Automotive Remote Diagnostics Market Overview
Automotive Remote Diagnostics Market in terms of value is estimated to register 15% CAGR during the forecast period.
The Automotive Remote Diagnostics Market is growing rapidly. Market growth attributes to the increasing adoption and implementation of connected services across vehicle applications. Besides, rising sales of luxury and commercial vehicles across the world create huge market demand. Stringent regulations by the Commercial Vehicle Safety Alliance (CVSA) play a causal role in the growth of the market. Moreover, the increasing demand from the OEM and aftermarket sectors escalates market sales.
According to Market Research Future (MRFR), the global automotive remote diagnostics market is poised to create an exponential value by 2019, growing at 14.68% CAGR throughout the forecast period (2019 – 2025). The rise in the growth of the automotive sector globally positively impacts the growth of the market. Substantial investments by manufacturers to improve the quality and reduce warranty costs foster market growth, increasing aftermarket and OEM sales.
Additionally, the increasing economic growth worldwide, boost the size of the Automotive Remote diagnostics Market Size. Simultaneously, growing concerns regarding vehicle performance and rising product developments especially designed for commercial vehicles aimed to enhance safety, efficiency, and connectivity, substantiate the market growth. Besides, spurting growth in segments such as automatic crash notification, vehicle tracking, vehicle health alert, and roadside assistance push the market growth.
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Players leading the global Automotive Remote diagnostics Market include Continental AG (Germany), Robert Bosch GmbH (Germany), Delphi Technologies (UK), Tech Mahindra Limited (India), Onstar LLC (US), Magneti Marelli S.p.A. (Italy), Softing AG (Germany), Snap-on Incorporated (US), Vidiwave Ltd (UK), Otonomo (Israel), Vector Informatik GmbH (Germany), and DSA Daten- und Systemtechnik GmbH (Germany), among others.
Global Automotive Remote Diagnostics Market – Segmentation
The report is segmented into five dynamics;
By Product Type: Equipment Diagnostic (electronic control unit, GPS modules, LED, GSM antenna, microcontrollers, GPS antenna, storage system, sensors, the CAN (Controller Area Network), car bus interface, others) and Software Diagnostic.
By Connectivity: 3G, 4G LTE, Wi-Fi, and Bluetooth (the CAN-Bluetooth module, electronic control unit (ECU), OBD interface (CAN bus).
By Vehicle Type: Passenger Car and Commercial Vehicles.
By Application: Vehicle Tracking, Automatic Crash Notification, Vehicle Health Alert, Roadside Assistance, and others.
By Regions: Europe, North America, Asia Pacific, and Rest-of-the-World.
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Global Automotive Remote Diagnostics Market – Regional Analysis
North America dominates the global Automotive Remote diagnostics Market Share. The largest market share attributes to the increasing adoption and implementation of connected services across vehicle applications. Besides, the presence of a large number of automakers and OEMs in the region drives the growth of the market. Moreover, substantial investments to incorporate remote diagnostics to reduce maintenance service downtime in vehicles by notable OEMs such as Daimler Trucks and Volvo Trucks influence the regional market growth.
Europe region is another lucrative market for automotive remote diagnostics. The market is especially driven by the presence of the well established automotive industry in the region. Moreover, innovation in the ICT segment is referred to as a key growth driver for the growth in this region. Substantial investments by the existing major industry players in R D activities required for product and technology developments fuel the demand in the Automotive Remote diagnostics Market Growth.
Asia Pacific also holds a substantial share in the global automotive remote diagnostics market. Factors such as the spurring demand from the automotive sector in the region fuel the sales in the market. Rising technological advancements in remote diagnostics systems and the burgeoning automotive industry in the region foster the growth of the market. Furthermore, increased RD activities and the rapid economic growth in the region propel market growth. The APAC automotive remote diagnostics market is estimated to grow at a significant pace during the assessment period.
Global Automotive Remote Diagnostics Market – Competitive Analysis
Highly competitive, the Automotive Remote diagnostics Market trends appears fragmented due to the presence of several well-established players. To gain a larger competitive share, industry players adopt mergers acquisitions, collaboration, expansion, and product/ technology launch. They focus on new technology development initiatives and geographical expansion.
Manufacturers employ a number of technologies to deliver OE diagnostic capabilities, flash programming, support, and pre/post scanning to aftermarket mechanical and collision industry. Several techniques have been invented that can allow these players to increase brand coverage and speed to help customers.
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Table of Content
1 Executive Summary$ 1,350.00
2 Market Introduction$ 0.00
2.1 Definition 16
2.2 Scope Of The Study 16
2.3 List Of Assumptions 17
2.4 Market Structure 18
2.5 Market Attractive Analysis 18
2.6 Global Automotive Remote Diagnostics Market, By Product Type 19
2.7 Global Automotive Remote Diagnostics Market, By Connectivity 20
2.8 Global Automotive Remote Diagnostics Market, By Vehicle Type 21
2.9 Global Automotive Remote Diagnostics Market, By Application 22
2.10 Key Buying Criteria 22
3 Market Insights$ 950.00
4 Research Methodology$ 0.00
4.1 Research Process 26
4.2 Primary Research 27
4.3 Secondary Research 28
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