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The market for remote vehicle diagnostics market in Asia Pacific region is expected to account largest market share during forecast period, owing to increasing vehicle manufacturing and high demand for electric vehicles in emerging economies such as
Remote Vehicle Diagnostics Market - Trends, and
Analysis 2017-2025
Remote vehicle diagnostics solution is responsible for monitoring status of a vehicle
regarding detection of any problem occurred during operation and identifying real time
vehicle parameters to enhance its performance. This solution can be utilized to monitor
performance and working status of commercial, electric vehicles, and utility vehicles. Remote
vehicle diagnostic solution permits customer to utilize real time data about the vehicle such as
routes and fuel level for better performance of the vehicle.
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Emergence of autonomous vehicles is supporting growth of the market
The key factor responsible for the growth of the global remote vehicle diagnostics market is
advent of autonomous vehicle. Remote vehicle diagnostics solution can be utilized to provide
detailed status of a vehicle including vehicle tracking, summary, and analysis of a trip. It
provides hardware configuration, which includes event configuration and parameters for echo
cancellation. Remote vehicle diagnostics solutions are essential part of automotive industry
especially for electric vehicles due to better vehicle performance and real time driving
emission testing. In electric vehicles this solution is responsible for monitoring working
status of the vehicle, control, and providing overall status of the vehicle, which includes
status of battery and remote vehicle operations such as door locking and HVAC, by sending
updates via email or SMS to the owner. Therefore, such features are expected to boost the
growth of global remote vehicle diagnostics market by 2015. For instance, according to IHS
Markit, an automotive database provider, the global autonomous vehicles sales is expected to
cross over 600,000 units in 2025 increasing at a CAGR of 43% between 2025 and 2035.
Market players are focused on development and manufacturing of autonomous vehicles.
According to HIS Markit, autonomous vehicle sale in China is expected to reach around 5.7
million by 2035 and in the U.S. around 4.5 million vehicles. Considering these statistics, the
automotive industry especially electric vehicles market is expected to grow at a significant
rate, which in turn is expected to propel the growth of global remote vehicle diagnostics
market during forecast period.
Remote Vehicle Diagnostics Market Taxonomy
On the basis of vehicle type, the global remote vehicle diagnostics market is segmented into:
● Light-Duty Vehicle
● Commercial Vehicle
On the basis of connectivity, the global remote vehicle diagnostics market is segmented into:
●
●
●
●
4G LTE
3G
Bluetooth
Wi-Fi
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On the basis of application, the global remote vehicle diagnostics market is segmented into:
●
●
●
●
Automatic Crash Notification
Vehicle Tracking
Vehicle Health Alert
Roadside Assistance
Remote Vehicle Diagnostics Market: Regional Insights
The global remote vehicle diagnostics market is segmented on the basis of regions into North
America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for
remote vehicle diagnostics market in Asia Pacific region is expected to account largest
market share during forecast period, owing to increasing vehicle manufacturing and high
demand for electric vehicles in emerging economies such as China and Japan. According to
the International Energy Agency’s Global EV Outlook, China held the largest market share
for electric vehicles in 2016 accounting for over 40% of the electric cars sold globally, which
includes over 200 million electric two-wheelers and over 300,000 electric buses. This factors
are expected to propel the growth of the regional remote vehicle diagnostics market by 2025.
Remote Vehicle Diagnostics Market: Competitive Background
Major players operating in the global remote vehicle diagnostics market include Robert
Bosch GmbH, Continental AG, Delphi Automotive PLC, Onstar LLC (subsidiary of General
Motors), Snap-On Inc., Magneti Marelli, Softing AG, VOXX International Corporation,
Vector Informatik, and Vidiwave Ltd.
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apeksha motghare
apeksha motghare527   documents Email
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