Automotive Remote Diagnostics Global Market Overview:
The Global Automotive Remote Diagnostics Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Automotive Remote Diagnostics will grow at a rapid pace over the forecast period. The market is forecasted to witness slow but steady growth by 2027, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2027).
Automotive remote diagnostics is a solution to monitor the health of a vehicle, figures the root cause of the issues and also enables the customer to access information about the vehicle. The awareness regarding vehicle diagnostics, the rising demand regarding safety and security of vehicles, and the growing inclination towards premium vehicles are some factors expected to drive the market. In connectivity segment, bluetooth is expected to have largest share in the automotive remote diagnostics market. As bluetooth offers various features and one of them is it connects the vehicle to the internet via smart phone to transfer data from and with server. There are various trends in the market such as integration of mobile phones with telematics systems and vehicle diagnostic-based insurance programs.
With the global economy undergoing an extraordinary level of shift, major emerging countries such as China, India, Thailand, and Indonesia, among others are becoming manufacturing hubs for global automotive players. As a result of increasing prosperity in the emerging economies, more and more people are able to afford their own car, particularly in emerging Asian economies such as China and India. In order to tap these rising consumer automobile preferences, leading global automotive players such as Volkswagen, BMW, Toyota, and Ford, among others are entering into new emerging markets for business expansion. As the global auto-manufacturers continue to expand into growing and emerging markets, the demand for automotive remote diagnostics will also rise.
The Automotive Remote Diagnostics Market is completely dependent on the automotive industry. Thus the increasing or decreasing demand of the automotive industry directly has an impact on the automotive remote diagnostics market. The total four wheeler production for the year 2015 was almost 90 million units and is expected to witness further boost and reach more than 100 million units by the year 2020. This results as a primary factor driving the automotive remote diagnostics as lighting acts as an essential safety feature of a vehicle. Thus the growth of the automotive remote diagnostics market is expected to go hand in hand with the automotive industry.
The development in automotive industry have led to the emergence of new and high-tech automotive remote diagnostics, which will attract the interest of the consumers. The increasing concerns for safety among consumers drives them towards the safety and quality of automotive remote diagnostics standards. The standard technology offered by the small automotive installation service provider will be replaced by the specialized automotive remote diagnostics so as to meet the market expectation. This will create an opportunity for the specialized automotive market to meet the standard for the automotive remote diagnostics.
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Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Onstar LLC, Snap-On Inc., Magneti Marelli, Softing AG, VOXX International Corporation, Vector Informatik, and Vidiwave Ltd. and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Automotive Remote Diagnostics Market.
Industry/ Innovation/ Related News:
June, 2017– Continental has launched its Remote Vehicle Data (RVD) platform, which is the foundation for innovative connected services. The platform permits unified access to multi-brand vehicle data via various hardware options and targets a wide range of potential customers. RVD is fully integrated into Continental’s modular cloud approach for connected service solutions, providing customers with an end-to-end solution along the complete value chain of connected services.
April, 2017 – WABCO, a leading global supplier of technologies that improve the safety, efficiency and connectivity of commercial vehicles, will introduce its remote diagnostics pilot for commercial vehicle fleets at Automechanika Frankfurt 2016 as part of its showcase of industry-leading technologies, products and service solutions. The event, known as one of the automotive service industry’s leading trade fairs, will take place from September 13-17, 2016 at Messe Frankfurt in Frankfurt, Germany.
August, 2017 – Autologic Diagnostics Inc. (Autologic), an Opus Group AB subsidiary, has signed an asset purchase agreement for the acquisition of 100 percent of MVDS, LLC. The purchase is valued at USD 1.2 million (approximately SEK 9.8 million). Closing is anticipated for early August 2017. After the acquisition, Farsight will be integrated with Autologic; its 20 employees will relocate to the nearby Autologic offices in Commack, New York within 90 days after closing.
Automotive Remote Diagnostics Market – Segmentation
The Global Automotive Remote Diagnostics Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
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Segmentation by Application: Comprises Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert and Roadside Assistance.
Segmentation by Connectivity : Comprises 3G, 4G LTE, Wi-Fi, and Bluetooth.
Segmentation by Vehicle Type : Comprises Passenger Vehicle and Commercial Vehicle
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Automotive Remote Diagnostics Market: Regional Analysis:
The global Automotive Remote Diagnostics, by region, has been segmented into the four major regions of North America, Europe, Asia Pacific and Rest of the World. Over the last couple of years, the automotive industry has flourished globally, with several technologies emerging in the market. Geographically, North America region has been the largest market for automotive exhaust in 2016, followed by Europe and Asia-Pacific. Asia Pacific region has registered the fastest growing region due to the presence of emerging economies such as China, India, South Korea, and Japan. Moreover, several automotive giants have been focusing on this region mainly due to the abundant demand for passenger as well as commercial vehicles, and have therefore planned to expand their operations in the Asia Pacific region. By the end of forecast year, the global market is expected to witness cut throat competition between North America and Europe, in terms of revenue and market share.
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