The global automotive remote diagnostics market reached a value of US$ 10 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 25.4 Billion by 2027, exhibiting a CAGR of 16.81% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Automotive remote diagnostics refers to an automobile system that enables the monitoring of vehicles through a wireless network. The diagnostic equipment is connected to a 3G, 4G or Wi-Fi-based platform that operates and records the data regarding vehicle health. The data is further analyzed by computer software to provide useful insights. This aids in assessing vehicle performance in real-time, minimizing the service time and preventing further failures. As a result, it is commonly used in passenger and commercial vehicles for automatic crash notification, vehicle location tracking, roadside assistance and vehicle health alert system.
4G LTE
Wi-Fi
Bluetooth
2. What is the expected growth rate of the global automotive remote diagnostics market during 2022-2027?
3. What are the key factors driving the global automotive remote diagnostics market?
4. What has been the impact of COVID-19 on the global automotive remote diagnostics market?
5. What is the breakup of the global automotive remote diagnostics market based on the product type?
6. What is the breakup of the global automotive remote diagnostics market based on the connectivity?
7. What is the breakup of the global automotive remote diagnostics market based on the vehicle type?
8. What is the breakup of the global automotive remote diagnostics market based on the application?
9. What are the key regions in the global automotive remote diagnostics market?
10. Who are the key players/companies in the global automotive remote diagnostics market?
Automotive remote diagnostics refers to an automobile system that enables the monitoring of vehicles through a wireless network. The diagnostic equipment is connected to a 3G, 4G or Wi-Fi-based platform that operates and records the data regarding vehicle health. The data is further analyzed by computer software to provide useful insights. This aids in assessing vehicle performance in real-time, minimizing the service time and preventing further failures. As a result, it is commonly used in passenger and commercial vehicles for automatic crash notification, vehicle location tracking, roadside assistance and vehicle health alert system.
Automotive Remote Diagnostics Market Trends:
Significant growth in the automotive industry represents as one of the key factors driving the growth of the market. Furthermore, increasing emphasis of original equipment manufacturers (OEMs) on the improvement of vehicle performance and collection of relevant data is also driving the market growth. The adoption of automotive remote diagnostics aids in significantly minimizing service downtime and effectively predicting component defects. In line with this, the increasing demand for electric and hybrid vehicles (E/HVs) is also contributing to the market growth. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT) and telematics, are acting as other growth-inducing factors. These technologies enable users to interact with the connected car eco-systems to offer an improved and comfortable driving experience. Other factors, including the rising demand for luxury and sports vehicles, along with extensive research and development (R&D) activities on improving safety and security of the passengers, are anticipated to drive the market further.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global automotive remote diagnostics market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, connectivity, vehicle type and application.Breakup by Product Type:
- Diagnostic Equipment
- Software
Breakup by Connectivity:
3G4G LTE
Wi-Fi
Bluetooth
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by Application:
- Automatic Crash Notification
- Vehicle Tracking
- Vehicle Health Alert
- Roadside Assistance
Breakup by Region:
North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Aptiv PLC (BorgWarner Inc.), AVL DiTEST GmbH (List Capital & Consulting GmbH), Continental Aktiengesellschaft, Magneti Marelli S.p.A. (KKR & Co. Inc.), Mercedes-Benz AG (Daimler AG), OnStar Corporation (General Motors Company), Robert Bosch GmbH (Robert Bosch Stiftung Gmbh), Snap-On Incorporated, Softing AG, Tech Mahindra Limited (Mahindra Group) and Vector Informatik GmbH.Key Questions Answered in This Report
1. What was the size of the global automotive remote diagnostics market in 2021?2. What is the expected growth rate of the global automotive remote diagnostics market during 2022-2027?
3. What are the key factors driving the global automotive remote diagnostics market?
4. What has been the impact of COVID-19 on the global automotive remote diagnostics market?
5. What is the breakup of the global automotive remote diagnostics market based on the product type?
6. What is the breakup of the global automotive remote diagnostics market based on the connectivity?
7. What is the breakup of the global automotive remote diagnostics market based on the vehicle type?
8. What is the breakup of the global automotive remote diagnostics market based on the application?
9. What are the key regions in the global automotive remote diagnostics market?
10. Who are the key players/companies in the global automotive remote diagnostics market?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Automotive Remote Diagnostics Market
6 Market Breakup by Product Type
7 Market Breakup by Connectivity
8 Market Breakup by Vehicle Type
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Aptiv PLC (BorgWarner Inc.)
- AVL DiTEST GmbH (List Capital & Consulting GmbH)
- Continental Aktiengesellschaft
- Magneti Marelli S.p.A. (KKR & Co. Inc.)
- Mercedes-Benz AG (Daimler AG)
- OnStar Corporation (General Motors Company)
- Robert Bosch GmbH (Robert Bosch Stiftung Gmbh)
- Snap-On Incorporated
- Softing AG
- Tech Mahindra Limited (Mahindra Group)
- Vector Informatik GmbH.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 146 |
Published | July 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD | $ 10 Billion |
Forecasted Market Value ( USD | $ 25.4 Billion |
Compound Annual Growth Rate | 16.8% |
Regions Covered | Global |
No. of Companies Mentioned | 11 |