Global Remote Vehicle Diagnostics Market Size was valued nearly USD 13.91 billion by 2016 and is estimated to reach up to USD xx.xx billion by 2025. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 17.8% during the forecast period that is 2017-2025. Asia Pacific remote vehicle diagnostic market is anticipated to grow over the fastest CAGR over the forecast period, owing to the up-surging sales of the electric vehicles, particularly in China and Japan.  

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

Remote vehicle diagnostics provide real time assistance/information of the vehicle to compare its performance against the benchmarks. The rising technology penetration in automobile such as the incorporation of internet of things (IoT) and telematics are helpful for the driver to communicate to original equipment manufacturer (OEM) to have real time assistance in need. The telematics system is connected to the ECU and sensors which collects and sorts the data extracted from the vehicle which then communicates to remote server regarding any kind of failure occurred within the vehicles. It also suggests the type of action that needs to be taken.  The remote vehicle diagnostics market is anticipated to have significant growth over the forecast period majorly owing to the development of automated and electric vehicles, which have initiated the need for report vehicle diagnostic solutions for safer journey.

Market Dynamics

The rise in demand for electric, hybrid, and connected vehicles will proportionally increase the need for remote vehicle diagnostic systems, as they are embedded in them to ensure safe travel. These vehicles are equipped with connected sensors that provides the OEM real time assessment of the vehicles such as battery, door locking, health details and complaint statistics. By this real time data, manufacturers or service providers would able to provide accurate services required for the vehicles. For instance, Harman International offers ‘The Vehicle Health & Diagnostics Dashboard Solution’, a platform to determine the real time insights regarding the vehicle’s health and quality, which thereby renders the operational costs, accident liabilities and lesser response time to issues.

However, the connected vehicles have more threat to the cybercrimes which is at present a notable issue for the remote vehicle diagnostic market. This will further be attributed with the additional cost of services, thereby deterring the market growth.

Segment Analysis

Vehicle Type Insights: Remote vehicle diagnostic market for commercial vehicles is anticipated to have a major share in the global market, majorly attributed by the benefits offered to fleet management providers coupled with increasing need for diagnostic services, along with the introduction of fleet management systems. For instance, Volvo offers Truck Diagnostic System which is PC based diagnostic software solution. It is designed for the fleets US07, US10 or US13 Volvo trucks models.

Connectivity Type Insights: Bluetooth-based remote vehicle diagnostics market is projected to lead the global market over the projected period, primarily owing to the increasing number of in-car connections, between dashboard and various connectivity devices such as smartphones, tablets and laptops. According to research study by our experts, the total shipments of bluetooth systems in the year 2017 was nearly 760 million, which includes in-car systems, wireless headsets and wireless systems. The demand to embed the features such as navigation, infotainment and diagnostics inside the vehicle, has enhanced the demand for bluetooth-based remote vehicle diagnostic systems, which will further drive the market in the coming years.

Regional Analysis

Asia Pacific remote vehicle diagnostic market is anticipated to grow over the fastest CAGR over the forecast period, owing to the up-surging sales of the electric vehicles, particularly in China and Japan. According to the International Energy Agency, China witnessed an approximate sale of over 5,80,000 electric cars in 2017. The rise in the electric car market would result in the emergence of the remote vehicle diagnostic market, to have insights pertaining to the remote vehicle operations coupled with direct communication with owner and service providers.

Global Remote Vehicle Diagnostics Market Size, Share Analysis By Region 2017

Global Remote Vehicle Diagnostics Market Study Objective

1. To forecast the market size of remote vehicle diagnostic market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of remote vehicle diagnostic market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of remote vehicle diagnostic market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of remote vehicle diagnostic market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the remote vehicle diagnostic market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of remote vehicle diagnostic market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of remote vehicle diagnostic market commercially.

Competitive Landscape

Numerous companies in the market are competition with each other in order to provide better solutions and services for the remote vehicle diagnostics. In 2017, Bosch offered an innovative Predictive Diagnostics software solution which monitors, estimates and shares the results from the components and vehicle systems. The output data from the connected vehicles faults can be predicted and fixed on timely basis. Key players in the market are Robert Bosch GmbH, Delphi automotive, Continental AG, Harman International, OnStar Operations, Mercedes Benz, Magneti Marelli and several others.

Global Remote Vehicle Diagnostics Market Study Report Offer You!

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