According to the latest report by IMARC Group, titled “Automotive Remote Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global automotive remote diagnostics market reached a value of US$ 58.3 Billion in 2020 and expects the market to reach a value of US$ 73.7 Billion by 2026
Automotive remote diagnostics is a system that facilitates the monitoring of vehicles through a wireless network. It operates and records data related to the vehicle’s efficiency using 3G, 4G, or Wi-Fi-based connectivity. The data is then analyzed by computer software to provide useful insights about vehicle performance in real-time, prevent failures, and reduce service time. As a result, automotive remote diagnostics is widely deployed in passenger and commercial vehicles for vehicle location tracking, roadside assistance, and operation monitoring.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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“Automotive Remote Diagnostics Market
The expanding automotive industry is one of the key factors driving the market growth. Additionally, the increasing emphasis on enhancing vehicle performance and collecting relevant data by the OEMs is also impelling the growth of the market. Moreover, the rising popularity of electric and hybrid vehicles that are installed with advanced automotive features is further augmenting the market growth. Besides this, the growing demand for automotive remote diagnostics due to the incorporation of the Internet of Things (IoT) and telematics is also propelling the market. Additionally, the increasing popularity of luxury and sports vehicles, along with extensive R&D activities to enhance passenger safety and security, are further expected to augment the global market for automotive remote diagnostics.
Automotive Remote Diagnostics Market 2021-2026 Analysis and Segmentation:
Our report has categorized the market based on region, product type, connectivity, vehicle type and application.
Breakup by Product Type:
- Diagnostic Equipment
- Software
Breakup by Connectivity:
- 3G
- 4G 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 Key Player:
- 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
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