Remote Diagnostics Market | Contrive Datum Insights

The global Remote Diagnostics market is projected to grow at a CAGR of 12.78% during the forecast period.

Remote Diagnostics Market Overview:

Remote diagnostics refers to automotive systems that allow monitoring of the vehicle over a wireless network. The diagnostic instrumentation is connected to a 3G, 4G or Wi-Fi-based platform which operates and records the vehicle's health data. Data is processed by a laptop software system to provide useful insights. This helps monitor vehicle performance over time, reducing repair time and avoiding problems. As such, it is commonly used in automatic collision notification, vehicle location tracking, roadside assistance, and vehicle health alert systems for passenger cars and commercial vehicles. Remote diagnostics are used to analyze the condition of the vehicle and monitor its health of the car. The increasing level of automation in vehicles and reliance of customers on integrating personal vehicles with IoT applications and remote diagnostics will drive market growth.

Remote Diagnostics market size, estimates, and forecasts are provided in terms of sales volume (K Units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Remote Diagnostics market in detail. Regional market sizes related to products by type, by application, and by the player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• In March 2019, the ACTIA Group achieved a technology transformation by investing in the development of an open-source operating system for vehicles with the Linux Foundation. In turn, this will help the company expand its product range.
• In 2018, Transics expanded its product range with the launch of its latest driver app, TX-FLEX, which will allow drivers to schedule follow-ups from their smartphone
• In 2017, Bosch inaugurated the expansion of its Technology Center in Plymouth. Expansion of the technology center will facilitate the development of multiple mobility technologies and automotive aftermarket components

Major Segments Covered in the Global Remote Diagnostics Market:

Market Key Players:
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.

Remote Diagnostics Market by Types:

• Diagnostic Equipment
• Software

Remote Diagnostics Market By Connectivity

• 3G
• 4G LTE
• Wi-Fi
• Bluetooth

Remote Diagnostics Market By Vehicle

• Passenger Cars
• Commercial Vehicles

Remote Diagnostics Market by Applications:

• Roadside Assistance
• Vehicle Tracking
• Vehicle State Alert
• Crash Notification
• Training Assistance

Market Segmentaion Analysis:

The BlueTooth market segment is anticipated to hold a significant share of the global market. The increasing use of Bluetooth technology for connectivity in the automotive industry is expected to drive the growth of this market segment.
Enhanced performance of Bluetooth devices in terms of connectivity in automotive vehicles is a key factor driving the adoption of Bluetooth connectivity solutions in automobiles. Bluetooth connections increase adaptability, reduce complications due to wireless connections, and add modularity to the interiors of vehicles. All of these factors increase the market share over the coming years. The 3G/4G LTE/5G network segment is also anticipated to maintain a sizeable share of the global connectivity market, followed by the Bluetooth segment. The rising prevalence of connected automobiles and internet data for interactive broadband operation will stimulate the remote diagnostics market.

Remote Diagnostics Market by Regions:

The report estimates revenue growth at the worldwide, regional, and country levels and delivers an analysis of the recent industry trends in each sub-segment from 2017 to 2030.

Asia Pacific dominates the remote diagnostic market owing to high vehicle production in the region and rising adoption of hybrid electric vehicles. Europe is expected to witness significant growth over the forecast period 2021 to 2028 owing to increasing sales of electric vehicles and increasing production of passenger vehicles in the region.

North America is expected to maintain its position as the major contributor to the remote diagnostics market. The growing adoption of software technology and connected cars is estimated to drive the market growth of various types of vehicles in this region. North America has been a pioneer in adopting innovative technologies and bringing premium vehicles to the market.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Report Scope of Global Remote Diagnostics Market:

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains a SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Frequently Asked Questions-

What is the CAGR of the Remote Diagnostics market?

The Remote Diagnostics Market is growing at a CAGR of 12.78% During the Forecast Period.

 What are the key types and applications of the Remote Diagnostics market?

- Diagnostic Equipment, Software

- Roadside Assistance, Vehicle Tracking, Vehicle State Alert, Crash Notification, Training Assistance

Who are the key players in the Remote Diagnostics market?

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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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.