Automotive Remote Diagnostics Market Research Report - Forecast to 2022
Market Overview:
Inclusion of advanced electronics and complexity of automotive designs are taking over the manual operation systems in automobiles. The innovations in diagnostic techniques as a result of technological evolution have intensified the efficiency and accuracy for detection of faults and malfunctions in the automotive electronics. Automotive remote diagnostics solutions monitor the functioning of automobiles remotely and provide real time information regarding the root cause of failures and malfunctions. As per the report published by Market Research Future (MRFR), the global automotive remote diagnostics market is registered to expand significantly at a noteworthy CAGR of 16.90% during the forecast period of 2016-2022.
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Market Drivers and Restraints:
Increasing global demand for technologically advanced automobiles for commercial as well as personal use is majorly fuelling the demand for remote diagnostics services and is resulting into the expansion of the global automotive remote diagnostics market. Global rise in demand for luxury vehicles is also driving the global automotive remote diagnostics market.
Rapid incorporation of advanced technology in automotive industry and high demand for hybrid and electronic vehicles are positively impacting on the global automotive remote diagnostics market. Whereas, the high installation and maintenance cost and lack of penetration of advanced technology in the underdeveloped regions are acting as restraints on the growth of the global automotive remote diagnostics market during the forecast.
Segmental Analysis:
The global automotive remote diagnostics market has been segmented on the basis of vehicle type, application and connectivity. Based on vehicle type, the automotive remote diagnostics market is segmented into commercial vehicle and passenger vehicle. Based on application, the automotive remote diagnostics market is segmented into automotive crash notification, vehicle tracking, vehicle health alert and roadside assistance. Among these, the roadside assistance segment is projected to be the fastest growing segment in the global automotive remote diagnostics market. Based on connectivity, the automotive remote diagnostics market is segmented into 3G, 4G LTE, Wi-Fi and Bluetooth. The Bluetooth segment is anticipated to constitute for the largest share in the global automotive remote diagnostics market during the forecast period.
Key Players:
The major players profiled by MRFR in the report on the global automotive remote diagnostics market are 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.
The report for Global Automotive Remote diagnostics Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market.
Target Audience
- Remote vehicle diagnostics solution providers
- Remote vehicle diagnostics solution software developers
- Distributors and suppliers of remote vehicle diagnostics solutions
- Government and research organization
- Investment bankers and M&A Consultants
Geographic Analysis
- Geographical analysis across 17 countries
Company Information
- Profiling of 10 key market players
- SWOT analysis, and strategy information of top five players in the market
- Competitive landscape including emerging trends adopted by major companies