(MENAFN- GlobeNewsWire - Nasdaq) Dublin, Oct. 08, 2021 (GLOBE NEWSWIRE) -- The "Automotive Remote Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global automotive remote diagnostics market reached a value of US$ 58.3 Billion in 2020. Looking forward, the market is expected to reach a value of US$ 73.7 Billion by 2026. Keeping in mind the uncertainties of COVID-19, the analyst is 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.
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 analyst provides an analysis of the key trends in each sub-segment of the global automotive remote diagnostics market, along with forecasts at the global, regional and country level from 2021-2026. The report has categorized the market based on 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
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 Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Remote Diagnostics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Diagnostic Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Connectivity
7.1 3G
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 4G LTE
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Wi-Fi
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Bluetooth
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Vehicle Type
8.1 Passenger Cars
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Automatic Crash Notification
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Vehicle Tracking
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Vehicle Health Alert
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Roadside Assistance
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Aptiv PLC (BorgWarner Inc.)
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 AVL DiTEST GmbH (List Capital & Consulting GmbH)
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Continental Aktiengesellschaft
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Magneti Marelli S.p.A. (KKR & Co. Inc.)
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.5 Mercedes-Benz AG (Daimler AG)
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 OnStar Corporation (General Motors Company)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Snap-On Incorporated
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Softing AG
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Tech Mahindra Limited (Mahindra Group)
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Vector Informatik GmbH
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
For more information about this report visit
Tags Automotive Repair COVID 19 COVID19 Remote Diagnostics Roadside Assistance
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