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Global automotive remote diagnostics market report from Market Intelligence Data is the single commanding source of intelligence on Automotive Remote Diagnostics market. The report will deliver you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report contains in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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The automotive remote diagnostics market is expected to register a stupendous 18.9% CAGR between 2022 and 2028, up from 17.1% CAGR recorded during 2013-2021.
The ongoing expansion of the automotive sector is likely to propel the growth in the market over the forthcoming years. According to the International Organization of Motor Vehicle Manufacturers, around 24,372,388 commercial vehicles were sold across the globe in 2020. This number is projected to surge in future, thereby driving the demand for automotive remote diagnostics solutions.
The Automotive Remote Diagnostics Market is projected to succeed at a CAGR of 18% during 2022 – 2028.
The top Leading Market Players Covered in this Report are: , OnStar, Vector informatik, Car Shield, Delphi, Texan, AVL DiTEST, Bosch, Mercedes-Benz, Vidiwave, Continental,
The primary market segments and their sub-segments covered in this study provide information on the overall business climate. The categories in this research are built by analyzing supply and demand scenario that provides a thorough view of the market. The segment study provides a detailed view of the fastest-growing market sector as well as the factors influencing the fast/slow growth of the other segments. This section includes a complete market share and revenue analysis.
Automotive Remote Diagnostics Market Segmentation by Type:
Automatic Crash Notification
Vehicle Tracking
Vehicle Health Alert
Roadside Assistance
Automotive Remote Diagnostics Market Segmentation by Application:
Commercial Vehicle
Passenger Vehicle
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Global Automotive Remote Diagnostics Market Regional Segmentation
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the primary regions that make up the global Automotive Remote Diagnostics market. They are also divided into sub-categories based on their geographical location. The geographical analysis helps to determine the main elements that contribute to the market's development in terms of revenue, market share, value, and other metrics. This will assist the user in determining the most lucrative region in the global Automotive Remote Diagnostics market and developing strategies that would benefit the company.
The ongoing digital transformation of the automotive industry is likely to propel the growth in the U.K. over the forecast period. As per FMI, Europe automotive remote diagnostics market is expected to account for 34.6% of the share in 2022.
The new ecosystem of the U.K. automotive sector contains various OEMs that are consistently striving to deploy the next-generation technologies, such as driver assistance, vehicle management, mobility management, and safety technologies in their vehicles. In addition to this, many new entrants are engaging in mergers and acquisitions to broaden their connected car data services.
In June 2021, Wejo, a connected car data company, merged with Virtuoso Acquisition in a US$ 1.1 billion deal. The company aims to source live data directly from the integrated vehicle sensors across numerous tier 1 auto part suppliers and OEMs, thereby enabling real-time data analysis and collection. Such developments are expected to accelerate the demand for automotive remote diagnostics in the U.K.
Rising development of new solutions by reputed companies in the U.S. to attract more customers through user-friendly policies is estimated to drive the market. North America automotive remote diagnostics market is projected to hold about 30.4% of the share in 2022, says FMI.
For instance, in January 2022, Hyundai Motor America, a wholly owned subsidiary of Hyundai Motor Company based in California, introduced a novel solution to make it easy for lessees and owners of Hyundai vehicles to control, understand, and check how data from their connected cars can be shared, used, and collected. The company aims to provide its customers with a better understanding of their data usage and privacy.
Key point summary of the Global Automotive Remote Diagnostics Market report:
– This report gives out a comprehensive prospect of several factors driving or preventive market growth.
– It presents an in-depth analysis of changing competition dynamics and puts the reader ahead of competitors.
– It helps in making well-informed business decisions by creating a precise analysis of market segments and by having complete insights into the Global Automotive Remote Diagnostics market.
– This report helps users in understanding the key product segments and their future developments
Other features of the report:
– Gives a thorough analysis of the key strategies with a focus on the corporate structure, R&D methods, localization strategies, production capabilities, sales, and performance in various companies.
– Provides valuable insights into the product portfolio, including product planning, development, and positioning.
– Analyses the role of key market players and their partnerships, mergers, and acquisitions.
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COVID-19 impact on the global market:
This COVID-19 Impact Analysis covered in the report provides a comprehensive study on changes in company policy, market expansion rate, new collaboration among market players, and key restraining factors, and future market growth during the pandemic period. As the COVID-19 remains in place for an extended period of time, it is critical to understand its impact on overall growth during the forecast period.
Report Methodology
Market revenue, future predictions, and statistics for a new report published by Market Intelligence Data is built by gathering detailed information for the global Automotive Remote Diagnostics market. The details provided in the report are crafted through extensive secondary research that comprises thorough study of investor presentations, company annual reports, white papers, government programs, and related organization reports. The detailed secondary research is backed by comprehensive primary research.
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