Demand for LCVs is set to Create Robust Opportunities for Automotive Remote Diagnostics
The increasing production of light commercial vehicles globally is expected to drive the automotive remote diagnostics market. The emergence of remote vehicle diagnostics equipment in the LCV segment is helping achieve reduced downtime during maintenance and service. This is expected to fuel the demand for automotive remote diagnostics. Furthermore, rapid urbanization has created new retail and e-commerce platforms which require efficient logistics thus creating demand for commercial vehicles. This is therefore anticipated to create significant opportunities for players in the automotive remote diagnostics market.
The market share of the light commercial vehicles segment is estimated to witness robust growth as compared to other vehicle categories and is foreseen to maintain its lead in the market throughout the forecast period. The light commercial vehicles segment is estimated to create an absolute $ opportunity worth US$ 21.2 Bn during the end of the forecast period (2019-2028). However, the heavy commercial vehicles segment is estimated to grow around 3.5X times as compared to its market value of 2019.
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Vehicle Health Tracking & Diagnosis Segment to Grow at a Significant Growth Rate of More than 20% during the Forecast Period
The latest innovations in automotive remote diagnostics is paving the way for improved vehicle performance along with improved driver safety as it allows to monitor real-time data through a wireless network. Furthermore, the rapid adoption of IoT in automobiles has enabled adoption of various advanced features such as vehicle health monitoring, alerts on due repair and maintenance, assessment of engine data, battery status, etc. Thus, various automobile manufacturers are installing vehicle health tracking systems to provide ideal vehicle experience to the users. Owing to the above mentioned facts, the global vehicle health tracking and diagnosis segment is estimated to create an absolute $ opportunity of more than US$ 12.2 Bn during the forecast period (2019-2028).
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North America and Europe to Remain in the Lead
North America and Europe are pegged to be the prominent markets for automotive remote diagnostics owing to the emergence of connected vehicle ecosystem coupled with the effective integration of technology and workflow in these regions. Over the past few years, European automotive sector has witnessed above average growth due to the significant adoption of remote diagnostics by the prominent automakers, especially for the premium and luxury vehicles segment. In addition, high volume sales of LCVs and luxury segment in North America is estimated to create robust demand for automotive remote diagnostics in the global market. Collectively, North America and Europe are estimated to account for over 62% of the overall incremental opportunity by the end of the forecast period.
Industry Players Focusing on Expansion for Business Opportunities
The prominent players in the automotive remote diagnostic market are focusing on product expansion as their key strategy to enhance their market presence and also to gain a competitive edge over the other market players on a global scale. For instance,
- In March 2019, ACTIA Group took a technological turn by investing in open source operating system for automotive with The Linux Foundation. This, in turn, will help the company to expand its offerings.
- In 2018, Transics expanded its offerings by introducing its latest driver app TX-FLEX which will enable the driver to schedule follow-ups via smartphones
- In 2017, Bosch hosted the inauguration ceremony of its Technical Center Expansion in Plymouth. Expansion of this technical center will enable the growth of several mobility technologies and automotive aftermarket parts and components
Global Automotive Remote Diagnostics Market - Scope of the Report
Fact.MR recently published a market study on the global market for automotive remote diagnostics. The study provides a detailed assessment on the key market dynamics, including drivers, trends, opportunities, restraints, and detailed information about the automotive remote diagnostics market structure. The market study presents exclusive information about how the automotive remote diagnostics market will grow during the forecast period of 2019-2028.
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market, value chain, supply chain analysis, and Compounded Annual Growth Rate (CAGR) are explained in Fact. MR’s study in a comprehensive manner. This information can help readers understand the quantitative growth prospects of the automotive remote diagnostics market in the forecast period.
The study is relevant for stakeholders in the automotive remote diagnostics market, including manufacturers, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Stakeholders in the automotive remote diagnostics market, investors, industry experts, researchers, and journalists, as well as business researchers can leverage the information and data presented in the Fact.MR study.
The study also includes statistics as well as facts related to macro as well as microeconomic factors that are impacting developments in the automotive remote diagnostics market. It also offers actionable insights based on future trends in the automotive remote diagnostics market. Furthermore, small businesses and new entrants in the automotive remote diagnostics market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of the Automotive Remote Diagnostics Market
Fact.MR’s study on the automotive remote diagnostics market offers information divided into four key segments— product, application, vehicle and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
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Key Questions Answered in Fact.MR’s Automotive Remote Diagnostics Market Report
- Which regions will continue to remain the most profitable regional markets for automotive remote diagnostics market players?
- Which factors will induce a change in the demand for automotive remote diagnostics during the assessment period?
- How will changing trends impact the automotive remote diagnostics market?
- How can market players capture the low-hanging opportunities in the automotive remote diagnostics market in developed regions?
- Which companies are leading the automotive remote diagnostics market?
- What are the winning strategies of stakeholders in the automotive remote diagnostics market to upscale their position in this landscape?
Automotive Remote Diagnostics Market: Research Methodology
In Fact.MR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the automotive remote diagnostics market, and reach conclusions on future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of conclusions.
Secondary resources referred to analysts during the preparation of the automotive remote diagnostics market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who have contributed to the development of this report as a primary resource.
1. Executive Summary
1.1. Global Market Outlook
1.2. Industry Overview
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
4. Global Automotive Remote Diagnostics Market Demand Analysis 2014-2018 and Forecast, 2019-2028
4.1. Historical Market Volume (Units) Analysis, 2014-2018
4.2. Current and Future Market Volume (Units) Projections, 2019-2028
4.3. Y-o-Y Growth Trend Analysis
5. Global Automotive Remote Diagnostics Market - Pricing Analysis
6. Global Automotive Remote Diagnostics Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2028
6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2028
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Market Background
7.1. Macro-Economic Factors
7.1.1. Global GDP Growth Outlook
7.1.2. Global Automotive Production Outlook
7.1.3. Global Fleet Size Overview
7.1.4. Global ICT Spending
7.1.5. Global Technology Adoption Overview
7.2. Forecast Factors - Relevance & Impact
7.2.1. Global GDP Growth Forecast
7.2.2. Global Urbanization Growth Outlook
7.2.3. Automotive Production Rate
7.3. Supply Chain
7.4. Market Dynamics
7.4.1. Drivers
7.4.2. Restraints
7.4.3. Opportunity Analysis
8. Global Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028, by Product
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Product, 2014-2018
8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product, 2019-2028
8.3.1. Diagnostic Equipment
8.3.2. Software
8.4. Market Attractiveness Analysis By Product Type
9. Global Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028, by Vehicle Type
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Cell Type, 2014-2018
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Vehicle Type, 2019-2028
9.3.1. Passenger Car
9.3.1.1. Compact
9.3.1.2. Mid-Size
9.3.1.3. Luxury
9.3.1.4. SUV
9.3.2. Light Commercial Vehicle
9.3.3. Heavy Commercial Vehicle
9.4. Market Attractiveness Analysis By Vehicle Type
10. Global Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028, by Application
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2014-2018
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2019-2028
10.3.1. Vehicle System and Component Access
10.3.2. Vehicle Health Tracking & Diagnosis
10.4. Market Attractiveness Analysis By Application
11. Global Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028, by Region
11.1. Introduction
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2014-2018
11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2019-2028
11.3.1. North America
11.3.2. Latin America
11.3.3. Europe
11.3.4. Middle East and Africa (MEA)
11.3.5. East Asia
11.3.6. South Asia
11.3.7. Oceania
11.4. Market Attractiveness Analysis By Region
12. North America Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
12.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028
12.3.1. By Country
12.3.1.1. U.S.
12.3.1.2. Canada
12.3.2. By Product Type
12.3.3. By Vehicle Type
12.3.4. By Application
12.4. Market Attractiveness Analysis
12.4.1. By Country
12.4.2. By Product Type
12.4.3. By Vehicle Type
12.4.4. By Application
12.5. Market Trends
12.6. Drivers and Restraints – Impact Analysis
13. Latin America Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
13.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028
13.3.1. By Country
13.3.1.1. Brazil
13.3.1.2. Mexico
13.3.1.3. Rest of Latin America
13.3.2. By Product Type
13.3.3. By Vehicle Type
13.3.4. By Application
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Product Type
13.4.3. By Vehicle Type
13.4.4. By Application
13.5. Market Trends
13.6. Drivers and Restraints – Impact Analysis
14. Europe Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
14.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028
14.3.1. By Country
14.3.1.1. Germany
14.3.1.2. Italy
14.3.1.3. France
14.3.1.4. U.K.
14.3.1.5. Spain
14.3.1.6. BENELUX
14.3.1.7. Russia
14.3.1.8. Rest of Europe
14.3.2. By Product Type
14.3.3. By Vehicle Type
14.3.4. By Application
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Product Type
14.4.3. By Vehicle Type
14.4.4. By Application
14.5. Market Trends
14.6. Drivers and Restraints – Impact Analysis
15. South Asia Pacific Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028
15.3.1. By Country
15.3.1.1. India
15.3.1.2. Thailand
15.3.1.3. Indonesia
15.3.1.4. Malaysia
15.3.1.5. Rest of South Asia
15.3.2. By Product Type
15.3.3. By Vehicle Type
15.3.4. By Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Product Type
15.4.3. By Vehicle Type
15.4.4. By Application
15.5. Market Trends
15.6. Drivers and Restraints – Impact Analysis
16. East Asia Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028
16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. By Product Type
16.3.3. By Vehicle Type
16.3.4. By Application
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Product Type
16.4.3. By Vehicle Type
16.4.4. By Application
16.5. Market Trends
16.6. Drivers and Restraints – Impact Analysis
17. Oceania Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028
17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028
17.3.1. By Country
17.3.1.1. Australia
17.3.1.2. New Zealand
17.3.2. By Product Type
17.3.3. By Vehicle Type
17.3.4. By Application
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Product Type
17.4.3. By Vehicle Type
17.4.4. By Application
17.5. Market Trends
17.6. Drivers and Restraints – Impact Analysis
18. Middle East and Africa Automotive Remote Diagnostics Market Analysis 2014-2018 and Forecast 2019-2028
18.1. Introduction
18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
18.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019-2028
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. Turkey
18.3.1.3. Northern Africa
18.3.1.4. South Africa
18.3.1.5. Rest of Middle East and Africa
18.3.2. By Product Type
18.3.3. By Vehicle Type
18.3.4. By Application
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Product Type
18.4.3. By Vehicle Type
18.4.4. By Application
18.5. Market Trends
18.6. Drivers and Restraints – Impact Analysis
19. Emerging Countries Automotive Remote Diagnostic Market Analysis 2014-2018 and Forecast 2019-2028
19.1. Introduction
19.1.1. Market Value Proportion Analysis, By Key Countries
19.1.2. Global Vs. Country Growth Comparison
19.2. China Automotive Remote Diagnostic Market Analysis
19.2.1. Introduction
19.2.2. PEST Analysis
19.2.3. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.2.3.1. By Product Type
19.2.3.2. By Vehicle Type
19.2.3.3. By Application
19.3. India Automotive Remote Diagnostic Market Analysis
19.3.1. Introduction
19.3.2. PEST Analysis
19.3.3. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.3.3.1. By Product Type
19.3.3.2. By Vehicle Type
19.3.3.3. By Application
19.4. Indonesia Automotive Remote Diagnostic Market Analysis
19.4.1. Introduction
19.4.2. PEST Analysis
19.4.3. Market Volume (Units) and Value (US$ Mn) Analysis and Forecast by Market Taxonomy
19.4.3.1. By Product Type
19.4.3.2. By Vehicle Type
19.4.3.3. By Application
20. Market Structure Analysis
20.1. Market Analysis by Tier of Companies (Automotive Remote Diagnostic)
20.2. Competition Analysis
20.3. Competition Dashboard
20.4. Competition Benchmarking
20.5. Competition Deep Dive
20.5.1. Robert Bosch GmbH
20.5.1.1. Overview
20.5.1.2. Product Portfolio
20.5.1.3. Profitability by Market Segments (Product/Channel/Region)
20.5.1.4. Sales Footprint
20.5.1.5. Strategy Overview
20.5.1.5.1. Marketing Strategy
20.5.1.5.2. Product Strategy
20.5.1.5.3. Channel Strategy
20.5.2. Continental AG
20.5.2.1. Overview
20.5.2.2. Product Portfolio
20.5.2.3. Profitability by Market Segments (Product/Channel/Region)
20.5.2.4. Sales Footprint
20.5.2.5. Strategy Overview
20.5.2.5.1. Marketing Strategy
20.5.2.5.2. Product Strategy
20.5.2.5.3. Channel Strategy
20.5.3. Luxoft
20.5.3.1. Overview
20.5.3.2. Product Portfolio
20.5.3.3. Profitability by Market Segments (Product/Channel/Region)
20.5.3.4. Sales Footprint
20.5.3.5. Strategy Overview
20.5.3.5.1. Marketing Strategy
20.5.3.5.2. Product Strategy
20.5.3.5.3. Channel Strategy
20.5.4. ACTIA Group
20.5.4.1. Overview
20.5.4.2. Product Portfolio
20.5.4.3. Profitability by Market Segments (Product/Channel/Region)
20.5.4.4. Sales Footprint
20.5.4.5. Strategy Overview
20.5.4.5.1. Marketing Strategy
20.5.4.5.2. Product Strategy
20.5.4.5.3. Channel Strategy
20.5.5. Tech Mahindra Limited
20.5.5.1. Overview
20.5.5.2. Product Portfolio
20.5.5.3. Profitability by Market Segments (Product/Channel/Region)
20.5.5.4. Sales Footprint
20.5.5.5. Strategy Overview
20.5.5.5.1. Marketing Strategy
20.5.5.5.2. Product Strategy
20.5.5.5.3. Channel Strategy
20.5.6. Softing AG
20.5.6.1. Overview
20.5.6.2. Product Portfolio
20.5.6.3. Profitability by Market Segments (Product/Channel/Region)
20.5.6.4. Sales Footprint
20.5.6.5. Strategy Overview
20.5.6.5.1. Marketing Strategy
20.5.6.5.2. Product Strategy
20.5.6.5.3. Channel Strategy
20.5.7. HARMAN International
20.5.7.1. Overview
20.5.7.2. Product Portfolio
20.5.7.3. Profitability by Market Segments (Product/Channel/Region)
20.5.7.4. Sales Footprint
20.5.7.5. Strategy Overview
20.5.7.5.1. Marketing Strategy
20.5.7.5.2. Product Strategy
20.5.7.5.3. Channel Strategy
20.5.8. Infineon Technologies AG
20.5.8.1. Overview
20.5.8.2. Product Portfolio
20.5.8.3. Profitability by Market Segments (Product/Channel/Region)
20.5.8.4. Sales Footprint
20.5.8.5. Strategy Overview
20.5.8.5.1. Marketing Strategy
20.5.8.5.2. Product Strategy
20.5.8.5.3. Channel Strategy
20.5.9. Vector Informatik GmbH
20.5.9.1. Overview
20.5.9.2. Product Portfolio
20.5.9.3. Profitability by Market Segments (Product/Channel/Region)
20.5.9.4. Sales Footprint
20.5.9.5. Strategy Overview
20.5.9.5.1. Marketing Strategy
20.5.9.5.2. Product Strategy
20.5.9.5.3. Channel Strategy
20.5.10. OnStar
20.5.10.1. Overview
20.5.10.2. Product Portfolio
20.5.10.3. Profitability by Market Segments (Product/Channel/Region)
20.5.10.4. Sales Footprint
20.5.10.5. Strategy Overview
20.5.10.5.1. Marketing Strategy
20.5.10.5.2. Product Strategy
20.5.10.5.3. Channel Strategy
20.5.11. Transics
20.5.11.1. Overview
20.5.11.2. Product Portfolio
20.5.11.3. Profitability by Market Segments (Product/Channel/Region)
20.5.11.4. Sales Footprint
20.5.11.5. Strategy Overview
20.5.11.5.1. Marketing Strategy
20.5.11.5.2. Product Strategy
20.5.11.5.3. Channel Strategy
20.5.12. Verizon Communications
20.5.12.1. Overview
20.5.12.2. Product Portfolio
20.5.12.3. Profitability by Market Segments (Product/Channel/Region)
20.5.12.4. Sales Footprint
20.5.12.5. Strategy Overview
20.5.12.5.1. Marketing Strategy
20.5.12.5.2. Product Strategy
20.5.12.5.3. Channel Strategy
20.5.13. Eaton
20.5.13.1. Overview
20.5.13.2. Product Portfolio
20.5.13.3. Profitability by Market Segments (Product/Channel/Region)
20.5.13.4. Sales Footprint
20.5.13.5. Strategy Overview
20.5.13.5.1. Marketing Strategy
20.5.13.5.2. Product Strategy
20.5.13.5.3. Channel Strategy
20.5.14. IBM Corporation
20.5.14.1. Overview
20.5.14.2. Product Portfolio
20.5.14.3. Profitability by Market Segments (Product/Channel/Region)
20.5.14.4. Sales Footprint
20.5.14.5. Strategy Overview
20.5.14.5.1. Marketing Strategy
20.5.14.5.2. Product Strategy
20.5.14.5.3. Channel Strategy
20.6. Profile Snapshots (46 Leading Companies)
21. Assumptions and Acronyms Used
22. Research Methodology
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Automotive Remote Diagnostics Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2028