Global Remote Diagnostics Devices Market Growth 2018 Industry Forecast with Major Companies – Delphi, Magneti Marelli, Continental, Snap-on Tools, Denso

Remote Diagnostics Devices Market is segmented into vehicle health alert, vehicle tracking, automatic crash notification, and roadside assistance. Roadside assistance is a vital application of remote vehicle diagnostics and its predicted to hold a significant revenue share over the next eight years. It provides emergency assistance services in case of a vehicle failure. Provision of the benefits such as automatic source diagnosis in case of vehicle failure and transmission of the analyzed data to the server along with the subjects real-time location will further support the industry dominance.

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Key focus of original equipment manufacturers (OEMs) towards integration of telematics technology is providing the manufacturers with significant scope of opportunities. Bluetooth,3G/4G, and GPS are among the prominent connectivity technologies used in these Devices. These tools connect to the vehicle internal system, and then evaluate the code and information to determine the cause of the problem. They not only check the current issues, but also prevent the upcoming obstacles. These technological advancements in the automotive industry are responsible for inducing immense potential to the industry size till 2024.

Based on connectivity, the remote diagnostic market is segmented into Bluetooth, Wi-Fi, 3G/4G LTE. Bluetooth technology is expected to contribute to the largest revenue share in the remote vehicle diagnostics market over the forecast timeframe. This technology in remote diagnostics links the vehicle to internet via cellular phone for data transmission from the server. 3G /4G LTE connectivity technology is estimated to be the second largest segment of the remote vehicle diagnostics market owing to its advancements in broadband cellular network and high network speed that supports interactive broadband services which is needed in the application of remote diagnostic devices.

Based on vehicle type, the remote diagnostic market is segmented as commercial vehicles and passenger cars. Passenger car segment is forecasted to dominate the market over the coming years owing to its increase in production units globally and advancement in enhanced electric technology for vehicles escalating the remote diagnostic market.

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High acceptance from transport and logistics will positively impact the industry growth owing to the ability of these Devices to count on fleet tracking efficiency and service & management. Various government agencies issue emission standards to control hazardous vehicular emissions. These strict norms for fuel economy and emissions across the globe will provide huge growth prospects for the industry over the forecast timeframe.

Asia pacific is forecasted to dominate the market over the next eight years since the region possess the major automobile industry in the world. The vehicle production is expected to grow over 40 million by 2025. China is the largest automotive market owing to increased adoption rate for hybrid electric vehicles. Chinas passenger vehicle market was 2,12,10,339 units in 2015 which has increased by 14.93 percent to 2,43,76,902 units in 2016.

Europe, led by Germany, UK and France is anticipated to exhibit significant growth owing to  increasing sale of electric vehicles in 2016.Gremany recorded 4.54% increase in production of passenger car units in 2016. Latin America is projected to be a significant contributor to the industry owing to the growth in relation to OEM sales in the region.

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North America, dominated by U.S. is anticipated to capture substantial share  in the market over the coming years due to regional growth that is  associated to rising demand for passenger and commercial vehicles with enhanced features, government regulations for mandatory requirement of onboard diagnostic systems  and presence and involvement of large automobile manufacturers in the region.

Delphi Automotive, Magneti Marelli, Continental AG, Robert Bosch GmbH, and VOXX International Corporation are among the prominent participants in the industry. Other notable players include Vector Informatik, Softing AG, Onstar LLC, Snap-On Inc, and Denso Corporation.

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