Press release
Demand for LCVs to Create Robust Opportunities for Automotive Remote Diagnostics Through 2028: Explores Fact.MR study
The global automotive remote diagnostics market surpassed a valuation of US$7.1 Bn in 2019 and is estimated to create an absolute $ opportunity of more than US$ 25.7 Bn by the end of forecast period.Click here to Get Complete Synopsis of the Report - https://www.factmr.com/report/4629/automotive-remote-diagnostics-market
The demand for automotive remote diagnostics is on the rise owing to the need for improved vehicle performance coupled with connected services across myriad vehicle applications.
Furthermore, increasing focus of automotive manufacturers towards IoT (Internet of Things) in vehicles has enabled them to offer various features like remotely monitoring the condition of the vehicle which is foreseen to bolster the growth of the automotive remote diagnostics market.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4629
Furthermore, the governments of various countries are setting up regulations for connected car systems which in turn is expected to have an intermediate effect on the demand for the automotive remote diagnostics equipment.
For instance, in 2018, the European Union made it mandatory to have an emergency call (eCall) alert system fitted in cars and light commercial vehicle. Fact.MR in its latest report projects that the global automotive remote diagnostics market is projected to grow at an astounding value CAGR of ~17.8% during the forecast period (2019-2028).
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4629
Key Takeaways of Automotive Remote Diagnostics Market
• The global vehicle health tracking and diagnosis segment is estimated to create an absolute $ opportunity of more than US$12.2 Bn and is foreseen to contribute a value CAGR of 20.5% during the forecast period (2019-2028)
• East Asia is projected to witness a higher growth rate as compared to the rest of the regions in the markets, with a CAGR of 20.8% between 2019 and 2028.
For in-depth competitive analysis, buy now - https://www.factmr.com/checkout/4629/S
• Light Commercial Vehicles (LCV) are projected to be valued at US$25.9 Bn and is expected to be value 7.7X more than Heavy Commercial Vehicles (HCV)
• Europe is anticipated to be the market leader in the global automotive diagnostics market by 2028 end with a 33% market share in terms of value
“Growing focus on improving vehicle safety and performance coupled with effective integration of technology is foreseen to open new growth avenues for automotive remote diagnostic market” says the Fact.MR analyst
Read More Trending and Similar Reports from Fact.MR – http://www.globenewswire.com/en/news-release/2019/07/24/1887142/0/en/Sales-of-Automotive-Actuators-Sparked-Higher-Due-to-Swelling-Demand-for-Compact-Passenger-Cars-reports-Fact-MR-study.html
Industry Players Focusing on Regional Expansion
The report reveals some of the prominent key players, including Robert Bosch GmbH, Continental AG, Luxoft, ACTIA Group, Tech Mahindra Limited, Softing AG, HARMAN International, Infineon Technologies AG, Vector Informatik GmbH, OnStar, Transics, Verizon Communications, Eaton and IBM Corporation, among others. Prominent manufacturers are focusing on expansion to strengthen their global presence.
For comprehensive insights on this market adoption, ask an analyst here - https://www.factmr.com/connectus/sample?flag=AE&rep_id=4629
For instance,
• In February 2019, ACTIA Group invested US$ 12.6 Mn in its Colomiers (France) facility for the deployment of industry 4.0 plant
• In 2018, ACTIA Group inaugurated its new facility in the United States that will help the company to meet their customer expectations and reach them effectively
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1391/global-automotive-remote-diagnostics-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Demand for LCVs to Create Robust Opportunities for Automotive Remote Diagnostics Through 2028: Explores Fact.MR study here
News-ID: 2287032 • Views: …
More Releases from Fact.MR
HFO Blowing Agent Market is Estimated to Grow to USD 2.7 billion in 2026
The global HFO (Hydrofluoroolefin) Blowing Agent Market is forecast to grow substantially over the coming decade, driven by stringent environmental regulations, rising demand for energy-efficient insulation materials, and accelerated adoption of low-global-warming-potential (GWP) technologies across construction, refrigeration, and automotive sectors. Industry analysts estimate that the market, valued at approximately USD 1.9 billion in 2025, is expected to exceed USD 3.6 billion by 2035, registering a compound annual growth rate (CAGR)…
Ultra-High Purity Electronics Grade PEEK Market FOrecasted CAGR is 10.4% 2036
The global ultra-high purity (UHP) electronics-grade Polyether Ether Kitone (PEEK) market is projected to grow from USD 215.4 million in 2026 to approximately USD 458.6 million by 2036. This represents a strong compound annual growth rate (CAGR) of 7.8% over the ten-year forecast period.
The market is being driven by the relentless miniaturization of semiconductors and the shift toward 2nm and 3nm process nodes, where even microscopic material impurities can…
Paper Bottles Market CAGR at 7.4% by 2034 | Research Report by Fact.MR
The global paper bottles market is projected to grow from USD 72.1 million in 2026 to approximately USD 154.5 million by 2036. This represents a robust compound annual growth rate (CAGR) of 7.9% over the ten-year forecast period.
The market is being driven by the "Plastic-Free" movement and aggressive sustainability commitments from global beverage and personal care conglomerates seeking to reduce their carbon footprint and plastic waste.
Get Access of Report…
Polymer Seal Industry Forecasted CAGR is 5.4% by 2035 | Fact.MR Report
The global Polymer Seals Market is projected to expand steadily over the next decade, driven by growing demand for reliable sealing solutions across automotive, oil & gas, aerospace, industrial machinery, and construction sectors. Market analysts estimate that the polymer seals industry, valued at approximately USD 22.7 billion in 2025, is expected to reach USD 40.9 billion by 2035, registering a compound annual growth rate (CAGR) of around 6.4% during the…
More Releases for Unit
Global Transcutaneous Electrical Nerve Stimulation Unit Market, Transcutaneous E …
Global Transcutaneous Electrical Nerve Stimulation Unit Market Overview:
The Transcutaneous Electrical Nerve Stimulation Unit market is a broad category that includes a wide range of products and services related to various industries. This market comprises companies that operate in areas such as consumer goods, technology, healthcare, and finance, among others.
In recent years, the Transcutaneous Electrical Nerve Stimulation Unit market has experienced significant growth, driven by factors such as increasing consumer demand,…
Glycol Dehydration Unit Market Glycol Dehydration Unit Market 2028
Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, 'Glycol Dehydration Unit Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028'. Over the forecast years, the global glycol dehydration unit market is expected to show a positive outlook.
The market value is expected to increase at a healthy pace over the forecast period. Based on the glycol type segment, the triethylene glycol segment is…
Biodiesel Processing Unit
While reserves of petroleum are decreasing every passing day, energy consumption is increasing at 6.5% per annum. And for solving this issue many countries are implementing new policies for minimizing the usage of fossil fuels and increase the use of alternative sources like solar power and Biodiesel. Biodiesel is a diesel fuel substitute made from a variety of oils, fats, and greases which can become a cheaper alternative to fossil…
Jackfruit Processing Unit
The fruit processing sector has some undoubtedly potential Business Ideas, and Jackfruits processing is highly recommended because jackfruits are highly perishable tropical fruits, which helps in improving the immunity, replenishes the energy, cardiovascular health, regulates Blood Pressure, Digestion, treats the skin diseases, prevent/control asthma and many more awesome advantages of jackfruit consumption.
Rising demand for processed fruit product for secondary preparations, rising income, and resultant increased spending on food items is…
Pomegranate Processing unit
India is the second largest producer of Pomegranates in the world after Iran, still contributes only 5% pomegranate related international trades. India produces the finest edible Pomegranates, which are available almost throughout the year, which provides a tremendous potential for export of Pomegranate and its products from India.
Processing of the Pomegranates becomes essential in order to increase the utilization and reduce the wastage of the fruit. Pomegranates being rich in…
Coconut Processing Unit
Coconut is an important fruit in the Indian economy as the country is listed among the top Coconut producing countries in the world. The contribution of Coconut is about ₹27900 crore to India’s Gross Domestic Product (GDP).
Today's improved economic stability, spending power, nutritional requirements, and awareness are pushing consumers to shift their preferences.
Currently, Coconut water, Coconut milk/cream and Virgin Coconut Oil (VCO) are expected to be main growth drivers for…
