Press release
Global Automotive Remote Diagnostics Market to Create an Absolute $ Opportunity of US$ 25.7 Bn by 2028
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. 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.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, 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.
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.
• 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
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4629
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.
Product
• Diagnostics Equipment
• Software
Application
• Vehicle System & Component Access
• Vehicle Health Tracking & Diagnosis
• Service Assistance
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/10/03/1924808/0/en/Increasing-Commuter-Preference-for-Shared-Taxi-Will-Boost-the-Demand-for-Minibus-Finds-Fact-MR.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.
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 Global Automotive Remote Diagnostics Market to Create an Absolute $ Opportunity of US$ 25.7 Bn by 2028 here
News-ID: 2346814 • Views: …
More Releases from Fact.MR
Deburring Machine Market Outlook 2026-2036: Strategic Trends, Innovation Drivers …
The global deburring machine market is poised for steady expansion over the next decade, driven by rising expectations for precision manufacturing, tighter dimensional tolerances, and higher product-quality standards across automotive, aerospace, industrial machinery, electronics, and metal fabrication sectors. Deburring machines-used to remove sharp edges, burrs, and surface imperfections from metal and plastic components-are essential for ensuring safety, functionality, and compliance with OEM standards. As automation, robotics, and digitally controlled manufacturing…
Copper Wire Market Report 2026-2036: High-Value Insights for Strategy, Product D …
The global copper wire market is set for robust growth through 2035 as electrification, renewable energy projects, infrastructure upgrades, telecommunications expansion, and electrified transport all drive heavy demand. Copper wire remains the preferred conductor for electrical transmission, building wiring, industrial cabling, and vehicle harnesses because of its excellent electrical conductivity, thermal performance, durability, and recyclability. As countries invest in grid modernization, EV charging networks, data centers, and building modernization, copper…
Companion Animal Infectious Disease Diagnostics Market: Technology Evolution, Re …
The companion animal infectious disease diagnostics market - covering diagnostic tests for dogs, cats, and other pets to detect viral, bacterial, parasitic and other infections - is poised for robust growth over the next decade. As pet ownership rises globally and pet humanization grows, demand for accurate, rapid, and reliable diagnostic tools in veterinary clinics and reference laboratories is accelerating. Increasing awareness about pet health, preventive care, routine screening, and…
USA Automated Guided Cart Market Deep-Dive 2026-2036: Strategic Forecasts, Marke …
The U.S. market for automated guided carts (AGCs) - compact, driverless material-handling vehicles optimized for low- to mid-range payloads - is poised for rapid expansion as manufacturers, automotive plants, logistics centres, and e-commerce fulfilment operations pursue higher throughput, lower labour dependency, and safer shop-floor environments. AGCs deliver flexible, low-cost automation for repetitive intra-site transport tasks and are increasingly used alongside conveyors, automated guided vehicles (AGVs), and AMRs to form hybrid…
More Releases for Vehicle
Transformative Trends Impacting the Vehicle-to-Vehicle (V2V) Communication Marke …
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.
How Large Will the Vehicle-to-Vehicle (V2V) Communication Market Size By 2025?
The size of the vehicle-to-vehicle (V2V) communication market has seen significant expansion in the most recent years. The market is projected to surge from $24.28 billion in 2024 to $27.1 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 11.6%. The…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to the report published by Allied Market Research, the global electric vehicle motor market generated $5.5 billion in 2021, and is estimated to reach $34.4 billion by 2031, witnessing a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the growth of the Asia-Pacific market. Moreover, various technological…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
According to a recent report published by Allied Market Research, titled,"Truck Platooning Market by Technology, Platooning Type, and Communication Technology: Global Opportunity Analysis and Industry Forecast, 2018 - 2025,"the global truck platooning market size was valued at $500.9 million in 2017, and is projected to reach $4,590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025.
To Explore More, Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5245
Global truck platooning market is segmented…
Electric Vehicle Motor Market : Battery Electric Vehicle, Plugin Hybrid Vehicle, …
According to a new report published by Allied Market Research, titled, "Electric Vehicle Motor Market," The global electric vehicle motor market was valued at $5.5 billion in 2021, and is projected to reach $34.4 billion by 2031, growing at a CAGR of 20.3% from 2022 to 2031.
Asia-Pacific is expected to dominate the global electric vehicle motor market. An increase in vehicle population and a rise in vehicle standards fuel the…
Electric Vehicle Power Inverter Market : Hybrid Vehicle, Plug in Hybrid Vehicle, …
The electric vehicle power inverter market was valued at $8.67 billion in 2021, and is estimated to reach $22.25 billion by 2031, growing at a CAGR of 10.4% from 2022 to 2031.
Download Sample Report at https://www.alliedmarketresearch.com/request-sample/9122
Factors that drive the growth of the electric vehicle power inverter market are increase in demand for electric vehicles, proactive government initiatives for the development of electric vehicle, and surge in demand for low-emission and…
Truck Platooning Market : Vehicle-to-infrastructure (V2I), Vehicle-to-vehicle (V …
The global truck platooning market size was valued at $500.9 million in 2017 and is projected to reach $4590.3 million by 2025, registering a CAGR of 32.4% from 2018 to 2025 by Technology (Adaptive Cruise Control (ACC), Blind Spot Warning (BSW), Global Positioning System (GPS), Forward Collision Warning (FCW), Lane Keep Assist (LKA), and Others), Platooning type (Driver-Assistive Tuck Platooning (DATP) and Autonomous Truck Platooning), and Communication Technology (Vehicle-to-infrastructure (V2I),…
