Global Remote Diagnostic Market is expected to reach US$42.04 bn by 2025

Remote vehicle diagnostics solutions help in determining the root source of the vehicle problem, monitoring the health of the vehicle, and provides real time information of vehicle limitations to evaluate its performance against benchmarks. The solution monitors the health of commercial vehicles, electric vehicles, and utility vehicles and delivers insights to field support staff to define the root source of the vehicle problem. It also allows customers to access information about the vehicle.

Increasing demand for Real Driving Emission Test is one of the important key trends in the global remote diagnostic market. Real Drive Emission test is not likely to replace laboratory tests; however, it will be complementary to lab tests. This system is likely to be used to reconfirm the results of the tests conducted in laboratories and is expected to ensure that the vehicles deliver low pollutant emissions both on the road as well as in laboratory. Definite equipment installed on the vehicle accumulate data to verify that legislative caps for pollutants like NoX does not surpass.

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Increasing OEM pressure for better vehicle performance is bolstering the demand of remote diagnostic market during the forecast period. Remote diagnostics is an important factor in the automotive industry today. Majority of vehicle manufacturers (OEM’s) have a system in place which permits fleets to monitor the health of vehicles in real time. Although the details of the systems differ, they all let the fleet to identify which vehicles are operating as they are supposed to, those that are in the workshop for repair, along with information about the problem, and which vehicles are on the road and have problems. Remote diagnostic features enables the corporate maintenance team to work with their in-house shops and drivers, to proactively address and assess issues. This radically decreases downtime and delivers better performance of the vehicles. Moreover, it contributes to customer and driver satisfaction, as well as decreases costs associated with towing and road breakdowns.

Advancement in the existing technology is likely to create opportunities in the remote diagnostic market globally. In terms of advancement, the transportation industry has been certainly sluggish. With the development of wireless communication and telematics that are not only easily available but are also lower in price, the remote diagnostic market is expanding substantially. On-board diagnostics in cars is not a new concept. However, with new technologies, the on-board diagnostics installed is likely to find other uses. As the years go by, it is expected that more functionality takes advantage of on-board diagnostics right from the dashboard.

Global Remote Diagnostic Market: Market Segmentation

In terms of application, the remote diagnostic market has been bifurcated into roadside assistance, vehicle tracking, vehicle state alert, crash notification, training assistance, training assistance and others. On the basis of vehicle type, the market is bifurcated into commercial vehicles and passenger vehicles. On the basis of connectivity, the market bifurcation comprises Bluetooth, 3G/4G and Wi-Fi. The geographical bifurcation includes North America, Asia Pacific, Middle East and Africa, Europe and Latin America. North America accounted for the highest market revenue in 2016 due to the increasing adoption of innovation, advanced technology and stringent regulations for vehicle safety, emissions, and fuel economy. Asia Pacific is the fastest growing region globally during the forecast period. Increasing penetration of hybrid vehicles is driving the demand of remote diagnostics market in the Asia Pacific region. China accounted for the highest market revenue in 2016. Increasing import of vehicles is boosting the demand of remote diagnostics in China.

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Global Remote Diagnostic Market: Competitive Landscape

The major key players in the remote diagnostic market encompasses Robert Bosch GmbH, Continental AG, OnStar LLC, Mercedes-Benz, Magneti Marelli S.p.A., Delphi Automotive PLC, Softing AG, Voxx International Corporation, Vector Informatik GmbH and Vidiwave Ltd. among others.

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This release was published on openPR.