Remote Diagnostics Devices Market Share, Analysis, Growth and Industry Research Report, 2017 – 2024: Global Market Insights Inc.

Remote Diagnostics Devices Market size is anticipated to witness significant growth from 2017 to 2024. Increase in global sales of hybrid and electric vehicles will primarily drive the industry size. Rising demand for luxury passenger cars, increasing sales of premium vehicle, and need for emergency support will further escalate the growth of remote diagnostic devise market till 2024.

One of the key challenges that the industry faces is privacy concerns and data security. Due to rising number of electronic components in the automobiles, an additional data has to be detected on an immediate basis. The requirement to provide real time information will result in threat of cybersecurity which will further hinder the growth of vehicle diagnostics market.

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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.

By application, the industry 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.

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.

The industry growth in China is attributed to its vast population in respect with rising disposable income for personal transportation that remains unmet using traditional technologies. the market is expected to grow at a high rate in countries such as China, India, South Korea, Japan. Due to its sizable population and increasing disposable income this region has the highest vehicle production in the world.

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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. Industry players focus on collaborating with major local organizations to focus on new product development to increase their presence in vehicle diagnostic market globally.

Remote Diagnostics Devices Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, Italy, France, Spain, Italy, Russia, Poland, China, India, Japan, Australia, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, Qatar, Kuwait, UAE), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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