Automotive Remote Diagnostics: Solution for the Progressive Consumer
Automotive remote diagnostics is gaining prominence among consumers as well as OEMs, due to the number of benefits offered by these solutions. The adoption of automotive remote diagnostics helps in significantly reducing service downtime and maintenance, as it identifies the problem beforehand and offers an efficient on-point and on-time solution. This, in turn, is expected to be the primary factor driving the automotive remote diagnostics market, worldwide. Also, the eventual growth of the automotive industry, coupled with growing IoT adoption in vehicles, and connected car eco-systems, is predicted to lead a surge in the demand for automotive remote diagnostics.Top 3 Factors in the Automotive Remote Diagnostics Market
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Players Creating New Roles in the Industry
Automobile manufacturers are becoming software developers, or they are collaborating with prominent telecom players in order to move towards telematics to offer data-related solutions such as automotive remote diagnostics
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Breakneck Progress in the Data- & IoT-Driven Automotive Industry
In recent years, data has become the most valuable asset. The installation/adoption of automotive remote diagnostics enables the collection of a sea of data from each and every vehicle, which, in turn, helps manufacturers and IoT solution providers take decisions. This augments the demand for automotive remote diagnostics.
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Demand for LCVs is Creating Opportunities for Automotive Remote Diagnostics
Luxury commercial vehicles are experiencing a surge in demand in regions such as Europe, North America, and Asia Pacific, due to the growing per capita income and rapid urbanization in countries such as India and China. This is providing a huge growth opportunity for automotive remote diagnostic providers, as luxury and high-end cars are the prominent applications of remote diagnostics. In order to develop advanced luxury commercial vehicles, automobile manufacturers are integrating remote diagnostic services to improve the overall experience of driving the vehicle, and to differentiate their brand from other competitors.
Automotive Remote Diagnostics Market Structure Analysis
- Europe and North America are pegged to be prominent markets for automotive remote diagnostics, owing to well-established technology and high adoption rates in these regions. However, developing regions such as East Asia are expected to outpace other regions in terms of growth, owing to the high penetration and adoption of automotive remote diagnostics.
- The global automotive remote diagnostics market is unorganized, owing to the global presence of numerous players.
- Under the scope of the automotive remote diagnostics market research, it has been identified that, the organized sector holds more than 40% of the global automotive remote diagnostics market share. The organized sector in the automotive remote diagnostics market consists of tier-1 and tier-2 manufacturers of automotive remote diagnostics.
- Some of the tier-1 companies identified across the automotive remote diagnostics market value chain are Continental AG, Robert Bosch GmbH, Tech Mahindra Limited, Vector Informatik GmbH, Siemens AG, and IBM.
Market Set to Grow 4.6X between 2018 and 2028
The automotive remote diagnostics market is estimated to experience healthy growth over the stipulated period. The automotive remote diagnostics market is considered to be a high-volume market, and moderate changes in prices are expected during the forecast period. Also, the automotive remote diagnostics market is estimated to grow, due to rising concerns regarding maintenance downtime in automotive vehicles.
Emerging Regions to Create Lucrative Opportunities
Europe, North America, and East Asia are expected to be the leading regions in terms of market share in the global automotive remote diagnostics market, owing to their significant inclination towards technology adoption and significant vehicle fleets. Growing IoT adoption and automobile sales in emerging countries are expected to propel the growth of the automotive remote diagnostics market in emerging countries such as China, India, and Indonesia. Amongst these emerging countries, India is stipulated to register notable growth in the automotive remote diagnostics market over the forecast period. Hence, the emergence of these East Asian countries is estimated to contribute towards to the substantial growth of the automotive remote diagnostics market in East Asia.
The Broader Perspective
The ongoing digital transformation is changing the face of the automobile industry. Connected vehicles have created a new ecosystem within the automotive industry. Within the new ecosystem, automotive OEMs are implementing next generation technologies such as mobility management, vehicle management, driver assistance, and safety technologies with vehicles. Across the industry, companies are adopting new ways of establishing a collaboration to accelerate innovation in connected vehicle technologies. These next generation technological advancements are creating demand for connected vehicles across the globe. Thus, the demand for automotive remote diagnostics has increased substantially for application in connected vehicles.The diagnostics equipment segment in the automotive remote diagnostics market is projected to lead the market share.
The software segment in the automotive remote diagnostics is estimated to register a robust growth rate in terms of CAGR during the forecast period.
Cumulatively, by the end of the forecast period, the vehicle system & component access and vehicle health tracking & diagnosis segments are expected to hold over 80% share of the global automotive remote diagnostics market.
The remaining demand is expected to be created by the service assistance segment in the global automotive remote diagnostics market.
How Growth will Unfold
In terms of year-over-year growth rate, the passengers cars segment is projected to witness a sluggish growth rate during the latter half of the forecast period, whereas, the HCVs segment is projected to experience significant traction in the global automotive remote diagnostics market.
Passenger Cars Automotive Remote Diagnostics | LCVs Automotive Remote Diagnostics | HCVs Automotive Remote Diagnostics
* This data is only a representation. Actual data may vary and will be available in report.
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Overview
Automotive Remote Diagnostics Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028
A recent market study published by FMI “Automotive Remote Diagnostics Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the automotive remote diagnostics market, the growth prospects of the market are obtained with maximum precision.
Automotive Remote Diagnostic Market Taxonomy
The global automotive remote diagnostics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach in front of the reader.
By Product Type
- Equipment
- Software
By Vehicle Type
- Passenger Cars
- Compact
- Mid-Sized
- Luxury
- SUVS
- Light Commercial Vehicles (LCVs)
- Heavy Commercial Vehicles (HCVs)
By Application
- Vehicle System & Component Access
- Vehicle Health Tracking & Diagnosis
- Service Assistance
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
What's Included
The report begins with executive summary of automotive remote diagnostics market, which contains a summary of key research findings, demand side trends as well as supply side trends. It also includes the market size estimates, in US$ million, of key segments in automotive remote diagnostics market.
This section includes detailed market taxonomy and definition of automotive remote diagnostics market, which will help understand basic information and key inclusions considered in automotive remote diagnostics market report.
The report provides key market trends that are expected to impact the automotive remote diagnostics market growth significantly during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations.
It includes product adoption & usage analysis and manufactures strategies for market expansion.
This section explain the global market volume analysis and forecast for the automotive remote diagnostics market between the forecast periods of 2018-2028 is highlights in this section.
This section highlights the average price of automotive remote diagnostics as per product type, in different regions across the world. The pricing benchmark for manufacturer level pricing is analyzed in this section.
This section explain the global market value analysis and forecast for the automotive remote diagnostics market for the forecast period of 2018-2028 is highlighted in this section. This chapter includes the detailed analysis of the historical automotive remote diagnostics market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2018-2019), and an incremental opportunity for the forecast period (2018 – 2028).
Key macro-economic factors which are anticipated to influence the automotive remote diagnostics market growth over the forecast period. This chapter also highlights the prominent market dynamics, drivers, restraints and opportunity analysis, of automotive remote diagnostics market. Moreover, readers will understand key developments and trends followed by the leading players in the automotive remote diagnostics market.
Based on product type, the automotive remote diagnostics market has been segmented into two types; Equipment and Software. In this chapter, the reader can find information about the adoption trend of automotive remote diagnostics market in each product type, as well as market attractiveness analysis based on the vehicle type.
This chapter provides details about the automotive remote diagnostics market on the basis of width type, and has been classified into passenger cars, light commercial vehicles (LCVs), and heavy commercial vehicles (HCVs) type automotive remote diagnostics. In this section, readers will be able to understand the automotive remote diagnostics market attractive analysis based on product type.
This section of the automotive remote diagnostics market offers details on the basis of their application; vehicle system & component access, vehicle health tracking & diagnosis, and service assistance thereby enabling the reader or the user to have an in-depth idea about the industry trends.
A detailed analysis of automotive remote diagnostics across various geographic regions, such as North America, Latin America, Europe, East Asia, South Asia, and the Middle East & Africa (MEA) is provided in this section.
This chapter includes a detailed analysis of the growth of the North America automotive remote diagnostics market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the end users and countries in North America automotive remote diagnostics market.
Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America automotive remote diagnostics market. This chapter also includes the growth prospects of the automotive remote diagnostics market in the leading LATAM countries such as Brazil, Mexico and the Rest of Latin America.
Important growth prospects of the automotive remote diagnostics market based on its end users in several countries, such as Nordic Countries, Germany, the UK, France, Russia, and the Rest of Europe, are included in this chapter.
India, ASEAN, Oceania and Rest of South Asia are the leading countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia automotive remote diagnostics market in this chapter. Readers can find detailed information about the growth parameters of the South Asia automotive remote diagnostics market during the period 2018-2028.
This chapter highlights the growth of the Automotive Remote Diagnostics market in the East Asia by focusing on China, Japan and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the automotive remote diagnostics market in East Asia.
This chapter highlights the growth of the automotive remote diagnostics market in Oceania by focusing on Australia and New Zealand. This section also helps readers understand the key factors that are responsible for the growth of the automotive remote diagnostics market in the said region.
This chapter provides information about how the automotive remote diagnostics market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, and Rest of MEA, during the forecast period 2018 - 2028.
This chapter provides information about how the automotive remote diagnostics market will grow in the major countries in the East Asia and South Asia region, such as China, Indonesia, and India, during the forecast period 2018 - 2028.
In this chapter, readers can find a detailed information about the tier analysis and market concentration of the key players in the automotive remote diagnostics market along with their market presence analysis by region and product portfolio.
In this chapter, readers can find a comprehensive list of all the leading stakeholders in the automotive remote diagnostics market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the automotive remote diagnostics market players featured in the report are Robert Bosch GmbH, Tech Mahindra Limited, Continental AG, OnStar LLC, Vector Informatik GmbH, Transics, Verizon, ACTIA Group, Softing AG, Magneti Marelli S.p.A., IBM, and Harman International, among others.
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the automotive remote diagnostics report.
This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the automotive remote diagnostics market.
How the research was conducted?
Primary Research
- C - Level Executives
- Marketing Directors
- Sales Heads
- Product Line Managers
- Procurement Heads
- Channel Managers
- Sales Executives
- Product Manufacturers
- Distributors
- Traders / Importers
- Raw Material / Component Providers
- Aftersales Service Providers
- Industry Experts
- End Users
- Assemblers / integrators
- Current Market Dynamics and Challenges
- Market Characteristics
- Market Performance and Growth Quadrants
- Competition Structure and Market Structure
- Strategic Growth Initiatives
- Near term and long term market growth prospects
- Market Segment Splits and Authenticity
- Opinions on market projections and validity of assumptions
Secondary Research
- Industry Magazines
- Industry Associations
- OICA
- JAMA
- SAE
- APRA
- Factiva
- Company Press Releases
- Annual Reports and Investor Presentations
- Research Papers
- Government Websites and Publications
- Trade Websites
World Bank, UNIDO, IMF
Primary Interview Splits
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