Automotive Remote Diagnostics Market Research Report Information by Product Type (Diagnostic Equipment and Software), Connectivity (3G, 4G LTE, Wi-Fi and Bluetooth), Vehicle Type (Passenger Car and Commercial Vehicle), Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert and Roadside Assistance) - Forecast till 2030

Automotive Remote diagnostics Market Overview

Automotive Remote Diagnostics Market in terms of value is estimated to register 15% CAGR during the forecast period.

The global automotive remote diagnostics market is expected to witness rapid growth during the forecast period. North America is expected to be the dominating region in the automotive remote diagnostics market owing to the increasing adoption and implementation of connected services across vehicle applications. Moreover, the stringent regulations in the region governed by the Commercial Vehicle Safety Alliance (CVSA) are expected to play an important role in the demand for automotive remote diagnostics.

In 2018, Europe held the second-largest market share in the global automotive remote diagnostics market. The rise in the growth of sales for the luxury and commercial vehicles across the region is driving the demand for automotive remote diagnostics among OEMs and aftermarket players. Moreover, the manufacturers are investing in the Europe market due to the concerns regarding vehicle performance in the region. For instance, in September 2016, at Automechanika Frankfurt, WABCO revealed remote diagnostics pilot for commercial vehicles aimed to enhance safety, efficiency, and connectivity in the vehicles. This increased investment and growing development in the product are further expected to increase adoption of automotive remote diagnostics across the regional countries during the forecast period.

Segmentation:

The global market for automotive remote diagnostics is segmented based on product type, connectivity, vehicle type, and application. On the basis of product type the global automotive remote diagnostics market is divided into diagnostic equipment and software. The diagnostic equipment segment held the largest market share in 2018 as this segment has been witnessing significant growth in the demand for automotive remote diagnostics owing to the growing requirement of equipment in automotive remote diagnostics system. The diagnostic equipment includes the electronic control unit, GPS modules, microcontrollers, LED, GSM antenna, GPS antenna, and storage system, sensors and the CAN (Controller Area Network) car bus interface. Such diagnostic equipment needs to be connected with software in order to operate and give required result in the automotive remote diagnostic.

On the basis of connectivity, the global automotive remote diagnostics market is segmented into 3G, 4G LTE, Wi-Fi, and Bluetooth. The Bluetooth segment is expected to hold the maximum market share, due to increasing demand for Bluetooth connected automotive remote diagnostics. The Bluetooth connectivity includes the CAN-Bluetooth module, which communicates with the automobile electronic control unit (ECU) via OBD interface (CAN bus) to read the information from ECU. Then the information is converted into Bluetooth data and sent to a smart phone with Bluetooth function.

On the basis of vehicle type, the global automotive remote diagnostics market is segmented into passenger car and commercial vehicles. The passenger car segment is expected to hold the maximum market share due to increased use of such systems to meet the demand for convenience and safety features in the passenger cars. The demand for passenger safety from individual users and from government norms are driving the growth of this segment. Furthermore, a rise in integration of IoT and focus on reducing maintenance cost and downtime add to the market growth. For vehicle tracking, trip analysis remote diagnostic system is required. For electric passenger cars, there is need of remote diagnostic system to provide status of battery, range, charging station to owner. Such factors are expected to drive the global automotive remote diagnostics market during the forecast period.

On the basis of application, the global automotive remote diagnostics market is segmented into automatic crash notification, vehicle tracking, vehicle health alert, and roadside assistance. The roadside assistance segment is expected to hold the maximum market share, due to increased demand for convenience features while driving and the need to mitigate sudden breakdown. Roadside assistance enables the responders to get real-time information directly from the vehicle and offer the repairs, car towing and breakdown services. This application offers the 24x7 emergency services, which are offered in case of breakdown of a vehicle. Roadside assistance reduces the inconvenience caused due to any failure of a car by providing different services such as on-site assistance, flat tire, towing, dead battery, and fuel delivery services.

Regional Analysis:

On the basis of region, the global automotive remote diagnostics market is segmented as North America, Europe, Asia-Pacific (APAC), and the rest of the world.

Key Competitors:

The key players of the global automotive remote diagnostics market are Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Technologies (UK), Onstar LLC (US), Tech Mahindra Limited (India), Magneti Marelli S.p.A. (Italy), Snap-on Incorporated (US), Softing AG (Germany), Vidiwave Ltd (UK), Vector Informatik GmbH (Germany), Otonomo (Israel), and DSA Daten- und Systemtechnik GmbH (Germany)

Global Automotive Remote Diagnostics Market, by Region, 2018

Source: MRFR Analysis

North America is expected to witness remarkable growth in the automotive remote diagnostics market, owing to Increase adoption and implementation of connected services across vehicle applications. Moreover, the domestic OEMs such as Volvo Trucks North America and Daimler Trucks North America LLC have invested heavily into incorporating automotive remote diagnostics as a standard feature in the vehicles to meet the need to reduce maintenance and service downtime in vehicles. For instance, in October 2018, Volvo Trucks collaborated with SAS to enhances the quality and functioning of remote diagnostics through advanced analytics and artificial intelligence (AI). The collaboration was aimed to reduce diagnostic service time by 70% and repair time by 25%. Moreover, the stringent regulations in the region governed by the Commercial Vehicle Safety Alliance (CVSA) are expected to play an important role in the demand for automotive remote diagnostics.

The US accounts for a major development of automotive remote diagnostics in North America. The automotive remote diagnostics industry in the US is witnessing significant growth rate for the past few years. The other prominent factors leading to the growth of the automotive remote diagnostics market in the US are the increase in manufacturing companies, expansion of the transportation industry, and the introduction of new technologies for automotive remote diagnostics.

Synopsis:

The global automotive remote diagnostics market has been segmented based on product type, connectivity, vehicle type, application, and region. On the basis of product type, the global automotive remote diagnostics market is segmented into diagnostic equipment and software. The diagnostic equipment segment is expected to dominate the market, due to growing requirement of equipments in the automotive remote diagnostics.

Market Segmentation

• By Product Type – Diagnostic Equipment and Software


• By Connectivity – 3G, 4G LTE, Wi-Fi, and Bluetooth


• By Vehicle Type – Passenger Car and Commercial Vehicle


• By Application – Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, and Roadside Assistance

Key Questions Addressed by the Report

• What was the historic market size (2018)?


• Which segmentation (Product Type / Connectivity / Vehicle Type/ Application is driving market?


• What will be the growth rate by 2030?


• How are the key players in this market?


• What are the strategies adopted by key players?

Report Scope:

Report Attribute/Metric	Details
Market Size	2030: Significant Value
CAGR	15% CAGR (2022 to 2030)
Base Year	2021
Forecast Period	2022 to 2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Product Type, Connectivity, Vehicle Type and Application
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Robert Bosch GmbH (Germany), Continental AG (Germany), Delphi Technologies (UK), Onstar LLC (US), Tech Mahindra Limited (India), Magneti Marelli S.p.A. (Italy), Snap-on Incorporated (US), Softing AG (Germany), Vidiwave Ltd (UK), Vector Informatik GmbH (Germany), Otonomo (Israel), and DSA Daten- und Systemtechnik GmbH (Germany)
Key Market Opportunities	This increased investment  Growing development in the product
Key Market Drivers	The demand for automotive remote diagnostics

Frequently Asked Questions (FAQ) :