Global Automotive Remote Diagnostics Market (2021 to 2026) – Industry Trends, Share, Size, Growth, Opportunity and Forecasts – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Automotive Remote Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.
The global automotive remote diagnostics market reached a value of US$ 58.3 Billion in 2020. Looking forward, the market is expected to reach a value of US$ 73.7 Billion by 2026.
Companies Mentioned
- Aptiv PLC (BorgWarner Inc.)
- AVL DiTEST GmbH (List Capital & Consulting GmbH)
- Continental Aktiengesellschaft
- Magneti Marelli S.p.A. (KKR & Co. Inc.)
- Mercedes-Benz AG (Daimler AG)
- OnStar Corporation (General Motors Company)
- Robert Bosch GmbH (Robert Bosch Stiftung GmbH)
- Snap-On Incorporated
- Softing AG
- Tech Mahindra Limited (Mahindra Group)
- Vector Informatik GmbH
Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Automotive remote diagnostics refers to an automobile system that enables the monitoring of vehicles through a wireless network. The diagnostic equipment is connected to a 3G, 4G or Wi-Fi-based platform that operates and records the data regarding vehicle health. The data is further analyzed by computer software to provide useful insights. This aids in assessing vehicle performance in real-time, minimizing the service time and preventing further failures. As a result, it is commonly used in passenger and commercial vehicles for automatic crash notification, vehicle location tracking, roadside assistance and vehicle health alert system.
Significant growth in the automotive industry represents as one of the key factors driving the growth of the market. Furthermore, increasing emphasis of original equipment manufacturers (OEMs) on the improvement of vehicle performance and collection of relevant data is also driving the market growth. The adoption of automotive remote diagnostics aids in significantly minimizing service downtime and effectively predicting component defects. In line with this, the increasing demand for electric and hybrid vehicles (E/HVs) is also contributing to the market growth. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT) and telematics, are acting as other growth-inducing factors. These technologies enable users to interact with the connected car eco-systems to offer an improved and comfortable driving experience. Other factors, including the rising demand for luxury and sports vehicles, along with extensive research and development (R&D) activities on improving safety and security of the passengers, are anticipated to drive the market further.
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Automotive Remote Diagnostics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
7 Market Breakup by Connectivity
8 Market Breakup by Vehicle Type
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/fzrguw
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