Global Automotive Remote Diagnostics Market 2017-2021
About Automotive Remote Diagnostics
Automotive remote diagnostics is a system that enables the monitoring of vehicles using a wireless network. The monitoring of vehicle performance is usually carried out by assessing real-time data of certain parameters. The evaluation helps to identify any deviation against the performance. Diagnosis of the vehicle is based on real-time vehicle data associated with several parameters of vehicle performance and the determination of root causes of deviation. This helps in optimum diagnosis of concerned problems.
Technavio’s analysts forecast the global automotive remote diagnostics market to grow at a CAGR of 16.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of global automotive remote diagnostics market for 2017-2021. To calculate the market size, the report considers the penetration rate of remote diagnostic services in automobiles.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Automotive Remote Diagnostics Market 2017-2021
Technavio recognizes the following companies as the key players in the global automotive remote diagnostics market: Bosch, Continental, OnStar, Vector informatik, and Vidiwave
Other Prominent Vendors in the market are: Magneti Marelli, Texan, AVL DiTEST, Car Shield, Delphi, EASE Diagnostics, Mercedes-Benz, and VoX International.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Faster mobile networks and broader bandwidth making in-vehicle communications more effective. The automotive connected car market and the telematics industry are rapidly evolving and growing year-over-year. Services, such as remote diagnostic, involves a medium for telecommunication, which can be achieved through a mobile network or with the help of a wireless network. With the development in the infrastructure and telecom sectors, mobile network connections are becoming faster and stronger. These improvements help telematics solution providers and developers to reduce costs and improve operational efficiencies of the system.”
According to the report, one of the major drivers for this market is Increasing offering of connected car solutions paving way for remote diagnostic market. The market for remote diagnostics is largely dependent on established network connectivity infrastructure. Therefore, such applications are mostly used in developed regions. Connected vehicles use the internet to connect the vehicle to its surroundings. Such systems combine hardware and software to enable connectivity-based services. The hardware component uses the telematics control unit to deliver all telematics applications and services. Some of the telematics applications and services being offered in modern vehicles include e-Call, interactive service schedule and planning, and stolen vehicle tracking.
Further, the report states that one of the major factors hindering the growth of this market is Competitive value chain leading to profitability issues for OEMs. Telematics applications and data analytics can be expensive. The data generated by these technologies will be massive, and the maintenance of these technologies will incur data transmission costs. However, technological development related to mobility and digital transformation include rapidly evolving social, mobile, analytics, and cloud (SMAC) technologies that offer potential benefits in transmitting data from vehicles. These additional features add data transmission costs, thus justifying the investments. The growing demand for these technologies in the high-end vehicle segments will raise the cost during the forecast period. The advanced technology of telematics applications requires a certain amount of time for penetration in the mass market.
Bosch, Continental, OnStar, Vector informatik, Vidiwave, Magneti Marelli, Texan, AVL DiTEST, Car Shield, Delphi, EASE Diagnostics, Mercedes-Benz, and VoX International.
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