Dublin, July 28, 2022 (GLOBE NEWSWIRE) -- The "Automotive Remote Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global automotive remote diagnostics market reached a value of US$ 10 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 25.4 Billion by 2027, exhibiting a CAGR of 16.81% during 2021-2027.
Automotive Remote Diagnostics Market Trends:
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 Players
- 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
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global automotive remote diagnostics market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, connectivity, vehicle type and application.
Breakup by Product Type:
- Diagnostic Equipment
- Software
Breakup by Connectivity:
- 3G
- 4G LTE
- Wi-Fi
- Bluetooth
Breakup by Vehicle Type:
- Passenger Cars
- Commercial Vehicles
Breakup by Application:
- Automatic Crash Notification
- Vehicle Tracking
- Vehicle Health Alert
- Roadside Assistance
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Automotive Remote Diagnostics Market
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
For more information about this report visit https://www.researchandmarkets.com/r/31r07r
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