Automotive Remote Diagnostics Market Overview:
The automotive
remote diagnostics market is growing
rapidly. Market growth attributes to the increasing adoption and implementation
of connected services across vehicle applications. Besides, rising sales of
luxury and commercial vehicles across the world create huge market demand.
Stringent regulations by the Commercial Vehicle Safety Alliance (CVSA) play a
causal role in the growth of the market. Moreover, the increasing demand from
the OEM and aftermarket sectors escalates market sales.
According to Market Research Future
(MRFR), the global automotive remote diagnostics market is poised to create an
exponential value by 2030, growing at 15%
CAGR throughout the forecast period (2022 – 2030).
The rise in the growth of the automotive sector globally positively impacts the
growth of the market. Substantial investments by manufacturers to improve
the quality and reduce warranty costs foster market growth, increasing
aftermarket and OEM sales.
Additionally, the increasing economic
growth worldwide, boost the size of the automotive remote diagnostics market.
Simultaneously, growing concerns regarding vehicle performance and rising
product developments especially designed for commercial vehicles aimed to
enhance safety, efficiency, and connectivity, substantiate the market growth.
Besides, spurting growth in segments such as automatic crash notification,
vehicle tracking, vehicle health alert, and roadside assistance push the market
growth.
Automotive Remote Diagnostics
Major Players:
Players leading the global automotive
remote diagnostics market include Continental AG (Germany)
Robert Bosch GmbH (Germany)
Delphi Technologies (UK)
Tech
Mahindra Limited (India)
Onstar LLC (US)
Magneti Marelli S.p.A. (Italy)
Softing AG (Germany)
Snap-on Incorporated (US)
Vidiwave Ltd (UK)
Otonomo (Israel)
Vector Informatik GmbH (Germany)
and DSA Daten- und Systemtechnik GmbH
(Germany)
among others.
Global Automotive Remote
Diagnostics Market - Segmentation
The report is segmented into five
dynamics;
By Product Type: Equipment Diagnostic (electronic control unit, GPS modules,
LED, GSM antenna, microcontrollers, GPS antenna, storage system, sensors, the
CAN (Controller Area Network), car bus interface, others) and Software
Diagnostic.
By Connectivity : 3G, 4G LTE, Wi-Fi, and Bluetooth (the CAN-Bluetooth module,
electronic control unit (ECU), OBD interface (CAN bus).
By Vehicle Type : Passenger Car and Commercial Vehicles.
By Application : Vehicle Tracking, Automatic Crash Notification, Vehicle
Health Alert, Roadside Assistance, and others.
By Regions
: Europe, North
America, Asia Pacific, and Rest-of-the-World.
Industry/ Innovation/ Related
News
August 03, 2020 ----- Opus IVS
(the US), a leading automotive technology company, announced receiving the
patent 10,719,813 for its pass-thru remote diagnostic system. The innovation
would allow a technician to diagnose a vehicle using J2534 and other standards
remotely. Opus IVS is the intelligent vehicle support section of the Opus
Group. This system was created by Bluelink, which was acquired by Opus IVS in
2019 with a patent priority date of September 2010.
The patented technology developed by
Bluelink has continually been utilized by Opus IVS to deliver diagnostic repair
guidance and programming services remotely from seven call centers with over
100 expert technicians.
Global Automotive Remote Diagnostics
Market - Regional Analysis
North America dominates the global
automotive remote diagnostics market. The largest market share attributes to
the increasing adoption and implementation of connected services across vehicle
applications. Besides, the presence of a large number of automakers and OEMs in
the region drives the growth of the market. Moreover, substantial investments
to incorporate remote diagnostics to reduce maintenance & service downtime
in vehicles by notable OEMs such as Daimler Trucks and Volvo Trucks influence
the regional market growth.
Europe region is another lucrative
market for automotive remote diagnostics. The market is especially driven by
the presence of the well established automotive industry in the region.
Moreover, innovation in the ICT segment is referred to as a key growth driver
for the growth in this region. Substantial investments by the existing major
industry players in R & D activities required for product and technology
developments fuel the demand in the automotive remote diagnostics market.
Asia Pacific also holds a substantial
share in the global automotive remote diagnostics market. Factors such as the
spurring demand from the automotive sector in the region fuel the sales in the
market. Rising technological advancements in remote diagnostics systems and the
burgeoning automotive industry in the region foster the growth of the market.
Furthermore, increased R&D activities and the rapid economic growth in the
region propel market growth. The APAC automotive remote diagnostics market is
estimated to grow at a significant pace during the assessment period.
Global Automotive Remote
Diagnostics Market - Competitive Analysis
Highly competitive, the automotive
remote diagnostics market appears fragmented due to the presence of several
well-established players. To gain a larger competitive share, industry players
adopt mergers & acquisitions, collaboration, expansion, and product/
technology launch. They focus on new technology development initiatives and
geographical expansion.
Manufacturers employ a number of
technologies to deliver OE diagnostic capabilities, flash programming, support,
and pre/post scanning to aftermarket mechanical and collision industry. Several
techniques have been invented that can allow these players to increase brand
coverage and speed to help customers.
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