Remote Vehicle Diagnostics Market, by Vehicle Type (Light-Duty Vehicle and Commercial Vehicle), by Connectivity (4G LTE, 3G, Bluetooth, and Wi-Fi), by Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, and Roadside Assistance), and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Remote vehicle diagnostics solution is responsible for monitoring status of a vehicle regarding detection of any problem occurred during operation and identifying real time vehicle parameters to enhance its performance. This solution can be utilized to monitor performance and working status of commercial, electric vehicles, and utility vehicles. Remote vehicle diagnostic solution permits customer to utilize real time data about the vehicle such as routes and fuel level for better performance of the vehicle.

Emergence of autonomous vehicles is supporting growth of the market

The key factor responsible for the growth of the global remote vehicle diagnostics market is advent of autonomous vehicle. Remote vehicle diagnostics solution can be utilized to provide detailed status of a vehicle including vehicle tracking, summary, and analysis of a trip. It provides hardware configuration, which includes event configuration and parameters for echo cancellation. Remote vehicle diagnostics solutions are essential part of automotive industry especially for electric vehicles due to better vehicle performance and real time driving emission testing. In electric vehicles this solution is responsible for monitoring working status of the vehicle, control, and providing overall status of the vehicle, which includes status of battery and remote vehicle operations such as door locking and HVAC, by sending updates via email or SMS to the owner.  Therefore, such features are expected to boost the growth of global remote vehicle diagnostics market by 2015. For instance, according to IHS Markit, an automotive database provider, the global autonomous vehicles sales is expected to cross over 600,000 units in 2025 increasing at a CAGR of 43% between 2025 and 2035.

Market players are focused on development and manufacturing of autonomous vehicles. According to HIS Markit, autonomous vehicle sale in China is expected to reach around 5.7 million by 2035 and in the U.S. around 4.5 million vehicles. Considering these statistics, the automotive industry especially electric vehicles market is expected to grow at a significant rate, which in turn is expected to propel the growth of global remote vehicle diagnostics market during forecast period.

Remote Vehicle Diagnostics Market Taxonomy

On the basis of vehicle type, the global remote vehicle diagnostics market is segmented into:

  • Light-Duty Vehicle
  • Commercial Vehicle

On the basis of connectivity, the global remote vehicle diagnostics market is segmented into:

  • 4G LTE
  • 3G
  • Bluetooth
  • Wi-Fi

On the basis of application, the global remote vehicle diagnostics market is segmented into:

  • Automatic Crash Notification
  • Vehicle Tracking
  • Vehicle Health Alert
  • Roadside Assistance

Remote Vehicle Diagnostics Market: Regional Insights

The global remote vehicle diagnostics market is segmented on the basis of regions into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The market for remote vehicle diagnostics market in Asia Pacific region is expected to account largest market share during forecast period, owing to increasing vehicle manufacturing and high demand for electric vehicles in emerging economies such as China and Japan. According to the International Energy Agency’s Global EV Outlook, China held the largest market share for electric vehicles in 2016 accounting for over 40% of the electric cars sold globally, which includes over 200 million electric two-wheelers and over 300,000 electric buses. This factors are expected to propel the growth of the regional remote vehicle diagnostics market by 2025.

Remote Vehicle Diagnostics Market: Competitive Background

Major players operating in the global remote vehicle diagnostics market include Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Onstar LLC (subsidiary of General Motors), Snap-On Inc., Magneti Marelli, Softing AG, VOXX International Corporation, Vector Informatik, and Vidiwave Ltd.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.