Remote vehicle diagnostics solutions help in determining the root source of the vehicle problem, monitoring the health of the vehicle, and provides real time information of vehicle limitations to evaluate its performance against benchmarks.
In the current world scenario, rising awareness among consumers for vehicles to comply with road safety directives, as well as emission standards, are tagged as the prominent factors fueling the growth of remote diagnostics market. To study further, a new research study titled “Remote Diagnostic Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025” has been included to the vast online collection of Market Research Reports Search Engine (MRRSE).
The research includes data related to the market overview and scope to enlighten the readers about the exact status of the remote diagnostics market. In addition to this, market dynamics are also highlighted which includes primary influential factors.
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As per key research findings, the global remote diagnostics market is likely to register an impressive 14.8% CAGR during the forecast period between 2017 and 2025. Increasing at this pace, the market might acquire a worth US$42.04 bn by 2025 growing from US$12.88 bn in 2016.
The report starts with the executive summary and research methodology. Further, the readers can access details related to key market indicators and market dynamics comprising of drivers, restraints, and opportunities.
Considering the market drivers, the reports highlights strict emission and fuel economy regulations as well as increasing OEM pressure for better vehicle performance. Also, concerns related to data security is seen as a prime restraint factor.
The next section of the report talks about the market segmentation, which allows a better understanding of the global remote diagnostics market. In terms of application, the market has been segregated into roadside assistance, vehicle state alert, vehicle tracking, crash notification, training assistance, training assistance and others.
Further, on the basis of vehicle type, the remote diagnostics market is bifurcated into commercial vehicles and passenger vehicles. Also, based on connectivity, the market offers a segmentation comprises Bluetooth, 3G/4G, and Wi-Fi.
Moving ahead, a geographical segmentation is also presented in the report. The prime market regions targeted in the study are North America, Asia Pacific, Middle East and Africa, Europe and Latin America.
Among these, North America accounted for the highest market revenue in the year 2016, primarily due to the increasing adoption of advanced technology, innovation, stringent regulations for vehicle safety, emissions, and fuel economy. Furthermore, Asia Pacific is spotted as the fastest growing region during the forecast period (2017-2025).
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The final section mentions the top players from the market, along with their company details, business overview, revenue share by the geographic presence, and Y-O-Y growth. The prominent manufacturers from the global remote diagnostics market are Robert Bosch GmbH, Continental AG, OnStar LLC, Magneti Marelli S.p.A., Mercedes-Benz, Delphi Automotive PLC, Voxx International Corporation, Softing AG, Vector Informatik GmbH and Vidiwave Ltd.
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