Scope of the Study
Remote diagnostics is a process of identifying the issue or problem from distance. In this system the information is transferred through wireless or wired. When the faults are detected the corrective actions are taken. The product is getting an importance among the consumers and the OEMs. Due to the rise in automotive sector and automation in the industries there is high demand for remote diagnostics
The market study is being classified by Type (Automotive, Medical and Others), by Application (Vehicle health alert, Vehicle tracking, Automatic crash notification and Roadside assistance) and major geographies with country level break-up.
Robert Bosch GmbH (Germany), Continental AG (Germany), OnStar (United States), Vector informatik (Germany), Vidiwave (United Kingdom), Magneti Marelli (Italy), Delphi Automotive (United Kingdom), VOXX (United States), Softing AG (Germany) and Snap-On Inc (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Denso Corporation (Japan).
Research Analyst at AMA predicts that Germany Players will contribute to the maximum growth of Global Remote Diagnostics market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Remote Diagnostics market by Type, Application and Region.
On the basis of geography, the market of Remote Diagnostics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Shift of Consumer Preference towards the Hybrid Vehicles
- Reduces the Cost of Fleet Operators for Vehicles
- Technological Advancement has Been Made Which is Leading to Rising Demand for in Vehicle Diagnostics
- Advancements in Telematics is Helping the Products to be developed
- Security Risk Associate with Remote Diagnostics
- High Costs Involved with the Implementation
- Rising Industrialization in Developing Countries
- Increasing Demand for Luxury Vehicles is Affecting the Market Positively
- Lack of Awareness of the Product and its Features
- High Competition Due to the Presence of Major Players
Market Leaders and their expansionary development strategies
In 2018, Bosch has acquired Splitting Fares Inc. (SPLT), a U.S. start-up based in Detroit. and In 2018, Vector has acquired ARCCORE the Swedish embedded software specialist which will strengthen its portfolio of products and services
In 2018, Marshark proudly launches THINKCAR OBD, world’s smallest and most powerful diagnostic tool, which can Scan Tool connects to the mobile device via Bluetooth, and easily transfers the fault codes and data
Key Target AudienceRemote vehicle diagnostics solution providers, Distributors and suppliers, Government and research organization and Investment bankers and M&A Consultants
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase