Automotive Remote Diagnostics Market PPT 2022: Size, Growth, Demand and Forecast till 2027

Author: Elena Anderson Marketing Manager

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Global Automotive Remote Diagnostics Market Research Report 2022-2027:

According to the latest report by IMARC Group, titled " AutomotiveRemoteDiagnosticsMarket:GlobalIndustryTrends,Share,Size,Growth,Opportunity andForecast2022-2027

," the global automotive remote diagnostics market reached a value of US$ 10 Billion in 2021.

Automotive remote diagnostics are equipment and automobile solutions responsible for monitoring onboard vehicle status and overall performance during operations through a wireless network. It is integrated with third-generation (3G), fourth-generation (4G), and a Wi-Fi-based platform that assists in recording data-related vehicle conditions. Automotive remote diagnostics improves vehicle integral part condition, examines their performance in real-time, and enhances customer relationship management through automated repair and service schedules.

Along with this, they provide reliable insights for engineering vehicle parts and minimize service time by mitigating failures. Consequently, they are extensively incorporated in passenger, commercial, and electronic vehicles (EVs) for location tracking, roadside support, and automatic crash notifications.

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Global Automotive Remote Diagnostics Market Trends:

With a considerable expansion in the automotive sector, there has been an increasing demand for lightweight commercial and electric and hybrid vehicles (E/HV) with advanced health tracking systems to prevent upcoming failures, minimize service time, and assess vehicle performance efficiently. Additionally, growing consumer awareness regarding the availability of various technologies, including automobile diagnostics and monitoring systems to track maintenance requirements, repair operations, and engine oil temperature, is acting as another growth-inducing factor. In line with this, the shifting inclination of original equipment manufacturers (OEMs) toward the solution to gain extensive insights regarding vehicle health is contributing to the market growth.

Moreover, the large-scale integration of telematics, global positioning systems (GPS), the Internet of Things (IoT), and Bluetooth technologies that can be connected with an electronic control unit (ECU) and operated through smartphones is positively stimulating the market growth. Other factors, such as the escalating sales of luxurious automobiles and ongoing strategic collaborations amongst key players to enhance product efficacy, are creating a positive outlook for the market.

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Looking forward, IMARC Group expects the market to reach US$ 25.4 Billion by 2027, exhibiting at a CAGRof17%during2022-2027.

View Report TOC, Figures and Tables: https://www.imarcgroup.com/automotive-remote-diagnostics-market

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Key Market Segmentation

The research report includes the following segments:

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

Breakup by Region:

• North America

• Asia Pacific

• Europe

• Latin America

• Middle East and Africa

Competitive Landscape with 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 GmbH (Robert Bosch Stiftung Gmbh)

• Snap-On Incorporated

• Softing AG

• Tech Mahindra Limited (Mahindra Group)

• Vector Informatik GmbH

1. Whatwasthesizeoftheglobalautomotiveremotediagnosticsmarketin2021?

2. Whatistheexpectedgrowthrateoftheglobalautomotiveremotediagnosticsmarketduring 2022-2027?

3. Whatarethekeyfactorsdrivingtheglobalautomotiveremotediagnosticsmarket?

4. WhathasbeentheimpactofCOVID-19ontheglobalautomotiveremotediagnosticsmarket?

5. Whatisthebreakupoftheglobalautomotiveremotediagnosticsmarketbasedontheproduct type?

6. Whatisthebreakupoftheglobalautomotiveremotediagnosticsmarketbasedonthe connectivity?

7. Whatisthebreakupoftheglobalautomotiveremotediagnosticsmarketbasedonthevehicle type?

8. Whatisthebreakupoftheglobalautomotiveremotediagnosticsmarketbasedonthe application?

9. Whatarethekeyregionsintheglobalautomotiveremotediagnosticsmarket?

10. Whoarethekeyplayers/companiesintheglobalautomotiveremotediagnosticsmarket?

Clickheretovisitthecompletetableofcontentwithlistoffiguresandtables: https://www.imarcgroup.com/automotive-remote-diagnostics-market/toc

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