Press release
Global Automotive Remote Diagnostics Market to Create an Absolute $ Opportunity of US$ 25.7 Bn by 2028
The global automotive remote diagnostics market surpassed a valuation of US$7.1 Bn in 2019 and is estimated to create an absolute $ opportunity of more than US$ 25.7 Bn by the end of forecast period. The demand for automotive remote diagnostics is on the rise owing to the need for improved vehicle performance coupled with connected services across myriad vehicle applications.
For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=4629
Furthermore, increasing focus of automotive manufacturers towards IoT (Internet of Things) in vehicles has enabled them to offer various features like remotely monitoring the condition of the vehicle which is foreseen to bolster the growth of the automotive remote diagnostics market.
Furthermore, the governments of various countries are setting up regulations for connected car systems which in turn is expected to have an intermediate effect on the demand for the automotive remote diagnostics equipment. For instance, in 2018, the European Union made it mandatory to have an emergency call (eCall) alert system fitted in cars and light commercial vehicle. Fact.MR in its latest report projects that the global automotive remote diagnostics market is projected to grow at an astounding value CAGR of ~17.8% during the forecast period (2019-2028).
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4629
Key Takeaways of Automotive Remote Diagnostics Market
• The global vehicle health tracking and diagnosis segment is estimated to create an absolute $ opportunity of more than US$12.2 Bn and is foreseen to contribute a value CAGR of 20.5% during the forecast period (2019-2028)
• East Asia is projected to witness a higher growth rate as compared to the rest of the regions in the markets, with a CAGR of 20.8% between 2019 and 2028.
• Light Commercial Vehicles (LCV) are projected to be valued at US$25.9 Bn and is expected to be value 7.7X more than Heavy Commercial Vehicles (HCV)
• Europe is anticipated to be the market leader in the global automotive diagnostics market by 2028 end with a 33% market share in terms of value
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4629
Key Segments of the Automotive Remote Diagnostics Market
Fact.MR’s study on the automotive remote diagnostics market offers information divided into four key segments— product, application, vehicle and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Product
• Diagnostics Equipment
• Software
Application
• Vehicle System & Component Access
• Vehicle Health Tracking & Diagnosis
• Service Assistance
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/10/03/1924808/0/en/Increasing-Commuter-Preference-for-Shared-Taxi-Will-Boost-the-Demand-for-Minibus-Finds-Fact-MR.html
Industry Players Focusing on Regional Expansion
The report reveals some of the prominent key players, including Robert Bosch GmbH, Continental AG, Luxoft, ACTIA Group, Tech Mahindra Limited, Softing AG, HARMAN International, Infineon Technologies AG, Vector Informatik GmbH, OnStar, Transics, Verizon Communications, Eaton and IBM Corporation, among others. Prominent manufacturers are focusing on expansion to strengthen their global presence.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1391/global-automotive-remote-diagnostics-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=4629
Furthermore, increasing focus of automotive manufacturers towards IoT (Internet of Things) in vehicles has enabled them to offer various features like remotely monitoring the condition of the vehicle which is foreseen to bolster the growth of the automotive remote diagnostics market.
Furthermore, the governments of various countries are setting up regulations for connected car systems which in turn is expected to have an intermediate effect on the demand for the automotive remote diagnostics equipment. For instance, in 2018, the European Union made it mandatory to have an emergency call (eCall) alert system fitted in cars and light commercial vehicle. Fact.MR in its latest report projects that the global automotive remote diagnostics market is projected to grow at an astounding value CAGR of ~17.8% during the forecast period (2019-2028).
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=4629
Key Takeaways of Automotive Remote Diagnostics Market
• The global vehicle health tracking and diagnosis segment is estimated to create an absolute $ opportunity of more than US$12.2 Bn and is foreseen to contribute a value CAGR of 20.5% during the forecast period (2019-2028)
• East Asia is projected to witness a higher growth rate as compared to the rest of the regions in the markets, with a CAGR of 20.8% between 2019 and 2028.
• Light Commercial Vehicles (LCV) are projected to be valued at US$25.9 Bn and is expected to be value 7.7X more than Heavy Commercial Vehicles (HCV)
• Europe is anticipated to be the market leader in the global automotive diagnostics market by 2028 end with a 33% market share in terms of value
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/4629
Key Segments of the Automotive Remote Diagnostics Market
Fact.MR’s study on the automotive remote diagnostics market offers information divided into four key segments— product, application, vehicle and region. This report offers comprehensive data and information about important market dynamics and growth parameters associated with these categories.
Product
• Diagnostics Equipment
• Software
Application
• Vehicle System & Component Access
• Vehicle Health Tracking & Diagnosis
• Service Assistance
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/10/03/1924808/0/en/Increasing-Commuter-Preference-for-Shared-Taxi-Will-Boost-the-Demand-for-Minibus-Finds-Fact-MR.html
Industry Players Focusing on Regional Expansion
The report reveals some of the prominent key players, including Robert Bosch GmbH, Continental AG, Luxoft, ACTIA Group, Tech Mahindra Limited, Softing AG, HARMAN International, Infineon Technologies AG, Vector Informatik GmbH, OnStar, Transics, Verizon Communications, Eaton and IBM Corporation, among others. Prominent manufacturers are focusing on expansion to strengthen their global presence.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1391/global-automotive-remote-diagnostics-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
