REMOTE VEHICLE DIAGNOSTICS MARKET ANALYSIS

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

On the basis of regions, the global remote vehicle diagnostics market is classified into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

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.

Global Remote Vehicle Diagnostics Market: Key Developments

• In October 2019, Robert Bosch GmbH introduced Semiconductor technology i.e Bosch microchips, that prevent electric shock when electric vehicles are involved in accidents. Specially designed microchips deactivate the vehicle’s power circuits in a fraction of a second.
• In January 2019, Delphie Technologies collaborated with Tom Tom a leader in navigation, traffic and map products for Intelligent Driving. Delphi’s Intelligent Driving controls will use real-time mapping data to predict changing driving conditions, such as route infrastructure and topography, traffic congestion and weather, which will improve fuel efficiency, reduce emissions, and shorten commute times.
• In October 2019, Snap-On Inc. introduced New Snap-on Diagnostic Software, which has advanced feature of Secure Vehicle Gateway solution to unlock 2018 and newer FIAT Chrysler Automobiles (FCA) for direct access from the scan tool to the vehicle’s secure gateway module. Wi-Fi enabled diagnostic platforms using current software now have the ability to perform reset functions and bi-directional tests that were previously inaccessible because of the secure vehicle gateway.
• In September 2019, Softing AG introduced diagnostic tool to face the challenges in vehicle engineering i.e. Softing Automotive’s DTS Monaco-The all-in-one engineering tester is a tool for diagnostic testing, analysis and documentation and uses a manufacturer neutral expert system. The engineering tester supports the display of measurement values, actuator testing, flash memory programming and ECU parameterization.
• In January 2017, VOXX International Corporation partnered with noLimits Enterprises, entrepreneurs of advanced radar and automatic traffic camera deterrent devices. The partnership expands distribution of the existing noLimits products and also integrate the products with other vehicle electronics products in the VOXX portfolio.