Title: Remote Diagnostics Devices Market share research by applications and regions for 2017-2024
1Remote Diagnostics Devices Market Price, Trends,
Industry Outlook Forecast 2017-2024
2Key Insights from Remote Diagnostics Devices
Market
- Various government agencies issue emission
standards to control hazardous vehicular
emissions. These strict norms for fuel economy
and emissions across the globe will provide huge
growth prospects for the industry over the
forecast timeframe. - Key focus of original equipment manufacturers
(OEMs) towards integration of telematics
technology is providing the manufacturers with
significant scope of opportunities.
Bluetooth,3G/4G, and GPS are among the prominent
connectivity technologies used in these Devices.
These tools connect to the vehicle internal
system, and then evaluate the code and
information to determine the cause of the
problem. They not only check the current issues,
but also prevent the upcoming obstacles. - Passenger car segment is forecasted to dominate
the market over the coming years owing to its
increase in production units globally and
advancement in enhanced electric technology for
vehicles escalating the remote diagnostic market.
3Continued...
- Bluetooth technology is expected to contribute to
the largest revenue share in the remote vehicle
diagnostics market over the forecast timeframe.
This technology in remote diagnostics links the
vehicle to internet via cellular phone for data
transmission from the server. 3G /4G LTE
connectivity technology is estimated to be the
second largest segment of the remote vehicle
diagnostics market owing to its advancements in
broadband cellular network and high network speed
that supports interactive broadband services
which is needed in the application of remote
diagnostic devices. - By application, the industry is segmented into
vehicle health alert, vehicle tracking, automatic
crash notification, and roadside assistance.
Roadside assistance is a vital application of
remote vehicle diagnostics and its predicted to
hold a significant revenue share over the next
eight years.
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5Major Companies in Remote Diagnostics Devices
Market
- Delphi Automotive
- Magneti Marelli
- Continental AG
- Robert Bosch GmbH
- VOXX International Corporation
- Vector Informatik
- Softing AG
- Onstar LLC
6Regional Insights in Remote Diagnostics Devices
Market
- Asia pacific is forecasted to dominate the market
over the next eight years since the region
possess the major automobile industry in the
world. The vehicle production is expected to grow
over 40 million by 2025. - The market is expected to grow at a high rate in
countries such as China, India, South Korea,
Japan. Due to its sizable population and
increasing disposable income this region has the
highest vehicle production in the world. - Europe, led by Germany, UK and France is
anticipated to exhibit significant growth owing
to increasing sale of electric vehicles in
2016.Gremany recorded 4.54 increase in
production of passenger car units in 2016. Latin
America is projected to be a significant
contributor to the industry owing to the growth
in relation to OEM sales in the region.
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