Automotive Remote Diagnostics Industry Global 2019 Size, Share, Trends, And Mark
Posted by Abhijeet Bendre on February 4th, 2019
Automotive Remote Diagnostics Market 2019 Global Forecast To 2022, is latest industry report. Global Automotive Remote Diagnostics Market by Vehicle Type (Commercial Vehicle and Passenger Vehicle), Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, and Bluetooth), and by Region - Forecast to 2022.
The key players of Global Automotive Remote diagnostics Market report include- Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Onstar LLC, Snap-On Inc., Magneti Marelli, Softing AG, VOXX International Corporation, Vector Informatik, and Vidiwave Ltd.
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Increasing global demand for technologically advanced automobiles for commercial as well as personal use is majorly fueling the demand for remote diagnostics services and is resulting into the expansion of the global automotive remote diagnostics market. Global rise in demand for luxury vehicles is also driving the global automotive remote diagnostics market.
Rapid incorporation of advanced technology in automotive industry and high demand for hybrid and electronic vehicles are positively impacting on the global automotive remote diagnostics market. Whereas, the high installation and maintenance cost and lack of penetration of advanced technology in the underdeveloped regions are acting as restraints on the growth of the global automotive remote diagnostics market during the forecast.
The North America region has a largest share in the automotive remote diagnostics market. Also, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. This region is led by China and India due to increasing population, increasing per capita income, improving living standards, and hence increasing demand for purchase of high end vehicles. And this will significantly drive the market of automotive remote diagnostics.
The global automotive remote diagnostics market has been segmented on the basis of vehicle type, application and connectivity. Based on vehicle type, the automotive remote diagnostics market is segmented into commercial vehicle and passenger vehicle. Based on application, the automotive remote diagnostics market is segmented into automotive crash notification, vehicle tracking, vehicle health alert and roadside assistance. Among these, the roadside assistance segment is projected to be the fastest growing segment in the global automotive remote diagnostics market. Based on connectivity, the automotive remote diagnostics market is segmented into 3G, 4G LTE, Wi-Fi and Bluetooth. The Bluetooth segment is anticipated to constitute for the largest share in the global automotive remote diagnostics market during the forecast period.
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About the AuthorAbhijeet Bendre
Joined: February 20th, 2018
Articles Posted: 604
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