The successful development and integration of technologies such as Internet of Things and telematics is enabling end-users to interact among them for offering better product and services to ensure comfortable and safe drive. With consumer needs, the industry is seeing a huge rise in demand for in-vehicle diagnostic technology. Remote diagnostics technology is seeing a rise in the demand due to its increasing adoption for application such as passenger car. The technology sanctions equipped vehicles to collect, diagnose and data management of components and integral system so as to evaluate car performance and inform any irregularity within. Remote diagnostic system comprises a processor and a telematics unit which is connected to in-vehicle system component sensors. The unit sorts and mines data of each subsystem and component that transmits it to a data center or a remote server, which then either indorses a course of action or notifies the user about failure of system.

Market Dynamics

The blooming global sales of electric and hybrid vehicle are one of the primary factors influencing the automotive remote diagnostic market. Essential focus of (original equipment manufacturers) OEMs towards integration of telematics technology is assisting in the growth of remote diagnostic equipment. One of the key markets aiding in the development and growth of the remote diagnostic market is logistics and transport. These devices are used for the effectiveness of service, fleet tracking and management. Emerging markets are expected to create profitable opportunities for manufactures during the upcoming period. Additional cost of installation setup and services are expected to act as a restrictive for different end-users in relatively new markets. Rising demand for luxury cars for passengers, increase in sales of premium vehicle, and need for support in emergency will further drive the growth of remote diagnostic device market.

Market Classification

The market can be segmented further on the basis of product type, vehicle type, connectivity, application, and geography. By product type, the remote diagnostics devices market can be segmented into diagnostic equipment, software. By vehicle type, the remote diagnostics devices market can be segmented into passenger cars, light commercial vehicle, heavy commercial vehicle. By connectivity, remote diagnostics devices market can be segmented into Bluetooth, 3G/4G, Wi-Fi. By applications, the remote diagnostics devices market can be segmented intoVehicle system and component access, vehicle health tracking &diagnosis, service assistance. On the basis of geography, the remote diagnostics devices market can be segmented into North America, Latin America, Europe, Middle East & Africa (MEA) and Asia-Pacific.

Report Coverage

Market Participants

Some of the major players involved in the supply of remote diagnostics devices market are Robert Bosch GmbH, Continental AG, OnStar LLC, VectorInformatik, Vidiwave Ltd., Tech Mahindra Limited, Verizon Enterprise, Transics, INmatix Technology Group, and ACTIA Group among other participants.

Market Segmentation

Market by Product Type

• Diagnostic Equipment
• Software

Market by Vehicle Type

• Passenger Cars
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Market by Connectivity

• Bluetooth
• 3G/4G
• Wi-Fi

Market by Application

• Vehicle System and Component Access
• Vehicle Health Tracking & Diagnosis
• Service Assistance

Market By Geography

• North America

• U.S.
• Canada
• Mexico

• Europe

• UK
• France
• Germany
• Rest of Europe

• Asia-Pacific

• China
• Japan
• India
• Australia
• Rest of Asia-Pacific

• Latin America

• Brazil
• Chile
• Rest of LATAM

• Middle East and Africa (MEA)

• South Africa
• Saudi Arabia
• Rest of MEA