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Cars are getting smarter, and it's all about using digital technology. The latest trend in the car world is all about advanced vehicles, like electric ones, self-driving cars, and connected vehicles. These advanced vehicles are changing how cars work, moving from regular engines to things like batteries, fuel cells, and electronic systems. This shift is creating new challenges and opportunities, making cars more high-tech and in demand. For example, one exciting development is connected vehicles. These cars are making it easier for people to share rides, like car-sharing and bike-sharing. As cars become more advanced, there's a growing need for digital systems and software. Electric cars, especially, are driving the use of electronic systems, creating lots of opportunities to make cars better and more affordable. This shift towards advanced vehicles is not just a trend; it's a wave of change in the automotive industry. Today's cars are like computers on wheels, having more than 10 million lines of important software code. This is because there's a growing need to share information about how cars are performing, both for drivers and the companies that make the cars. To make sure everything runs smoothly, companies are using Internet of Things (IoT) devices. These devices help cars operate better by connecting different systems in the car through wireless connections. Companies like Robert Bosch, Continental AG, Delphi Technologies, and Magneti Marelli are installing remote diagnostic systems to keep an eye on these devices after the cars are sold. Remote diagnostics and other connected technologies are making life easier for everyone involved—the car makers, the suppliers, and the people who drive the cars. These technologies help track any issues with the IoT devices and let everyone know when maintenance is needed. This means fewer surprises and less risk of sudden problems. However, as cars become more advanced, it's becoming a bit tricky for some people to understand how everything works. This confusion is creating a higher demand for remote diagnostics in cars all around the world. The demand for automotive remote diagnostics is growing more in developed countries because they have better services for fixing cars after they're sold. As the use of smart devices in cars keeps growing, we expect the impact on the global automotive diagnostics market to go from moderate to high in the coming years. It's an exciting time for cars, with technology making them smarter and more connected than ever before!
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Opportunities | This increased investment Growing development in the product |
Automotive Remote diagnostics Market Highlights:
Global Automotive Remote Diagnostics Market Overview
The Global Automotive Remote Diagnostics Market is estimated to reach a valuation of USD 32823.32 million by 2032, from the previous valuation of USD 11600.03 million in 2021, at a CAGR of 18.9% during the forecast period 2023 to 2032. The process of remote diagnostics, which is also referred to as remote or remote condition monitoring, is a technology-driven procedure that permits monitoring, analysis, and troubleshooting of systems, equipment, or devices from a remote location with real-time analysis. With this, the said market segment is said to have rapid growth during the forecast period 2023 to 2032.
The remote device can be connected with the diagnostic equipment to the platforms based on 3G, 4G, and 5G which are responsible for operating and recording the data regarding the real-time condition of the vehicle. To generate valuable insights, the data is subjected to additional analysis by computer software. As a result, this helps in evaluating the operation of the vehicle in real-time, reducing the amount of time needed for maintenance, and preventing subsequent breakdowns. As a consequence of this, it is frequently utilized in passenger and commercial cars to provide automated crash warnings, track the location of the vehicle, provide roadside assistance, and provide a vehicle health alert system.
Global Automotive Remote Diagnostics Market Trends
The development of customized solutions for fleets and commercial vehicles alongside the integration of AI & Machine Learning is proving to be a game-changing trend for the market.
Offering remote vehicle monitoring and diagnostic solutions that are tailored to the needs of fleet management systems operators and commercial vehicle suppliers represents a substantial business opportunity. Specific challenges within this sector may be addressed through the provision of specialized services, such as fleet health monitoring, predictive maintenance for commercial vehicles, and specialized analytics.
Organizations that concentrate on delivering individualized fleet solutions will be able to capitalize on the growing demand for efficient fleet management systems. By implementing this strategic manoeuvre, the organizations position themselves as specialized providers, catering to the specific needs of fleet managers and fostering long-lasting connections in a market that has particular diagnostic prerequisites. The diagnostic equipment is linked to a platform that operates and stores data about the condition of the vehicle and is based on 3G, 4G, or Wi-Fi. Additionally, computer software analyzes the data to extract valuable insights through telematic solutions. This facilitates the real-time evaluation of vehicle performance, thereby reducing service time and averting additional malfunctions. Consequently, it is frequently implemented in commercial and passenger vehicles for health alert systems, automatic crash notifications, and vehicle location monitoring.
Apart from this, an emerging trend in automotive remote diagnostics involves the integration of artificial intelligence (AI) and machine learning (ML). These state-of-the-art technologies enhance the accuracy and intricacy of problem detection and forecasting. With the advancement of AI and machine learning (ML) capabilities, automotive remote diagnostic systems are becoming more intelligent, demonstrating an adaptable capacity to learn from historical data. This trend in the market of using wireless diagnostics through AI and machine learning positions organizations at the vanguard of innovation through the provision of solutions that align with the requirements of modern automotive diagnostics and dynamically adjust to accommodate the increasingly intricate needs of the contemporary diagnostic sector.
Global Automotive Remote Diagnostics Market Segment Insights
The global automotive remote diagnostics market is segmented based on product type, connectivity, vehicle type and application.
Based on product type, the global automotive remote diagnostics market is divided into diagnostic equipment and software. The diagnostic equipment segment held the largest market share in 2018 as this segment has been witnessing significant growth in the demand for automotive remote diagnostics owing to the growing requirement for equipment in automotive remote diagnostics systems. The diagnostic equipment includes the electronic control unit, GPS modules, microcontrollers, LED, GSM antenna, GPS antenna, storage system, sensors and the CAN (Controller Area Network) car bus interface.
Based on connectivity, the global automotive remote diagnostics market is segmented into 3G, 4G LTE, Wi-Fi, and Bluetooth. The Bluetooth segment is expected to hold the maximum market share, due to increasing demand for Bluetooth-connected automotive remote diagnostics. The Bluetooth connectivity includes the CAN-Bluetooth module, which communicates with the automobile electronic control unit (ECU) via the OBD interface (CAN bus) to read the information from the ECU. Then the information is converted into Bluetooth data and sent to a smartphone with Bluetooth function.
Based on vehicle type, the global automotive remote diagnostics market is segmented into passenger cars and commercial vehicles. The passenger car segment is expected to hold the maximum market share due to the increased use of such systems to meet the demand for convenience and safety features in passenger cars. The demand for passenger safety from individual users and government norms is driving the growth of this segment. Furthermore, a rise in the integration of IoT and a focus on reducing maintenance costs and downtime add to the market growth. For vehicle tracking, trip analysis remote diagnostic system is required. For electric passenger cars, there is a need for a remote diagnostic system to provide the status of the battery, range, and charging station to the owner. Such factors are expected to drive the global automotive remote diagnostics market during the forecast period.
Based on application, the global automotive remote diagnostics market is segmented into automatic crash notification, vehicle tracking, vehicle health alert, and roadside assistance. The roadside assistance segment is expected to hold the maximum market share, due to increased demand for convenience features while driving and the need to mitigate sudden breakdowns. Roadside assistance enables the responders to get real-time information directly from the vehicle and offer repairs, car towing and breakdown services. This application offers 24x7 emergency services, which are offered in case of a breakdown of a vehicle. Roadside assistance reduces the inconvenience caused due to any failure of a car by providing different services such as on-site assistance, flat tyres, towing, dead battery, and fuel delivery services.
Global Automotive Remote Diagnostics Market Region Insights
The global automotive remote diagnostics market is primarily studied across four prominent regions namely, North America, Europe, Asia-Pacific and the Rest of the World. Out of which, the North American region holds the major market share. The North American region is expected to be the dominating region in the automotive remote diagnostics market owing to the increasing adoption and implementation of connected services like connected car health monitoring, remote troubleshooting, and remote maintenance services, across vehicle applications. Moreover, the stringent regulations in the region governed by the Commercial Vehicle Safety Alliance (CVSA) are expected to play an important role in the demand for automotive remote diagnostics.
Europe held the second-largest market share in the global automotive remote diagnostics market. The rise in the growth of sales for luxury and commercial vehicles across the region is driving the demand for automotive remote diagnostics among OEMs and aftermarket players. Moreover, the manufacturers are investing in the Europe market due to concerns regarding vehicle performance in the region. For instance, in September 2016, at Automechanika Frankfurt, WABCO revealed a remote diagnostics pilot for commercial vehicles aimed to enhance safety, efficiency, and connectivity in the vehicles. This increased investment and growing development in the product are further expected to increase the adoption of automotive remote diagnostics across the regional countries during the forecast period 2023 to 2032.
Following North America and European regions, it is anticipated that the Asia-Pacific market will expand in the future years with a rapid pace. Despite substantial downturns in the automotive industry in recent times, China's market has managed to sustain a robust growth rate. Furthermore, the increasing prevalence of customized innovations in the markets of India and China is said to generate fresh prospects for expanding into new markets.
Automotive Remote Diagnostics Market Key Players & Competitive Analysis
The global automotive remote diagnostics market is primarily characterized by intense competition among prominent businesses operating in the said domain that vie for market dominance and technical superiority. Major players in automotive technology and solutions, such as Delphi Technologies, Continental AG, and Bosch Automotive Service Solutions Inc., establish themselves as industry leaders through the strategic undertaking of calculated risks. These companies offer comprehensive remote diagnostic solutions that are tailored to the ever-evolving needs of the automotive sector through the application of their extensive industry expertise, research and development capabilities, and global presence.
Key Companies in the Automotive Remote Diagnostics Market
- Robert Bosch GmbH (Germany)
- Continental AG (Germany)
- Delphi Technologies (UK)
- Onstar LLC (US)
- Tech Mahindra Limited (India)
- Magneti Marelli S.p.A. (Italy)
- Snap-on Incorporated (US)
- Softing AG (Germany)
- Vidiwave Ltd (UK)
- Vector Informatik GmbH (Germany)
- Otonomo (Israel)
Recent Developments
February 2024 -
In February 2024, THINKCAR, a well-established provider of automotive diagnostic solutions, unveiled its most recent innovation, the ThinkTool Master X2. The Master X has been succeeded by this cutting-edge, 10.1-inch touchscreen tablet that operates on the Android operating system.
October 2023 -
In October 2023, Indian giant Reliance launched their new product called JioMotive which is a pocket-sized onboard diagnostics device which transforms an ordinary automobile into a smart vehicle.
Automotive Remote Diagnostics Market Segmentation:
Global Automotive Remote Diagnostics Market, By Product Type
- Diagnostic Equipment
- Software
Global Automotive Remote Diagnostics Market, By Connectivity
- 3G
- 4G LTE
- Wi-Fi
- Bluetooth
Global Automotive Remote Diagnostics Market, By Vehicle Type
- Passenger Car
- Commercial Vehicle
Global Automotive Remote Diagnostics Market, By Application
- Automatic Crash Notification
- Vehicle Tracking
- Vehicle Health Alert
- Roadside Assistance
Global Automotive Remote Diagnostics Market, By Region
North America
- US
- Canada
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
Rest of the World
-
Middle East
-
Africa
-
Latin America
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