Remote Diagnostics

Remote Diagnostics

Global Automotive Remote Diagnostics Market to Reach $27.8 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Automotive Remote Diagnostics estimated at US$8.2 Billion in the year 2020, is projected to reach a revised size of US$27.8 Billion by 2027, growing at aCAGR of 19% over the period 2020-2027. Software, one of the segments analyzed in the report, is projected to record 19.5% CAGR and reach US$19.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Equipment segment is readjusted to a revised 17.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.4 Billion, While China is Forecast to Grow at 17.9% CAGR

The Automotive Remote Diagnostics market in the U.S. is estimated at US$2.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.7 Billion by the year 2027 trailing a CAGR of 17.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.2% and 16.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.7% CAGR.

Select Competitors (Total 44 Featured) -

• Continental AG
• Delphi Automotive PLC
• Magneti Marelli SpA
• OnStar LLC
• Robert Bosch GmbH
• Snap-on, Inc.
• Softing AG
• Vector Informatik GmbH
• Vidiwave Ltd.
• VOXX International Corporation

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