Automotive Remote Diagnostics Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Remote Diagnostics Market Report: Trends, Forecast and Competitive Analysis to 2030

Automotive Remote Diagnostics Trends and Forecast

The future of the global automotive remote diagnostics market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets. The global automotive remote diagnostics market is expected to reach an estimated $28.4 billion by 2030 with a CAGR of 15.8% from 2024 to 2030. The major drivers for this market are growing demand for connected cars, rising need for more efficient and cost-effective vehicle maintenance, and increasing complexity of modern vehicles.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Automotive Remote Diagnostics by Segment

The study includes a forecast for the global automotive remote diagnostics by product type, connectivity, vehicle type, and region.

Automotive Remote Diagnostics Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Diagnostic Equipments
• Software

Automotive Remote Diagnostics Market by Connectivity [Shipment Analysis by Value from 2018 to 2030]:

• 3G
• 4G LTE
• Wi-Fi
• Bluetooth

Automotive Remote Diagnostics Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles

Automotive Remote Diagnostics Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Automotive Remote Diagnostics Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive remote diagnostics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive remote diagnostics companies profiled in this report include-

• Delphi Technologies
• Vector Informatik
• Bosch Automotive Service Solutions
• Continental
• Snap-on
• Hella Gutmann Solutions
• Vidiwave
• OnStar
• Sierra Wireless
• Autologic Diagnostics

Automotive Remote Diagnostics Market Insights

Lucintel forecasts that diagnostic equipment will remain the larger segment over the forecast period due to increasing demand for sophisticated diagnostic tools and equipment in order to efficiently monitor and assess the state of vehicles.

Within this market, passenger car will remain the largest segment due to growing adoption of these systems so as to meet the need for convenience and safety features in vehicles.

North America will remain the largest region over the forecast period due to rapid adoption of cutting-edge vehicle technologies and rising demand for premium and luxury cars equipped with advanced safety features.

Features of the Global Automotive Remote Diagnostics Market

Market Size Estimates: Automotive remote diagnostics market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Automotive remote diagnostics market size by product type, connectivity, vehicle type, and region in terms of value ($B).

Regional Analysis: Automotive remote diagnostics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, connectivity, vehicle types, and regions for the automotive remote diagnostics market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive remote diagnostics market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the automotive remote diagnostics market size?

Answer: The global automotive remote diagnostics market is expected to reach an estimated $28.4 billion by 2030.

Q2. What is the growth forecast for automotive remote diagnostics market?

Answer: The global automotive remote diagnostics market is expected to grow with a CAGR of 15.8% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the automotive remote diagnostics market?

Answer: The major drivers for this market are growing demand for connected cars, rising need for more efficient and cost-effective vehicle maintenance, and increasing complexity of modern vehicles.

Q4. What are the major segments for automotive remote diagnostics market?

Answer: The future of the automotive remote diagnostics market looks promising with opportunities in the passenger car, light commercial vehicle, and heavy commercial vehicle markets.

Q5. Who are the key automotive remote diagnostics market companies?

Answer: Some of the key automotive remote diagnostics companies are as follows:

• Delphi Technologies
• Vector Informatik
• Bosch Automotive Service Solutions
• Continental
• Snap-on
• Hella Gutmann Solutions
• Vidiwave
• OnStar
• Sierra Wireless
• Autologic Diagnostics

Q6. Which automotive remote diagnostics market segment will be the largest in future?

Answer: Lucintel forecasts that diagnostic equipment will remain the larger segment over the forecast period due to increasing demand for sophisticated diagnostic tools and equipment in order to efficiently monitor and assess the state of vehicles.

Q7. In automotive remote diagnostics market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to rapid adoption of cutting-edge vehicle technologies and rising demand for premium and luxury cars equipped with advanced safety features.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the automotive remote diagnostics market by product type (diagnostic equipments and software), connectivity (3G, 4G LTE, Wi-Fi, and Bluetooth), vehicle type (passenger cars, light commercial vehicles, and heavy commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?