Remote Vehicle Diagnostics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Remote Vehicle Diagnostics Market was valued at USD 12.5 billion in 2023 and is projected to grow at a CAGR of over 16.5% from 2024 to 2032. Key drivers include rising vehicle connectivity, increasing vehicle ownership, and the need for efficient fleet management. According to industry experts, the surge in connected vehicles, equipped with advanced telematics systems, facilitates real-time data collection and transmission for remote diagnostics. As vehicle ownership rises, the demand for efficient maintenance and management solutions becomes evident. Remote diagnostics offer cost-effective solutions, especially for fleet management.

The overall remote vehicle diagnostics industry is classified based on the vehicle, connectivity, application, offering, and region.

The market segments vehicles into passenger cars and commercial vehicles. In 2023, passenger cars dominated with a share exceeding 75%. This segment's growth is fueled by heightened emphasis on vehicle safety, a surge in consumer demand for convenience, and an uptick in vehicle ownership. The rising demand for connected and smart vehicles has paved the way for advanced diagnostic systems. ZF's July 2024 introduction of new functions in passenger cars, including advanced safety features like tire intelligent solutions, illustrates this trend.

Connectivity-wise, the market is segmented into 3G/4G/5G, Wi-Fi, Bluetooth, and other technologies. In 2023, the 3G/4G/5G segment held a dominant share of over 43%. The reliance of connected vehicles on cellular networks for data transmission has spurred the demand for cutting-edge connectivity solutions, notably 4G LTE and 5G. These advancements, offering superior data speeds and reduced latency, are vital for real-time diagnostics. Substantial investments from governments and industry players in mobility solutions underscore the market's growth trajectory.

Europe led the remote vehicle diagnostics market in 2023, commanding a share of around 30%. The surging sales of electric and hybrid vehicles, notably BEVs and PHEVs, are propelling the demand for remote diagnostics. These vehicles, often outfitted with cutting-edge connectivity features like 4G LTE, Wi-Fi, and 5G, seamlessly integrate telematics and IoT into their diagnostic systems. The European Union's stringent regulations, including mandatory OBD systems under Euro 6 emission standards, further bolster this demand.

Product Code: 10640

Chapter 1 Methodology and Scope

1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
1.2 Base estimates and calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
1.3 Forecast model
1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
1.5 Market definitions

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Supplier landscape
- 3.2.1 Component suppliers
- 3.2.2 Manufacturers
- 3.2.3 Technology providers
- 3.2.4 Service providers
- 3.2.5 Distributors
- 3.2.6 End-users
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing vehicle connectivity
  - 3.8.1.2 Rising vehicle ownership and fleet management
  - 3.8.1.3 Regulatory mandates for vehicle safety and emissions
  - 3.8.1.4 Consumer demand for improved vehicle uptime
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Data security and privacy
  - 3.8.2.2 Standardization and integration with existing systems
3.9 Growth potential analysis
3.10 Porter's analysis
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Vehicle, 2021 - 2032 ($Mn)

5.1 Key trends
5.2 Passenger cars
- 5.2.1 Hatchback
- 5.2.2 Sedan
- 5.2.3 SUV
- 5.2.4 Others
5.3 Commercial vehicle
- 5.3.1 Trucks
  - 5.3.1.1 Light duty
  - 5.3.1.2 Medium duty
  - 5.3.1.3 Heavy duty
- 5.3.2 Buses and coach

Chapter 6 Market Estimates and Forecast, By Connectivity, 2021 - 2032 ($Mn)

6.1 Key trends
6.2 3G/4G/5G
6.3 Bluetooth
6.4 Wi-Fi
6.5 Others (such as zigbee)

Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 ($Mn)

7.1 Key trends
7.2 Automatic crash notification
7.3 Vehicle tracking
7.4 Vehicle health alert
7.5 Roadside assistance

Chapter 8 Market Estimates and Forecast, By Offering, 2021 - 2032 ($Mn)

8.1 Key trends
8.2 Diagnostics equipment
- 8.2.1 Scanner
- 8.2.2 Code reader
- 8.2.3 Tester
- 8.2.4 Analyzer
- 8.2.5 Others
8.3 Software
- 8.3.1 Diagnostic software
- 8.3.2 Telematics and fleet management software
- 8.3.3 Remote monitoring software
- 8.3.4 Others

Chapter 9 Market Estimates and Forecast, By Region, 2021 - 2032 ($Mn)

9.1 Key trends
9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Netherlands
- 9.3.7 Sweden
- 9.3.8 Rest of Europe
9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA

Chapter 10 Company Profiles

10.1 Actia Group
10.2 Autel Intelligent Technology Corp
10.3 AVL DiTEST GmbH
10.4 Bosch Automotive Service Solutions
10.5 Continental AG
10.6 Delphi Technologies (BorgWarner)
10.7 Denso Corporation
10.8 Geotab Inc
10.9 Harman International (Samsung)
10.10 Hickok Incorporated
10.11 Launch Tech Co., Ltd
10.12 Magneti Marelli (Marelli)
10.13 Nexteer Automotive
10.14 OnStar (General Motors)
10.15 Robert Bosch GmbH
10.16 Snap-on Incorporated
10.17 Texa S.p.A
10.18 Valeo
10.19 Verizon Connect
10.20 ZF Friedrichshafen AG