PUBLISHER: TechNavio | PRODUCT CODE: 1502431
PUBLISHER: TechNavio | PRODUCT CODE: 1502431
Technavio has been monitoring the electric vehicle remote diagnostics market and is forecast to grow by USD 4104.5 mn during 2023-2028, accelerating at a CAGR of 39.04% during the forecast period. Our report on the electric vehicle remote diagnostics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by reducing battery pack prices boosting EV demand, prominent OEMs focused on improving automotive services, and favorable regulatory environment supporting ev adoption globally.
Technavio's electric vehicle remote diagnostics market is segmented as below:
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 29.04% |
CAGR | 39.04% |
Incremental Value | $4104.5mn |
By Application
By Type
By Geography
This study identifies the growing popularity of remote diagnostics services in electric buses as one of the prime reasons driving the electric vehicle remote diagnostics market growth during the next few years. Also, advanced analytics usage to optimize vehicle efficiency and 5G technology prominence in automotive market to improve remote vehicle diagnosis will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the electric vehicle remote diagnostics market covers the following areas:
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electric vehicle remote diagnostics market vendors that include AB Volvo, Beijing Automotive Group Co. Ltd., Bayerische Motoren Werke AG, Chongqing Changan Automobile Co. Ltd., Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., KIA CORP., Li Auto Inc., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault SAS, Stellantis NV, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen AG. Also, the electric vehicle remote diagnostics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
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