CHANNELS

Subscribe to the InfoTech eNewsletter

infoTECH News

TMCNet:  Worldwide Remote Diagnostics Market: Stringent Vehicular Emission Norms Boosts Growth, Says TMR

[July 12, 2017]

Worldwide Remote Diagnostics Market: Stringent Vehicular Emission Norms Boosts Growth, Says TMR

ALBANY, New York, July 12, 2017 /PRNewswire/ --

Players in the�global remote diagnostics market�are raising the competition bar through product differentiation and after-sales support and service to customers, notes a new publication by Transparency Market Research (TMR). Among them, Robert Bosch GmbH, Continental AG, OnStar LLC, Mercedes-Benz, Magneti Marelli S.p.A., Delphi Automotive plc, Softing AG, Voxx International Corporation, and Vector Informatik are a few key companies.

A report by Transparency Market Research forecasts the global remote diagnostics market to register an impressive 14.8% CAGR between 2017 and 2025. If the figure holds true, the market's valuation of US$12.88 bn in 2016 is expected to reach US$42.04 bn by 2025.

Depending upon application, the global remote diagnostics market can be segmented into roadside assistance, vehicle tracking, state alert, crash notification, and training assistance. Of these, in 2016, the segment of roadside assistance stood as the leading contributor in terms of revenue. Increasing demand for safety and security features of vehicles is the key factor stirring growth of roadside assistance segment.

Early Adoption of Technology Propels North America Market

The segments of the remote diagnostics market in terms of vehicle type are commercial vehicles and passenger vehicles. Of the two, passenger vehicles led the market in 2016 revenue-wise.

The key geographical segments into which the global remote diagnostics market is divided are North America, Asia Pacific, Middle East and Africa, Europe, and Latin America. North America powered by the U.S. led the market in 2016 in terms of revenue due to early adoption of technology.

Vehicle Safety Regulations Stokes Growth

At the forefront of driving growth in the global remote diagnostics market are strict regulations for emissions and fuel economy across the world. Government agencies issue emission standards in order to curb hazardous vehicular emissions. This is where remote monitoring systems are useful to monitor carbon and other harmful gases emitted from vehicles. In 2011, the U.S President announced an agreement with key automakers to double fuel efficiency to nearly double to 54.5 m.p.g, by means of which motorists can save fuel costs up to US$1.7 trillion over the lifespan of vehicles. While vehicular emission standards are region specific, the use of remote vehicle diagnostics ensures that vehicles discharge particulate matter within permissible limits. This factor is likely to greatly influence the remote diagnostic market during the forecast period.

Get PDF Sample for this Research Report @http://www.transparencymarketresearc.com/sample/sample.php?flag=S&rep_id=19292

Additionally, demand for remote vehicle diagnostics solutions is on the rise as part of technological advancement of the automotive industry. Connectivity technologies that are used in remote diagnostic solutions include Bluetooth, 3G/4G, and GPS.

Another significant growth driver of the market is increasing demand for safety and security and awareness about vehicle diagnostics. This is because consumers in developed and developing countries are opting for remote diagnostics systems for four service areas, which are GPS navigation, wireless safety communication, integrated hands free cell phones, and automatic driving assistance systems. Moreover, increasing safety standards in place by governments is also responsible for the increased use of remote diagnostic systems.

Concerns of Vehicle Hacking Crimps Growth

Despite several driving factors, there are several factors restraining the growth of remote diagnostic market. The key among them is concern related to data security. This is because modern vehicles are equipped with hi-tech devices to observe the status of the vehicle at all times. However, this poses risk of vehicle hacking using computer-generated information with respect to vehicle functionality and driver information.

Get more information from Research Report Press Release:http://www.transparencymarketresearch.com/pressrelease/remote-diagnostics-market.htm

The information presented here is based on the findings of a report by Transparency Market Research, titled�"Remote Diagnostic Market (Application - Roadside Assistance, Vehicle Tracking, Vehicle State Alert, Crash Notification, and Training Assistance; Vehicle Type - Commercial Vehicles and Passenger Vehicles; Connectivity - Bluetooth, 3G/4G and Wi-Fi) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 -2025."

The global remote diagnostics market is segmented into:

Remote Diagnostic Market, by Application:

  • Roadside Assistance
  • Vehicle Tracking
  • Vehicle State Alert
  • Crash Notification
  • Training Assistance
  • Others

Remote Diagnostic Market, by Vehicle Type:

  • Commercial Vehicles
  • Passenger Vehicles

Remote Diagnostic Market, by Connectivity:

  • Bluetooth
  • 3G/4G
  • Wi-Fi

Remote Diagnostic Market, by Geography:

- North America

  • U.S.
  • Canada
  • Rest of North America

- Europe

  • U.K.
  • Germany
  • France
  • Italy
  • Rest of Europe

- Asia Pacific

  • India
  • China
  • Japan
  • Rest of Asia Pacific

- Middle East & Africa

  • South Africa
  • U.A.E.
  • Rest of Middle East and Africa

- Latin America

  • Brazil
  • Rest of Latin America

Top Research Report by TMR:

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

US Office Contact:

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com

Google+: https://plus.google.com/+Transparencymarketresearch

TMR Blog: http://www.editiontruth.com/
�������� http://www.techyounme.com/



[ InfoTech Spotlight's Homepage ]


blog comments powered by Disqus

FOLLOW US

Subscribe to InfoTECH Spotlight eNews

InfoTECH Spotlight eNews delivers the latest news impacting technology in the IT industry each week. Sign up to receive FREE breaking news today!
FREE eNewsletter

infoTECH Whitepapers