Lewes, DE -- (SBWire) -- 01/13/2017 --Report forecast the global commercial vehicle remote diagnostics market to grow at a CAGR of 19.28% during the period 2017-2021.
Publisher defines automotive remote diagnostics or remote vehicle diagnostics as a solution that enables automation of vehicle health and diagnosis using a wireless network. Vehicle health check refers to monitoring vehicle performance by continuously checking and assessing real-time data of certain parameters.
This process helps to identify any deviation against expected vehicle performance. Diagnosis refers to the investigation based on real-time vehicle data associated with vehicle performance parameter deviation and the determination of root causes of the deviation. This technology offers several business benefits to both customers and OEMs by enabling an effective vehicle health planner.
The report covers the present scenario and the growth prospects of the global commercial vehicle remote diagnostics market for 2017-2021. To calculate the market size, the report considers the penetration of remote diagnostics as a connected service offering/telematics application in commercial vehicles.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, one of the major drivers for this market is expanding used commercial vehicles market. The marketplace for used cars and commercial vehicles has become significantly lucrative for independent dealers and OEM-owned dealer networks. Sources indicate that the used car sales are a few times higher than new car sales, displaying a huge number of options for used car buyers. This makes for very competitive prices. Buyers of used cars prize additional servicing requirements of the vehicle in addition to considering the price and options to choose from.
Further, the report states that one of the major factors hindering the growth of this market is data security in telematics industry. Previously, most M2M communications used proprietary protocols or private networks for connectivity. However, increasing demand for connectivity has forced players in the industry to provide Internet connectivity in their offerings. The major focus is on the functional requirements of telematics devices. As a result, the industry has neglected many non-functional requirements of systems, like data security.
Global Commercial Vehicle Remote Diagnostics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global commercial vehicle remote diagnostics market: Continental, Bosch, Vector Informatik, and Vidiwave.
Other Prominent Vendors in the market are: Actia, Automatic, AVL DITEST, Benedix, CarShield, Carvoyant, Continental, Dash Labs, Delphi, DSA, EASE Diagnostics, Eaton, Emotive, Geotab, Hickok, Magneti Marelli, Mojio, Movimento, Noregon, Openbay, Snap-on, Softing, Sontheim, Texa, TomTom, Voxx International, Wabco, Zonar, and Zubie.
Market driver
- Expanding used commercial vehicles market
- For a full, detailed list, view our report
Market challenge
- Data security in telematics industry
- For a full, detailed list, view our report
Market trend
- Increasing mobile phone integration with the telematics system and vehicle diagnostics based insurance programs
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 89 pages and 21 Exhibits "Global Commercial Vehicle Remote Diagnostics Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Geographical segmentation, Market drivers, Market challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
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