Technavio, a tech-focused market research firm, has published a new report on the global commercial vehicle remote diagnostics market, which is expected to post an impressive growth rate with a CAGR of more than 19% during the forecast period 2017-2021.
This latest report by Technavio covers the market outlook and growth prospects of the global commercial vehicle remote diagnostics market for 2017-2021, considering 2016 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global commercial vehicle remote diagnostics market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global commercial vehicle remote diagnostics market for 2016 (market share %)
|
Americas |
44.19% |
|
EMEA |
33.74% |
|
APAC |
22.07% |
Source: Technavio
Commercial vehicle remote diagnostics market in the Americas
In 2016, the Americas accounted for the maximum share of around 44% in the global commercial vehicle remote diagnostics market and is expected to grow at a CAGR of around 18% during the forecast period. The automotive telematics market is concentrated in developed countries where the adoption of high-end vehicles is relatively high. These countries also have a well-established connectivity infrastructure.
According to Siddarth Jaiswal, a lead analyst at Technavio, specializing in research on automotive electronics, “The Americas are the largest market for remote diagnostics solutions in the world. Remote vehicle diagnostics has captured a prominent place from the extension of the tradition OBD that has been in existence in the region for a very long time. The market here will be increasingly driven by feature upgrades and newer business models aimed at developing additional revenue streams for OEMs. The market for remote diagnostics is expected to find attractive growth rates owing to the strong need being felt by the fleet operators and managers.”
Like the OBD systems that were primarily aimed at curbing emissions and increasing fuel efficiency, remote vehicle diagnostics will also continue to perform the job of alerting the driver but through a wireless network.
Click here to request a free sample of this report
Commercial vehicle remote diagnostics market in EMEA
In EMEA, Europe constitutes a major share in the commercial vehicle remote diagnostics market. Germany is the key contributor to the market in the region as it is one of the top automotive manufacturing countries in the world. With the growing safety concerns among both consumers and governments, regarding passengers’ safety, the demand and usage of automotive telematics in the EU has increased. The regulatory initiatives by EU in the passenger vehicle category are likely to offer positive regulatory and business scenario for penetration of connected vehicle offerings and telematics in the commercial vehicle category. Technavio believes that this region has considerable penetration levels because Europe is home to several global luxury automobile manufacturers such as BMW, Audi, Mercedes-Benz, and Volkswagen.
Commercial vehicle remote diagnostics market in APAC
APAC is expected be one of the fastest-growing regions in the global commercial vehicle remote diagnostics market growing at a CAGR of around 24%. The growth is attributed to the growing demand in the trucking industry from emerging markets such as India, Malaysia, China, and Indonesia. The increased demand for fleet management and vehicle tracking services is likely to be instrumental in driving the market for commercial vehicle remote diagnostics in the region. The increase in the numbers of telematics product buyers should boost awareness levels on the benefits that arise from vehicle connectivity technologies. All these put together should drive the penetration and adoption of remote vehicle diagnostics in the region.
The top leading vendors operating in the global commercial vehicle remote diagnostics market are:
- Continental
- Bosch
- Vector Informatik
- Vidiwave
Other prominent vendors in the market include 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.
A more detailed analysis is available in the Technavio report titled, ‘Global Commercial Vehicle Remote Diagnostics Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Automotive Remote Diagnostics Market 2016-2020
- Global Automotive Personal Navigation Systems Market 2016-2020
- Global Autonomous Vehicle Development Platform Market 2017-2021
To read more press releases- click here.
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
