The Electric Vehicle Remote Diagnostics Market is expected to grow from USD 58.3 billion in 2020 to USD 73.7 billion by 2026 at a CAGR of 10.7% from 2020 to 2026.
Electric vehicle remote diagnostics solution is responsible for tracking status of a vehicle about the detection of any issue occurred during operation and identifying real time vehicle parameters to improve its performance. This solution can be used to monitor performance and working condition of electric commercial and electric utility vehicles. Electric vehicle remote diagnostic solution allows customer to use real time data about the vehicle such as routes and charging level for better performance of the vehicle. The surge in sales of hybrid and electric vehicles will be one of the significant factors which will have a positive impact on the electric vehicle remote diagnostics market growth. The increase in electric vehicle production propels the growth of the electric vehicle remote diagnostic market as various electric vehicle manufacturers are implementing remote diagnostics as a business model and is also a discriminating factor in the competitive market. Electric vehicle remote diagnostics is a vital telematics application, and the devices using these solutions use onboard diagnostics systems to identify unsafe driving behaviors, track charging efficiency and track fleet mechanisms. Additionally, the remote diagnostics systems are strong and provide a lot of data and information regarding engines and transmissions. These systems help in cutting down fuel emissions and exhaust tailpipe emissions by ensuring efficient engine operation. Also, onboard diagnostics systems can identify any malfunction in engines. These benefits will result in the increase in the adoption of remote diagnostics in the hybrid and electric vehicles during the forecast period. Furthermore, the automotive industry is projected to experience some structural changes in the near term owing to the rapid developments in new technologies. Artificial intelligence (AI) and machine learning will majorly change the manufacturing process enhancing robotic efficiency, precision and consistency. Level 2 automation as well as active safety systems and driver assistance is enabling OEMs to add luring features and boost revenue growth. However, the dearth of regulations to explore data security problems will hamper the market growth.
The increasing penetration of smartphone and the rising use of vehicle telematics is one of the vital electric vehicle remote diagnostics trends which will contribute to the market growth in the coming years. The usage of telematics technology in mobile phones for the connected vehicle service rendering is on the rise over the years in the electric vehicle segment. The benefits of these improved technologies are projected to propel the use of these connected car offerings.
The global Electric Vehicle Remote Diagnostics Market is segregated on the basis of Types as Plug-in and Wireless. Based on Applications the global Electric Vehicle Remote Diagnostics Market is segmented in Home, Maintenance Shop and Electric Fleet.
The global Electric Vehicle Remote Diagnostics Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Electric Vehicle Remote Diagnostics Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Analysis
Robert Bosch GmbH, Continental AG, OnStar LLC, VectorInformatik and others are among the major players in the global Electric Vehicle Remote Diagnostics Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
The global Electric Vehicle Remote Diagnostics Market has been segmented as below:
Electric Vehicle Remote Diagnostics Market, By Types
Electric Vehicle Remote Diagnostics Market, By Applications
Electric Vehicle Remote Diagnostics Market, By Region
Electric Vehicle Remote Diagnostics Market, By Company
The report covers the below scope:
The years considered for the study are as follows:
Report Scope:
The global Electric Vehicle Remote Diagnostics Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Electric Vehicle Remote Diagnostics Market share. Major industry players with significant revenue share include Robert Bosch GmbH, Continental AG, OnStar LLC, VectorInformatik, Vidiwave Ltd. and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Electric Vehicle Remote Diagnostics Market, By Types
5.1. Key Points
5.2. Plug-in
5.3. Wireless
6. Electric Vehicle Remote Diagnostics Market, By Applications
6.1. Key Points
6.2. Home
6.3. Maintenance Shop
6.4. Electric Fleet
7. Competitive Landscape
7.1. Introduction
7.2. Start-up companies- Electric Vehicle Remote Diagnostics Market
7.3. Recent Developments
7.3.1. Mergers & Acquisitions
7.3.2. New Product Developments
7.3.3. Portfolio/Production Capacity Expansions
7.3.4. Joint Ventures, Collaborations, Partnerships & Agreements
7.3.5. Others
8. Company Profile
8.1. Robert Bosch GmbH
8.2. Continental AG
8.3. OnStar LLC
8.4. VectorInformatik
8.5. Vidiwave Ltd.
8.6. Tech Mahindra Limited
8.7. Verizon Enterprise
8.8. Transics
8.9. INmatix Technology Group
8.10. ACTIA Group
8.11. Delphi Technologies
8.12. Snap-on Incorporated
8.13. Magneti Marelli S.p.A.
8.14. Softing AG
8.15. Vector Informatik GmbH
8.16. Otonomo
8.17. DSA Daten- und Systemtechnik GmbH
8.18. ZF Friedrichshafen AG
8.19. AVL DiTEST GmbH
8.20. DENSO Corp.
8.21. Eaton Corp. Plc
8.22. General Motors Co.
8.23. Geotab Inc.
8.24. International Business Machines Corp.
8.25. Marelli Holdings Co. Ltd.
Electric Vehicle Remote Diagnostics Market, By Types
Electric Vehicle Remote Diagnostics Market, By Applications