Increasing OEM pressure for better vehicle performance is bolstering the demand of remote diagnostic market during the forecast period.
Albany, NY -- (SBWIRE) -- 08/11/2017 -- In recent years, demand for safety and awareness about vehicle diagnostics has grown which, as a result, given positive impact to the remote diagnostic market. According to the latest study findings, rising awareness among consumers for vehicles to comply with road safety directives and emission standards are among the prominent factors fuelling the growth of remote diagnostics market. Considering this fact, a new research report with a title "Remote Diagnostic Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025" has been recently added to the vast online repository of Market Research Hub (MRH). This report evaluates the future prospects of remote diagnostics market for the years from 2015 to 2025. The primary objective of the report is to offer insights on the recent advancements in the market that are anticipated to drive market growth.
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As per the analysts' predictions, the global remote diagnostics market is all set to register an impressive 14.8% CAGR for the forecast period between 2017 and 2025. Growing at this pace, the market will become worth US$42.04 bn by 2025 increasing from US$12.88 bn in 2016. At present, increasing demand for Real Driving Emission Test is one of the important key trends in the global remote diagnostic market.
The first part of the study begins with an executive summary which covers market overview, market dynamics and detailed segmentation by application, vehicle type, connectivity and region. Remote diagnostics combines dynamic mapping, vehicle health reports, fault code action plans, and notification alerts. The research identifies that remote diagnostics is an important factor in the automotive industry today. Remote vehicle diagnostics solutions help in determining the root source of the vehicle problem, monitoring the health of the vehicle, and provides real time information on vehicle limitations to evaluate its performance. Also, advancement in the existing technology is likely to create opportunities in the remote diagnostic market globally.
The geographical bifurcation includes North America, Asia Pacific, Middle East and Africa, Europe and Latin America as the prime regions for assessing the market size. Of these, North America is the most promising market which has led the overall market in terms of revenue contribution in 2016. Asia Pacific is accounted for fastest growing region globally. On the basis of application, the market has been categorized into roadside assistance, vehicle tracking, vehicle state alert, crash notification, training assistance and others. By connectivity, it includes Bluetooth, Wi-Fi and 3G/4G.
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The major key players in the remote diagnostic market encompass Robert Bosch GmbH, Continental AG, OnStar LLC, Delphi Automotive PLC, Mercedes-Benz, Magneti Marelli S.p.A., Softing AG, Voxx International Corporation, Vector Informatik GmbH and Vidiwave Ltd. among others. Company profiling also includes attributes such as company overview, financial overview, products and services portfolio, major recent developments and key strategies within the report.
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