The global commercial vehicle remote diagnostics market to grow at a CAGR of 23.16% during the period 2018-2022.
Global Commercial Vehicle Remote Diagnostics Market 2018-2022, 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.
Automotive remote diagnostics enable automation of vehicle health check 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. Diagnosis refers to the investigation based on real-time vehicle data.
One trend in the market is Evolution of automotive prognostics from automotive remote diagnostics. Automotive remote diagnostics has led to the evolution of new connected technology called prognostics. Prognostics is capable of actively monitoring the vehicle's component health and can notify the customer if any of the component or the system needs attention.
According to the report, one driver in the market is remote diagnostics in vehicles result in cost savings for fleet operators. Increasing cost pressure due to fuel price fluctuations and inefficiencies in fleet operations have become major challenges for fleet operators. In order to efficiently manage cost, fleet operators are working toward optimizing fuel consumption and enhancing fleet management efficiency.
Further, the report states that one challenge in the market is high cost involved in fleet tracking. Setting up telematics in a vehicle incurs high installation costs, which include license cost, setup and installation fees, and payment for customization and integration of telematics with current systems.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
PART 05: MARKET SIZING 2017-2022
PART 06: FIVE FORCES ANALYSIS
PART 07: MARKET SEGMENTATION BY APPLICATION
Comparison by application
LCVs - Market size and forecast 2017-2022
HCV - Market size and forecast 2017-2022
Market opportunity by application
PART 08: CUSTOMER LANDSCAPE
PART 09: REGIONAL LANDSCAPE
Key leading countries
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
Remote vehicle diagnostics could bring a disruption of the OEM-dealer relationships
Evolution of automotive prognostics from automotive remote diagnostics
Cloud content data center enables secure vehicle data storage over cloud