Published on : Sep 12, 2019
The global automotive remote diagnostics market is likely to witness healthy growth over the period of appraisal. The market for automotive remote diagnostics is regarded as a high-volume market.
The demand for reduction of service downtime and maintenance has led to the increased adoption of automotive remote diagnostics. It detects issues quite in advance and provides an effective on-time and on-point solution, which fuels growth of the global automotive remote diagnostics market during the stipulated period.
The subsequent progress of the automotive industry, together with increasing adoption of IoT technology in vehicles, and connected car eco-systems, the global automotive remote diagnostics market is poised for growth during the period of assessment.
Europe and North America Emerges as Leading Regional Segments
Original equipment manufacturers and service providers make use of automotive remote diagnostics as a platform to remotely monitor a vehicle’s condition and detect potential issues. As such, it helps in better assessment of a vehicle’s condition. Thus, automotive remote diagnostics assists in diminishing the total time taken for maintenance and downturn, thereby making it cost-effective and time saving process for the customer.
In 2017, Delphi Automotive PLC completed its acquisition process of nuTonomy. The latter is a renowned developer of autonomous driving software solutions. Acquisition of nuTonomy reinforces the position of Delphi Automotive as a leading provider of technology.
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Regionally, Europe is expected to continue being the most promising region for global automotive remote diagnostics market. Europe is expected to witness substantial sales of commercial as well as passenger vehicles, which will shoot up the demand for the market in the region.
North America is another important region that contributes substantially, in terms of revenue, to the global automotive remote diagnostics market. High growth of the market in the region is owing to strict regulations for safety of vehicles, fuel economy, and emissions.