Remote Diagnostics Devices Industry, Business Development Analysis
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Posted On: 11/02/2017 2:29:21 AM
Remote Diagnostics Devices Market size is anticipated to witness significant growth from 2017 to 2024. Increase in global sales of hybrid and electric vehicles will primarily drive the industry size.
Various government agencies issue emission standards to control hazardous vehicular emissions. These strict norms for fuel economy and emissions across the globe will provide huge growth prospects for the industry over the forecast timeframe.
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Key focus of original equipment manufacturers (OEMs) towards integration of telematics technology is providing the manufacturers with significant scope of opportunities. Bluetooth,3G/4G, and GPS are among the prominent connectivity technologies used in these Devices. These tools connect to the vehicle internal system, and then evaluate the code and information to determine the cause of the problem. They not only check the current issues, but also prevent the upcoming obstacles.
Based on vehicle type, the remote diagnostic market is segmented as commercial vehicles and passenger cars. Passenger car segment is forecasted to dominate the market over the coming years owing to its increase in production units globally and advancement in enhanced electric technology for vehicles escalating the remote diagnostic market.
Bluetooth technology is expected to contribute to the largest revenue share in the remote vehicle diagnostics market over the forecast timeframe. This technology in remote diagnostics links the vehicle to internet via cellular phone for data transmission from the server. 3G /4G LTE connectivity technology is estimated to be the second largest segment of the remote vehicle diagnostics market owing to its advancements in broadband cellular network and high network speed that supports interactive broadband services which is needed in the application of remote diagnostic devices.
The industry growth in China is attributed to its vast population in respect with rising disposable income for personal transportation that remains unmet using traditional technologies. the market is expected to grow at a high rate in countries such as China, India, South Korea, Japan. Due to its sizable population and increasing disposable income this region has the highest vehicle production in the world.
North America, dominated by U.S. is anticipated to capture substantial share in the market over the coming years due to regional growth that is associated to rising demand for passenger and commercial vehicles with enhanced features, government regulations for mandatory requirement of onboard diagnostic systems and presence and involvement of large automobile manufacturers in the region.
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Europe, led by Germany, UK and France is anticipated to exhibit significant growth owing to increasing sale of electric vehicles in 2016.Gremany recorded 4.54% increase in production of passenger car units in 2016. Latin America is projected to be a significant contributor to the industry owing to the growth in relation to OEM sales in the region.
Delphi Automotive, Magneti Marelli, Continental AG, Robert Bosch GmbH, and VOXX International Corporation are among the prominent participants in the industry. Other notable players include Vector Informatik, Softing AG, Onstar LLC, Snap-On Inc, and Denso Corporation. Industry players focus on collaborating with major local organizations to focus on new product development to increase their presence in vehicle diagnostic market globally. For instance, in 2016 OnStar LLC entered Argentina market to broaden its presence in South America. Other notable players include Hickok Incorporated, Actia SA, Etas GmbH, DG Technologies, Dsa Daten- und Systemtechnik GmbH, Vidiwave, General Technologies Corp, Fluke Corporation, and Kpit Technologies Ltd.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Various government agencies issue emission standards to control hazardous vehicular emissions. These strict norms for fuel economy and emissions across the globe will provide huge growth prospects for the industry over the forecast timeframe.
Request Detailed Table of Contents of this Report @ https://www.gminsights.com/request-sample/detail/2108
Key focus of original equipment manufacturers (OEMs) towards integration of telematics technology is providing the manufacturers with significant scope of opportunities. Bluetooth,3G/4G, and GPS are among the prominent connectivity technologies used in these Devices. These tools connect to the vehicle internal system, and then evaluate the code and information to determine the cause of the problem. They not only check the current issues, but also prevent the upcoming obstacles.
Based on vehicle type, the remote diagnostic market is segmented as commercial vehicles and passenger cars. Passenger car segment is forecasted to dominate the market over the coming years owing to its increase in production units globally and advancement in enhanced electric technology for vehicles escalating the remote diagnostic market.
Bluetooth technology is expected to contribute to the largest revenue share in the remote vehicle diagnostics market over the forecast timeframe. This technology in remote diagnostics links the vehicle to internet via cellular phone for data transmission from the server. 3G /4G LTE connectivity technology is estimated to be the second largest segment of the remote vehicle diagnostics market owing to its advancements in broadband cellular network and high network speed that supports interactive broadband services which is needed in the application of remote diagnostic devices.
The industry growth in China is attributed to its vast population in respect with rising disposable income for personal transportation that remains unmet using traditional technologies. the market is expected to grow at a high rate in countries such as China, India, South Korea, Japan. Due to its sizable population and increasing disposable income this region has the highest vehicle production in the world.
North America, dominated by U.S. is anticipated to capture substantial share in the market over the coming years due to regional growth that is associated to rising demand for passenger and commercial vehicles with enhanced features, government regulations for mandatory requirement of onboard diagnostic systems and presence and involvement of large automobile manufacturers in the region.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquirybefore-buying/2108
Europe, led by Germany, UK and France is anticipated to exhibit significant growth owing to increasing sale of electric vehicles in 2016.Gremany recorded 4.54% increase in production of passenger car units in 2016. Latin America is projected to be a significant contributor to the industry owing to the growth in relation to OEM sales in the region.
Delphi Automotive, Magneti Marelli, Continental AG, Robert Bosch GmbH, and VOXX International Corporation are among the prominent participants in the industry. Other notable players include Vector Informatik, Softing AG, Onstar LLC, Snap-On Inc, and Denso Corporation. Industry players focus on collaborating with major local organizations to focus on new product development to increase their presence in vehicle diagnostic market globally. For instance, in 2016 OnStar LLC entered Argentina market to broaden its presence in South America. Other notable players include Hickok Incorporated, Actia SA, Etas GmbH, DG Technologies, Dsa Daten- und Systemtechnik GmbH, Vidiwave, General Technologies Corp, Fluke Corporation, and Kpit Technologies Ltd.
Pre-book This Upcoming Report @ https://www.gminsights.com/securecheckout/pay...ycod=sugmp
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
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