Research on Global Automotive Remote Diagnostics Market 2016-2020 is new report adds on RnRMarketResearch.com. The analysts forecast global automotive remote diagnostics market to grow at a CAGR of 14.07% during the period 2016-2020.
Complete report available at http://www.rnrmarketresearch.com/global-automotive-remote-diagnostics-market-2016-2020-market-report.html .
A noteworthy trend is the increasing mobile phone integration with the telematics system. The use of mobile phones for connected car service offerings (by enabling telematics capability on mobile phones) has been in use for more than a decade now. However, the significantly higher financial benefits associated with such practices are likely to drive the usability of several connected car offerings. Though mobile phones cannot entirely substitute a complete telematics application package, several telematics services can be offered through the device. The driver's personal mobile phone can be configured for telematics use, so that the vehicles' telematics hardware can utilize the mobile phone of the driver to transmit diagnostic information.
According to the report, a key driver of market growth is the expanding market for used passenger and commercial vehicles. The market place for used cars and commercial vehicles has become significantly lucrative for independent dealers and OEM-owned dealer networks. Sources indicate that the used car sales are a few times higher than new car sales, displaying a huge number of options for used car buyers. This makes for very competitive prices. Buyers of used cars prize additional servicing requirements of the vehicle in addition to considering the price and options to choose from. Such criteria also guide potential buyers to preferred user car dealerships. Remote vehicle diagnostics may help the buyer with access to the complete service history of the vehicle.
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The report, Global Automotive Remote Diagnostics Market 2016-2020, 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.
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The analysts defines automotive remote diagnostics or remote vehicle diagnostics as a solution that enables automation of vehicle health 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. This process helps to identify any deviation against expected vehicle performance. Diagnosis refers to the investigation based on real-time vehicle data associated with vehicle performance parameter deviation and the determination of root causes of the deviation. This technology offers several business benefits to both customers and OEMs by enabling an effective vehicle health planner. The use of this technology curbs vehicle downtime and service time. Such reductions are part of effective aftersales service and product/service differentiation that can be offered to the customer.
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The report covers the present scenario and the growth prospects of the global automotive remote diagnostics market for 2016-2020. Main players in the global automotive remote diagnostics market: Robert Bosch GmbH, Continental AG, OnStar, Vector, and Vidiwave. Other Prominent Vendors in the market are: Automatic, ACL DITEST GmbH, CarShield, Carvoyant, Dash Labs, Delphi, DSA, EASE Diagnostics, Emotive, Hickok Incorporated, Magneti Marelli, Mercedes-Benz, Mojio, Movimento, Openbay, Snap-on, Softing, Sontheim, Texa, Voxx International, and Zubie.
Further, the report states that a major challenge which could curtail market growth is the use of low cost after-market components.
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