Transparency Market Research in its new report titled, “Commercial Vehicle Remote Diagnostics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the commercial vehicle remote diagnostics market. The TMR report anticipates that the increased number of electronic components in a vehicle will drive the commercial vehicle remote diagnostics market during the forecast period i.e, 2018-2026. Automation level of commercial vehicles is increasing with the enhanced need for sophistication. Advanced technologies such as driver assistance systems, vehicle infotainment system, and vehicle connectivity system, are increasingly being incorporated in vehicles, says the report.
According to TMR analyst, a commercial vehicle remote diagnostics system allows the owner to detect the problems much before they occur. It provides data about engine efficiency and vehicle running condition. Any change in vehicle efficiency is detected by the vehicle diagnostics system, and it provides information about corrective measures to be taken. Moreover, increased demand for electric vehicles is also a prominent driver of the commercial vehicle remote diagnostics market. Electric vehicles contain numerous electronic components that need to be monitored properly to ensure appropriate working of the vehicle. Increasing number of connected commercial vehicles is also a major driver of the commercial vehicles remote diagnostics market. Increased digitization, diversified mobility, enlarging autonomous driving technologies, electrification of vehicles, and need for connectivity are likely to boost the demand for commercial vehicles remote diagnostics market.
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The TMR report has segregated the commercial vehicles remote diagnostics market based on connectivity, application, commercial vehicle type, sales channel, and geography. On the basis of connectivity, the commercial vehicles remote diagnostics market is classified into four segments. The Wi-Fi network-based segment is a prominent segment of the market. Most fleet operators prefer this type of connectivity, as it provides ease of access and ease of handling. The cloud-based app segment of the market is gaining popularity amongst the fleet operators. This type of connectivity allows the operator to track the vehicle data from remote location. In terms of commercial vehicle type, the commercial vehicle remote diagnostics market is segregated into three segments. Fleet operators of buses and heavy commercial vehicles are prominent consumers of the remote diagnostics. In terms of sales channel, the commercial vehicle remote diagnostics market is split into two segments. The aftermarket segment dominates the market. Generally, fleet owners prefer to use a remote diagnostic tool as per their preference. There are different types of commercial vehicles remote diagnostics tools available in the aftermarket.
From a regional perspective, the commercial vehicle remote diagnostics market is segmented into five prominent regions. Among these, North America accounts for a significant number of commercial vehicles. Fleet owners in North America have greater awareness about vehicle health. Consequently, they prefer vehicle diagnostics. North America is a major market for commercial vehicle remote diagnostics. Some of the major players operating in the global commercial vehicle remote diagnostics market are profiled in this report and these include WABCO, Embitel, Tech Mahindra Limited, Vidiwave Ltd, Cummins Inc., Robert Bosch GmbH, Continental AG, Airmax Group, Eltima Software, and HARMAN International.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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