#Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Share
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Europe remote diagnostics systems for heavy commercial vehicles market was valued at USD 320.40 million in 2021 and is expected to reach USD 1057.67 million by 2029, registering a CAGR of 16.10% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production and sales, and pestle analysis.
#Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market#Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Share#Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Size.
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Global IoT Fleet Management Market
Global IoT Fleet Management Market is anticipated to reach US$ 13.96 Bn by 2026 from US$ 4.56 Bn in 2020 at a CAGR of 20.5 % during a forecast period.
Global IoT Fleet Management Market Overview
The Internet of Things Fleet Management is a combination of software, hardware, and communication technologies that provides a variety of solutions. Vehicle tracking and monitoring, fleet analysis, fuel management, remote diagnostics, and driver monitoring & performance monitoring are all part of these systems. Similarly, factors such as Internet connectivity, technology advancement, and the need for optimum operational efficiency are expected to increase the growth of the IoT fleet management market.
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The report includes a comprehensive background analysis of the rail freight market, including an analysis of industry and economic sector contributions. The report has covered the market trends from 2015 to forecast the market through 2026. Where 2019 is considered a base year however the numbers for 2020 are considered based on the actual output of the market's companies.
The report contains an analysis of the impact of COVID-19 lockdown on the revenue of the market and its effect on the demand and supply of the market. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global IoT Fleet Management Market Dynamics
The introduction of the internet of things has enabled vehicles to perfectly connect to smart devices while providing real-time traffic warnings and emergency roadside assistance. Furthermore, upcoming fleet safety regulations are expected to broaden the market's growth during the forecast period. Thus, governments in many countries are enacting laws and implementing fleet safety programs to secure fleet solutions. All of the factors mentioned are likely to drive markets growth over the forecast period.
The increasing number of fleet vehicles, increased road freight traffic, and increased environmental pollution levels around the world are all driving the growth of the global IoT fleet management market. According to gathered statistics, Commercial vehicle sales are expected to increase by approximately 25% during the forecast period. As a result, increasing global commercial vehicles, as well as growing transportation & logistics operations with lower maintenance costs, are expected to drive markets growth.
However, the lack of adequate IoT infrastructure in developing countries is expected to hamper the growth of the market during the forecast period.
Global IoT Fleet Management Market Segmentation Analysis
By Platform, the device management segment dominated the market, with market size of US$ xx Mn. in 2019 and to reach US$ xx Mn. by 2026, with a CAGR of xx%. The factors like remote access, equipment confirmation, observation, investigation, as well as offering security against malware threats and hacking, have all contributed to the segment's growth. Apart from that, the widespread adoption of personalized devices such as tablets and smartphones for regulating and monitoring device security is expected to drive the growth of the segment throughout the forecast period.
By Services, the managed services segment dominated the market, with a market size of US$ 215.15 Mn. in 2019 and to reach US$ xx Mn. by 2026, with a CAGR of xx%.
The managed services segment offers flexibility and handles various operations efficiently, cutting total operational costs. The service segment also aids in the performance of the intended function by the client's individual needs, resulting in greater customer satisfaction. Furthermore, the growing trend of outsourcing management functions to cloud service providers and managed service providers is likely to support the segment's growth.
Global IoT Fleet Management Market Regional Insights
In 2019, North America dominated the global market for IoT fleet management, representing xx% of the market share. The market's growth in this region is attributed to rising fleet vehicle sales, a high rate of adoption of modern technical items, a strong network infrastructure, and government regulatory rules. Furthermore, an increase in the number of public vehicles, passenger vehicles, and heavy trucks in the country such as the United States is also contributing to regions growth.
The Asia-Pacific region is expected to grow at a CAGR of 5.3 percent during the forecast period. The rising automotive production in China, India, and South Korea, as well as a growing need for improved passenger comfort and safety in automobiles, drives the market growth in the region. Over 45 million passenger autos were sold in the Asia Pacific in 2019, with China remaining the biggest seller with approximately 24 million vehicles sold.
Frequently Asked Questions
What is the projected market size & growth rate of the IoT Fleet Management Market?
Ans : IoT Fleet Management Market was valued at USD 4.51 Billion in 2018 and is projected to reach USD 19.94 Billion by 2026, growing at a CAGR of 20.4% from 2019 to 2026.
What is IoT Fleet Management Market?
Ans : IoT Fleet Management is the combination of software, hardware, and communication technology. It offers a wide range of services, including fleet analytics, remote diagnostics, fuel management, predictive maintenance, vehicle tracking and monitoring, and more.
What are the key driving factors for the growth of the IoT Fleet Management Market?
Ans : The combination of smart devices and cars is one of the key factors driving the growth of the IoT fleet management market.
What segments are covered in IoT Fleet Management Market?
Ans : Global IoT Fleet Management Market is segmented based on Fleet Type, Platform, Services, Cloud Deployment, Solutions and Region.
What are the top players operative in IoT Fleet Management Market?
Ans : Sierra Wireless, Trimble, Inc., Omnitracs, IBM Corporation, Cisco Systems, Inc., Verizon Communications, Inc., AT&T, Inc., TomTom International BV, Intel Corporation, and Telefónica S.A.
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Global IoT Fleet Management Market Scope: Inquire before buying
Global IoT Fleet Management Market by Region
• North America
• Asia pacific
• Europe
• Middle East and Africa
• South America
Global IoT Fleet Management Market Key Players
• International Business Machines Corporation (IBM)
• Omnitracs
• Telefonica S.A.
• Verizon Communications Inc
• Intel Corporation
• AT&T Inc
• Cisco Systems Inc
• Trimble Inc
• Tomtom International BV
• Sierra Wireless
• AT&T, Inc
• Cisco Systems, Inc
• Verizon Communications, Inc
• TomTom International BV
• Trimble, Inc.
• IBM Corporation
• Omnitracs
• Sierra Wireless
• Intel Corporation
• Telefónica S.A
• AT&T, Inc.
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Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Global Industry Analysis Size, Share, Trends and Profitable Segments Breakdown and Detailed Analysis of Current and Future Industry Figures till 2027|Key Players Delphi Technologies, Robert Bosch GmbH, Softing AG, Tech Mahindra Limited, Eaton, Vidiwave Ltd, Magneti Marelli Parts & Services
Remote diagnostics systems for heavy commercial vehicles market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal. Europe remote diagnostics systems for heavy commercial vehicles market competitive landscape provide details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The below data points provided are only related to the companies’ focus related to Europe remote diagnostics systems for heavy commercial vehicles market.
Remote diagnostics systems are the tools which are used to monitor the maintenance of the vehicles; they help to reduce vehicle down time in order to decrease the maintenance cost. Technology advancement in the automobile sector will accelerate the market growth. The 90% of innovations happening in the automobile sector are automotive electronics and software, these functions to be diagnosed, analyzed and maintained. Government regulations on vehicle emission in Europe will further create new opportunities that impact these remote diagnostics systems for heavy commercial vehicles market growth in the forecast period to 2027.
Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market, By Offering (Hardware, Software and Service), Vehicle Type (Bus, Coach, Tractor, Truck, Construction Equipment and Trailer), Application (Vehicle Tracking, Vehicle Health Alert, Automatic Crash Notification and Roadside Assistance), Channel (OEM and Aftermarket), Country (Germany, U.K, France, Italy, Spain, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe), Market Trends and Forecast to 2027 Europe remote diagnostics systems for heavy commercial vehicles market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a highest CAGR of 16.1% in the forecast period of 2020 to 2027 and expected to reach USD 918.61 million by 2027. Increasing concern about reducing exhaust emissions from vehicles across the Europe and increase in vehicle sales are the factors accelerating the market growth.
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Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Country Level Analysis:
Europe market is analyzed and market size information is provided by country by vehicle type, offering, application, and channel type as referenced above.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, and regulatory act and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
The countries covered in the Europe remote diagnostics systems for heavy commercial vehicles Market report are Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and rest of Europe in Europe. Europe remote diagnostics systems for heavy commercial vehicles market is growing due to rising government standards towards cutting down emission from environment has resulted in implementing diagnosis system in the vehicle. For instance, In April 2019, European parliament and council introduced a new regulation (EU) 2019/631 for setting performance standards for Co2 emission. This regulation is introduced to decrease the carbon emission by vehicles and it is applicable to passenger cars and commercial vehicles.
Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Scope and Market Size:
Europe remote diagnostics systems for heavy commercial vehicles market is segmented on the basis of offering, vehicle type, application and channel. The growth among segments helps you to analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of offering, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into on hardware, software and services. Hardware holds largest market share due to rising government regulation in the European countries which has further increased its deployment in the vehicles. For instance, according to the European On-Board Diagnosis (EOBD), the vehicles sold after 2001 must have OBD system for analyzing engine emission.
On the basis of vehicle type, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into on truck, construction equipment, bus, coach, tractor and trailer. Truck accounted largest market share is helping in growing adoption of transport in various sector for loading and unloading goods. This has result in increasing the production of truck which in turn increases the demand for the installation of remote diagnostic system for monitoring the vehicle emission.
On the basis of application, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into vehicle tracking, vehicle health alert, automatic crash notification, and roadside assistance. Vehicle tracking accounted largest market share, the rising government concern towards safety of the people has result in integration of tracking devices in the vehicle. For instance, U.K government has enforces law that the vehicles must have tracking devices system.
On the basis of channel, the market is segmented into OEM and aftermarket. OEM accounts the largest market share because of the presence of major players of the market such as Delphi technologies, TomTom International B.V and many others. These companies continuously adopt business strategies that result in increasing demand for the remote diagnostic solution. These companies have increased their production of remote diagnostic solution due to the stringent government regulation regarding vehicle safety and emission.
The major players covered in the report are Delphi Technologies, Robert Bosch GmbH, Softing AG, Tech Mahindra Limited, Eaton, Vidiwave Ltd, Magneti Marelli Parts & Services, TomTom International BV, Vector Informatik Gmbh, TEXA S.p.A, Continental Aggeneral Motors (Onstar), and Wabco, Cojali S.L. among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In December 2019, Eaton, a power management company acquired the France based Souriau-Sunbank Connection Technologies, which is involved in providing electrical interconnect solutions for different industries like, defence, energy, transport industries and aerospace. This acquisition helps the company to enter into new electrical markets and increase its customer base.
In September 2019, Renault-Nissan and Microsoft signed an agreement to advance connected vehicle diagnostic services. This is expected to generate opportunities into to the market.
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What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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Automotive Telematics Market Research Report |COVID-19 Impact and Future Scope Analysis Forecast till 2027
Global Automotive Telematics Market: Introduction
According to the report, the automotive telematics market is projected to reach a value of ~US$ 99 Bn by 2027, expanding at a CAGR of ~17% during the forecast period. The automotive telematics market is likely to be driven by the rise in preference for security and safety features in vehicles. For instance, automotive telematics is gaining popularity and is largely being demanded by consumers in the Western hemisphere. Automotive telematics helps optimize the efficiency of the vehicle and improvises the traffic flow in a specific region. It helps smoothen the management of vehicle fleet and hence, high rate of adoption among vehicle fleet owners and expansion of rental services are boosting the market for automotive telematics.
Expansion of Automotive Telematics Market
Market for automotive telematics is expanding significantly across all regions. Europe and North America are highly developed markets for automotive telematics, and they are estimated to expand at a notable pace during the forecast period. Significant increase in cases of vehicle theft and traffic fatalities, along with rise in sales of vehicles, encouraged manufacturers to integrate connected vehicle devices in their vehicles. Stolen vehicle tracking and eCall features offered by telematics services are highly popular among passenger vehicle owners. Presence of large population and high traffic congestion in Asia Pacific make recovery of stolen vehicles in the region highly difficult; however, stolen vehicle tracking is expected to make the task of recovering the vehicle notably easier for governing authorities.
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Enhanced efficiency of vehicles and fleet management are key drivers of the market. Moreover, high fuel economy and low carbon emission are prime concern of fleet owners. Thus, telematics service providers help enhance the economy of the vehicle.
Electronic toll collection and congestion charge are key features provided by telematics service providers in some parts of Europe, which are facing parking issues and traffic jams, owing to high rate of motorization, such as those experienced in the city of London. The electronic toll collection system automatically scans the number plate or QR code mounted on the vehicle and deducts the amount from the account of the vehicle owner, which leads to easier flow of traffic. Telematics services offer several features that ultimately turn out to be highly convenient for vehicle owners, such as remote control of the vehicle, vehicle health diagnostic, over the air updates, connected navigation, and infotainment.
In terms of application, vehicle tracking and fleet management services are prominent segments of the market. Adoption of telematics services and technology and advanced technologies in vehicles to enhance safety are anticipated to propel the automotive telematics market.
Regional Analysis of Automotive Telematics Market
In terms of region, the automotive telematics market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held a prominent share of the market in 2018, due to the presence of large vehicle fleet and high rate of adoption of automotive telematics in ASEAN countries and surge in adoption in India and China. Europe and North America are mature markets for automotive telematics.
Prominent players operating in the global automotive telematics market include Agero Inc., Clarion, Continental AG, Delphi Technologies, Denso Corporation, Embitel, HARMAN International, Inseego Corp, Intel Corporation, LG Electronics, Luxoft, Magneti Marelli S.p.A., Masternaut Limited, Microlise, NTT Docomo Inc., Omnitracs, Panasonic Corporation, Qualcomm Technologies, Inc., Robert Bosch GmbH, Telogis, TomTom International B.V., Trimble Inc., Valeo, Verizon, and Vodafone Automotive SpA.
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Global Automotive Telematics Market: Segmentation
Embedded
Tethered
Integrated
Vehicle Tracking
Fleet Management
Satellite Navigation
Vehicle Safety Communication
Others
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
OEM
Aftermarket
U.S.
Canada
Germany
U.K.
France
Italy
Spain
Rest of Europe
China
India
Japan
ASEAN
Rest of Asia Pacific
GCC Countries
South Africa
Rest of Middle East & Africa
Brazil
Mexico
Rest of Latin America
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Remote Diagnostics Devices Market Revenue and Growth Rate Research Report By 2026
A new market intelligence report released by Data Bridge Market research with titled “Global Remote Diagnostics Devices Market” (covering USA, Europe, China, Japan, India, South East Asia and etc) that provide information, statistics, facts and figures, corporate intelligence, economic data, innovation drivers which are very supportive for the companies to maximize or minimize the production of goods depending on the states of demand. This global Remote Diagnostics Devices business report makes available a profound overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. Businesses can achieve key statistics on the market status of regional and global manufacturers along with precious guidance and direction to drive the business towards the growth and success. The major scope of this Remote Diagnostics Devices market research report involves industry research, customer insights, market sizing and forecast, competitive analysis, market entry strategy, pricing trends, sustainability trends, innovation trends, technology evolution, and distribution channel assessment.
According to the latest research, global demand for remote diagnostics devices market is set to witness a stable CAGR in the forecast period. Increasing scale of hybrid vehicles and rising demand for wearable ECG monitor are the major factor for the growth of this market.
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If you are involved in the Remote Diagnostics Devices industry or intend to be, then this study will provide you comprehensive outlook. It’s vital you keep your market knowledge up to date segmented by Product Type (Diagnostic Equipment, Software), Vehicle Type (Passenger Cars, Light Commercial Vehicle, Heavy Commercial Vehicle), Connectivity (Bluetooth, 3G/4G, Wi- Fi), Application (Vehicle System and Component Access, Vehicle Health Tracking & Diagnosis, Service Assistance), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
What are the major market growth drivers?
Increasing sales of electric and hybrid vehicles is driving the market growth
Rising prevalence for in- vehicle diagnostic technology will also propel market
Technological advancement and development in remote diagnostics devices will also act as a driver for this market
Increasing demand for support in emergency is driving market
Key Market Competitors: Remote Diagnostics Devices Market
Few of the major competitors currently working in the global remote diagnostics devices market are Robert Bosch GmbH, Continental AG, OnStar, LLC., Vidiwave Ltd, Tech Mahindra Limited, Verizon, Transics, ACTIA Group, Magneti Marelli S.p.A, Softing AG, Remote Diagnostic Technologies Limited, Actia UK, ETAS, General Technologies Corp., KPIT, Fluke Corporation, DSA Daten- und Systemtechnik GmbH, VOXX International., RemoteA, Mindteck among others.
Key Insights that Study is going to provide:
The 360-degree Remote Diagnostics Devices overview based on a global and regional level
Market Share & Sales Revenue by Key Players & Emerging Regional Players
Competitors - In this section, various Remote Diagnostics Devices industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
Patent Analysis** No of patents / Trademark filed in recent years.
A complete and useful guide for new market aspirants
Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
Supply and Consumption - In continuation of sales, this section studies supply and consumption for the Remote Diagnostics Devices Market. This part also sheds light on the gap between supply and consumption. Import and export figures are also given in this part
Production Analysis - Production of the Remote Diagnostics Devices is analyzed with respect to different regions, types and applications. Here, price analysis of various Remote Diagnostics Devices Market key players is also covered.
Sales and Revenue Analysis - Both, sales and revenue are studied for the different regions of the Remote Diagnostics Devices Market. Another major aspect, price, which plays an important part in the revenue generation, is also assessed in this section for the various regions.
Other analyses - Apart from the information, trade and distribution analysis for the Remote Diagnostics Devices Market
Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.
May vary depending upon availability and feasibility of data with respect to Industry targeted
Key Developments in the Market:
In June 2018, Royal Philips announced that they have acquired Remote Diagnostic Technologies so that they can expand them in the emergency care market. This acquisition will help them to expand their portfolio in emergency care solutions and will be able to provide better connected and data driven solutions to their customers
In September 2016, Toshiba TEC announced the launch of their e-BRIDGE CloudConnect which is a cloud-based support solution. They have proactive device status alerts and remote diagnostics and automated meter readings and JIT (Just in Time) replenishment of supplies. It has the ability to monitor and diagnose the health of the entire estate and also can accept the repair codes. It provide fast diagnostics
Market Dynamics: Set of qualitative information that includes PESTEL Analysis, PORTER Five Forces Model, Value Chain Analysis and Macro Economic factors, Regulatory Framework along with Industry Background and Overview
Some extract from Table of Contents
Overview of Global Remote Diagnostics Devices Market
Remote Diagnostics Devices Size (Sales Volume) Comparison by Type
Remote Diagnostics Devices Size (Consumption) and Market Share Comparison by Application
Remote Diagnostics Devices Size (Value) Comparison by Region
Remote Diagnostics Devices Sales, Revenue and Growth Rate
Remote Diagnostics Devices Competitive Situation and Trends
Strategic proposal for estimating availability of core business segments
Players/Suppliers, Sales Area
Analyze competitors, including all important parameters of Remote Diagnostics Devices
Global Remote Diagnostics Devices Manufacturing Cost Analysis
The most recent innovative headway and supply chain pattern mapping
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
Table Of Contents Is Available Here@ https://www.databridgemarketresearch.com/toc?dbmr=global-remote-diagnostics-devices-market
To comprehend Global Remote Diagnostics Devices market dynamics in the world mainly, the worldwide Remote Diagnostics Devices market is analyzed across major global regions. DBMR also provides customized specific regional and country-level reports for the following areas. • North America: United States, Canada, and Mexico. • South & Central America: Argentina, Chile, and Brazil. • Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa. • Europe: UK, France, Italy, Germany, Spain, NORDIC {Sweden, Norway, Finland, Denmark etc}, BENELUX {Belgium, The Netherlands, Luxembourg}, and Russia. • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.
Why Is Data Triangulation Important In Qualitative Research?
This involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Triangulation is one method used while reviewing, synthesizing and interpreting field data. Data triangulation has been advocated as a methodological technique not only to enhance the validity of the research findings but also to achieve ‘completeness’ and ‘confirmation’ of data using multiple methods
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Remote Vehicle Diagnostics & Management Market | Global Industry Analysis, Segments, Top Key Players, Drivers and Trends to 2025
"The study of the Global Remote Vehicle Diagnostics & Management Market by Stats and Reports provides the market size information and market trends along with factors and parameters impacting it in both short- and long-term. The study provides a 360 view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture capitalists in understanding the companies better and make informed decisions.
The major manufacturers covered in this report
1. Bosch
2. AVL GmbH
3. BMW ASSIST
4. Continental AG
5. Danaher Corp.
6. Delphi Automotive Systems LLC
7. Fluke Corp.
8. Magneti Marelli S.p.A.
9. Mercedes-Benz-mBRACE
10. OnStar Corp.
11. Snap-On Inc.
12. Softing AG
13. Texa S.p.A.
14. Vector Informatik GmbH
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This Report provides a detailed study of given products. With Table and figures helping analyse worldwide Remote Vehicle Diagnostics & Management Market, this research provides key statistics on the state of the industry and is a valuable source of guidance direction for companies and individuals interested in the market.
This report provides an advance approach to the market growth with a detailed analysis of the overall competitive scenario of the Global Remote Vehicle Diagnostics & Management Market. The market is segmented by Application such as: Network Operators, Main Suppliers with historical and projected market share and compounded annual growth rate.
An in-depth study about key trends and emerging drivers with market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, shares, trend and strategies for Global Remote Vehicle Diagnostics & Management Market. The market is expected to estimate at XX million by 2025 growing at a CAGR of XX%.
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We can also provide the customized separate regional or country-level reports, for the following regions:
· North America
· United States
· Canada
· Mexico
· Asia-Pacific
· China
· India
· Japan
· South Korea
· Australia
· Indonesia
· Singapore
· Rest of Asia-Pacific
· Europe
· Germany
· France
· UK
· Italy
· Spain
· Russia
· Rest of Europe
· Central & South America
· Brazil
· Argentina
· Rest of South America
· Middle East & Africa
· Saudi Arabia
· Turkey
· Rest of Middle East & Africa
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
· Body Control
· Chassis Management
· Emission Management
· Engine Management
· Fleet Services
· Powertrain/ Transmission Management
· Vehicle Tracking
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
· Heavy Commercial Vehicles
· Light Commercial Vehicles
· Passenger Car
· Sports Car
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The study objectives of this report are:
· To analyze and study the global Remote Vehicle Diagnostics & Management capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);
· Focuses on the key Remote Vehicle Diagnostics & Management manufacturers, to study the capacity, production, value, market share and development plans in future.
· Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
· To define, describe and forecast the market by type, application and region.
· To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
· To identify significant trends and factors driving or inhibiting the market growth.
· To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
· To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
· To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
· To strategically profile the key players and comprehensively analyze their growth strategies.
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The Commercial Automotive Telematics Market is estimated to hit $31.09 billion by 2023.
According to the new market research report by IndustryARC titled “Commercial Automotive Telematics Market: By Vehicle Type (Truck, Semi-Trailer, Motor Coach, Taxicab, Trailers & Others); By Components (Communication, Sensors, Control Unit, Audio/Video); By Services (Safety & Security, Navigation, Others); By Geography - Forecast(2018-2023)”, the market is driven by the increased demand for connected vehicles and a surge in telematics fleet management services customers across each industry. Americas continues to lead the market share during 2018-2023. The Americas is the largest market for telematics accounting for revenue of $8.66 billion in 2017, followed by Europe and Asia-Pacific. This region is projected to exhibit high growth due to the low penetration of the market in Latin America and in Americas, it is estimated to reach $13.96 billion by 2023. The U.S is the largest market in this region (and globally) and is projected to continue throughout the forecast period. The APAC region is forecast to exhibit high growth as awareness rises, resulting in increased adoption. The APAC region is projected to grow from revenue of $4.04 billion in 2017 to $7.16 billion in 2023. The growing infrastructure capabilities and government programs supporting telematics industry will also help in market growth. In the European region, growth will be largely driven by the governmental regulations, making emergency notification systems mandatory. The RoW region is forecast to exhibit a slow growth of 6.7% CAGR through 2023 as uncertain economic conditions coupled with distinct lack of awareness regarding telematics products will affect the market adoption. In Americas, Trucks segment is projected to register highest growth of $5.31 billion by 2023 at a CAGR of 7.82%. Asia-Pacific is projected to register highest growth rate of 10.5% CAGR throughout the forecast period, followed by Europe and Americas. Usage based insurance present high growth opportunities in Europe: Usage based insurance (UBI) is a fast growing market, with major growth projected in Europe. The major growth for UBI is forecast in Western European countries such as U.K, Italy, France and Germany. The UBI market is also projected to show good growth in APAC, Americas and Russia. Low cost of insurance with UBI is a major reason for the growth. Because of high premium costs for younger drivers with traditional insurance, UBI presents an opportunity to attract a customer base. The competition is currently fragmented and growth opportunity is very high in this market. The market share is estimated to grow through consolidation. The growing deployment of telematics devices in vehicles in Europe presents an opportunity to offer UBI at lower costs. This lower cost will significantly propel market adoption. The UBI market is estimated to grow at a high rate. The UBI telematics market presents an opportunity for telematics service providers as it is estimated to be a high growth market globally, with Europe leading the market. Emerging Economies: High Growth Regions Lower penetration in commercial telematics market, especially in the BRIC countries, presents an opportunity for companies to expand into this business. In 2013, there was a lack of awareness and infrastructure in the APAC region. However, the awareness of telematics is on the rise and government initiatives are set to resolve infrastructure challenges. As a result, connected cars market in China is projected to exhibit high growth. Fleet management market in China is estimated to grow at a substantial rate. The growing infrastructure to support commercial telematics is also set to drive the market. The lack of awareness of telematics in the APAC region is a major roadblock and market penetration is low in 2013. However, with increasing awareness this is estimated to grow. This presents an opportunity to gain a foothold in a potential market. Excerpts on Market Growth Factors Mentioned in the Full Report: Changing governmental regulations as well as growth in the fleet management market is set to drive the commercial automotive telematics market growth during the forecast period. The growth of smart-phones has accelerated the integrated telematics services that are used for real time updates and alerts. The increased sales of automobiles as well as smart-phone devices are set to propel the telematics market. Increased customer demand for telematics in vehicles, especially cars is projected to propel the market growth. The declining costs of telematics devices are set to increase penetration and open up new opportunities for this market in APAC and South America. To access / purchase the full report browse the link below: https://industryarc.com/Report/1318/Commercial-Automotive-Telematics-Market.html Key Players of the Commercial Automotive Telematics Market: The Top five companies in the Commercial Telematics market include: CalAmp Corp (U.S.), Fleetmatics Group PLC (U.S.), Bosch (Germany), Descartes (Canada) and Trimble Navigation Ltd (U.S.). CalAmp Launches LMU-200 High Value CDMA Vehicle tracking device and introduces LMU-330 GPS Tracking Unit for Stolen vehicle recovery and commercial vehicle and trucking applications. Bosch recently introduced its new SMA1300 triaxial sensors for advanced telematics and infotainment applications. Commercial Automotive Telematics Market Report is Segmented as below: Commercial Automotive Telematics Market By Market Offering Type: Automotive OEM’s Aftermarket Commercial Automotive Telematics Market By Vehicle Type: Commercial Vehicle Trucks Light Trucks Medium Truck Heavy Trucks Trailers Service or Utility Trailer Semi-Trailer Tilt Based Trailer Bus or Coach Public Transport Private Transport Specialist Buses School Bus Shuttle Bus Others Others Passenger Vehicle Fleet Others Commercial Automotive Telematics Market By Device Type: Hardwired Plug and Play Smartphone Based Commercial Automotive Telematics Market - By Components Telematics Control Unit Navigation System Gyroscope Accelerometer Positioning Systems Global Navigation Satellite System (GNSS) Global Positioning System (GPS) Others Communication Devices Bluetooth Standard Bluetooth Bluetooth Low Energy Wi-Fi Cellular 3rd Generation LTE Advanced 5th Generation Others Radio Satellite Audio/Video Interface Can Bus Others Commercial Automotive Telematics Market - By Services Offered Safety And Security Services Driver Behavior Monitoring Roadside Assistance Crash Reconstruction System Black Box Device / On Board Recorder Maintenance Schedules Seat Belt Usage Monitoring Others Entertainment Services Amplitude Modulation(AM) /Frequency Modulated (FM) Radio Satellite Television Information And Navigation Systems Location Based Services Off Board And Hybrid Navigation Concierge Services Fleet Management Systems Courier and Delivery Fleet Transportation and Logistics Fleet Construction and Heavy Equipment Fleet Food and Beverage Fleet Oil and Gas Mining Fleet Police and First Responders Fleet Government Fleet Waste Management Fleet Insurance Risk Assessment Emergency Notification Services Remote Diagnostics Billing Services Others By Geography ( Covers 28+ Countries ) By Entropy Companies Citied / Interviewed AGM TELEMATICS LTD ROBERT BOSCH CAR MULTIMEDIA GMBH BOX TELEMATICS INTHINC TECHNOLOGY SOLUTIONS, INC. AGERO, INC. VERIZON TELEMATICS INC. ASTRATA GROUP TELOGIS, INC. MASTERNAUT LTD. TOMTOM NV ROADTECH INC. QUARTIX HOLDINGS GENERAL MOTORS COMPANY ORBCOMM INC. WIRELESSCAR AB Company 16+ Related Report: Consumer Telematics Market https://industryarc.com/Report/104/consumer-telematics-devices-systems-market.html In-Car Infotainment Market https://industryarc.com/Report/15753/in-car-infotainment-market.html What can you expect from the report? The report is Prepared with the Main Agenda to Cover the following 20 points: Market Size by Product Categories Market trends Manufacturer Landscape Distributor Landscape Pricing Analysis Top 10 End user Analysis Product Benchmarking Product Developments Mergers & Acquisition Analysis Patent Analysis Demand Analysis (By Revenue & Volume) Country level Analysis (10+) Competitor Analysis Market Shares Analysis Value Chain Analysis Supply Chain Analysis Strategic Analysis Current & Future Market Landscape Analysis Opportunity Analysis Revenue and Volume Analysis Frequently Asked Questions: Does IndustryARC provide customized reports and charge additionally for limited customization? Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization Increase the level of data in application or end user industry. Increase the number of countries in geography or product chapter. Find out market shares for other smaller companies or companies which are of interest to you. Company profiles can be requested based on your interest. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment. Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirements. You can drop in an e-mail to [email protected] to discuss more about our consulting services. Media Contact: Mr. Venkat Reddy Sales Manager Email 1: [email protected] Or Email 2: [email protected] Contact Sales: +1-614-588-8538 (Ext-101) About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
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Commercial Automotive Telematics Market Trends and Outlook 2018
According to the new market research report by IndustryARC titled “Commercial Automotive Telematics Market: By Vehicle Type (Truck, Semi-Trailer, Motor Coach, Taxicab, Trailers & Others); By Components (Communication, Sensors, Control Unit, Audio/Video); By Services (Safety & Security, Navigation, Others); By Geography - Forecast(2018-2023)”, the market is driven by the increased demand for connected vehicles and a surge in telematics fleet management services customers across each industry.
Americas continues to lead the Commercial Automotive Telematics Market share during 2018-2023.
The Americas is the largest market for telematics accounting for revenue of $8.66 billion in 2017, followed by Europe and Asia-Pacific. This region is projected to exhibit high growth due to the low penetration of the market in Latin America and in Americas, it is estimated to reach $13.96 billion by 2023. The U.S is the largest market in this region (and globally) and is projected to continue throughout the forecast period. The APAC region is forecast to exhibit high growth as awareness rises, resulting in increased adoption. The APAC region is projected to grow from revenue of $4.04 billion in 2017 to $7.16 billion in 2023. The growing infrastructure capabilities and government programs supporting telematics industry will also help in market growth. In the European region, growth will be largely driven by the governmental regulations, making emergency notification systems mandatory. The RoW region is forecast to exhibit a slow growth of 6.7% CAGR through 2023 as uncertain economic conditions coupled with distinct lack of awareness regarding telematics products will affect the market adoption. In Americas, Trucks segment is projected to register highest growth of $5.31 billion by 2023 at a CAGR of 7.82%. Asia-Pacific is projected to register highest growth rate of 10.5% CAGR throughout the forecast period, followed by Europe and Americas.
Selected / Sample Analysis done in the Commercial Automotive Telematics Report:
Usage based insurance present high growth opportunities in Europe Usage based insurance (UBI) is a fast growing market, with major growth projected in Europe. The major growth for UBI is forecast in Western European countries such as U.K, Italy, France and Germany. The UBI market is also projected to show good growth in APAC, Americas and Russia. Low cost of insurance with UBI is a major reason for the growth. Because of high premium costs for younger drivers with traditional insurance, UBI presents an opportunity to attract a customer base. The competition is currently fragmented and growth opportunity is very high in this market. The market share is estimated to grow through consolidation. The growing deployment of telematics devices in vehicles in Europe presents an opportunity to offer UBI at lower costs. This lower cost will significantly propel market adoption. The UBI market is estimated to grow at a high rate. The UBI telematics market presents an opportunity for telematics service providers as it is estimated to be a high growth market globally, with Europe leading the market.
Emerging Economies: High Growth Regions
Lower penetration in commercial telematics market, especially in the BRIC countries, presents an opportunity for companies to expand into this business. In 2013, there was a lack of awareness and infrastructure in the APAC region. However, the awareness of telematics is on the rise and government initiatives are set to resolve infrastructure challenges. As a result, connected cars market in China is projected to exhibit high growth. Fleet management market in China is estimated to grow at a substantial rate. The growing infrastructure to support commercial telematics is also set to drive the market. The lack of awareness of telematics in the APAC region is a major roadblock and market penetration is low in 2013. However, with increasing awareness this is estimated to grow. This presents an opportunity to gain a foothold in a potential market.
To access / purchase the full report browse the link below
https://industryarc.com/Report/1318/Commercial-Automotive-Telematics-Market.html
Excerpts on Commercial Automotive Telematics Market Growth Factors:
Changing governmental regulations as well as growth in the fleet management market is set to drive the commercial automotive telematics market growth during the forecast period. The growth of smart-phones has accelerated the integrated telematics services that are used for real time updates and alerts. The increased sales of automobiles as well as smart-phone devices are set to propel the telematics market. Increased customer demand for telematics in vehicles, especially cars is projected to propel the market growth. The declining costs of telematics devices are set to increase penetration and open up new opportunities for this market in APAC and South America.
Key Players of the Commercial Automotive Telematics Market:
The Top five companies in the Commercial Telematics market include: CalAmp Corp (U.S.), Fleetmatics Group PLC (U.S.), Bosch (Germany), Descartes (Canada) and Trimble Navigation Ltd (U.S.). CalAmp Launches LMU-200 High Value CDMA Vehicle tracking device and introduces LMU-330 GPS Tracking Unit for Stolen vehicle recovery and commercial vehicle and trucking applications. Bosch recently introduced its new SMA1300 triaxial sensors for advanced telematics and infotainment applications.
Commercial Automotive Telematics Market Report is Segmented as below:
Commercial Automotive Telematics Market By Market Offering Type: Automotive OEM’s Aftermarket Commercial Automotive Telematics Market By Vehicle Type: Commercial Vehicle Trucks Light Trucks Medium Truck Heavy Trucks Trailers Service or Utility Trailer Semi-Trailer Tilt Based Trailer Bus or Coach Public Transport Private Transport Specialist Buses School Bus Shuttle Bus Others Others Passenger Vehicle Fleet Others Commercial Automotive Telematics Market By Device Type: Hardwired Plug and Play Smartphone Based Commercial Automotive Telematics Market - By Components Telematics Control Unit Navigation System Gyroscope Accelerometer Positioning Systems Global Navigation Satellite System (GNSS) Global Positioning System (GPS) Others Communication Devices Bluetooth Standard Bluetooth Bluetooth Low Energy Wi-Fi Cellular 3rd Generation LTE Advanced 5th Generation Others Radio Satellite Audio/Video Interface Can Bus Others Commercial Automotive Telematics Market - By Services Offered Safety And Security Services Driver Behavior Monitoring Roadside Assistance Crash Reconstruction System Black Box Device / On Board Recorder Maintenance Schedules Seat Belt Usage Monitoring Others Entertainment Services Amplitude Modulation(AM) /Frequency Modulated (FM) Radio Satellite Television Information And Navigation Systems Location Based Services Off Board And Hybrid Navigation Concierge Services Fleet Management Systems Courier and Delivery Fleet Transportation and Logistics Fleet Construction and Heavy Equipment Fleet Food and Beverage Fleet Oil and Gas Mining Fleet Police and First Responders Fleet Government Fleet Waste Management Fleet Insurance Risk Assessment Emergency Notification Services Remote Diagnostics Billing Services Others Commercial Automotive Telematics Market By Geography ( Covers 28+ Countries ) Commercial Automotive Telematics Market Entropy
Companies Citied / Interviewed
AGM TELEMATICS LTD ROBERT BOSCH CAR MULTIMEDIA GMBH BOX TELEMATICS INTHINC TECHNOLOGY SOLUTIONS, INC. AGERO, INC. VERIZON TELEMATICS INC. ASTRATA GROUP TELOGIS, INC. MASTERNAUT LTD. TOMTOM NV ROADTECH INC. QUARTIX HOLDINGS GENERAL MOTORS COMPANY ORBCOMM INC. WIRELESSCAR AB
What can you expect from the report? The Commercial Automotive Telematics Market Report is Prepared with the Main Agenda to Cover the following 20 points: Market Size by Product Categories Market trends Manufacturer Landscape Distributor Landscape Pricing Analysis Top 10 End user Analysis Product Benchmarking Product Developments Mergers & Acquisition Analysis Patent Analysis Demand Analysis (By Revenue & Volume) Country level Analysis (10+) Competitor Analysis Market Shares Analysis Value Chain Analysis Supply Chain Analysis Strategic Analysis Current & Future Market Landscape Analysis Opportunity Analysis Revenue and Volume Analysis
Any other major customizations can be discussed with our team, we can provide a separate quote based on your requirements. You can drop in an e-mail to [email protected] to discuss more about our consulting services.
Media Contact:
Mr. Venkat Reddy Sales Manager Email 1: [email protected] Or Email 2: [email protected] Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences &Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications in a Market. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. We look forward to support the client to be able to better address their customer needs, stay ahead in the market, become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
#vehicle telematics#vehicle tracking system#vehicle tracking solutions#automotive telematics#telematics device
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Global remote diagnostics systems for heavy commercial vehicles market was valued at USD 320.40 million in 2021 and is expected to reach USD 1057.67 million by 2029, registering a CAGR of 16.10% during the forecast period of 2022-2029.
#Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market#Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Share#Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Size.
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Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Global Trends, Market Size, Growth, Opportunities, Forecast to 2027|Key Players Delphi Technologies, Robert Bosch GmbH, Softing AG, Tech Mahindra Limited, Eaton, Vidiwave Ltd, Magneti Marelli Parts & Services
Remote diagnostics systems for heavy commercial vehicles market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a highest CAGR of 16.1% in the forecast period of 2020 to 2027 and expected to reach USD 918.61 million by 2027. Increasing concern about reducing exhaust emissions from vehicles across the Europe and increase in vehicle sales are the factors accelerating the market growth. Remote diagnostics systems are the tools which are used to monitor the maintenance of the vehicles; they help to reduce vehicle down time in order to decrease the maintenance cost. Technology advancement in the automobile sector will accelerate the market growth. The 90% of innovations happening in the automobile sector are automotive electronics and software, these functions to be diagnosed, analyzed and maintained. Government regulations on vehicle emission in Europe will further create new opportunities that impact these remote diagnostics systems for heavy commercial vehicles market growth in the forecast period to 2027.
in June 2019, The European Union kept the CO2 emission standards for trucks and other heavy-duty vehicles, according to this rule the manufacturers have to decrease the Co2 by 15% on an average by 2025.This remote diagnostics systems for heavy commercial vehicles market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market, By Offering (Hardware, Software and Service), Vehicle Type (Bus, Coach, Tractor, Truck, Construction Equipment and Trailer), Application (Vehicle Tracking, Vehicle Health Alert, Automatic Crash Notification and Roadside Assistance), Channel (OEM and Aftermarket), Country (Germany, U.K, France, Italy, Spain, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe), Market Trends and Forecast to 2027 Europe remote diagnostics systems for heavy commercial vehicles market competitive landscape provide details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe remote diagnostics systems for heavy commercial vehicles market.
Get More Info Sample Request on Europe remote diagnostics systems Market,@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=europe-remote-diagnostics-systems-for-heavy-commercial-vehicles-market
Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Country Level Analysis:
Europe market is analyzed and market size information is provided by country by vehicle type, offering, application, and channel type as referenced above.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, and regulatory act and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
The countries covered in the Europe remote diagnostics systems for heavy commercial vehicles Market report are Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and rest of Europe in Europe. Europe remote diagnostics systems for heavy commercial vehicles market is growing due to rising government standards towards cutting down emission from environment has resulted in implementing diagnosis system in the vehicle. For instance, In April 2019, European parliament and council introduced a new regulation (EU) 2019/631 for setting performance standards for Co2 emission. This regulation is introduced to decrease the carbon emission by vehicles and it is applicable to passenger cars and commercial vehicles.
Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Scope and Market Size:
Europe remote diagnostics systems for heavy commercial vehicles market is segmented on the basis of offering, vehicle type, application and channel. The growth among segments helps you to analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of offering, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into on hardware, software and services. Hardware holds largest market share due to rising government regulation in the European countries which has further increased its deployment in the vehicles. For instance, according to the European On-Board Diagnosis (EOBD), the vehicles sold after 2001 must have OBD system for analyzing engine emission.
On the basis of vehicle type, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into on truck, construction equipment, bus, coach, tractor and trailer. Truck accounted largest market share is helping in growing adoption of transport in various sector for loading and unloading goods. This has result in increasing the production of truck which in turn increases the demand for the installation of remote diagnostic system for monitoring the vehicle emission.
On the basis of application, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into vehicle tracking, vehicle health alert, automatic crash notification, and roadside assistance. Vehicle tracking accounted largest market share, the rising government concern towards safety of the people has result in integration of tracking devices in the vehicle. For instance, U.K government has enforces law that the vehicles must have tracking devices system.
On the basis of channel, the market is segmented into OEM and aftermarket. OEM accounts the largest market share because of the presence of major players of the market such as Delphi technologies, TomTom International B.V and many others. These companies continuously adopt business strategies that result in increasing demand for the remote diagnostic solution. These companies have increased their production of remote diagnostic solution due to the stringent government regulation regarding vehicle safety and emission.
The major players covered in the report are Delphi Technologies, Robert Bosch GmbH, Softing AG, Tech Mahindra Limited, Eaton, Vidiwave Ltd, Magneti Marelli Parts & Services, TomTom International BV, Vector Informatik Gmbh, TEXA S.p.A, Continental Aggeneral Motors (Onstar), and Wabco, Cojali S.L. among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In December 2019, Eaton, a power management company acquired the France based Souriau-Sunbank Connection Technologies, which is involved in providing electrical interconnect solutions for different industries like, defence, energy, transport industries and aerospace. This acquisition helps the company to enter into new electrical markets and increase its customer base.
In September 2019, Renault-Nissan and Microsoft signed an agreement to advance connected vehicle diagnostic services. This is expected to generate opportunities into to the market.
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The key questions answered in this report:
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What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Global Trends, Growth, Opportunities, Market Size Forecast to 2027|Major Competitors Delphi Technologies, Robert Bosch GmbH, Softing AG, Tech Mahindra Limited, Eaton, Vidiwave Ltd, Magneti Marelli Parts & Services
Europe remote diagnostics systems Market for heavy commercial vehicles market competitive landscape provide details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe remote diagnostics systems for heavy commercial vehicles market. This remote diagnostics systems for heavy commercial vehicles market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Remote diagnostics systems are the tools which are used to monitor the maintenance of the vehicles; they help to reduce vehicle down time in order to decrease the maintenance cost. Technology advancement in the automobile sector will accelerate the market growth. The 90% of innovations happening in the automobile sector are automotive electronics and software, these functions to be diagnosed, analyzed and maintained. Government regulations on vehicle emission in Europe will further create new opportunities that impact these remote diagnostics systems for heavy commercial vehicles market growth in the forecast period to 2027.
Global Europe Remote Diagnostics Systems Market for Heavy Commercial Vehicles Market, By Offering (Hardware, Software and Service), Vehicle Type (Bus, Coach, Tractor, Truck, Construction Equipment and Trailer), Application (Vehicle Tracking, Vehicle Health Alert, Automatic Crash Notification and Roadside Assistance), Channel (OEM and Aftermarket), Country (Germany, U.K, France, Italy, Spain, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe), Market Trends and Forecast to 2027. Europe remote diagnostics systems for heavy commercial vehicles market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a highest CAGR of 16.1% in the forecast period of 2020 to 2027 and expected to reach USD 918.61 million by 2027. Increasing concern about reducing exhaust emissions from vehicles across the Europe and increase in vehicle sales are the factors accelerating the market growth.
Get An Sample Request on Get an Sample Request on Europe remote diagnostics systems Market,@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=europe-remote-diagnostics-systems-for-heavy-commercial-vehicles-market
Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Country Level Analysis:
Europe market is analyzed and market size information is provided by country by vehicle type, offering, application, and channel type as referenced above.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, and regulatory act and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
The countries covered in the Europe remote diagnostics systems for heavy commercial vehicles Market report are Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and rest of Europe in Europe. Europe remote diagnostics systems for heavy commercial vehicles market is growing due to rising government standards towards cutting down emission from environment has resulted in implementing diagnosis system in the vehicle. For instance, In April 2019, European parliament and council introduced a new regulation (EU) 2019/631 for setting performance standards for Co2 emission. This regulation is introduced to decrease the carbon emission by vehicles and it is applicable to passenger cars and commercial vehicles.
Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Scope and Market Size:
Europe remote diagnostics systems for heavy commercial vehicles market is segmented on the basis of offering, vehicle type, application and channel. The growth among segments helps you to analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of offering, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into on hardware, software and services. Hardware holds largest market share due to rising government regulation in the European countries which has further increased its deployment in the vehicles. For instance, according to the European On-Board Diagnosis (EOBD), the vehicles sold after 2001 must have OBD system for analyzing engine emission.
On the basis of vehicle type, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into on truck, construction equipment, bus, coach, tractor and trailer. Truck accounted largest market share is helping in growing adoption of transport in various sector for loading and unloading goods. This has result in increasing the production of truck which in turn increases the demand for the installation of remote diagnostic system for monitoring the vehicle emission.
On the basis of application, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into vehicle tracking, vehicle health alert, automatic crash notification, and roadside assistance. Vehicle tracking accounted largest market share, the rising government concern towards safety of the people has result in integration of tracking devices in the vehicle. For instance, U.K government has enforces law that the vehicles must have tracking devices system.
On the basis of channel, the market is segmented into OEM and aftermarket. OEM accounts the largest market share because of the presence of major players of the market such as Delphi technologies, TomTom International B.V and many others. These companies continuously adopt business strategies that result in increasing demand for the remote diagnostic solution. These companies have increased their production of remote diagnostic solution due to the stringent government regulation regarding vehicle safety and emission.
The major players covered in the report are Delphi Technologies, Robert Bosch GmbH, Softing AG, Tech Mahindra Limited, Eaton, Vidiwave Ltd, Magneti Marelli Parts & Services, TomTom International BV, Vector Informatik Gmbh, TEXA S.p.A, Continental Aggeneral Motors (Onstar), and Wabco, Cojali S.L. among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In December 2019, Eaton, a power management company acquired the France based Souriau-Sunbank Connection Technologies, which is involved in providing electrical interconnect solutions for different industries like, defence, energy, transport industries and aerospace. This acquisition helps the company to enter into new electrical markets and increase its customer base.
In September 2019, Renault-Nissan and Microsoft signed an agreement to advance connected vehicle diagnostic services. This is expected to generate opportunities into to the market.
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Reasons for buying this Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Report
Laser Capture Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market report aids in understanding the crucial product segments and their perspective.
Initial graphics and exemplified that a SWOT evaluation of large sections supplied from the Laser Capture Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market industry.
Even the Laser Capture Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market economy provides pin line evaluation of changing competition dynamics and retains you facing opponents.
This report provides a more rapid standpoint on various driving facets or controlling Medical Robotic System promote advantage.
This worldwide Locomotive report provides a pinpoint test for shifting dynamics that are competitive.
The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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Advanced Tires Market Global Trends, Growth, Opportunities, Market Size Forecast to 2027|Major Competitors Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tyre & Rubber Company, Pirelli & C. S.p.A., Sumitomo Corporation, Yokohama Tire Corporation, and Hankook Tire & Technology Co., Ltd
Advanced tires market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to advanced tires market. This advanced tires market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on advanced tires market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Advanced tires constitute of technologies such as self-inflating, multi-chamber, chip-embedded or they could be called all-in-one tires in layman’s terms. These technologies provide more convenience and assistance to the driver with the real-time monitoring of tire pressure which increases the durability of the tires. Also, the fuel efficiency of the vehicle improves when the tire pressure is within normal range. These tire technologies would help in cutting down the maintenance cost of the vehicles which would further boost the demand for advanced tires market all over the globe. On the other hand, the high production cost and inability of mass production are projected to obstruct the advanced tires market growth.
Global Advanced Tires Market, By Vehicle Type (On-Highway Vehicle, Off-Highway Vehicle), Technology Type (On-Highway Technology, Off-Highway Technology, Niche Technology), Tire Type (Run-Flat, Airless, Pneumatic), Material (Natural Rubber, Synthetic Rubber, Steel, Elastomers, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027 The advanced tires market is projected to reach USD 656.90 million in 2027 growing at the rate of 16.40% in the forecast period of 2020 to 2027. The overall demand for advanced tires market across the globe is expected to rise due to the increase in premium car production and developments in the car technologies.
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Global Advanced Tires Market Country Level Analysis:
Global advanced tires market is analyzed and market size, volume information is provided by country, vehicle type, technology type, tire type and material as referenced above.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The countries covered in the advanced tires market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).There is a growing demand for advanced tires in regions such as Europe, North America and few countries from Asia-Pacific due to the increased production of premium vehicles and demand for connected technologies. Also, high-end SUV’s and premium cars are estimated to adopt the technology first as they play as the drivers of the advanced tires market too. In terms of value, Europe is projected to rise with the highest compound growth during the forecast period of 2020 to 2027. The countries such as the U.K., Germany and France are considered as the key markets for advanced tires.
Advanced Tires Market Scope and Market Size:
The advanced tires market is segmented on the basis of vehicle type, technology type, tire type and material. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of vehicle type, the advanced tires market is segmented into on-highway vehicle and off-highway vehicle. On-highway vehicles are classified into light duty vehicles and heavy duty vehicles.
On the basis of technology type, the advanced tires market is segmented into on-highway technology, off-highway technology and niche technology. Further, on-highway technology is divided into self-inflating tires, chip-embedded tires, multi-chamber tires and all-in-one tires. Off-highway technology includes industrial equipment, agricultural tractors and construction & mining equipment. While niche technology breaks down into autonomous vehicle advanced tires and 3D printed tires.
Based on the tire type, the advanced tires market is divided into airless, run-flat and pneumatic.
On the basis of material, the advanced tires market is segmented into synthetic rubber, steel, natural rubber, elastomers and others.
The major players covered in the advanced tires market report are Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tyre & Rubber Company, Pirelli & C. S.p.A., Sumitomo Corporation, Yokohama Tire Corporation, Hankook Tire & Technology Co.,Ltd. Nokian Tyres plc, CEAT Ltd., Toyo Tire Corporation, Shandong Tang Ren Import and Export Trading Co., Ltd., Hebei Huichao Machinery Parts Co., Ltd., Zhejiang PDW Industrial Co., Ltd., Jiangxi Deyou Technology Co., Ltd., Pengda Rubber Product Factory, Qingdao Keter Tyre Co. Limited Trading Company, Shandong Juling Group, Aliner Automotive Equipments Pvt. Ltd., Auto Tool Equipment Solution among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Reasons for buying this Advanced Tires Market Report
Laser Capture Advanced Tires Market report aids in understanding the crucial product segments and their perspective.
Initial graphics and exemplified that a SWOT evaluation of large sections supplied from the Laser Capture Advanced Tires Market industry.
Even the Laser Capture Advanced Tires Market economy provides pin line evaluation of changing competition dynamics and retains you facing opponents.
This report provides a more rapid standpoint on various driving facets or controlling Medical Robotic System promote advantage.
This worldwide Locomotive report provides a pinpoint test for shifting dynamics that are competitive
The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Advanced Tires Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Advanced Tires Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
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Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Global Trends, Growth, Opportunities, Market Size Forecast to 2027|Major Competitors Delphi Technologies, Robert Bosch GmbH, Softing AG, Tech Mahindra Limited, Eaton, Vidiwave Ltd, Magneti Marelli Parts & Services
Europe remote diagnostics systems Market for heavy commercial vehicles market competitive landscape provide details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe remote diagnostics systems for heavy commercial vehicles market. This remote diagnostics systems for heavy commercial vehicles market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Remote diagnostics systems are the tools which are used to monitor the maintenance of the vehicles; they help to reduce vehicle down time in order to decrease the maintenance cost. Technology advancement in the automobile sector will accelerate the market growth. The 90% of innovations happening in the automobile sector are automotive electronics and software, these functions to be diagnosed, analyzed and maintained. Government regulations on vehicle emission in Europe will further create new opportunities that impact these remote diagnostics systems for heavy commercial vehicles market growth in the forecast period to 2027.
Global Europe Remote Diagnostics Systems Market for Heavy Commercial Vehicles Market, By Offering (Hardware, Software and Service), Vehicle Type (Bus, Coach, Tractor, Truck, Construction Equipment and Trailer), Application (Vehicle Tracking, Vehicle Health Alert, Automatic Crash Notification and Roadside Assistance), Channel (OEM and Aftermarket), Country (Germany, U.K, France, Italy, Spain, Netherlands, Switzerland, Russia, Belgium, Turkey, Rest of Europe), Market Trends and Forecast to 2027. Europe remote diagnostics systems for heavy commercial vehicles market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a highest CAGR of 16.1% in the forecast period of 2020 to 2027 and expected to reach USD 918.61 million by 2027. Increasing concern about reducing exhaust emissions from vehicles across the Europe and increase in vehicle sales are the factors accelerating the market growth.
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Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Country Level Analysis:
Europe market is analyzed and market size information is provided by country by vehicle type, offering, application, and channel type as referenced above.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, and regulatory act and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
The countries covered in the Europe remote diagnostics systems for heavy commercial vehicles Market report are Germany, Italy, France, U.K., Spain, Russia, Netherlands, Switzerland, Belgium, Turkey, and rest of Europe in Europe. Europe remote diagnostics systems for heavy commercial vehicles market is growing due to rising government standards towards cutting down emission from environment has resulted in implementing diagnosis system in the vehicle. For instance, In April 2019, European parliament and council introduced a new regulation (EU) 2019/631 for setting performance standards for Co2 emission. This regulation is introduced to decrease the carbon emission by vehicles and it is applicable to passenger cars and commercial vehicles.
Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Scope and Market Size:
Europe remote diagnostics systems for heavy commercial vehicles market is segmented on the basis of offering, vehicle type, application and channel. The growth among segments helps you to analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of offering, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into on hardware, software and services. Hardware holds largest market share due to rising government regulation in the European countries which has further increased its deployment in the vehicles. For instance, according to the European On-Board Diagnosis (EOBD), the vehicles sold after 2001 must have OBD system for analyzing engine emission.
On the basis of vehicle type, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into on truck, construction equipment, bus, coach, tractor and trailer. Truck accounted largest market share is helping in growing adoption of transport in various sector for loading and unloading goods. This has result in increasing the production of truck which in turn increases the demand for the installation of remote diagnostic system for monitoring the vehicle emission.
On the basis of application, Europe remote diagnostics systems for heavy commercial vehicles market has been segmented into vehicle tracking, vehicle health alert, automatic crash notification, and roadside assistance. Vehicle tracking accounted largest market share, the rising government concern towards safety of the people has result in integration of tracking devices in the vehicle. For instance, U.K government has enforces law that the vehicles must have tracking devices system.
On the basis of channel, the market is segmented into OEM and aftermarket. OEM accounts the largest market share because of the presence of major players of the market such as Delphi technologies, TomTom International B.V and many others. These companies continuously adopt business strategies that result in increasing demand for the remote diagnostic solution. These companies have increased their production of remote diagnostic solution due to the stringent government regulation regarding vehicle safety and emission.
The major players covered in the report are Delphi Technologies, Robert Bosch GmbH, Softing AG, Tech Mahindra Limited, Eaton, Vidiwave Ltd, Magneti Marelli Parts & Services, TomTom International BV, Vector Informatik Gmbh, TEXA S.p.A, Continental Aggeneral Motors (Onstar), and Wabco, Cojali S.L. among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
In December 2019, Eaton, a power management company acquired the France based Souriau-Sunbank Connection Technologies, which is involved in providing electrical interconnect solutions for different industries like, defence, energy, transport industries and aerospace. This acquisition helps the company to enter into new electrical markets and increase its customer base.
In September 2019, Renault-Nissan and Microsoft signed an agreement to advance connected vehicle diagnostic services. This is expected to generate opportunities into to the market.
Get Table of Content on Request https://www.databridgemarketresearch.com/toc/?dbmr=europe-remote-diagnostics-systems-for-heavy-commercial-vehicles-market
Reasons for buying this Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market Report
Laser Capture Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market report aids in understanding the crucial product segments and their perspective.
Initial graphics and exemplified that a SWOT evaluation of large sections supplied from the Laser Capture Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market industry.
Even the Laser Capture Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market economy provides pin line evaluation of changing competition dynamics and retains you facing opponents.
This report provides a more rapid standpoint on various driving facets or controlling Medical Robotic System promote advantage.
This worldwide Locomotive report provides a pinpoint test for shifting dynamics that are competitive.
The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What is the Key Factors driving Laser Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Europe Remote Diagnostics Systems for Heavy Commercial Vehicles Market?
What are the Trending Factors influencing the market shares?
What is the Key Outcomes of Porter’s five forces model
Access Full Report @ https://www.databridgemarketresearch.com/reports/europe-remote-diagnostics-systems-for-heavy-commercial-vehicles-market
Browse Related Report:
Automotive Active Roll Control System (ARC) Market
Automotive Wheels Aftermarket Market
Light Vehicles Market
About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market
Contact:
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Tel: +1-888-387-2818
Email: [email protected]
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Automotive Telematics Market Growth, Competitors Analysis and Business Opportunities 2020-2027
Global Automotive Telematics Market: Introduction
According to the report, the automotive telematics market is projected to reach a value of ~US$ 99 Bn by 2027, expanding at a CAGR of ~17% during the forecast period. The automotive telematics market is likely to be driven by the rise in preference for security and safety features in vehicles. For instance, automotive telematics is gaining popularity and is largely being demanded by consumers in the Western hemisphere. Automotive telematics helps optimize the efficiency of the vehicle and improvises the traffic flow in a specific region. It helps smoothen the management of vehicle fleet and hence, high rate of adoption among vehicle fleet owners and expansion of rental services are boosting the market for automotive telematics.
Expansion of Automotive Telematics Market
Market for automotive telematics is expanding significantly across all regions. Europe and North America are highly developed markets for automotive telematics, and they are estimated to expand at a notable pace during the forecast period. Significant increase in cases of vehicle theft and traffic fatalities, along with rise in sales of vehicles, encouraged manufacturers to integrate connected vehicle devices in their vehicles. Stolen vehicle tracking and eCall features offered by telematics services are highly popular among passenger vehicle owners. Presence of large population and high traffic congestion in Asia Pacific make recovery of stolen vehicles in the region highly difficult; however, stolen vehicle tracking is expected to make the task of recovering the vehicle notably easier for governing authorities.
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Enhanced efficiency of vehicles and fleet management are key drivers of the market. Moreover, high fuel economy and low carbon emission are prime concern of fleet owners. Thus, telematics service providers help enhance the economy of the vehicle.
Electronic toll collection and congestion charge are key features provided by telematics service providers in some parts of Europe, which are facing parking issues and traffic jams, owing to high rate of motorization, such as those experienced in the city of London. The electronic toll collection system automatically scans the number plate or QR code mounted on the vehicle and deducts the amount from the account of the vehicle owner, which leads to easier flow of traffic. Telematics services offer several features that ultimately turn out to be highly convenient for vehicle owners, such as remote control of the vehicle, vehicle health diagnostic, over the air updates, connected navigation, and infotainment.
In terms of application, vehicle tracking and fleet management services are prominent segments of the market. Adoption of telematics services and technology and advanced technologies in vehicles to enhance safety are anticipated to propel the automotive telematics market.
Regional Analysis of Automotive Telematics Market
In terms of region, the automotive telematics market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific held a prominent share of the market in 2018, due to the presence of large vehicle fleet and high rate of adoption of automotive telematics in ASEAN countries and surge in adoption in India and China. Europe and North America are mature markets for automotive telematics.
Prominent players operating in the global automotive telematics market include Agero Inc., Clarion, Continental AG, Delphi Technologies, Denso Corporation, Embitel, HARMAN International, Inseego Corp, Intel Corporation, LG Electronics, Luxoft, Magneti Marelli S.p.A., Masternaut Limited, Microlise, NTT Docomo Inc., Omnitracs, Panasonic Corporation, Qualcomm Technologies, Inc., Robert Bosch GmbH, Telogis, TomTom International B.V., Trimble Inc., Valeo, Verizon, and Vodafone Automotive SpA.
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Global Automotive Telematics Market: Segmentation
Automotive Telematics Market, by Technology
Automotive Telematics Market, by Application
Automotive Telematics Market, by Vehicle
Automotive Telematics Market, by Sales Channel
Automotive Telematics Market, by Region
Embedded
Tethered
Integrated
Vehicle Tracking
Fleet Management
Satellite Navigation
Vehicle Safety Communication
Others
Passenger Vehicle
Light Commercial Vehicle
Heavy Commercial Vehicle
OEM
Aftermarket
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
U.S.
Canada
Germany
U.K.
France
Italy
Spain
Rest of Europe
China
India
Japan
ASEAN
Rest of Asia Pacific
GCC Countries
South Africa
Rest of Middle East & Africa
Brazil
Mexico
Rest of Latin America
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