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OnStar LLC (U.S.) and Robert Bosch GmbH (Germany) are Leading Players in Remote Vehicle Diagnostics Market
The remote vehicle diagnostics market is primarily driven by stringent safety and security norms and the increasing demand for high-end luxury vehicles around the globe. Remote vehicle diagnostics solutions have a high penetration rate in the North American and European markets, and are rapidly gaining momentum in the Asia-Oceania market as well. Remote vehicle diagnostics will likely become the predominant technology for light-duty vehicles and commercial vehicles in the near future. The global remote vehicle diagnostics market is projected to grow at a CAGR of 16.79% from 2016 to 2021, to reach a market size of USD 30.22 Billion by 2021.
OnStar LLC (U.S.), a wholly owned subsidiary of General Motors (U.S.), is the global leader in the remote vehicle diagnostics market. OnStar provides services such as vehicle diagnostics, dealer maintenance notifications, vehicle location monitoring, navigation, automatic crash response, and emergency services. The company caters to over 6.6 million users, and accounts for the largest share in the global remote vehicle diagnostics market. OnStar principally conducts operations in the U.S., Mexico, Canada, and a few countries in Europe. The company primarily focuses on the strategy of expansion to gain traction in emerging markets such as Asia-Oceania and South America. In 2016, it entered the Argentinian market to expand its presence in the South American region. Additionally, it entered into a joint venture with Shanghai General Motors Co., Ltd. (SGM) (China) and Shanghai Automotive Industry Corporation (SAIC) (China) to form Shanghai OnStar Telematics Co., Ltd. (China), which will mainly serve customers in the Asia-Pacific region.
Robert Bosch GmbH (Germany) is another major player in the remote vehicle diagnostics market. The company provides remote diagnostics solutions under its mobility solutions segment. It is present in more than 150 countries, and has approximately 18,000 employees, as of 2015. In keeping with its expansion strategy, the company entered the Japanese market in 2016 by commencing its mobility solutions segment, which caters to the remote vehicle diagnostics aftermarket. The service center is located in Shiki, near Tokyo, Japan, and would enable the company to strengthen its foothold in the Asia-Oceania region. The service center offers services such as eCall emergency services, stolen vehicle tracking, vehicle diagnostics, and breakdown assistance. Robert Bosch also invested approximately USD 510 million in Northern and Southern America to expand the portfolio of its mobility solutions segment in these regions. It has increased its presence in Michigan and South Carolina, U.S., and Toluca, Juarez, and Aguascaleientes, Mexico.
Other key players operating in the remote vehicle diagnostics market include Continental AG (Germany), Delphi Automotive PLC (U.K.), Snap-On Inc. (U.S.), Magneti Marelli S.p.A (Italy), Softing AG (Germany), Voxx International Corporation (U.S.), Vector Informatik (Germany), and Vidiwave Ltd. (U.K.).
Remote Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, and Roadside Assistance) Connectivity (3G, 4G LTE, Wi-Fi, and Bluetooth) Region, and Aftermarket (Vehicle Type and Region) - Forecast to 2021
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