HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: October 2016
Report Code: AT 4692

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The vehicle diagnostics market is estimated to be USD 13.91 Billion in 2016, and is projected to grow to USD 30.22 Billion by 2021, registering a CAGR of 16.79% from 2016 to 2021. The increasing demand for luxury passenger cars, growing need for emergency support, and increasing premium vehicle sales are key drivers of the vehicle diagnostics market. In this study, 2015 has been considered as the base year, 2016 as the estimated year, and 2021 as the forecast year.

The primary objective of the study is to define, describe, and forecast the vehicle diagnostics market on the basis of region, vehicle type, application, connectivity, and aftermarket. It also provides detailed information regarding major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).

The research methodology used in the report involves several primary and secondary sources. Secondary sources include industry association publications, technical handbooks, directories, World Economic Outlook, technical articles, trade websites, and paid databases such as Factiva and Bloomberg. Experts from OEMs, Tier I, II, and III companies, related industries, and suppliers of vehicle diagnostics solutions have been interviewed to understand the future trends in the vehicle diagnostics market. The bottom-up approach has been used to estimate the market size, in terms of volume. Vehicle models with vehicle diagnostics solutions have been identified at a country level to derive the vehicle diagnostics market. The value derived has then been summed up to acquire the total value of the vehicle diagnostics market at a country level. The summation of the country-wise market size, in terms of value, has provided the regional market size, and further summation of the regional level market size has resulted in the global vehicle diagnostics market size. The figure below illustrates the break-up of the profile of industry experts who participated in primary discussions.

Remote Vehicle Diagnostics Market

To know about the assumptions considered for the study, download the pdf brochure

The  vehicle diagnostics market ecosystem consists of manufacturers such as Robert Bosch GmbH (Germany), Continental AG (Germany), OnStar LLC (U.S.), Mercedes-Benz (U.S.), Subaru of America, Inc. (U.S.), BMW (Germany), Magneti Marelli S.p.A (Italy), Delphi Automotive PLC (U.K.), Softing AG (Germany), Voxx International Corporation (U.S.), Snap-On Inc. (U.S.), and Vector Informatik GmbH (Germany).

Target Audience

  • vehicle diagnostics solution providers
  • vehicle diagnostics solution software developers
  • Distributors and suppliers of  vehicle diagnostics solutions
  • Independent and authorized dealers of  vehicle diagnostics solutions
  • Industry associations and experts

Scope of the Report

  • By Region
    • Asia-Oceania
    • Europe
    • North America
    • Rest of the World (RoW)
  • By Vehicle Type
    • Light-Duty Vehicle
    • Commercial Vehicle
  • By Connectivity
    • 4G LTE
    • 3G
    • Bluetooth
    • Wi-Fi
  • By Application
    • Automatic Crash Notification
    • Vehicle Tracking
    • Vehicle Health Alert
    • Roadside Assistance
  • Aftermarket

Available Customizations

MarketsandMarkets offers the following customizations for this market:

  • Vehicle Diagnostics for OE Market, by Heavy Commercial Vehicle Type
    • Heavy Commercial Vehicle
      • Truck
      • Bus
  • Vehicle Diagnostics Aftermarket, by Commercial Vehicle Type
    • Commercial Vehicle
      • Light commercial vehicle
      • Truck
      • Bus
  • Vehicle Diagnostics (OE) Market, by Region,
    • (Further breakdown of the rest of Europe into country-level markets)
      • Spain
      • Portugal
      • The Netherlands
      • Sweden

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
    2.2 Secondary Data
           2.2.1 Key Secondary Sources
           2.2.2 Key Data From Secondary Sources
    2.3 Primary Data
           2.3.1 Sampling Techniques & Data Collection Methods
           2.3.2 Primary Participants
    2.4 Factor Analysis
           2.4.1 Introduction
           2.4.2 Demand-Side Analysis
                    2.4.2.1 Impact of Population on Total Vehicle Sales
                    2.4.2.2 Rising Demand for Hybrid & Electric Vehicles
                    2.4.2.3 Urbanization vs PCS Per 1,000 People
           2.4.3 Supply-Side Analysis
                    2.4.3.1 Technological Advancements
    2.5 Market Estimation
           2.5.1 Bottom-Up Approach
           2.5.2 Top-Down Approach
           2.5.3 Market Breakdown & Data Triangulation
           2.5.4 Assumptions

3 Executive Summary (Page No. - 31)
    3.1 Vehicle Diagnostics Market, By Region
    3.2 Vehicle Diagnostics Market, By Application
    3.3 Vehicle Diagnostics Market, By Connectivity
    3.4 Vehicle Diagnostics Aftermarket, By Region
    3.5 Vehicle Diagnostics Market: Growth Trends

4 Premium Insights (Page No. - 37)
    4.1 Introduction
    4.2 Attractive Opportunities in the Vehicle Diagnostics Market
    4.3 Vehicle Diagnostics Market Share, By Country (Value), 2016
    4.4 Vehicle Diagnostics Market Share, By Vehicle Type (Value), 2016–2021
    4.5 Vehicle Diagnostics Market, By Application (Volume), 2016–2021
    4.6 Vehicle Diagnostics Market, By Region (Value), 2016 - 2021
    4.7 Vehicle Diagnostics Market, By Connectivity (Value), 2016–2021
    4.8 Vehicle Diagnostics Aftermarket, By Region (Value), 2016–2021

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Application
           5.2.2 By Region
           5.2.3 By Connectivity
           5.2.4 By Vehicle Type
           5.2.5 By Aftermarket
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Pressure From OEMS to Improve Vehicle Performance & Collect Relevant Data
                    5.3.1.2 Increasingly Stringent Emission & Fuel Economy Regulations
                    5.3.1.3 Rising Demand for Luxury & Comfort
                    5.3.1.4 Introduction of Rde Test
           5.3.2 Restraints
                    5.3.2.1 Data Security Concerns
           5.3.3 Opportunities
                    5.3.3.1 Opportunities for Tsps
                    5.3.3.2 Benefits for Fleet Operators & Insurance Companies
           5.3.4 Challenges
                    5.3.4.1 Low-Cost Devices in the Aftermarket
    5.4 Porter’s Five Forces Analysis
           5.4.1 Vehicle Diagnostics Market
                    5.4.1.1 Intensity of Competitive Rivalry
                    5.4.1.2 Threat of New Entrants
                    5.4.1.3 Threat of Substitutes
                    5.4.1.4 Bargaining Power of Suppliers
                    5.4.1.5 Bargaining Power of Buyers

6 Vehicle Diagnostics, By Region, Vehicle, & Engine Type (Page No. - 59)
    6.1 Introduction
    6.2 Vehicle Diagnostic Market, By Region
    6.3 Vehicle Diagnostic Market, By Vehicle Type
    6.4 North America, By Vehicle & Engine Type
           6.4.1 U.S.: Vehicle Diagnostics Market, By Vehicle & Engine Type
           6.4.2 Mexico: Vehicle Diagnostics Market, By Vehicle & Engine Type
           6.4.3 Canada: Vehicle Diagnostics Market, By Vehicle & Engine Type
    6.5 Europe, By Vehicle & Engine Type
           6.5.1 Germany: Vehicle Diagnostics Market, By Vehicle & Engine Type
           6.5.2 U.K.: Vehicle Diagnostics Market, By Vehicle & Engine Type
           6.5.3 France: Vehicle Diagnostics Market, By Vehicle & Engine Type
           6.5.4 Italy: Vehicle Diagnostics Market, By Vehicle & Engine Type
    6.6 Asia-Oceania, By Vehicle & Engine Type
           6.6.1 China: Vehicle Diagnostics Market, By Vehicle & Engine Type
           6.6.2 Japan: Vehicle Diagnostics Market, By Vehicle & Engine Type
           6.6.3 South Korea: Vehicle Diagnostics Market, By Vehicle & Engine Type
           6.6.4 India: Vehicle Diagnostics Market Size
    6.7 RoW, By Vehicle & Engine Type
           6.7.1 Brazil: Vehicle Diagnostics Market, By Vehicle & Engine Type
           6.7.2 Russia: Vehicle Diagnostics Market, By Vehicle & Engine Type

7 Vehicle Diagnostics, By Application (Page No. - 83)
    7.1 Introduction
    7.2 Vehicle Diagnostics Market, By Application
           7.2.1 Acn Market, By Region
           7.2.2 Vehicle Tracking Market, By Region
           7.2.3 Vehicle Health Alert Market, By Region
           7.2.4 Roadside Assistance Market, By Region

8 Vehicle Diagnostics Market, By Connectivity (Page No. - 96)
    8.1 Introduction
    8.2 Vehicle Diagnostics Market, By Connectivity
    8.3 4G Lte Market, By Region
    8.4 3G Market, By Region
    8.5 Wi-Fi Market, By Region
    8.6 Bluetooth Market, By Region

9 Vehicle Diagnostics Aftermarket, By Region (Page No. - 101)
    9.1 Introduction
    9.2 Vehicle Diagnostic Aftermarket, By Region
    9.3 Light-Duty Vehicle Diagnostic Aftermarket, By Region
    9.4 CV Vehicle Diagnostic Aftermarket, By Region

10 Competitive Landscape (Page No. - 107)
     10.1 Introduction
     10.2 Company Ranking
     10.3 Competitive Situation & Trends
     10.4 New Product Launch
     10.5 Agreements/ Joint Ventures/ Supply Contracts/ Partnerships
     10.6 Mergers & Acquisitions
     10.7 Expansion

11 Company Profiles (Page No. - 113)
(Company at A Glance, Business Overview, Products Offered, Key Strategy, Recent Developments, SWOT Analysis & MnM View)*
     11.1 Introduction
     11.2 Robert Bosch GmbH
     11.3 Continental AG
     11.4 Delphi Automotive PLC
     11.5 Onstar LLC
     11.6 Snap-On Inc.
     11.7 Magneti Marelli
     11.8 Softing AG
     11.9 VOXX International Corporation
     11.10 Vector Informatik
     11.11 Vidiwave Ltd.

*Details on Company at A Glance, Recent Financials, Products Offered, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 136)
     12.1 Insights of Industry Experts
     12.2 Additional Recent Developments
     12.3 Available Customizations
             12.3.1 Vehicle Diagnostics for (OE) Market, By Heavy CV
                        12.3.1.1 Heavy CV
                                     12.3.1.1.1 Trucks
                                     12.3.1.1.2 Buses
             12.3.2 Vehicle Diagnostics Aftermarket, By CV
                        12.3.2.1 CV
                                     12.3.2.1.1 Light CV
                                     12.3.2.1.2 Trucks
                                     12.3.2.1.3 Buses
             12.3.3 Vehicle Diagnostics (OE) Market, By Region
                        12.3.3.1 Spain
                        12.3.3.2 Portugal
                        12.3.3.3 The Netherlands
                        12.3.3.4 Sweden
     12.4 Discussion Guide
     12.5 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.6 Introducing RT: Real Time Market Intelligence
     12.7 Related Reports
     12.8 Author Details


List of Tables (81 Tables)

Table 1 Government Incentives for Electric Vehicles
Table 2 Vehicle Diagnostics Market: By Application
Table 3 Vehicle Diagnostics Market: By Connectivity
Table 4 PCS With Vehicle Diagnostics Applications
Table 5 Luxury Vehicle Sales of Key Manufacturers, China, 2013–2015
Table 6 Luxury Vehicle Sales of Key Manufacturers, India, 2013–2015
Table 7 Porter’s Five Forces Analysis
Table 8 Vehicle Diagnostics Market Size, By Region, 2015–2021 (‘’000 Units)
Table 9 Vehicle Diagnostics Market Size, By Region, 2015–2021 (USD Million)
Table 10 Vehicle Diagnostics Market Size, By Vehicle Type, 2015–2021 (’000 Units)
Table 11 Vehicle Diagnostics Market Size, By Vehicle Type, 2015–2021 (USD Million)
Table 12 North America: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 13 North America: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 14 U.S.: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 15 U.S.: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 16 Mexico: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (‘000 Units)
Table 17 Mexico: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 18 Canada: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 19 Canada: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 20 Europe: Vehicle Diagnostics Market Size, By Engine Type & Vehicle Type, 2015–2021 (’000 Units)
Table 21 Europe: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 22 Germany: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 23 Germany: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 24 U.K.: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 25 U.K.: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 26 France: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 27 France: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 28 Italy: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 29 Italy: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 30 Asia-Oceania: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 31 Asia-Oceania: Vehicle Diagnostics Market Size, By Vehicle & Engine Type (USD Million)
Table 32 China: Vehicle Diagnostics Market Size, By Vehicle & Engine Type (’000 Units)
Table 33 China: Vehicle Diagnostics Market Size, By Vehicle & Engine Type (USD Million)
Table 34 Japan: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 35 Japan: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 36 South Korea: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 37 South Korea: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 38 India: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 39 India: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 40 RoW: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 41 RoW: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 42 Brazil: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 43 Brazil: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 44 Russia: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (’000 Units)
Table 45 Russia: Vehicle Diagnostics Market Size, By Vehicle & Engine Type, 2015–2021 (USD Million)
Table 46 Vehicle Diagnostics Market Size, By Application, 2015–2021 (’000 Units)
Table 47 Acn: Vehicle Diagnostics Market Size, By Region, 2015–2021 (’000 Units)
Table 48 North America: Acn Market Size, By Country, 2015–2021 (’000 Units)
Table 49 Europe: Acn Market Size, By Country, 2015–2021 (’000 Units)
Table 50 Asia-Oceania: Acn Market Size, By Country, 2015–2021 (’000 Units)
Table 51 RoW: Acn Market Size, By Country, 2015–2021 (’000 Units)
Table 52 Vehicle Tracking: Vehicle Diagnostics Market Size, By Region, 2015–2021 (’000 Units)
Table 53 North America: Vehicle Tracking Market Size, By Country, 2015–2021 (’000 Units)
Table 54 Europe: Vehicle Tracking Market Size, By Country, 2015–2021 (’000 Units)
Table 55 Asia-Oceania: Vehicle Tracking Market Size, By Country, 2015–2021 (’000 Units)
Table 56 RoW: Vehicle Tracking Market Size, By Country, 2015–2021 (’000 Units)
Table 57 Vehicle Health Alert: Vehicle Diagnostics Market Size, By Region, 2015–2021 (’000 Units)
Table 58 North America: Vehicle Health Alert Market Size, By Country, 2015–2021 (’000 Units)
Table 59 Europe: Vehicle Health Alert Market Size, By Country, 2015–2021 (’000 Units)
Table 60 Asia-Oceania: Vehicle Health Alert Market Size, By Country, 2015–2021 (’000 Units)
Table 61 RoW: Vehicle Health Alert Market Size, By Country, 2015–2021 (’000 Units)
Table 62 Roadside Assistance: Vehicle Diagnostics Market Size, By Region, 2015–2021 (’000 Units)
Table 63 North America: Roadside Assistance Market Size, By Country, 2015–2021 (’000 Units)
Table 64 Europe: Roadside Assistance Market Size, By Country, 2015–2021 (’000 Units)
Table 65 Asia-Oceania: Roadside Assistance Market Size, By Country, 2015–2021 (’000 Units)
Table 66 RoW: Roadside Assistance Market Size, By Country, 2015–2021 (’000 Units)
Table 67 Vehicle Diagnostics Market Size, By Connectivity, 2015–2021 (USD Million)
Table 68 4G Lte: Vehicle Diagnostics Market Size, By Region, 2015–2021 (USD Million)
Table 69 3G: Vehicle Diagnostics Market Size, By Region, 2015–2021 (USD Million)
Table 70 Wi-Fi: Vehicle Diagnostics Market Size, By Region, 2015–2021 (USD Million)
Table 71 Bluetooth: Vehicle Diagnostics Market Size, By Region, 2015–2021 (Million)
Table 72 Vehicle Diagnostics Aftermarket Size, By Region, 2015–2021 (’000 Units)
Table 73 Vehicle Diagnostics Aftermarket Size, By Region, 2015–2021 (USD Million)
Table 74 LDV: Vehicle Diagnostics Aftermarket Size, By Region, 2015–2021 (’000 Units)
Table 75 LDV: Vehicle Diagnostics Aftermarket Size, By Region, 2015–2021 (USD Million)
Table 76 CV: Vehicle Diagnostics Aftermarket Size, By Region, 2015–2021 (’000 Units)
Table 77 CV: Vehicle Diagnostics Aftermarket Size, By Region, 2015–2021 (USD Million)
Table 78 New Product Launch, 2013–2016
Table 79 Agreements/ Joint Ventures/ Supply Contracts/ Partnerships, 2013–2016
Table 80 Mergers & Acquisitions, 2012 - 2016
Table 81 Expansions, 2012–2016


List of Figures (53 Figures)

Figure 1 PC Vehicle Diagnostics Market Segmentation
Figure 2 Vehicle Diagnostics Market: Research Design
Figure 3 Research Design Model
Figure 4 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 5 Impact of Population on Vehicle Sales, 2014
Figure 6 Urbanization vs PC Per 1,000 People
Figure 7 Market Size Estimation Methodology: Bottom-Up Approach
Figure 8 Market Size Estimation Methodology: Top-Down Approach
Figure 9 Data Triangulation
Figure 10 North America is Estimated to Hold the Largest Share in the Vehicle Diagnostics Market, 2016–2021 (USD Billion)
Figure 11 Roadside Assistance is Estimated to Hold the Largest Market Share, 2016–2021 (’000 Units)
Figure 12 Bluetooth is Estimated to Account for the Largest Share in the Vehicle Diagnostics Market, 2016–2021 (USD Million)
Figure 13 North America is Expected to Account for the Largest Share in the Vehicle Diagnostics Aftermarket, 2016–2021 (USD Billion)
Figure 14 India & China are Projected to Be the Fastest Growing Markets During the Forecast Period (USD Billion)
Figure 15 Increasing Demand for Safety & Security in Vehicles is Expected to Drive the Vehicle Diagnostics Market
Figure 16 U.S. & Germany are Estimated to Hold the Largest Shares in the Vehicle Diagnostics Market in 2016
Figure 17 Vehicle Diagnostics Market, By Vehicle Type (Volume vs Value), 2016–2021
Figure 18 Vehicle Diagnostics Market Size, By Application, 2016–2021, (Million Units)
Figure 19 Vehicle Diagnostics Market Size, By Region, 2016 vs 2021 (USD Billion)
Figure 20 Vehicle Diagnostics Market Size, By Connectivity, 2016–2021 (USD Million)
Figure 21 Vehicle Diagnostics Aftermarket Size, By Region, 2016–2021 (USD Billion)
Figure 22 Vehicle Diagnostics Market: Market Dynamics
Figure 23 PC Emission Limits: Europe vs the U.S.
Figure 24 Porter’s Five Forces Analysis: Vehicle Diagnostics Market
Figure 25 Intensity of Competitive Rivalry in the Vehicle Diagnostics Market is Considered Medium
Figure 26 Limited Or No Product Differentiation Leads to Medium Degree of Competition in the Vehicle Diagnostics Market
Figure 27 Well-Established Companies & High Initial Investment Will Result in Low Impact of New Entrants
Figure 28 Limited Availability of Substitutes Makes the Threat of Substitutes Low
Figure 29 Intense Competition Among Existing Suppliers Makes the Bargaining Power of Suppliers Medium
Figure 30 Buyer’s Bargaining Power is Rated Medium Owing to Low Product Differentiation & Limited Awareness Among Users
Figure 31 Vehicle Diagnostics Market Outlook, By Volume (2016): North America is Estimated to Account for the Largest Market Share During the Forecast Period
Figure 32 The U.S. is Projected to Lead the North American Vehicle Diagnostics Market By 2021
Figure 33 Germany is Estimated to Be the Largest Market for Vehicle Diagnostics in Europe During the Forecast Period (USD Billion)
Figure 34 China is Estimated to Be the Largest Contributor to the Asia-Oceania Vehicle Diagnostics Market
Figure 35 Roadside Assistance to Be the Largest Segment of the Vehicle Diagnostics Market, By Application, 2016–2021 (Million Units)
Figure 36 Bluetooth Segment is Estimated to Lead the Vehicle Diagnostics Market, By Connectivity, 2016
Figure 37 North America is Estimated to Lead the Vehicle Diagnostics Aftermarket, By Volume, 2016-2021 (Million Units)
Figure 38 Companies Adopted New Product Launch as the Key Growth Strategy From 2012 to 2016
Figure 39 Market Evolution Framework: New Product Launches are Expected to Boost Growth During the Forecast Period
Figure 40 Battle for Market Share: New Product Launch Was the Key Strategy Adopted
Figure 41 Robert Bosch GmbH: Company Snapshot
Figure 42 Robert Bosch GmbH: SWOT Analysis
Figure 43 Continental AG: Company Snapshot
Figure 44 Continental AG: SWOT Analysis
Figure 45 Delphi Automotive PLC: Company Snapshot
Figure 46 Delphi Automotive PLC: SWOT Analysis
Figure 47 Onstar LLC: SWOT Analysis
Figure 48 Snap-On Inc.: Company Snapshot
Figure 49 Snap-On Inc.: SWOT Analysis
Figure 50 Magneti Marelli: Company Snapshot
Figure 51 Softing AG: Company Snapshot
Figure 52 VOXX International Corporation: Company Snapshot
Figure 53 Vector Informatik: Company Snapshot

The global 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. Stringent emission norms, the rising demand for safety and security in vehicles, and the growing inclination towards premium vehicles are expected to propel the growth of the vehicle diagnostics market.
The vehicle diagnostics market, by application, is dominated by the roadside assistance segment, which is estimated to be the largest market, in terms of volume, during the forecast period. The high demand for roadside assistance as a standard feature in vehicles is attributed to the advantages it offers, including  assistance at the time of a vehicle breakdown, emergency support, and sending a mechanic in case of critical failure. The market for such applications is witnessing substantial growth, with regulatory bodies planning to mandate some of the applications.

Bluetooth technology is estimated to hold the largest share in the vehicle diagnostics market, by connectivity. This trend is expected to continue during the forecast period. Bluetooth technology is primarily used to enable in-car connectivity between a vehicle’s dashboard and electronic gadgets such as smartphones, laptops, and tablets. Given the increasing demand from end-users to incorporate smartphone features such as navigation, diagnostics, and infotainment inside the vehicle, Bluetooth technology has become an essential feature in vehicles.

The North American region is estimated to be the largest market for vehicle diagnostics during the forecast period. This can be attributed to the high adoption rate of innovations and advanced technology in the region. Additionally, the demand for premium cars with advanced safety and security features is high in this region. North America has some of the most stringent regulations for vehicle safety, emissions, and fuel economy in the world; this is expected to boost the market for vehicle diagnostics in the region.

Remote Vehicle Diagnostics Market

A key factor restraining the growth of the vehicle diagnostics market is data security and privacy concerns. Owing to the increased number of electronic components in the vehicle, additional data has to be diagnosed on a real-time basis. The need to provide real-time information would bring about the threat of cybersecurity. This would adversely affect the vehicle diagnostics market.

The global  vehicle diagnostics market is dominated by established players such as Robert Bosch GmbH (Germany), Continental AG (Germany), OnStar LLC (U.S.), Magneti Marelli S.p.A (Italy), Delphi Automotive PLC (U.K.), Softing AG (Germany), Voxx International Corporation (U.S.), Snap-On Inc. (U.S.), and Vector Informatik GmbH (Germany). These companies have been focusing on new product development and collaborating with key local organizations to expand their presence in the global vehicle diagnostics market. OnStar LLC is currently the market leader, and has adopted expansion a key strategy to gain traction in emerging markets. For instance, in 2016, the company entered the Argentinian market to expand its presence in South America.

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