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Electric Vehicle Remote Diagnostics Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Mar 2022
  • Pages: 138
  • SKU: IRTNTR72425
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The electric vehicle remote diagnostics market share is expected to increase to USD 2.27 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 39.3%.

This electric vehicle remote diagnostics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers electric vehicle remote diagnostics market segmentation by application (passenger cars and commercial vehicles) and geography (Europe, APAC, North America, South America, and Middle East and Africa).

What will the Electric Vehicle Remote Diagnostics Market Size be During the Forecast Period?

Electric Vehicle Remote Diagnostics Market Size

Download the Free Report Sample to Unlock the Electric Vehicle Remote Diagnostics Market Size for the Forecast Period and Other Important Statistics

 

The electric vehicle remote diagnostics market report also offers information on several market vendors, including AVL DiTEST GmbH, Continental AG, DENSO Corp., Eaton Corp. Plc, General Motors Co., Geotab Inc., International Business Machines Corp., Marelli Holdings Co. Ltd., Omnitracs LLC, Parker Hannifin Corp., Robert Bosch GmbH, Siemens AG, Solaris Bus & Coach sp. z o.o., Tech Mahindra Ltd., Trimble Inc., Vector Informatik GmbH, Verizon Communications Inc., Vidiwave Ltd., ViriCiti BV, and ZF Friedrichshafen AG among others.

Electric Vehicle Remote Diagnostics Market: Key Drivers, Trends, and Challenges

The reducing battery pack prices boosting EV demand is notably driving the electric vehicle remote diagnostics market growth, although factors such as subscription cost associated with EV remote diagnostics services may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric vehicle remote diagnostics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Electric Vehicle Remote Diagnostics Market Driver

One of the key factors driving the global electric vehicle remote diagnostics industry growth is reducing battery pack prices, which is boosting EV demand. For instance;

  • A battery pack cost of USD 100 per kWh is essential for electric cars to achieve price parity. The Chevrolet Bolt EV has a 57 kWh battery pack, the cost of which can be as low as USD 10,830 (considering USD 190 per kWh battery pack cost).

A crucial factor for the decline in Li-ion battery costs is the relocation of manufacturing bases from Japan to China. This has encouraged Chinese manufacturers to develop Li-ion batteries for EVs at prices competitive to lead-acid batteries. The lower price of EVs will allow providers of remote diagnostics services to push the adoption of advanced telematics services, as the high upfront cost of EVs acts as a barrier for customers to opt for advanced packages of telematics services. Such factors will drive market growth in the coming years.

Key Electric Vehicle Remote Diagnostics Market Trend

Growing popularity of remote diagnostics services in electric buses is one of the key electric vehicle remote diagnostics market trends that is expected to impact the industry positively in the forecast period. Spurred by this, bus manufacturers and telematics service providers are developing solutions for electric buses to make them more efficient. For instance;

  • ViriCiti is offering multiple packages for monitoring electric buses designed to suit the needs of a wide range of customers.

Bus manufacturers are also developing remote diagnosis solutions to improve maintenance options. For instance, in 2018, Solaris Bus and Coach developed the eSConnect, a remote diagnostic system for electric buses to support diagnostic solutions, improve maintenance options, and facilitate the analysis of specialized data derived from its buses. Such factors will further support the market growth in the coming years.

Key Electric Vehicle Remote Diagnostics Market Challenge

One of the key challenges to the global electric vehicle remote diagnostics industry growth is the subscription cost associated with EV remote diagnostics services. The market for remote diagnostics hinges on low costs as such applications uses the same telematics control units and hardware components as other connected car offerings. Hence, it is very important for OEMs to bundle remote diagnostics with other connected car offerings. Vendors are making remote vehicle diagnostics as optional offerings to enable buyers to choose connectivity applications they would mostly use. For instance;

  • OnStar offers its OnStar safety and security plan remote access at USD 34.99 per month, while the base plan without remote access comes at USD 24.99 a month.

Technavio believes that adopting such a strategy will help them earn revenues through subscriptions. Hence, price-sensitive customers will prefer the base package without remote diagnostics services, which can hinder market growth in the forecast period.

This electric vehicle remote diagnostics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global electric vehicle remote diagnostics market as a part of the global auto parts and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the electric vehicle remote diagnostics market during the forecast period.

Who are the Major Electric Vehicle Remote Diagnostics Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • AVL DiTEST GmbH
  • Continental AG
  • DENSO Corp.
  • Eaton Corp. Plc
  • General Motors Co.
  • Geotab Inc.
  • International Business Machines Corp.
  • Marelli Holdings Co. Ltd.
  • Omnitracs LLC
  • Parker Hannifin Corp.
  • Robert Bosch GmbH
  • Siemens AG
  • Solaris Bus & Coach sp. z o.o.
  • Tech Mahindra Ltd.
  • Trimble Inc.
  • Vector Informatik GmbH
  • Verizon Communications Inc.
  • Vidiwave Ltd.
  • ViriCiti BV
  • ZF Friedrichshafen AG

 

This statistical study of the electric vehicle remote diagnostics market encompasses successful business strategies deployed by the key vendors. The electric vehicle remote diagnostics market is fragmented and the vendors are deploying growth strategies such as product differentiation and innovation to compete in the market.

Product Insights and News

  • Continental AG - The company offers diagnostics and services - engineering solutions for safety and motion while driving. 
  • Continental AG - In June 2021, the company appointed Gilles Mabire as Chief technology officer. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric vehicle remote diagnostics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Electric Vehicle Remote Diagnostics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the electric vehicle remote diagnostics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Electric Vehicle Remote Diagnostics Market?

Electric Vehicle Remote Diagnostics Market Market segmentation by region

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44% of the market's growth will originate from Europe during the forecast period. Germany and UK are the key markets for electric vehicle remote diagnostics in Europe. Market growth in this region will be faster than the growth of the market in other regions.

Regular advancements in technologies and services and the introduction of all-electric trucks by prominent OEMs will facilitate the electric vehicle remote diagnostics market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In Europe, the COVID-19 pandemic led to strict blockades in most countries since the end of March 2020, which were particularly widespread throughout April 2020. New registrations for EVs fell again to zero in April 2020. This affected the demand for remote diagnostics for EVs and is back at pre-pandemic levels in 2021. As the COVID-19 situation alleviates, development of the automotive sector, including electric vehicle production, connected car testing, and self-driving car manufacturing, is expected to gather pace in the coming years.

What are the Revenue-generating Application Segments in the Electric Vehicle Remote Diagnostics Market?

Electric Vehicle Remote Diagnostics Market Segmentation

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The electric vehicle remote diagnostics market share growth by the passenger cars segment will be significant during the forecast period. The growing adoption of electric cars will boost the demand for electric vehicle remote diagnostics, which will support the market growth through this segment in the coming years. In addition, the increasing need to monitor vehicle health will give a fillip to the passenger cars segment.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric vehicle remote diagnostics market size and actionable market insights on post COVID-19 impact on each segment.

 

Electric Vehicle Remote Diagnostics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 39.3%

Market growth 2022-2026

$ 2.27 billion

Market structure

Fragmented

YoY growth (%)

33.82

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

Europe at 44%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AVL DiTEST GmbH, Continental AG, DENSO Corp., Eaton Corp. Plc, General Motors Co., Geotab Inc., International Business Machines Corp., Marelli Holdings Co. Ltd., Omnitracs LLC, Parker Hannifin Corp., Robert Bosch GmbH, Siemens AG, Solaris Bus & Coach sp. z o.o., Tech Mahindra Ltd., Trimble Inc., Vector Informatik GmbH, Verizon Communications Inc., Vidiwave Ltd., ViriCiti BV, and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Electric Vehicle Remote Diagnostics Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive electric vehicle remote diagnostics market growth during the next five years
  • Precise estimation of the electric vehicle remote diagnostics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle remote diagnostics industry across Europe, APAC, North America, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle remote diagnostics market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Application

    • 5.1 Market segments
      • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
    • 5.2 Comparison by Application
      • Exhibit 26: Chart on Comparison by Application
      • Exhibit 27: Data Table on Comparison by Application
    • 5.3 Passenger cars - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)
    • 5.4 Commercial vehicles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Commercial vehicles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Commercial vehicles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Commercial vehicles - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Application
      • Exhibit 36: Market opportunity by Application ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 UK - Market size and forecast 2021-2026
      • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Continental AG
              • Exhibit 89: Continental AG - Overview
              • Exhibit 90: Continental AG - Business segments
              • Exhibit 91: Continental AG - Key news
              • Exhibit 92: Continental AG - Key offerings
              • Exhibit 93: Continental AG - Segment focus
            • 10.4 General Motors Co.
              • Exhibit 94: General Motors Co. - Overview
              • Exhibit 95: General Motors Co. - Business segments
              • Exhibit 96: General Motors Co. - Key news
              • Exhibit 97: General Motors Co. - Key offerings
              • Exhibit 98: General Motors Co. - Segment focus
            • 10.5 Geotab Inc.
              • Exhibit 99: Geotab Inc. - Overview
              • Exhibit 100: Geotab Inc. - Product / Service
              • Exhibit 101: Geotab Inc. - Key offerings
            • 10.6 Marelli Holdings Co. Ltd.
              • Exhibit 102: Marelli Holdings Co. Ltd. - Overview
              • Exhibit 103: Marelli Holdings Co. Ltd. - Product / Service
              • Exhibit 104: Marelli Holdings Co. Ltd. - Key news
              • Exhibit 105: Marelli Holdings Co. Ltd. - Key offerings
            • 10.7 Omnitracs LLC
              • Exhibit 106: Omnitracs LLC - Overview
              • Exhibit 107: Omnitracs LLC - Product / Service
              • Exhibit 108: Omnitracs LLC - Key offerings
            • 10.8 Robert Bosch GmbH
              • Exhibit 109: Robert Bosch GmbH - Overview
              • Exhibit 110: Robert Bosch GmbH - Business segments
              • Exhibit 111: Robert Bosch GmbH - Key news
              • Exhibit 112: Robert Bosch GmbH - Key offerings
              • Exhibit 113: Robert Bosch GmbH - Segment focus
            • 10.9 Vector Informatik GmbH
              • Exhibit 114: Vector Informatik GmbH - Overview
              • Exhibit 115: Vector Informatik GmbH - Product / Service
              • Exhibit 116: Vector Informatik GmbH - Key offerings
            • 10.10 Verizon Communications Inc.
              • Exhibit 117: Verizon Communications Inc. - Overview
              • Exhibit 118: Verizon Communications Inc. - Business segments
              • Exhibit 119: Verizon Communications Inc. - Key offerings
              • Exhibit 120: Verizon Communications Inc. - Segment focus
            • 10.11 Vidiwave Ltd.
              • Exhibit 121: Vidiwave Ltd. - Overview
              • Exhibit 122: Vidiwave Ltd. - Product / Service
              • Exhibit 123: Vidiwave Ltd. - Key offerings
            • 10.12 ZF Friedrichshafen AG
              • Exhibit 124: ZF Friedrichshafen AG - Overview
              • Exhibit 125: ZF Friedrichshafen AG - Business segments
              • Exhibit 126: ZF Friedrichshafen AG - Key news
              • Exhibit 127: ZF Friedrichshafen AG - Key offerings
              • Exhibit 128: ZF Friedrichshafen AG - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 129: Inclusions checklist
                • Exhibit 130: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 131: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 132: Research methodology
                • Exhibit 133: Validation techniques employed for market sizing
                • Exhibit 134: Information sources
              • 11.5 List of abbreviations
                • Exhibit 135: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Electric Vehicle Remote Diagnostics market growth will increase by $2271.69 million during 2022-2026.
              The electric vehicle remote diagnostics market is expected to grow at a CAGR of 39.3% during 2022-2026.
              Technavio has segmented the electric vehicle remote diagnostics market by application (Passenger cars, Commercial vehicles, Middle East and Africa, Passenger cars, and Commercial vehicles) and geographic (Europe, APAC, North America, South America, and Middle East and Africa).
              AVL DiTEST GmbH, Continental AG, DENSO Corp., Eaton Corp. Plc, General Motors Co., Geotab Inc., International Business Machines Corp., Marelli Holdings Co. Ltd., Omnitracs LLC, Parker Hannifin Corp., Robert Bosch GmbH, Siemens AG, Solaris Bus & Coach sp. z o.o., Tech Mahindra Ltd., Trimble Inc., Vector Informatik GmbH, Verizon Communications Inc., Vidiwave Ltd., ViriCiti BV, ZF Friedrichshafen AG are a few of the key vendors in the electric vehicle remote diagnostics market.
              Europe will register the highest growth rate of 43.94% among the other regions. Therefore, the electric vehicle remote diagnostics market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the electric vehicle remote diagnostics market growth are:
              • Reducing battery pack prices boosting EV demand
              • Growing popularity of remote diagnostics services in electric buses
              The electric vehicle remote diagnostics market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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