The Europe vehicle remote diagnostic market revenue totaled US$ 1,629.3 million in 2022. Sales are expected to increase at a 14.4% CAGR over the forecast period, with the market valuation reaching US$ 6,001.1 million by 2033.
Vehicles produced by the leading automotive original equipment manufacturers (OEMs) are built with automotive embedded systems. Connected vehicles have created a new ecosystem within the automotive industry where automotive OEMs are implementing next-generation technologies such as mobility management, vehicle management, and driver assistance in vehicles.
Remote diagnostics play a significant role in the adoption of IoT in automobiles as it enables assessment of vehicle condition, assistance in vehicle diagnostic, and alerting on due repair and maintenance. Thus, various automobile manufacturers are adopting vehicle remote diagnostics to provide an enhanced driving experience to consumers.
The Europe vehicle remote diagnostic market currently represents nearly 30% of the overall global vehicle remote diagnostic market.
Attribute | Details |
---|---|
Europe Vehicle Remote Diagnostic Market Estimated Value (2022) | US$ 1,629.3 million |
Europe Vehicle Remote Diagnostic Market Estimated Value (2023) | US$ 1,810.2 million |
Europe Vehicle Remote Diagnostic Market Projected Value (2033) | US$ 6,001.1 million |
Europe Vehicle Remote Diagnostic Market Value-based CAGR% (2023 to 2033) | 14.4% |
Europe Vehicle Remote Diagnostic Market Value-based CAGR% (2018 to 2022) | 10.6% |
Europe Vehicle Diagnostic Market Top 5 Vendor Market Share | More than 30% |
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Telematics is an interdisciplinary field that includes:
The use of telecommunication equipment is to send, receive, and store information to control remote operations. Increasing integration of telecommunications and informatics in autonomous vehicles is anticipated to bode well for the market
In-car navigation systems and navigation satellite system technology is merged with computers and mobile communication technologies, along with applications in vehicles. Vehicle telematics offers constant diagnostics of vehicles and their components. This is expected to boost sales of vehicle remote diagnostics over the forecast period.
Cloud diagnostics is a novel diagnostic approach. A cloud-based program handles campaigns involving vehicle fleets on its own, such as continuous scanning of fault memory. It also enables the diagnosis of the vehicle's status and overall quality. This method also allows for precise vehicle programming.
For real-time driver behavior monitoring, trip analysis, and vehicle diagnostics, cloud-based vehicular data gathering and analytics systems are used. These systems consist of an onboard diagnostics (OBD) port to Bluetooth dongle, a smartphone app, and a cloud-based backend. On both the smartphone and the backend, complex event processors (CEPs) recognize and report dangerous and unexpected events in real time based on OBD data. For example,
Backed by the aforementioned factors, the integration of cloud vehicle diagnostic systems is expected to increase and in turn, is expected to boost sales of vehicle remote diagnostics over the forecast period.
The Europe vehicle remote diagnostic market is anticipated to expand at a CAGR of 14.4% during the forecast period, in comparison with the 10.6% CAGR registered between 2018 and 2022. With continuous developments in cloud services and security, automotive manufacturers are adopting cloud storage or software-as-a-service (SaaS).
For vehicle remote diagnostic providers, collaboration with cloud service providers is anticipated to create opportunities for growth in the market. Cloud service providers can also help vehicle remote diagnostic service vendors to expand their footprint in new locations without the need for setting up a physical distribution channel.
Increasing Adoption of Vehicle Remote Diagnostic Systems in Passenger Vehicles is Projected to Boost Sales
Country | The United Kingdom |
---|---|
Value Share % (2022) | 9.8% |
Forecast CAGR % (2023 to 2033) | 10.4% |
According to the study, sales in the United Kingdom are estimated to grow by 5.0X during the forecast period. Growing emphasis on the enhancement of vehicle performance and the collection of relevant data is expected to drive sales in the market.
The adoption of vehicle remote diagnostics aids in reducing servicing downtime and efficiently predicting component defects. In line with this, surging demand for electric vehicles and hybrid vehicles (E/HVs) is anticipated to propel demand in the market.
Several technological advancements such as the integration of the Internet of Things (IoT) and telematics are acting as growth influencers in the market.
Surging Demand for Luxury Vehicles in Germany is Expected to Fuel Sales of Vehicle Remote Diagnostics
Country | Germany |
---|---|
Value Share % (2022) | 8.2% |
Forecast CAGR % (2023 to 2033) | 9.2% |
Germany is expected to hold a significant market share, with total sales accounting for more than 8.2% of Europe’s market share through 2033. Increasing demand for luxury and sports vehicles, along with ongoing research and development (R&D) activities for enhancing the safety and security of passengers is forecasted to continue pushing sales.
The presence of leading vehicle remote diagnostic market players in Germany such as MAHLE Aftermarket GmbH, Bosch Automotive Aftermarket, and Vector Informatik GmbH is expected to augment the growth in the market.
Growing Applications of Vehicle Telematics in BENELUX to Steer Market Growth
Sales in BENELUX are estimated to increase at an impressive 11.1% CAGR between 2023 and 2033. Increasing production and sales of passenger cars and commercial vehicles is spurring demand for road assistance, vehicle health alert systems, automatic crash notifications, and vehicle location tracking.
Belgium is expected to emerge as one of the most notable markets over the forecast period due to the emergence of a connected vehicle ecosystem combined with the effective integration of technology and workflows. Vehicle remote diagnostics players are concentrating on product capacity expansion as a key strategy to improve their market presence.
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Category | Solution |
---|---|
Top Segment | Vehicle Remote Diagnostic Software (ECU Diagnostic Software) |
Value Share % (2022) | 55.9% |
Category | Vehicle Type |
---|---|
Top Segment | Heavy Commercial Vehicle |
Value Share % (2022) | 59.6% |
Increasing Preference for Real-Time Monitoring is Expected to Boost Sales of Vehicle Remote Diagnostic Software
The vehicle remote diagnostic software segment is expected to offer US$ 2 billion by 2033. Diagnostic software enables the interpretation of car codes and identifies the severity of the problem within the vehicle. This software is easy to use where the OBD2 scanner, and OBD2 connector, are plugged in to obtain results in real-time. Some new cars have an in-built OBD2 system and data connection to upload-derived data to a server.
ECU diagnosis solutions are also compatible with laptops and mobile phones, allowing multitasking while fixing automobile problems in a matter of minutes.
Sales of Vehicle Remote Diagnostics in Passenger Vehicles to Remain Steady
Passenger & light commercial vehicles segments collectively accounted for about 40% of the total market share in 2022, and the trend is expected to continue over the forecast period. Growing demand for safety systems in passenger and light commercial vehicles is anticipated to drive sales in this segment in the forthcoming years.
Manufacturers are integrating remote diagnostic services to improve the overall experience of driving the vehicle and to differentiate their brand from other competitors. Thus, the advancements in commercial vehicles are creating opportunities for vehicle remote diagnostic solution providers.
Increasing Sales of Electric Vehicles is Expected to Drive Vehicle Remote Diagnostic Demand
Sales in the electric/hybrid engine segment are estimated to grow by 3.6X during the forecast period. According to the European Environment Agency (EEA), sales of electric cars and vans in Europe significantly increased in 2020. The number of electric cars registered for the year was close to 1,325,000, up from 550,000 in 2019. In just one year, the percentage of total new car registrations has risen from 3.5 percent to 11%.
Electric vehicles, such as battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), are slowly making their way into the Europe market. These EVs and PHEVs allow telematics and the Internet of Things (IoT) to be integrated into the vehicle diagnostic system.
Most EVs feature internet connection systems such as 4G LTE, Wi-Fi, or 5G, which promote the adoption of vehicle remote diagnostic (VRD) systems and software.
Europe vehicle remote diagnostic market players are focusing on research and development to support future technologies. In addition, various companies are acquiring and entering into partnerships with other companies to develop their vehicle remote diagnostic solutions. For instance:
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | US$ million for Value |
Key Countries Covered | Germany, Italy, France, the United Kingdom, Spain, BENELUX, Norway, Sweden, Russia, Denmark, Finland, Poland, Rest of Europe |
Key Segments Covered | Solution, Vehicle Type, Engine Type, and Country |
Key Companies Profiled | MAHLE Aftermarket GmbH; Herth+Buss; Astech; Autologic Diagnostic; Bosch Automotive; Vector Informatik; ACTIA Group; Jifeline Remote Diagnostic BV; Red (EU) Ltd; Hella GmbH; Embitel |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Customization & Pricing | Available upon Request |
The industry is valued at US$ 1,810.2 million in 2023.
The challenge in the market is the lack of standardization and security concerns.
The automotive industry is the key consumer of the Europe vehicle remote diagnostic market.
The industry is estimated to reach US$ 6,001.1 million by 2033.
The Europe vehicle remote diagnostic market CAGR for 2033 is 14.4%.
1. Executive Summary 1.1. Europe Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Solution 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Solution, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Solution, 2023 to 2033 5.3.1. Vehicle Remote Diagnostic Software (ECU Diagnosis Software) 5.3.2. Remote Diagnostic Services 5.3.2.1. ECU Programming 5.3.2.2. ECU SW Download & Support 5.3.2.3. Component Coding & Fixing 5.3.2.4. Others 5.4. Y-o-Y Growth Trend Analysis By Solution, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Solution, 2023 to 2033 6. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Vehicle Type, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Vehicle Type, 2023 to 2033 6.3.1. Passenger & Light Commercial Vehicle 6.3.2. Heavy Commercial Vehicle 6.4. Y-o-Y Growth Trend Analysis By Vehicle Type, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Vehicle Type, 2023 to 2033 7. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Engine Type 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis by Engine Type, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast by Engine Type, 2023 to 2033 7.3.1. Internal Combustion Engine 7.3.2. Electric/ Hybrid Engine 7.4. Y-o-Y Growth Trend Analysis by Engine Type, 2018 to 2022 7.5. Absolute $ Opportunity Analysis by Engine Type, 2023 to 2033 8. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 8.3.1. Europe 8.4. Market Attractiveness Analysis By Region 9. Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Germany 9.2.1.2. United Kingdom 9.2.1.3. France 9.2.1.4. Spain 9.2.1.5. Italy 9.2.1.6. Rest of Europe 9.2.2. By Solution 9.2.3. By Vehicle Type 9.2.4. By Engine Type 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Solution 9.3.3. By Vehicle Type 9.3.4. By Engine Type 9.4. Key Takeaways 10. Key Countries Market Analysis 10.1. Germany 10.1.1. Pricing Analysis 10.1.2. Market Share Analysis, 2022 10.1.2.1. By Solution 10.1.2.2. By Vehicle Type 10.1.2.3. By Engine Type 10.2. United Kingdom 10.2.1. Pricing Analysis 10.2.2. Market Share Analysis, 2022 10.2.2.1. By Solution 10.2.2.2. By Vehicle Type 10.2.2.3. By Engine Type 10.3. France 10.3.1. Pricing Analysis 10.3.2. Market Share Analysis, 2022 10.3.2.1. By Solution 10.3.2.2. By Vehicle Type 10.3.2.3. By Engine Type 10.4. Spain 10.4.1. Pricing Analysis 10.4.2. Market Share Analysis, 2022 10.4.2.1. By Solution 10.4.2.2. By Vehicle Type 10.4.2.3. By Engine Type 10.5. Italy 10.5.1. Pricing Analysis 10.5.2. Market Share Analysis, 2022 10.5.2.1. By Solution 10.5.2.2. By Vehicle Type 10.5.2.3. By Engine Type 11. Market Structure Analysis 11.1. Competition Dashboard 11.2. Competition Benchmarking 11.3. Market Share Analysis of Top Players 11.3.1. By Regional 11.3.2. By Solution 11.3.3. By Vehicle Type 11.3.4. By Engine Type 12. Competition Analysis 12.1. Competition Deep Dive 12.1.1. MAHLE Aftermarket GmbH 12.1.1.1. Overview 12.1.1.2. Product Portfolio 12.1.1.3. Profitability by Market Segments 12.1.1.4. Sales Footprint 12.1.1.5. Strategy Overview 12.1.1.5.1. Marketing Strategy 12.1.2. Herth+Buss 12.1.2.1. Overview 12.1.2.2. Product Portfolio 12.1.2.3. Profitability by Market Segments 12.1.2.4. Sales Footprint 12.1.2.5. Strategy Overview 12.1.2.5.1. Marketing Strategy 12.1.3. Astech 12.1.3.1. Overview 12.1.3.2. Product Portfolio 12.1.3.3. Profitability by Market Segments 12.1.3.4. Sales Footprint 12.1.3.5. Strategy Overview 12.1.3.5.1. Marketing Strategy 12.1.4. Autologic Diagnostic 12.1.4.1. Overview 12.1.4.2. Product Portfolio 12.1.4.3. Profitability by Market Segments 12.1.4.4. Sales Footprint 12.1.4.5. Strategy Overview 12.1.4.5.1. Marketing Strategy 12.1.5. Bosch Automotive 12.1.5.1. Overview 12.1.5.2. Product Portfolio 12.1.5.3. Profitability by Market Segments 12.1.5.4. Sales Footprint 12.1.5.5. Strategy Overview 12.1.5.5.1. Marketing Strategy 12.1.6. Vector Informatik 12.1.6.1. Overview 12.1.6.2. Product Portfolio 12.1.6.3. Profitability by Market Segments 12.1.6.4. Sales Footprint 12.1.6.5. Strategy Overview 12.1.6.5.1. Marketing Strategy 12.1.7. ACTIA Group 12.1.7.1. Overview 12.1.7.2. Product Portfolio 12.1.7.3. Profitability by Market Segments 12.1.7.4. Sales Footprint 12.1.7.5. Strategy Overview 12.1.7.5.1. Marketing Strategy 12.1.8. Jifeline Remote Diagnostic BV 12.1.8.1. Overview 12.1.8.2. Product Portfolio 12.1.8.3. Profitability by Market Segments 12.1.8.4. Sales Footprint 12.1.8.5. Strategy Overview 12.1.8.5.1. Marketing Strategy 12.1.9. Red (EU) Ltd 12.1.9.1. Overview 12.1.9.2. Product Portfolio 12.1.9.3. Profitability by Market Segments 12.1.9.4. Sales Footprint 12.1.9.5. Strategy Overview 12.1.9.5.1. Marketing Strategy 12.1.10. Hella GmbH 12.1.10.1. Overview 12.1.10.2. Product Portfolio 12.1.10.3. Profitability by Market Segments 12.1.10.4. Sales Footprint 12.1.10.5. Strategy Overview 12.1.10.5.1. Marketing Strategy 12.1.11. Embitel 12.1.11.1. Overview 12.1.11.2. Product Portfolio 12.1.11.3. Profitability by Market Segments 12.1.11.4. Sales Footprint 12.1.11.5. Strategy Overview 12.1.11.5.1. Marketing Strategy 13. Assumptions & Acronyms Used 14. Research Methodology
Technology
October 2022
REP-NA-142
250 pages
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