Electric Vehicle Remote Diagnostics Market Size to Grow by USD 2.27 Billion | Revenue, Trends, Growth Opportunities, Competition, Regional Analysis and Future Outlook to 2026

NEW YORK, May 18, 2022 /PRNewswire/ -- The Electric Vehicle Remote Diagnostics Market value is set to grow by USD 2.27 billion, progressing at a CAGR of 39.3% from 2021 to 2026, as per the latest report by Technavio.

Vendor Landscape

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

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

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.

Download Report to know about the market's vendor landscape highlights with a comprehensive list of vendors and their offerings

Latest Drivers & Trends of the Global Electric Vehicle Remote Diagnostics Market

• Market Driver:
• Reducing battery pack prices:

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). 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. 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. Such factors will drive market growth in the coming years.

• Market Trend:
• Growing popularity of remote diagnostics services in electric buses:

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.

Download sample report to find additional information about various other market drivers & trends

Key Market Segmentation

• Segmentation by Application:
• Passenger cars:

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.      

• Commercial vehicles

Download Sample of this report for more highlights into the market segments

Our Electric Vehicle Remote Diagnostics Market Report Covers the Following Areas:

• Electric Vehicle Remote Diagnostics Market Size
• Electric Vehicle Remote Diagnostics Market Trends 
• Electric Vehicle Remote Diagnostics Market Analysis

Regional Market Outlook

The market is segmented by Geography (Europe, APAC, North America, South America, and Middle East and Africa). 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. 

Download our sample report for more key highlights on the regional market share of most of the above-mentioned countries

Need More? Are You Looking for Information Not Covered in This Report?

• Want to understand more about the various research methodology?
• Evaluate a specific segment or region in detail
• Identify key suppliers, customers, or other market players
• Analyze market regulations

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Electric Vehicle Remote Diagnostics Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist Electric Vehicle Remote Diagnostics Market growth during the next five years
• Estimation of the Electric Vehicle Remote Diagnostics Market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the Electric Vehicle Remote Diagnostics Market
• 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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Table of Contents

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

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

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Email: [email protected]
Website: www.technavio.com/

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