Emergence of autonomous vehicles is supporting growth of the market
The key factor responsible for the growth of the global remote vehicle diagnostics market is advent of autonomous vehicle.
In electric vehicles this solution is responsible for monitoring working status of the vehicle, control, and providing overall status of the vehicle, which includes status of battery and remote vehicle operations such as door locking and HVAC, by sending updates via email or SMS to the owner.
For instance, according to IHS Markit, an automotive database provider, the global autonomous vehicles sales is expected to cross over 600,000 units in 2025 increasing at a CAGR of 43% between 2025 and 2035.
Remote Vehicle Diagnostics Market Taxonomy
On the basis of vehicle type, the global remote vehicle diagnostics market is segmented into: