SAN FRANCISCO, Oct. 22, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Remote Diagnostics - Global Market Trajectory & Analytics." The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 412
Companies: 44 - Players covered include Continental AG; Delphi Automotive PLC; Magneti Marelli SpA; OnStar LLC; Robert Bosch GmbH; Snap-on, Inc.; Softing AG; Vector Informatik GmbH; Vidiwave Ltd.; VOXX International Corporation and Others.
Coverage: All major geographies and key segments
Segments: Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, Roadside Assistance); Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Remote Diagnostics Market to Reach $47.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Remote Diagnostics estimated at US$18.6 Billion in the year 2020, is projected to reach a revised size of US$47.1 Billion by 2026, growing at a CAGR of 16.6% over the analysis period. Automatic Crash Notification, one of the segments analyzed in the report, is projected to record a 18.5% CAGR and reach US$25.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vehicle Tracking segment is readjusted to a revised 14.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.6 Billion in 2021, While China is Forecast to Reach $8.2 Billion by 2026
The Remote Diagnostics market in the U.S. is estimated at US$6.6 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2026 trailing a CAGR of 15.8% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.8% and 14% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 11.9% CAGR.
Vehicle Health Alert Segment to Reach US$8.4 Billion by the year 2026
In the global Vehicle Health Alert segment, USA, Canada, Japan, China and Europe will drive the 14.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$7.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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