NEW YORK, March 16, 2023 /PRNewswire/ — According to Technavio, the global electric vehicle remote diagnostics market size is estimated to grow by USD 1,905.56 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 28.11% during the forecast period. The decline in prices of battery packs is the notable driver for the growth of the market during the forecast period. This will prompt the manufacturers in China to develop Li-ion batteries for electric vehicles (EV) at a competitive price compared to lead-acid batteries. The electric vehicle remote diagnostics market was valued at USD 358.27 million in 2017.
Technavio has announced its latest market research report titled Global Electric Vehicle Remote Diagnostics Market 2023-2027
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Electric Vehicle Remote Diagnostics Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on application (passenger cars and commercial vehicles), type (equipment and software), and geography (APAC, Europe, North America, South America, and Middle East and Africa).
The market share growth of the passenger cars segment will be significant during the forecast period. Telematics services are in high demand in the electric vehicle segment. Rising customer demands for uninterrupted travel and simultaneous connectivity are driving demand for remote diagnostics and telematics in vehicles.
Geography Overview
By geography, the global electric vehicle remote diagnostics market is segmented into APAC, Europe, North America, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global electric vehicle remote diagnostics market.
APAC is estimated to contribute 60% of the global market growth during the forecast period. Technavio’s analysts detail the regional trends and factors that will shape the market during the forecast period. Countries like China and Japan enhance their contribution to APAC in the electric vehicle (EV) remote diagnostics market. Increasing contributions from countries such as India and Indonesia during the forecast period should further benefit the market.
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Electric Vehicle Remote Diagnostics Market – Vendor Analysis
The electric vehicle remote diagnostics market is fragmented with the presence of several vendors. BAIC Motor Corp. Ltd., Bayerische Motoren Werke AG, Chongqing Changan Automobile Co. Ltd., Ford Motor Co., General Motors Co, Hyundai Motor Co., Kia Motors Corp., Li Auto Inc., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault SA, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, Volvo Car Corp., XPeng Inc., Honda Motor Co. Ltd., and Stellantis NV are some of the major vendors in the market.
Electric Vehicle Remote Diagnostics Market – Market Dynamics
Leading trends influencing the market
The increasing popularity of remote diagnostic services on electric buses is a major market trend expected to fuel the market during the forecast period. Inspired by this, bus manufacturers and telematics service providers are developing solutions to make electric buses more efficient. For instance, ViriCiti offers multiple packages to monitor electric buses designed to suit the needs of a wide range of customers. Hence, factors like these further support the electric vehicle remote diagnostics market growth during the forecast period.
Major challenges hindering the market growth
A major challenge to market growth is the subscription cost associated with electric vehicle remote diagnostic services. The electric vehicle remote diagnostics market relies on low cost because these applications use the same telematics controllers and hardware components as other connected car products. Therefore, bundling remote diagnostics with other connected car products is particularly important for OEMs. Vendors offer remote vehicle diagnostics as an optional product to allow buyers to choose the connected applications they use most. For example, OnStar offers its OnStar security plan with remote access for USD 34.99 per month, while the basic plan without remote access costs USD 24.99 per month.
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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
Detailed information on factors that will drive the growth of the electric vehicle remote diagnostics market between 2023 and 2027
Precise estimation of the size of the electric vehicle remote diagnostics market size and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the electric vehicle remote diagnostics market across APAC, Europe, North America, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of electric vehicle remote diagnostics market vendors
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Electric Vehicle Remote Diagnostics Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 28.11% |
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Market growth 2023-2027 |
USD 1,905.56 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
25.78 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 60% |
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Key countries |
US, China, Japan, Germany, and France, Canada, Mexico, Italy,Spain, India, Japan, Australia, and South Korea |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
BAIC Motor Corp. Ltd., Bayerische Motoren Werke AG, Chongqing Changan Automobile Co. Ltd., Ford Motor Co., General Motors Co, Hyundai Motor Co., Kia Motors Corp., Li Auto Inc., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault SA, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, Volvo Car Corp., XPeng Inc., Honda Motor Co. Ltd., and Stellantis NV |
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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 |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio Consumer Discretionary market reports
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 Market Segmentation by Type
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global electric vehicle remote diagnostics market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global electric vehicle remote diagnostics market 2017 – 2021 ($ million)
4.2 Application Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Application Segment 2017 – 2021 ($ million)
4.3 Type Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Application
6.1 Market segments
Exhibit 30: Chart on Application – Market share 2022-2027 (%)
Exhibit 31: Data Table on Application – Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Passenger cars – Market size and forecast 2022-2027
Exhibit 34: Chart on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Passenger cars – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Passenger cars – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Passenger cars – Year-over-year growth 2022-2027 (%)
6.4 Commercial vehicles – Market size and forecast 2022-2027
Exhibit 38: Chart on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Commercial vehicles – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Commercial vehicles – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial vehicles – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)
7 Market Segmentation by Type
7.1 Market segments
Exhibit 43: Chart on Type – Market share 2022-2027 (%)
Exhibit 44: Data Table on Type – Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 45: Chart on Comparison by Type
Exhibit 46: Data Table on Comparison by Type
7.3 Equipment – Market size and forecast 2022-2027
Exhibit 47: Chart on Equipment – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Equipment – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Equipment – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Equipment – Year-over-year growth 2022-2027 (%)
7.4 Software – Market size and forecast 2022-2027
Exhibit 51: Chart on Software – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Software – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Software – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Software – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 55: Market opportunity by Type ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 APAC – Market size and forecast 2022-2027
Exhibit 61: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 North America – Market size and forecast 2022-2027
Exhibit 69: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.6 South America – Market size and forecast 2022-2027
Exhibit 73: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.8 China – Market size and forecast 2022-2027
Exhibit 81: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on China – Year-over-year growth 2022-2027 (%)
9.9 Germany – Market size and forecast 2022-2027
Exhibit 85: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.10 US – Market size and forecast 2022-2027
Exhibit 89: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US – Year-over-year growth 2022-2027 (%)
9.11 France – Market size and forecast 2022-2027
Exhibit 93: Chart on France – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on France – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on France – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on France – Year-over-year growth 2022-2027 (%)
9.12 Japan – Market size and forecast 2022-2027
Exhibit 97: Chart on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on Japan – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on Japan – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on Japan – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 BAIC Motor Corp. Ltd.
Exhibit 108: BAIC Motor Corp. Ltd. – Overview
Exhibit 109: BAIC Motor Corp. Ltd. – Business segments
Exhibit 110: BAIC Motor Corp. Ltd. – Key offerings
Exhibit 111: BAIC Motor Corp. Ltd. – Segment focus
12.4 Bayerische Motoren Werke AG
Exhibit 112: Bayerische Motoren Werke AG – Overview
Exhibit 113: Bayerische Motoren Werke AG – Business segments
Exhibit 114: Bayerische Motoren Werke AG – Key news
Exhibit 115: Bayerische Motoren Werke AG – Key offerings
Exhibit 116: Bayerische Motoren Werke AG – Segment focus
12.5 Ford Motor Co.
Exhibit 117: Ford Motor Co. – Overview
Exhibit 118: Ford Motor Co. – Business segments
Exhibit 119: Ford Motor Co. – Key news
Exhibit 120: Ford Motor Co. – Key offerings
Exhibit 121: Ford Motor Co. – Segment focus
12.6 General Motors Co
Exhibit 122: General Motors Co – Overview
Exhibit 123: General Motors Co – Business segments
Exhibit 124: General Motors Co – Key news
Exhibit 125: General Motors Co – Key offerings
Exhibit 126: General Motors Co – Segment focus
12.7 Honda Motor Co. Ltd.
Exhibit 127: Honda Motor Co. Ltd. – Overview
Exhibit 128: Honda Motor Co. Ltd. – Business segments
Exhibit 129: Honda Motor Co. Ltd. – Key news
Exhibit 130: Honda Motor Co. Ltd. – Key offerings
Exhibit 131: Honda Motor Co. Ltd. – Segment focus
12.8 Hyundai Motor Co.
Exhibit 132: Hyundai Motor Co. – Overview
Exhibit 133: Hyundai Motor Co. – Business segments
Exhibit 134: Hyundai Motor Co. – Key news
Exhibit 135: Hyundai Motor Co. – Key offerings
Exhibit 136: Hyundai Motor Co. – Segment focus
12.9 Mercedes Benz Group AG
Exhibit 137: Mercedes Benz Group AG – Overview
Exhibit 138: Mercedes Benz Group AG – Business segments
Exhibit 139: Mercedes Benz Group AG – Key offerings
Exhibit 140: Mercedes Benz Group AG – Segment focus
12.10 Mitsubishi Motors Corp.
Exhibit 141: Mitsubishi Motors Corp. – Overview
Exhibit 142: Mitsubishi Motors Corp. – Business segments
Exhibit 143: Mitsubishi Motors Corp. – Key offerings
Exhibit 144: Mitsubishi Motors Corp. – Segment focus
12.11 Renault SA
Exhibit 145: Renault SA – Overview
Exhibit 146: Renault SA – Business segments
Exhibit 147: Renault SA – Key offerings
Exhibit 148: Renault SA – Segment focus
12.12 Stellantis NV
Exhibit 149: Stellantis NV – Overview
Exhibit 150: Stellantis NV – Business segments
Exhibit 151: Stellantis NV – Key news
Exhibit 152: Stellantis NV – Key offerings
Exhibit 153: Stellantis NV – Segment focus
12.13 Tata Motors Ltd.
Exhibit 154: Tata Motors Ltd. – Overview
Exhibit 155: Tata Motors Ltd. – Business segments
Exhibit 156: Tata Motors Ltd. – Key news
Exhibit 157: Tata Motors Ltd. – Key offerings
Exhibit 158: Tata Motors Ltd. – Segment focus
12.14 Tesla Inc.
Exhibit 159: Tesla Inc. – Overview
Exhibit 160: Tesla Inc. – Business segments
Exhibit 161: Tesla Inc. – Key news
Exhibit 162: Tesla Inc. – Key offerings
Exhibit 163: Tesla Inc. – Segment focus
12.15 Toyota Motor Corp.
Exhibit 164: Toyota Motor Corp. – Overview
Exhibit 165: Toyota Motor Corp. – Business segments
Exhibit 166: Toyota Motor Corp. – Key news
Exhibit 167: Toyota Motor Corp. – Key offerings
Exhibit 168: Toyota Motor Corp. – Segment focus
12.16 Volkswagen AG
Exhibit 169: Volkswagen AG – Overview
Exhibit 170: Volkswagen AG – Business segments
Exhibit 171: Volkswagen AG – Key offerings
Exhibit 172: Volkswagen AG – Segment focus
12.17 Volvo Car Corp.
Exhibit 173: Volvo Car Corp. – Overview
Exhibit 174: Volvo Car Corp. – Business segments
Exhibit 175: Volvo Car Corp. – Key offerings
Exhibit 176: Volvo Car Corp. – Segment focus
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 177: Inclusions checklist
Exhibit 178: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 179: Currency conversion rates for US$
13.4 Research methodology
Exhibit 180: Research methodology
Exhibit 181: Validation techniques employed for market sizing
Exhibit 182: Information sources
13.5 List of abbreviations
Exhibit 183: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.
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