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The global automotive remote diagnostics market reached a value of US$ 58.3 Billion in 2020.
According to the estimates by IMARC Group, the global automotive remote diagnostics market to exhibit moderate growth during 2021-2026.
The rising demand for luxury and sports vehicles, along with extensive R&D activities for improving safety and security of the passengers, represent some of the key drivers for the global automotive remote diagnostics market.
The emergence of automated vehicles integrated with several advanced technologies, such as IoT and telematics, represents one of the key trends in the global automotive remote diagnostics market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous automotive facilities, thereby hampering the market for automotive remote diagnostics.
On the basis of the product type, the market has been bifurcated into diagnostic equipment and software. Among these, diagnostic equipment holds the largest market share.
On the basis of the connectivity, the market has been classified into 3G, 4G LTE, Wi-Fi, and Bluetooth. At present, Bluetooth exhibits a clear dominance in the market.
On the basis of the vehicle type, the market has been classified into passenger cars and commercial vehicles. Currently, passenger cars account for the majority of the total market share.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
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