COVID-19 Impact & Recovery Analysis- Electric Vehicle Remote Diagnostics Market (2019-2023) | Demand for EV Due to Declining Battery Prices to Boost Growth | Technavio
LONDON--(BUSINESS WIRE)--Jul 20, 2020--
Technavio has been monitoring the electric vehicle remote diagnostics market and it is poised to grow by USD 1.49 billion during 2019-2023, progressing at a CAGR of over 47% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Electric Vehicle Remote Diagnostics Market 2019-2023 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19.Please Request Latest Free Sample Report of 2020-2024 on COVID-19 Impact
The market is fairly concentrated, and the degree of concentration will accelerate during the forecast period.
Frequently Asked Questions-
1. At what rate is the market projected to grow during the forecast period 2019-2023?
A. The market is expected to growing at a CAGR of over 47% during the forecast period.
2. Based on segmentation by application, which is the leading segment in the market?
A. The passenger car segment is expected to be the leading segment.
3. What is the key factor driving the market?
A. The increase in demand for EVs due to declining battery prices is one of the key factors driving the market growth.
4. Who are the top players in the market?
A. Bosch, Continental, Vector Informatik, Verizon, Vidiwave, and WABCO are some of the major market participants.
5. Which region is expected to hold the highest market share?
6. What is the major trend for the electric vehicle remote diagnostics market?
A. The adoption of 5G technology is a major trend in the market.
The increase in demand for EVs due to declining battery prices will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Electric Vehicle Remote Diagnostics Market 2019-2023: Segmentation
Electric Vehicle Remote Diagnostics Market is segmented as below:
- Passenger Cars
- Commercial Vehicles
- Geographic Landscape
- The Americas
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Electric Vehicle Remote Diagnostics Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. 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
This study identifies the increasing use of 5G technology in automobiles as one of the prime reasons driving the electric vehicle remote diagnostics market growth during the next few years.
Electric Vehicle Remote Diagnostics Market 2019-2023: Vendor Analysis
We provide a detailed analysis of vendors operating in the electric vehicle remote diagnostics market, including some of the vendors such as Bosch, Continental, Vector Informatik, Verizon, Vidiwave, and WABCO. Backed with competitive intelligence and benchmarking, our research reports on the electric vehicle remote diagnostics market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Electric Vehicle Remote Diagnostics Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- 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
Table Of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
·2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
·Market segmentation analysis
PART 04: MARKET SIZING
·Market sizing 2018
·Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
·Bargaining power of buyers
·Bargaining power of suppliers
·Threat of new entrants
·Threat of substitutes
·Threat of rivalry
PART 06: MARKET SEGMENTATION BY APPLICATION
·Market segmentation by application
·Comparison by application
·Passenger cars - Market size and forecast 2018-2023
·Commercial vehicles - Market size and forecast 2018-2023
·Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
·APAC - Market size and forecast 2018-2023
·EMEA - Market size and forecast 2018-2023
·Americas - Market size and forecast 2018-2023
·Key leading countries
PART 09: DRIVERS AND CHALLENGES
PART 10: TRENDS
PART 11: VENDOR LANDSCAPE
PART 12: VENDOR ANALYSIS
·Market positioning of vendors
PART 13: APPENDIX
·List of abbreviations
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.
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PUB: 07/20/2020 11:00 PM/DISC: 07/20/2020 11:00 PM