Growing Fleet Management Market set to Propel the Utilization of Remote Vehicle Diagnostics.
Leading automotive parts providers are supplying remote vehicle diagnostics devices, particularly for fuel efficiency management by measuring efficiency parameters as well as for vehicle monitoring for insurance applications. The growth of usage based insurance, particularly in fleet management, will significantly propel the remote vehicle diagnostics market. The major companies in this segment are Bosch Automotive Technologies, Continental AG, Delphi Automotive, Snap-On Inc. and Softing AG. These companies have launched products with applications ranging from chassis, engine and emission management to fleet and vehicle tracking. These wide ranging applications will continue driving the adoption of remote vehicle diagnostics in one capacity or another.
Remote diagnostic systems are mainly used by fleet management sector to monitor fuel efficiency and unsafe driver behavior. The growth of fleet management services should see sales of remote diagnostic systems increase as this is the major end market for these systems. Remote diagnostics telematics are estimated to have low penetration but the growth is assessed to be strong. The chief driver for this market is stricter emission laws. As the laws become more stringent, the need for quick and accurate finding of the vehicle, whether the vehicle complies with the laws is imperative. As a result, OEM manufacturers have started offering emission regulation features on car diagnostic vehicles. So, the diagnostic systems are projected to exhibit a growth in sales. However the warnings from the Federal Bureau of Investigation (FBI), Department of Transport (DOT) and National Highway Traffic Safety Administration (NHTSA) regarding the possible utilization of aftermarket remote diagnostic devices for hacking and controlling the vehicle remotely will hinder the growth as consumers will be cautious about utilizing aftermarket devices. OEMs will need to address this problem before consumers will be satiated with the security of these devices.
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