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Electric Vehicle Remote Diagnostics Market to Grow by USD 4.10 Billion (2024-2028), AI-Driven Report Highlights Impact of Falling Battery Prices on EV Demand – Technavio

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NEW YORK, Sept. 27, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Electric Vehicle Remote Diagnostics Market size is estimated to grow by USD 4.10 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  39.04%  during the forecast period. Reducing battery pack prices boosting EV demand is driving market growth, with a trend towards growing popularity of remote diagnostics services in electric buses  However, subscription cost associated with EV remote diagnostics services  poses a challenge – Key market players include AB Volvo, Beijing Automotive Group Co. Ltd., Bayerische Motoren Werke AG, Chongqing Changan Automobile Co. Ltd., Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., KIA CORP., Li Auto Inc., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault SAS, Stellantis NV, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen AG.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Electric Vehicle Remote Diagnostics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 39.04%

Market growth 2024-2028

USD 4104.5 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

29.04

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 64%

Key countries

China, US, Germany, France, and Japan

Key companies profiled

AB Volvo, Beijing Automotive Group Co. Ltd., Bayerische Motoren Werke AG, Chongqing Changan Automobile Co. Ltd., Ford Motor Co., General Motors Co., Honda Motor Co. Ltd., Hyundai Motor Co., KIA CORP., Li Auto Inc., Mahindra and Mahindra Ltd., Mercedes Benz Group AG, Mitsubishi Motors Corp., Renault SAS, Stellantis NV, Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., and Volkswagen AG

Market Driver

Electric buses are experiencing increasing popularity worldwide, particularly in China, due to substantial investments and initiatives to expand their usage and infrastructure. The demand for electric buses is growing among both public and private sectors, and this trend is anticipated to continue. The adoption of electric buses for public transportation is on the rise globally. In response, bus manufacturers and telematics service providers are developing solutions to enhance the efficiency of electric buses. For instance, ViriCiti offers various packages for monitoring electric buses, catering to diverse customer requirements. These packages focus on operational improvement, driver behavior, and maintenance. The maintenance package is particularly noteworthy as it enables maintenance teams and OEMs to identify technical failures remotely, reducing costs and preventing issues. This package includes a remote diagnostic tool that pinpoints the exact location of a faulty battery cell or vehicle component. Similarly, bus manufacturers are developing remote diagnostic solutions to improve maintenance options, contributing to the expansion of the global electric vehicle remote diagnostics market. 

The Electric Vehicle (EV) Remote Diagnostics market is experiencing significant growth due to the increasing popularity of automotive remote diagnostics in both passenger and commercial vehicles. This trend is driven by the use of wireless networks like 3G, 4G, Wi-Fi, and Bluetooth for real-time communication between diagnostic equipment and automobile systems. Computer software enables vehicle performance analysis, identifying failures in real-time, and providing vehicle health alerts. Fleet operators and commercial vehicle suppliers benefit from data collection, service downtime reduction, and component defect identification. The Internet of Things (IoT) and telematics play a crucial role in creating connected car ecosystems, enhancing the driving experience for luxury and sports vehicles. Safety and security are prioritized with automatic crash notification, vehicle location tracking, and roadside assistance. Advanced sensors and communication technologies enable predictive maintenance and AI-driven predictive analytics for battery health monitoring and other maintenance needs. As 5G technology emerges, it will further enhance the capabilities of remote diagnostics. Human-Machine Interface and IoT technologies ensure seamless interaction between vehicle owners and their vehicles. However, cybersecurity risks necessitate robust security measures to protect sensitive vehicle data. Automakers must address these challenges to provide reliable and secure remote diagnostic solutions for their customers. 

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Market Challenges

The electric vehicle (EV) remote diagnostics market is experiencing significant growth due to the increasing popularity of EV telematics applications and services. Remote diagnostic services are often included in bundled offerings of connected car services, utilizing the same telematics control units and hardware components. OEMs can earn revenues through subscriptions by bundling remote diagnostics with other connected car offerings. However, customer reluctance to pay for these services, particularly in price-sensitive markets, poses a challenge. To increase uptake, some EV variants offer remote diagnostics as optional services with customized pricing strategies. Vendors must optimally price their subscription packages to attract a wider customer base, but this may add to the overall cost of connected car offerings. For example, OnStar offers its OnStar safety and security plan with remote access for USD34.99 per month, while the base plan without remote diagnostics is priced at USD24.99. Price-sensitive customers may opt for the base package, potentially hindering the growth of the electric vehicle remote diagnostics market.The Electric Vehicle (EV) Remote Diagnostics market is experiencing significant growth due to the increasing adoption of EVs and the integration of Internet of Things (IoT) and telematics in the automotive industry. However, challenges persist in this market. Data collection from advanced sensors and communication technologies in EVs can be complex, leading to service downtime and component defects. Connected car ecosystems, including luxury and sports vehicles, require real-time vehicle health alerts and predictive analytics for maintenance. Fleet operators and commercial vehicle suppliers benefit from EV remote diagnostics, but cybersecurity risks and human-machine interface design are bottlenecks. Automakers must address these challenges using AI, predictive analytics, and 5G technology to improve the driving experience, ensure safety and security, and provide vehicle tracking and battery health monitoring for vehicle owners. Bluetooth and vehicle electrification are also key considerations in this market.

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Segment Overview 

This electric vehicle remote diagnostics market report extensively covers market segmentation by  

Application 1.1 Passenger cars1.2 Commercial vehiclesType 2.1 Equipment2.2 SoftwareGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Passenger cars-  The Electric Vehicle (EV) Remote Diagnostics Market is experiencing significant growth due to increasing demand for efficient and cost-effective maintenance solutions. This market allows automakers and fleet operators to monitor EV health in real-time, identify potential issues, and perform diagnostic checks remotely. This not only reduces downtime but also enhances customer satisfaction and safety. Key players in this market include Bosch, Continental AG, and Delphi Technologies, who are investing heavily in developing advanced remote diagnostic systems for EVs.

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Research Analysis

Electric Vehicle (EV) remote diagnostics refer to the use of wireless networks and diagnostic equipment to monitor and analyze vehicle performance in real-time. This technology enables automakers to identify and address failures and maintenance needs proactively, reducing downtime and enhancing the overall EV ownership experience. The automotive industry is rapidly embracing this technology as part of the vehicle electrification and connected-car ecosystem. EV remote diagnostics cover various automobile systems, including battery health monitoring, human-machine interface, and cybersecurity risks. However, challenges such as technology bottlenecks and cybersecurity risks must be addressed to ensure a seamless and secure diagnostic experience. Real-time monitoring and analysis of vehicle data can lead to more efficient service time and improved vehicle performance.

Market Research Overview

Electric Vehicle Remote Diagnostics: Revolutionizing Automotive Maintenance with Wireless Networks and Computer Software Electric Vehicle (EV) Remote Diagnostics is a game-changer in the automotive industry, enabling real-time monitoring and analysis of vehicle performance through wireless networks and computer software. This innovative technology allows for automatic crash notification, vehicle location tracking, roadside assistance, data collection, and vehicle health alerts. Passenger vehicles and commercial vehicles alike benefit from this advanced system, with luxury and sports vehicles also adopting the technology for enhanced safety and security. Real-time data collection and predictive analytics enable early identification of component defects and service downtime, reducing overall maintenance costs and improving the driving experience. Connected car ecosystems, including IoT technologies and telematics, play a crucial role in EV Remote Diagnostics. Communication technologies such as 3G, 4G, Wi-Fi, Bluetooth, and 5G, as well as advanced sensors, facilitate seamless data transfer and analysis. Fleet operators and commercial vehicle suppliers are major adopters of this technology, ensuring optimal fleet performance and reducing downtime. However, cybersecurity risks associated with IoT technologies and connected cars are a significant concern, necessitating robust security measures. Battery health monitoring is a critical application of EV Remote Diagnostics, ensuring the longevity and efficiency of electric vehicle batteries. Human-Machine Interface (HMI) and AI technologies further enhance the user experience, providing vehicle owners with valuable insights and alerts. Despite its numerous benefits, challenges such as technology bottlenecks, cybersecurity risks, and vehicle electrification remain key considerations for automakers and industry stakeholders. The future of EV Remote Diagnostics lies in the integration of advanced technologies and a focus on enhancing the driving experience while ensuring safety and security.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationPassenger CarsCommercial VehiclesTypeEquipmentSoftwareGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Cassia Networks and Augury Announce Partnership to Transform Industrial IoT

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SAN JOSE, Calif., Dec. 30, 2024 /PRNewswire/ — Today, Cassia Networks, Inc., a leading provider of enterprise Bluetooth IoT products and solutions, announces strategic partnership with Augury, a global leader and pioneer in Machine Health and Process Health solutions.

Cassia Networks, a leader in enterprise Bluetooth IoT solutions, and Augury, a pioneer in AI-driven machine health solutions, have today announced a strategic partnership set to transform the industrial Internet of Things (IIoT) landscape.

This collaboration brings together Cassia’s expertise in long-range Bluetooth connectivity and Augury’s advanced AI-powered predictive maintenance technology, creating a powerful synergy that promises to elevate industrial condition monitoring and predictive maintenance to new heights.

Enhanced Connectivity: This partnership marries Cassia’s industrial-grade X-2000 Bluetooth gateway and IoT Access Controller software platform with Augury’s Machine Health monitoring sensors and AI-driven software solutions. The result is seamless long-range connectivity and simultaneous monitoring of multiple devices in challenging industrial environments.

Improved Reliability and Scalability: The combined solution tackles the issue of scaling traditional wired connections, proposing a more reliable and cost-effective alternative using Bluetooth IoT for extensive industrial monitoring. This strategy assists end customers in eliminating production downtime, enhancing process efficiency, maximizing yield, and reducing waste and emissions.

Proven Track Records: Over the years, Cassia has consistently aided numerous industrial customers in enhancing the reliability, scalability, and security of their predictive and preventive maintenance processes through its leading Bluetooth IoT products and solutions. This has resulted in significant cost savings and improved operational performance. Augury, a globally recognized leader and pioneer in Machine Health and Process Health solutions, has enabled hundreds of customers in eliminating production downtime, improving process efficiency, maximizing yield, and reducing waste and emissions. Augury’s global customers often achieve 3-10x ROI, typically within just a few months.

“We are incredibly excited to welcome Augury as a strategic partner for Cassia Networks,” said Felix Zhao, CEO of Cassia Networks. “The Cassia Networks-Augury partnership is poised to redefine industrial condition monitoring, offering a comprehensive solution that addresses the evolving needs of modern manufacturing and industrial operations.”

“We are excited to collaborate with Cassia Networks to expand the impact and reach of our purpose-built Machine Health solutions,” said Saar Yoskovitz, co-founder and CEO of Augury. “By integrating Cassia’s innovative X-2000 Bluetooth gateway with Augury’s Machine Health, we infuse high quality, AI-driven insights at every layer of the predictive maintenance stack, ensuring IoT is capable of handling every challenge production throws its way. We look forward to the future of this partnership as Cassia Networks and Augury continue to push the boundaries for IIoT innovation.”

To learn more about Cassia Networks, visit: www.cassianetworks.com.

To learn more about Augury, visit: www.augury.com.

About Cassia Networks

Cassia Networks is the leading provider of enterprise Bluetooth IoT products and solutions. Their patented technology provides the most reliable and easy to manage long-range, multiple device connectivity, edge processing and locationing for Bluetooth IoT networks. Their mission is to solve the IoT connectivity, locationing and management challenges faced by today’s enterprises and make IoT easy.

About Augury:

A leader in Machine Health and Process Health solutions, Augury uses purpose-built AI technology, trained by industry experts and the world’s largest data library, to help manufacturing and industrial companies eliminate production downtime, improve process efficiency, maximize yield, and reduce waste and emissions. Our global customers achieve 3-10x ROI, often in a matter of months. Together with our customers, we are pioneering Production Health to build a world where the combined work of people and machines makes life better in every way.

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SOURCE Cassia Networks

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NetElixir Predicts 10 Transformative Digital Marketing Trends Set to Redefine eCommerce in 2025

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PRINCETON, N.J., Dec. 30, 2024 /PRNewswire/ — As the eCommerce landscape accelerates toward 2025, NetElixir, a leading eCommerce marketing agency, unveils 10 key trends that are poised to transform digital marketing strategies and redefine the future of online retail. These insights, spearheaded by CEO Udayan Bose, identify groundbreaking opportunities for businesses to achieve sustainable growth and innovation.

The Rise of Social Commerce
Social platforms currently contribute 7% of website commerce, a figure expected to surpass 10% in 2025 as platforms like Instagram and TikTok enhance shopping integrations. This shift underscores the growing role of social media in influencing purchasing decisions.

Voice-Activated Conversational Search
Voice search and AI-powered chatbots are set to replace traditional search bars, making interactions with online stores more intuitive. By 2025, 50% of all online searches are projected to be voice-activated, highlighting the need for businesses to optimize for conversational commerce.

Innovations in Unified and Hyper-Personalized Shopper Experiences
The convergence of AI/ML advancements, real-time data utilization, demand for customized experiences, and the rise of connected devices will drive groundbreaking innovations in personalization. Shoppers can expect engaging, efficient, and highly tailored experiences that align with individual preferences.

AI Shopping Agent-Led Marketing
AI shopping agents are set to revolutionize customer engagement, offering hyper-personalized recommendations that drive loyalty and conversion. This innovation will redefine how businesses connect with their audiences.

AI-Powered Marketing Experimentation
AI is enabling unparalleled advancements in content creation, campaign optimization, and budget allocation. Tools like NetElixir’s LXRInsights empower marketers to seamlessly integrate human expertise with AI-driven experimentation, resulting in smarter strategies and improved ROI.

Introduction of AI Agents in E-Commerce and Marketing
AI agents will increasingly manage complex tasks, reducing human dependency while boosting efficiency. By automating routine processes, businesses can focus on strategic growth.

More Conscious Commerce
Sustainability will take center stage as 70% of consumers globally prefer brands that align with their values. Conscious consumerism will become a key differentiator in building trust and loyalty.

AR/VR Integration
Immersive technologies like augmented and virtual reality are reshaping online shopping. By 2025, the AR market is projected to reach $50 billion, offering consumers interactive and memorable shopping experiences that enhance personalization.

Emergence of Luxury and Discount Marketplaces
Marketplaces are evolving into distinct segments to meet diverse consumer needs. Luxury platforms emphasize exclusivity, while discount-focused marketplaces thrive on affordability, reflecting shifting priorities.

Explosion of Creativity Driven by AI
AI-powered tools are unlocking new frontiers in creative storytelling and content creation. Businesses leveraging these tools will elevate their marketing strategies and brand presence, setting new standards for innovation.

“The eCommerce landscape is at a tipping point,” said Udayan Bose, CEO of NetElixir. “These trends highlight the transformative potential of AI, sustainability, and personalization. Businesses that adapt quickly will position themselves as leaders in this exciting new era.”

To learn more about how NetElixir is helping eCommerce businesses stay ahead of these trends, visit www.netelixir.com/consulting.

About NetElixir
NetElixir is a leading eCommerce marketing agency that empowers retailers to drive profitable growth through innovative strategies and cutting-edge technology. With over 20 years of experience and partnerships with more than 800 brands, NetElixir is at the forefront of shaping the future of eCommerce.

CONTACT: michelle.tomasian@netelixir.com

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SOURCE NetElixir

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LinkUnite Wraps Up a Monumental 2024: Bigger Plans Ahead for 2025

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Empowering Women, Strengthening Partnerships, and Building a Brighter Future

NASHVILLE, Tenn., Dec. 30, 2024 /PRNewswire/ — As 2024 comes to a close, LinkUnite is proud to reflect on another year of growth and unwavering support for its members and partners. From dynamic mentorship programs to exclusive events and meaningful collaborations, LinkUnite continues to be a driving force in championing women in business.

We’re already buzzing about 2025! We’re rolling out an enhanced membership package packed with even more value and opportunities. And get ready for LinkUnite V – it’s shaping up to be our most epic event yet. We’ll spill the details on the location and dates soon, and trust us, it’s going to be unforgettable.

“2024 was a testament to the power of connection, collaboration, and community,” said Amanda Farris, CEO of LinkUnite. “We’ve seen women rise to new heights, and collaborate on new opportunities, supported by a network that believes in their potential. In 2025, we’re taking it even further – bigger events, stronger partnerships, and more opportunities for our members to thrive and grow their network.”

“We are especially grateful for the incredible partnership we’ve built with IntegriShield this year,” said Sara Malo, President of LinkUnite. “Their support, and the dedication of Gayla Huber and Ashleigh Arnaud, has played a vital role in our success. It’s partnerships like these that remind us of the strength and potential of our growing network. We are excited to continue building on these connections as we head into 2025.”

A special moment in LinkUnite’s journey will take place at Lead Generation World on Monday, January 6, 2025, when Gayla Huber will officially pass the torch as the First Lady of LinkUnite. This transition celebrates Gayla’s monumental impact and her role as a driving force in our mission. We’ll also welcome the next First Lady of LinkUnite, kicking off a new chapter that’s all about strength, legacy, and forward momentum. Learn more about the First Lady of LinkUnite.

Interested in joining our network of women leaders and innovators? Membership for 2025 is now open. Apply here and find out more.

Our success this year couldn’t have happened without our corporate members and partners. Their support has been a game changer, opening new doors and helping our community thrive. Dive into more about our corporate partners and see how you can connect: Learn more here.

“As 2025 nears, we’re more committed than ever to our work and mission. With new perks, bigger events, and stronger partnerships, we’re all set to take things to the next level. Stay tuned!”

About IntegriShield
Designed to protect companies’ reputations and brand recognition, IntegriShield monitors, tracks and enforces all applicable regulations to assure that our clients engage in consistent and compliant marketing activities. Located in Kansas City, IntegriShield launched in 2012 to provide cutting-edge compliance and remediation services to a diverse array of businesses. Since then, the IntegriShield team has been evolving and honing our technology to simplify workflow, streamline remediation, and track brand compliance across the web, through email monitor servicing, and audio monitoring. For more information about IntegriShield please visit their website here.

About LinkUnite
LinkUnite is an organization dedicated to empowering women in the business world through mentorship, networking, and professional development opportunities. With a focus on creating meaningful connections and fostering career growth, LinkUnite is committed to providing resources and support to help women thrive in their personal and professional lives. For more information about the LinkUnite mentorship program or to learn how to get involved, please visit our website here.

Stay connected and follow LinkUnite events here. Subscribe to our YouTube and follow us on LinkedIn to stay up to date!

For media inquiries or more information on LinkUnite’s 2025 membership and upcoming events, please contact:

Amanda Farris
Founder & CEO – LinkUnite
Email: Amanda@linkinite.live
Website: www.linkunite.live

Sara Malo
President & COO – LinkUnite
Email: Sara@linkinite.live
Website: www.linkunite.live

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SOURCE LinkUnite, LLC

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