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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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Wrap Up the Holidays with Bedsure Exceptional Discounts

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NEW YORK, Dec. 21, 2024 /PRNewswire/ — The holiday season has arrived, and Bedsure is bringing warmth and coziness to gift-giving with exceptional discounts on a selection of premium products. From luxurious throw blankets to versatile wearable blankets and complete bed-in-a-bag sets, Bedsure offers ideal holiday gifts for everyone. With special discounts, this is the perfect opportunity to bring comfort and joy to loved ones.

Top Picks for This Holiday Season

1. Arch Shaggy Sherpa Fleece Blanket – 28% Off
This ultra-soft throw, now just $12.99 (original price $17.99), combines warmth with elegance. Featuring a stylish jacquard pattern, it adds charm to any space and serves as a versatile gift or companion for chilly evenings. Lightweight yet cozy, this blanket is designed to provide comfort and durability.

2. Sherpa Fleece Wearable Blanket – 20% Off
The ultimate gift of comfort, this wearable blanket features a plush flannel exterior and Sherpa lining for luxurious warmth. Thoughtful details such as ribbed cuffs and spacious pockets make it a practical choice for lounging or staying cozy during the holidays. Now available for $23.99 (original price $29.99), this winter essential offers unmatched value.

3. Vegan Fur Blanket – 43% Off
A touch of luxury is easy to achieve with the Bedsure Vegan Fur Blanket, priced at $33.99 (original price $59.99). This ultra-fine faux fur throw provides elegance and comfort, mimicking the softness and texture of real fur in a cruelty-free design. It’s perfect for cozying up or making a stylish statement.

4. Marilyn Monroe™ Sherpa Blanket – 67% Off
Hollywood glamour meets comfort with the Marilyn Monroe™ Sherpa Blanket. Inspired by pop art, this lightweight and cozy throw features a vibrant design that pays tribute to an icon. At just $9.99 (original price $29.99), it’s a stylish yet affordable holiday gift.

5. Pintuck Bed-in-a-Bag – 7-Piece – 64% Off
The all-in-one 7-piece bedding set, available for $26.79 (original price $74.99), transforms any bedroom with its elegant pinch pleat design and cloud-like microfiber comforter. Combining sophistication with practicality, it’s a thoughtful gift or the perfect holiday home upgrade.

Why Choose Bedsure This Holiday Season?

Unbeatable Discounts: Save up to 67% on top products that blend comfort and style.Perfect for Every Occasion: Whether it’s a Christmas gift, a New Year surprise, or an upgrade for the home, Bedsure’s collection offers a variety of options.High-Quality Comfort: Each product is crafted with premium materials to ensure warmth, softness, and long-lasting durability.

This holiday season, Bedsure provides the perfect opportunity to share comfort and joy. Exclusive deals are available for a limited time, making it the ideal moment to explore the collection and make the season unforgettable.

About Bedsure:

Founded in 2016, Bedsure is a leading home textile brand with products sold to over 15 million customers worldwide. Currently, Bedsure has over 50 bestselling home products in 8 countries and has maintained a compound growth rate of 100% for five consecutive years. While Bedsure has grown into a global company with diverse products to meet different customer needs, its focus on comfortable home products and everyday value stays the same. For more information, visit Bedsure’s official website https://bedsurehome.com/, or Amazon shop https://www.amazon.com/bedsure. Stay in touch with Bedsure on social media @bedsurehome.

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Juliettdate Launches Drafts Feature to Ensure More Seamless Communication for Users

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Juliettdate, an online dating platform, has introduced a new feature called Drafts to improve communication on its dating platform.

TALLINN, Estonia, Dec. 21, 2024 /PRNewswire-PRWeb/ — Picture this: you’ve found an interesting match on a dating website, your conversation flows, and messages fly back and forth as you dive into an engaging discussion. Then, a technical glitch happens — your browser crashes, or you accidentally close the chat. Suddenly, the message you were crafting is gone, and you can’t quite remember what you wanted to say.

To make sure moments like this don’t disrupt your conversations, Juliettdate has introduced the Drafts feature. This handy addition allows users to save unsent or incomplete messages for up to 30 days. You can revisit, edit, and send your drafts at any time during this period.

How Draft Feature on Juliettdate Works

Messages are automatically saved as drafts every few seconds, requiring no action from the user. No matter if you’re composing a thoughtful reply or managing multiple conversations on the go, your progress remains securely saved.Drafts are synced across the platform’s web and mobile versions, allowing users to pick up right where they left off, whether on their phone or desktop.After 30 days, messages that haven’t been acted upon will be automatically removed.

The idea for the Drafts feature came straight from user feedback. Many shared how frustrating it was to lose messages mid-conversation, especially when the dialogue was meaningful. With this feature, Juliettdate users can stay connected and maintain the rhythm of their chats without worrying about interruptions or lost words.

The Drafts feature is just one of many ways Juliettdate works to improve the platform. In 2024, the company conducted over 120 product tests to improve the functionality and usability of its dating platform.

Along with working on user functionality, Juliettdate is constantly enhancing the security of its site by leveraging different measures. For instance, the platform has incorporated a patented AI anti-fraud solution that swiftly detects fraudulent activities, ensuring a safer environment for users. Additionally, Juliettdate employs robust moderation systems to identify and remove fraudulent accounts and unwanted content, further protecting its community.

About Juliettdate

Juliettdate is an online dating platform that connects those interested in meaningful relationships. It provides a space for users to chat and build connections with people from different countries.

Media Contact

Olive Parra, Juliettdate, 1 888 234-6786, smm@juliettdate.com, https://juliettdate.com/

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SCANable Strengthens Existing West Coast Presence with Additional Cutting-Edge Mobile 3D and 4D Scanning Services

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SCANable has expanded its West Coast operations based in Burbank, California, offering fully mobile 3D and 4D scanning studios equipped to meet the fast-paced demands of modern productions. With industry-experienced professionals and the latest scanning technology, SCANable ensures availability and efficiency by delivering high-quality digital and virtual assets directly on location, even in challenging conditions.

BURBANK, Calif., Dec. 21, 2024 /PRNewswire-PRWeb/ — SCANable, the leading US-based 3D and 4D scanning studio, proudly announces the expansion of its West Coast operations based in Burbank, California — the heart of the largest film and television studios on the West Coast. This expansion supports the rapid number of productions returning to California. This strategic location underscores SCANable’s commitment to delivering exceptional scanning services to the film, television, and video game industries.

Our number one talent is availability. We are ready anywhere, anytime, with the latest scanning technology and expertise. Our in-house team of industry professionals excels at last-minute requirements and challenging conditions.

As the film industry continues to evolve, the importance of supporting US-based crews and businesses has never been greater. Keeping work in the country ensures that local talent and productions thrive, preserving the quality and integrity of visual storytelling. SCANable contributes to this mission by ensuring that all scan processing is performed in-state, allowing productions to apply 100% of their scanning budget toward their state tax credits and keeping valuable work within the country.

SCANable’s highly experienced team, with a combined 100 years in 3D and 4D scanning, has contributed to hundreds of feature films, premium episodic series, video games, music videos, and commercials. SCANable empowers visual storytelling by capturing and creating hyper-realistic digital assets, allowing visual effects studios and creative teams to tell more believable stories and achieve seamless and immersive experiences.

Mobile Photogrammetry Studios: Unmatched Agility and Speed:

SCANable’s ultra-portable, self-contained Mobile Photogrammetry Studios (MoPho Studios) set the industry standard for efficiency and adaptability. These mobile studios can be deployed to challenging locations and be fully operational within 30 minutes, minimizing the impact on each production’s already hectic planning and coordination efforts, even in the most demanding environments.

In a time when talent’s time is more precious than ever, the days of sending an actor to a dedicated facility are nearly impossible. SCANable’s mobile studios can literally park within steps of the actors, ready to capture full-body scans in a fraction of a second and complete Facial Action Coding System (FACS) sessions in under 30 minutes. Each studio is also equipped with One-Light-At-a-Time (OLAT) and volumetric multi-camera capture array capabilities, ensuring that productions receive the highest quality scans and reference footage with unparalleled efficiency.

Industry-Leading Services and Expertise:

SCANable’s extensive suite of scanning services continues to be available across the West Coast and nationwide. As an approved vendor for all major film studios—including Disney, Marvel, Netflix, Amazon, Universal, Sony, Twentieth Century Fox, and Paramount—SCANable is trusted to deliver unparalleled quality and precision.

Nationwide, SCANable Offers:

Character Scanning4D Volumetric CapturePhotometric ScanningAerial LiDAR/PhotogrammetryTerrestrial LiDAR ScanningLarge Environment CaptureProp ScanningWardrobe-Fitting ScanningCostume ScanningAccurate Lifesize Mannequin 3D PrintsMachine Learning Multi-Camera CaptureGaussian Splat/NeRF Capture and Processing

Expanding Boundaries in Aerial and Environmental Scanning:

SCANable’s aerial scanning team has captured thousands of acres across the United States, including controlled and highly restricted locations that many drone operators cannot access. This experience allows SCANable to provide ultra-high-resolution 3D models and Gaussian Splats for use in traditional visual effects pipelines, as well as Virtual Production and LED Volume Stages, pushing the boundaries of what’s possible in immersive environments.

Quality, Experience, and US-Based Craftsmanship:

Focusing on quality and committing to US-based talent and processing, SCANable helps productions maximize their budgets and benefit from valuable tax credits. This dedication ensures that the industry’s most demanding projects receive the precision and reliability they deserve. From iconic Hollywood productions to state-of-the-art video game development, SCANable’s expertise supports the creation of seamless, invisible visual effects that elevate storytelling.

“Our number one talent is availability. We pride ourselves on being ready anywhere, anytime, with the latest scanning technology on hand. Our amazing team of industry professionals excel at handling last-minute requirements and challenging conditions—whether it’s tight schedules, less-than-ideal lighting, or complex subjects. We’re great at what we do, but it’s all about showing up and delivering when productions need us most,” said Travis Reinke, Founder and CEO of SCANable.

About SCANable:

SCANable, founded in 2012, is a US-based company specializing in 3D and 4D scanning services for film, television, video games, and virtual production. With locations in California, Georgia, New York, and Texas, SCANable delivers unmatched expertise and quality, bringing productions to life through cutting-edge scanning technologies.

For more information, visit www.scanable.com or contact pr@scanable.com. Check out SCANable’s latest promotional video here.

Media Contact

Ty Taylor, SCANable, 1 (877) 899-2931, pr@scanable.com, www.scanable.com

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