Europe Commercial Vehicle Remote Diagnostics Market Size & Outlook
Europe commercial vehicle remote diagnostics market, 2018-2030 (US$M)
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Europe commercial vehicle remote diagnostics market highlights
- The Europe commercial vehicle remote diagnostics market generated a revenue of USD 1,575.6 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating type in 2023.
- Hardware is the most lucrative type segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 1,575.6 million |
| Market revenue in 2030 | USD 2,444.4 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Hardware |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware |
| Key market players worldwide | Meritor WABCO, Tech Mahindra, Robert Bosch Engineering & Business Solutions, Continental AG, Harman International, Delphi Technologies |
Other key industry trends
- In terms of revenue, Europe region accounted for 29.9% of the global commercial vehicle remote diagnostics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,497.0 million by 2030.
Hardware was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Europe commercial vehicle remote diagnostics market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is one of the most advanced regions globally with advanced technologies and infrastructure, resulting in better healthcare facilities and patient care.
Players seeking entry into the Europe market require extensive knowledge regarding different regulatory procedures and services in various member states of the European Union.
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Commercial Vehicle Remote Diagnostics Market Scope
Commercial Vehicle Remote Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
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