North America Commercial Vehicle Remote Diagnostics Market Size & Outlook
North America commercial vehicle remote diagnostics market, 2018-2030 (US$M)
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North America commercial vehicle remote diagnostics market highlights
- The North America commercial vehicle remote diagnostics market generated a revenue of USD 1,885.5 million in 2023.
- The market is expected to grow at a CAGR of 7% 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.
North America data book summary
| Market revenue in 2023 | USD 1,885.5 million |
| Market revenue in 2030 | USD 3,022.0 million |
| Growth rate | 7% (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, North America region accounted for 35.8% 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 North America commercial vehicle remote diagnostics market based on hardware covering the revenue growth of each sub-segment from 2018 to 2030.
North America was one of the major contributors to the growth of medical device outsourcing market in 2023.
This region is home to numerous medical device companies, which are outsourcing parts of their regulatory and consulting functions to regulatory service providers, thereby contributing to the growth of the medical device outsourcing market.
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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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