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Vehicle Services

in-scope

  • Services that analyze data, based on connected hardware
  • Fees for vehicle-related services

out-of-scope

  • B2B services
  • Telematics for fleet management
  • Solutions that focus on additional services such as entertainment
Market definition

Highlights

worldwide

  • Revenue in the "Vehicle Services" segment amounts to US$353m in 2017.
  • Revenue is expected to show an annual growth rate (CAGR 2017-2021) of 52.7 % resulting in a market volume of US$1,920m in 2021.
  • The Connected Car penetration is at 0.2 % in 2017 and is expected to hit 1.3 % in 2021.
  • The market's largest segment is the segment "Maintenance and Diagnostics" with a market volume of US$297m in 2017.
  • From a global comparison perspective it is shown that most revenue is generated in the United States (US$127m in 2017).
Outlook Report: Vehicle Services

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