DMO: connected car diagnostics & maintenance segment revenue UK 2014-2020, by segment

Published by Statista Research Department, Feb 1, 2016

The graph shows the diagnostics and maintenance sector revenue in the connected car market in the United Kingdom in 2014 and 2015, and provides a forecast to 2020, by subsegment. The revenue in the remote update service market is expected to grow from 3.4 million U.S. dollars in 2014 to 188.4 million in 2020. An overview of all Digital Markets can be found here.
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Revenue of the diagnostics and maintenance segment of the connected car market in the United Kingdom (UK) from 2014 to 2020, by subsegment (in million U.S. dollars)

Characteristic	Predictive maintenance	Pay how you drive (insurance)	Remote update service
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Release date

February 2016

More information

Region

United Kingdom

Survey time period

2015

Supplementary notes

* Estimate.

The “Diagnostics & Maintenance” segment includes “Predictive Maintenance”, “Usage-based insurance” and “Remote Update Services”. “Predictive Maintenance” involves continually collecting and analyzing vehicle data. If abnormalities are detected the car owner receives a notification via email, or the workshop/garage will be informed so that action can be taken proactively. Cost savings are achieved through early reaction to problems and the avoidance of redundant garage visits. In “Usage-based insurance” (also known as “pay-as-you-drive” and “pay-how-you-drive”) the amount of the insurance premium is calculated from the individual driving style and the distance travelled. A “Connected Car” records the required data and submits them to the insurance company; the insurer has to pay a fee for the data transmission. The data transmission via so-called “dongles” is out of scope. “Remote Update Services” do not need to be downloaded at the dealer’s or in the garage/workshop, instead they are received “Over-the-Air” (OTA).

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