You are given a text that consists of multiple sentences. Your task is to perform abstractive summarization on this text. Use your understanding of the content to express the main ideas and crucial details in a shorter, coherent, and natural sounding text.

DUBLIN--(BUSINESS WIRE)--The "Automotive Remote Diagnostics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. The global automotive remote diagnostics market grew at a CAGR of around 13% during 2014-2019 Automotive remote diagnostics refers to an automobile system that enables the monitoring of vehicles through a wireless network. The diagnostic equipment is connected to a 3G, 4G or Wi-Fi-based platform that operates and records the data regarding vehicle health. The data is further analyzed by computer software to provide useful insights. This aids in assessing vehicle performance in real-time, minimizing the service time and preventing further failures. As a result, it is commonly used in passenger and commercial vehicles for automatic crash notification, vehicle location tracking, roadside assistance and vehicle health alert system. Significant growth in the automotive industry represents as one of the key factors driving the growth of the market. Furthermore, increasing emphasis of original equipment manufacturers (OEMs) on the improvement of vehicle performance and collection of relevant data is also driving the market growth. The adoption of automotive remote diagnostics aids in significantly minimizing service downtime and effectively predicting component defects. In line with this, the increasing demand for electric and hybrid vehicles (E/HVs) is also contributing to the market growth. Additionally, various technological advancements, such as the integration of the Internet of Things (IoT) and telematics, are acting as other growth-inducing factors. These technologies enable users to interact with the connected car eco-systems to offer an improved and comfortable driving experience. Other factors, including the rising demand for luxury and sports vehicles, along with extensive research and development (R&D) activities on improving safety and security of the passengers, are anticipated to drive the market further. Looking forward, the global automotive remote diagnostics market to continue its strong growth during the next five years. Key Questions Answered in This Report: Key Topics Covered: 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Automotive Remote Diagnostics Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product Type 6.1 Diagnostic Equipment 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Software 7 Market Breakup by Connectivity 7.1 3G 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 4G LTE 7.3 Wi-Fi 7.4 Bluetooth 8 Market Breakup by Vehicle Type 8.1 Passenger Cars 8.1.1 Market Trends 8.1.2 Market Forecast 8.2 Commercial Vehicles 9 Market Breakup by Application 9.1 Automatic Crash Notification 9.1.1 Market Trends 9.1.2 Market Forecast 9.2 Vehicle Tracking 9.3 Vehicle Health Alert 9.4 Roadside Assistance 10 Market Breakup by Region 11 SWOT Analysis 11.1 Overview 11.2 Strengths 11.3 Weaknesses 11.4 Opportunities 11.5 Threats 12 Value Chain Analysis 13 Porters Five Forces Analysis 13.1 Overview 13.2 Bargaining Power of Buyers 13.3 Bargaining Power of Suppliers 13.4 Degree of Competition 13.5 Threat of New Entrants 13.6 Threat of Substitutes 14 Price Analysis 15 Competitive Landscape 15.1 Market Structure 15.2 Key Players 15.3 Profiles of Key Players For more information about this report visit https://www.researchandmarkets.com/r/14sn64

Answer: Global Automotive Remote Diagnostics Markets, 2014-2019 & 2020-2025 - ResearchAndMarkets.com