Automotive On-board Diagnostics Market Trends, and Forecast, 2021-2031

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Automotive On-board Diagnostics Market Dynamics and Forecast From 2022 -v2032 By Zaraki Kenpachi - May 20, 2021

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Automotive Onboard Diagnostics Market: Introduction According to the report, the global automotive onboard diagnostics market is projected to reach US$ 22 Bn by 2031, expanding at a CAGR of ~5% during the forecast period. Rise in the number of industries and employment and transformative government policies has led to an increase in per capita income of the population in various countries. For instance, according to the statistics of World Bank Group, the GDP of the global population, which is measured in terms of purchasing power parity, has tripled in the past few decades. This increase in purchasing power of the global population has led to an increase in the demand for vehicles across the globe. This increase in sales of vehicles is a major factor driving the global automotive onboard diagnostics market. Increase in awareness about vehicle safety has led to the incorporation of various electronic systems in vehicles, which, in turn, has increased the complexity of vehicle architecture for mechanics to identify the fault during aftermarket repair. These advancements in vehicle architecture drive the demand for automotive onboard diagnostics, which assist mechanics in identifying the fault in vehicles without much hassle. Get sample copy of “Automotive Onboard Diagnostics Market” at: https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=56082 Automotive Onboard Diagnostics Market Players Prominent players operating in the global automotive onboard diagnostics market include Vector Informatik GmbH, Continental AG, AUTEL Intelligent Technology Corp., Ltd., Bosch Automotive Service Solutions Inc., iWave Systems Technologies Pvt. Ltd., OBD Solutions,

LLC, AVL DiTEST GmbH, Azuga, CalAmp., Danlaw, Inc., ERM Electronic Systems LTD, Geotab Inc., Intel Corporation, Marelli Holdings Co., Ltd, TomTom International BV., Verizon, Xirgo Technologies, LLC., and Innova. Expansion of Automotive Onboard Diagnostics Market Government authorities of various countries have mandated the implementation of on board diagnostic devices in all vehicles sold in their respective countries. For instance, in 2008, the U.S. mandated integration of onboard diagnostic devices in all vehicles sold in the country. Likewise, India issued regulations for the incorporation of onboard diagnostics in light duty vehicles in 2010. These favorable regulations are major factors driving the global automotive onboard diagnostics market. Based on diagnostic device, the mobile device segment is projected to expand at a prominent growth rate in the near future, followed by the PC/laptop based segment. Mobile based onboard diagnostics provide realtime monitoring data of the vehicle, along with analysis of engine parameters for tuning purpose and predictive maintenance. These advantages of mobile devicebased onboard diagnostics are expected to propel the segment at a high growth rate during the forecast period. In terms of diagnostic type, the cloud diagnostics segment is projected to expand at a high growth rate during the forecast period, as cloud connectivity offers high computing speeds, faster connectivity, realtime updates, more storage capacity, and better analytical insights in the vehicle’s performance data. Global Automotive Onboard Diagnostics Market: Segmentation Automotive Onboard Diagnostics Market, by Diagnostic Device Handheld Scanner Code Reader Digital Pressure Tester TPMS Tool Battery Analyzer PC/Laptop Based Mobile Device

Others Automotive Onboard Diagnostics Market, by Vehicle Propulsion IC Engine Diesel Gasoline Electric Vehicle Battery Electric Vehicle Hybrid Vehicle PlugIn Hybrid Vehicle Automotive Onboard Diagnostics Market, by Vehicle Type Two Wheeler Vehicles Passenger Vehicles Hatchback Sedan Utility Vehicles Light Commercial Vehicles Trucks Buses & Coaches Automotive Onboard Diagnostics Market, by Application Driver Behavior Monitoring Emission Testing Supplementary Instrumentation Consumer Telematics Usagebased Insurance Fleet Management Car Sharing Others Automotive Onboard Diagnostics Market, by Diagnostic Type Remote Diagnostic Cloud Diagnostic

Automotive Onboard Diagnostics Market, by Region North America Europe Asia Pacific Middle East & Africa Latin America Have any query? Inquiry about report at: https://www.transparencymarketresearch.com/sample/sample.php? flag=EB&rep_id=56082 In the end, Automotive Onboard Diagnostics industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research 90 Sate Street, Suite 700 Albany, NY 12207

Tel: +15186181030 USA – Canada Toll Free: 8665523453 Email: sales@transparencymarketresearch.com Website: https://www.transparencymarketresearch.com

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Zaraki Kenpachi