Lewes, DE -- (SBWire) -- 01/12/2016 --Report forecast the global heavy trucks on-board diagnostics systems market to grow at a CAGR of 3.27% over the period 2015-2019.
With the improving sales of OBDs, OEMs are emphasizing on the integration of electronic systems in the overall functionality and operations of vehicles. In the US, it is expected that by the end of 2016, 40% of the vehicle value cost would account for electronic systems and components. With the advent of electronics in vehicles, there will be a constant need for systems such as OBD that can monitor and measure complex and advanced electronic components.
Although the US and Europe are the dominant markets for heavy duty trucks OBD systems, developing countries in APAC are also gaining traction as OEMs are gradually introducing advanced electronic components such as control units and electronic ignition systems in these countries.
The Global Heavy Trucks On-Board Diagnostics Systems Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the Global heavy trucks on-board diagnostics systems market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key players in the Global Heavy Trucks On-board Diagnostics System Market: Autel, Bosch Diagnostics, Detroit Diesel, Innova Electronics and Vector Informatik
Other Prominent Vendors in the market are: Automatic, AVL DiTEST, CarShield, Carvoyant, Dash Labs, EASE Diagnostics, Hickok, Mojio, Voxx International and Zubie
Market driver
- Government regulations
- For a full, detailed list, view our report.
Market challenge
- High costs
- For a full, detailed list, view our report.
Market trend
- Shift in focus towards remote diagnostics
- For a full, detailed list, view our report.
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be
- What are the key market trends
- What is driving this market
- What are the challenges to market growth
- Who are the key vendors in this market space
- What are the market opportunities and threats faced by the key vendors
- What are the strengths and weaknesses of the key vendors
Spanning over 52 pages "Global Heavy Trucks On-board Diagnostics System Market 2015 - 2019" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Landscape, Geographical segmentation, Market segmentation by component revenue, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-heavy-trucks-board-diagnostics-system-market-2015-2019
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