DUBLIN, January 18, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/fwphls/global_heavy) has announced the addition of the "Global Heavy Trucks On-board Diagnostics System Market 2015-2019" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
The global heavy trucks on-board diagnostics systems market to grow at a CAGR of 3.27% over the period 2015-2019.
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.
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 shift in focus of OBD manufacturers from hardware such as OBD terminals to a software interface is an emerging trend influencing the growth of the market. The market is witnessing major innovations in the field of embedded software to enhance the user experience of OBD systems and explore new connective concepts.
According to the report, the rapid increase in the adoption of the hybrid powertrain systems depicts the increasing adoption of complicated electronics in the vehicle functionality. The demand for OBD systems in heavy trucks is expected to grow globally in order to address this increasing complexity in the vehicle functionality.
Further, the report states that the profit margins of OBD manufacturers will be affected by this increasing cost of OBD systems.
- Bosch Diagnostics
- Detroit Diesel
- Innova Electronics
- Vector Informatik
Other prominent vendors
- AVL DiTEST
- Dash Labs
- EASE Diagnostics
- Voxx International
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Geographical segmentation
Part 07: Market segmentation by component revenue
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor analysis
Part 15: Appendix
For more information visit http://www.researchandmarkets.com/research/fwphls/global_heavy
About Research and Markets
Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
SOURCE Research and Markets