DUBLIN, August 1, 2017 /PRNewswire/ --
The "Global Automotive On-board Diagnostics (OBD) Market 2017-2021" report has been added to Research and Markets' offering.
The global automotive on-board diagnostics market to grow at a CAGR of 15.55% during the period 2017-2021.
The report, Global Automotive On-board Diagnostics (OBD) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is the growing focus on remote diagnostics. Remote OBD systems diagnose a fault or a potential malfunction in the component of a vehicle and transmit the relevant trouble codes to a remote data center. The data center then collects the data in usual software or application compatible formats that help interpret the data and send them across to the respective driver or technician.
According to the report, one driver in the market is increase in adoption of UBI using OBD as measurement parameter. The automotive insurance industry is expected to grow with the increase in vehicle production globally. As the complexity of vehicles is also increasing, automotive insurance providers are exploring various options that help achieve accuracy in insurance claims. One such method is UBI, which is gaining popularity among the insurance providers. In this method, an insurance provider defines the premium for the insurance subscription based on the driving pattern of the driver.
Further, the report states that one challenge in the market is increase in cost for integration of telematics. The growth of the global automotive OBD market can be largely attributed to the market dynamics of telematics applications and services. This stems from the fact that OBD services have been a part of bundled offerings of connected car services. The market for OBD hinges on the low costs (incurred by the customer and OEMs per vehicle) because such applications use the same TCU and hardware components of other connected car offerings.
- Bosch Diagnostics
- Detroit Diesel
- Innova Electronics Corporation (IEC)
- Vector Informatik
Other prominent vendors
- CarShield Services
- VOXX International
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by offerings
PART 07: Geographic segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/mjnmxv/global_automotive
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SOURCE Research and Markets