PUBLISHER: TechNavio | PRODUCT CODE: 1416097
PUBLISHER: TechNavio | PRODUCT CODE: 1416097
The heavy-duty trucks on-board diagnostics system market is forecasted to grow by USD 89.21 mn during 2023-2028, accelerating at a CAGR of 3.42% during the forecast period. The report on the heavy-duty trucks on-board diagnostics system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need for fleet operators to reduce total cost of ownership, adoption of usage-based insurance (ubi) models, and increasing volume of electronic content in modern vehicles.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 3.25% |
CAGR | 3.42% |
Incremental Value | $89.21mn |
Technavio's heavy-duty trucks on-board diagnostics system market is segmented as below:
By Vehicle Type
By Type
By Geographical Landscape
This study identifies the emergence of truck platooning as one of the prime reasons driving the heavy-duty trucks on-board diagnostics system market growth during the next few years. Also, prognostic systems offer untapped revenue sources to commercial vehicle OEMs and growing popularity of fleet management solutions in the logistics sector will lead to sizable demand in the market.
The report on the heavy-duty trucks on-board diagnostics system market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heavy-duty trucks on-board diagnostics system market vendors that include ACTIA Group, Autel Intelligent Technology Co., AVL DiTEST GmbH, Bridgestone Corp., CalAmp Corp., Continental AG, Cummins Inc., Danlaw Inc., Fleet Complete, Garrett Motion Inc., Geotab Inc., iWave Systems Technologies Pvt. Ltd., Moj.io Inc., OBD Solutions LLC, Robert Bosch GmbH, Snap On Inc., Vector Informatik GmbH, Vidiwave Ltd., ZF Friedrichshafen AG, and Zubie Inc.. Also, the heavy-duty trucks on-board diagnostics system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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