Press release
Automotive On-board Diagnostics Market Top Scenario, SWOT Analysis, Business Overview & Forecast 2021-2031
Even though the coronavirus pandemic has caused a major impact on the automotive industry, the pandemic is pushing stakeholders into the information age. Companies in the automotive on-board diagnostics market are anticipating future revenue opportunities in wireless communications, in-vehicle electronics, and location technology involving insurance and OEMs (Original Equipment Manufacturers). Such trends are paving the way for telematics.
With the help of telematics, drivers are predicted to enjoy discounted insurance premium rates based on the distance they drive as per the traditional pay-per-mile program. Even insurance carriers can better manage their risk portfolios using mileage and driver behavior data, which is leading the way for accurate risk prediction. OEMs being an integral part of the automotive on-board diagnostics market are using telematics to leverage connected car data to offer value-added experience to vehicle owners.
Customization as per your requirement, Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=56082<ype=S
Awareness of Real-time Insurance Pricing to Help Overcome Slow Telematics Adoption
Despite all the clear benefits of telematics-based insurance policies, vehicle owners have been historically slow in its adoption. This explains why the automotive on-board diagnostics market is slated to register a modest CAGR of ~5% during the forecast period.
As more number of individuals gain knowledge about the advantages of electric vehicles, it is anticipated that stakeholders will create awareness about telematics-based insurance policies to be more profitable, have longer retentions, and high customer satisfaction as compared to traditional methods. Telematics is enabling real-time insurance pricing based on both miles driven and driver behavior.
To understand how our report can bring difference to your business strategy, Ask for a brochure
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=56082
New OBD Devices Enable Vehicle Tracking, Reduce Downtime
The automotive on-board diagnostics market is expected to reach the value of US$ 22 Bn by 2031. Vehicle tracking, geo fencing, and real-time automotive diagnostics are estimated to become increasingly commonplace after a decade. indie Semiconductor – a provider of SoCs (System-on-Chips) for the automotive industry is capitalizing on this opportunity by launching its new on-board diagnostics (OBD) device in March 2021.
Companies in the automotive on-board diagnostics market are entering into mergers to strengthen supply chains for comprehensive hardware and software of OBD. OBD devices include black box event data recorders, geo fencing, and vehicle tracking. Remote diagnostic solutions play a key role in establishing preventive maintenance and scheduling vehicle service cycles in order to reduce downtime and risks of breakdowns.
Get More Press Releases by TMR:https://www.prnewswire.com/news-releases/open-source-software-platforms-in-engineering-software-market-to-take-design-automation-to-new-heights-opportunities-predicted-to-rise-at-13-5-cagr-during-2020—2030-tmr-301284425.html
Contact us:
Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY - 12207,
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
https://todaysmarkettrends.wordpress.com
TMR offers meticulously researched market studies. We are leaders in providing cutting-edge market intelligence reports that are brought out of more than 5 million hours of expertize in market intelligence at the global, national, and local levels.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive On-board Diagnostics Market Top Scenario, SWOT Analysis, Business Overview & Forecast 2021-2031 here
News-ID: 2295899 • Views: …
More Releases from Transparency Market Research
Handheld Marijuana Vaporizer Market Key Drivers, Market Research, and Insights f …
The global handheld marijuana vaporizer market has witnessed remarkable growth in recent years, attributed to the increasing acceptance of medicinal marijuana and the demand for convenient and discreet consumption methods. Valued at US$ 5 billion in 2021, the market is projected to surge at a CAGR of 13.4% to reach US$ 15.9 billion by 2031. This article delves into the factors driving this growth, the evolving market landscape, and the…
Disinfectant Wipes Market Forecast 2020-2030 - Market Size, Drivers, Trends, And …
The COVID-19 pandemic has precipitated a remarkable surge in the demand for disinfectant products, with a notable emphasis on disinfectant wipes as an essential tool in maintaining hygiene and preventing the spread of pathogens. This research report delves into the multifaceted landscape of the disinfectant wipes market, elucidating key trends, drivers, and innovations shaping the industry.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=70359
Key Players and Market Developments
Key players…
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period.
Moreover, the market is expected…
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market.
Vascular closure devices is estimated to reach a value of ~US$ 1 Bn…
More Releases for OBD
Global OBD Telematics Market Research Report : Ken Research
The Global OBD Telematics Market is expected to reach USD XX Million by 2027, with a CAGR of XX% from 2020 to 2027, based on HNY Research newly published report.
For More Details:-
https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/obd-telematics-industry/429052-100.html
The prime objective of this report" Global OBD Telematics Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast 2021-2027" is to provide the insights on the post COVID-19 impact which will help market players…
Global OBD Telematics Market Report Forecast to 2027
OBD Telematics Market
OBD represents On-Board Diagnostics and is a PC framework within a vehicle that tracks and manages a vehicle's exhibition. The PC framework gathers data from the organization of sensors inside the vehicle, which the framework would then be able to use to manage vehicle frameworks or caution the client to issues. A specialist can then just fit into the OBD framework to gather vehicle information and analyze…
iWave OBD II Secured Edge Analytics Solution
Transform your ordinary vehicle into a smart vehicle
Presenting iWave’s revolutionary Plug and Play OBD II vehicle tracking and diagnostics solution. The device offers an innovative way to track and interact with your vehicle anytime anywhere. The high-spec OBD II scanner offer high accuracy location tracking, turn by turn navigation combined with real-time vehicle diagnostics, enhanced security features and much more …all in a single compact device.
…
OBD Telematics Market: Delphi, Continental, Bosch, LG, Geotab
MarketResearchReports.Biz adds “Global OBD Telematics Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the OBD Telematics market and the growth estimates for the forecasted period.
OBD?Telematics is a technology of sending, receiving and storing information via telecommunication devices which can provide details of vehicle for consumer, with a OBD port in vehicles.
OBD telematics is mainly composed of three parts:…
OBD Telematics Market Technology Growth by 2023
The qualitative research study conducted by HTF MI titled “Global OBD Telematics Industry Market Analysis & Forecast 2018-2023” provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global OBD Telematics market. The study provides forecasts for OBD Telematics investments till 2022.
If you are involved in the OBD Telematics industry or intend to be,…
Global OBD Telematics Market Report Till 2023
Market Study Report Add New Global OBD Telematics Market by Manufacturers, Countries, Type and Application, forecast to 2023 to its research database presenting an informative study covering the market with detailed analysis. The report will assist reader with better understanding. The report spread across 105 pages with table and figures in it.
This report focuses on the Global OBD Telematics Market, especially in North America, Europe and Asia-Pacific, South America, Middle…
