US Automotive Diagnostics Market Size 2026
Posted by Pradip on January 7th, 2020
Market Size – USD 9.64 Billion in 2018, Market Growth - CAGR of 4.0%, Market Trends –Increasing innovations in artificial intelligence
New York, March 28, 2019 - The US Automotive Diagnostics Market is expected to reach USD 13.34 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the need for reduced recalls and warranty repairs by highlighting specific issues, offering OEMs a direct line of communication with the customer and rise in the use of electronics in vehicles due to digitalization and connected mobility across the automotive industry. Automotive diagnostics in US refers to a vehicle's reporting and self-diagnostic capability, which gives access to the vehicle owner or repair technician regarding the status of the various vehicle subsystems.
US is the hub for a number of manufacturers of the technology and aim for better infrastructure. The region has no budget constraints due to its high income, favorable government policies and regulations for an effective transportation system.
Leading vendors in the market are included based on profile, business performance etc. Vendors mentioned as follows:
General Motors, BMW, Daimler, Honda, Audi, Toyota, Volvo, Ford Motor Company, Nissan, and Fiat Chrysler Automobiles, among others.
View Full Report Description with Table and Content@ https://www.reportsanddata.com/report-detail/automotive-diagnostics-market
Vehicle type Outlook (Revenue, USD Billion; 2018-2026)
Communication system Outlook (Revenue, USD Billion; 2018-2026)
Equipment type Outlook (Revenue, USD Billion; 2018-2026)
Technology type Outlook (Revenue, USD Billion; 2018-2026)
Offering type Outlook (Revenue, USD Billion; 2018-2026)
Propulsion type Outlook (Revenue, USD Billion; 2018-2026)
Product type Outlook (Revenue, USD Billion; 2018-2026)
In market segmentation by geographical regions, the report has analysed the following regions-
Exploring growth rate over a period
For more clarity on the real potential of the US Automotive Diagnostics market for the forecast period of 2016 - 2026 the study provides vital intelligence on the major opportunities, threats and challenges posed by the industry. Besides, a strong emphasis is laid on the weaknesses and strengths of some of the prominent players operating in the same market. Quantitative assessment of the recent momentum brought about by events such as collaborations, acquisition and mergers, product launches and technology innovation empower product owners, marketing professionals and business analysts make a profitable decision, reduce cost and increase their customer base.
Further key findings from the report suggest
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About the AuthorPradip
Joined: December 23rd, 2019
Articles Posted: 75
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