Latest News- Heavy-Duty Trucks On-Board Diagnostics System Market: Class 8 is expected to lead the Vehicle Type segment during 2025-2029

The Heavy-Duty Trucks On-Board Diagnostics System Market is being driven by Need for fleet operators to reduce total cost of ownership

The Heavy-Duty Trucks On-Board Diagnostics System Market is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 98.5 million. In the evolving landscape of the transportation industry, truck platooning, facilitated by advanced automated driving technologies, is gaining significant traction. This innovative concept involves multiple heavy-duty trucks traveling in close proximity, maintaining optimal aerodynamic distances, and cooperatively driving at high speeds. The platoon configuration resembles a train compartment, albeit with physical disconnects. With the increasing adoption of automated driving technology in both passenger cars and commercial vehicles, truck platooning is poised to become a key feature of self-driven trucks. Standardization of this technology in self-driven trucks is a distinct possibility. The integration of truck platooning is set to significantly impact the heavy-duty trucks on-board diagnostics system market, as diagnostic services become increasingly crucial to ensure optimal performance and safety in these complex systems. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Vehicle Type
  • Class 8
  • Class 7
• Type
  • Hand-held scan tools
  • Mobile device based tools
  • PC-based scan tools
• Connectivity
  • Cellular
  • Bluetooth
  • Wi-Fi
  • Satellite
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Need for fleet operators to reduce total cost of ownership
• Adoption of usage-based insurance (UBI) models
• Increasing volume of electronic content in modern vehicles

However, the market also witnesses some limitations, which are as follows:

• High cost of vehicle telematics services
• Privacy and hacking concerns in on-board diagnostics systems
• Limitations associated with OBD systems

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Market Scope in Heavy-Duty Trucks On-Board Diagnostics System Market Research Report

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Research Analysis Overview

The Heavy-Duty Trucks On-Board Diagnostics System Market encompasses OBD II, J1939 protocol, CAN bus, diagnostic scanners, data acquisition, data visualization, and historical data analysis for effective repair and maintenance. It offers downtime reduction, cost savings, fuel consumption monitoring, engine performance optimization, emission reduction, and environmental impact assessment. Additionally, it ensures safety compliance, regulatory reporting, vehicle tracking, asset management, route optimization, driver training, and predictive analytics through data integration, artificial intelligence, machine learning, and automated reporting. (51 words)

Market Research Overview

The global automotive components and equipment market encompasses businesses specializing in the production of parts and accessories for various vehicle types, including heavy-duty trucks. This market's size is determined by the consolidated revenue generated by manufacturers of automotive components and equipment. Key growth drivers for this market include the rising integration of advanced on-board diagnostics (OBD) systems in heavy-duty trucks. These systems facilitate engine performance monitoring and emission control, enabling the detection of diagnostic trouble codes and faults. Additionally, the increasing sales of electric vehicles, motorcycles, and passenger cars have significantly boosted the demand for electronic control units (ECUs) and other electrical components, fueling market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
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