Global Heavy-duty Trucks On-board Diagnostics System Market 2019-2023

Global Heavy-duty Trucks On-board Diagnostics System Market 2019-2023

About this market

Rising cost pressure due to price fluctuation of fuel and inefficiency of fleet operation have become crucial challenges for fleet operators to tackle. For efficient cost management, fleet operators are adopting cost optimization strategies that allow them to reduce the TCO to an extent. Innovations and improvements to the vehicle engine can help optimize fuel consumption and enhance fleet management efficiency. The use of advanced transmission design and technology add to the new ways of achieving better mileage and fuel efficiency. As 0BD helps monitor vehicle components, the data generated by each component is a valuable source of information to improve the component's design parameters. Technavio’s analysts have predicted that the heavy-duty trucks on-board diagnostics system market will register a CAGR of over 4% by 2023.

Market Overview

UBI model to drive the need for OBD

UBI is a service wherein the insurer is charged based on information collected by the vehicles' OBD system about the driving style of the driver and many other parameters such as driving speed and distance driven. Using UBI, insurance companies can create risk profiles for the insurers based on the data from OBD systems.

High cost of vehicle telematics services

In addition, the high cost of automobile-embedded telematics makes it difficult for manufacturers to keep their product prices low. However, in the current price-sensitive market, where customers are looking for products that give them maximum value for money, it has become difficult for manufacturers to shift the pricing pressure onto their customers. Therefore, manufacturers are compelled to keep their margins low.

For the detailed list of factors that will drive and challenge the growth of the heavy-duty trucks on-board diagnostics system market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Heavy-duty Trucks On-board Diagnostics System Market 2019-2023

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing popularity of fleet management solutions in logistics sector.”

According to the report, one of the major drivers for this market is the increasing among of electronic contents in modern vehicles.

Further, the report states that one of the major factors hindering the growth of this market is the privacy and hacking concerns with on- board diagnostics.

Companies Mentioned

Continental AG
Detroit Diesel Corporation
Robert Bosch GmbH
Vector Informatik GmbH
WABCO Holdings Inc.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global automotive electronics market
      • Table Segments of global automotive electronics market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by gross vehicle weight rating
    • Table GVWR - Market share 2018-2023 (%)
    • Comparison by gross vehicle weight rating
      • Table Comparison by gross vehicle weight rating
    • Class 8 - Market size and forecast 2018-2023
      • Table Class 8 - Market size and forecast 2018-2023 ($ millions)
      • Table Class 8 - Year-over-year growth 2019-2023 (%)
    • Class 7 - Market size and forecast 2018-2023
      • Table Class 7 - Market size and forecast 2018-2023 ($ millions)
      • Table Class 7 - Year-over-year growth 2019-2023 (%)
    • Market opportunity by gross vehicle weight rating
      • Table Market opportunity by gross vehicle weight rating
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table OBD system diagnostic capabilities
      • Table Impact of drivers and challenges
  • Market trends
    • Emergence of truck platooning
    • Prognostic systems offer untapped revenue source to commercial vehicle OEMs
    • Growing popularity of fleet management solutions in logistics sector
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Continental AG
      • Table Continental AG - Vendor overview
      • Table Continental AG - Business segments
      • Table Continental AG - Organizational developments
      • Table Continental AG - Geographic focus
      • Table Continental AG - Segment focus
      • Table Continental AG - Key offerings
    • Detroit Diesel Corporation
      • Table Detroit Diesel Corporation - Vendor overview
      • Table Detroit Diesel Corporation - Product segments
      • Table Detroit Diesel Corporation - Organizational developments
      • Table Detroit Diesel Corporation - Key offerings
    • Robert Bosch GmbH
      • Table Robert Bosch GmbH - Vendor overview
      • Table Robert Bosch GmbH - Business segments
      • Table Robert Bosch GmbH - Organizational developments
      • Table Robert Bosch GmbH - Geographic focus
      • Table Robert Bosch GmbH - Segment focus
      • Table Robert Bosch GmbH - Key offerings
    • Vector Informatik GmbH
      • Table Vector Informatik GmbH - Vendor overview
      • Table Vector Informatik GmbH - Service segments
      • Table Vector Informatik GmbH - Organizational developments
      • Table Vector Informatik GmbH - Key offerings
    • WABCO Holdings Inc.
      • Table WABCO Holdings Inc. - Vendor overview
      • Table WABCO Holdings Inc. - Product segments
      • Table WABCO Holdings Inc. - Organizational developments
      • Table WABCO Holdings Inc. - Geographic focus
      • Table WABCO Holdings Inc. - Segment focus
      • Table WABCO Holdings Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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