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Automotive On-board Diagnostics Market Dynamics and Forecast From 2022 -v2032 By Zaraki Kenpachi - May 20, 2021
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Automotive Onboard Diagnostics Market: Introduction According to the report, the global automotive onboard diagnostics market is projected to reach US$ 22 Bn by 2031, expanding at a CAGR of ~5% during the forecast period. Rise in the number of industries and employment and transformative government policies has led to an increase in per capita income of the population in various countries. For instance, according to the statistics of World Bank Group, the GDP of the global population, which is measured in terms of purchasing power parity, has tripled in the past few decades. This increase in purchasing power of the global population has led to an increase in the demand for vehicles across the globe. This increase in sales of vehicles is a major factor driving the global automotive onboard diagnostics market. Increase in awareness about vehicle safety has led to the incorporation of various electronic systems in vehicles, which, in turn, has increased the complexity of vehicle architecture for mechanics to identify the fault during aftermarket repair. These advancements in vehicle architecture drive the demand for automotive onboard diagnostics, which assist mechanics in identifying the fault in vehicles without much hassle. Get sample copy of “Automotive Onboard Diagnostics Market” at: https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=56082 Automotive Onboard Diagnostics Market Players Prominent players operating in the global automotive onboard diagnostics market include Vector Informatik GmbH, Continental AG, AUTEL Intelligent Technology Corp., Ltd., Bosch Automotive Service Solutions Inc., iWave Systems Technologies Pvt. Ltd., OBD Solutions,