The report also covers an in-depth analysis of the key competitors of the market, along with their growth strategies and business expansion plans. The report estimates the market size, market growth, and provides an accurate forecast for the key segments of the market for the forecast period of 2020-2028. The research report assesses the market dynamics, market landscape, company profiles, production and manufacturing capacity, year-on-year growth rate, SWOT analysis, and Porter’s Five Forces analysis. Key participants include General Motors, BMW, Daimler, Honda, Audi, Toyota, Volvo, Ford Motor Company, Nissan, and Fiat Chrysler Automobiles, among others. The region has no budget constraints due to its high income, favorable government policies and regulations for an effective transportation system.Ĭloud-based systems will play a key role in the development of these systems, as data is transmitted and analyzed in real-time in the cloud. US is the hub for a number of manufacturers of the technology and aim for better infrastructure. 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. 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.
The US Automotive Diagnostics Market is expected to reach USD 14.48 Billion by 2028, according to a new report by Reports and Data. Market Size – USD 17.70 Billion in 2020, Market Growth – at a CAGR of 21.3%, Market Trends – High demand from BFSI sector Increasing usage of social media platforms due to rising penetration of internet and rising incidents of security breaches is driving US Automotive Diagnostics Market revenue growth
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