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Press Release: Automotive Diagnostics Market To Reach USD 55.6 Billion By 2026| Reports And Data


Growing economy, rising disposable income, and increasing rate of urbanization and industrialization are the major factor influencing market growth.
Market Size – USD 39.1 Billion in 2018, Market Growth - CAGR of 4.4%, Market Trends –Increasing innovations in artificial intelligenceNEW YORK, April 15, 2019 (GLOBE NEWSWIRE) -- The global automotive diagnostics market is expected to reach USD 55.6 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the increasing applications of cloud diagnostics, neural networks and artificial intelligence, governments initiatives, due to increasing environmental concerns, intense competition in the car manufacturing market, 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 industryRequest free sample copy of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1280Automotive diagnostics 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.In the future, automotive diagnostics will be benefitted from AI, to produce real-time models of vehicles in order to develop preventative maintenance routines. This may be a useful tool for developers of MaaS enterprises and fleet managers, since they aim to reduce the downtime and repair costs and streamline their services. It will also be beneficial as autonomous vehicles and driverless vehicles begin to penetrate the market, since they must have integrated safety systems which ensure perfect operation.Cloud-based systems will play a key role in the development of these systems, as data is transmitted and analysed in real-time in the cloud.Further key findings from the report suggestThe passenger vehicle type is going to have the highest growth in the coming years, and commercial vehi...


Posted: 2019-04-15 16:06:00

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