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Electric Power Steering Market Size To Surpass USD 39.15 Billion By 2029, At A 6.25% CAGR From 2022 To 2029

Electric Power Steering Market Size To Surpass USD 39.15 Billion By 2029, At A 6.25% CAGR From 2022 To 2029
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Automotive On-board Diagnostics Market to Present Vast Canvas for OEMs and Providers to Capitalize on Telematics-Based Insurance, Valuation projected to touch US$ 22 Bn by 2031

Overview of Automotive
On-board Diagnostics Market
Automotive on-board diagnostics (OBD) market has made continuous strides to meet a wide range of vehicle monitoring and maintenance applications, and remote diagnostic solutions. Most extensively, vehicle owners and OEMs have leveraged the sensor and software technologies encompassed by on-board diagnostics for emission monitoring and the overall health of the vehicles. OBD typically includes black box event data recorders, vehicle tracking control units, and other electric control units. Over the years, the revenue potential has grown remarkably, circumscribing a wide range of stakeholders in the ecosystem. For instance, OEMs, software developers, and insurance providers have been able to see new revenue streams in the telematics. The value chain of the automotive on-board diagnostics market is fast expanding, with on-board diagnostics becoming a part of the driverless cars and electric vehicles. Two prominently lucrativ ....

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