The Reports and Insights, a leading market research company, has recently releases report titled “On Board Units (OBU) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global On Board Units (OBU) Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the On Board Units (OBU) Market?
The global on board units market size reached US$ 2.6 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 8.9 billion in 2032, exhibiting a growth rate (CAGR) of 14.7% during 2024-2032.
What are On Board Units (OBU)?
On Board Units (OBUs) are electronic devices integrated into vehicles to support electronic toll collection, fleet management, and other telematics functions. They utilize technologies such as GPS, cellular communication, and dedicated short-range communication (DSRC) to interact with tolling infrastructure and other vehicles. OBUs enable automated toll payments, monitor vehicle location and performance, and offer valuable data for fleet management. These units are essential components of contemporary transportation systems, enhancing efficiency, alleviating congestion, and improving overall road safety.
Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/1977
What are the growth prospects and trends in the On Board Units (OBU) industry?
The on-board units market growth is driven by various factors. The On-Board Units (OBU) market is witnessing substantial growth, fueled by the growing uptake of electronic toll collection (ETC) systems and the rising need for intelligent transportation solutions. OBUs play a vital role in ETC systems, allowing vehicles to interact with tolling infrastructure and enable smooth, automated toll transactions. Technological advancements, including the integration of OBUs with GPS and other navigation systems, are enhancing their capabilities and enhancing user convenience. Additionally, government efforts to modernize transportation infrastructure and alleviate traffic congestion are driving the OBU market’s growth. Hence, all these factors contribute to on-board units market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
By Technology:
- Dedicated Short Range Communication (DSRC)
- Global Navigation Satellite Systems (GNSS)
By Connectivity:
- Cellular Networks
- Wi-Fi
- Bluetooth
By Application:
- Vehicle-to-Vehicle Communication
- Vehicle-to-Infrastructure Communication
- Vehicle-to-Pedestrian Communication
Segmentation By Region:
North America:
- United States
- Canada
Europe:
- Germany
- The U.K.
- France
- Spain
- Italy
- Russia
- Poland
- BENELUX
- NORDIC
- Rest of Europe
Asia Pacific:
- China
- Japan
- India
- South Korea
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
Latin America:
- Brazil
- Mexico
- Argentina
Middle East & Africa:
- Saudi Arabia
- South Africa
- United Arab Emirates
- Israel
Who are the key players operating in the industry?
The report covers the major market players including:
- Mitsubishi
- Continental AG
- Commsignia
- Solaredge Technologies Inc
- Movyon SpA
- Q Free ASA
- Harman Automotion
- Unex Technology Corporation
- Danlaw Inc.
View Full Report: https://www.reportsandinsights.com/report/On Board Units (OBU)-market
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
About Us:
Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
Reports and Insights Business Research Pvt. Ltd.
1820 Avenue M, Brooklyn, NY, 11230, United States
Contact No: +1-(347)-748-1518
Email: [email protected]
Website: https://www.reportsandinsights.com/
Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/
Follow us on twitter: https://twitter.com/ReportsandInsi1
