Automotive On-Board Diagnostics (oBD) Market: Informationby-Product (allied services and OBD port) and geography (North America, Europe, APAC, South America, and MEA)--Forecast till 2025|Technavio

NEW YORK, Jan. 25, 2022 /PRNewswire/ -- The Automotive On-Board Diagnostics (OBD) market is segmented into three categories based on the product (smart security systems, smart EMS, HVAC control systems, smart lighting systems, and audio-video conferencing systems) and geography (APAC, North America, Europe, South America, and MEA). The market share is expected to increase by USD 27.63 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of almost 17%.

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Parent Market Analysis

The global automotive on-board diagnostics (OBD) market is classified by Technavio as part of the global IT consulting and other services market. The global automotive on-board diagnostics (OBD) market is classified as part of the global automotive components and accessories industry by Technavio. External factors influencing the parent market's growth potential in the future years have been extensively examined in our research analysis and will define the levels of growth of the automotive onboard diagnostics (OBD) market during the forecast period.

Technavio uses the total revenue generated by manufacturers to estimate the global automotive onboard diagnostics (OBD) market size. External factors influencing the parent market's growth potential in the coming years have been thoroughly investigated in our research analysis, to know more about the levels of growth of the automotive on-board diagnostics (OBD) market throughout the forecast period, Download a free sample,

Automotive on-board diagnostics (OBD) Market Value Chain Analysis

To maximize profit margins and evaluate business plans, an end-to-end understanding of automotive onboard diagnostics (OBD) is required. The report will help vendors drive costs and enhance customer services during the forecast period.

• Inputs
• Inbound logistics
• Operations
• Distribution and logistics
• Marketing and sales
• Service
• Industry innovations

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Vendor Insights 

The automotive on-board diagnostics (OBD) market is fragmented, and the vendors are deploying various organic and inorganic growth strategies to compete in the market. To make the best of the opportunity, the market vendors should focus more on the fast-growing segment's growth prospect while maintaining their positions in the slow-growing segments.

We provide a detailed analysis of vendors operating in the automotive on-board diagnostics (OBD) market, including some of the vendors such as Autel Intelligent Technology Co., Continental AG, Daimler Trucks North America LLC (Detroit Diesel Corp.), DENSO Corp., HELLA GmbH, and Co. KGaA, Innova Electronics Corp., Intel Corp., Robert Bosch GmbH, Vector Informatik GmbH, Verizon Communications Inc.

Backed with competitive intelligence and benchmarking, our research reports on the automotive on-board diagnostics (OBD)s market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

Product Insights and News

• Autel Intelligent Technology Co. - Offers automotive on-board diagnostics tools such as MaxiSys elite, MaxiSys MS908S Pro, MaxiSys CV, and others.
• Continental AG. - Offers automotive on-board diagnostics (OBD) software such as Autodiagnos Pro, a resource that is updated as vehicles evolve. 
• DENSO Corp. - Offers automotive on-board diagnostics (OBD) functions and information needed for advanced troubleshooting.

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Geographical Highlights

The automotive on-board diagnostics (OBD) market share growth in North America will be significant during the forecast period. The US is the key market for automotive onboard diagnostics (OBD) in North America. Market growth in this region will be slower than the growth of the market in the South American, MEA and APAC regions.

The automotive on-board diagnostics (OBD) market in North America would benefit from feature updates and newer business models targeted at establishing extra revenue streams for OEMs. In terms of OBD connectivity, embedded display systems, and telematics, these firms are leading the way. As a result, remote vehicle diagnostics has established itself as a complement to standard OBD and as part of connected car solutions, which include a variety of telematics apps and services. Feature enhancements and improved business models targeted at establishing extra revenue streams for OEMs will drive the industry in this area.

Furthermore, the US is the top producer of automotive on-board diagnostics (OBD), owing to the feature upgrades and newer business models aimed at developing additional revenue streams for the OEMs in the region.

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Key Market Dynamics-

•  Automotive On-board Diagnostics (OBD) Key Market Drivers:
• Increase in adoption of UBI using OBD as a measurement parameter

Automobile insurance firms are looking into numerous ways to help achieve accuracy in insurance claims as vehicle complexity grows. Usage-based insurance (UBI) is one such strategy that is gaining traction among insurance companies. An insurance provider determines the premium for an insurance subscription based on the driver's driving pattern in this way. UBI is popular in Europe and the United States, and insurers profit from it. The use of telematics in conjunction with OBD has aided in the acquisition of adequate data, resulting in accurate data based on consumption. This aids insurers in setting market prices.

•  Automotive On-board Diagnostics (OBD) Key Market Trends:
• Growing focus on remote diagnostics

A remote diagnostic is a useful tool since it aids in preventive maintenance and the scheduling of vehicle service cycles, decreasing vehicle downtime and breakdowns. Remote diagnostics are becoming increasingly common among OBD system makers. This is due to an increase in demand for these systems among fleet operators of both passenger and commercial vehicles.

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