Global OBD Aftermarket Growth Evolution By Key Players: Innova, Automatic, Continental, TomTom, Magneti Marelli, Danlaw Inc, CalAmp, Mojio, Intel Corporation, Azuga, Inc., GEOTAB, Vector Informatik, Bosch USA

OBD Aftermarket is projected to register a lucrative growth at a CAGR of over 17% between 2018 and 2024. The growth can be attributed to the factors such as an increase in vehicle production and the growing need to implement emission control norms and regulations to tackle air pollution. The significant investments made by the automotive manufacturers and the aftermarket service providers around the globe are contributing to an increasing demand for the development of connected vehicles. The rapid growth of the automobile industry has forced the manufacturers to offer more robust OBD devices, particularly for light-duty and heavy-duty vehicles.

OBD Aftermarket size is set to exceed USD 1.5 billion by 2024. The increasing emphasis on developing connected vehicle solutions and the growing adoption of IoT technology in the automobile sector are driving the growth of the OBD aftermarket. The increase in vehicle production, particularly LCVs and HCVs, has generated the demand for more stringent emission control standards.

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The government agencies around the world have implemented stringent emission control regulations to combat the increasing impact of air pollution on the environment. The increasing complexities in vehicles have generated the need to have more robust remote diagnostics solutions. Remote diagnostics technology is also gaining more popularity as it provides the vehicle owners and technicians with the real-time information about the vehicle’s status and helps in the effective monitoring of vehicle components remotely.

The automotive industry uses two types of OBD hardware devices, viz., OBD scanners and OBD dongles. The scanners are more like code readers or scan tools that read codes from any vehicle equipped with OBD II. The OBD dongles are gaining more popularity among fleet managers. The dongle is a visible accessory that can be connected to the driver’s smartphone, plugged directly into the OBD II port, and can also be connected in an effortless way to a network. As these devices can be independently used and do not require any wired connection, the demand for dongles is projected to grow swiftly over the forecast timeline.

The hardware segment held a majority share of over 40% in the OBD aftermarket in 2017 due to the large-scale adoption of traditional OBD scanners such as scan tools and code readers to access the vehicle’s OBD port. These scanners act as an interface to provide users with the vehicles’ engine-related parameters. However, with the emergence of OBD dongles, additional information, such as driver behavior analytics and remote diagnostics, can be effectively extracted from vehicles.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Innova
2. Automatic
3. Continental
4. TomTom
5. Magneti Marelli
6. Danlaw Inc
7. CalAmp
8. Mojio
9. Intel Corporation
10. Azuga, Inc.
11. GEOTAB
12. Vector Informatik
13. Bosch USA

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OBD Aftermarket, By Vehicle Type

o Passenger Vehicles
o Light Commercial Vehicles (LCV)
o Heavy Commercial Vehicles (HCV)

OBD Aftermarket, By Component

o Hardware
o OBD Scanners
o OBD Dongles
o Software
o PC-based software
o Apps
o Service
o Training and consulting
o Integration and maintenance
o Managed service

North America held a major share of the OBD aftermarket in 2017. The proliferation of OBD dongle-based solutions is estimated to grow at a faster pace in the region between 2018 and 2024. The automobile sector in this region continues to record a steady growth due to the high penetration of advanced technologies in the transportation systems and the increased momentum of autonomous vehicles. The presence of some major global automobile players and the increasing investments by foreign auto suppliers in their manufacturing facilities are driving the region’s automobile market growth.

Asia Pacific OBD aftermarket is estimated to register the fastest growth at a CAGR of over 20% from 2018 to 2024 due to the rapid growth in the automobile industry, particularly in China, India, and Japan. With huge investments by domestic and global auto players in the region, the market is projected to grow swiftly during the forecast timeline.

Some of the key players operating in the OBD aftermarket are Innova, Automatic Labs, Continental, TomTom, Magneti Marelli, Danlaw, CalAmp, Metromile, ERM Telematics, Mojio, Intel Corporation, Xirgo Technologies, Azuga, Inc., Verizone, Geotab, Vector Informatik, AVL Ditest, Autel, and Bosch USA.

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