Press release
Automotive On-board Diagnostics Market Entry Strategies, Countermeasures of Economic Impact and Marketing Channels to 2031
Automotive On-board Diagnostics Market: IntroductionAccording to the report, the global automotive on-board diagnostics market is projected to reach US$ 22 Bn by 2031, expanding at a CAGR of ~5% during the forecast period. Rise in the number of industries and employment and transformative government policies has led to an increase in per capita income of the population in various countries. For instance, according to the statistics of World Bank Group, the GDP of the global population, which is measured in terms of purchasing power parity, has tripled in the past few decades. This increase in purchasing power of the global population has led to an increase in the demand for vehicles across the globe. This increase in sales of vehicles is a major factor driving the global automotive on-board diagnostics market.
Increase in awareness about vehicle safety has led to the incorporation of various electronic systems in vehicles, which, in turn, has increased the complexity of vehicle architecture for mechanics to identify the fault during aftermarket repair. These advancements in vehicle architecture drive the demand for automotive on-board diagnostics, which assist mechanics in identifying the fault in vehicles without much hassle.
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Automotive On-board Diagnostics Market Players
Prominent players operating in the global automotive on-board diagnostics market include Vector Informatik GmbH, Continental AG, AUTEL Intelligent Technology Corp., Ltd., Bosch Automotive Service Solutions Inc., iWave Systems Technologies Pvt. Ltd., OBD Solutions, LLC, AVL DiTEST GmbH, Azuga, CalAmp., Danlaw, Inc., ERM Electronic Systems LTD, Geotab Inc., Intel Corporation, Marelli Holdings Co., Ltd, TomTom International BV., Verizon, Xirgo Technologies, LLC., and Innova.
Expansion of Automotive On-board Diagnostics Market
Government authorities of various countries have mandated the implementation of on-board diagnostic devices in all vehicles sold in their respective countries. For instance, in 2008, the U.S. mandated integration of on-board diagnostic devices in all vehicles sold in the country. Likewise, India issued regulations for the incorporation of on-board diagnostics in light duty vehicles in 2010. These favorable regulations are major factors driving the global automotive on-board diagnostics market.
In terms of diagnostic type, the cloud diagnostics segment is projected to expand at a high growth rate during the forecast period, as cloud connectivity offers high computing speeds, faster connectivity, real-time updates, more storage capacity, and better analytical insights in the vehicle’s performance data.
Global Automotive On-board Diagnostics Market: Segmentation
Automotive On-board Diagnostics Market, by Diagnostic Device
- Handheld
- Scanner
- Code Reader
- Digital Pressure Tester
- TPMS Tool
- Battery Analyzer
- PC/Laptop Based
- Mobile Device
- Others
Automotive On-board Diagnostics Market, by Vehicle Propulsion
- IC Engine
- Diesel
- Gasoline
- Electric Vehicle
- Battery Electric Vehicle
- Hybrid Vehicle
- Plug-In Hybrid Vehicle
Automotive On-board Diagnostics Market, by Vehicle Type
- Two Wheeler Vehicles
- Passenger Vehicles
- Hatchback
- Sedan
- Utility Vehicles
- Light Commercial Vehicles
- Trucks
- Buses & Coaches
Automotive On-board Diagnostics Market, by Application
- Driver Behavior Monitoring
- Emission Testing
- Supplementary Instrumentation
- Consumer Telematics
- Usage-based Insurance
- Fleet Management
- Car Sharing
- Others
Automotive On-board Diagnostics Market, by Diagnostic Type
- Remote Diagnostic
- Cloud Diagnostic
Automotive On-board Diagnostics Market, by Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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In the end, Automotive On-board Diagnostics industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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