On-Board Diagnostics (OBD) Aftermarket Market is anticipated to expand at a compound annual growth rate (CAGR) from 2022 to 2031 | Autel Intelligent Technology Corp., Ltd., AVL Ditest, Azuga, Bosch Diagnostics

Global On-Board Diagnostics (OBD) Aftermarket report from Global Insight Services is the single authoritative source of intelligence on On-Board Diagnostics (OBD) Aftermarket. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

OBD aftermarket is a term used to describe the growing industry of companies that offer OBD-related products and services. These products and services can include anything from OBD scanners and software to OBD-related repairs and diagnostics. The OBD aftermarket is a rapidly growing industry, due in part to the increasing popularity of OBD-equipped vehicles. As more and more people become aware of the benefits of OBD-equipped vehicles, the demand for OBD products and services is expected to continue to grow.

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Key Trends

Some of the key trends in On-Board Diagnostics (OBD) Aftermarket technology include:

1. Increased focus on vehicle safety and emissions: With the implementation of stricter emissions standards around the world, there is an increased focus on developing on-board diagnostics systems that can help monitor and reduce emissions from vehicles. Additionally, as vehicle safety becomes increasingly important, OBD systems that can help detect and diagnose potential safety issues are becoming more popular.

2. Improved connectivity and data sharing: OBD systems are becoming increasingly connected, allowing for data to be shared between the vehicle and other systems (such as a garage or workshop). This improved connectivity makes it easier to diagnose problems and carry out repairs. Additionally, it allows for real-time monitoring of vehicle performance, which can be used to improve fuel efficiency.

3. Enhanced diagnostics and repair capabilities: OBD systems are constantly evolving, with new features and capabilities being added all the time. The latest generation of OBD systems can carry out much more comprehensive diagnostics than previous versions, and can often provide guidance on how to carry out repairs. This can save time and money, and improve the overall quality of repairs.

4. Greater focus on customer needs: With the increased competition in the OBD aftermarket, manufacturers are increasingly focused on developing systems that meet the specific needs of their customers. This includes developing systems that are easy to use and understand, and that offer a wide range of features and functions.

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Key Drivers

There are several key drivers of the On-Board Diagnostics (OBD) Aftermarket market. The first driver is the increasing number of vehicles on the road. With more vehicles on the road, there is a greater need for diagnostic and repair services. The second driver is the increasing complexity of vehicles. With more complex vehicles, there is a greater need for diagnostic and repair services that can handle these complexities. The third driver is the increasing cost of vehicle ownership. With the increasing cost of vehicle ownership, there is a greater need for diagnostic and repair services that can save money on repairs.

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Market Segmentation

The On-Board Diagnostics (OBD) Aftermarket market is segmented on the basis of vehicle type, component, application, and region. By vehicle type, the market is divided into passenger vehicles, light commercial vehicles (LCV), and heavy commercial vehicles (HCV). By component, the market is segmented into hardware, software, and services. Hardware is further segmented into OBD scanners and OBD dongles. The software segment is further segmented into PC-based software and apps. The services segment is further divided into training & consulting, integration & maintenance, and managed services. By application, it is bifurcated into consumer telematics, fleet management, car sharing, and usage-based insurance (UBI). By region, it is segregated into North America, Europe, Asia-Pacific, and rest of the World.

Key Players

The key players operating in the OBD aftermarket market are Autel Intelligent Technology Corp., Ltd., AVL Ditest, Azuga, Bosch Diagnostics, CalAmp, Continental AG, Danlaw, Inc., ERM Electronic Systems LTD, Geotab Inc., HeLLA GmbH & Co. KGaA, Innova Electronics Corporation, Intel Corporation, Magneti Marelli S.p.A., Metromile, Mojio, TomTom International BV., Vector Informatik, Verizon Communications, and Xirgo Technologies, Inc.

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