Authored By: Sarah
25 Jan 2022

Automotive On-board Diagnostics (OBD) Market | Leading Segments, Trends, Drivers and Challenges

DENSO Corp., HELLA GmbH and Co. KGaA, Innova Electronics Corp., Intel Corp., Robert Bosch GmbH, Vector Informatik GmbH, and Verizon Communications Inc. are among the key vendors

The automotive on-board diagnostics (OBD) market is expected to grow by $ 27.63 billion, accelerating at a CAGR of almost 17% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights into factors that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments.


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Automotive On-board Diagnostics (OBD) Market Grow by $ 27.63 Billion | Leading Segments and Market Trends 2021-2025Automotive On-board Diagnostics (OBD) Market: Market Segments and Growth Forecasts

This research report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • Market is segmented by Product (Allied services and OBD port) and Geography (North America, Europe, APAC, South America, and MEA). 
  • 34% of the market growth will originate from North America during the forecast period with the US being the key market for OBD in the region. Market growth in this region will be slower than the growth of the market in the South American, MEA and APAC regions.
  • This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Automotive On-board Diagnostics (OBD) Market size.

Automotive On-board Diagnostics (OBD) Market: Trends, Drivers, Challenges

The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.

  • Increase in electronic content in vehicles will be a significant factor in driving the growth of the Automotive On-board Diagnostics (OBD) Market.
  • Growing focus on remote diagnostics is another factor supporting the automotive on-board diagnostics (OBD) market share growth. Remote OBD systems diagnose a fault or a potential malfunction in the component of a vehicle and transmit the relevant trouble codes to a remote data center. Remote diagnostics is a valuable tool, as it helps in preventive maintenance and scheduling vehicle service cycles, which helps in reducing vehicle downtime and breakdowns.
  • Increase in adoption of usage-based insurance UBI using OBD as measurement parameter will be instrumental in driving market growth during the forecast period.  The automotive insurance industry is expected to grow with the increase in vehicle production globally. As the complexity of vehicles is also increasing, automotive insurance providers are exploring various options that help achieve accuracy in insurance claims. UBI is popular in Europe and the US, and insurers are making profits from this concept. The integration of telematics, along with OBD, is useful in obtaining accurate data based on the usage. It not only helps the insurers with their interest but also helps the users to save their insurance premiums. These factors are expected to drive market growth.
  • increase in cost for integration of telematics is a hurdle that needs to be crossed on the path to success. However, as the concept gathers momentum the benefits are likely to outweight the costs.

Automotive On-board Diagnostics (OBD) Market: Vendor Analysis

  • The market is fragmented.
  • 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, and Verizon Communications Inc. are some of the major market participants.
  • The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.

Key Areas Covered in our Report:

  • Automotive On-board Diagnostics (OBD) Market Split by Product
    • Allied services
    • OBD port
  • Automotive On-board Diagnostics (OBD) Market Split by Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • 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.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of over 17%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 27.63 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    increase in electronic content in vehicles will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    34% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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, and Verizon Communications Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Allied services and OBD port) and Geography (North America, Europe, APAC, South America, and MEA)

Automotive On-board Diagnostics (OBD) Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025
Trends, Drivers and Vendor Forecasts for 2021-2025

Accelerating at a CAGR of over 17%, the automotive on-board diagnostics (OBD) market is expected to grow by post an incremental growth of $ 27.63 bn over the next five years. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to provide growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.


Rely on our business insights to implement a COVID-19 Recovery Plan: Request for Free Sample Report


Automotive On-board Diagnostics (OBD) Market: Market Segments and Key Trends

This report provides a detailed analysis of the market by Product (Allied services and OBD port) and Geography (North America, Europe, APAC, South America, and MEA). 34% of the market growth will originate from North America during the forecast period. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Automotive On-board Diagnostics (OBD) Market: Top Drivers to Boost Demand

The increase in electronic content in vehicles is one of the primary factors driving the growth of the automotive on-board diagnostics (OBD) market. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.

Automotive On-board Diagnostics (OBD) Market Grow by $ 27.63 Billion | Leading Segments and Market Trends 2021-2025

Automotive On-board Diagnostics (OBD) Market: Vendor Analysis

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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, and Verizon Communications Inc. are some of the major market participants.

For more insights on this market: Download a Free Sample Report

Automotive On-board Diagnostics (OBD) Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive on-board diagnostics (OBD) market growth during the next five years
  • Precise estimation of the automotive on-board diagnostics (OBD) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive on-board diagnostics (OBD) market industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive on-board diagnostics (OBD) market vendors

 

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