Automotive On-Board Diagnostics (OBD) Market

The global Automotive On-Board Diagnostics (OBD) market was valued at USD 25.42 Billion in 2020 and is projected to reach USD 35.62 Billion by 2028, growing at a CAGR of 5.34%% from 2021 to 2028.

The automotive on-board diagnostics refers to the in-vehicle system, which monitors and reports the status of the vehicle. The OBD port and OBD connector provides access to the various vehicle parameters like vehicle speed, emission data, and engine data in the form of diagnostic trouble codes. Diagnosis solves almost every issue with in the vehicle. The OBD system is designed to reduce emissions by monitoring the performance of engine components. OBD system consists of ECU, sensors, and actuators. ECU uses input from the various sensors to control the actuators to get the desired performance. The malfunction indicator light, also known as check engine light, represents the early warning of malfunction to the vehicle driver. A modern vehicle supports hundreds of parameters that can be accessed through the Diagnostic Link Connector (DLC) using a scan tool.

The global Automotive On-Board Diagnostics (OBD) market report provides a thorough analysis of each segment including Diagnostic Device,Application and Vehicle Type for each region, and country. All the segments are studied considering historical and future trends across geographies. All the segments covers trends, market size, and forecasts, and the data is provided for the years 2016–2028. Moreover, the report also covers exhaustive analysis on competitive scenario of the global market covering in depth company profiles based on business overview, financial performance, product portfolio, business strategies, recent developments, and market share among others. In addition to that the report offers several market impacting factors such as drivers, restraints, and opportunities. Cumulatively, the report will cover all of the aspects regarding the global Automotive On-Board Diagnostics (OBD) market. 

In 2020, swift spread of COVID-19 largely impacted the global business operations, disrupting the supply chain and impairing various industries. The global trading activities were declined severely owing to the nationwide lockdowns, international border seals, and strict social distancing measures. This had a drastic impact on the global economy, as the companies across the globe were forced to either fully close or partially close their operations, leading to disruption in the supply-demand ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil among others witnessed a second wave of COVID-19 that further disrupted the market. However, it is expected that reopening of trade activities, the market will witness steady growth in demand in the coming years. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends for all the regions and countries.

The report provides a completely separate chapter for COVID-19 Impact Analysis. This chapter includes:

o   Impact Assessment of COVID-19 Pandemic

o   Pre & Post COVID-19 Market Size

o   Qualitative analysis on the short term & long term impact of COVID-19 on the market

o   The analysis provides foremost strategies adopted by competitors to minimize the impact of the pandemic on their business activities and scope for future developments.

The report covers an exhaustive analysis of Automotive On-Board Diagnostics (OBD) industry that includes drivers, restraints/challenges, opportunities, and segmental/regional trends among others. Apart from that, it will also cover extensive information on various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing trends,  SWOT analysis, and value chain analysis along with technological landscape and regulatory framework specific to Automotive On-Board Diagnostics (OBD) industry.

The increasing awareness associated with the drivers and passenger’s safety is anticipated to augment the growth of the automotive on-board diagnostics market over the forecast period. This is attributable to the increasing number of accidents across the globe due to the drivers as well as malfunctioning of the automobiles. The OBD system offers tracking vehicle real-time location to tracking vehicle's safety, driver performance, and driving behaviour pattern. All of these would help in enhancing vehicle performance which improves vehicle life and driver’s safety. Fleet management software with an OBD device always monitors your vehicle and generates real-time reports of the driver’s performance and driving activities. This data helps in reducing the harsh driving and also the chance of an accident that increases the driver’s safety. Owing to these benefits the market is expected to grow in the years to come. 

The increasing technological advancements with addition of better features are expected to propel the growth of the automotive on-board diagnostics market in the upcoming years. The connected technologies through on-board diagnostics are gaining prominence in new vehicle models across all sectors. Furthermore, the increasing implementation of 5G technology and new electronic components are acting as key drivers for the automotive on-board diagnostics market. 

The rise in popularity of electric vehicles reduces the conventional applications as well as on-board diagnostic devices obsolete, thus hampering the growth of the global automotive on-board diagnostic market.

Diagnostic Device  Analysis: Preview

On the basis of Diagnostic Device, the market is segmented into Handheld, PC/Laptop Based, Mobile Device, Others. Mobile Device held the highest share in the global Automotive On-Board Diagnostics (OBD) market and is projected to witness the same trend during the forecast period.

Application Analysis: Preview

Based on Application, the market is segmented into Driver Behavior Monitoring, Emission Testing, Supplementary Instrumentation, Consumer Telematics, Usage Based Insurance, Fleet Management, Car Sharing, Others. Driver Behavior Monitoring accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.

Vehicle Type Analysis: Preview

Based on Vehicle Type, the market is segmented into Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle. Passenger Car dominates the global Automotive On-Board Diagnostics (OBD) market and is expected to continue the same trend from 2021 to 2028. 

Based on geography, the global Automotive On-Board Diagnostics (OBD) market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2016–2028. Asia Pacific dominates the global Automotive On-Board Diagnostics (OBD) market and is expected to continue the same trend during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.  

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA

Major players in the global Automotive On-Board Diagnostics (OBD) market are Innova Electronics, Dash Labs, Voxx International, Zubie, Hickok Incorporated, Autel, Bosch Diagnostics, Carvoyant, AVL Ditest, Mojio, Detroit Diesel, CarShield, Vector, Informatik, EASE Diagonostics.. The global Automotive On-Board Diagnostics (OBD) market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network,  and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.   

• The global Automotive On-Board Diagnostics (OBD) market was valued at USD 25.42 Billion in 2020
• The global Automotive On-Board Diagnostics (OBD) Market is projected to reach USD 35.62 Billion by 2028
• Asia Pacific held the highest share of the Automotive On-Board Diagnostics (OBD) market in 2020
• Some of the major companies operating in the Automotive On-Board Diagnostics (OBD) market are Innova Electronics, Dash Labs, Voxx International, Zubie, Hickok Incorporated, Autel, Bosch Diagnostics, Carvoyant, AVL Ditest, Mojio, Detroit Diesel, CarShield, Vector, Informatik, EASE Diagonostics.