Automotive On-Board Diagnostics (OBD) Market

Automotive On-Board Diagnostics (OBD) Market by Diagnostic Device (Handheld, PC/Laptop Based, Mobile Device, Others) by Application (Driver Behavior Monitoring, Emission Testing, Supplementary Instrumentation, Consumer Telematics, Usage Based Insurance, Fleet Management, Car Sharing, Others) by Vehicle Type (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Automotive On-Board Diagnostics (OBD) in terms of revenue?

    The global Automotive On-Board Diagnostics (OBD) valued at 25.42 Billion in 2020 and is expected to reach 35.62 Billion in 2028 growing at a CAGR of 5.34%%

  • Which are the prominent players in the market?

    The prominent players in the 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..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 5.34%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Automotive On-Board Diagnostics (OBD) include

    • 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.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Automotive On-Board Diagnostics (OBD) in 2020.

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