On-board Diagnostics Aftermarket to reach USD 1.5 billion by 2024 - PowerPoint PPT Presentation

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On-board Diagnostics Aftermarket to reach USD 1.5 billion by 2024

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Request Sample of Report @ The Asia Pacific OBD aftermarket will experience the fastest growth between 2018 and 2024 at a CAGR of over 20% due to the significantly increasing vehicle production, particularly in China, India, and Japan. Also, the government initiatives in the region to issue stringent emission norms to combat rising levels of air pollution are expected to contribute to the growth of the market over the forecast timeline. – PowerPoint PPT presentation

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Title: On-board Diagnostics Aftermarket to reach USD 1.5 billion by 2024


1
On-board Diagnostics Aftermarket to reach USD 1.5
billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from On-board Diagnostics
Aftermarket
  • OBD Aftermarket was estimated at over USD 500
    million in 2017, and OBD Aftermarket size is set
    to exceed USD 1.5 billion by 2024. The increasing
    emphasis on developing connected vehicle
    solutions and the growing adoption of IoT
    technology in the automobile sector are driving
    the growth of the OBD aftermarket. The increase
    in vehicle production, particularly LCVs and
    HCVs, has generated the demand for more stringent
    emission control standards.
  • The government agencies around the world have
    implemented stringent emission control
    regulations to combat the increasing impact of
    air pollution on the environment. The increasing
    complexities in vehicles have generated the need
    to have more robust remote diagnostics solutions.
    Remote diagnostics technology is also gaining
    more popularity as it provides the vehicle owners
    and technicians with the real-time information
    about the vehicles status and helps in the
    effective monitoring of vehicle components
    remotely.

3
Continued...
  • The passenger vehicles segment held a dominant
    share of over 40 in 2017 in the global OBD
    aftermarket. The increased production of
    passenger vehicles, particularly in the U.S. and
    China, is majorly contributing to the adoption of
    OBD telematics solutions in the segment.
    According to the American Auto Council, the U.S.
    auto production is expected to exceed 12 million
    vehicles per year through 2019 and reach 13
    million by 2020. As it has been made mandatory by
    government institutions in various countries to
    have OBD compatibility for passenger vehicles,
    the segment is projected to grow consistently
    during the forecast timeline.
  • The hardware segment held a majority share of
    over 40 in the OBD aftermarket in 2017 due to
    the large-scale adoption of traditional OBD
    scanners such as scan tools and code readers to
    access the vehicles OBD port. These scanners act
    as an interface to provide users with the
    vehicles engine-related parameters. However,
    with the emergence of OBD dongles, additional
    information, such as driver behavior analytics
    and remote diagnostics, can be effectively
    extracted from vehicles.

4
Europe On-board Diagnostics (OBD) Aftermarket
Share, By Application, 2017

5

Browse Full Market Research Report On On-board
Diagnostics Aftermarket _at_ https//bit.ly/2M4gaEy
Request for a Sample of this Research Report
_at_ https//bit.ly/2Q6Gq4l
6
Continued...
  • The OBD apps segment is expected to exhibit the
    fastest growth by 2024 at a CAGR of over 25. The
    increasing penetration of smartphones and the
    adoption of advanced telematics technologies have
    triggered the demand for mobile-based apps.
  • As the OBD apps reduce the dependency on any
    hardware to gather information and make it
    possible for the user to convert the smartphone
    or tablet into a portable OBD scanner for
    gathering diagnostic information, the demand for
    apps is likely to grow during the forecast
    timeline.
  • These apps handle all the information collected
    from the OBD systems and ease the task of
    monitoring the vehicle parameters in the
    real-time, allowing the continuous monitoring of
    the vehicles status.

7
Industry Coverage

8
Companies
  • The competition in the on-board diagnostics
    aftermarket is characterized by various strategic
    initiatives such as new-product development and
    partnership adopted by the global technology
    companies and telecom service providers to
    deliver innovative products and services to cater
    to their customers requirements. For instance,
    in June 2016, Intel, Chunghwa Telecom and SanJet
    Technology entered into a joint collaboration to
    power-connected transport platform solution.
    Under the partnership, the companies combined
    their existing capabilities to deliver UBI with
    customized insurance offerings based on driving
    behavior and car usage. Similarly, in July 2018,
    Bosch introduced new automotive diagnostics scan
    tools, ADS 325 and ADS 625.
  • Some of the key players operating in the OBD
    aftermarket are Automatic Labs, Continental, Tom
    Tom, Magneti Marelli, Danlaw, CalAmp, Metromile,
    ERM Telematics, Mojio, Intel, Xirgo Technologies,
    Azuga, Verizone, Geotab, Vector Informatik, AVL
    Ditest, Autel, and Bosch Diagnostics.

9
Table OF Content
Chapter 1. Methodology Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Scope 1.1.5. Definition 1.1.6.
Methodology and forecast parameters 1.2. Data
Sources 1.2.1. Primary 1.2.2. Secondary 1.2.2.1.
Paid sources 1.2.2.2. Public sources Chapter
2. Executive Summary 2.1. OBD aftermarket
industry 360º synopsis, 2013 - 2024 2.1.1. Region
trends 2.1.2. Vehicle type trends 2.1.3.
Component trends 2.1.3.1. Hardware
trends 2.1.3.2. Software trends 2.1.3.3.
Service trends
10
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