On-board Diagnostics (OBD) AfterMarket Revenue Outlook, Segmentation and Key Trends to 2030

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On-board Diagnostics (OBD) AfterMarket Revenue
Outlook, Segmentation and Key Trends to 2030
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• Industry Insights

• The on-board diagnostics (OBD) aftermarket share
  is expected to attain a valuation of USD 12
  billion by 2030. Modern tracking solutions are
  offering new features to facilitate the process
  of fleet management. Technological advancements
  based on data sharing are improving the pace of
  daily operations. With the increasing adoption of
  autonomous vehicles and mobility-as-a-service
  (MaaS) mechanisms for remote fleet monitoring.
• Vehicle telematics has gained significant
  importance in the transportation industry,
  especially during the COVID-19 pandemic.
  Advancements in on-board diagnostics and GPD
  tracking technology are evolving with improved
  efficiencies, paradigm shifts, and reduced costs
  while enhancing driver safety.

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• With the growing importance of vehicle
  digitization and software, automakers are
  integrating advanced technologies to increase the
  autonomy of vehicles.
• Manufacturers of heavy commercial vehicles (HCVs)
  are integrating Advanced Driver Assistance
  Systems (ADAS) with next-gen technologies such as
  Forward Collision Warning System (FCWS) and
  Forward Collision Mitigation System (FCMS). ADAS
  applications also include Blind Spot Detection
  System (BSD), Adaptive Cruise Control (ACC), Lane
  Change Assist, and Departure Warning Systems
  which are essential in long-haul transportation,
  thereby promoting on-board diagnostics
  aftermarket growth.
• Many key players operating in the OBD aftermarket
  industry are becoming increasingly focused on
  making strategic moves, like mergers and
  acquisitions, to expand their product portfolio
  and boost their overall presence in the global
  business landscape.
• For instance, In March 2021, Azuga Inc completed
  the acquisition of Ohio-based data infrastructure
  firm Mobikit, with the intention of allowing the
  company to reinforce its risk management and
  analytics capabilities. Therefore, strict
  emission standards, technological advancements,
  and expansive growth of the automotive sector are
  expected to contribute significantly to OBD
  aftermarket growth over the years ahead.

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• Regional Analysis

• Many OBD manufacturers are expanding their
  businesses in the MEA region to strengthen their
  market position. In March 2022, Swedish EV maker
  Polestar announced its plan to enter the United
  Arab Emirates (UAE) with its new fully-electric
  Polestar 2 model equipped with advanced OBD
  features, thus pushing product sales in the
  region.

• Competitive Analysis

• Global On-board Diagnostics (OBD) AfterMarket
  growth will be positively affected by the notable
  presence of reputed organizations, such as 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

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