Automotive On-board Diagnostics Market: Introduction
According to the report, the global automotive on-board
diagnostics market is projected to reach US$ 22 Bn by 2031,
expanding at a CAGR of ~5% during the forecast period. Rise in
the number of industries and employment and transformative government policies
has led to an increase in per capita income of the population in various
countries. For instance, according to the statistics of World Bank Group, the
GDP of the global population, which is measured in terms of purchasing power
parity, has tripled in the past few decades. This increase in purchasing power
of the global population has led to an increase in the demand for vehicles
across the globe. This increase in sales of vehicles is a major factor driving
the global automotive on-board diagnostics market.
Increase in awareness about vehicle safety has led to the
incorporation of various electronic systems in vehicles, which, in turn, has
increased the complexity of vehicle architecture for mechanics to identify the
fault during aftermarket repair. These advancements in vehicle architecture
drive the demand for automotive on-board diagnostics, which assist mechanics in
identifying the fault in vehicles without much hassle.
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Automotive On-board Diagnostics Market Players
Prominent players operating in the global automotive
on-board diagnostics market include Vector Informatik GmbH, Continental AG,
AUTEL Intelligent Technology Corp., Ltd., Bosch Automotive Service Solutions
Inc., iWave Systems Technologies Pvt. Ltd., OBD Solutions, LLC, AVL DiTEST
GmbH, Azuga, CalAmp., Danlaw, Inc., ERM Electronic Systems LTD, Geotab Inc.,
Intel Corporation, Marelli Holdings Co., Ltd, TomTom International BV.,
Verizon, Xirgo Technologies, LLC., and Innova.
Expansion of Automotive On-board Diagnostics Market
Government authorities of various countries have mandated
the implementation of on-board diagnostic devices in all vehicles sold in their
respective countries. For instance, in 2008, the U.S. mandated
integration of on-board diagnostic devices in all vehicles sold in the country.
Likewise, India issued regulations for the incorporation of on-board
diagnostics in light duty vehicles in 2010. These favorable
regulations are major factors driving the global automotive on-board diagnostics
market.
Based on diagnostic device, the mobile device segment is
projected to expand at a prominent growth rate in the near future, followed by
the PC/laptop based segment. Mobile based on-board diagnostics provide
real-time monitoring data of the vehicle, along with analysis of engine
parameters for tuning purpose and predictive maintenance. These advantages of
mobile device-based on-board diagnostics are expected to propel the segment at
a high growth rate during the forecast period.
In terms of diagnostic type, the cloud diagnostics segment
is projected to expand at a high growth rate during the forecast period, as
cloud connectivity offers high computing speeds, faster connectivity, real-time
updates, more storage capacity, and better analytical insights in the vehicle’s
performance data.
Global Automotive On-board Diagnostics Market:
Segmentation
- Automotive
On-board Diagnostics Market, by Diagnostic Device
- Handheld
- Scanner
- Code
Reader
- Digital
Pressure Tester
- TPMS
Tool
- Battery
Analyzer
- PC/Laptop
Based
- Mobile
Device
- Others
- Automotive
On-board Diagnostics Market, by Vehicle Propulsion
- IC
Engine
- Diesel
- Gasoline
- Electric
Vehicle
- Battery
Electric Vehicle
- Hybrid
Vehicle
- Plug-In
Hybrid Vehicle
- Automotive
On-board Diagnostics Market, by Vehicle Type
- Two
Wheeler Vehicles
- Passenger
Vehicles
- Hatchback
- Sedan
- Utility
Vehicles
- Light
Commercial Vehicles
- Trucks
- Buses
& Coaches
- Automotive
On-board Diagnostics Market, by Application
- Driver
Behavior Monitoring
- Emission
Testing
- Supplementary
Instrumentation
- Consumer
Telematics
- Usage-based
Insurance
- Fleet
Management
- Car
Sharing
- Others
- Automotive
On-board Diagnostics Market, by Diagnostic Type
- Remote
Diagnostic
- Cloud
Diagnostic
- Automotive
On-board Diagnostics Market, by Region
- North
America
- Europe
- Asia
Pacific
- Middle
East & Africa
- Latin
America
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In the end,
Automotive On-board Diagnostics industry report specifics the major regions,
market scenarios with the product price, volume, supply, revenue, production,
and market growth rate, demand, forecast and so on. This report also presents
SWOT analysis, investment feasibility analysis, and investment return analysis.
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