On-board Diagnostics AfterMarket By Top Trends and Forecast to 2026
The On-board Diagnostics AfterMarket may surpass USD 4 billion by 2026. Driven by the need from OEMs to remotely monitor vehicle performance and efficiency, the Industry anticipated is to amass significant revenue proceeds by 2026. Robust investments from automotive aftermarket service providers for the development of modern telematics platforms are fueling technological advancements in the industry.
There is a surge in demand for monitoring the performance of major engine components and reporting real-time status of the vehicle to vehicle owners. There is also a significant demand for OBD hardware devices from automotive enterprises, which could boost market expansion.
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In terms of vehicle type, the heavy commercial vehicle segment is projected to have considerable growth owing to rules set by transport regulatory authorities around the world, regarding the mandatory use of On-board Diagnostics AfterMarket systems for maintenance and inspection purposes.
The fleet management section is likely to grow substantially in the upcoming years owing to the need to enhance operational efficiency and rising environmental concerns, along with the benefit of reducing hardware and connectivity costs of vehicles. On-board Diagnostics AfterMarket systems have advanced features such as mileage, real-time vehicle usage information, and remote diagnostics capabilities. This is encouraging fleet operators to use advanced ON-BOARD DIAGNOSTICS systems.
Geographically, the North America On-board Diagnostics AfterMarket is estimated to hold over 45% share owing to the presence of enterprises such as Intel Corporation, Verizon Communications Inc., and Geotab Inc. Firms operating in the region are focusing on the development of advanced solutions for fleet vehicles.
The On-board Diagnostics AfterMarket consists of firms such as Danlaw Inc., TomTom International B.V., Magneti Marelli S.p.A., and Continental AG. These companies are working on advanced technologies and solutions for processing vehicle data.
In 2020, Hitachi Automotive Systems Americas, Inc., and location technology specialist TomTom announced their collaboration to work on a proof of concept for the development of a new real-time hazard service for Advanced Driver Assistance Systems (ADAS) and navigation.
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Table of Content
Chapter 6 On-board Diagnostics AfterMarket, By Vehicle Type
6.1 Key trends, by vehicle type
6.2 Passenger vehicles
6.2.1 Market estimates and forecast, 2015 – 2026
6.3 Light commercial vehicles (LCV)
6.3.1 Market estimates and forecast, 2015 – 2026
6.4 Heavy commercial vehicles (HCV)
6.4.1 Market estimates and forecast, 2015 – 2026
Chapter 7 On-board Diagnostics AfterMarket, By Application
7.1 Key trends, by application
7.2 Consumer telematics
7.2.1 Market estimates and forecast, 2015 – 2026
7.3 Fleet management
7.3.1 Market estimates and forecast, 2015 – 2026
7.4 Car sharing
7.4.1 Market estimates and forecast, 2015 – 2026
7.5 Usage-based insurance (UBI)
7.5.1 Market estimates and forecast, 2015 – 2026
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