Global On-Board Diagnostics (OBD) Aftermarket Market report from Global Insight Services is the single authoritative source of intelligence on On-Board Diagnostics (OBD) Aftermarket Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The global On-board Diagnostics (OBD) Aftermarket market was valued at USD 1.4 billion in 2021 and it is anticipated to grow up to USD 14.8 billion by 2031, at a CAGR of 26.6% during the forecast period.
Download Free Sample of Report- https://www.globalinsightservices.com/request-sample/GIS24608
OBD aftermarket Market is a term used to describe the growing industry of companies that offer OBD-related products and services. These products and services can include anything from OBD scanners and software to OBD-related repairs and diagnostics. The OBD aftermarket is a rapidly growing industry, due in part to the increasing popularity of OBD-equipped vehicles. As more and more people become aware of the benefits of OBD-equipped vehicles, the demand for OBD products and services is expected to continue to grow.
Market Trends and Drivers
Widespread adoption of remote vehicle diagnostic systems using data-based technology owing to the growing complexity of vehicle systems is a prominent driver for business expansion. The remote diagnostic technology delivers a safety mechanism that enables the control and monitoring of vehicles using a remote operator. The technology is utilized to make service cycle schedules for vehicles and helps in limiting vehicle downtime and breakdowns. IoT platforms are being increasingly implemented by the automotive industry to transform vehicles into an ecosystem hub of connected devices. The setup offers advantages such as real-time vehicle component monitoring, improved safety, and a user-friendly experience. These services are monitored by built-in OBD systems which analyse, track, and resolve the faults or problems associated with vehicle components, thus expanding market size.
Request For Customization – https://www.globalinsightservices.com/request-customization/GIS24608
Global On-board Diagnostics (OBD) Aftermarket Market Segmental Overview
Based on component, it is segmented into hardware, and software. Among these, the hardware segment is estimated to account for a substantial share in the On-board Diagnostics (OBD) Aftermarket market through 2031. This rise can be attributed to the availability of a range of wearable devices in healthcare. Some of these devices include smart patches, rings, watches and others. Of these, ring-type wearables, equipped with deep learning analysis of PPG signals could help in the accurate diagnosis of AF without depending on electrocardiography. Similar devices enable the continuous monitoring of AF in high-risk populations.
Global On-board Diagnostics (OBD) Aftermarket Market by Vehicle Type
Based on the vehicle type, the On-board Diagnostics (OBD) Aftermarket market is segmented into Passenger Vehicles, Light Commercial Vehicles (LCV), and Heavy Commercial Vehicles (HCV). The passenger vehicle segment accounted for around 40% of the OBD aftermarket share in 2021. This can be credited to the increasing production of passenger cars equipped with OBD systems that can scan the engine and sub-components of vehicles. According to the Society of Indian Automobile Manufacturers (SIAM), above 3,650,698 passenger vehicles were produced in the year 2021-22 as compared to 3,062,280 in 2020-21.
Global On-board Diagnostics (OBD) Aftermarket Market by Application
With regards to application, the On-board Diagnostics (OBD) Aftermarket market is divided into consumer telematics, fleet management, car sharing, usage based insurance (UBI). In 2021, the consumer telematics segment valued at about USD xx million in 2021, which can be credited to favourable government initiatives to promote the usage of telematics for vehicle safety. The introduction of OBDs has resulted in the development of connected cars which has lowered the road accident fatality rate and allowed drivers to clock more miles. With a growing demand for OBD in consumer telematics, the market will observe substantial growth Up to 2031.
For In-Depth Competitive Analysis, Purchase this Report– https://www.globalinsightservices.com/inquiry-before-buying/GIS24608
Major Players in the Global On-board Diagnostics (OBD) Aftermarket Market
The key players in the on-board diagnostics (OBD) aftermarket market Autel Intelligent Technology Corp., Ltd., AVL Ditest, Azuga, Bosch Diagnostics, CalAmp, Continental AG, Danlaw, Inc., ERM Electronic Systems LTD, Geotab Inc., HeLLA GmbH & Co. among others.
With Global Insight Services, you receive:
- 10-year forecast to help you make strategic decisions
- In-depth segmentation which can be customized as per your requirements
- Free consultation with lead analyst of the report
- Excel data pack included with all report purchases
- Robust and transparent research methodology
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes DE 19958
E-mail: [email protected]
Phone: +1–833–761–1700
Website: https://www.globalinsightservices.com/