Automotive On-Board Diagnostics Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: May 2021
  • Pages: 120
  • SKU: IRTNTR41436
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The automotive on-board diagnostics (OBD) market share is expected to increase by USD 27.63 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 17%.

This automotive on-board diagnostics (OBD) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive on-board diagnostics (OBD) market segmentation by product (allied services and OBD port) and geography (North America, Europe, APAC, South America, and MEA). The automotive on-board diagnostics (OBD) market report also offers information on several market vendors, including Autel Intelligent Technology Co., Continental AG, Daimler Trucks North America LLC (Detroit Diesel Corp.), DENSO Corp., HELLA GmbH and Co. KGaA, Innova Electronics Corp., Intel Corp., Robert Bosch GmbH, Vector Informatik GmbH, and Verizon Communications Inc. among others.

What will the Automotive On-board Diagnostics (OBD) Market Size be During the Forecast Period?

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Automotive On-board Diagnostics (OBD) Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increase in electronic content in vehicles is notably driving the automotive on-board diagnostics (OBD) market growth, although factors such as increase in cost for integration of telematics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive on-board diagnostics (OBD) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive On-board Diagnostics (OBD) Market Driver

One of the key factors driving growth in the automotive on-board diagnostics (OBD) market is the increase in the adoption of UBI using OBD as a measurement parameter. The automotive insurance industry is expected to grow with the increase in vehicle production globally. As the complexity of vehicles is also increasing, automotive insurance providers are exploring various options that help achieve accuracy in insurance claims. One such method is usage-based insurance (UBI), which is gaining popularity among insurance providers. In this method, an insurance provider defines the premium for the insurance subscription based on the driving pattern of the driver. UBI is popular in Europe and the US, and insurers are making profits from this concept. The integration of telematics, along with OBD, had helped in procuring adequate information, thereby helping in obtaining accurate data based on the usage. This is helping in market pricing for the insurers. It not only helps the insurers with their interest but also helps the users to save their insurance premiums. These factors are expected to drive market growth.

Key Automotive On-board Diagnostics (OBD) Market Trend

The growing focus on remote diagnostics is another factor supporting the automotive on-board diagnostics (OBD) market share growth. Remote OBD systems diagnose a fault or a potential malfunction in the component of a vehicle and transmit the relevant trouble codes to a remote data center. The data center then collects the data in usual software or application compatible formats that help interpret the data and send them across to the respective driver or technician. Remote diagnostics is a valuable tool, as it helps in preventive maintenance and scheduling vehicle service cycles, which helps in reducing vehicle downtime and breakdowns. The use of remote diagnostics is gaining popularity among OBD system manufacturers. This can be attributable to the increasing demand for these systems from fleet operators of both passengers as well as commercial vehicles.

Key Automotive On-board Diagnostics (OBD) Market Challenge

The increase in cost for integration of telematics will be a major challenge for the automotive on-board diagnostics (OBD) market during the forecast period. The growth of the global automotive OBD market can be largely attributed to the market dynamics of telematics applications and services. This stems from the fact that OBD services have been a part of bundled offerings of connected car services. The market for OBD hinges on the low costs (incurred by the customer and OEMs per vehicle) because such applications use the same TCU and hardware components of other connected car offerings. Therefore, a subscription pricing strategy will play a crucial role in the expansion of OBD services.  The reluctance of the customers to pay for such a service poses a significant challenge for the market growth. Such customer attitudes prevail, especially in the mass market segment.

This automotive on-board diagnostics (OBD) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global automotive on-board diagnostics (OBD) market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive on-board diagnostics (OBD) market during the forecast period.

Who are the Major Automotive On-board Diagnostics (OBD) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Autel Intelligent Technology Co.
  • Continental AG
  • Daimler Trucks North America LLC (Detroit Diesel Corp.)
  • DENSO Corp.
  • HELLA GmbH and Co. KGaA
  • Innova Electronics Corp.
  • Intel Corp.
  • Robert Bosch GmbH
  • Vector Informatik GmbH
  • Verizon Communications Inc.

 

This statistical study of the automotive on-board diagnostics (OBD) market encompasses successful business strategies deployed by the key vendors. The automotive on-board diagnostics (OBD) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The automotive on-board diagnostics (OBD) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Automotive On-board Diagnostics (OBD) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the automotive on-board diagnostics (OBD) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the automotive components and accessories market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Distribution and logistics
  • Marketing and sales
  • Service
  • Industry innovations

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Automotive On-board Diagnostics (OBD) Market?

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34% of the market’s growth will originate from North America during the forecast period. The US is the key market for automotive on-board diagnostics (OBD) in North America. Market growth in this region will be slower than the growth of the market in the South American, MEA and APAC regions.

The feature upgrades and newer business models aimed at developing additional revenue streams for the OEMs will facilitate the automotive on-board diagnostics (OBD) market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The automotive OBD market in North America has been witnessing a temporary decline, owing to the outbreak of the COVID-19 pandemic. In 2020, many end-user sectors, especially commercial end-users such as the construction, automotive, and industrial sectors, partially shut down their operations due to the pandemic. This led to the downfall of the economy and hindered trade in North America. The temporary shutdown of the industrial and automotive sectors halted their operations, which reduced the manufacturing, installation, and use of OBD tools and ports in 2020 and early 2021. However, the partial resumption of industrial activities, with social distancing norms in place and using a limited workforce, is expected to stabilize the growth of the regional market during the latter half of the forecast period.

What are the Revenue-generating Product Segments in the Automotive On-board Diagnostics (OBD) Market?

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The automotive on-board diagnostics (OBD) market share growth by the allied services segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive on-board diagnostics (OBD) market size and actionable market insights on post COVID-19 impact on each segment.

 

Automotive On-board Diagnostics (OBD) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 17%

Market growth 2021-2025

$ 27.63 billion

Market structure

Fragmented

YoY growth (%)

13.16

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 34%

Key consumer countries

US, Germany, China, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Autel Intelligent Technology Co., Continental AG, Daimler Trucks North America LLC (Detroit Diesel Corp.), DENSO Corp., HELLA GmbH and Co. KGaA, Innova Electronics Corp., Intel Corp., Robert Bosch GmbH, Vector Informatik GmbH, and Verizon Communications Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Automotive On-board Diagnostics (OBD) Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive automotive on-board diagnostics (OBD) market growth during the next five years
  • Precise estimation of the automotive on-board diagnostics (OBD) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive on-board diagnostics (OBD) industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive on-board diagnostics (OBD) market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Allied services - Market size and forecast 2020-2025
  • OBD port - Market size and forecast 2020-2025
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • APAC - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Autel Intelligent Technology Co.
  • Continental AG
  • Daimler Trucks North America LLC (Detroit Diesel Corp.)
  • DENSO Corp.
  • HELLA GmbH and Co. KGaA
  • Innova Electronics Corp.
  • Intel Corp.
  • Robert Bosch GmbH
  • Vector Informatik GmbH
  • Verizon Communications Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The automotive on-board diagnostics (obd) market growth will increase by $34.83 billion during 2021-2025.
The automotive on-board diagnostics (obd) market is expected to grow at a CAGR of 18.77% during 2021-2025.
Technavio has segmented the automotive on-board diagnostics (obd) market by product (Allied services and OBD port) ,application (Semiconductors, Life sciences, Material sciences, and Nanotechnology) , and geographic (North America, Europe, APAC, and South America).
Autel Intelligent Technology Co., Continental AG, Daimler Trucks North America LLC (Detroit Diesel Corp.), DENSO Corp., Innova Electronics Corp., Intel Corp., Robert Bosch GmbH, TomTom International BV, Vector Informatik GmbH, Verizon Communications Inc. are a few of the key vendors in the automotive on-board diagnostics (obd) market.
APAC will register the highest growth rate of 36.01% among the other regions. Therefore, the automotive on-board diagnostics (obd) market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the automotive on-board diagnostics (obd) market growth are:
  • Increase in adoption of UBI using OBD as measurement parameter
  • Introduction of new products and varieties
The automotive on-board diagnostics (obd) market vendors should focus on grabbing business opportunities from the allied services segment as it accounted for the largest market share in the base year.
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