On-Board Diagnostics Telematics Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The on-board diagnostics (OBD) telematics market size is expected to be valued at USD 2.93 billion from 2021 to 2026 at a CAGR of 12.75%. Furthermore, the OBD telematics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The market vendors covered in this report include Advantech Co. Ltd., Autonet Mobile Inc., BorgWarner Inc., CalAmp Corp., Continental AG, Danlaw Inc., Geotab Inc., Intel Corp., Mediatronic Pty Ltd., Raven Connected Inc., Robert Bosch GmbH, Sensata Technologies Inc., SenSight Technologies Pvt Ltd., Sinocastel Co. Ltd., SquareGPS Inc., Tenna LLC, Trak Global Group, Verizon Communications Inc., Zubie Inc., and GalileoSky Research Scientific Association LLC among others. Furthermore, the on-board diagnostics telematics market report covers market segmentation by type (passenger cars and commercial vehicles) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

What will the On-Board Diagnostics Telematics Market Size be During the Forecast Period?

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On-Board Diagnostics Telematics 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 government initiatives increasing the adoption of OBD telematics systems is notably driving the on-board diagnostics telematics market growth, although factors such as growing threat from embedded telematics may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the onboard diagnostics telematics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key On-Board Diagnostics Telematics Market Driver

• One of the key factors driving the global on-board diagnostics telematics market growth is the government initiatives increasing the adoption of OBD telematics systems.
• The rise in awareness about vehicle safety and the need for real-time monitoring of vehicles and driving patterns are encouraging the government of various countries to implement the telematics-based system in vehicles.
  • In 1996, the US mandated the fitment of OBD systems in all light-duty vehicles.
  • The implementation of a regulatory mandate on the incorporation of OBD port in every vehicle from 2001 in Europe.
  • In countries such as India and China regional navigation systems are developed, such as the Indian Regional Navigation Satellite System (IRNSS) in India and BeiDou in China, to support telematics service providers.
• This will lead to a reduction in the cost of telematics services in these countries. Such factors are expected to drive the growth of the global OBD Telematics market during the forecast period.

Key On-Board Diagnostics Telematics Market Trend

• Standardization of telematics platforms through next-generation telematics protocol (NGTP) is one of the key on-board diagnostics telematics market trends that is expected to impact the industry positively in the forecast period.
• NGTP is used by telematics service providers, such as WirelessCar (Volvo Group), BMW, and Connexis.
• OEMs, such as Volvo, provide an open platform that can be used to develop telematics solutions for various third-party stakeholders.
• The adoption of NGTP by telematics service providers will help them offer flexible, scalable, robust, and cost-effective telematics solutions to customers, thereby making a useful addition to the current telematics practices.
• This is expected to increase the adoption of OBD telematics, which is highly dependent on third-party stakeholders for telematics solutions that will support the market during the forecast period.

Key On-Board Diagnostics Telematics Market Challenge

• One of the key challenges to the global on-board diagnostics telematics market growth is the growing threat from embedded telematics.
• The main advantage of embedded connectivity is the reliability of data due to its 24x7 connected environment, thus regulatory bodies are expected to pass legislation to encourage the installation of embedded telematics in the automotive industry.
• The economic growth of BRIC countries and growing awareness among consumers about in-vehicle infotainment systems are driving the growth of the globally connected car market.
• The OEMs are equipping their entry-level and mid-level vehicles with these systems to ensure their availability to cater to the increasing demand.
• Such factors will lead to a rise in demand for embedded telematics, which may pose a threat to the global OBD Telematics market growth during the forecast period.

This on-board diagnostics telematics 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 2022-2026.

Parent Market Analysis

Technavio categorizes the global on-board diagnostics telematics 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 on-board diagnostics telematics market during the forecast period.

Who are the Major On-Board Diagnostics Telematics Market Vendors?

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

 

• Advantech Co. Ltd.
• Autonet Mobile Inc.
• BorgWarner Inc.
• CalAmp Corp.
• Continental AG
• Danlaw Inc.
• Geotab Inc.
• Intel Corp.
• Mediatronic Pty Ltd.
• Raven Connected Inc.
• Robert Bosch GmbH
• Sensata Technologies Inc.
• SenSight Technologies Pvt Ltd.
• Sinocastel Co. Ltd.
• SquareGPS Inc.
• Tenna LLC
• Trak Global Group
• Verizon Communications Inc.
• Zubie Inc.
• GalileoSky Research Scientific Association LLC

 

This statistical study of the on-board diagnostics telematics market encompasses successful business strategies deployed by the key vendors. The on-board diagnostics telematics market is fragmented and the vendors are deploying growth strategies such as investments in new technologies to compete in the market.

Product Insights and News

• BorgWarner Inc. - The company offers blue tech VCI diagnostics system to cover vehicle coverage, additional functionality, and integrated support for remote diagnostics issues related to vehicles.
• BorgWarner Inc. - The air management segment develops and manufactures products such as turbochargers, eBoosters, eTurbos, timing systems, emissions systems, and more to improve fuel economy, reduce emissions and enhance performance.

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 on-board diagnostics telematics 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.

On-Board Diagnostics Telematics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the on-board diagnostics telematics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain 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.

Which are the Key Regions for On-Board Diagnostics Telematics Market?

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35% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for on-board diagnostics telematics in North America. However, market growth in this region will be slower than the growth of the market in other regions.

The significant increase in focus on reducing vehicular emissions and industrial stability and affordability will facilitate the on-board diagnostics telematics 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

In 2020, the outbreak of COVID-19 negatively impacted the growth of the market in the region. Various countries in North America imposed lockdowns to mitigate the risk of COVID-19 transmission, which disrupted the production and supply of several automotive components. However, the revenue generated by the sales of passenger cars and commercial vehicles increased substantially in 2021, as North American countries have been witnessing an economic recovery from the impact of the COVID-19 pandemic since early 2021 due to the initiation of mass COVID-19 vaccination drives and a decline in the number of COVID-19 cases. Thus, such factors are expected to drive the growth of the market during the forecast period.

What are the Revenue-generating Type Segments in the On-Board Diagnostics Telematics Market?

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The on-board diagnostics telematics market share growth by the passenger cars segment will be significant during the forecast period. The faster acceptance of technological advances by end-users in the passenger cars segment than in the commercial vehicles segment is one of the major reasons for the high penetration of OBD telematics in the segment in focus.

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

 

On-Board Diagnostics Telematics Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 12.75%
Market growth 2022-2026	$ 2.93 billion
Market structure	Fragmented
YoY growth (%)	12.45
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 35%
Key consumer countries	US, Canada, China, Japan, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Advantech Co. Ltd., Autonet Mobile Inc., BorgWarner Inc., CalAmp Corp., Continental AG, Danlaw Inc., Geotab Inc., Intel Corp., Mediatronic Pty Ltd., Raven Connected Inc., Robert Bosch GmbH, Sensata Technologies Inc., SenSight Technologies Pvt Ltd., Sinocastel Co. Ltd., SquareGPS Inc., Tenna LLC, Trak Global Group, Verizon Communications Inc., Zubie Inc., and GalileoSky Research Scientific Association LLC
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 forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this On-Board Diagnostics Telematics Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive on-board diagnostics telematics market growth during the next five years
• Precise estimation of the on-board diagnostics telematics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the on-board diagnostics telematics industry across North America, Europe, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of on-board diagnostics telematics market vendors

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