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OBD Aftermarket Industry Size By Product Type (PC-based Software, Apps, Service), By Vehicle Type Outlook(Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV)), By Application (Consumer Telematics, Fleet Management, Usage-based Insurance ) and Region Forecast to 2023-2032

Format: PDF | Pages: 298 | Report ID: MRS1266


Report Description

The global OBD Aftermarket industry size was valued at USD 1,650.1 million in 2023, expanding at a CAGR of 21.8% from 2023-2032 to reach 3,800.4 Million USD in 2032.

Market Dynamics

OBD Aftermarket is expected to witness substantial growth over the forecast period. A key factor in business growth is the widespread adoption of data-based remote car diagnostic systems due to the increasingly complex nature of automotive systems. A safety benefit of remote diagnostic technology. a system that makes it possible for a remote operator to operate and monitor vehicles. Making service cycle schedules for vehicles with the aid of technology helps to reduce vehicle breakdowns and downtime. The automobile sector is progressively implementing loT platforms to turn cars into a center for a connected device ecosystem. The system has benefits like better safety, real-time component monitoring for vehicles, and user-friendliness. Built-in BD systems that analyze, track, and fix car component flaws or problems keep an eye on these services, increasing market size. The automobile sector is progressively implementing IoT technologies to turn cars into nodes for an ecosystem of connected gadgets. The system has benefits like better safety, real-time component monitoring for vehicles, and user-friendliness. Built-in OBD systems that analyze, track, and fix automotive component flaws or problems keep an eye on these services, hence the growing market.

The high cost of OBD scanners and the lack of customer understanding of the advantages of using OBD scanners are some of the major obstacles and problems in the On-Board Diagnostics (OBD) Aftermarket industry. The market is further hampered by the OBD protocols' lack of standardization, which makes it challenging for various scanners to connect with one another.

Regional Insights

During the projection period, the Asia Pacific OBD aftermarket market is anticipated to grow at the highest rate, driven by the exploding interest in smart city programs and the rising public consciousness of passenger safety. India, China, and South Korea are emerging as markets leaders in the region as the need for automobiles is on the rise. Due to the rising demand for transportation and logistics services, Europe is expected to account for a sizeable portion of market revenue.

Segment Dynamics

The OBD Aftermarket is fragmented into Product type, Vehicle Type, and Application segments. Based on the product type, apps are anticipated to dominate the market. By vehicle type, the Passenger vehicle segment is projected to grow at the highest CAGR during the forecast period. By application, the consumer telematics segment is expected to hold the majority of the market share.

Competitive Insights

The OBD Aftermarket is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For example, in July 2021, CarDr.Com launched a new OBD app for automotive dealers. Moreover, in August 2020, Teletrac Navman launched an AI-powered telematics platform that leverages the cloud ecosystem that combines data from multiple portable devices and provides a predictive analysis over a centralized window.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of OBD Aftermarkets by type describes the industry environment, then analyses the introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • AVL Dites
  • Azuga
  • Bosch Diagnostics
  • CalAmp
  • Continental AG
  • Danlaw
  • ERM Electronic Systems LTD
  • Geotab Inc.
  • Innova Electronics Corporation
  • Metromile

OBD Aftermarket Product Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • PC-based Software
  • Apps
  • Service

OBD Aftermarket Vehicle Type Outlook (Revenue, USD Million, 2023 - 2032)

  • Passenger Vehicles
  • Light Commercial Vehicles (LCV)
  • Heavy Commercial Vehicles (HCV)

OBD Aftermarket Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):

  • Consumer Telematics
  • Fleet Management
  • Usage-based Insurance

Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)

Frequently Asked Questions

The global OBD Aftermarket industry size was valued at USD 1,650.1 million in 2023, expanding at a CAGR of 21.8% from 2023-2032 to reach 3,800.4 Million USD in 2032.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global OBD Aftermarket industry is expanding at a CAGR of 21.8% from 2023-2032 to reach 3,800.4 Million USD in 2032.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The OBD Aftermarket is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic mergers & acquisitions, partnerships, and new product launches to remain competent in the market. For example, in July 2021, CarDr.Com launched a new OBD app for automotive dealers. Moreover, in August 2020, Teletrac Navman launched an AI-powered telematics platform that leverages the cloud ecosystem that combines data from multiple portable devices and provides a predictive analysis over a centralized window.

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