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Market Trends

Report ID: GMI2839
Published Date: Aug 2023
Report Format: PDF

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On-Board Diagnostics (OBD) Aftermarket Market Trends

The IoT technology is promoting a highly profitable growth trajectory for the on-board diagnostics (OBD) aftermarket industry. The integration of IoT in OBD systems enables real-time data collection & transmission, enhancing remote diagnostics, vehicle tracking, and predictive maintenance. This connectivity facilitates advanced monitoring & analysis, leading to improved vehicle performance, efficient maintenance, and personalized services. As IoT-driven OBD solutions gain traction, the market is expected to witness high demand for enhanced diagnostics and vehicle management capabilities.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

OBD aftermarket industry size reached USD 2.1 billion in 2022 and will record 20.5% CAGR from 2023 to 2032, due to the increasing adoption of remote vehicle diagnostic systems worldwide.

The hardware segment held a dominant share in 2022 and will witness significant CAGR from 2023-2032, on account of the introduction of new diagnostics tablets.

North America market recorded 46% of revenue share in 2022, owing to the robust automotive industry, technological advancements, and strong emphasis on vehicle diagnostics and maintenance in the region.

Autel Intelligent Technology Corp., Ltd., AVL DiTEST GmbH, Azuga Inc. (Bridgestone), Bosch Diagnostic (Robert Bosch GmbH), and CalAmp Corporation, are some of the major companies worldwide.