Latest News- Automotive On-Board Diagnostics (OBD) Market: Allied services is expected to lead the Product segment during 2025-2029

The Automotive On-Board Diagnostics (OBD) Market is being driven by Increase in adoption of usage-based insurance (UBI) using OBD as measurement parameter

The Automotive On-Board Diagnostics (OBD) Market is expected to grow at a CAGR of 24.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 77375.3 million. In the automotive industry, Remote On-Board Diagnostics (OBD) systems have emerged as a game-changer in vehicle maintenance and servicing. These advanced systems enable the identification of faults or potential malfunctions in a vehicle's components and transmit the associated trouble codes to a remote data center. The data center, in turn, processes the data into software or application-compatible formats, which are then communicated to the relevant driver or technician. This proactive approach to vehicle diagnostics offers numerous benefits, including preventive maintenance, efficient scheduling of service cycles, and minimized vehicle downtime and breakdowns. The growing popularity of remote diagnostics among OBD system manufacturers can be attributed to the increasing demand from fleet operators of both passenger and commercial vehicles. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Allied services
  • OBD port
• Vehicle Type
  • IC engine
  • Electric vehicle
• Connectivity
  • Wired
  • Wireless
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
    • South Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increase in adoption of usage-based insurance (UBI) using OBD as measurement parameter
• Increase in electronic content in vehicles
• Regulations mandating OBD systems

However, the market also witnesses some limitations, which are as follows:

• Increase in cost for integration of telematics
• Security concerns of OBD
• Limitations of OBD systems

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Market Scope in Automotive On-Board Diagnostics (OBD) Market Research Report

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Research Analysis Overview

The Automotive On-Board Diagnostics (OBD) market encompasses communication protocols, sensor calibration, emission monitoring systems, and vehicle diagnostic interfaces. Data acquisition hardware, software diagnostics tools, and OBD network architecture are integral components. Fault tree analysis and root cause analysis aid in identifying and resolving issues. Real-time data visualization, OBD data standardization, and vehicle diagnostics data ensure compatibility and data transmission speed. Data error detection, integrity checks, advanced diagnostics techniques, system fault tolerance, and OBD system architecture are crucial for effective system functioning. OBD hardware components, diagnostic software updates, and automotive diagnostic systems are essential elements of this market.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various vehicle types, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, market size is determined by the consolidated revenue of automotive components and equipment manufacturers. Key growth drivers for this market include the escalating demand for electronic control units (ECUs) and other electrical components due to the surge in sales of electric vehicles, motorcycles, and passenger cars, which has significantly increased in the past decade. Additionally, advanced communication protocols like OBD-II and CAN bus are fueling the market growth by enabling efficient data logging and diagnostics.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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