This industry research report covers the growth prospects of the global automotive on-board diagnostics (OBD) market with market segmentation according to heavy trucks, busses, and coaches (HCVs) light commercial vehicles (LCVs), and passenger cars. The research also outlines the trends impacting the leading vendors of the market including Autel, Bosch, Detroit, and Innova Electronics.
Technavio’s market research analysts estimate the global automotive on-board diagnostics (OBD) market to grow at a CAGR of more than 6% between 2015 and 2019, thanks to the increasing number of vehicles being integrated with complicated electronic systems that require advanced vehicle diagnostic systems.
Principally used to identify faults and potential malfunctions in the component functionality of a vehicle, automotive OBDs transfer the relevant trouble codes to a remote data center. This data center then collects this data in a regular software- or application-compatible format, which interprets this data and sends it across to the respective driver or technician. Of late, manufacturers are integrating advanced in-vehicle wireline and wireless network systems such as controller area network (CAN), Bluetooth wireless systems, and telematics systems that require advanced OBD systems to monitor the status of vehicle emissions.
The US is the largest market for OBD systems and occupies around 49% of the total market share. Factors that can be attributed to this region’s growth are new innovations and start-up companies emerging with new technologies in the field of OBD connectivity, embedded display systems, and telematics.
“Automotive OBD manufacturers are shifting their focus from hardware based to software based interface. Software developers are exploring the cloud platform and big data analytics in OBD systems for greater accuracy and end-to-end solutions in vehicle functioning. They are integrating the OBD terminal with an air purification module and a voice recognition module through advanced software algorithms to create multifunctional and intelligent systems,” says Sriram Mohan, Lead Analyst, Automotive, Technavio Research.
Leading players in the global automotive OBD diagnostics market include Autel, Bosch, Detroit, and Innova Electronics. Players of the OBD system market are focusing on the development of integrated OBD telematics. As the overall telematics market is at a nascent stage, many OBD providers are focusing on leveraging this technology and integrating OBD telematics system in vehicles.
A more detailed analysis is available in the Technavio report, Global Automotive On-Board Diagnostics Market: Research Report 2015-2019.
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