Automotive On-board Diagnostics (OBD) Market Will Register a CAGR of almost 17% during 2020-2024 | Technavio

LONDON--(BUSINESS WIRE)--Nov 23, 2020--

Technavio has been monitoring the automotive on-board diagnostics (OBD) market and it is poised to grow by USD 34.83 bn during 2020-2024, progressing at a CAGR of almost 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Automotive On-board Diagnostics (OBD) Market 2020-2024 (Graphic: Business Wire)

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the automotive on-board diagnostics (obd) market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by Product, which is the leading segment in the market?
    Allied Services led the product segment of the automotive OBD market.
  • What are the major trends in the market?
    Growing focus on remote diagnostics and the increase of electronic content in vehicles are key trends in the market.
  • At what rate is the market projected to grow?
    The market will grow at a CAGR of almost 17% during 2020-2024.
  • Who are the top players in the market?
    Autel Intelligent Technology Co., Continental AG, Daimler Trucks North America LLC (Detroit Diesel Corp.), DENSO Corp., Innova Electronics Corp., Intel Corp., Robert Bosch GmbH, TomTom International BV, Vector Informatik GmbH, and Verizon Communications Inc. are some of the key vendors in the market.
  • What is the key market driver?
    The introduction of regulations mandating the installation of OBD systems is one of the significant factors that drive market growth.
  • How big is the APAC market?
    35% of the market growth will originate from APAC.

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  • On-Board Diagnostics Telematics Market by Type and Geography - Forecast and Analysis 2020-2024- The on-board diagnostics telematics market size has the potential to grow by USD 1.74 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get FREE sample report in minutes
  • Automotive Electronic Control Unit Market by Application and Geography - Forecast and Analysis 2020-2024- The automotive electronic control unit market size has the potential to grow by USD 10.94 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get FREE sample report in minutes

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View market snapshot before purchasing

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Autel Intelligent Technology Co., Continental AG, Daimler Trucks North America LLC (Detroit Diesel Corp.), DENSO Corp., Innova Electronics Corp., Intel Corp., Robert Bosch GmbH, TomTom International BV, Vector Informatik GmbH, and Verizon Communications Inc. are some of the major market participants. Although the regulations mandating OBD systems will offer immense growth opportunities, is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this automotive on-board diagnostics (OBD) market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Automotive On-board Diagnostics (OBD) Market 2020-2024: Segmentation

Automotive On-board Diagnostics (OBD) Market is segmented as below:

  • Product
    • Allied Services
    • OBD Port
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41436

Automotive On-board Diagnostics (OBD) Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive on-board diagnostics (OBD) market report covers the following areas:

  • Automotive On-board Diagnostics (OBD) Market Size
  • Automotive On-board Diagnostics (OBD) Market Trends
  • Automotive On-board Diagnostics (OBD) Market Industry Analysis

This study identifies growing focus on remote diagnostics as one of the prime reasons driving the automotive on-board diagnostics (OBD) Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Automotive On-board Diagnostics (OBD) Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist automotive on-board diagnostics (OBD) market growth during the next five years
  • Estimation of the automotive on-board diagnostics (OBD) market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive on-board diagnostics (OBD) market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of automotive on-board diagnostics (OBD) market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Allied services - Market size and forecast 2019-2024
  • OBD port - Market size and forecast 2019-2024
  • Market opportunity by Product

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Autel Intelligent Technology Co.
  • Continental AG
  • Daimler Trucks North America LLC (Detroit Diesel Corp.)
  • DENSO Corp.
  • Innova Electronics Corp.
  • Intel Corp.
  • Robert Bosch GmbH
  • TomTom International BV
  • Vector Informatik GmbH
  • Verizon Communications Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201123005350/en/

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KEYWORD:

INDUSTRY KEYWORD: AUDIO/VIDEO AFTERMARKET AUTOMOTIVE OTHER AUTOMOTIVE TECHNOLOGY AUTOMOTIVE MANUFACTURING MANUFACTURING OTHER TECHNOLOGY

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 11/23/2020 04:30 AM/DISC: 11/23/2020 04:31 AM

http://www.businesswire.com/news/home/20201123005350/en

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