In terms of production, the global automotive market was valued at nearly 90 million units in 2014. WiseGuy Reports market research analyst estimate this market to grow at a CAGR of more than 6% over the next four years. The influx of many international vehicle manufacturers in developing regions is driving the market growth for OBD systems. Key players such as Volkswagen plan to increase the production capacity in India to 2 lakh units by 2018. GM, another leading player in the market, has 28 production plants in China and plans to open three more in the next four years.
Many OBD systems with remote diagnostics are expected to buoy in the market. Technavio’s market analysts predict a rising shift in the focus of automotive OBD manufacturers from hardware based to software based interface. The market is likely to witness the emergence of the cloud platform and big data analytics in OBD systems during the forecast period.
Key application areas and further analysis of the market
Largely used to identify faults and potential malfunctions in the component functionality of a vehicle, automotive OBDs transmit the relevant trouble codes to a remote data center. This data center then collects this data in regular software- or application-compatible format, which interprets this data and sends it across to the respective driver or technician.
The research report predicts a decline in the demand for OBDs in traditional markets in Europe and the Americas. However, as the impact of the global financial crisis in India and China was relatively mild, the demand for OBDs from the automotive industry in these countries remains buoyant as compared to their western counterparts.
Market segmentation and market analysis by vehicle type
Heavy trucks, busses, and coaches (HCVs)
Light commercial vehicles (LCVs)
Light commercial vehicles include commercial carrier vehicles that have a gross vehicle weight of 3.5 tons or less. This segment has the highest growth rate of all the segments and includes three sub-segments: large pickups, medium pickups, and small pickups. Light commercial vehicles generally have a compact, rugged design. These vehicles have low operating costs, powerful yet fuel-efficient engines, and are mostly used for intra-city operations.
Geographical segmentation and analysis of the automotive OBD market
The forecast includes an analysis of the market shares of the leading countries including: -
Europe is the second-largest market for OBD systems, with revenue accounting for more than $1 billion in 2014. The market has evolved post-implementation of mandatory OBD requirements by the government in 2000. This market is expected to experience a steady growth during the forecast period, owing to the increasing usage of electronic components and shift towards preventive maintenance to combat the high vehicle repair costs in the region.
Competitive landscape and leading players in the global automotive OBD diagnostics market
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. In January 2015, Automatic, along with Nest, a smart thermostats company, developed smart home controller OBD products. Similarly, other vendors of this market are expected to closely follow this trend during the forecast period.
Other prominent vendors include Automatic, AVL DiTEST, CarShield, Carvoyant, Dash Labs, EASE Diagnostics, Hickok, Mojio, Voxx International, and Zubie.
Key questions answered in the report
Segmentation of US OBD systems market by revenue 2011, 2015, 2019?
What are the key factors driving the global automotive OBD diagnostics market?
What are the key market trends impacting the growth of the global automotive OBD diagnostics market?
What are the various opportunities and threats faced by the vendors in the global automotive OBD diagnostics market?
Trending factors influencing the market shares for the global automotive OBD diagnostics market?
Key outcome of the five forces analysis on the global automotive OBD diagnostics market?
Trending factors influencing the market shares for US, Europe, ROW?
Growth forecast of the global automotive OBD diagnostics market?
WiseGuy Reports also offers customization on reports based on specific client requirement
For more information or any query mail at email@example.com
Wise Guy Reports is part of the Wise Guy Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe. Wise Guy Reports understand how essential statistical surveying information is for your organization or association. Therefore, we have associated with the top publishers and research firms all specialized in specific domains, ensuring you will receive the most reliable and up to date research data available.
+1 646 845 9349 / +44 208 133 9349
Follow on LinkedIn: https://www.linkedin.com/company/wise-guy-research-consultants-pvt-ltd-?trk=biz-companies-cym