An in-depth understanding of the OBD Aftermarket has been provided in this research study. The report analyses the market in terms of numerous parameters, such as growth drivers influencing the commercialization graph of this business space, industry insights, global trends characterizing the industry, and market segmentation.
Powered by a strict regulatory frame of reference formulated to control vehicular emissions, on-board diagnostics (OBD) aftermarket has emerged as a highly lucrative business sphere over the last few years. Lately, many regulatory bodies have established emission control facility centers to resolve the issues related to the effective working of OBD. In the U.S. specifically, the National Center for Automotive Science & Technology has established the National OBD Clearinghouse for facilitating the understanding of the on-board diagnostics technology, for which U.S. Environmental Protection Agency (EPA) has even provided a grant.
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The Major Key Players in the Market are as follows:
1. Autel Intelligent Technology Corp. Ltd.
2. Automatic Labs
3. AVL Ditest
5. Bosch Diagnostics
7. Continental AG
8. Danlaw Inc.
9. ERM Electronic Systems LTD
10. Geotab Inc.
12. Intel Corporation
13. Magneti Marelli S.p.A.
16. TomTom International BV.
17. Vector Informatik
18. Verizon Communications
19. Xirgo Technologies Inc.
The OBD system is one of the integral parts of the electronic control unit (ECU) and is used for diagnosing and repairing vehicle subsystems and rectifying the malfunctions associated with the systems. The integrity of the emission control unit is maintained with the help of external tools that re-flash and re-configure the vehicle emission parameters. The increasing use of external vehicle diagnostic tools to maintain the shelf life of the vehicle is slated to propel on-board diagnostics (OBD) aftermarket considerably.
OBD Aftermarket report industry segmentation – Significant pointers pertaining to the Vehicle Type spectrum:
o As per the report, the market is segregated into Passenger Vehicles, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), with reference to the Vehicle Type spectrum.
o The report encompasses details pertaining to the market share that every sub-segment will accrue by the end of the forecast period.
o The growth rate to be depicted by these Vehicle Type segments over the projected duration are also mentioned in the report alongside the target remuneration.
OBD Aftermarket report industry segmentation – Significant pointers pertaining to the Component spectrum:
o As per the study, the market is segregated into Hardware, Software, Service, pertaining to the Component landscape.
o The report has details related to the market share that each sub-segment will procure by the end of the forecast duration.
o The growth rate that these segments will register over the projected timeframe are also mentioned in the study alongside the target remuneration.
OBD Aftermarket report industry segmentation – Significant pointers pertaining to the Application spectrum:
o The report claims that the market is segregated into Consumer Telematics, Fleet Management, Car Sharing, Usage Based Insurance (UBI), as per the Application spectrum.
o The report contains information with respect to the market share accrued by each sub-segment by the end of the projected period.
o The growth rate to be showcased by these Application categories and the target valuation of the segments are also mentioned in the study.
Certain other pivotal takeaways from the report:
o A 360 degree analysis of the OBD Aftermarket is presented in the study, encompassing important aspects pertaining to the industry in question.
o Pricing trends prevailing in the OBD Aftermarket are detailed in the report.
o With respect to the competitive landscape, the study elucidates the financial data of the companies in the industry.
o The regulations that are followed by the OBD Aftermarket players across the developing and developed economies are provided in the report.
o Suitable market definitions are also included in the report.
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The OBD Aftermarket report, in essence, encompasses a collection is important parameters, and aims to make it easier for prominent stakeholders in the process of complicated business decision-making. The research document includes pivotal details such as the industry impact forces, SWOT analysis, and more, and also enumerates substantial information about the industry pitfalls and challenges.
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