Automotive On-board Diagnostics Market (Diagnostic Device: Handheld, PC/Laptop Based, Mobile Device, and Others; Vehicle Propulsion: IC Engine and Electric Vehicle; Vehicle Type: Two Wheeler Vehicles, Passenger Vehicles, Light Commercial Vehicles, Trucks, and Buses & Coaches; Application: Driver Behavior Monitoring, Emission Testing, Supplementary Instrumentation, Consumer Telematics, Usage Based Insurance, Fleet Management, Car Sharing, and Others; and Diagnostic Type: Remote Diagnostic and Cloud Diagnostic) - Global Industry Analysis, Share ,Growth ,Regional Outlook And Forecasts, 2021-2027

The global Automotive On-board Diagnostics market gathered revenue around USD 20.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.9% during the prediction period 2021 to 2027. Rise in the number of industries and employment and transformative government policies has led to an increase in per capita income of the population in various countries. For instance, according to the statistics of World Bank Group, the GDP of the global population, which is measured in terms of purchasing power parity, has tripled in the past few decades. This increase in purchasing power of the global population has led to an increase in the demand for vehicles across the globe. This increase in sales of vehicles is a major factor driving the global automotive on-board diagnostics market.

Increase in awareness about vehicle safety has led to the incorporation of various electronic systems in vehicles, which, in turn, has increased the complexity of vehicle architecture for mechanics to identify the fault during aftermarket repair. These advancements in vehicle architecture drive the demand for automotive on-board diagnostics, which assist mechanics in identifying the fault in vehicles without much hassle. Evolving mobility practices with growing acceptance of shared vehicles are having strong positive impact on the automotive sector. Rise in popularity of mobility-as-a-service has led to the emergence of novel applications of automotive on-board diagnostics devices, which is anticipated to propel the market during the forecast period.

This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Automotive On-board Diagnostics market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Automotive On-board Diagnostics market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.

COVID-19 Impact Assessment on Market Landscape

The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offerspresent short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.

Automotive On-board Diagnostics market report  empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplish sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.

Automotive On-board Diagnostics Market: Regional Analysis

• Based on region, the global automotive on-board diagnostics market has been segregated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa

• Asia Pacific held a notable share of the global automotive on-board diagnostics market in 2020. It is projected to be a highly lucrative region during the forecast period. Countries in Asia Pacific, such as China, India, Japan, and South Korea account for more than 45% of the total automobile production worldwide. Moreover, these countries are amending their emission norms that mandate the use of OBD II devices for emission testing. These factors are contributing toward the high share held by Asia Pacific of the global automotive on-board diagnostics market.

Challenges for Automotive On-board Diagnostics Market

• The recent outbreak of COVID-19 pandemic has negatively impacted majority of businesses across the globe, owing to forced shutdown of companies and trade activities. This caused the global economy to contract to its lowest growth rate. Disruption in supply chains of the automotive sector hampered the production of vehicles. Moreover, the demand for new vehicles also reduced, as people are restraining themselves from spending money on non-essential products and services. These factors resulting from the COVID-19 pandemic hampered the demand for automotive on-board diagnostic devices.
• Rise in popularity of electric vehicles render the conventional applications as well as on-board diagnostic devices obsolete, thus restraining the global automotive on-board diagnostic devices market

Competitive Rivalry

Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.

Significant Market Participants Operational in the Automotive On-board Diagnostics Market are:

The global automotive on-board diagnostics market include Vector Informatik GmbH, Continental AG, AUTEL Intelligent Technology Corp., Ltd., Bosch Automotive Service Solutions Inc., iWave Systems Technologies Pvt. Ltd., OBD Solutions, LLC, AVL DiTEST GmbH, Azuga, CalAmp., Danlaw, Inc., ERM Electronic Systems LTD, Geotab Inc., Intel Corporation, Marelli Holdings Co., Ltd, TomTom International BV., Verizon, Xirgo Technologies, LLC., and Innova.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects includingproduct type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2030 and covers subsequent region in its scope:

Global Automotive On-board Diagnostics Market: Segmentation

• Automotive On-board Diagnostics Market, by Diagnostic Device
• Handheld
• Scanner
• Code Reader
• Digital Pressure Tester
• TPMS Tool
• Battery Analyzer
• PC/Laptop Based
• Mobile Device
• Others
• Automotive On-board Diagnostics Market, by Vehicle Propulsion
• IC Engine
• Diesel
• Gasoline
• Electric Vehicle
• Battery Electric Vehicle
• Hybrid Vehicle
• Plug-In Hybrid Vehicle
• Automotive On-board Diagnostics Market, by Vehicle Type
• Two Wheeler Vehicles
• Passenger Vehicles
• Hatchback
• Sedan
• Utility Vehicles
• Light Commercial Vehicles
• Trucks
• Buses & Coaches
• Automotive On-board Diagnostics Market, by Application
• Driver Behavior Monitoring
• Emission Testing
• Supplementary Instrumentation
• Consumer Telematics
• Usage-based Insurance
• Fleet Management
• Car Sharing
• Others
• Automotive On-board Diagnostics Market, by Diagnostic Type
• Remote Diagnostic
• Cloud Diagnostic

By Regional Outlook

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• Italy
• France
• Rest of EU

Asia Pacific

• China
• India
• Japan
• Southeast Asia
• Rest of APAC

Central & South America

• Brazil
• Argentina
• Rest of Central & South America

Middle East and Africa

• GCC
• North Africa
• South Africa

Key Benefits For Stakeholders

• The study provides an in-depth analysis of the Automotive On-board Diagnostics market, and the current trends and future estimations to elucidate imminent investment pockets.
• It presents a quantitative analysis of the market from 2021 to 2027 to enable stakeholders to capitalize on the prevailing  Automotive On-board Diagnostics market opportunities.
• Extensive analysis of the market based on procedures and services assists to understand the trends in the industry.
• Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the Automotive On-board Diagnostics market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2027);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.