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Market Analysis

Report ID: GMI2839
Published Date: Aug 2023
Report Format: PDF

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On-Board Diagnostics (OBD) Aftermarket Market Analysis

On-Board Diagnostics (OBD) Aftermarket Size, By Component, 2021 – 2032, (USD Billion)

The hardware segment generated highest on-board diagnostics aftermarket revenue in 2022. The introduction of new diagnostics tablets is propelling the hardware segment growth. These advanced tablets offer enhanced capabilities for reading & interpreting vehicle data, conducting comprehensive diagnostics, and providing real-time insights. For instance, in July 2023, Innova Electronics Corporation unveiled the Smart Diagnostic System (SDS) Tablets and the RepairSolutionsPRO app for professional use. As part of Innova's innovative range of automotive solutions, these smart tablet tools and app offer advanced features that enhance diagnostics, streamline the process for automotive technicians, and facilitate better communication between repair shops & customers.

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The fleet management segment held a dominant share in on-board diagnostics aftermarket revenue in 2022. Fleet management relies on OBD solutions to offer real-time vehicle tracking and monitoring capabilities. OBD-equipped vehicles can be tracked on digital maps, enabling fleet managers to monitor their locations, routes, and stoppages. This data assists in optimizing routes, ensuring drivers follow designated paths, and minimizing unauthorized detours. Accurate tracking enhances efficiency, enables timely adjustments & provides valuable insights into driver behavior, leading to better resource allocation and improved operational performance in fleet management.

U.S. On-Board Diagnostics (OBD) Aftermarket Size, 2021 -2032, (USD Million)

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North America on-board diagnostics (OBD) aftermarket accounted for 46% of revenue share in 2022, due to factors such as its robust automotive industry, technological advancements, and strong emphasis on vehicle diagnostics and maintenance. The region's extensive fleet operations, regulatory compliance requirements, and a high awareness of automotive technology drive the adoption of aftermarket OBD solutions. Additionally, the presence of major automotive manufacturers and a mature aftermarket ecosystem further solidify North America's leadership in the market.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

OBD aftermarket industry size reached USD 2.1 billion in 2022 and will record 20.5% CAGR from 2023 to 2032, due to the increasing adoption of remote vehicle diagnostic systems worldwide.

The hardware segment held a dominant share in 2022 and will witness significant CAGR from 2023-2032, on account of the introduction of new diagnostics tablets.

North America market recorded 46% of revenue share in 2022, owing to the robust automotive industry, technological advancements, and strong emphasis on vehicle diagnostics and maintenance in the region.

Autel Intelligent Technology Corp., Ltd., AVL DiTEST GmbH, Azuga Inc. (Bridgestone), Bosch Diagnostic (Robert Bosch GmbH), and CalAmp Corporation, are some of the major companies worldwide.