Home > Automotive > Aftermarket > Maintenance and Service > On-Board Diagnostics (OBD) Aftermarket

Market Size

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

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On-Board Diagnostics (OBD) Aftermarket Market Size

On-Board Diagnostics Aftermarket size was valued at USD 2.1 billion in 2022 and is projected to register a CAGR of 20.5% between 2023 and 2032. The extensive adoption of remote vehicle diagnostic systems using data-based technology is a prominent driving factor for business expansion. The remote diagnostic technology delivers a safety mechanism that enables the control & monitoring of vehicles using a remote operator. It is utilized to make service cycle schedules for vehicles and limit vehicle downtime & breakdowns.

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The ongoing trend of keeping vehicles running seamlessly on the road for longer periods has increased the demand for the market solutions. As vehicles accumulate mileage and age, their performance may degrade, leading to potential issues. OBD aftermarket products & services offer a cost-effective means to diagnose and address these issues. They allow vehicle owners to extend vehicle lifespan by maintaining optimal performance, efficiency, and safety over an extended period.

OBD Aftermarket Report Attributes
Report Attribute	Details
Base Year:	2022
OBD Aftermarket Size in 2022:	USD 2.1 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	20.5%
2032 Value Projection:	USD 13.7 Billion
Historical Data for:	2018 to 2022
No. of Pages:	230
Tables, Charts & Figures:	279
Segments covered:	Vehicle Type, Component, Application
Growth Drivers:	Shifting focus towards remote diagnostics technology Growing trend of automotive Internet of Things (IoT) Increasing global automotive production Growing emphasis on emission control standards Increasing popularity of Usage-based Insurance (UBI)
Pitfalls & Challenges:	Cybersecurity threats and privacy concerns Compatibility and interoperability issues

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The availability of counterfeit OBD aftermarket products poses a significant challenge to the market. With the increasing demand for cost-effective solutions, subpar and counterfeit products can flood the market, undermining consumer confidence. These products lack accurate diagnostics, do not adhere to the safety standards, and can potentially damage vehicles. The presence of such products makes it necessary for consumers to exercise caution and for industry stakeholders to address this issue through quality control measures & regulatory enforcement.

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.