Remote Car Diagnostics 2025 – NEW YORK, Jan. 2022 // — The Automotive On-Board Diagnostics (OBD) market is divided into three segments based on product (smart security systems, smart EMS, HVAC control systems, smart lighting systems and audio-video conferencing systems) and and geography (APAC, North America, Europe, South America, and MEA). The market share is expected to increase by $27.63 billion from 2020 to 2025, and the market growth will increase at a CAGR of nearly 17%.
The Automotive on-board diagnostics (OBD) market is classified by Technavio as part of global IT consulting and other marketing services. The Automotive on-board diagnostics (OBD) market is classified as part of the global automotive and equipment industry by Technavio. External factors influencing the growth potential of the parent market in the coming years have been extensively evaluated in our research analysis and will determine the growth rate of the Automotive onboard diagnostics (OBD) market during the forecast period.
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Technavio uses total revenue generated by manufacturers to estimate the market size of the automotive onboard diagnostics (OBD) market. The external factors influencing the growth potential of the automotive on-board diagnostics (OBD) market in the coming years have been thoroughly investigated in our research analysis, to know more about the growth rate of the automotive on-board diagnostics (OBD) market during the forecast period, Download a free sample. ,
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To maximize profit margins and evaluate business strategies, a thorough understanding of automotive onboard diagnostics (OBD) is required. This report will help retailers drive costs and improve customer service during forecasting.
The automotive on-board diagnostics (OBD) market is fragmented, and vendors are using various organic and inorganic growth strategies to compete in the market. To make the most of the opportunities, market traders should focus more on the growth prospects of the fastest growing sectors while maintaining their positions in the fastest growing sectors.
We provide a detailed analysis of vendors operating in the automotive on-board diagnostics (OBD) market, including several vendors such as Autel Intelligent Technology Co., Continental AG, Daimler Trucks North America LLC (Detroit Diesel Corp.), DENSO Corp. , HELLA GmbH and Co. KGaA, Innova Electronics Corp., Intel Corp., Robert Bosch GmbH, Vector Informatik GmbH, Verizon Communications Inc.
Backed by competitive intelligence and benchmarking, our automotive on-board diagnostics (OBD) market research report is designed to provide entry support, customer profiling and M&A and go-to-market strategy support.
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Automotive on-board diagnostics (OBD) market forecast report provides in-depth information on key vendor profiles and offerings – Download Free Sample Report
The growth of the automotive on-board diagnostic (OBD) market in North America will be significant during the forecast period. The US is the leading market for automotive onboard diagnostics (OBD) in North America. Market growth in this region will be slower than market growth in South America, MEA and APAC regions.
The automotive on-board diagnostics (OBD) market in North America will benefit from brand updates and new business models aimed at creating additional revenue streams for OEMs. Regarding OBD connectivity, integrated display systems and telematics, the firm is leading the way. As a result, remote vehicle diagnostics has established itself as a complement to standard OBD and as part of an integrated car solution, which includes various telematics applications and services. Improved brands and improved business models aimed at creating additional revenue streams for OEMs will drive business in this area.
Moreover, the US is the leading producer of automotive on-board diagnostics (OBD), due to the increase in features and new business models aimed at developing additional revenue for OEMs in the region.
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Auto insurance firms are looking for ways to help the accuracy of insurance claims as the complexity of vehicles increases. Usage-based insurance (UBI) is one such strategy that is gaining traction among insurance companies. Insurance providers set insurance premiums based on a driver’s driving patterns in this way. UBI is popular in Europe and the United States, and insurers are benefiting from it. The use of telematics and OBD has helped in obtaining adequate data, generating accurate data based on usage. This helps insurance companies in setting market rates.
Remote diagnostics is a useful tool as it helps in preventive maintenance and planning vehicle service cycles, reducing downtime and breakdowns. Remote diagnostics are becoming more common among OBD system manufacturers. This is due to the increasing demand for these systems among passengers and commercial vehicle drivers.
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Autel Intelligent Technology Co., Continental AG, Daimler Trucks North America LLC (Detroit Diesel Corp.), DENSO Corp., HELLA GmbH and Co. KGaA, Innova Electronics Corp., Intel Corp., Robert Bosch GmbH, Vector Informatik GmbH and Verizon Communications Inc.
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Parent market analysis, Market growth drivers and restraints, Fast and slow segment analysis, COVID-19 impact and recovery analysis and future customer changes, Market status analysis during the forecast period.
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