Automotive On-Board Diagnostics Market Size to Grow by USD 27.63 billion | Technavio
Technavio offers additional highlights related to the market growth. Download Free Sample Report
The adoption of UBI using OBD as a measurement parameter is driving the growth of the automotive on-board diagnostics (OBD) market. The automotive insurance industry is expected to grow with the rise in vehicle production globally. With the increase in complexity of vehicles, automotive insurance providers are exploring options to achieve accuracy in insurance claims. Usage-based insurance (UBI) is gaining popularity among insurance providers, wherein insurance providers define the premium for the insurance subscription based on the driving patterns of drivers. UBI is popular in
Looking for more factors impacting the growth of the market? Request Free Sample Report
The increase in cost for integration of telematics will challenge the automotive on-board diagnostics (OBD) market during the forecast period. The growth of the global automotive OBD market can be largely attributed to the market dynamics of telematics applications and services. OBD services are a part of bundled offerings of connected car services. The market for OBD centers on the low costs (incurred by the customer and OEMs per vehicle) because such applications use the same TCU and hardware components of other connected car offerings. Therefore, a subscription pricing strategy will play a crucial role in the expansion of OBD services. However, the reluctance of the customers to pay for such a service poses a significant challenge for the market growth. Such customer attitudes prevail in the mass market segment.
Get lifetime access to our Technavio Insights. Subscribe now to our most popular "Lite Plan" billed annually at
By product, the market has been segmented into allied services and OBD ports. The allied services segment will have significant market share growth during the forecast period.
By geography, the market has been segmented into
Know more about the contribution of each segment of the market, Download a Free Sample Report
Related Reports:
|
|
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 17% |
|
Market growth 2021-2025 |
|
|
Market structure |
Fragmented |
|
YoY growth (%) |
13.16 |
|
Regional analysis |
|
|
Performing market contribution |
|
|
Key consumer countries |
US, |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
|
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Allied services - Market size and forecast 2020-2025
- OBD port - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
North America - Market size and forecast 2020-2025Europe - Market size and forecast 2020-2025- APAC - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
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.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
US: +1 844 364 1100
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
MD&A Year End 2021
Long-Term Care Insurance Association Launches New Linked Benefit Resource Center
Advisor News
- The overlooked retirement security risk that must be addressed
- What advisors should know about hedge funds in retirement planning
- Retirement control is top success measure for middle class, ACLI says
- Industry groups applaud House passage of Financial Exploitation Prevention Act
- Younger workers more likely to be eligible for a retirement plan after changing jobs
More Advisor NewsAnnuity News
- MassMutual Ranks No. 100 on the 2026 Fortune 500® List
- What’s fueling record annuity growth?
- Jackson Named InvestmentNews 2026 Annuities Provider of the Year
- State Farm’s agency overhaul: What distribution can learn
- IRI, ACLI express support for CLEAR Forms Act
More Annuity NewsHealth/Employee Benefits News
- Affordable healthcare emerges as a voter priority in purple Nevada
- 16,000 new moms to benefit from expanded Medicaid coverage starting Wednesday
- Illinois Medicaid patients can wait more than a year for critical dental care due to low reimbursements
- HAFA praises bill to establish multifactor authentication for ACA enrollees
- Corvese, Famiglietti bill to protect patients’ insurance rights signed into law
More Health/Employee Benefits NewsLife Insurance News
- NAIFA praises House committee approval of Clarity for Compensation Act
- PHL Variable liquidation pushed out to 2027, Connecticut regulators say
- ‘Recession-Proof’ Insurance Is Trending. Safety Net or Scam?
- Winged Keel Group Expands National Presence and PPLI Leadership, Welcomes SBSI, Inc. (dba NFP Insurance Solutions)
- MassMutual Ranks No. 100 on the 2026 Fortune 500® List
More Life Insurance News