Onboard Diagnostics (OBD) Aftermarket by Vehicle Type (Passenger Vehicles, Light Commercial Vehicles (LCV), by Component (Hardware, Software [PC-based Software, Apps), by Application (Consumer Telematics, Fleet Management, Car Sharing, Usage Based Insurance (UBI), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The size of the Onboard Diagnostics (OBD) Aftermarket market was valued at USD 3.55 USD Billion in 2023 and is projected to reach USD 13.48 USD Billion by 2032, with an expected CAGR of 21.0% during the forecast period. OBD is a car’s built-in system, which helps it detect and report faults with its engine and other systems. The first generation is the OBD-I which came into the picture around 1982 with minimum data that could be read through the interface, while the second generation abbreviated as OBD-II came into the picture in mid 1990s offered standardized interface with detailed data available. Some of the capabilities of OBD-II include; Real time data monitoring,Reading of trouble codes,Monitoring of emission control. It also applies to automotive applications in maintenance, emissions checks, and fine-tuning of the vehicle as it assist in the discovery of problems and adherence to environmental standards. This system increases the reliability and performance of vehicles by offering valuable information about the working environment all and mechanical failures.
Onboard Diagnostics (OBD) Aftermarket Trends
Vehicle Type:
Component:
Application:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.0% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 21.0% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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