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The on-board diagnostics (OBD) aftermarket share is expected to attain a valuation of USD 12 billion by 2030. Modern tracking solutions are offering new features to facilitate the process of fleet management. Technological advancements based on data sharing are improving the pace of daily operations. With the increasing adoption of autonomous vehicles and mobility-as-a-service (MaaS) mechanisms for remote fleet monitoring.
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On-board Diagnostics (OBD) AfterMarket Revenue Outlook, Segmentation and Key Trends to 2030
Industry Insights • The on-board diagnostics (OBD) aftermarket share is expected to attain a valuation of USD 12 billion by 2030. Modern tracking solutions are offering new features to facilitate the process of fleet management. Technological advancements based on data sharing are improving the pace of daily operations. With the increasing adoption of autonomous vehicles and mobility-as-a-service (MaaS) mechanisms for remote fleet monitoring. • Vehicle telematics has gained significant importance in the transportation industry, especially during the COVID-19 pandemic. Advancements in on-board diagnostics and GPD tracking technology are evolving with improved efficiencies, paradigm shifts, and reduced costs while enhancing driver safety.
With the growing importance of vehicle digitization and software, automakers are integrating advanced technologies to increase the autonomy of vehicles. • Manufacturers of heavy commercial vehicles (HCVs) are integrating Advanced Driver Assistance Systems (ADAS) with next-gen technologies such as Forward Collision Warning System (FCWS) and Forward Collision Mitigation System (FCMS). ADAS applications also include Blind Spot Detection System (BSD), Adaptive Cruise Control (ACC), Lane Change Assist, and Departure Warning Systems which are essential in long-haul transportation, thereby promoting on-board diagnostics aftermarket growth. • Many key players operating in the OBD aftermarket industry are becoming increasingly focused on making strategic moves, like mergers and acquisitions, to expand their product portfolio and boost their overall presence in the global business landscape. • For instance, In March 2021, Azuga Inc completed the acquisition of Ohio-based data infrastructure firm Mobikit, with the intention of allowing the company to reinforce its risk management and analytics capabilities. Therefore, strict emission standards, technological advancements, and expansive growth of the automotive sector are expected to contribute significantly to OBD aftermarket growth over the years ahead.
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Regional Analysis • Many OBD manufacturers are expanding their businesses in the MEA region to strengthen their market position. In March 2022, Swedish EV maker Polestar announced its plan to enter the United Arab Emirates (UAE) with its new fully-electric Polestar 2 model equipped with advanced OBD features, thus pushing product sales in the region. • Competitive Analysis • Global On-board Diagnostics (OBD) AfterMarket growth will be positively affected by the notable presence of reputed organizations, such as Autel Intelligent Technology Corp., Ltd., AVL Ditest, Azuga, Bosch Diagnostics, CalAmp, Continental AG, Danlaw, Inc., ERM Electronic Systems LTD, Geotab Inc., HeLLA GmbH & Co. KGaA, Innova Electronics Corporation, Intel Corporation Request for Customization @ https://www.gminsights.com/roc/2839
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