On-board Diagnostics (OBD) Aftermarket Size in Europe 2020 - Industry Trends Report to 2026

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Europe On-board Diagnostics (OBD) Aftermarket to
Reach USD 1 Bn by 2026 Graphical Research
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European OBD Aftermarket size is anticipated to
surpass USD 1 billion by 2026, according to a
latest forecast report by Graphical Research. The
market growth is driven by rising demand IoT
solutions across the automotive industry. The
growing implementation of the IoT platforms in
the automotive industry is turning vehicles into
a hub of an ecosystem of connected devices which
offer benefits including enhanced safety,
real-time monitoring of vehicle components, and a
user-rich experience. Such type of service is
triggered by the presence of in-built OBD systems
which analyze, monitor, and rectify the problems
or faults in the vehicle components. In Europe,
passenger vehicle segment dominated the market
share of 40 in 2019. Increasing urbanization,
growing population, and changing customer needs
have put pressure on the existing transport
infrastructure. The vehicles manufacturers and
suppliers are likely to increase their offerings
in terms of alternate fuel variants to cater to
the growing customer demands. The passenger
vehicles offer the most convenient mode of
travel, further accelerating the need for
on-board diagnostics devices. In Europe, the
managed service segment is set to register a
growth rate of 20 from 2020 to 2026. The growing
demand among the enterprises to outsource the OBD
services and concentrate on their core business
operations is propelling the demand for
third-party service providers. Intense
competition among the market players and the
growing need to provide enhanced customer
experience is also encouraging vendors to offer a
wide range of professional services to gain
customer loyalty.
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The consumer telematics segment accounted the
market share of over 20 in 2019 due to rising
demand for telematics solutions across the fleet
management companies. The system provides drivers
with real-time feedback on their driving
behavior, such as speed, distance driven and
instances of harsh braking. Other data includes
visual information on how they drive including
live and retrospective feedback on their braking,
cornering, acceleration and idling. Some of the
key vendors in the European On-board Diagnostics
aftermarket include Bosch Diagnostics,
Continental AG, Intel Corporation, Magneti
Marelli S.p.A, TomTom International B.V., Vector
Informatik GmbH, Xirgo Technologies, Verizon
Communications Inc, Mojio, Geotab, Inc., ERM
Electronic Systems LTD, and CalAmp
Corp. Segmentation of Europe On-board
Diagnostics (OBD) Aftermarket Europe Market, By
Vehicle Type Passenger Vehicles Light Commercial
Vehicles (LCV) Heavy Commercial Vehicles
(HCV) Europe Market, By Component Hardware OBD
Scanner OBD Dongle Software PC-based OBD Scanning
Tools Apps (OBD Telematics Platforms)
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Europe Market, By Application Consumer
Telematics Fleet Management Car
Sharing Usage-Based Insurance (UBI) The above
information has been provided for the following
countries Europe UK Germany France Spain Italy Ne
therlands  
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About Graphical Research Graphical Research is
a business research firm that provides industry
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