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    Asia Pacific On-board Diagnostics (OBD) Aftermarket Forecast 2026 By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)), By Component (Hardware [OBD Scanners, OBD Dongles], Software [PC-based Software, Apps), Service [Training & Consulting, Integration & Maintenance, Managed Service]), By Application (Consumer Telematics, Fleet Management, Car Sharing, Usage-based Insurance [UBI]), Research Report, Regional Outlook (China, India, Japan, South Korea, Australia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: June 2021   |   Report ID: GR1868   |   Delivery: PDF  Request Free Sample

    Asia Pacific On-board Diagnostics Aftermarket size crossed USD 200 million in 2019 and is predicted to witness around 15% CAGR from 2020 to 2026.

    The Asia Pacific OBD aftermarket industry growth is owing to the fact that rapid development in the automobile industry has led to an increase in demand for more efficient vehicle management systems. Due to the increasing complexity of vehicle systems and sub-systems, the use of remote vehicle diagnostic systems with data-driven technology is gaining traction in the automobile industry. The remote diagnostic technology is gaining popularity as vehicle owners need not buy expensive software applications to identify a problem or to rush to a station in case of vehicle malfunctions.

    Asia Pacific Market, By Component

    In the component segment, OBD services are anticipated to grow at a CAGR of 25% through 2026. With growing complexities in vehicles and the swiftly changing technological landscape, it has become mandatory for auto companies to impart training and consulting services to their customers for the efficient use of OBD devices. Auto manufacturers and technology solution providers have designed specialized training courses to provide knowledge to vehicle owners and drivers.

    Asia Pacific Market, By Application

    Asia Pacific OBD Aftermarket

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    Usage-based Insurance (UBI) is estimated to be among the most attractive segments in the regional OBD aftermarket. Presently, UBI and insurance telematics have a huge impact on the insurance industry. Vehicles equipped with telematics devices allow insurance providers to have more precise information to rate drivers’ premiums such as on-road activity including braking and cornering speed or acceleration.

    Asia Pacific Market, By Vehicle Type

    The passenger vehicles segment will observe a growth rate of 18% during the forecast timespan. Passenger vehicles offer the most convenient mode of travel and are likely to witness a surge in demand in the coming years, further accelerating the need for on-board diagnostics devices. New entrants, such as car rental companies and multi-brand service networks, are offering personal mobility solutions, which are expected to present excellent market expansion opportunities.

    Asia Pacific Market, By Country

    The China on-board diagnostics aftermarket is set to gather considerable gains of around 15% till 2026. To combat air pollution and to minimize associated health hazards, the Chinese government is adopting several vehicle emission standards and new action plans to reduce the usage of petrol & diesel cars, thereby supporting the use of OBD systems in alternative fuel vehicles and zero-emission automobiles.

    Competitive Industry Landscape

    Prominent players in the Asia Pacific OBD aftermarket industry include Autel Intelligent Technology Corp., Ltd., Azuga, Inc., Bosch Diagnostics (Robert Bosch GmbH), Continental AG, CalAmp Corporation, Danlaw, Inc., ERM Electronic Systems Ltd. (Ituran), Geotab, Inc., Intel Corporation, Magneti Marelli S.p.A., TomTom N.V., and Verizon Communications, Inc.

    Key vendors are continuously adding innovative features to their OBD offerings along with expanding product functionalities. For instance, in May 2020, TELTONIKA Telematics released a new series of ultra-compact OBD trackers with the Global Navigation Satellite System (GNSS) and Bluetooth Low Energy (BLE) 4.0 functionalities. The devices are 50% smaller compared to the previous products and offer high-performance while being energy efficient.
     


    Frequently Asked Question(FAQ) :

    How big is Asia Pacific on-board diagnostics aftermarket?
    The aftermarket value of on-board diagnostics in APAC surpassed USD 200 million in 2019 and will grow at a strong CAGR of around 15% over 2020-2026 with increasing demand for efficient vehicle management systems.
    Why are ODB services witnessing increased demand in Asia Pacific?
    The on-board diagnostic services segment will expand at a healthy CAGR of around 25% through 2026 in APAC owing to the high demand for training and consulting services.
    What is the impact of passenger vehicles on APAC on-board diagnostics aftermarket sector?
    APAC market share from passenger vehicle segment will expand at a robust CAGR of 18% up to 2026 with increasing presence of car rental companies and multi-brand service networks.
    How will China on-board diagnostics aftermarket industry expand up to 2026?
    The aftermarket for on-board diagnostics in China will expand at around 15% growth rate through 2026 owing to the demand to minimize the extent of pollution caused by vehicles.

    Get this research report on Asia Pacific On-board Diagnostics Aftermarket customized according to your business requirements.

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