Asia Pacific On-Board Diagnostics (OBD) Aftermarket to Cross USD 900 Mn by 2026

1. Asia Pacific On-Board Diagnostics (OBD) Aftermarket to grow at 15% CAGR from 2020 to 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

2. Asia Pacific On-Board Diagnostics (OBD) Aftermarket is set to grow at a significant pace through 2026. OBD, or On-Board Diagnostics, is a groundbreaking technology that enables a car to diagnose and submit trouble codes. Asia Pacific is home to 60% of the world's population. China and India are among the fastest-growing economies terms of population size. Given the region's robust industrialization, it's no wonder that Asian economies and industries are seeing technological transformation. The automobile sector is a sphere that demands constant evolution. As the population grows, so does the demand for efficient mobility. For instance, India has been facing high levels of pollution in major cities, with rising automobile exhaust emissions playing a key role. The OBD system was initially implemented in India in 2010, and according to the most recent BS6 regulation, all vehicles produced after April 2020 must be equipped with the OBD 2 system. This development is likely to mark APAC on-board diagnostics aftermarket trends. Azuga Inc., Autel Intelligent Technology Corp. Ltd., Bosch Diagnostics (Robert Bosch GmbH), CalAmp Corporation, ERM Electronic Systems Ltd. (Ituran), Continental AG, Danlaw Inc., and Intel Corporation are among the leading On-Board Diagnostics (OBD) aftermarket companies in Asia Pacific. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

3. Get sample copy of this research report @ https://bit.ly/3Sv88rU China on-board diagnostics (OBD) aftermarket share is expected to grow at a rate of approximately 15% through 2026. The country swarmed the regional passenger car production, producing a staggering 19.99 million passenger cars in 2021. The Chinese government is adopting several vehicle emission standards and new action plans to reduce the use of petrol and diesel cars, thereby supporting the on-board diagnostics aftermarket in Asia. The China 6 OBD standard came in effect in July 2020. Recent reports suggest that Chinese manufacturing firms such as BYD Auto co. Ltd are expected to overtake American manufacturers such as Tesla in the electric car market. OBD systems are also utilized for fleet management and driver activity tracking. Accurate real-time insights enable remote monitoring of distance, speed, time, route, idle, and other parameters, allowing for maximum fleet efficiency. Through an analysis of driving patterns, all potential dangers can be monitored. Advanced technology aiding in detection of severe driving behaviors such as excessive speeding, rushed braking, engine revving, and so on, will enable fleet efficiency and reduce operational costs. Drivers are urged to drive safely, with the aim to lessen the chance of an accident. Usage-based Insurance (UBI) is expected to be one of the most appealing areas in the regional for On-Board Diagnostics (OBD) aftermarket. UBI and insurance telematics are now having a significant influence on the insurance business. With increasing reliance on electronics in vehicles, the demand for a computerized fault detection system is growing, scaling up demand across APAC On-Board Diagnostics (OBD) aftermarket forecast. Request for customization @ https://bit.ly/3zsyDoW ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

4. For example, the on-board diagnostics-II (OBD-II) dongle from Intel transforms almost any car into a linked device capable of real-time data processing and feedback. A driver's insurance premium can be reduced in real time for safe driving, and first responders can deploy workers more effectively. Such technologies can be expected to be seen in cars sold across Asia Pacific. • Despite the fact that the COVID-19 pandemic has had a significant impact on the automobile sector, the pandemic is offering revenue generation opportunities through IT revolution. Drivers are expected to benefit from lower insurance premium rates depending on the distance they travel using telematics. Several key players in Asia Pacific on-board diagnostics aftermarket are using car data to provide value-added services to vehicle owners. • Segmentation of Asia Pacific On-board Diagnostics (OBD) Aftermarket: • Asia Pacific Aftermarket, By Component • Hardware • OBD Scanner • OBD Dongle • Software • PC-based Software • Apps • Service • Training & Consulting • Integration & Management • Managed Service ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

5. Asia Pacific Aftermarket, By Vehicle Type • Passenger Vehicles • Light Commercial Vehicles (LCVs) • Heavy Commercial Vehicles (HCVs) • Asia Pacific Aftermarket, By Technology • Consumer Telematics • Fleet Management • Car Sharing • Usage-based Insurance (UBI) • The above information has been provided for the following countries: • Asia Pacific • China • India • Japan • South Korea • Australia ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

6. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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