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Europe On-board Diagnostics (OBD) Aftermarket to Reach USD 1 Bn by 2026

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.

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Europe On-board Diagnostics (OBD) Aftermarket to Reach USD 1 Bn by 2026

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  1. Europe On-board Diagnostics (OBD) Aftermarket to Reach USD 1 Bn by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. 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. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Get sample copy of this research report @ https://bit.ly/3dryHLo Request for customization @ https://bit.ly/3drhli5 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. 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) ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. 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 • Netherlands ©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  Phone:1-800-986-6917Email:sales@graphicalresearch.com Web: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  7. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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