Technavio has published a new report on the global automotive on-board diagnostics market from 2017-2021. (Graphic: Business Wire)
Technavio has published a new report on the global automotive on-board diagnostics market from 2017-2021. (Graphic: Business Wire)
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LONDON—Technavio’s latest market research report on the global automotive on-board diagnostics (OBD) market provides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
The global automotive OBD market is expected to grow at a CAGR of close to 16% during the forecast period. Currently, the US and Europe are the largest markets for OBD, however, the market is expected to witness exponential growth in emerging countries. These countries will adopt regulations enforcing mandatory OBD systems and stringent emission norms, which will lead to the growth of the market.
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The top three emerging market trends driving the global automotive on-board diagnostics market according to Technavio research analysts are:
- Growing focus on remote diagnostics
- Shift in focus from OBD hardware to OBD software
- Integration with telematics
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Growing focus on remote diagnostics
Remote OBD systems diagnose a fault or a potential malfunction in the component of a vehicle and transmit the relevant trouble codes to a remote data center. The data center then collects the data in usual software or application compatible formats that help interpret the data and send them across to the respective driver or technician. Remote diagnostics is a valuable tool as it helps in preventive maintenance and scheduling vehicle service cycles, which helps in reducing vehicle downtime and breakdowns.
According to Siddharth Jaiswal, a lead analyst at Technavio for automotive electronics research, “The use of remote diagnostics is gaining popularity among OBD system manufacturers. This can be attributed to the increasing demand for these systems from fleet operators of both passenger as well as commercial vehicles.”
Shift in focus from OBD hardware to OBD software
The shift in focus of car diagnostic tool manufacturers from OBD terminal to software interface is an emerging trend influencing market growth. The market is witnessing significant innovations in the field of embedded software to enhance connectivity concepts and user experience of OBD systems. Software developers are exploring cloud platform and big data analytics to interpret data provided by the OBD systems for greater accuracy.
“OBD system manufacturers are more inclined toward investing in software, which will provide end-to-end solutions for preventive maintenance through the concept of connected car. This concept allows the software to extract, analyze, and transmit data from the vehicle's OBD system to the driver's server-side endpoints, in any format requested, enabling the driver to integrate vehicle, accelerometer easily, and location data into mobile applications,” says Siddharth.
For instance, in 2015, Velio, a connected car solution provider, collaborated with Carvoyant, an automotive software provider, to develop an application programming interface (API), which will serve as a platform for developing new software that will integrate the OBD system with other devices such as smartphones.
Integration with telematics
The players in the automotive OBD systems market are focusing on the development of integrated OBD telematics. An OBD telematics system usually includes the OBD terminal and OBD software. This is the platform for communication between the equipment and the driver or technician.
With the introduction of smartphone connectivity with the vehicle, many companies are developing mobile software applications that integrate with the vehicle's OBD system. It also includes cloud platforms where the data collected from the OB systems is transmitted to a remote cloud platform where the data is interpreted, and relevant information is passed on to mobile applications. As the overall telematics market is at a nascent stage, many OBD providers are focusing on leveraging this technology and integrating OBD telematics system in vehicles.
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