The on-board diagnostics (OBD) aftermarket share is expected to attain a valuation of USD 12 billion by 2030. Modern tracking solutions are offering new features to facilitate the process of fleet management. Technological advancements based on data sharing are improving the pace of daily operations. With the increasing adoption of autonomous vehicles and mobility-as-a-service (MaaS) mechanisms for remote fleet monitoring.
Vehicle telematics has gained significant importance in the transportation industry, especially during the COVID-19 pandemic. Advancements in on-board diagnostics and GPD tracking technology are evolving with improved efficiencies, paradigm shifts, and reduced costs while enhancing driver safety.
Request for a sample copy of this research report @ https://www.gminsights.com/request-sample/detail/2839
Technological advancements in heavy commercial vehicles to expand industry growth
With the growing importance of vehicle digitization and software, automakers are integrating advanced technologies to increase the autonomy of vehicles.
Manufacturers of heavy commercial vehicles (HCVs) are integrating Advanced Driver Assistance Systems (ADAS) with next-gen technologies such as Forward Collision Warning System (FCWS) and Forward Collision Mitigation System (FCMS). ADAS applications also include Blind Spot Detection System (BSD), Adaptive Cruise Control (ACC), Lane Change Assist, and Departure Warning Systems which are essential in long-haul transportation, thereby promoting on-board diagnostics aftermarket growth.
Strategic mergers and acquisitions from key players to enhance market dynamics
Many key players operating in the OBD aftermarket industry are becoming increasingly focused on making strategic moves, like mergers and acquisitions, to expand their product portfolio and boost their overall presence in the global business landscape.
For instance, In March 2021, Azuga Inc completed the acquisition of Ohio-based data infrastructure firm Mobikit, with the intention of allowing the company to reinforce its risk management and analytics capabilities. Therefore, strict emission standards, technological advancements, and expansive growth of the automotive sector are expected to contribute significantly to OBD aftermarket growth over the years ahead.
Browse report summary @ https://www.gminsights.com/industry-analysis/on-board-diagnostics-obd-aftermarket
Surging expansion of the automotive industry to boost product demand in the Middle East & Africa
Many OBD manufacturers are expanding their businesses in the MEA region to strengthen their market position. In March 2022, Swedish EV maker Polestar announced its plan to enter the United Arab Emirates (UAE) with its new fully-electric Polestar 2 model equipped with advanced OBD features, thus pushing product sales in the region.
Moreover, automotive brands are at the forefront of implementing smart mobility in the Middle East region to create a sustainable future. For instance, the Roads and Transport Authority (RTA) of Dubai recently announced its intention to have zero-emission public transport in the city. Such regulatory initiatives and business activities will boost the regional automotive industry’s commitment to carbon neutrality and in turn increase the adoption of OBD products.
Global On-board Diagnostics (OBD) AfterMarket growth will be positively affected by the notable presence of reputed organizations, such as Autel Intelligent Technology Corp., Ltd., AVL Ditest, Azuga, Bosch Diagnostics, CalAmp, Continental AG, Danlaw, Inc., ERM Electronic Systems LTD, Geotab Inc., HeLLA GmbH & Co. KGaA, Innova Electronics Corporation, Intel Corporation
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected]
Web: https://www.gminsights.com/