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Automotive On-board Diagnostics (OBD) Market to grow by $ 27.63bn | Key Drivers and Trends | Technavio

21-Jan-2022 | Alaska | News-Press Release

According to Technavio, the automotive on-board diagnostics (obd) market size is expected to value at $ 27.63 bn during 2021-2025. The market sizing analysis in the report reveals that the market growth will progressing at a CAGR of over 17%. The report offers exclusive detailed COVID-19 impact study, which majorly highlights  vendor performance and new business opportunities during and post pandemic period.



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Automotive On-board Diagnostics (OBD) Market Trends & Drivers

The automotive on-board diagnostics (obd) market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as increase in electronic content in vehicles, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.  

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The automotive on-board diagnostics (obd) market has also explored key trends such as growing focus on remote diagnostics, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.

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Automotive On-board Diagnostics (OBD) Market: Segmentation Analysis

This market research report segments the automotive on-board diagnostics (obd) market by Product (Allied services and OBD port) and Geography (North America, Europe, APAC, South America, and MEA).

The North America region led the automotive on-board diagnostics (obd) market in 2021, followed by Europe, APAC, South America, and MEA respectively. During the forecast period, the North America region is expected to register the highest incremental growth due to factors such as .

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A few of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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