A strong preference for vehicle emissions monitoring and the changing regulatory landscape are driving the on-board diagnostics (OBD) aftermarket forward.
From personal to commercial vehicles, OBD solutions continue to experience demand as the auto industry adopts new technologies
With growing opportunities in areas such as telematics, carsharing and fleet management, the on-board diagnostic aftermarket is expected to reach an annual valuation of $ 4 billion by 2026.
On-board diagnostic technologies are gaining traction throughout North America, specifically in the U.S., in which a vast range of cars are manufactured and sold every year. With the developing function of OBD in telematics and fleet control, the U.S. OBD aftermarket is expected to thrive over the following few years. Supportive regulatory situations selling the need for emission control solutions will create possibilities for companies.
OBD necessities had been first introduced in the U.S. way back 1990s. Today, they practice to all light- and heavy-duty cars under the federal EPA requirements. In July, the California Air Resources Board (CARB) members had unanimously accepted amendments to the OBD policies for light-, medium-, and heavy-duty cars.
User-based Insurance (UBI) is likewise rising as a key area of application for OBD tools to mitigate risk. In March, fleet control software program company Azuga had rolled out the SafetyIQ platform which makes use of AI to analyze telematics records to decrease insurance costs, lessen the range of claims filed, and lower the risk. Technological collaboration of aftermarket players will surely benefit the OBD aftermarket. Upsurge in the adoption of carsharing and UBI offerings is likely to be the trend to support the industry. It is predicted that international UBI market size will surpass $125 billion by 2027, suggesting extraordinary scope for OBD device developers.
How can on-board diagnostics help in EV preservation and repair?
CA, US and EU noticed tremendous EV sales last year. For electric powered cars, on-board diagnostic extends to the need for tracking of charging efficiency, thermal control and every other elements that can impact the overall performance of an electric powered powertrain and general battery life. Remote diagnostics is seen as an appropriate way to help in automobile preservation, due to the fact that EVs are equipped with an array of IoT additives and features strong connectivity solutions.
Since a majority of mechanics and service providers rely upon conventional OBD equipment to cater to fossil-fuel based vehicles, OBD aftermarket agencies have an opportunity to tap the remote diagnostics area at the same time as the EV fashion is amassing pace. A slow shift closer to progressive test equipment is needed to allow service providers to be future-proof. Mobile apps will allow quick access to automobile statistics and let mechanics determine maintenance requirements.
[Ti2] created a complete End of Line (EoL) vehicle diagnostic system for a major auto manufacturer in Australia. To find out more about this previous project, please click here.
Article inspired from autoserviceworld.com
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