Overheard: On-Board Diagnostics Aftermarket To Hit $4 B By 2026

Overheard: On-Board Diagnostics Aftermarket To Hit $4B By 2026

Demand to monitor engine performance and report real-time vehicle status expected to support market growth.

Global Market Insights recently added a new report on the OBD aftermarket, which estimates the industry valuation will cross $4 billion by 2026. The growing demand to monitor the performance of the major engine components and reports the real-time status of the vehicle from vehicle owners is expected to support the market growth. The OBD scanner segment is witnessing a steady growth in the on-board diagnostics market from 2020 to 2026. The use of OBD systems for fleet management applications also is projected to increase substantially from 2020 to 2026. Factors including operational efficiencies, growing environmental concerns, and decreasing hardware and connectivity costs of the vehicles are supporting the technology adoption. 

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