NEW YORK , July 25, 2024 /PRNewswire/ -- The global automotive OBD dongle market size is estimated to grow by USD 87.87 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 18.
52% during the forecast period. Usage-based insurance (UBI) model to drive utility value of OBD dongles is driving market growth, with a trend towards advanced analytics on telematics data to reduce risk severity. However, privacy and hacking concerns with onboard diagnostics poses a challenge.
Key market players include AutoPi.io ApS, BAFX Products, BorgWarner Inc., Continental AG, Danlaw Inc.
, Geotab Inc., Huawei Technologies Co. Ltd.
, Intel Corp., iWave Systems Technologies Pvt. Ltd.
, Legion Autodata JSC, Moj.io Inc., OBD Solutions LLC, Prizmos Ltd.
, Robert Bosch GmbH, ShenZhen CheBoTong Technology Co. Ltd., TomTom NV, Veepeak, Verizon Communications Inc.
, Zubie Inc., and Zymbia Interactive Technologies Pvt. Ltd.
. Get a detailed analysis on regions, market segments, customer landscape, and companies - Click for the snapshot of this report Key Market Trends Fueling Growth In the automotive industry, data transparency and personalized solutions are becoming key priorities for both Original Equipment Manufacturers (OEMs) and insurers. With growing concerns around data privacy and security, some customers are hesitant to adopt connected features in their vehicles.
To address these concerns, OEMs are partnering with telecom service providers to apply advanced analyt.