With the continuous improvement of automotive electronics and intelligence, automotive diagnosis has become more important. The car will form a digital ecosystem. In the future, the intelligent diagnosis computer for automobiles will open information ports through the combination of cloud platform and big data technology, and introduce auto aftermarket ecosystem resources to output a full range of automobile health condition.
The Sixth National Standard Promotes the OBD Market
The National Sixth Standard strengthens vehicle environmental protection emission requirements and environmental monitoring level requirements, which involve the installation and upgrade of vehicle OBD, which is a pollution control device used to monitor the working conditions of the vehicle emission system, and diagnose and prompt faults. The National VI policy requires all heavy, medium, and light truck vehicles to be equipped with environmentally friendly OBD and other monitoring equipment. All models will be covered on July 1, 2021. According to the previous national policy requirements, the heavy-duty truck driving recorder is currently 100% pre-installed.
The Popularization of Tire Pressure Monitoring System Is Accelerated
The tire pressure monitoring system will gradually become popular. By installing sensors that monitor tire status on each wheel of the vehicle, it can measure and record safety data such as tire pressure and temperature in real-time, and access the vehicle's built-in or external instruments through radio frequency. A system that prompts data changes and driving safety status. TPMS can effectively prevent puncture accidents, improve vehicle safety, and keep the tires in the best condition at all times, ensuring fuel economy and tire life. TPMS has been widely recognized for its good safety and energy-saving functions, and the United States, Europe, and China have successively passed legislation to list it as the standard equipment for vehicles.
The Automotive Diagnostic Analysis Market in the US and Europe Maintains Steady Growth
A large number of vehicles in the United States and Europe, the continuous increase in vehicle age, strict regulations on on-board diagnostic systems, the integration of auto repair formats, and the improvement of vehicle electronics and intelligent technology have promoted the continuous growth of the automotive diagnostic analysis product market in the United States and Europe.
In 2018, the overall output value of the U.S. automotive aftermarket industry reached 296 billion U.S. dollars, of which the output value of automotive services including automotive intelligent diagnostic testing reached 101.9 billion U.S. dollars, accounting for approximately 34%. From 2013 to 2018, the compound annual growth rate of the US automotive diagnostic analysis market was maintained at 5.75%. During the same period, the compound growth rate of the automotive diagnostic analysis market in Europe and China remained at 4.75%.
The Global Automotive Diagnostic Market Faces Development Opportunities
The trend of digitization and network connection generates new demand and rebuilds the market space of the industry. At present, the global automotive diagnostic market is still in its early stage of development, and the product technology and industry scale have not yet formed a stable situation. From a global perspective, global on-board diagnosis system the size of the market in 2025 is expected to reach $2.69 billion, the north American market share will be in the first place, thanks to the north American market of technical progress of transportation infrastructure, smart phones, high permeability, the cloud technology in the north American market promotion, as well as north American car and parts enterprises booster.
China's Automotive Diagnostic Analysis Market Grows Faster
Since 2007, the process of China's automobile industrialization has further accelerated, and the growth rate of China's car ownership has been relatively rapid, resulting in a continuous increase in the number of cars tested by national automobile inspection stations. As of the end of 2019, there were 261.5 million civilian vehicles nationwide. Data show that in 2018, the market size of my country's automobile inspection system is about 30.65 billion yuan, and in 2019, the market size of my country's automobile inspection system is about 34.6 billion yuan. The overall development level of my country's automobile diagnostic analysis industry is still relatively low, and the market potential needs to be vigorously explored. The automotive diagnostic analysis market will be largely affected by the development of the automotive industry, automotive aftermarket, and auto repair industry, and its own scale is in an upward path with the development of the above-mentioned industries.
The number of domestic repair shops and employees is three to four times that of the United States. This is mainly due to the low level of development of China's auto repair organizations, and many repair shops and employees do not have electronic and centralized auto repair equipment and Capacity, the current dynamic market for automotive intelligent diagnosis and testing products is relatively small, but based on the proportion of the mature market in the United States, China has a large stock space, a large market development potential and a state of continuous growth.
The Product Information Database Has A Prominent Position with High Intellectual Property Barriers
Due to the high technical threshold of the automotive intelligent diagnosis and testing industry and the strong brand awareness of users, industry participants need to have strong technology and scale strength, and the overall industry concentration is relatively high. In addition, because industry participants need to accumulate and optimize various types of communication protocols and related data such as various automobile brands and models in the global market competition, form their own unique information database and core algorithm library to ensure Accuracy, feedback response and other aspects can well meet the needs of the market. At the same time, it does not rely on the technology license of the original car manufacturer and third parties, so it has a strong intellectual property barrier.
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