MarketersMEDIA / Newsroom / Global Automotive Diagnostic Scan Tools Market is expected to reach $63.66 billion 2027 growing at a CAGR 6.2% during 2018 to 2027.

Global Automotive Diagnostic Scan Tools Market is expected to reach $63.66 billion 2027 growing at a CAGR 6.2% during 2018 to 2027.

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Some of the key players in Automotive Diagnostic Scan Tools Market include Actia Group SA, Avl List GmbH, Continental, Delphi, Denso, Etas GmbH, Fluke Corporation, General Technologies Corp, Hickok Inc, Kpit Technologies, Robert Bosch, SGS, Siemens, Snap-on, Softing AG and SPX Corp.

— Some of the key factors propelling the market growth are rising complexity of automotive electronics especially in connected cars and advancements in the vehicle technology. However, high cost of the tools is the restraining factor for the growth of the market.

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Automotive diagnostic scan tools are a synergy of electronic devices and software that is used as interface with diagnostic systems in automobiles. The significance of diagnostic scan tools in vehicles is increasing rapidly owing to the shift in consumer preference towards advancement and sophisticated automatic diagnostics tools from manual system. Automatic diagnostic scan gears are used for the reason of analyzing and detecting the failure of electronic systems in automobiles. Hence, this is very essential for automobile users to repair the problems in automobiles. These tools also allow the up gradation and reprogramming of control elements in vehicles. With the advancing technology, there has been evolution in diagnostic scan equipment, just like any other automotive gears. Nowadays, diagnostic scan apparatus are more sophisticated and highly efficient, which can examine complex programs while performing diagnostics in the automobile’s powertrain, chassis and body. These tools are mainly used in service locations for all types of vehicles ranging from light commercial vehicles to heavy commercial vehicles.

By vehicle type, passenger cars segment is expected to grow at the significant market share during the forecast period due to increasing sales of passenger cars globally is responsible for the exponential increase of the automotive diagnostic scan tools market. Also, the growing stringency of mandates related to emissions and vehicle safety performance in several countries is inflating the demand for automotive diagnostic scan tools.

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On the basis of geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to rising adoption of passenger vehicles and improving per capita income in countries such as China, India, and Indonesia. Besides, growing concerns over degrading air quality and ambitious government plans such as vehicle electrification and ban on diesel vehicles to meet the air quality standards in future are supporting the market growth in the region.

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Offering Types Covered:
• Diagnostic Software
• Diagnostic Equipment/Hardware
• Diagnostic Services
• Automotive Diagnostic Scan Tool Technology

Propulsions Covered:
• Internal Combustion Engine Vehicles
• Electric Vehicles

Connectivity’s Covered:
• Universal Serial Bus
• Wireless Fidelity (Wi-Fi)
• Bluetooth

Vehicle Types Covered:
• Passenger Car
• Commercial Vehicles
• Non-Commercial Vehicles

Handheld Scan Tools Covered:
• Battery analyzer
• Code readers
• Digital pressure tester
• Handheld Tread Reader
• Scanners
• TPMS tools

Workshop Equipment Types Covered:
• DIY Diagnostic
• Dynamometer
• Engine Analyzer
• Exhaust gas analyzer
• Fuel Injection Diagnostic
• Headlight Tester
• OEMs Diagnostic
• Paint scan equipment
• Pressure Leak Detection
• Professional Diagnostic
• Wheel alignment equipment

Technologies Covered:
• Catalyst Monitoring
• Comprehensive Component Monitor
• Delta Industrial Automation (DTC) & Service Information Standardization
• Evaporative Purge System Monitoring
• Exhaust Gas Recirculation (EGR) Monitoring
• Fuel System Monitor
• MIL Illumination
• Misfire Monitoring
• Oxygen Sensor Monitor
• Secondary Air System Monitoring
• Stored Engine Freeze Frame Data

Applications Covered:
• Vehicle Tracking
• Vehicle Health Alert & Roadside Assistance
• Repair and Maintenance
• Emission Control
• Automatic Crash Notification

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Source URL: https://marketersmedia.com/global-automotive-diagnostic-scan-tools-market-is-expected-to-reach-6366-billion-2027-growing-at-a-cagr-62-during-2018-to-2027/88955021

Source: MarketersMedia

Release ID: 88955021

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