The Global Automotive Diagnostics Market was valued at US$ 45.47 billion in 2021 and is predictable to reach US$ 110.35 billion by 2030 which is projected to attain a CAGR of 10.4% during the forecast period from 2021- 2030.
Automotive diagnostics is the process of identifying the problems affecting the natural operation of vehicles and determining whether the vehicle is running in a proper condition or not. A wide range of techniques and tools such as software, cursory physical checks, system-based analysis, and several hardware components configure devices for the vehicle or automotive diagnostics as the configuration gives you exact details of a certain part. Diagnostic systems are made for vehicles in such a way that problems in a vehicle's engine, transmission, exhaust system, brakes, and other major components are revealed. As well as issues in the performance of fuel injector, airflow & coolant, ignition coils, and throttle are recognized with the help of automotive diagnostics. The development of the automotive industry is projected to mark a certain hike in the upcoming years.
Upsurge in the demand for IoT-based technology, high demand for safety features in vehicles acts, and development of automotive industry, developments in semi-autonomous & autonomous vehicles, and the usage of the multifunctional system globally is driving the automotive diagnostics market. However, the high costs of implementation, frequent troubleshooting, complexities in configuration, and high maintenance of the automotive software are hindering the market growth
The global automotive diagnostics market is fragmented on the basis of Type, Device, Application, and Region. Based on Type, the scope of the report offers On-Board and Off-Board Diagnostic Systems. On the basis of Device, the market is segmented into Hand-Held Tools, Mobile-Based Tools, PC-Based Tools, and Others. The Application segment is bifurcated into Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Electric Vehicles.
Based on regional insights, the global automotive diagnostics market is categorized into North America (US, Canada, Mexico, Rest of America), Asia Pacific (India, China, Rest of Asia Pacific), Europe (UK, Germany, Russia, Rest of Europe) and Rest of the world (Latin America and the Middle East & Africa). Asia Pacific region is anticipated to grow with the highest CAGR during the forecast period.
Prominent players inducing the global automotive diagnostics market are BMW AG, Continental AG, Harman International, Denso Corporation, Magna International, Pioneer Corporation, Delphi Automotive PLC., Robert Bosch GmbH, Snap-On Inc., and Vector Informatik, among others.
Market Segmentation and Scope of the Global Automotive Diagnostics Market
The global automotive diagnostics market is fragmented on the basis of Type, Device, Application, and Region.
Rest of World
Middle East & Africa
Prominent Players in the Global Automotive Diagnostics Market