The global automotive diagnostic scan tools market is estimated to be USD 42.0 billion in 2020 and is predicted to reach USD 53.5 billion by 2025, growing at a CAGR of 5.0 % during the forecast period. The increase in the number of automotive workshops in both the organised and unorganised markets is due to the market’s growth. The growing acceptance of diagnostic scan tools is owing to changing market preferences away from manual diagnostics and toward sophisticated automated diagnostics systems.
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Based upon offering type, because of the growing electrification of vehicles, which necessitates technologically advanced diagnostic equipment, the diagnostic software segment is expected to grow at a faster CAGR during the forecast period.
Based upon connectivity, the Wi-Fi segment is expected to grow at the fastest rate during the forecast period, as it allows most vehicles to link to the internet using both Android and iOS.
Based upon tool type, because of its ability to effectively evaluate troubleshooting procedures, the OEM diagnostic segment is expected to grow at the fastest rate during the forecast period.
Based on application, since automotive diagnostic scan tools are effective in detecting any malfunction associated with the vehicle so that the consumer can monitor and repair it, the vehicle tracking segment is expected to grow at the fastest rate during the forecast period.
The global automotive diagnostic scan tools market is being driven by the growing selling of vehicles, strict government regulations aimed at reducing emissions, and the increasing sophistication of automotive electronics. As a result, rising urbanisation in emerging economies is driving up demand for cars in these countries. Diagnostic scan tools are also important for the effective and smooth operation of vehicles, which is a key factor driving the global automotive diagnostic scan tools market. The use of processors and sensors to conform to various features such as vehicle-to-infrastructure (V2I) connectivity, vehicle-to-vehicle (V2V) connectivity, automatic braking, and advanced driver-assistance system (ADAS) makes automotive electronics complex. Automotive electronics are complicated due to the use of processors and sensors to adapt to different features such as vehicle-to-infrastructure (V2I) connectivity, vehicle-to-vehicle (V2V) connectivity, automatic braking, and advanced driver-assistance system (ADAS).
Competitive Insights:
Snap-On Inc., Bosch Automotive Service Solutions Inc., Dg Technologies, Etas GmbH, Dsa Daten- Und Systemtechnik GmbH, Softing AG, Actia Group SA, Hickok Inc., Delphi Automotive PLC, Kpit Technologies, General Technologies Corp, Avl List GmbH, Denso Corp., SPX Corp., and Continental AG.
Recent News:
· Bosch launched the FSA 740 in September 2019, which includes a measurement option for 48V systems as well as an ergonomic trolley. Bosch also offers a measurement framework that includes test routines for 48V on-board systems as well as the technically improved FSA 7-series vehicle system review.
· Continental introduced a new universal service tool for tyre pressure monitoring systems in February 2019. (TPMS). Workshops can use the VDO TPMS Go system to programme all standard global sensors for cars as well as read nearly every TPMS sensor on the market.
· Denso’s vehicle inspection tool, e-Videns, received an upgrade in May 2019 with the inclusion of vehicle reset features. Options for duty interval resets and diagnostic trouble code resets will be included in the improved tool. The update allows technicians to use the same reset functions as OE equipment, removing the need for them to move to other reset equipment.
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