Vehicle Diagnostics System Market Size & Share - Industry Trend and Forecast 2017 - 2025

The report analyzes and presents an overview of "Vehicle Diagnostics System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017 - 2025" worldwide.

The main objective of this report is to define, describe, and forecast the global “Vehicle Diagnostics System” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.

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Global Vehicle Diagnostics System Market: Overview

Vehicle diagnostics system market involve the usage of robust diagnostic solutions required for the repair and maintenance of complex electrical & electronics systems and sensors, which enable the vehicle to function properly. It is a system by virtue of which a vehicle is capable of self-diagnostic and reporting capability. Vehicle diagnostics system is basically a part of auto service and is primarily used in vehicle service stations. Vehicle diagnostics system helps identify and assess problems associated with the vehicle that are likely to negatively affect the overall operational efficiency and performance. For running a vehicle diagnostics, a scanner is plugged into a port in the vehicle that identifies the flaws, if present, in various components of the vehicle such as powertrain, chassis, body, etc.

Global Vehicle Diagnostics System Market: Drivers and Restraints

Increasing production volume of vehicles is expected to drive the vehicle diagnostics system market during the forecast period. Increasing awareness among consumers, vehicle manufacturers, as well as vehicle service providers regarding vehicle safety and security in recent years is anticipated to further boost the vehicle diagnostics system market in the near future. Rising demand for premium segment of passenger cars owing to the increasing consumer preference for luxury cars equipped with advanced high-tech features is anticipated to fuel the vehicle diagnostics system market during the forecast period.

However, vehicle diagnostic systems market alone are not entirely sufficient for resolving all the issues associated with vehicles. Certain minor mechanical problems are likely to be present in the vehicle, for which the vehicle diagnostics system may not necessarily show an error. For example, vague rattles and other noises, inexplicable loss in fuel efficiency, and steering that pulls to one side or another are few minor flaws that are not detected by vehicle diagnostic systems and essentially require the expertise of a skilled operator or mechanic to resolve them. These minor drawbacks of vehicle diagnostic systems are expected to hamper the vehicle diagnostics system market to some extent during the forecast period.

Global Vehicle Diagnostics System Market: Key Segments

The global vehicle diagnostics system market can be segmented into vehicle, function, application, connectivity, sales channel, and region. In terms of vehicle, the vehicle diagnostics system market can be segmented into three categories. The commercial vehicles segment can be further sub-segmented into light commercial vehicles (LCVs), heavy commercial vehicles (HCVs), and buses & coaches. For different type of vehicle, vehicle diagnostic system with different specification should be used.

In terms of function, the vehicle diagnostics system market for automotive is classified into six categories. This segmentation is based on function that the diagnostic system performs. The engine control diagnostic segment holds major share of the market. Engine components must be analyzes regularly so as to be sure about the engine condition. Hence the engine control diagnostic system is mostly being equipped in the vehicle. Another segment of vehicle diagnostics control system based on function is battery and charging system. As the demand for electric and hybrid vehicles is growing, the demand for battery and charging diagnostic system is growing in parallel with it.

Based on application, the vehicle diagnostics system market can be divided into three segments. The vehicle health alert & roadside assistance segment is anticipated to expand at a rapid pace during the forecast period since the health alert & roadside assistance feature is a part of the remote vehicle diagnostics and provides emergency assistance services if the vehicle breaks down in between a journey.

Based on connectivity, the vehicle diagnostics system market can be classified into four types. The Bluetooth segment is expected to expand at a significant growth rate during the forecast period. Directly connecting to the any of the network mode, enhances chances of hacking the system. If the system gets hacked, the hacker can gain direct control over the vehicle and can even cut off the brakes, disable the transmission, or lock the driver inside the car. These drawbacks of other network connectivity are expected to provide promising opportunities for the usage of Bluetooth connectivity for vehicle diagnostics in the near future.

Based on sales channel, the market is classified into two categories. The OEM segment holds leading market share owing to the long term agreement between the vehicle manufacturers and the component suppliers.

Based on geographical region, the vehicle diagnostics system market can be segmented into five prominent regions. Asia Pacific is expected to dominate the global vehicle diagnostics market during the forecast period owing to the increasing demand for vehicles in the region and the presence of strong manufacturing footprint of major vehicle manufacturers in few countries of Asia Pacific such as China, Japan and South Korea.

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Global Vehicle Diagnostics System Market: Key Players

Key players operating in the global vehicle diagnostics system market include Robert Bosch GmbH, Continental AG, Magneti Marelli S.p.A., Delphi Automotive PLC, Softing AG, Voxx International Corporation, AVL List GmbH, Actia SA, Hickok incorporated, Vector Informatik India Pvt. Ltd., and Vector Informatik GmbH.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:

North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market

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