Automotive Diagnostic Tools Market is expected to register a CAGR close to 7.58% during 2019 – 2023 | Actia Group, KPIT, Softing, Vector Informatik, Bosch, Continental Ag, Delphi Automotive

The report covers a forecast and an analysis of the Automotive Diagnostic Tools Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2023 based on revenue and volume.

Overview of the Global Automotive Diagnostic Tools Market:

The Global Automotive Diagnostic Tools Market is expected to register a CAGR of 7.58% during the forecast period, 2018 to 2023.

Automobiles have become highly complex in the recent years. The function and role of the advanced electronic systems that control every aspect of the car have increased substantially. High-end vehicles have become fully automated and computer controlled.

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With the rising concerns for reducing emissions from vehicles, more countries are anticipated to mandate the diagnostic systems. Subsequently, the market for electronic diagnostic tools has increased multifold in the recent years. Though, the diagnostics were a part of vehicles for a long time in countries, like the United States and EU, other countries have not been a part of the list, until recently. Many countries, such as Mexico, Argentina, Brazil, China, Israel, Japan, India etc. have mandated the diagnostic systems in automobiles between 2000 and 2010.

In order to reduce the complexities faced by manufacturers to comply with diagnostic standards in different countries, a single harmonized Global Technical Standards for diagnostics and testing procedures is being proposed, which would be accepted and followed in the contracting parties. Until recently, the data extracted from the vehicle diagnostic system was only available with the manufacturers, which gave automakers and their service centers an advantage over independent aftermarket service centers. However, in 2011, the European Union has passed a regulation – EU 566/2011 – according to which, data from the vehicle diagnostic system should be made available to independent aftermarket maintenance centers by the automakers.

This comprehensive Automotive Diagnostic Tools Market research report 2019 – 2023 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers.

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Major Key Players:

1 Actia Group

2 KPIT

3 Softing

4 Vector Informatik

5 Bosch

6 Continental AG

7 Delphi Automotive Plc

8 General Technologies Corp and More…………………..

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Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview And Technology Trends

5 Market Dynamics

6 Global Automotive Diagnostic Tools Market, Segmented By Vehicle

7 Global Automotive Diagnostic Tools Market, Segmented By Type

8 Global Automotive Diagnostic Tools Market, Segmented By Geography

10 Company Profiles

11 Future Outlook

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