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Why the Automotive Diagnostic Scan Tools Market Is Set To Explode? | Global Players are Actia Group SA, Volkswagen AG, BMW AG, Continental, Daimler AG, Delphi Automotive PLC, Denso, Fluke Corporation

Why the Automotive Diagnostic Scan Tools Market Is Set

Asia Pacific automotive diagnostic scan tools market size is slated to witness a CAGR of around 8% over the projected period. The automotive manufacturing sector in the region is growing rapidly owing to an active push towards infrastructural development and growing industrialization, which has created plethora of opportunities for automobile OEMs. In addition, local OEMs are thriving with their in-depth understanding of regional consumers. Strategic advantages could certainly influence the ability of OEMs to place vital diagnostic solutions across dealerships, reinforcing automotive diagnostic scan tools market outlook over the forecast period.

The Bosch Group and Byton, an electric vehicle developer, had signed a strategic cooperation agreement in 2018 which was fully focused on driver assistance systems, braking systems, and powertrain technology. This partnership aimed to provide safe and steadfast electric mobility solutions to the consumers. Indeed, such collaborations will certainly benefit enterprises and represent the opportunities for automotive diagnostic scan tools industry from electric vehicle applications in the future.

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The global automotive diagnostic scan tools market, fueled by a number of technological advancements, is rapidly becoming an extremely lucrative investment avenue of the automotive industry. Environmental concerns and the digital transformation of the automobile sector are also being hailed as important factors that have helped expedite the prominence of automotive diagnostic tools industry.

The concept of automotive diagnostic initially began in the form of mechanical gauges that notified the vehicle operator on the overall health of the automobile, by monitoring factors such as the oil pressure, the fuel level and engine health & integrity, that were essential for the smooth operation of the vehicle. The idea behind these automotive aids has successfully kept up with changing times and is the reason why diagnostic scan tools, powered by technological advancements, are still seen adorning a vehicle's dashboard today.

If only, the discipline of automotive diagnostic has thrived with changing times and has managed to depict a substantial level of diversity, wherein modern-day challenges like vehicle emissions are effectively being tackled through diagnostic tools. In fact, these challenges have seemingly opened up new growth opportunities for the automotive diagnostic scan tools market.

Today's automobiles represent the most sophisticated electronic control units that are responsible for functions like infotainment control, automatic gear shifts and fuel injection. ECUs are also enabling advanced driver assistance technologies that meet consumer needs for convenience, comfort, and safety as well as improve performance and energy efficiency. Adoption of these technologies makes diagnosis of system failures or malfunction more difficult. Addressing these challenges, OEMs as well as their hardware and software partners will consistently seek developments in ECU diagnosis solutions, propelling automotive diagnostic scan tools market size.

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Several prominent companies and manufacturers are augmenting the scope of their business by unveiling unique product portfolios equipped with the latest technologies. DG Technologies, Actia Group, Snap-on Incorporated, General Technologies Corp, Autel Intelligent Technology, BMW, Bosch Automotive Service Solutions, Delphi Automotive, Volkswagen and Volvo Group are some of the key players operating in the automotive diagnostic scan tools market.

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