Automotive Diagnostic Tools Market 2023 Driving Factors Forecast Research 2029

Automotive diagnostic tools market is anticipated to grow at a significant CAGR of 5.6% during the forecast period. One of the key factors fuelling the market includes the rising technological advancement in the automobile industry. Vehicle making has become gradually complex with more applications of technologies such as advanced driver assistance systems (ADAS) and electronic control modules. Such development has raised a lot of technical challenges in the diagnosis process for regular end-users. Hence, the automotive diagnostic tools with the provision of standard fault codes and other services offer a simple interface to customers for concluding the actual issues with the vehicle and avoid unnecessary workshop repair which can make minor problems expensive. This has resolved a lot of repairing issues in the service and manufacturing department which is reflected in the rising demand and development in the market. For instance, in March 2021, Robert Bosch GmbH launched ADS 625 X which does DTC scans of all systems within 60 seconds on average, while complete scans take 30 seconds or less. The scan tool offers technicians advanced vehicle coverage across a broad range of domestic, European, and Asian vehicles.

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The global automotive diagnostic tools market is segmented based on type, product type, and vehicle type. Based on the type, the market is segmented into on-board diagnostics (OBD), electric system analyzers, and scan tools. Based on the product type, the market is bifurcated into diagnostic equipment/ hardware and diagnostic software. Based on the vehicle type, the market is sub-segmented into passenger vehicles and commercial vehicles. The above-mentioned segments can be customized as per the requirements. Among the type segment, the OBD sub-segment is anticipated to grow at a considerable CAGR during the forecast period due to the growing implementation of rules and regulations by the government across the globe.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Automotive Diagnostic Tools Market by Type
o On-Board Diagnostics (OBD)
o Electric System Analyzer
o Scan Tool

Global Automotive Diagnostic Tools Market by Product Type
o Diagnostic Equipment/Hardware
o Diagnostic Software

Global Automotive Diagnostic Tools Market by Vehicle Type
o Passenger Vehicles
o Commercial Vehicles

Regional Analysis
o North America
o US
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o ACTIA Group
o Autel Intelligent Technology Co.
o AVL group
o Carman Diagnostic Systems products
o DG Technologies
o Fluke Corp.
o HELLA GmbH & Co. KGaA
o KPIT Technologies Ltd
o Softing Automotive Electronics GmbH
o Vector Informatik GmbH

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global automotive diagnostic tools market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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