| Status : Published | Published On : Feb, 2021 | Report Code : VRAT4081 | Industry : Automotive & Transportation | Available Format :
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Page : 195 |
Global Automotive Diagnostic Scan Tools Market – Analysis and Forecast (2021-2027)
Industry Insights by Offering Type (Diagnostic Equipment/Hardware, Diagnostic Software), by Connectivity (Wi-Fi, USB, Bluetooth), by Vehicle Type (Passenger Cars, Commercial Vehicles), by Handheld Scan Tools (Code Readers, Digital Pressure Tester, Scanners, TPMS Tools, Battery Analyze), By Workshop Equipment Type (Paint Scan Equipment, Fuel Injection Diagnostic, Exhaust Gas Analyser, Pressure Leak Detection, Wheel Alignment Equipment, Headlight Tester, Dynamometer, Engine Analyzer), by Tool Type (DIY Diagnostic, OEMS Diagnostic, Professional Diagnostic), by Application (Vehicle Tracking, Repair & Maintenance, Automatic Crash Notification, Emission Control, Vehicle Health Alert & Roadside Assistance, Others)
Industry Overview
The global automotive diagnostic scan tools market is estimated to be USD 42.0 billion in 2020 and is predicted to reach USD 55.5 billion by 2027, growing at a CAGR of 5.5 % during the forecast period. The growth of this market is attributed towards increasing number of automotive workshops in organized as well as unorganized market. The increasing acceptance of diagnostic scan tools in observing growing momentum due to shifting trends observed amongst consumers towards sophisticated automated diagnostics systems from manual.
Automated diagnostic scan tools are extensively being used for analyzing and detecting the glitches of electronic systems in vehicles. An automotive scan tool is an electronic tool that is used to reprogram and diagnose vehicle control modules. Furthermore, these tools are used in all vehicles and comprises of a module with screen in front that is easy to handle. The growing acceptances of these tools are significantly contributing towards the growth of global automotive diagnostic scan tools market.
Insight by Offering type
Based upon offering type, the global automotive diagnostic scan tools market is subdivided into diagnostic equipment/hardware and diagnostic software. Further on the basis of diagnostic software it is subdivided into vehicle system testing software, ECU diagnosis software, vehicle tracking and emissions analysis software and others. On the basis of diagnostic equipment/hardware it is subdivided into code reader, scanner, analyzer, tester and others. Amongst these segments, diagnostic software segment is expected to witness faster CAGR during the forecast period owing to increasing electrification in vehicles that require technologically advanced diagnostic tools.
Insight by Connectivity
Based upon connectivity, the global automotive diagnostic scan tools market is subdivided into Wi-Fi, USB and Bluetooth. Amongst these segments, Wi-Fi segment is expected to witness highest CAGR during the forecast period as it enables flexible connectivity with both android and IOS for most vehicles.
Insight by Handheld Scan Tools
Based upon handheld scan tools, the global automotive diagnostic scan tools market is subdivided into code readers, digital pressure tester, scanners, TPMS tools and battery analyze.
Insight by Tool Type
Based upon tool type, the global automotive diagnostic scan tools market is subdivided into DIY diagnostic, OEMs diagnostic and professional diagnostic. Amongst these segments, OEMs diagnostic segment is expected to witness highest CAGR during the forecast period owing to its ability to efficiently analyze trouble shooting procedure.
Insight by Application
On the basis of application, the global automotive diagnostic scan tools market is subdivided into vehicle tracking, repair and maintenance, automatic crash notification, emission control, vehicle health alert & roadside assistance and others. Amongst these segments, vehicle tracking segment is expected to witness highest CAGR during the forecast period as automotive diagnostic scan tools are efficient in tracking any malfunction associated with the vehicle so the user could track and fix it.
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Report Metric |
Details |
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Market Size Available for the Years in the Study |
2015 – 2027 |
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Historical Period |
2019 – 2020 |
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Base Year |
2020 |
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Forecast Period |
2021 – 2027 |
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Segments Covered in the Study |
Offering Type, Connectivity, Vehicle Type, Handheld Scan Tools, Workshop Equipment Type, Tool Type, Application, and Region |
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Geographies Covered in the Study |
North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.) |
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Companies Covered in the Study |
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 |
Industry Dynamics
Growth Drivers
Increasing sale of automobiles, stringent regulations implemented by the government authorities towards emission control and increasing complexity of automotive electronics are the key factors driving the growth of global automotive diagnostic scan tools market. Increasing urbanization in emerging economies is thus attributing towards increasing demand for automobiles in these countries. Furthermore, diagnostic scan tools are crucial for efficient and smooth functioning of vehicles that is a vital factor pertaining towards the growth of global automotive diagnostic scan tools market.
Moreover, technological upgradation in the automobile domain has led to an increasing demand for connected vehicles along with high end electric vehicles and is another factor driving the growth of global automotive diagnostic scan tools market. The adherence of various features such as vehicle-to-infrastructure (V2I) connectivity, vehicle-to-vehicle (V2V) connectivity, automatic braking and advanced driver-assistance system (ADAS) uses processors and sensors that make functioning of automotive electronics complex. Additionally, diagnostic scan tools are essential for solving issues pertaining to these automotive electronic thereby escalating the growth of global automotive diagnostic scan tools market.
Challenges
However, low customer affordability for these tools along with increasing complexity in the vehicle designs are the key factors expected to hinder the growth of global automotive diagnostic scan tools market.
Geographic Overview
Geographically, automotive diagnostic scan tools market in Europe is anticipated to generate largest revenue by 2027. The growth of this market is attributed towards presence of key automobile manufacturers in the region that are rampantly emphasizing their efforts towards product development along with increasing production and sales of vehicles. Furthermore, increasing emphasis of government authorities to enhance smart mobility solutions are driving new zero-emission energy model that is further driving the growth of automotive diagnostic scan tools market in this region.
Moreover, automotive diagnostic scan tools market in Asia-Pacific is expected to witness highest CAGR during the forecast period due to increasing acceptance of passenger vehicles in the region along with increasing disposable income of the citizens in countries such as India, China and Indonesia. Additionally, increasing amendments done by government authorities towards electrification of vehicles, concerns related to degrading air quality and ban on diesel vehicles in order to meet the air quality standards are the key factors driving the growth of automotive diagnostic scan tools market in Asia-Pacific.
Competitive Insight
Key players operating in the global automotive diagnostic scan tools market are emphasizing their efforts upon strategic acquisitions in order to strengthen capabilities of research & development that supports them in providing innovative solutions to the users and thus gain competitive advantage.
Some of the major players operating in the global automotive diagnostic scan tools market include 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.
Primary Research
VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from the industry experts. The key profiles approached within the industry includes, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behaviour.
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Source: VynZ Research
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Source: VynZ Research
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Automotive Diagnostic Scan Tools Market