Vehicle Diagnostics Market to Hit USD 88.22 MILLION IN 2030, Driven by Rising Trends and Innovation

0
Vehicle Diagnostics Market

Vehicle Diagnostics Market

The Global Vehicle Diagnostics Market size is valued at USD 48.21 billion in 2023 and is projected to reach USD 88.22 million in 2030. Along with this, the market is estimated to grow at a CAGR of around 10.1% during the forecast period.

Access Free Sample Report –  https://www.marknteladvisors.com/query/request-sample/vehicle-diagnostics-market.html       

Key Findings of the Study: Vehicle Diagnostics Market

Global Vehicle Diagnostics Market Challenge: Compatibility Issues in Integrating with Existing Vehicle Models to Impede Market Growth

Compatibility issues of the diagnostic system with the earlier models of vehicles pose a major barrier to the growth of the vehicle diagnostic market at a global level. The automotive industry continues to advance at a very fast pace, with vehicles designed through highly diversified electronic systems, sensors, and software across different manufacturers, models, and years of production. This creates an extremely complex environment wherein a single diagnostic tool cannot be designed to work with every vehicle. Most of the older vehicles are not fitted with the standard OBD-II ports which create a barrier in the integration with advanced vehicle diagnostic systems. Furthermore, most of them lack the electronic architecture that can support modern diagnostics without the use of specialized or legacy tools. This makes it very difficult for a service provider to diagnose the problems accurately.

Moreover, vehicle manufacturers often design their vehicles with the proprietary software and communication protocols in place, which add to the complications in diagnosis. Such systems are often proprietary and require special tools that do not work with third-party diagnostic tools to prevent independent repair shops or any aftermarket service provider from running full diagnostics. The aftermarket gets affected due to these compatibility issues preventing the vehicle diagnosis market from developing at a global scale. It results in forcing service providers to invest in multiple devices and software updates to cover a broad range of vehicles. This not only increases costs but also adds complexity to the diagnostic process hampering the growth of the overall Global Vehicle Diagnostics Market.

Scope of the Report and Vehicle Diagnostics Market Segmentation

By Offering

-Hardware

–Diagnostic Scanners

–Handheld Devices

–Adapters and Connectors

–Others (Battery Testers, Analysers, etc.)

-Software

  • the hardware segment holds a considerable market share in the vehicle diagnostics market globally.

By Vehicle Type

-Passenger Vehicles

-Commercial Vehicles

–Light Commercial Vehicles

–Medium & Heavy Commercial Vehicles

By Propulsion

-ICE (Internal Combustion Engine)

-Electric

By Application

-Automatic Crash Notification

-Vehicle Tracking

-Vehicle Health Alert

-Roadside Assistance

-Others (Vehicle Telematics, Emission Testing, etc.)

By End User

-Automotive OEMs

-Service Stations & Workshops

-Fleet Operators

-Government & Regulatory Bodies

Top leading companies in the Vehicle Diagnostics Market includes:

Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Onstar LLC, Snap-On Inc., Magneti Marelli, Softing AG, VOXX International Corporation, Vector Informatic, Vidiwave Ltd., Pioneer Incorporation, Alpine Electronics Inc., Garmin Ltd., Harman International, and Denso Europe B.V, among others

Vehicle Diagnostics Market Development

  • In 2023: Robert Bosch GmbH, a leading provider of vehicle technology, introduced the Bosch Car Doctor, a compact diagnostic tool equipped with advanced scanning capabilities and real-time data analysis features.
  • In 2023: Delphi Automotive PLC launched a new online configurator for their diagnostic products and related accessories to help workshops access market-leading diagnostic solutions so they can expand their service offering and repair quality.

For more detailed information about the Vehicle Diagnostics market report, click here – https://www.marknteladvisors.com/research-library/vehicle-diagnostics-market.html           

Geographical analysis:

North America: US, Canada, Mexico

Europe: Germany, The UK, France, Spain, Italy, Rest of Europe

Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific

South America: Brazil, Argentina, Rest of South America

Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of the Middle East & Africa

  • Europe is anticipated to dominate the market with the largest share during the forecast period.

Related Reports: –

https://industrytoday.co.uk/health_and_safety/bladder-cancer-treatment-market-industry-trends-share-size-growth-opportunity-and-forecast-2022-2027

https://industrytoday.co.uk/health_and_safety/hepatocellular-carcinoma-hcc-market-recent-trends-in-depth-analysis-industry-share-size-and-forecast-2022-to-2027

https://industrytoday.co.uk/market-research-industry-today/li-fi-market-gears-up-for-a-60-cagr-ride-in-2022-27

Why choose Us?

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

For Media Inquiries, Please Contact:

Call: +1 628 895 8081 | +91 120 4278433

Emailsales@marknteladvisors.com

Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511

Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India

Leave a Reply

Your email address will not be published. Required fields are marked *