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Automotive Diagnostic Scan Tools Market Size to Hit Around USD 67.8 Bn by 2030

·7 min read
Precedence Research
Precedence Research

The global automotive diagnostics scan tools market size is predicted to hit around USD 67.8 billion by 2030 with a registered CAGR of 7.22% from 2022 to 2030, according to new study by Precedence Research.

Tokyo, Sept. 15, 2022 (GLOBE NEWSWIRE) -- The global automotive diagnostics scan tools market was valued at USD 36.2 billion in 2021. Rapid acceptance of the developed automotives with new innovative technologies and various types of diagnostics scanning tools have boost the market of automotive diagnostics scan tool market to a larger extent. Identification of the errors and faults using hardware diagnostics and software diagnostics in the automotive vehicles. Controlling the problem before the major crisis take place by early detection and analysing the problem. Increased government support for developing and manufacturing the scan tools with increased electronic vehicle production and increased investment have raised the market of automotive diagnostics scan tool market.

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The key market players involved in developing and introducing with new technologies developed with higher efficacy and increased investment in automotive industry for developing new technologies accelerated the market rate. Impact of covid-19 on the market with declined growth in the automotive industry due rules and regulations imposed by the government for shut down of the nation due to widely spreading virus, social distancing and other norms ceased the transportation decreased demands from the market and decreased the growth.

Regional Snapshots

The geographical sector Asia Pacific region to hold the highest position with increased revenue share in the automotive diagnostics scan tool market due to increased demands and needs from the market for developing and installing the automotive diagnostics scan tools and increased market in the region with advanced technologies.

Europe also to hold the highest market with increased growth in the automotive sector with advanced technologies and various diagnostics scan tools for early identifying and analysing the faults and errors before any trouble shoot situation arises. Other regions such as North America also contributed with increased demands for the diagnostics tools and boost the market growth. Middle East and Africa, Latin America also increased the market size.

Key Takeaways:

  • Asia Pacific automotive diagnostics scan tool market was estimated at USD 16.8 billion in 2021.

  • In 2021, the passenger vehicle segments has generated 89% revenue share in 2021.

  • In 2021, the diagnostic software offering segment accounted 16% revenue share in 2021.

  • Asia Pacific Region accounted 41.5% revenue share in 2021.

Report highlights

  • Based on offering type includes hardware and software. Diagnostics hardware includes tester, code reader, analyser, scanner and others. diagnostics software includes vehicle system testing software, vehicle tracking and emissions analysis, ECU diagnosis software and others. Diagnostic services include Vehicle Maintenance and repair, Custom, training, support and integration

  • Based on tool type involves professional diagnostic, DIY diagnostics, OEMS diagnostics.

  • Based on vehicle, passenger vehicle and commercial vehicle. Based on application emission control, repair maintenance, vehicle health alert and road side maintenance, vehicle tracking, automatic crash notification and others. Based on connectivity USB, Wi-Fi, bluetooth.

  • Based on work shop equipments involves engine analyser, pressure leak detection, headlight tester, dynamometer, fuel injecting diagnosis, pain scan equipment, wheel alignment, exhaust gas analyser.

  • Based on geography includes Asia Pacific region to hold the top position with increased market revenue share in automotive diagnostics scan tool market. Other regions such as Europe also to be highest regions with increased demands and developments. North America, Middle East and Africa, Latin America also in the process to increase the market rate to a greater extent.

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Scope of the Report

Report Attributes

Details

Market Size in 2021

USD 36.2 Billion

Revenue Forecast by 2030

USD 67.8 Billion

Asia Pacific Revenue Share

41.5% in 2021

Europe Revenue Share

28.9% in 2021

Base Year

2021

Forecast Year

2022 to 2030

Key Players

Horiba Ltd, SGA SA, Continental AG, SPX Corporation, Delphi Technologies, Robert Bosch GmBH, Softing AG, Denso Corporation, ACTIA Group, Autel Intelligent Technology Corp., Ltd, AV List GmbH, Snap-on Incorporated, Bosch Automotive Service Solutions, DG Technologies, Fluke Corporation, BMW AG, Volkswagen AG, Volvo Group, Honda Motor Company, KPIT Technologies, Launch Tech, Hickok Incorporated and Others.

Market Dynamics

Drivers

Increased population with increased demands and rapid urbanization with new developed technologies and advancements with improved electrification system and developed electronic components and ease of identifying the errors and faults cost effective have increased the market rate. Increased number of services and workshop components. Reducing the emission of carbondioxide, developed technology such as do it by your self have increased the market rate. The software and electronics component with increased connectivity with USB or wireless connectivity such as Wifi or bluetooth enhanced the market of automotive diagnostics scan tool to a karger extent.

Restraints

Lack of awareness among the people regarding availability and developed technologies in the automotive vehicle which may hinder the market growth during the forecast period. The major obstacle that may hinder the growth of the automotive diagnostics tools is the costing of the technology. Increased cost due to developed technologies and new features introduced with software update led to increased costing of the automotive diagnostics scan tools. Availability of different options in diagnosing the errors and faults in the vehicle may alter the market growth.

Opportunities

The increased developments in electrifications system and developed diagnostics scan tools in automotive sector with increased developments, production, manufacturing with rising demands from the market for developed systems have accelerated the market growth. Increased government support for developing the diagnostics tools in automotive sector and increased investments and developing the market to grow high. The major role players involved are key market players which help to introduce new technologies and increased research and development have increased the market rate

Challenges

Increased developments and technologies with modified features in automotive diagnostics tools which led to increased costing of the technologies which can be challenging task to increase the market during the forecast period. Increase developments with new skills development is utmost in the diagnostics scan tool, lack of skill may lead to decrease the market growth, skill update and software update is necessary in the developed technology. The presence of alternatives available in automotive diagnostics scan tool may challenge the market to grow to a larger extent.

Related Reports

Recent Developments

  • In the year 2020 September, Snap-on Incorporated acquired AutoCrib, Inc., a fastest growing, manufacturer, marketer and designer tool and asset control solutions. Snap-on focused to enhance for tools for controlling and solutions for complex and critical industries.

  • In the year 2021 May, Snap-on Incorporated introduced the newJohn Bean Tru-Point advanced driver assistance system (ADAS) tools at Auto Glass Week in Florida, U.S. It provides shops with the streamline the ADAS calibration process from start to end.

  • In the year 2021 April, HORIBA automotive introduced an electrification offering to the industry that involves solution ranging from single component testing to turnkey testing solutions and involves consultation and other services with the vehicle development process.

Market Segmentation

By Offering Type

  • Diagnostic Hardware

    • Scanner

    • Analyzer

    • Tester

    • Code reader

    • Others

  • Diagnostic Software

    • Vehicle system testing software

    • Vehicle tracking and emissions analysis

    • ECU diagnosis software

    • Others

  • Diagnostic services

    • Vehicle Maintenance and repair

    • Custom, training, support and integration

By Tool Type

  • DIY diagnostic

  • OEMS diagnostics

  • Professional diagnostics

By Vehicle Type

By Propulsion

  • ICE vehicles

  • EVs

By Application

  • Emission control

  • Repair maintenance

  • Vehicle health alert and road side assistance

  • Vehicle tracking

  • Automatic crash notification

  • Others

By Workshop Equipment

  • Engine analyser

  • Pressure leak detection

  • Fuel injecting diagnosis

  • Headlight tester

  • Dynamometer

  • Painscan equipment

  • Wheel alignment equipment

  • Exhaust gas analyser

By Connectivity

  • USB

  • Wi- Fi

  • Bluetooth

By Handheld Scan Tools

  • Scanners

  • Code Readers

  • TPMS Tools

  • Digital Pressure Tester

  • Battery Analyzer

By Geography

  • North America

  • Europe

  • Asia-Pacific

  • Latin America

  • Middle East & Africa (MEA)

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