Automotive

Image

Global Vehicle Diagnostics Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Vehicle Diagnostics Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 30.22 Billion
Diagram Market Size (Forecast Year) USD 103.53 Billion
Diagram CAGR %

Global Vehicle Diagnostics Market, By Equipment Type (Exhaust Gas Analyser, Wheel Alignment Equipment, Headlight Tester, Paint Scan Equipment, Dynamometer), Product Type (OBD2 Scanner, Multi-System Auto Diagnostic Tool, OBDII Scanner Bluetooth Automotive ECU Coding Diagnostic Tool, OBD2 Car Code Reader/Scan Tool, OBD2 Adapter Check Engine Diagnostic Tool, Smartphone Diagnostic Tool, Others), Propulsion Type (EV, ICE Vehicle), Vehicle Type (Commercial, Passenger), Offering (Software, Hardware), Communication System (V2C, V2P, V2G, V2I, V2V, V2D, V2N, V2H), Connectivity (4G LTE, 3G, Wi-Fi, Bluetooth), Application (Hand-Held Scan Tools, ACN, Vehicle Tracking, Mobile Device-Based Tools and Analysis, Data Loggers, PC-Based Scan Tools and Analysis Platforms, Vehicle Health Alert, Vehicle Telematics, Emission Testing, Driver’s Supplementary Vehicle Instrumentation, Roadside Assistance), Aftermarket (Light-Duty Vehicle Diagnostic Aftermarket, CV Vehicle Diagnostic Aftermarket) – Industry Trends and Forecast to 2029

Market Analysis and Size

Vehicle diagnostics has acquired high relevance in the automobile sector as it ensures that the driver is prepared to take control of the vehicle. These monitoring systems are being highly considered to understand the condition of the driver and deliver a tailored environment specific.

Global Vehicle Diagnostics Market was valued at USD 30.22 billion in 2021 and is expected to reach USD 103.53 billion by 2029, registering a CAGR of 16.64% during the forecast period of 2022-2029. Passenger accounts for the largest vehicle type segment owing to the consumer preference towards economic vehicle options. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Vehicle diagnostics refers to the process of detection of any faults in automotive with the assistance of equipment/tools that are utilized in combination with software/system. This could be referred to as continuous vehicle monitoring system that offers the information and reports any flaw in the vehicle system by using diagnostic tools installed in the vehicle.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Component (Infotainment Unit, Control Panel, Head-Up Display, Telematics Control Unit), Vehicle Type (Passenger Car, LCV, HCV), Form Factor (Embedded, Tethered, Integrated), Services (Entertainment Services, Navigation Services, E-Call Services, Vehicle Diagnostics Services, Other Services), Operating System (Linux, QNX, Microsoft, Others), Connectivity (3G, 4G, 5G, Bluetooth, Wi- Fi), Alternate Fuel Vehicle (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), Installation (OEM, Aftermarket)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Alpine Electronics, Inc. (Japan), Garmin Ltd (US), Pioneer Corporation (Japan), HARMAN International (US), Panasonic Corporation (Japan), Clarion (Japan), TomTom International BV (Netherlands), Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), Delphi Technologies (UK), DENSO CORPORATION. (Japan), Visteon Corporation (US), JVCKENWOOD Corporation (Japan), Pioneer Corporation (Japan), AISIN SEIKI Co., Ltd. (Japan), Blaupunkt (Germany), Bose Corporation (US), and Magneti Marelli S.p.A. (Italy), among others

Market Opportunities

  • Government mandates on telematics and e-call services
  • Rise in awareness regarding road safety among consumers
  • Increase in the sales of high end luxury cars

Vehicle Diagnostics Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Road Safety

The rise in awareness regarding road safety among consumers acts as one of the major factor driving the growth of vehicle diagnostics market. Government of various regions are taking initiatives to decline the number of road accidents. Manufacturers are increasing their investments to meet government standards that further assists in the expansion of the market.

  • High End Luxury Cars

The increase in the sales of high end luxury cars is accelerating the growth of the market. The surge in disposable income is escalating demand for high end luxury cars among population throughout the world. The rise in the demand for high performance and reliability of automobiles among consumers drives the market growth.

  • High Demand for Passenger Vehicles

The increase in demand for passenger vehicles owing to the surge in middle-income group population along with rise in standard of living in emerging countries further influence the market. Consumers are also inclining towards these vehicles due to the availability of economic options in these vehicles.

Additionally, expansion of the automotive sector, surge in investments and increased disposable income positively affect the vehicle diagnostics market.

Opportunities

Furthermore, emergence of various technologies such as 5G and AI extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, benefits for fleet operators will further escalate the growth of vehicle diagnostics market.

Restraints/Challenges faced by the Vehicle Diagnostics Market

On the other hand, rise in data security concerns is expected to obstruct the vehicle diagnostics market growth. Also, the presence of low-cost devices in the aftermarket is projected to challenge the vehicle diagnostics market in the forecast period of 2022-2029.

This vehicle diagnostics market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vehicle diagnostics market contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.

COVID-19 had a Major Impact on Vehicle Diagnostics Market

COVID-19 had a negative impact on the global vehicle diagnostics market due to the commute restrictions. The market faced various challenges, such as regulatory and policy changes, working capital management, supply chain execution and dependency on labor. However, organizations prepared strategic cost-saving plans to manage the impact of the pandemic. The demand for vehicle tracking hardware and managing software has increased to manage and cater to the continuous supply of essentials in the post pandemic scenario.

Global Vehicle Diagnostics Market Scope

The vehicle diagnostics market is segmented on the basis of equipment type, product type, propulsion type, vehicle type, offering, communication system, connectivity, application and aftermarket. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Equipment Type

  • Exhaust Gas Analyser
  • Wheel Alignment Equipment
  • Headlight Tester
  • Paint Scan Equipment
  • Dynamometer

Product Type

  • OBD2 Scanner
  • Multi-System Auto Diagnostic Tool
  • OBDII Scanner Bluetooth Automotive ECU Coding Diagnostic Tool
  • OBD2 Car Code Reader/Scan Tool
  • OBD2 Adapter Check Engine Diagnostic Tool
  • Smartphone Diagnostic Tool
  • Others

Propulsion Type

  • EV
  • ICE Vehicle

Vehicle Type

  • Commercial
  • Passenger

Offering

  • Software
  • Hardware

Communication System

  • V2C
  • V2P
  • V2G
  • V2I
  • V2V
  • V2D
  • V2N
  • V2H

Connectivity

  • 4G LTE
  • 3G
  • Wi-Fi
  • Bluetooth

Application

  • Hand-Held Scan Tools
  • CAN

Vehicle Tracking

  • Mobile Device-Based Tools and Analysis
  • Data Loggers
  • PC-Based Scan Tools and Analysis Platforms
  • Vehicle Health Alert
  • Vehicle Telematics
  • Emission Testing
  • Driver’s Supplementary Vehicle Instrumentation
  • Roadside Assistance

Aftermarket

  • Light-Duty Vehicle Diagnostic Aftermarket
  • CV Vehicle Diagnostic Aftermarket

Vehicle Diagnostics Market Regional Analysis/Insights

The vehicle diagnostics market is analyzed and market size insights and trends are provided by country, equipment type, product type, propulsion type, vehicle type, offering, communication system, connectivity, application and aftermarket as referenced above.

The countries covered in the vehicle diagnostics market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the vehicle diagnostics market because of the rising demand for comfort, entertainment services, and high-end information and luxury within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 due to the high focus on upgrading their technology of infotainment to stand in the competition.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Vehicle Diagnostics Market Share Analysis

The vehicle diagnostics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vehicle diagnostics market.

Some of the major players operating in the vehicle diagnostics market are

  • Delphi Technologies (UK)
  • VOXX International Corp. (US)
  • KPIT (India)
  • Robert Bosch GmbH (Germany)
  • AVL (Austria), Hickok Inc (US)
  • SPX CORPORATION (US)
  • OnStar, LLC (US)
  • Vector Informatik GmbH (Germany)
  • DENSO CORPORATION (Japan)
  • General Technologies Corp. (Canada)
  • Repairify, Inc. (US)
  • ETAS (Germany)
  • ACTIA Group (France)
  • Continental AG (Germany)
  • Magneti Marelli S.p.A. (Italy)
  • DSA Daten- und Systemtechnik GmbH (Germany)
  • Snap-on Incorporated (US)
  • Vidiwave Limited (UK)
  • Softing AG (UK)


SKU-

Please fill in the below form for detailed Table of Content

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Table

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for detailed List of Figure

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Please fill in the below form for Infographics

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Please fill in the below form for Research Methodology

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Please fill in the below form for Available Customization

By clicking the "Submit" button, you are agreeing to the Data Bridge Market Research Privacy Policy and Terms and Conditions

FREQUENTLY ASK QUESTIONS

The Vehicle Diagnostics Market will be worth USD 103.53 billion by 2029 during the forecast period.
The Vehicle Diagnostics Market growth rate is 16.64% during the forecast period by 2029.
The rise in awareness regarding road safety among consumers, increase in the sales of high end luxury cars and High Demand for Passenger Vehicles are the growth drivers of the Vehicle Diagnostics Market.
The equipment type, product type, propulsion type, vehicle type, offering, communication system, connectivity, application and aftermarket are the factors on which the Vehicle Diagnostics Market research is based.
The major companies in the Vehicle Diagnostics Market are Alpine Electronics, Inc. (Japan), Garmin Ltd (US), Pioneer Corporation (Japan), HARMAN International (US), Panasonic Corporation (Japan), Clarion (Japan), TomTom International BV (Netherlands), Mitsubishi Electric Corporation (Japan), Continental AG (Germany), Robert Bosch GmbH (Germany), Delphi Technologies (UK), DENSO CORPORATION. (Japan), Visteon Corporation (US), JVCKENWOOD Corporation (Japan), Pioneer Corporation (Japan), AISIN SEIKI Co., Ltd. (Japan), Blaupunkt (Germany), Bose Corporation (US), and Magneti Marelli S.p.A. (Italy).
Free Sample Report

CHOOSE LICENCE TYPE

  • 7000.00
  • 4800.00
  • 3000.00
  • 8000.00
  • 12000.00

Why Choose Us

Industry Coverage

DBMR works across the globe in multiple industries which equip us with knowledge across verticals and provide our clients with insights not only from their industry but how other industries will impact their ecosystem.

Regional Coverage

Coverage of Data Bridge is not restricted to developed or emerging economies. We work across the globe covering the largest array of countries where no other market research or business consulting firm has ever conducted research; creating growth opportunities for our clients in areas which are still unknown.

Technology Coverage

In today’s world, technology drives the market sentiment, so our vision is to provide our clients insights not only for developed technologies but upcoming and disrupting technological changes throughout the product lifecycle by enabling them with unforeseen opportunities in the market which will create disruption in their industry. This leads to innovation and our clients to come out as winners.

Goal Oriented Solutions

DBMR goal is to help our clients achieve their goals through our solutions; hence we formatively create the most appropriate solutions for our client needs, saving time and efforts for them to drive their grand strategies.

Unparallel Analyst Support

Our analysts take pride in our clients’ success. Unlike others, we believe in working along our clients to achieve their goals with 24 hours analyst support determining the correct needs and inspire innovation through service.

Banner

Client Testimonials