Automotive Diagnostics Market Size is Expected to Reach USD 58.36 Billion with a CAGR of 4.42% by 2028

Growing economy, increasing disposable income and increasing rate of urbanization and industrialization are the major factors influencing the growth of the market.

Market Size – USD 41.39 Billion in 2020, Market Growth – CAGR of 4.42%, Market Trends – Growing Innovations in Artificial Intelligence

The global market for automotive diagnostics is expected to reach $58.36 billion by 2028, according to a new report from Reports and Data. This can be mainly associated with the growing applications of cloud diagnostics, neural networks and artificial intelligence, government initiatives, owing to growing environmental concerns, intense competition in the automotive manufacturing market, need to reduce recalls and warranty repairs by highlighting specific issues, providing OEMs with a direct line of communication to the customer, and the increased use of electronics in vehicles due to digitalization and connected mobility in industry

Automotive Automotive diagnostics refers to a vehicle’s reporting and self-diagnosis capability, which provides access to the vehicle owner or repair technician regarding the status of various vehicle subsystems.

In the future, automotive diagnostics will benefit from AI, to produce real-time vehicle models to develop preventive maintenance routines. It can be a useful tool for MaaS business developers and fleet managers as they aim to reduce downtime and repair costs and streamline their services. This will also be beneficial as autonomous vehicles and driverless vehicles start to enter the market, as they need to have built-in safety systems to ensure they work flawlessly.

Cloud-based systems will play a key role in the development of these systems, as data is transmitted and analyzed in real time in the cloud.

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Other key findings from the report suggest that

  • the type of passenger vehicle will see the highest growth in the coming years and that commercial vehicles will continue to dominate the market in the coming years, due to the strong competition among car manufacturers. Technology is making passenger and commercial vehicle driving safer and more efficient for everyone.
  • The growth of the exhaust gas analyzer segment may be due to the increasing implementation of strict emission regulations and policies in several countries. Combustion engine exhaust analysis helps in evaluating engine performance and diagnosing problems in vehicles, which can measure the level of carbon monoxide (CO), oxygen (O2), nitrogen oxide (NO), carbon dioxide (CO2), nitrogen dioxide (NO2) and hydrocarbons (HC) in the engine.
  • The growth of electric vehicles is expected to see the greatest growth over the forecast period, due to the adoption of the technology by many automakers.
  • The automotive diagnostic scan tool is the dominant market segment; which is expected to retain the largest share during the forecast period.
  • Vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications, a wireless technology, will experience the highest CAGR of 4.42%. These are based on a 5.9 GHz Wi-Fi derivative dedicated to short-range communications, particularly defined for fast-moving objects.
  • North America dominates the market and is expected to grow at a CAGR of 4.8% in the coming years. This is because North America is the hub of a number of technology manufacturers and aims for better infrastructure, has no budget constraints due to the region’s high incomes, policies and government regulations that support an efficient transport system.
  • The Asia-Pacific region is expected to witness the highest growth in the market by 2028. Rising manufacturing of automobiles and automotive workshops in both organized and unorganized markets is driving the market growth in this region.
  • The main participants are Snap-On Inc., Denso Corp., SPX Corp., Dg Technologies, Avl List GmbH, Actia Group SA, Softing AG, General Technologies Corp, Etas GmbH, Hickok Inc., Dsa Daten- Und Systemtechnik GmbH, Delphi Automotive PLC, Bosch Automotive Service Solutions Inc., Robert Bosch GmbH, Continental AG, Hickok Incorporated, Actia SA, Kpit Technologies and Snap on Incorporated., among others.

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For the purposes of this report, the reports and data have segmented the global automotive diagnostics market on the basis of vehicle type, communication system, equipment type, technology type, application, type of offer, types of propulsion, type of product and

region -2028)

(Volume, Thousand Units; 2020-2028 & Revenue, USD Billion; 2020-2028

  • Outlook
  • )
  • of)
  • Infrastructure vehicle (V2I)
  • Vehicle to Vehicle (V2V)
  • Vehicle to Device (V2D)
  • Vehicle to Network (V2N)
  • Vehicle to home (V2H)

Equipment Type Outlook (Volume, Thousand Units; 2020-2028 and Revenue, USD Billion; 2020-2028)

  • Exhaust Gas Analyzer
  • Paint Scanning Equipment
  • wheel alignment
  • Dynamometer
  • hde tester eadlight

Outlook (Volume, Thousand Units; 2020-2028 and Revenue, USD Billion; 2020-2028)

  • 4G LTE
  • 3G
  • Bluetooth
  • Wireless

(Volume, Thousand Units; 2020-2028 and Revenue, USD Billion; 2020-2028)

Propulsion type outlookUSD billion; 2020-2028)

  • Electric vehicle (EV)
  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in hybrid electric vehicle (PHEV)
  • Fuel cell electric vehicle (FCEV) Fuel cell vehicle
  • internal combustion engine (ICE)

Outlook Product Type (Volume, ‘000 Units; 2020-2028 & Revenue, USD Billion; 2020-2028)

  • To scan
  • 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 Diagnosis of the
  • Smartphone Tool
  • Others

Applications Outlook (Volume, ‘000 Units; 2020-2028 and Revenue, USD Billion; 2020-2028)

  • Portable scan tools
  • Scanners
  • code reader
  • Digital pressure tester
  • TPMS tools
  • battery analyzer
  • Mobile Device Based Tools & Analytics Analytics Tools
  • PC-based ad analysis platforms
  • Data loggers
  • Emissions testing
  • Additional vehicle instrumentation for the driver Vehicle telematics
  • Outlook

Regional (Volume, Thousand Units; 2020-2028 and Revenue, USD Billion; 2020-2028)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions :

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  • What are the looming risks and challenges that may hamper the growth of the industry?
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Automotive Diagnostics Market Size is Expected to Reach USD 58.36 Billion with a CAGR of 4.42% by 2028


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