Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Automotive Diagnostic Scan Tools Market size is expected to reach $42.8 billion by 2027, rising at a market growth of 4.5% CAGR during the forecast period.
The Professional Diagnostics segment is generating high revenue in the Global Automotive Diagnostic Scan Tools Market by Type in 2020, thereby, achieving a market value of $19.7 billion by 2027. As the professional service centers have professionals for doing automobile services, the customers prefer professional diagnostics. High-quality parts, Service quality, and technical skills are the major factors augmenting the growth of professional diagnostics segment.
The Headlight Tester market is expected to witness a CAGR of 4.9% during (2021 - 2027). Headlight tester is used for testing, inspecting and adjusting beams of vehicle headlamps, fog lights etc. The reliability, measuring capabilities along with latest DSP processing system in headlight tester enhance the demand for Headlight Tester in automotive diagnostic scan market.
The Wi-Fi market is showcasing a CAGR of 5% during (2021 - 2027). Wi-Fi is among the most promising emerging technologies in automobile diagnostics. Wi-Fi has a greater operational range than Bluetooth and USB. Wi-Fi is utilized for DoIP (Diagnostics over Internet Protocol), and it is predicted to outperform Bluetooth throughout the projected period. WiFi has been critical in allowing car networking applications in vehicle diagnostics. Furthermore, Wi-Fi offers comprehensive data code transmission capacity that may be accessed by Bluetooth and USB for vehicle diagnostics.
The Passenger Cars segment is leading the Global Automotive Diagnostic Scan Tools Market by Vehicle Type in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $29.5 billion by 2027. Passenger automobiles contribute significantly to the quantity of pollution created by vehicular emissions. Passenger automobiles contribute significantly to the quantity of pollution created by vehicular emissions. Diagnostic scan tools are used to monitor and discover defects in the emission control system. When a fault is assigned, the dashboard light illuminates, signifying 'check engine.' Previously, skilled technicians accredited with ASE A6, A8, and L1 standards identified car defects. However, with the emergence of portable diagnostic instruments, DIY for small problems has gained traction in passenger vehicles. Consumers' level of living has risen in the last decade as a result of fast globalization and economic expansion in rising nations
The Diagnostic Software segment has high growth rate of 5.7% during (2021 - 2027). The growing need for passenger convenience fuels the demand for automotive system testing software. The vehicle system testing software improves human-machine interactions, streamlines productivity, and reduces development hardware costs. System testing software is rapidly being used by automakers and OEMs to improve the safety and dependability of their products, distinguish their services with telematics and infotainment devices, and provide real-time OTA software updates.
The Digital Pressure Tester market dominated the Global Automotive Diagnostic Scan Tools Market by Handheld Scan Tools in 2020; thereby, achieving a market value of $11.7 billion by 2027. Digital pressure tester recognizes the pressure from a liquid or gas and shows a direct reading of that pressure value on a digital display. It is used to perform compression tests in petrol and diesel engines as well oil pressure, low pressure common circuit and other. The stability and accuracy in results surged the demand of digital pressure tester segment.
The Asia Pacific is fastest growing region in the Global Automotive Diagnostic Scan Tools Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $15.4 billion by 2027. The Europe market is estimated to grow at a CAGR of 3.8% during (2021 - 2027). Additionally, The North America market would expect a CAGR of 4% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Robert Bosch GmbH, Siemens AG, Continental AG, Denso Corporation, Horiba Ltd., SGS S.A., Snap-on, Inc., Fortive Corporation (Fluke Corporation), DG Technologies (Dearborn Group), and Noregon Systems, Inc. (Hearst Communications, Inc.)
By Workshop Equipment
By Vehicle Type
By Offering Type
By Handheld Scan Tools
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