Global Vehicle Diagnostics Market, By Vehicle Type (Passenger, Commercial, Agriculture), By Connecti

Published Date: | Report Code : AT1955684

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The Vehicle Diagnostics Market is anticipated to showcase tremendous demand during the forecast period owing to it’s increasing use in various applications such as emergency support, automated driving, vehicle health alert, roadside assistance, and tracking.

Vehicle diagnostics systems involve the use of robust diagnostic technologies needed to repair and maintain complicated electrical & electronic systems and sensors that allow the car to function properly. It is a system whereby a vehicle has the ability to self-diagnose and report. The vehicle diagnostics system is essentially an element of auto service and is used primarily in service stations for vehicles. The vehicle diagnostics system enables to identify and analyze vehicle-related issues that are conceivable to adversely impact overall operating efficiency and performance. A scanner is plugged into a port in the automobile for running a vehicle diagnostics to identify the defects, if present, in multiple-vehicle parts such as powertrain, chassis, body, etc.

Segment Analysis:

By application, the roadside assistance segment is expected to dominate the market during the forecast period, which is estimated to be the largest market in terms of volume. The high demand for roadside assistance as a pivotal function in cars is credited to the benefits it provides, including assistance during a vehicle breakdown, emergency assistance, and in case of critical failure sending a mechanic. There is significant growth in the market for such applications, with regulatory authorities planning to regulate some of the applications.

By connectivity, Bluetooth technology is estimated to hold the largest share in the market for vehicle diagnostics. During the forecast period, this trend is expected to continue. Bluetooth technology is used principally to facilitate in-car connectivity between the dashboard of a vehicle and electronic gadgets such as smartphones, laptops, and tablets. Bluetooth technology has become an important feature in vehicles due to the growing demand from end-users to introduce smartphone functions such as navigation, diagnostics, and infotainment inside the vehicle.

During the forecast period, the North American region is projected to be the largest market in vehicle diagnostics. This can be attributed to the region’s high innovative adoption rate and advanced technology. Besides, there is heavy demand in this region for luxury vehicles with advanced safety and security features. North America has some of the world’s most stringent vehicle safety, emissions, and fuel economy regulations; this is projected to stimulate the region’s vehicle diagnostics market. Data protection and privacy concerns are major factors restricting the expansion of the car diagnostics market. Due to the increased number of electronic components in the vehicle, it is essential to diagnose additional data in real-time. The need to provide information in real-time would put cybersecurity at risk, thus harming the market in the process.

Key Factors Impacting Market Growth:

  • Increase in the number of vehicle electrification
  • Internet of Things has made remote diagnostics possible
  • Growing demand for luxury commercial vehicles

Regional Analysis:

By region, North America, Western Europe, and Asia Pacific are estimated to dominate the vehicle diagnostics market in terms of market demand. North America and Western Europe have been traditional markets for the automotive sector with a number of global manufacturers headquartered in this region. The automotive sector in these regions has been dynamic in terms of technological developments and product modifications. The demand for lightweight materials, cleaner emissions, and green fuels have been some of the key influencing factors in this region. Also, the market has witnessed steady recovery from recent slowdowns in the past decades. Some of these factors are expected to impact the dynamics of vehicle diagnostics market in North America and Western Europe during the forecast period. The US, Germany, France, Italy, UK, and Spain have been some of the major economies for vehicle diagnostics market in the region.

The Asia Pacific is estimated to be the fastest-growing region for vehicle diagnostics market during the forecast period. This region has been one of the lucrative markets for the automotive sector in the past few decades with strategic investments by global companies in the region. China, Japan, India, and South Korea have been some of the major countries for vehicle diagnostics market in the Asia Pacific region. The Middle East promises a strong market potential with the growth of the automotive sector in the region. Countries including UAE, Saudi Arabia, Qatar, and Iran have been diversifying the industrial sector to boost the economy in the past few decades. Other regions including Eastern Europe, South America, and Africa are estimated to emerging markets with growing demand during the forecast period.

Companies Covered: Bosch Automotive Service Solutions, Continental AG, OnStar LLC, Mercedes-Benz, Subaru of America, Inc., BMW, Magneti Marelli S.p.A, Delphi Automotive PLC, Softing AG, Voxx International Corporation, Snap-On Inc., AVL List GmbH, Denso Corporation, Actia SA, SPX Corp, Kpit Technologies, General Technologies Corp, and others 

Market Segmentation:

By Vehicle Type:

  • Passenger
  • Commercial
  • Agriculture

By Connectivity:

  • Cloud
  • Bluetooth
  • Mobile Network 

By Application:

  • Emergency Support
  • Automated Driving
  • Vehicle Health Alert
  • Roadside Assistance
  • Tracking

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Vehicle Type
    • By Connectivity
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Vehicle Type
    • By Connectivity
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Vehicle Type
    • By Connectivity
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Vehicle Type
    • By Connectivity
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Vehicle Type
    • By Connectivity
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Vehicle Type
    • By Connectivity
    • By Application

Reasons to Buy This Report:

  • Market size estimation of the vehicle diagnostics market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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