Global Vehicle Diagnostics Market Overview:
Vehicle diagnostics is used in vehicles to find the overall condition of the vehicle, it finds the faults and fixes them quickly that are increasingly complex to deal with. This system tests the car and reveals the number of issues associated with it, whether it is the vehicle's engine and transmission, oil and gas tanks, exhaust system, and other systems. It also provides the correct reason behind the fault before the issue increases. The growing demand for the production of vehicles and increasing awareness about safety in vehicles is boosting the vehicle diagnostic market. Bluetooth connectivity is estimated to have a higher share of the market. Stringent government norms regarding fuel efficiency might hamper the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
The emerging software innovations are enhancing vehicle performance with increasing vehicle security and sustainability. With this, the number of ECUs and other networking involved with this are continually growing in the process.
Market Growth Drivers:
Rising Production of Vehicles across the World and Increasing Awareness of Vehicle Safety and Security
Challenges:
Vehicle Diagnostics may not Essentially Show Minor Mechanical Errors
Restraints:
The emergence of Cyber Security Threats Due to Increased Adoption of Automobile Electronic Components and Strict Norms of Government for Fuel Economy can Obstruct the Market Growth
Opportunities:
Bluetooth Technology is Projected to Contribute the Maximum to the Vehicle Diagnostics Market and Growing Demand for Premium cars with Safety and Security Globally
Competitive Landscape:
Some of the key players profiled in the report are Robert Bosch GmbH (Germany), Continental AG (Germany), OnStar LLC (United States), Mercedes-Benz (Germany), Subaru of America, Inc. (United States), Bayerische Motoren Werke AG (BMW) (Germany), Magneti Marelli S.p.A (Italy), Voxx International Corporation (United States), Snap-On Inc. (United States) and Vector Informatik GmbH (Germany). Additionally, following companies can also be profiled that are part of our coverage like Delphi Automotive PLC (United States) and Softing AG (Germany). Analyst at AMA Research see German Vendors to retain maximum share of Global Vehicle Diagnostics market by 2028. Considering Market by Distribution Channels, the sub-segment i.e. OEMs will boost the Vehicle Diagnostics market. Considering Market by Connectivity, the sub-segment i.e. Bluetooth will boost the Vehicle Diagnostics market.
"Unified Diagnostic Service (UDS) according to the ISO 14229 standard is a protocol used by diagnostic systems to communicate with ECUs in vehicles. The protocol is used to diagnose errors and reprogram ECUs. For example, it is possible to read and delete the fault memory of an ECU or to flash a new firmware on the ECU. UDS is called "Unified" because it combines and consolidates standards such as KWP 2000 (ISO 14230) or Diagnostics on CAN (ISO 15765) and is independent of vehicle manufacturers".
What Can be Explored with the Vehicle Diagnostics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Vehicle Diagnostics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Vehicle Diagnostics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Vehicle Diagnostics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Vehicle Diagnostics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Vehicle Diagnostics Manufacturers, Diagnostics Associations/Organisations, Research and Development Institutions and Consulting Companies, Vehicle Diagnostics International Traders, Vehicle Diagnostics Distributors and Suppliers, Vehicle Diagnostics Design Companies, Financial Institutions and Venture Capitals and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.