Automotive Diagnostic Scan Tools Market To Witness Phenomenal Proceeds Over 2021-2025

By Ronak Bora

Automotive diagnostic scan tools market is expected to reach USD 49 billion by 2025 owing to strict government regulation regarding vehicles. Presence of leading automakers such as Volkswagen, Porsche, Renault and Audi AG in the region could also play a vital role in the growth of Europe automotive diagnostic scan tools industry size. Additionally, increasing demand for passenger vehicles could further stimulate growth in the region’s automotive sector, in turn driving Europe automotive diagnostic scan tools market outlook.
Nowadays, numerous companies are manufacturing diagnostic scan tools with multifunctional capabilities which can read from simple to highly complex codes while running powertrain, chassis and body diagnostics, essentially establishing automotive diagnostic scan tools market as an attractive investment avenue.
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The rising adoption of mobility as a service (MaaS) has invariably increased the demand for commercial vehicles in the recent past. Here, it would be imperative to mention that the commercial vehicle segment of the automotive diagnostic scan tools market would reportedly grow at a decent pace over the forecast timeframe.
Adoption of Maas is simultaneously giving rise to vehicle tracking technologies in the market where automotive diagnostic technologies are being updated every day. Vehicle tracking is being utilized by cab service providers, movers and packers, food delivery services etc. to track the location of vehicles. With the integration of IT and telecommunications, vehicle tracking market, especially in corporate sector, is gaining immense prevalence. The enormous application of vehicle tracking in various sectors would also prove to be beneficial for increasing automotive diagnostic scan tools market size.
With rising adoption of MaaS, companies like Fujitsu are teaming up with cloud solution providers to gain competitive edge over their rivals. The company has teamed up with Autonomic, a subsidiary of Ford Smart Mobility, to offer global automotive OEMs a swift and flexible solution to promote the industry’s transformation toward MaaS models. Such collaborations are expected to create better solutions which will lead to an upsurge in automotive diagnostics scanner industry share.
Asia Pacific region is anticipated to be the most profitable terrain for automotive diagnostic scan tools market. The region is forecasted to exhibit an annual growth rate of over 8 percent between 2019 and 2025. Driven by major acquisitions between automakers and technology solutions providers along with the increasing adoption of MaaS, the worldwide automotive diagnostic scan tools industry size is set to surpass a remuneration portfolio of $49 billion by the year 2025.
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Partial Chapter of the Table of Content
Chapter 6. Automotive Diagnostic Scan Tools Market, By Application
6.1. Key trends, by application
6.2. Automatic crash notification
6.2.1. Automatic crash notification market estimates and forecast, 2014-2025
6.3. Vehicle tracking
6.3.1. Vehicle tracking market estimates and forecast, 2014-2025
6.4. Vehicle health alert & roadside assistance
6.4.1. Vehicle health alert & roadside assistance market estimates and forecast, 2014-2025
6.5. Repair and maintenance
6.5.1. Repair and maintenance market estimates and forecast, 2014-2025
6.6. Emission control
6.6.1. Emission control market estimates and forecast, 2014-2025
6.7. Others
6.7.1. Others market estimates and forecast, 2014-2025
Chapter 7. Automotive Diagnostic Scan Tools market, By Vehicle Type
7.1. Key trends, by vehicle type
7.2. Passenger vehicle
7.2.1. Passenger vehicle market estimates and forecast, 2014-2025
7.3. Commercial vehicle
7.3.1. Commercial vehicle market estimates and forecast, 2014-2025
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About Author

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport....

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