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December 18, 2020

Vehicle Diagnostics Market Rapid Growth, Competition Outlook and Future Scope 2025

The Global Vehicle Diagnostics Market is projected to reach around USD 39.6 billion by 2027 at a CAGR of around 13.8%.

Vehicle diagnostic is used to identify the correct cause of faults or problems after a breakdown in vehicles with the help of tools and then reprogramming it with support and software required to complete the repair. To run this test, a scanner is plugged into the port of the vehicle which helps in analysing a number of issues associated with the oil and gas tanks, engine and transmission, exhaust system, and other systems. This is extensively used for all types of vehicles ranging from the passenger car, light commercial vehicle to heavy commercial vehicle.

Vehicle Diagnostics Market: Drivers & Restraint

Market Driver:

Rising Demand for Safety concerns

The vehicle diagnostic system helps in analysing any flaws with the help of tools installed in the vehicle and also tracks vehicle safety by monitoring driver’s performance to reduce risks of rapid acceleration, aggressive braking or speeding. Any safety failures may result in severe injury or loss of life. Rising vehicle accidents worldwide is driving the demand for consumer awareness towards vehicle safety features.

Thus, rising demand for safety concerns is expected to drive the vehicle diagnostics market growth during the forecast period.

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Stringent Regulations for Emission Reduction

With growing environmental concerns, strict regulations are imposed such as Bharat Stage Emission Standards (BSES), Clean Air Act, and others for reducing CO2 emission. The government of most of the countries have made vehicle diagnostic test, inspection and maintenance checks compulsory. For instance, the Clean Air Act states to conduct inspection programs to address the issues for vehicle emissions, vehicle maintenance and help in meeting the air quality standards.

So, stringent regulations imposed to reduce emissions is anticipated to boost the market growth during the forecast period.

Market Restraint:

Data Security Threats

Increasing number of electronic components in the vehicle would require additional data to be diagnosed on a real-time basis. Moreover, vehicles now can communicate with other devices through wired or wireless interfaces such as USB, Bluetooth, Wi-Fi,3G or even 4G LTE. The need to provide real-time information and communication would bring the threat of cyber-attacks.

Hence, data security threats are a restraining factor for vehicle diagnostics market growth during the assessment period.

Vehicle Diagnostics Market: Key Segments

  • Based on Application: Vehicle Health Alert, Vehicle Tracking, Automatic Crash Notification (ACN), Roadside Assistance, Emission Testing, and Others.
  • Based on Connectivity: Bluetooth, Wi-Fi, 3G, and 4G LTE.
  • Based on Vehicle Type: Passenger Cars, Light-Commercial Vehicle (LCV) and Heavy-Commercial (HCV).
  • Based on Sales Channel: Original Equipment Manufacturer (OEM) and Aftermarket.
  • By Region Covers: North America, South America, Europe, Asia-Pacific, Middle East & Africa, with individual country-level analysis.

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Vehicle Diagnostics Market: Report Scope

The report on the global vehicle diagnostics market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Vehicle Diagnostics Market include:

  • Robert Bosch GmbH (Germany) (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Continental AG (Germany)
  • Delphi Technologies (Ireland)
  • DENSO CORPORATION (Japan)
  • Snap-on Incorporated (US)
  • Magneti Marelli S.p.A. (Italy)
  • Softing AG (Germany)
  • Vector Informatik GmbH (Germany)
  • Vidiwave Ltd (UK)
  • OnStar, LLC (US)
  • VOXX International Corp. (US)
  • Other Key Companies

Vehicle Diagnostics Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Vehicle Diagnostics Market, by Application

  • Vehicle Health Alert
  • Vehicle Tracking
  • Automatic Crash Notification (ACN)
  • Roadside Assistance
  • Emission Testing
  • Others

Vehicle Diagnostics Market, by Connectivity

  • Bluetooth
  • Wi-Fi
  • 3G
  • 4G LTE

Vehicle Diagnostics Market, by Vehicle Type

  • Passenger Cars
  • Light-Commercial Vehicle (LCV)
  • Heavy-Commercial (HCV)

Vehicle Diagnostics Market, by Sales Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

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Vehicle Diagnostics Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

  • What are the prominent developments affecting the market globally and its growth?
  • What will be the impact of the developments in the market on the industry and the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market worldwide?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the world?
  • How are the key players leveraging in the present market scenario globally?

Table of Content

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Rising Demand for Safety Concerns
      2. Stringent Regulations for Emission Reduction
    3. Restraint
      1. Data Security Threats
    4. Opportunities
      1. Growing Electrification in Vehicles
    5. Challenges
      1. Presence of Local Players
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. VEHICLE DIAGNOSTICS MARKET BY APPLICATION, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Vehicle Health Alert
    3. Vehicle Tracking
    4. Automatic Crash Notification (ACN)
    5. Roadside Assistance
    6. Emission Testing
    7. Others
  1. VEHICLE DIAGNOSTICS MARKET BY CONNECTIVITY, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Bluetooth
    3. Wi-Fi
    4. 3G
    5. 4G LTE
  1. VEHICLE DIAGNOSTICS MARKET BY VEHICLE TYPE, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Passenger Cars
    3. Light-Commercial Vehicle (LCV)
    4. Heavy-Commercial (HCV)
  1. VEHICLE DIAGNOSTICS MARKET BY SALES CHANNEL, Market Size in USD Million and Units (2019-2027)
    1. Introduction
    2. Original Equipment Manufacturer (OEM)
    3. Aftermarket
  1. VEHICLE DIAGNOSTICS MARKET BY REGION, Market Size in USD Million and Units (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Norway
      7. Spain
      8. The Netherlands
      9. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Australia & New Zealand
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  2. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  3. COMPANY PROFILES
    1. Robert Bosch GmbH (Germany)
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Continental AG (Germany)
    3. Delphi Technologies (Ireland)
    4. DENSO CORPORATION (Japan)
    5. Snap-on Incorporated (US)
    6. Magneti Marelli S.p.A. (Italy)
    7. Softing AG (Germany)
    8. Vector Informatik GmbH (Germany)
    9. Vidiwave Ltd (UK)
    10. OnStar, LLC (US)
    11. VOXX International Corp. (US)
    12. Other Key Companies
  4. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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