Global automotive test equipment market Outlook and Future Scope Analysis And Forecast To 2025
Competitive Landscape:
Several companies are getting involved in the global global automotive test equipment market. Their strategic moves are inspiring their individual growth, as well as, impacting the market expansion from various sides. These companies are Honeywell International Inc. (U.S.), Delphi Automotive PLC (U.K.), ABB Ltd. (Switzerland), Teradyne Inc. (U.S.), Robert Bosch GmbH (Germany), Softing AG (Germany), Advantest Corp (Japan), Horiba Ltd. (Japan), Actia S.A. (France), and others.
In April 2019, Keysight Technologies received the OmniAir Qualified Test Equipment (OQTE) for their OmniAir Consortium. This technology is a vehicle-to-everything (V2X) test solution and is getting much traction from several leading automotive manufacturers and suppliers who are willing to invest in such technologies to increase their safety and efficiency levels.
Segmental Analysis
MRFR placed their case study of the global global automotive test equipment market on the basis of segmentation by product type, vehicle type, and applications. These segmentations carry detailed report of both volume-wise and value-wise information due to which the understanding of the market becomes more comprehensive.
Based on the vehicle type, the global global automotive test equipment market can be segmented into light commercial vehicle, heavy commercial vehicle, and passenger cars. The passenger cars segment is expected to draw substantial revenue due to its market proliferation.
Based on the application, the global global automotive test equipment market can be segmented into PC/ laptop-based scan tool, handheld scan tool, mobile device-based scan tool, and others. The handheld scan tool segment is expecting growth in sales during the forecast period.
Regional Analysis:
Based on the region, MRFR segmented their report on the global global automotive test equipment market by North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW). This analysis reveals the growth pockets that can impact the market considerably during the forecast period. At the same time, it eases the assessment process of the market by making the analysis more specific.
Europe has the second-best market. The regional growth is a result of a well-structured automotive industry. The industry is benefitting from the presence of several market titans, such a Mercedes, BMW, Volkswagen, and others.
North American market is witnessing a surge in automobile industry which is directly responsible for the rising intake of the global automotive test equipment market.
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