The global automotive diagnostics market is expected to reach USD 58.36 Billion by 2028, according to a new report by Reports and Data. This can be mainly associated with the increasing applications of cloud diagnostics, neural networks and artificial intelligence, governments initiatives, due to increasing environmental concerns, intense competition in the car manufacturing market, need for reduced recalls and warranty repairs by highlighting specific issues, offering oems a direct line of communication with the customer and rise in the use of electronics in vehicles due to digitalization and connected mobility across the automotive industry
Automotive diagnostics refers to a vehicle’s reporting and self-diagnostic capability, which gives access to the vehicle owner or repair technician regarding the status of the various vehicle subsystems.
In the future, automotive diagnostics will be benefitted from AI, to produce real-time models of vehicles in order to develop preventative maintenance routines. This may be a useful tool for developers of MaaS enterprises and fleet managers, since they aim to reduce the downtime and repair costs and streamline their services. It will also be beneficial as autonomous vehicles and driverless vehicles begin to penetrate the market, since they must have integrated safety systems which ensure perfect operation.
Cloud-based systems will play a key role in the development of these systems, as data is transmitted and analysed in real-time in the cloud.
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The implementation of innovative technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) in the automobile industry is indeed driving revenue growth in the automotive diagnostics market. These technologies enable the development of advanced diagnostic tools that can effectively analyze large amounts of data in real-time, leading to faster and more accurate issue detection and diagnosis.
By integrating AI, ML, and IoT with diagnostic equipment, automotive manufacturers and service providers can offer enhanced diagnostic capabilities. These technologies enable the monitoring and analysis of various vehicle parameters, such as engine performance, emissions, and sensor data, facilitating proactive maintenance and reducing downtime. This integration also enables predictive maintenance, where potential issues can be identified before they escalate into costly repairs.
The revenue growth of the automotive diagnostics market is further boosted by the aftermarket sector. Aftermarket diagnostic tools cater to the needs of car owners, independent repair shops, and smaller service providers who require affordable and reliable instruments for maintenance and repair purposes. With the increasing number of vehicles on the road and the ongoing need for routine maintenance and repairs, the demand for aftermarket diagnostic tools continues to rise.
Overall, the convergence of advanced technologies, such as AI, ML, and IoT, with automotive diagnostics equipment, along with the growth of the aftermarket segment, contributes to the revenue growth of the automobile diagnostics sector. This trend is expected to continue as the automotive industry embraces digitalization and connectivity, leading to more sophisticated and efficient diagnostic solutions.
Vehicle type Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)
Communication system Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)
- Vehicle-To-Cloud (V2C)
- Vehicle-To-Pedestrian (V2P)
- Vehicle-To-Grid (V2G)
- Vehicle-To-Infrastructure (V2I)
- Vehicle-To-Vehicle (V2V)
- Vehicle-To-Device (V2D)
- Vehicle-To-Network (V2N)
- Vehicle-To-Home (V2H)
Equipment type Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)
- Exhaust Gas Analyzer
- Paint Scan Equipment
- Wheel Alignment Equipment
- Headlight Tester
Technology type Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)
- 4G LTE
Offering type Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)
Propulsion type Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)
- Electric Vehicle (EV)
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
- Internal Combustion Engine (ICE) Vehicle
Product type Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)
- OBD2 Scanner
- Multi-System Auto Diagnostic Tool
- OBDII Scanner Bluetooth Automotive ECU Coding Diagnostic Tool
- OBD2 Car Code Reader /Scan Tool
- OBD2 Adapter Check Engine Diagnostic Tool
- Smartphone Diagnostic Tool
Applications Outlook (Volume, Thousand units; 2020-2028 and Revenue, USD Billion; 2020-2028)
- Hand-held scan tools
- Code Reader
- Digital Pressure Tester
- TPMS Tools
- Battery Analyzer
- Mobile device-based tools and analysis
- PC-based scan tools and analysis platforms
- Data loggers
- Emission testing
- Driver’s supplementary vehicle instrumentation
- Vehicle telematics
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Major Regions Highlighted in the Global Automotive Diagnostics Market Report:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Top Companies Profiled in the Report:
Snap-On Inc., Denso Corp., SPX Corp., Dg Technologies, Avl List GmbH, Actia Group SA, Softing AG, General Technologies Corp, Etas GmbH, Hickok Inc., Dsa Daten- Und Systemtechnik GmbH, Delphi Automotive PLC, Bosch Automotive Service Solutions Inc., Robert Bosch GmbH, Continental AG, Hickok Incorporated, Actia SA, Kpit Technologies, and Snap on Incorporated., among others.
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