Global Automotive Diagnostic Scan Tools Market
Automotive diagnostic scan tool is an electric tool which is specially designed for the diagnoses and reprogramming of the vehicle control modules. As per the specification and performance they have the ability to upgrade vehicle system. They are very useful as they have the ability to detect the problem in sophisticated automated systems. Automotive diagnostic scan tool consists of electronic devices and software that communicate with diagnostic systems. In simple words, there main function is to identify the fault in the vehicles. Today, several companies are involved in the production of multifunctional diagnostic scanning devices that can read from basic codes to extremely complicated codes when conducting powertrain, chassis and body diagnostics.
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Some of the factors responsible for the growth of this market are:
- Implementation of new communication technology within the automobile industry: There are different communication technologies which are used in the automobile industry so they can help the vehicles to prevent accidents, and enhance safety. Vehicle to vehicle communication system helps the vehicle to communicate with each other so they can warn driver about crashes and also stops crashes. Different short range radios are used to communicate and are also used to transfer speed, location and other. They make sure to provide safety to the driver by providing them safety alerts
- Vehicles in operation at an ever increasing pace by number: Today, vehicles are very important part of everyone life. The modern car was a benefit to the economy, helping to bind people in ways that were never possible before. Using vehicle is very beneficial for one because they provide them comfort, convenience, independence, and also saves time. One can easily travel from one place to another. Today cars are also equipped with advanced and modern features which enhance the driver’s safety and prevent crashes
The global automotive diagnostic scan tools market is segmented as product type as diagnostic equipment, and diagnostic software and vehicle type as passenger vehicles, & commercial vehicles
Some of the launches and acquisition in the market are as follow:
- In October 2018, DENSO announced the acquisition of EASE Simulation Inc. EASE's complete acquisition helps DENSO to improve the services offered by its Original Equipment Service (OES), aftermarket and non-automotive businesses. The business is a major addition to the DENSO community and falls into their long-term goal of creating and encouraging new value for mobility's future
- In October 2017, asTech announced the acquisition of Professional Automotive Diagnostics. The introduction of Professional Automotive Diagnostics would enhance the current employees of technicians already working on the Phoenix market. This will help the company to expand their services and strengthen their position in the market
“According to Data Bridge Market Research, global automotive diagnostic scan tools market is set to witness substantial CAGR of 5.0% in the forecast period of 2018 to 2025”
The other players in the market are Snapon Diagnostics Customer Service, SPX Corporation, Continental AG, Siemens AG, MBL Impex Pvt Ltd., Horiba Inc., Autel Intelligent Technology Corp Ltd., Ampro Testing Machines, AVL List GmbH, DG Technologies, ETAS GmbH, KPIT Technologies Ltd., SGS SA, and Fluke Corporation, Vogelsang & Benning, Vector Informatik India Pvt. Ltd., DENSO Corporation, ACTIA Group, Bosch Automotive Service Solutions Inc., Delphi Technologies, Hickok Inc., among others.
Improvement in the standard of living of people has increased the demand for vehicles which is positively affecting the market. Availability of complex automotive electronics in connected cars is also raising the demand for diagnostic scan tools. Because diagnostic scanning tools are needed to operate these vehicles smoothly and efficiently, the demand for these tools is also growing. They have the ability to quickly identify and rectify faults which is also impacting the market positively. These are some of the factors creating new opportunities for this market in the forecast period.
