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.
Some of the factors responsible for the growth of this market are:
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:
“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.
Global Automotive Diagnostic Scan Tools Market - Industry Trends and Forecast to 2027