Global Vehicle Diagnostics Market report is the best option to acquire a professional in-depth study on the current state for the market. The report is formulated based on the market type, organization size, availability on-premises, the end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. This market report also involves the drivers and restraints for the Global Vehicle Diagnostics Market that are derived from SWOT analysis and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market are by systemic company profiles. Global Vehicle Diagnostics Market research report encompasses a comprehensive study of the product specifications, revenue, cost, price, gross capacity, and production.
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Market Analysis: Global Vehicle Diagnostics Market
Global vehicle diagnostics market is expected to rise to an estimated value of USD 51.80 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026.
Key Market Competitors: Global Vehicle Diagnostics Market
Few of the major competitors currently working in the vehicle diagnostics market are-Vector Informatik GmbH; DENSO CORPORATION; General Technologies Corp.; Repairify, Inc.; ETAS; ACTIA Group; Continental AG; Magneti Marelli S.p.A.; DSA Daten- und Systemtechnik GmbH; Snap-on Incorporated; Delphi Technologies; VOXX International Corp.; KPIT; Robert Bosch GmbH; AVL; Hickok Inc; SPX CORPORATION; OnStar, LLC; Vidiwave Limited; Softing AG and Dearborn Group, dba: DG Technologies.
Vehicle diagnostics can be defined as the process of detection of any faults in automotive with the help of equipments/tools that are used in combination with software/system. It can be termed as a continuous vehicle monitoring system which provides the information and reporting of any flaws in the vehicle system with the help of diagnostic tools installed in the vehicle.
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- Increasing focus from OEMs to detect the problems or faults in their vehicles so that the upgraded model can be commercialised without any faults; this factor is expected to drive the market growth
- Increasing focus of governments and authorities to implement RDE tests and other emission tests is expected to drive the market growth
- By Equipment Type (Exhaust Gas Analyser, Wheel Alignment Equipment, Headlight Tester, Paint Scan Equipment, Dynamometer),
- By Product Type (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, Others),
- By Application (Hand-Held Scan Tools, ACN, Vehicle Tracking, Mobile Device-Based Tools & Analysis, Data Loggers, PC-Based Scan Tools & Analysis Platforms, Vehicle Health Alert, Vehicle Telematics, Emission Testing, Driver’s Supplementary Vehicle Instrumentation, Roadside Assistance),
- By Communication System (V2C, V2P, V2G, V2I, V2V, V2D, V2N, V2H),
- By Connectivity (4G LTE, 3G, Wi-Fi, Bluetooth),
- By Offering (Software, Hardware),
- By Vehicle Type (Commercial, Passenger),
- By Aftermarket (Light-Duty Vehicle Diagnostic Aftermarket, CV Vehicle Diagnostic Aftermarket),
- By Propulsion Type (EV, ICE Vehicle),
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Key Developments in the Market:
- In October 2018, DENSO CORPORATION announced that they had acquired EASE Simulation Inc. After this acquisition, EASE Simulation Inc. will be merged with DENSO Products and Services Americas, Inc. This acquisition will help DENSO in expanding into software-based solutions for automotive diagnostics technologies.
- In October 2017, Repairify, Inc. announced that they had completed the acquisition of Professional Automotive Diagnostics. After the acquisition Repairify, Inc. will be integrated into asTech business brand of Repairify, Inc., this acquisition will also help in expansion of the business capabilities of the company.
- The report offers market share appraisals for regional and global levels
- To gain detailed overview of parent market
- Information about key drivers, restraints, opportunities, and their impact analysis on the market size has been provided.
- The study provides an in-depth analysis of the Market and current & future trends to elucidate imminent investment pockets.
- Identify growth segments and opportunities in the industry
Competitive Analysis: Global Vehicle Diagnostics Market
Global vehicle diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vehicle diagnostics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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