Automotive Diagnostic Scan Tools Market Revenue and Value Chain 2015-2025

Automotive
Diagnostic Scan
Tools Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2015– 2025
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Description
Report Description
The electrification of automotive components is increasing rapidly as the consumers’ preference
is shifting from manual functions to sophisticated automated systems. Such technological
changes are increasingly demanding for tools which can detect the problem or the
malfunctioning of electronic system used in cars with ease. Automotive diagnostic scan tool are
set of electronic devices and software which are used to interface with diagnose systems.
Automotive diagnostic tools are also used to reprogram and upgrade the vehicle control
modules. Nowadays, number of companies are engage in manufacturing of diagnostic scan tools
with multifunctional capabilities which can read from simple codes to highly complex codes
while performing powertrain, chassis and body diagnostics. Automotive diagnostic scan tools are
widely used in vehicle service station for all types of vehicles ranging from passenger vehicle car
to heavy commercial vehicle to agriculture vehicles.
Automotive Diagnostic Scan Tools Market: Drivers & Restraints
Global automotive diagnostic scan tools market value represent significant growth in upcoming
years as a result of increasing number of vehicle in operations worldwide. Additionally,
increasing electrification of vehicles is fuelling demand for diagnostic systems. Implementation
of new communication technology within the automotive diagnostic scan tool is expected to
grow demand for diagnostic scan software as well. Growing number of service station,
increasing awareness about the sophisticated technology along with the other macroeconomic
factors are expected to contribute in the growth of the automotive diagnostic tools market.
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However, increased complexity of automotive electronic system architecture is expected to be
the major challenge for the growth of the global automotive diagnostic scan tool market.
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Automotive Diagnostic Scan Tools Market: Segmentation
Global automotive diagnostic scan tools market is segmented on the basis of geography and
product type. The product type segment of the automotive diagnostic scan tools market is
further segmented into diagnostic scan equipment and diagnostic scan software. The
automotive diagnostic scan tool is the predominant segment of the global automotive diagnostic
scan tools market which is expected to maintain the largest share during the forecast period
2015 to 2025.
Automotive Diagnostic Scan Tools Market: Overview
The automotive diagnostic scan tools market is expected to grow with CAGR of 6% to 8% over
the forecast period 2015 to 2025 as impact of various factors such as increasing vehicle in
operation, growing number of vehicle service stations, etc.
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Automotive Diagnostic Scan Tools Market: Region-wise Outlook
The global automotive diagnostic system market is geographically segmented into seven key
regions which are, North America, South America, Eastern Europe, Western Europe, Asia Pacific,
Japan and Middle East & Africa. As of 2014, North America dominated the market followed by
Europe, Asia-Pacific and Japan respectively. As per the growth rate the North America
dominates the market followed by Europe Asia Pacific and Japan.
Automotive Diagnostic Scan Tools Market: Key Players
Acquisitions and mergers are key strategies adopted by major companies to expand their
geographical presence and market share. Some of the key market players in global automotive
diagnostic scan tool markets are Denso Corp., Snap-On Inc., SPX Corp., Softing AG, Actia Group
SA, Avl List GmbH, Dg Technologies, Dsa Daten- Und Systemtechnik GmbH, Etas GmbH, General
Technologies Corp, Hickok Inc., Bosch Automotive Service Solutions, Inc.
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