Diagnostic Scan Tools Market Technology Advancement and Growth 2025 - PowerPoint PPT Presentation

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Diagnostic Scan Tools Market Technology Advancement and Growth 2025

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The diagnostic scan tools market was valued at US$ 463.1 million in 2016 and is projected to reach US$ 720.3 million by 2025, exhibiting a CAGR of 5.02% over the forecast period – PowerPoint PPT presentation

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Title: Diagnostic Scan Tools Market Technology Advancement and Growth 2025


1
Diagnostic Scan Tools Market - Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

2
REPORT DESCRIPTION
Diagnostic Scan Tools Market Overview
Diagnostic Scan systems are electronic tools
programmed to find significant applications as an
interface to diagnose problems or malfunctioning
of any operations in an automobile. These tools
enable in upgrading and reprograming of the
vehicles control module. On the basis of
technology, these products include, handheld,
mobile device/pc/laptop based scan tools, data
loggers, emission testing, vehicle telematics,
and supplementary vehicle instrumentation. Accord
ing to International Organization of Motor
Vehicle Manufacturers (OICA) data, the number of
vehicles in use have witnessed an increase of
over 3.7 CAGR over the term of 2005 to 2015,
pegged at over 1.28 billion vehicles in 2015.
Moreover, according to the organizations sales
data, average sales of the vehicles has witnessed
CAGR of over 3.2 over the period of 2006 to
2016, accounting for around 93.9 million vehicle
sales in 2016. Growth in the vehicles in use and
sales is expected to lead to increasing demand
for automotive maintenance and services in the
near future. Moreover, in order to reduce time
and effort for detection, maintenance, and repair
of automobiles is a factor expected to fuel
growth of the global diagnostic scan tools market
over the forecast period.
3
REPORT DESCRIPTION
High growth rate of vehicle per thousand
inhabitants coupled with limited number of
authorized service centers and workshops have in
turn led to significant demand for do-it-yourself
kits Do-it-yourself (DIY) kits offer easy
operability and have gained significant
popularity in the recent past. This has led to
significant demand for these kits. These DIY kits
have led to significant reduction in demand for
diagnostic equipment and are projected to hamper
the overall diagnostic scan tools market growth
over the forecast period. Advancements in
technology in the development of communication
and compactness of diagnostic equipment devices
have led to significant growth in adoption of
these devices. Handheld equipment and wireless
communication-based equipment offer features such
as mobility and efficiency in detection of
automotive internal conditions and faults. These
technologies are increasingly gaining traction.
In conjunction with these factors, growing
motorization rate per thousand inhabitants every
year across the globe, which was 182 vehicles per
1000 inhabitants in 2015, as per OICA, is
expected to propel growth of the diagnostic scan
tools market over the forecast period. Request
sample Copy of this Reporthttps//www.coherentmar
ketinsights.com/insight/request-sample/1185

4
REPORT DESCRIPTION
Based on the product type, diagnostic equipment
(hardware) segment was dominant in the global
diagnostic scan tools market share in 2016, and
is expected to continue its dominance over the
forecast period. This aids in fault detection
reliance on the analog and digital components to
enable functionality of such devices. However,
software segment is expected to witness highest
growth over the forecast period, as software
analyzes the complex codes to perform diagnosis
of powertrain, chassis, and the body.
Additionally, introduction of compact tools to
reduce space footprint and incorporation of
wireless communications is expected to
significantly contribute to growth of the
market. Europe diagnostic scan tool market was
dominant in terms of value share in 2016, owing
to high utilization of the hardware systems in
the region. Moreover, increasing consumer
preference for more precise diagnosis for their
vehicles has led to increased proliferation of
advanced devices and systems. Some of the key
players in the global diagnostic scan tools
market are Actia SA, AVL List GmbH, Continental
AG, Delphi Automotive PLC, Denso Corporation,
Hickok Incorporated, Kpit Technologies, Robert
Bosch GmbH, Snap on Incorporated, and Softing
AG Request For Customization _at_
https//www.coherentmarketinsights.com/insight/req
uest-customization/1185
5
ABOUT COHERENT MARKET INSIGHTS
ABOUT US
Coherent Market Insights is a global market
intelligence and consulting organization focused
on assisting its plethora of clients achieve
transformational growth by helping them make
critical business decisions. We are headquartered
in India, with an office at the global financial
capital in the U.S. Our client base includes
players from across all business verticals in
over 150 countries worldwide. We are uniquely
positioned to help businesses around the globe
deliver practical and lasting results through
various recommendations about operational
improvements, technologies, emerging market
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that help our clients create visionary growth
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meticulously study emerging trends across various
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to identify new opportunities for our clientele.
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6
ABOUT COHERENT MARKET INSIGHTS
Industries we cater
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7
ABOUT COHERENT MARKET INSIGHTS
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We implement holistic market research methodology
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CUSTOMIZED SOLUTIONS
8
THANK YOU
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