Automotive Diagnostic Scan Tools Market Trend, Growth & Innovation Trends by 2030

1
2022
Automotive Diagnostic Scan Tools Market Analysis,
Trends, Developments, Challenges and Opportunities
2
With the surging sales of automobiles, enactment
of strict emission norms, and increasing
complexities associated with automotive
electronics, particularly in connected cars, the
demand for automotive diagnostic scan tools is
rising sharply. The rising urbanization rate,
especially in developing countries such as India,
Indonesia, and China, is propelling the
requirement for automobiles. As diagnostic scan
tools are critical for the efficient and smooth
operation of automobiles, their demand is
soaring, owing to the expansion of the automobile
industry. In addition, the governments of many
countries have made maintenance and inspection
checks mandatory in order to reduce the emission
of greenhouse gases from vehicles, which is also
pushing up the demand for automotive diagnostic
tools. For example, the Environmental Protection
Agency (EPA) enacted the Clean Air Act and
amended it in 2001, which made the administration
of vehicle maintenance and inspection programs
mandatory for 33 local regions and states in
order to curb vehicular emissions and meet the
required air quality standards via the use of
on-board diagnostics (OBD) technology.
3
Furthermore, the rapid advancements being made in
the automobile technology have caused a sharp
spike in the requirement for medium and high-end
electric vehicles and connected cars. These
automobiles are equipped with several advanced
features such as advanced driver assistance
systems (ADAS), automatic braking,
vehicle-to-infrastructure (V2I) connectivity, and
vehicle-to-vehicle (V2V) connectivity in order to
improve the driving experience, majorly through
telematics and navigation services. The adoption
of these features and systems involves the use of
numerous processors and sensors, which increases
the complexities of automotive systems.
Therefore, in order to resolve any issues
associated with these automotive electronics,
automotive diagnostic scan tools are required.
Due to these factors, the automotive diagnostic
scan tools market is exhibiting huge expansion.
Automotive diagnostic scan tools are required for
maintaining and repairing both commercial and
passenger vehicles. Between these, the usage of
these tools is predicted to rise rapidly in
passenger vehicles in the coming years. This is
ascribed to the growing deployment of passenger
cars across the globe. Apart from this, the
mushrooming requirement for greater vehicle
safety is also pushing up the requirement for
these tools, as per the observations of the
market research company, PS Intelligence.
4
Globally, the demand for automotive diagnostic
scan tools is predicted to rise at the fastest
pace in the Asia-Pacific (APAC) region in the
coming years. This is attributed to the growing
adoption of passenger vehicles and the growing
per capita income in countries such as Indonesia,
China, and India. In addition, the increasing
concerns being raised over the deteriorating air
quality levels and the launch of ambitious
government projects and plans such as the
electrification of vehicles in order to reduce
vehicular emissions are also predicted to propel
the sales of automotive diagnostic scan tools in
the region in the coming years. Hence, it can be
said with confidence that the demand for
automotive diagnostic scan tools will surge
sharply in the forthcoming years, primarily
because of the growing sales of automobiles and
increasing complexities associated with various
automotive electronics.
5

• This study covers
• 1. Historical and the present size of the
  Automotive Diagnostic Scan Tools Market
• 2. Historical and the present size of the market
  segments and understand their comparative future
  potential
• 3. Potential of on-demand logistics services, so
  the market players make informed decisions on the
  sales of their offerings
• 4. Competitive scenario of various market
  segments across key countries in several regions
  for uncovering market opportunities for the
  stakeholders
• 5. Major players operating in the market and
  their service offerings

6
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS Intelligence ensures
the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
publications is subject to fluctuations, as it is
based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS Intelligence publications represents opinions
based on research and should not be interpreted
as statements of fact. Information in this report
was believed to be correct at the time of
publication, but cannot be guaranteed. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
publications. All intellectual properties,
including trademarks and copyrights, belong to
their respective owners and may be protected by
copyright. Under no circumstance can these be
reproduced in any form without prior written
agreement of their owners. An order for market
research report is intended for internal use of
the company only and not for disclosure to third
parties or any other publication in general. No
service, report, or part thereof provided by PS
Intelligence can be reproduced, republished,
resold, revealed, distributed, circulated, or
sublicensed in any medium or form now realized or
hereafter become realized, including but not
limited to, all forms of optical-based media,
magnetic, electronic, or digital, without a
written permission from Prescient Strategic
Intelligence Pvt. Ltd.