Future Vehicle Diagnostics Market: Key Dynamics, Size & Share Analysis
The Global Vehicle Diagnostics Market size was valued at around USD 42.19 billion in 2024 and is projected to reach USD 64.22 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.25% during the forecast period 2025-30. This market growth is attributed to the new vehicles that are getting increasingly complicated with their electronics, sensors, and software. Modern cars, buses, trucks, etc., have sophisticated electronic systems like advanced driver-assistance systems, autonomous driving technologies, infotainment systems, and electric powertrains. Such systems demand more sophisticated and accurate diagnostic tools to make sure that all systems work at the highest possible level of performance. Features such as lane-keeping assist, adaptive cruise control, and collision avoidance systems of ADAS require continuous monitoring and diagnostics for safety and reliability. With this increasing sophistication of vehicles, the demand for diagnostic tools and software to effectively monitor and maintain these systems is growing significantly, thereby boosting market size & volume.
Top Market Challenges Impacting the Vehicle Diagnostics Market Growth
Rising Road Accidents Creating Immense Demand for Diagnostic Features in Vehicles – Fast urbanization and expansion of road networks have been increasing vehicle ownership and traffic density worldwide. With more vehicles on the road, the risk of accidents is also surging in developing countries where infrastructure development is usually not parallel to this growth in traffic. The poorly maintained vehicles and improper services of vehicles further lead to incidents such as brake failures, system crashes, airbags remaining closed, etc. This has resulted in severe road accidents and casualties across the globe.
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Understanding the Core Segments in the Vehicle Diagnostics Market
Vehicle Diagnostics Market Size, Share & Industry Trends Analysis- By Offering (Hardware, (Diagnostic Scanners, Handheld Devices, Adapters and Connectors, Others (Battery Testers, Analysers, etc.)), Software)), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, (Light Commercial Vehicles, Medium & Heavy Commercial Vehicles)), By Propulsion (ICE (Internal Combustion Engine), Electric), By Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert, Roadside Assistance, Others (Vehicle Telematics, Emission Testing, etc.)), By End User (Automotive OEMs, Service Stations & Workshops, Fleet Operators, Government & Regulatory Bodies), and Others
Geographical Analysis of the Vehicle Diagnostics Market
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
Who Dominates the Vehicle Diagnostics Market Insights on Key Industry Players?
Companies are strengthening their presence in the Vehicle Diagnostics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
- Robert Bosch GmbH
- Continental AG
- Delphi Automotive PLC
- Onstar LLC
- Snap-On Inc.
- Magneti Marelli
- Softing AG
- VOXX International Corporation
- Vector Informatic
- Vidiwave Ltd.
- Pioneer Incorporation
- Alpine Electronics Inc.
- Garmin Ltd.
- Harman International
- Denso Europe B.V
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