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Automotive Fault Diagnostic Scan Tools Market Size

Report ID: GMI11590
Published Date: Sep 2024
Report Format: PDF

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Automotive Fault Diagnostic Scan Tools Market Size

The global automotive fault diagnostic scan tools market size was valued at USD 9.9 billion in 2023 and is anticipated to grow at a CAGR of over 6% between 2024 and 2032. Increased vehicle complexity is anticipated to drive the market growth. Modern vehicles are equipped with advanced electronic systems, including complex engine control units (ECUs), infotainment systems, and sensors for functions such as collision avoidance and adaptive cruise control. This complexity requires diagnostic tools that can interface with multiple systems and protocols to effectively identify and troubleshoot faults. To meet growing market demand major player are focusing on introduction of new tools in the market.

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For instance, in 2023, TOPDON launched latest diagnostic tool, TopScan. This innovative diagnostic tool caters to car enthusiasts and technicians for offering a user-friendly interface, comprehensive functions, and the capability to diagnose and resolve vehicle issues effortlessly. As vehicles incorporate more advanced technologies, the demand for diagnostic scan tools that offer comprehensive coverage and detailed analysis grows.

Automotive Fault Diagnostic Scan Tools Market Report Attributes
Report Attribute	Details
Base Year:	2023
Automotive Fault Diagnostic Scan Tools Market Size in 2023:	USD 9.9 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	6%
2032 Value Projection:	USD 17.2 Billion
Historical Data for:	2021 - 2023
No. of Pages:	250
Tables, Charts & Figures:	200
Segments covered:	Component, Vehicle, Application, End-user
Growth Drivers:	Increasing complexity of automotive systems Growing demand for safety and reliability of vehicles Rise in electric and autonomous vehicles Introduction of new emission norms and regulations
Pitfalls & Challenges:	Compatibility and interoperability issues High cost of advanced tools

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Rapidly growing vehicle fleet is driving the automotive fault diagnostic scan tool market growth. These tools are essential for identifying and addressing issues in a wide range of vehicles, ensuring they operate efficiently and safely. For instance, in March 2024, the Indian Government reported a 20% increase in automotive production with a significant portion incorporating advanced automotive system for better performance & reliability. This increase in vehicle production reflects the growing consumer demand and drives the need for efficient fuel delivery technologies.

With more vehicles requiring servicing, both dealerships and independent repair shops need advanced tools to handle the diverse and complex systems found in modern automobiles. The expanding vehicle fleet drives continuous demand for these tools and prompting ongoing innovations to keep pace with the increasing variety of vehicle models and technologies.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of automotive fault diagnostic scan tools reached USD 9.9 billion in 2023 and is set to grow at over 6% CAGR between 2024 and 2032, due to increased vehicle complexity.

The software component segment is expected to record 28% share in 2023, due to need for tools that can process large amounts of information from different vehicle systems

North America market held over 30% share in 2023 led by stringent emission regulations

Autel, AVL DiTEST GmbH, Continental AG, Delphi Technologies, Denso Corp., Launch Tech UK Ltd., Robert Bosch, Snap on Incorporated, Softing AG, and Vector Informatik GmbH.