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Automotive Fault Diagnostic Scan Tools Market Trends

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

Automotive Fault Diagnostic Scan Tools Market Trends

Rapid technological advancements in the automotive industry are propelling the market growth. As automotive technology evolves rapidly, vehicles are incorporating innovative electronic systems, including advanced driver-assistance systems (ADAS), integrated infotainment, and complex powertrains. These innovations require fault diagnostic scan tools that can handle new and intricate protocols, interfaces, and data streams. Modern tools are evolving to include features such as real-time data analysis, predictive maintenance capabilities, and compatibility with various vehicle makes and models. This constant advancement is essential for accurately diagnosing and resolving emerging automotive issues, ensuring vehicles remain in optimal condition.
 

To gain business capabilities market players are focusing on strategic initiatives. For instance, in January 2023, Innova launched software and firmware updates for OBD2 scanner tools and dongles. This update expands tool functions, including more active test and special function capabilities such as battery reset, battery initialization, and alternator test. The demand for automotive fault diagnostic scan tools is growing, as they are essential for ensuring optimal vehicle performance and safety.
 

The substantial upfront investment required for advanced fault diagnostic scan tools can be a significant barrier for small repair shops and independent mechanics. The initial cost encompasses purchase price and potential expenses for software updates, training, and ongoing maintenance. For smaller operators, this high initial expense can limit their ability to access and invest in such technology. This financial hurdle can slow the adoption of new tools and affect the overall proliferation and usage of advanced diagnostic technologies in the automotive industry.
 

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.

Automotive Fault Diagnostic Scan Tools Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 200
  • Countries covered: 21
  • Pages: 250
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