Global Vehicle Diagnostics

Global Vehicle Diagnostics Market Research Report: Forecast (2021-2026)

By Application (Automatic Crash Notification, Vehicle Tracking Market, Vehicle Health Alert, Roadside Assistance Market, Others), By Engine (IC Engine, (Cars, Light Commercial Vehicle, Medium & Heavy Read more

  • Automotive
  • Aug 2021
  • 187
  • AT10215

Vehicle Diagnostics are machines that identify & assess the operation of a vehicle & problems that affect these operations. 

The “Global Vehicle Diagnostics Market” is projected to grow at a CAGR of around 18.9% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The prime factors backing the rapid growth include the rapid technological advancements and expanding automotive industry. Besides, the increasing adoption of vehicle diagnostics due to a significant decline in service downtime & the effective prediction of faulty components is also anticipated to drive the market during 2021-26.

Moreover, the government support and participation of leading players to combat carbon emissions shall further lead the market to observe a significant rise in the forecast period. 

Report Coverage Details
Study Period   Historical Data: 2016-20
  Base Year: 2020
  Forecast Period: 2021-26
CAGR (2021-26)   18.9%
Regions Covered North America:USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Netherlands, Scandinavia 
Asia-Pacific: China, India, Japan, South Korea
South America: Brazil
Middle East & Africa: GCC
Key Companies Profiled Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Onstar LLC, Snap-On Inc., Magneti, Marelli, Softing AG, VOXX International Corporation, Vector Informatik, Vidiwave Ltd
Unit Denominations   USD Million/Billion

Covid-19 Severely Impacted the Global Vehicle Diagnostics Market

The outbreak of the Covid-19 pandemic negatively impacted almost all types of markets, including the Global Vehicle Diagnostics Market. The market underwent a decelerating effect, principally due to the imposition of lockdown & movement restrictions, which brought the market to its slowest growth rate. 

Additionally, the Global Vehicle Diagnostics market witnessed disruptions in supply chain & logistics, coupled with reduced production from manufacturing units due to the unavailability of raw materials & labor. Besides, the demand decline for new vehicles further deterred people from buying non-essential products & services, resulting in massive financial loss. 

However, with the gradual upliftment of restrictions, the Global Vehicle Diagnosis Market is expected to regain its traction in the forecast period. The market potential also hints toward the lucrative growth opportunities for leading market players in the coming years.

 

Global Vehicle Diagnostics Market Research Report: Forecast (2021-2026)

Market Segmentation

Hybrid Electric Vehicle (HEV) to Hold the Largest Share of the Global Vehicle Diagnostics Market

Based on the Engine, the Global Vehicle diagnostics Market segments into IC Engines and Electric Engines. The IC Engine further bifurcates into Cars, Light Commercial Vehicles, and Medium & Heavy Commercial Vehicles, while Electric Engine bifurcates into BEV & HEV.

Of them all, Hybrid Electric Vehicle (HEV) is more likely to dominate the market with the largest share in the forecast period.

It owes primarily to the rapidly increasing environmental concerns, coupled with government regulations to combat them. The significant sale of these vehicles, especially across Europe & Asia-Pacific regions, is likely to surge the demand for HEVs and fuel the market growth in the forecast period. 

Wi-Fi to Witness the Fastest Growth in the Global Vehicle Diagnostics Market

Based on the Connectivity, the Global Vehicle Diagnostics Market segments into 4G LTE, 3G, Wi-Fi, Bluetooth, and Others. Of them all, Wi-Fi is more likely to witness the fastest growth in the forecast period. It owes to the increasing technological advancements & dependency on easy-to-access devices and connectivity mediums for vehicle diagnostics. 

Since a Wi-Fi connection enables the user to provide an uninterrupted connection with the vehicle diagnostics and access the real-time status of the vehicle, the demand for Wi-Fi connectivity is rising significantly. Hence, it leads the segment to display the fastest market growth in the forecast period, states MarkNtel Advisors in their research report, “Global Vehicle Diagnostics Market Analysis, 2021-26.”

Market Driver

The prime factor that shall drive the Global vehicle Diagnostics Market in the forecast period is the rapidly increasing demand for Electric Vehicles, especially from regions like Europe & Asia-Pacific, which shall propel the demand for vehicle diagnostics significantly. Furthermore, easy fleet operations & insurances are also likely to create lucrative growth opportunities for the market players in the coming period. 

Market Restraints

Of all the factors supporting the market growth, some aspects might restrain the expansion of the Global Vehicle Diagnostics Market in the forecast period. These market restraints include the skyrocketing prices of technologically advanced vehicle diagnostics machines and the complex functioning that requires skilled technicians. Furthermore, the rising concerns about privacy & location sharing shall also restrain the market growth in the coming years. 

Regional Landscape

Europe to Attain the Largest Share of the Global Vehicle Diagnostics Market

Based on the region, the Global Vehicle Diagnostics Market expands across North America, South America, Europe, Middle East & Africa, and Asia-Pacific regions. Of them all, Europe is more likely to observe the fastest market growth in the forecast period. 

It owes primarily to the early adoption of technologically advanced vehicle diagnostics by various end-users across Europe. In addition, the stringent regulations to reduce carbon emissions are expected to encourage people to shift toward employing these diagnostics tools in vehicles and monitor the operation. The governments are actively participating in the market and mandating the need to install these tools in vehicles, thereby surging their demand significantly across the region. 

Nonetheless, the increasing number of service stations & automotive workshops, especially for vehicle diagnostic tools, shall also fuel the market in Europe in the forecast period.

Competitive Landscape

According to MarkNtel Advisors, the leading players in the Global Vehicle Diagnostics Market are Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Onstar LLC, Snap-On Inc., Magneti Marelli, Softing AG, VOXX International Corporation, Vector Informatik, Vidiwave Ltd.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the Global Vehicle Diagnostics Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Vehicle Diagnostics Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Vehicle Diagnostics Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Vehicle Diagnostics Market study?

Market Outlook, Segmentation, and Statistics

  • Impact of COVID-19 on Global Vehicle Diagnostics Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Application
      • Automatic Crash Notification
      • Vehicle Tracking Market
      • Vehicle Health Alert
      • Roadside Assistance Market
      • Others
    • By Engine
      • IC Engine
        • Cars
        • Light Commercial Vehicle
        • Medium & Heavy Commercial Vehicle
      • Electric
        • BEV
        • HEV
    • By Connectivity
      • 4G LTE
      • 3G
      • Wi-Fi
      • Bluetooth
      • Others
    • By Region
      • North America
      • South America
      • Europe
      • Middle East & Africa
      • Asia-Pacific
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • Global Vehicle Diagnostics Market Hotspots & Opportunities
  • Global Vehicle Diagnostics Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The Global Vehicle Diagnostics Market is likely to grow at a CAGR of around 18.9% in the forecast period of 2021-26.

A. Robert Bosch GmbH, Continental AG, Delphi Automotive PLC, Onstar LLC, Snap-On Inc, Magneti Marelli, Softing AG, VOXX International Corporation, Vector Informatik, Vidiwave Ltd are a few leading players in the Global Vehicle Diagnostics Market.

A. Hybrid Electric Vehicles (HEV) are expected to attain the highest CAGR and maintain their significant market share during the forecast period.

A. The rising demand for electric vehicles with modern technology shall surge the demand for Vehicle Diagnostics, coupled with facilities like fleet & insurances, which are expected to create remunerative growth opportunities in the forecast period. 

A. Owing to the gradual upliftment of restrictions, the Global Vehicle Diagnosis Market shall rapidly regain its traction & recover from the loss in the forecast period. It also hints toward the lucrative growth opportunities for leading market players in the coming years.

  1. Introduction
    1. Research Process
    2. Assumption
    3. Market Segmentation
    4. Market Definition
  2. Executive Summary
  3. Impact of COVID-19 on Global Vehicle Diagnostics Market
  4. Global Vehicle Diagnostics Market Regulations
  5. Global Vehicle Diagnostics Market Analysis Trends & Insights
  6. Global Vehicle Diagnostics Market Dynamics
    1. Market Growth Drivers
    2. Challenges
    3. Impact Analysis
  7. Global Vehicle Diagnostics Market Supply Chain Analysis, 2021
  8. Global Vehicle Diagnostics Market Analysis Hotspots & Opportunities
  9. Global Vehicle Diagnostics Market Strategic Imperatives for Success & Growth
  10. Global Vehicle Diagnostics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Applications
        1. Automatic Crash Notification
        2. Vehicle Tracking Market
        3. Vehicle Health Alert
        4. Roadside Assistance Market
        5. Others
      2. By Engine
        1. IC Engine
          1. Cars
          2. Light Commercial Vehicle
          3. Medium & Heavy Commercial Vehicle
        2. Electric
          1. BEV
          2. HEV
      3. By Connectivity
        1. 4G LTE
        2. 3G
        3. Wi-Fi
        4. Bluetooth
        5. Others
      4. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa (MEA)
        5. Asia Pacific
      5. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in MarkNtel Quadrant
  11. North America Vehicle Diagnostics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Applications
      2. By Engine
      3. By Connectivity
      4. By Country
        1. The US Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        2. Canada Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        3. Mexico Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
  12. South America Vehicle Diagnostics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Applications
      2. By Engine
      3. By Connectivity
      4. By Country
        1. Brazil Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
  13. Europe Vehicle Diagnostics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Applications
      2. By Engine
      3. By Connectivity
      4. By Country
        1. Germany Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        2. France Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        3. The UK Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        4. Spain Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        5. Italy Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        6. The Netherlands Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        7. Scandinavia Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
  14. Middle East & Africa Vehicle Diagnostics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Applications
      2. By Engine
      3. By Connectivity
      4. By Country
        1. GCC Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
  15. Asia Pacific Vehicle Diagnostics Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
    2. Market Share & Analysis
      1. By Applications
      2. By Engine
      3. By Connectivity
      4. By Country
        1. China Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        2. Japan Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        3. South Korea Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
        4. India Vehicle Diagnostics Market Outlook, 2016-2026F
          1. Market Size & Analysis
            1. By Revenues
          2. Market Share & Analysis
            1. By Applications
  16. Company Profiles (Business Description, Financial Analysis, Strategic Alliances, Mergers & Acquisitions, Patents, etc.)
    1. Robert Bosch GmbH
    2. Continental AG
    3. Delphi Automotive PLC
    4. Onstar LLC
    5. Snap-On Inc.
    6. Magneti Marelli
    7. Softing AG
    8. VOXX International Corporation
    9. Vector Informatik
    10. Vidiwave Ltd
  17. Disclaimer
Vehicle Diagnostics Market Segmentation