PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615978
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1615978
Automotive Fault Diagnostic Scan Tools Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Automotive Fault Diagnostic Scan Tools Market was valued at USD 9.9 billion in 2023 and is projected to grow at a CAGR of 6% from 2024 to 2032. This growth is largely driven by the increasing complexity of modern vehicles, which feature advanced electronic systems such as engine control units (ECUs), infotainment systems, and sensors for safety features like collision avoidance and adaptive cruise control. The need for diagnostic tools that can interface with multiple systems and protocols is rising, as these tools help efficiently identify and troubleshoot vehicle faults. Leading companies in the market are focused on developing innovative solutions to meet growing demand, catering to both professionals and car enthusiasts. The expansion of the global vehicle fleet is another key factor driving the market for automotive diagnostic tools.
These tools are essential for maintaining vehicle efficiency and safety, supporting growing demands from both dealerships and independent repair shops. With the increase in vehicle production, the demand for reliable diagnostic equipment to handle complex systems is expected to surge. The need for innovation and advanced tools to accommodate the growing variety of vehicle models continues to fuel market expansion. The market is segmented by component into hardware, software, and services.
The software segment accounted for around 28% market share in 2023, with modern diagnostic tools increasingly relying on advanced software to interpret complex vehicle data. These tools are equipped with features like predictive diagnostics, real-time data visualization, and detailed fault reporting, making them more effective. Advancements in artificial intelligence (AI) and machine learning (ML) are further enhancing the accuracy and efficiency of diagnostic software, driving demand for these cutting-edge solutions. Based on vehicle type, the market is categorized into passenger and commercial vehicles, with the passenger segment holding approximately 72.4% market share in 2023. The shift toward electric and hybrid vehicles is significantly influencing this segment.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $9.9 Billion |
| Forecast Value | $17.2 Billion |
| CAGR | 6% |
As these vehicles come with specialized components like high-voltage batteries and electric drivetrains, diagnostic tools need to be equipped with the right technologies to address these new challenges. Regionally, North America led the market in 2023, accounting for over 30% share, driven by strict emission regulations. Meanwhile, Europe is experiencing growth due to the rising adoption of advanced driver-assistance systems (ADAS), while Asia-Pacific is seeing a surge in demand due to rapid urbanization and increasing vehicle ownership.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates & calculations
- 1.2.1 Base year calculation
- 1.2.2 Key trends for market estimation
- 1.3 Forecast model
- 1.4 Primary research and validation
- 1.4.1 Primary sources
- 1.4.2 Data mining sources
- 1.5 Market scope & definition
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Hardware providers
- 3.2.2 Software provider
- 3.2.3 Services provider
- 3.2.4 Technology providers
- 3.2.5 End-user
- 3.3 Profit margin analysis
- 3.4 Pricing analysis
- 3.5 Technology & innovation landscape
- 3.6 Patent analysis
- 3.7 Key news and initiatives
- 3.8 Regulatory landscape
- 3.9 Impact forces
- 3.9.1 Growth drivers
- 3.9.1.1 Increasing complexity of automotive systems
- 3.9.1.2 Growing demand for safety and reliability of vehicles
- 3.9.1.3 Rise in electric and autonomous vehicles
- 3.9.1.4 Introduction of new emission norms and regulations
- 3.9.2 Industry pitfalls & challenges
- 3.9.2.1 Compatibility and interoperability issues
- 3.9.2.2 High cost of advanced tools
- 3.9.1 Growth drivers
- 3.10 Growth potential analysis
- 3.11 Porter's analysis
- 3.12 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component, 2021-2032 ($Bn, Units)
- 5.1 Key trends
- 5.2 Hardware
- 5.2.1 Scanners/readers
- 5.2.2 Testers
- 5.2.3 Code readers
- 5.2.4 Battery analyzers
- 5.2.5 Others
- 5.3 Software
- 5.3.1 Diagnostic software
- 5.3.2 Vehicle ECU coding software
- 5.3.3 Repair information software
- 5.3.4 Others
- 5.4 Services
- 5.4.1 Professional
- 5.4.2 Managed
Chapter 6 Market Estimates & Forecast, By Vehicle, 2021-2032 ($Bn, Units)
- 6.1 Key trends
- 6.2 Passenger vehicle
- 6.3 Commercial vehicle
- 6.3.1 Light commercial vehicle
- 6.3.2 Medium commercial vehicle
- 6.3.3 Heavy commercial vehicle
Chapter 7 Market Estimates & Forecast, By Application, 2021-2032 ($Bn)
- 7.1 Key trends
- 7.2 Engine diagnostics
- 7.3 Transmission diagnostics
- 7.4 Electrical system diagnostics
- 7.5 Others
Chapter 8 Market Estimates & Forecast, By End-User, 2021-2032 ($Bn)
- 8.1 Key trends
- 8.2 OEM
- 8.3 Automotive repair shops
- 8.4 Dealerships
- 8.5 Fleet management
Chapter 9 Market Estimates & Forecast, By Region, 2021-2032 ($Bn, Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Netherlands
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 ANZ
- 9.4.6 Southeast Asia
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 Saudi Arabia
- 9.6.3 South Africa
Chapter 10 Company Profiles
- 10.1 Actia Group
- 10.2 Autel Intelligent Technology Corp.
- 10.3 BlueDriver
- 10.4 CarMD.com Corporation
- 10.5 Continental AG
- 10.6 Delphi Automotive PLC
- 10.7 Denso Corporation
- 10.8 EAE Automotive Equipment Co., Ltd
- 10.9 Hickok Incorporated
- 10.10 Innova Electronics Corporation
- 10.11 Kpit Technologies
- 10.12 Launch Tech Co., Ltd
- 10.13 Opus Group (Drew Technologies)
- 10.14 OTC Tools
- 10.15 Robert Bosch GmbH
- 10.16 SeaFOAM Technologies Inc.
- 10.17 Snap-on Incorporated
- 10.18 Softing AG
- 10.19 Vector Informatik GmbH
- 10.20 Topdon
