MarkNtel Advisors – Leading Market Research Company found Global Vehicle Diagnostics Market is expected to reach 10.1% CAGR Growth By 2030.

This report provides a comprehensive analysis of the Global Vehicle Diagnostics Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.

Comprehensive Analysis of the Vehicle Diagnostics Market

Base Year: 2023

Forecast Years: 2024-2030

Historical Years: 2019-2022

If you’re interested in the assumptions considered in this study, you can download the PDF brochure-  - https://www.marknteladvisors.com/query/request-sample/vehicle-diagnostics-market.html

Scope of the Vehicle Diagnostics Market Report:

The Global Vehicle Diagnostics Market size is valued at USD 48.21 billion in 2023 and is projected to reach USD 88.22 billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 10.1% during the forecast period. 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.

Which prominent factor is expected to drive the Vehicle Diagnostics Market during 2024-30?

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 incidences such as brake failures, system crashes, airbags remaining closed, etc. This has resulted in severe road accidents and casualties across the globe. For Instance,

• In 2023, according to the World Health Organization (WHO), the number of annual road traffic deaths was about 1.19 million globally.

To mitigate these situations, regular diagnosis is carried out to detect impending failures of the critical components like brakes, tires, and steering systems creating the demand for vehicle diagnosis systems. This proactive approach in the maintenance of vehicles greatly reduces the risks of an accident occurring due to mechanical failure. Furthermore, the integration of telematics and connected vehicle technologies in vehicle diagnostics solutions makes provision for real-time monitoring and diagnostics, which enables fleet operators and individual drivers to receive real-time alerts on impending safety issues. This not only helps in avoiding accidents but also in post-accident analysis by providing data of value in improving vehicle standards of safety and design. Hence, surging road accidents dictate the need for vehicle diagnostics, thereby proliferating the growth of the Global Vehicle Diagnostic Market.

What are the different Segment Available in the Vehicle Diagnostics Market?

By Offering

• Hardware- Market Size & Forecast 2019-2030, USD Million
• Diagnostic Scanners- Market Size & Forecast 2019-2030, USD Million
• Handheld Devices- Market Size & Forecast 2019-2030, USD Million
• Adapters and Connectors- Market Size & Forecast 2019-2030, USD Million
• Others (Battery Testers, Analysers, etc.) - Market Size & Forecast 2019-2030, USD Million
• Software- Market Size & Forecast 2019-2030, USD Million

By Vehicle Type

• Passenger Vehicles- Market Size & Forecast 2019-2030, USD Million
• Commercial Vehicles- Market Size & Forecast 2019-2030, USD Million
• Light Commercial Vehicles- Market Size & Forecast 2019-2030, USD Million
• Medium & Heavy Commercial Vehicles - Market Size & Forecast 2019-2030, USD Million

By Propulsion

• ICE (Internal Combustion Engine) - Market Size & Forecast 2019-2030, USD Million
• Electric - Market Size & Forecast 2019-2030, USD Million

By Application

• Automatic Crash Notification- Market Size & Forecast 2019-2030, USD Million
• Vehicle Tracking - Market Size & Forecast 2019-2030, USD Million
• Vehicle Health Alert- Market Size & Forecast 2019-2030, USD Million
• Roadside Assistance- Market Size & Forecast 2019-2030, USD Million
• Others (Vehicle Telematics, Emission Testing, etc.) - Market Size & Forecast 2019-2030, USD Million

By End User

• Automotive OEMs- Market Size & Forecast 2019-2030, USD Million
• Service Stations & Workshops- Market Size & Forecast 2019-2030, USD Million
• Fleet Operators- Market Size & Forecast 2019-2030, USD Million
• Government & Regulatory Bodies- Market Size & Forecast 2019-2030, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacifi..

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/vehicle-diagnostics-market.html

Leading Vehicle Diagnostics companies operating in the Market

• 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
• Others.

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