Automotive Diagnostic Scan Tools Market size is anticipated to reach USD 70 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of automotive diagnostic scan tools was over USD 35 Billion.The growth of the market can primarily be attributed to the growing demand for automotive diagnostic scan tools amongst transport industries owing to the adoption of various measures & standards to reduce nitrogen oxide (NOX) emissions from heavy-duty vehicles (HDVs) worldwide. According to the data, ~40% to 80% of NOX emission reduction from HDVs is projected under Euro VI-equivalent standards by 2040.
With the recent advancements in the automobile sector as well as rising research and development (R&D), the demand for automotive diagnostic scan tools is on the rise amongst mobility service providers, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global automotive diagnostic scan tools market during the forecast period. For instance, global research and development (R&D) spending in the automobile sector reached more than USD 135 billion in 2020.
Growth Drivers
Challenges
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
7% |
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Base Year Market Size (2022) |
USD 35 Billion |
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Forecast Year Market Size (2033) |
USD 70 Billion |
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Regional Scope |
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Vehicle Type (Passenger Car, Commercial Vehicle)
The global automotive diagnostic scan tools market is segmented and analyzed for demand and supply by vehicle type into passenger vehicles and commercial vehicles. Amongst these segments, the passenger vehicle segment is anticipated to garner the largest revenue by the end of 2033, backed by the growing penetration of handheld and connected diagnostic scan tools amongst automobile users along with the surge in the production of passenger vehicles worldwide. For instance, globally, over 57 million passenger cars were produced in 2021. Moreover, the increasing demand for passenger cars among consumers, and rapid globalization are boosting the growth of the market.
Our in-depth analysis of the global automotive diagnostic scan tools market includes the following segments:
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By Product Type |
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By Equipment Type |
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By Connectivity |
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By Vehicle Type |
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Asia Pacific Market Forecast
The Asia Pacific region automotive diagnostic scan tools market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The presence of a strong automobile network in the region, the rising demand for diagnostic scanners and other preventive tools in the automobile sector along with the growing production of vehicles. For instance, the total production volume of vehicles in India was recorded to be about 22 million units in 2022. Additionally, the growing manufacturing plants, and addition of value-added supply chains between manufacturers and raw material providers, and increasing disposable income are expected to propel the market growth.
Continental AG – revealed that it uses live data feeds through its Autodiagnos Pro OBD-II Scan Tool and Automotive Diagnostic System and delivers comprehensive vehicle health reports to technicians and service shops.
Actia Group SA - announced that its Multi-Diag- diagnostic and repair tool, can help in unlocking the secure access system of recent FIAT Chrysler Automobiles (FCA) vehicles by providing a quick and guided procedure for it.
Author Credits: Harshita Srivastava, Saima Khursheed
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