In-Depth Study of Vehicle Diagnostics Market with Key Trends, Key Drivers & Key Players by 2028

vehicle diagnostics market Forecast to 2028 – Impact of COVID-19 and global analysis by vehicle type (light vehicle, commercial vehicle, heavy-duty vehicle); App (Auto Crash Notification, Vehicle Tracking, Vehicle Health Alert, Roadside Assistance); Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth) and geography

Vehicle diagnostics includes real-time vehicle performance profiling of oil pressure, temperature, fuel consumption, tire pressure, and more. All of this detailed information is sent to the back-end to increase performance, enable avoidable maintenance, and reduce maintenance costs. The vehicle diagnostic system is usually part of auto service and is widely used in many vehicle service stations. The growing production of vehicles is expected to drive the growth of the vehicle diagnostic systems market in the coming years. Rising customer preference for luxury cars with latest high-tech features is expected to drive the vehicle diagnostic systems market over the forecast period. Vehicle diagnostics help prevent unwanted damage that can occur if proper precautions are not taken regarding the condition of the vehicle.

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Companies profiled in this report include: AVL DiTEST GmbH, Continental AG, Delphi Technologies (BorgWarner Inc.), Denso Corporation, MAGNA Telemotive GmbH, Robert Bosch GmbH, Snap-on Incorporated., Softing AG, Vector Informatik GmbH, Vidiwave Ltd

MARKET SEGMENTATION

Based on vehicle type, the global vehicle diagnostics market is segmented into light-duty vehicles, commercial vehicles, and heavy-duty vehicles.

Based on application, the market is segmented into automatic accident notification, vehicle tracking, vehicle health alert and roadside assistance.

Based on connectivity, the market is divided into 3G, 4G LTE, Wi-Fi, and Bluetooth.

MARKET DYNAMICS

Drivers:

Growing inclination towards the latest technologies.

Growing urbanization and rising per capita disposable income to drive the growth of automotive diagnostics market.

New market players are entering the market given the growing demand for vehicle diagnostics.

Constraints

Compatibility of the latest technologies with certain vehicles.

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IMPACT OF COVID-19 ON THE VEHICLE DIAGNOSTIC MARKET

COVID-19 started in Wuhan (China) from December 2019 and since then it has been spreading across the world at a rapid pace. The United States, Russia, Brazil, India, United Kingdom, France, Italy, Turkey and Spain are among the worst affected countries in terms of confirmed cases and reported deaths. The COVID-19 pandemic has severely affected some of the industries and the economy of various countries mainly due to travel restrictions, business closures and lockdowns. Due to travel limitations and restrictions, the number of vehicles on the road has become very less. Thus, the chances of wear and tear itself have decreased. Additionally, the impact of COVID-19 has made customers more reluctant towards premium vehicles and new technologies. This is hampering the growth of the automotive diagnostics market in the current scenario.

Reason to buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automotive Diagnostics Market

Highlights key business priorities to help companies realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Vehicle Diagnostics Market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans using substantial growth offering in both developed and emerging markets.

Dig deep into the global market trends and outlook associated with the factors driving the market, as well as those hindering it.

Improve the decision-making process by understanding the strategies that drive business interest with respect to products, segmentation, and industry verticals.

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