Embedded Files
Automotive diagnostic tools are the combination of electronic devices software and software, used as an interface with diagnostic systems in automotive. Automobiles have become complex in recent years. The role and function of the advanced electronic systems that control the car have increased substantially. High-end vehicles have become computer controlled and fully-automated. The growing concern for reducing emission from vehicles, countries are anticipated to mandate the diagnostic systems.
The global Automotive Diagnostic Tool Industry is presumed to expand at 5% CAGR during the forecast period (2017-2023) owing to the growing complexity in the structure of vehicles, asserts Market Research Future (MRFR).
Regional Insights
Geographically, the Automotive Diagnostic Tool Industry span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World.
Among all the regions, the Asia Pacific region is estimated to register the highest growth rate in the global market. The growth is attributed to the increasing consumer preference for automobiles with advanced technologies. Strict government mandates focusing on controlling the emission levels also contribute to the market growth. Moreover, developing countries such as India, China, and Japan are highly adopting diagnosis equipment and tools which is presumed to foster the market growth in this region.
Competitive Dashboard
The prominent players operating the global Automotive Diagnostic Tool Industry are Softing AG (Germany), Snap on Incorporated (U.S.), AVL List GmbH (Austria), Denso Corporation (Japan), Continental AG (Germany), Actia SA (France), SPX Corp (U.S.), Robert Bosch GmbH (Germany), Kpit Technologies (India), and Hickok Incorporated (U.S.).
Segmental Analysis
The global Automotive Diagnostic Tool Industry has been segmented on the basis of product type, equipment type, vehicle type, and region.
By mode of product type, the global Automotive Diagnostic Tool Industry has been segmented into diagnostic equipment hardware, diagnostic software, automotive diagnostic scan tool technology, and repair and diagnostic data. Among these, the automotive diagnostic scan tool technology is presumed to be the predominant segment and is estimated to maintain the largest share in the coming years.
By mode of equipment type, the global Automotive Diagnostic Tool Industry has been segmented into wheel alignment tester, digital battery tester, vehicle emission test system, and others. Among these, the vehicle emission test system is anticipated to exhibit the fastest growth rate due to the increasing mandates from the government regarding vehicle emission. Moreover, the continuous monitoring of vehicle emission is driving the segment.
Read More :
https://www45.zippyshare.com/v/Ck9ZuwJD/file.html
https://issuu.com/www.marketresearchfuture.com/docs/automotive_artificial_intelligence_industry_
Google Sites
Report abuse