The global automotive diagnostics market report is segmented into type, device, application, and region.
WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, June 19, 2024 /EINPresswire.com/ -- The ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ข๐๐ ๐ง๐จ๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ report presents in-depth information related to the key drivers, restraints, and opportunities of the market with detailed impact analysis. Progress of the automotive industry, rise in demand for IoT-based technology, and high demand for safety features in vehicles are the key driving forces of the global automotive diagnostics market. However, factors such as high implementation cost along with complex configuration, the frequent requirement of troubleshooting, and high maintenance of automotive software generate a negative impact on growth.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A13069
Diagnostics are designed to be used in vehicles to determine the condition of the components used in the vehicle. Numerous types of vehicle diagnosis systems are offered by the companies operating in the market, which has created a positive impact on the growth of automotive diagnostics market. In addition, with advancements in vehicular technology, the need for installing on-board vehicular technology increased significantly, which has encouraged automotive diagnostics service providers to develop on-board diagnostics (OBD) for vehicles, thereby propelling the market growth.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐๐๐๐ญ๐จ๐ซ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐ค ๐๐ฆ๐๐, ๐๐ข๐จ๐ง๐๐๐ซ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ ๐ง๐ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐., ๐๐จ๐๐๐ซ๐ญ ๐๐จ๐ฌ๐๐ก ๐๐ฆ๐๐, ๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐ ๐, ๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐๐๐, ๐๐๐๐๐๐๐๐๐๐๐ ๐๐, ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐, ๐๐ง๐๐ฉ-๐จ๐ง ๐๐ง๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐๐, ๐๐๐ฅ๐ฉ๐ก๐ข ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ (๐ฌ๐ฎ๐๐ฌ๐ข๐๐ข๐๐ซ๐ฒ ๐จ๐ ๐๐จ๐ซ๐ ๐๐๐ซ๐ง๐๐ซ)
Based on type, the off-board segment accounted for the largest market share in 2020, contributing to more than half of the total share. On the other hand, the on-board segment is estimated to witness the fastest CAGR of 12.4% from 2021 to 2030.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/99eb33c7a23e15aafb3932002630f41b
Factors such as development of the automotive industry, increase in demand for IoT-based technology, and high demand for safety features in vehicles augment the growth of the global automotive diagnostics market. However, high implementation cost coupled with complexities in configuration and frequent requirement for troubleshooting & high maintenance cost of automotive software create a negative impact on the market across the globe. Conversely, developments in semi-autonomous & autonomous vehicles and advent of multifunctional system are expected to open new avenues for the manufacturers of automotive diagnostics during the forecast period.
The report offers detailed segmentation of the global automotive diagnostics market based on type, device, application, and region.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Based on region, North America contributed to the highest share in 2020, holding around two-fifths of the total share. On the other hand, Asia-Pacific is expected to portray the fastest CAGR of 13.3% during the forecast period.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A13069
Numerous developments have been carried out by the top manufacturers such as BMW AG, Continental AG, Delphi Automotive PLC., Denso Corporation, and Harman International toward offering automotive diagnostic systems. For instance, in April, 2019, Denso Corporation opened a Connected Services Pennsylvania Technical Center in Scranton. It was previously a part of EASE Simulation, Inc., an automotive diagnostics developer, that was fully acquired by DENSO in 2018. The technical center operates under Denso Products and Services Americas, Inc., and further enhances Densoโs ability to deliver cutting-edge aftermarket products and services to customers across North America.
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By type, the on-board segment is expected to register a significant growth during the forecast period.
Depending on device, the mobile-based tools segment is anticipated to exhibit significant growth in the near future.
Depending on application, the electric vehicle segment is anticipated to exhibit highest growth rate in the near future.
Asia-Pacific is anticipated to register the highest CAGR during the forecast period.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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