Global Vehicle Diagnostics Market research a healthy CAGR in the forecast period of 2019-2026. Global Vehicle Diagnostics Market research report encompasses a comprehensive study of the product specifications, revenue, cost, price, gross capacity, and production. The Global Vehicle Diagnostics Market report is a scrupulous investigation of the current scenario of the global market, which covers several market dynamics. Global Vehicle Diagnostics Market research report encompasses a comprehensive study of the product specifications, revenue, cost, price, gross capacity, and production.Global Vehicle Diagnostics Market research report is a great resource providing current as well as upcoming technical and financial details of the automotive industry for the forecast period.
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Market Analysis: Global Vehicle Diagnostics Market
Global vehicle diagnostics market is expected to rise to an estimated value of USD 51.80 billion by 2026, registering a healthy CAGR in the forecast period of 2019-2026.
Key Market Competitors: Global Vehicle Diagnostics Market
Few of the major competitors currently working in the vehicle diagnostics market are Delphi Technologies; VOXX International Corp.; KPIT; Robert Bosch GmbH; AVL; Hickok Inc; SPX CORPORATION; OnStar, LLC; Vector Informatik GmbH; DENSO CORPORATION; General Technologies Corp.; Repairify, Inc.; ETAS; ACTIA Group; Continental AG; Magneti Marelli S.p.A.; DSA Daten- und Systemtechnik GmbH; Snap-on Incorporated; Vidiwave Limited; Softing AG and Dearborn Group, dba: DG Technologies.
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Vehicle diagnostics can be defined as the process of detection of any faults in automotive with the help of equipments/tools that are used in combination with software/system. It can be termed as a continuous vehicle monitoring system which provides the information and reporting of any flaws in the vehicle system with the help of diagnostic tools installed in the vehicle.
- By Equipment Type (Exhaust Gas Analyser, Wheel Alignment Equipment, Headlight Tester, Paint Scan Equipment, Dynamometer),
- By Product Type (OBD2 Scanner, Multi-System Auto Diagnostic Tool, OBDII Scanner Bluetooth Automotive ECU Coding Diagnostic Tool, OBD2 Car Code Reader/Scan Tool, OBD2 Adapter Check Engine Diagnostic Tool, Smartphone Diagnostic Tool, Others),
- By Application (Hand-Held Scan Tools, ACN, Vehicle Tracking, Mobile Device-Based Tools & Analysis, Data Loggers, PC-Based Scan Tools & Analysis Platforms, Vehicle Health Alert, Vehicle Telematics, Emission Testing, Driver’s Supplementary Vehicle Instrumentation, Roadside Assistance),
- By Communication System (V2C, V2P, V2G, V2I, V2V, V2D, V2N, V2H),
- By Connectivity (4G LTE, 3G, Wi-Fi, Bluetooth),
- By Offering (Software, Hardware),
- By Vehicle Type (Commercial, Passenger),
- By Aftermarket (Light-Duty Vehicle Diagnostic Aftermarket, CV Vehicle Diagnostic Aftermarket),
- By Propulsion Type (EV, ICE Vehicle),
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Key Developments in the Market:
- In October 2018, DENSO CORPORATION announced that they had acquired EASE Simulation Inc. After this acquisition, EASE Simulation Inc. will be merged with DENSO Products and Services Americas, Inc. This acquisition will help DENSO in expanding into software-based solutions for automotive diagnostics technologies.
- In October 2017, Repairify, Inc. announced that they had completed the acquisition of Professional Automotive Diagnostics. After the acquisition Repairify, Inc. will be integrated into asTech business brand of Repairify, Inc., this acquisition will also help in expansion of the business capabilities of the company.
Competitive Analysis: Global Vehicle Diagnostics Market
Global vehicle diagnostics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vehicle diagnostics market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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- To gain information about the top players in this industry, their product portfolios, and their key strategies
- Key parameters which are driving this market and restraining its growth
- Comprehensive quantitative analysis of the industry is provided for the period of 2019-2026 to assist stakeholders to capitalize on the prevailing market opportunities.
- What all challenges manufacturers will face as well as new opportunities and threats faced by them.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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