What is the market size of Automotive Diagnostics Market?

Automotive Diagnostics Market size was valued at USD 32.82 billion in 2022 and is poised to grow from USD 39.02 billion in 2023 to USD 307.02 billion by 2031, growing at a CAGR of 18.9% during the forecast period (2024-2031).

Automotive Diagnostics Market Updates

Q: Who are the key vendors in the Automotive Diagnostics Market?

The automotive diagnostics market is characterized by intense competition among a various range of players, including MNCs, niche players and emerging startups. Major automotive diagnostics companies such as Bosch, Delphi Technologies, and Continental AG dominate the market with their extensive product portfolios, presence and strong brand recognition. These industry leaders use their technological expertise, R&D investments and strategic partnerships to maintain their competitive edge and control market share. Additionally, this market features many smaller players focusing on niche segments, offering specialized diagnostic solutions tailored to specific vehicle types, applications, or regions. At the same time, new emerging startups and technology firms further contribute to the competitive landscape by introducing innovative diagnostic technologies, disruptive business models and novel approaches to address evolving customer demands. Overall, the competitive landscape in the automotive diagnostics market is dynamic and full of continuous innovation, strategic alliances, and efforts to differentiate products and services to gain a competitive advantage in a rapidly evolving industry. 'Bosch (Germany)', 'Delphi Technologies (UK)', 'Continental AG (Germany)', 'Snap-on Incorporated (US)', 'Denso Corporation (Japan)', 'AVL List GmbH (Austria)', 'ACTIA Group (France)', 'Vector Informatik GmbH (Germany)', 'Siemens AG (Germany)', 'Softing AG (Germany)', 'Hickok Incorporated (US)', 'Texa S.p.A (Italy)', 'Launch Tech Co., Ltd. (China)', 'Autel Intelligent Technology Corp., Ltd. (China)', 'Snap-on Diagnostics (US)', 'MAHLE Aftermarket GmbH (Germany)', 'Autologic Diagnostics (UK)', 'DG Technologies (US)', 'Hickok Waekon (US)', 'Hickok (US)'.

Q: Which region accounted for the largest share in Automotive Diagnostics Market?

Based on the geography, the automotive diagnostics market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.

Automotive Diagnostics Market News

In February 2024, THINKCAR, a renowned provider of automobile diagnostic solutions, announced its latest invention, the ThinkTool Master X2. This cutting-edge 10.1-inch touchscreen tablet, based on the Android platform, is the successor of the Master X. With powerful features and sophisticated capabilities, the Master X2 is intended to suit the diversified demands of automotive professionals worldwide.
In October 2023, Reliance Jio launched JioMotive, a pocket-sized onboard diagnostics (OBD) gadget that can transform an ordinary automobile into a 'smart car'.
In May 2023, Bosch, a leading provider of automotive technology, introduced the Bosch Car Doctor, a compact diagnostic tool equipped with advanced scanning capabilities and real-time data analysis features. The Car Doctor aims to provide car owners with convenient access to vehicle health information, enabling them to identify and address issues promptly.
In September 2023, Snap-on, a renowned manufacturer of professional tools and equipment, unveiled the Snap-on Verus Pro, the latest iteration of its flagship diagnostic scanner series. The Verus Pro boasts enhanced connectivity options and an intuitive user interface, empowering automotive technicians to diagnose and repair vehicles with unparalleled efficiency.
In December 2023, Launch Tech, a prominent player in the automotive diagnostic industry, launched the Launch X-431 Pro V4. This state-of-the-art diagnostic tool combines extensive vehicle coverage with advanced bi-directional control capabilities, enabling technicians to perform a wide range of diagnostic and maintenance tasks with precision.

FAQs

Global Automotive Diagnostics Market size was valued at USD 40.6 billion in 2023 and is poised to grow from USD 46.57 billion in 2024 to USD 139.51 billion by 2032, growing at a CAGR of 14.7% during the forecast period (2025-2032).

The global automotive diagnostics market is characterized by intense competition among a various range of players, including MNCs, niche players and emerging startups. Major automotive diagnostics companies such as Bosch, Delphi Technologies, and Continental AG dominate the market with their extensive product portfolios, global presence and strong brand recognition. These industry leaders use their technological expertise, R&D investments and strategic partnerships to maintain their competitive edge and control market share. Additionally, this market features many smaller players focusing on niche segments, offering specialized diagnostic solutions tailored to specific vehicle types, applications, or regions. At the same time, new emerging startups and technology firms further contribute to the competitive landscape by introducing innovative diagnostic technologies, disruptive business models and novel approaches to address evolving customer demands. Overall, the competitive landscape in the automotive diagnostics market is dynamic and full of continuous innovation, strategic alliances, and efforts to differentiate products and services to gain a competitive advantage in a rapidly evolving industry. 'Robert Bosch GmbH (Germany) ', 'Continental AG (Germany) ', 'Denso Corporation (Japan) ', 'ZF Friedrichshafen AG (Germany) ', 'Delphi Technologies (UK) ', 'Valeo (France) ', 'Magneti Marelli S.p.A. (Italy) ', 'Snap-on Incorporated (USA) ', 'Actia Group (France) ', 'Launch Tech Co., Ltd (China) ', 'Autel Intelligent Technology Corp., Ltd. (China) ', 'SPX Corporation (USA) ', 'AVL List GmbH (Austria) ', 'Softing AG (Germany) ', 'Vector Informatik GmbH (Germany) ', 'Siemens AG (Germany) ', 'KPIT Technologies Ltd. (India) ', 'Excelfore Corporation (USA) ', 'Intrepid Control Systems, Inc. (USA) ', 'Opus Group AB (Sweden)'

The rapid increase in the number of connected car technologies helps in remote diagnostics and real-time monitoring is driving the demand for advanced diagnostic solutions capable of harnessing the benefits of connectivity to enhance vehicle diagnostics and maintenance processes.

Integration of AI and ML: Artificial Intelligence and Machine Learning technologies offer immense potential for enhancing automotive diagnostics by enabling predictive maintenance, anomaly detection, and automated fault diagnosis. With the help of AI-powered algorithms, companies can develop intelligent diagnostic systems capable of analysing vast amounts of data in real-time to anticipate and address potential issues immediately, which will improve reliability and reducing downtime of the vehicle.

Based on the geography, the global automotive diagnostics market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa.