Vehicle Diagnostics Market Forecast 2024–2030: Key Players, Trends & Outlook

Overview of the Vehicle Diagnostics Market

This market research report offers detailed market analysis, industry insights, and growth forecasts for the Vehicle Diagnostics industry. It includes qualitative and quantitative research, competitive intelligence, and key market trends. Designed to support strategic planning, the report covers market segmentation, share data, and emerging opportunities—ideal for businesses, investors, and analysts seeking reliable data to inform decisions and understand the competitive landscape.

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Scope of the Report

• Market size and revenue (current & projected)
• Growth trends backed by real data
• Competitive landscape and who’s leading
• Opportunities and threats worth noting

Key Findings and Insights Market Size and Growth

The Global Vehicle Diagnostics Market size is valued at USD 48.21 billion in 2023 and is projected to reach USD 88.22 Billion in 2030. Along with this, the market is estimated to grow at a CAGR of around 10.1% during the forecast period. This market growth is attributed to the new vehicles that are getting increasingly complicated with their electronics, sensors, and software.

Key Factors Driving Growth

Rising Road Accidents Creating Immense Demand for Diagnostic Features in Vehicles– Fast urbanization and expansion of road networks have been increasing vehicle ownership and traffic density worldwide. With more vehicles on the road, the risk of accidents is also surging in developing countries where infrastructure development is usually not parallel to this growth in traffic. The poorly maintained vehicles and improper services of vehicles further lead to incidences such as brake failures, system crashes, airbags remaining closed, etc. This has resulted in severe road accidents and casualties across the globe.

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Vehicle Diagnostics Market Segmentation Insight (2024-30)

Break down the market into key segments such as:

By Offering

• Hardware- Market Size & Forecast 2019-2030, USD Million
  • Diagnostic Scanners- Market Size & Forecast 2019-2030, USD Million
  • Handheld Devices- Market Size & Forecast 2019-2030, USD Million
  • Adapters and Connectors- Market Size & Forecast 2019-2030, USD Million
  • Others (Battery Testers, Analysers, etc.) - Market Size & Forecast 2019-2030, USD Million
• Software- Market Size & Forecast 2019-2030, USD Million

Out of them both, the hardware segment holds a considerable market share in the vehicle diagnostics market globally.

By Vehicle Type

• Passenger Vehicles- Market Size & Forecast 2019-2030, USD Million
• Commercial Vehicles- Market Size & Forecast 2019-2030, USD Million
  • Light Commercial Vehicles- Market Size & Forecast 2019-2030, USD Million
  • Medium & Heavy Commercial Vehicles - Market Size & Forecast 2019-2030, USD Million

By Propulsion

• ICE (Internal Combustion Engine) - Market Size & Forecast 2019-2030, USD Million
• Electric - Market Size & Forecast 2019-2030, USD Million

By Application

• Automatic Crash Notification- Market Size & Forecast 2019-2030, USD Million
• Vehicle Tracking - Market Size & Forecast 2019-2030, USD Million
• Vehicle Health Alert- Market Size & Forecast 2019-2030, USD Million
• Roadside Assistance- Market Size & Forecast 2019-2030, USD Million
• Others (Vehicle Telematics, Emission Testing, etc.) - Market Size & Forecast 2019-2030, USD Million

By End User

• Automotive OEMs- Market Size & Forecast 2019-2030, USD Million
• Service Stations & Workshops- Market Size & Forecast 2019-2030, USD Million
• Fleet Operators- Market Size & Forecast 2019-2030, USD Million
• Government & Regulatory Bodies- Market Size & Forecast 2019-2030, USD Million

Based on end users, the service stations & workshops segment holds a substantial share of the market owing to the diversity of vehicles they provide services to and the sheer volume of vehicles as compared to OEMs and fleet operators. 

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Of them all, Europe is anticipated to dominate the market with the largest share during the forecast period. 

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Notable Industry Key Players

Get detailed profiles and strategic insights on major companies shaping the market, including:

• Robert Bosch GmbH
• Continental AG
• Delphi Automotive PLC
• Onstar LLC
• Snap-On Inc.
• Magneti Marelli
• Softing AG
• VOXX International Corporation
• Vector Informatic
• Vidiwave Ltd.
• Pioneer Incorporation
• Alpine Electronics Inc.
• Garmin Ltd.
• Harman International
• Denso Europe B.V

Request Methodology

• Robust methodology ensures accuracy and minimizes forecast deviations.
• Top-down and bottom-up analysis for precise market segmentation.
• Multi-angle data triangulation enhances reliability of insights.
• Expert-led primary research through surveys, interviews, and more.
• Predictive modeling delivers forward-looking market intelligence.

Key Questions Answered in This Market Research Report

• What is the current market size and total valuation?
• How fast is the market expected to grow in the coming years?
• What are the latest trends influencing the market?
• Which factors are driving or restraining market growth?
• How is the market segmented and geography?
• Who are the key players and what strategies are they adopting?
• What does the competitive landscape look like?
• Which regions offer the highest growth opportunities?
• What opportunities and challenges should stakeholders prepare for?

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