US Automotive Diagnostics Market Size 2026

Posted by Pradip on January 7th, 2020

Market Size – USD 9.64 Billion in 2018, Market Growth - CAGR of 4.0%, Market Trends –Increasing innovations in artificial intelligence

New York, March 28, 2019 - The US Automotive Diagnostics Market is expected to reach USD 13.34 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the need for reduced recalls and warranty repairs by highlighting specific issues, offering OEMs a direct line of communication with the customer and rise in the use of electronics in vehicles due to digitalization and connected mobility across the automotive industry. Automotive diagnostics in US refers to a vehicle's reporting and self-diagnostic capability, which gives access to the vehicle owner or repair technician regarding the status of the various vehicle subsystems.

US is the hub for a number of manufacturers of the technology and aim for better infrastructure. The region has no budget constraints due to its high income, favorable government policies and regulations for an effective transportation system.

Leading vendors in the market are included based on profile, business performance etc. Vendors mentioned as follows:

General Motors, BMW, Daimler, Honda, Audi, Toyota, Volvo, Ford Motor Company, Nissan, and Fiat Chrysler Automobiles, among others.

View Full Report Description with Table and Content@ https://www.reportsanddata.com/report-detail/automotive-diagnostics-market

Vehicle type Outlook (Revenue, USD Billion; 2018-2026)

• Commercial
• Passenger

Communication system Outlook (Revenue, USD Billion; 2018-2026)

• Vehicle-To-Cloud (V2C)
• Vehicle-To-Pedestrian (V2P)
• Vehicle-To-Grid (V2G)
• Vehicle-To-Infrastructure (V2I)
• Vehicle-To-Vehicle (V2V)
• Vehicle-To-Device (V2D)
• Vehicle-To-Network (V2N)
• Vehicle-To-Home (V2H)

Equipment type Outlook (Revenue, USD Billion; 2018-2026)

• Exhaust Gas Analyzer
• Paint Scan Equipment
• Wheel Alignment Equipment
• Dynamometer
• Headlight Tester

Technology type Outlook (Revenue, USD Billion; 2018-2026)

• 4G LTE
• 3G
• Bluetooth
• Wi-Fi

Offering type Outlook (Revenue, USD Billion; 2018-2026)

• Software
• Hardware

Propulsion type Outlook (Revenue, USD Billion; 2018-2026)

• Electric Vehicle (EV)
• Battery Electric Vehicle (BEV)
• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Fuel Cell Electric Vehicle (FCEV)
• Internal Combustion Engine (ICE) Vehicle

Product type Outlook (Revenue, USD Billion; 2018-2026)

• 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

In market segmentation by geographical regions, the report has analysed the following regions-       

• North America
• Europe
• China
• Japan
• Middle East & Africa
• India
• South America
• Others

Exploring growth rate over a period

For more clarity on the real potential of the US Automotive Diagnostics market for the forecast period of 2016 - 2026 the study provides vital intelligence on the major opportunities, threats and challenges posed by the industry. Besides, a strong emphasis is laid on the weaknesses and strengths of some of the prominent players operating in the same market. Quantitative assessment of the recent momentum brought about by events such as collaborations, acquisition and mergers, product launches and technology innovation empower product owners, marketing professionals and business analysts make a profitable decision, reduce cost and increase their customer base.

Further key findings from the report suggest

• By vehicle type, the market is segmented into commercial and passenger vehicles. The passenger vehicle type is going to have the highest growth of 5.4% during the forecast period.
• By equipment type, the market is segmented into exhaust gas analyzer, paint scan equipment, wheel alignment equipment, dynamometer and headlight tester.
• The growth of the exhaust gas analyzer segment can be due to the increasing implementation of stringent emission regulations and policies in North America.
• By propulsion type, the market is segmented into electric vehicle (EV) and internal combustion engine (ICE) Vehicle.
• The growth of electric vehicles is expected to witness the highest growth of 5.7% during the forecast period, due to the adoption of the technology by many vehicle manufacturers.
• By product type, the market is segmented into 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 and Others.
• The automotive diagnostic OBD2 Car Code Reader /Scan Tool is the dominant segment of the market in 2018; with a forecasted CAGR of 3.6% during the forecast period.
• By communication system, the market is segmented into Vehicle-to-Vehicle (V2V), Vehicle-to-Network (V2N), Vehicle-to-Infrastructure (V2I), Vehicle-to-Grid (V2G), Vehicle-to-Device (V2D), Vehicle-to-Cloud (V2C), Vehicle-to-Pedestrian (V2P) and Vehicle-to-Home (V2H).
• Vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communications, two wireless technologies, to witness the highest CAGR of 4.8%.