Global Diagnostic Scan Tools Market Growing Popularity And Rising Trends In ThePosted by rohit on March 12th, 2020 Market Overview An automotive scan tool (scanner) is an electronic tool used to interface with, diagnose and, sometimes, reprogram vehicle control modules. These tools help upgrade and reprogram vehicles control modules. On the basis of technology, these products include, handheld mobile device/pc/laptop based scan tools, data loggers, emission testing, vehicle telematics, and supplementary vehicle instrumentation. According to International Organization of Motor Vehicle Manufacturers (OICA) data, the number of vehicles in use have witnessed an increase of over 3.7% CAGR over the term of 2005 to 2015, pegged at over 1.28 billion vehicles in 2015. Moreover, according to the organizations sales data, average sales of the vehicles has witnessed CAGR of over 3.2% over the period of 2006 to 2016, accounting for around 93.9 million vehicle sales in 2016. Growth in vehicle sales is expected to increase demand for automotive maintenance and services in the near future. Moreover, the need to reduce time and effort for detection, maintenance, and repair of automobiles is major factor expected to fuel growth of the global diagnostic scan tools market over the forecast period. Request Sample Copy of this Report @https://www.coherentmarketinsights.com/insight/request-sample/1185 Market Dynamics Growing stringency of regulations regarding emission and economy standards, primarily in Europe and North America, to reduce carbon footprints have led to increasing demand for effective maintenance of the vehicles. For instance, U.S. Environmental Protection Agency, lists the federal emission and related sulfur standards, require utilization of advanced components and engine architecture. According to Coherent Market Insights’ analysis, number of ECUs in a high end or luxury cars can reach up to 150. Requirement to efficiently diagnose the problems with the help of diagnostic scan tools is expected to be among the prominent growth drivers of the market. Moreover, ability of the advanced systems to diagnose problems in multiple automotive models utilizing a single scanner has also led to significant increase in adoption of the systems at service centers is fueling growth of the global diagnostic scan tools market. Detailed Segmentation:
Request For Customization @ https://www.coherentmarketinsights.com/insight/request-customization/1185 Key companies covered as a part of this study include Actia SA, AVL List GmbH, Continental AG, Delphi Automotive PLC, Denso Corporation, Hickok Incorporated, Kpit Technologies, Robert Bosch GmbH, Snap on Incorporated, and Softing AG About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |