Edit Content

Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Automotive Diagnostic Market to reach USD billion by 2027.

Global Automotive Diagnostic Market Size study, by Type (On-board and Off-board), Device (Hand-held Tools, Mobile-based Tools, PC-based Tools, and Others), and Application (Passengers Cars, Light Commercial Vehicles, Heavy Commercial Vehicles, and Electric Vehicles) and Regional Forecasts 2021-2027

Product Code: ALTAMC-92854943
Publish Date: 10-09-2021
Page: 200

Global Automotive Diagnostic Market is valued approximately USD billion in 2020 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2021-2027. Automotive diagnostics is the process of examining a vehicle’s status to determine if it and its associated components are in good working order. To perform vehicle diagnostics, a variety of hardware and software components are utilized to build devices that provide precise information about the component or vehicle part. A vehicle-specific diagnostic system can identify faults with the engine, transmission, exhaust system, brakes, and other main components, as well as performance concerns regarding the fuel injector, air flow & coolant, ignition coils, and throttle. Vehicle diagnostic tools use specialized software, sensors, and microchips to rapidly and precisely pinpoint trouble areas in a vehicle’s engine or elsewhere. Vehicle repair providers have created on-board and off-board diagnostic devices, which provide precise information on the defective item placed in a vehicle, owing to technological advancements. The global automotive diagnostics market is being driven by the growth of the automotive sector, an increase in demand for IoT-based technologies, and a growing need for safety features in cars. However, issues such as high installation costs, complexity in setup, and the frequent need for troubleshooting and expensive maintenance of automotive software have a negative influence, stifling the market’s growth globally. On the other hand, advances in semi-autonomous and autonomous cars, as well as the introduction of multifunctional systems, are projected to provide lucrative possibilities for the worldwide automotive diagnostic market to grow over the forecast period. For instance, in April 2021, BMW AG, got FlexRay cables for EPS rack diagnostics. The company’s cable MS-39009 is used to diagnose electronic steering racks in BMW 5, 7, and 8 series vehicles. Similar innovations and product releases by these market players contribute to the global automotive diagnostic market’s growth.

The main regions of Asia Pacific, North America, Europe, Latin America, and the Rest of the World are included in the geographical analysis of the worldwide Automotive Diagnostic market. The market is dominated by North America, which is expected to develop at a significant CAGR over the forecasting years. This is because North America is home to a lot of technology firms that strive for improved infrastructure, has no financial limitations owing to the region’s high wealth, and has favourable government laws and regulations for an efficient transportation system. By 2027, the Asia Pacific region is anticipated to have the largest market growth. The expansion of the market in this area is being driven by an increase in vehicle production and automotive workshops in both organized and unorganized markets.
Major market player included in this report are:
Continental AG
Delphi Automotive PLC
Denso Corporation
Harman International
MAGNA International
Pioneer Corporation
Robert Bosch GmbH
Snap-On Inc.
Vector Informatik
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Mode of Operation offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
By Device
Hand-held Tools
Mobile-based Tools
PC-based Tools
By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Electric Vehicles
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Automotive Diagnostic Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Automotive Diagnostic Market, by Region, 2019-2027 (USD Billion)
1.2.2. Automotive Diagnostic Market, by Type, 2019-2027 (USD Billion)
1.2.3. Automotive Diagnostic Market, by Device, 2019-2027 (USD Billion)
1.2.4. Automotive Diagnostic Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Diagnostic Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Diagnostic Market Dynamics
3.1. Automotive Diagnostic Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Growing automotive industry Emergence of FinTechs Rising demand for alternative investment
3.1.2. Market Challenges Lack of pricing transparency Conflicting regulations across different jurisdictions
3.1.3. Market Opportunities Advancement in technology Untapped potential of developing countries
Chapter 4. Global Automotive Diagnostic Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Automotive Diagnostic Market, by Type
5.1. Market Snapshot
5.2. Global Automotive Diagnostic Market by Type, Performance – Potential Analysis
5.3. Global Automotive Diagnostic Market Estimates & Forecasts by Type 2018-2027 (USD Billion)
5.4. Automotive Diagnostic Market, Sub Segment Analysis
5.4.1. On-board
5.4.2. Off-board
Chapter 6. Global Automotive Diagnostic Market, by Device,
6.1. Market Snapshot
6.2. Global Automotive Diagnostic Market by Device, Performance-Potential Analysis
6.3. Global Automotive Diagnostic Market Estimates & Forecasts by Device, 2018-2027 (USD Billion)
6.4. Automotive Diagnostic Market, Sub Segment Analysis
6.4.1. Hand-held Tools
6.4.2. Mobile-based Tools
6.4.3. PC-based Tools
6.4.4. Others
Chapter 7. Global Automotive Diagnostic Market, by Application,
7.1. Market Snapshot
7.2. Global Automotive Diagnostic Market by Application, Performance-Potential Analysis
7.3. Global Automotive Diagnostic Market Estimates & Forecasts by Application, 2018-2027 (USD Billion)
7.4. Automotive Diagnostic Market, Sub Segment Analysis
7.4.1. Passenger Cars
7.4.2. Light Commercial Vehicles
7.4.3. Heavy Commercial Vehicles
7.4.4. Electric Vehicles
Chapter 8. Global Automotive Diagnostic Market, Regional Analysis
8.1. Automotive Diagnostic Market, Regional Market Snapshot
8.2. North America Automotive Diagnostic Market
8.2.1. U.S. Automotive Diagnostic Market Type breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 Device breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Automotive Diagnostic Market
8.3. Europe Automotive Diagnostic Market Snapshot
8.3.1. U.K. Automotive Diagnostic Market
8.3.2. Germany Automotive Diagnostic Market
8.3.3. France Automotive Diagnostic Market
8.3.4. Spain Automotive Diagnostic Market
8.3.5. Italy Automotive Diagnostic Market
8.3.6. Rest of Europe Automotive Diagnostic Market
8.4. Asia-Pacific Automotive Diagnostic Market Snapshot
8.4.1. China Automotive Diagnostic Market
8.4.2. India Automotive Diagnostic Market
8.4.3. Japan Automotive Diagnostic Market
8.4.4. Australia Automotive Diagnostic Market
8.4.5. South Korea Automotive Diagnostic Market
8.4.6. Rest of Asia Pacific Automotive Diagnostic Market
8.5. Latin America Automotive Diagnostic Market Snapshot
8.5.1. Brazil Automotive Diagnostic Market
8.5.2. Mexico Automotive Diagnostic Market
8.6. Rest of The World Automotive Diagnostic Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. BMW Key Information Overview Financial (Subject to Data Availability) Form Summary Recent Developments
9.2.2. Continental AG
9.2.3. Delphi Automotive PLC
9.2.4. Denso Corporation
9.2.5. Harman International
9.2.6. MAGNA International
9.2.7. Pioneer Corporation
9.2.8. Robert Bosch GmbH
9.2.9. Snap-On Inc.
9.2.10. Vector Informatik
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

Need Assistance

Contact Person -
Krishant Mennon
Call us @
+ 91 99931 15879
Email: sales@bizwitresearch.com


Why Choose Us?

Quality over Quantity

Backed by 60+ paid data sources our reports deliver crisp insights with no compromise quality.

Analyst Support

24x7 Chat Support plus
free analyst hours with every purchase

Flawless Methodology

Our 360-degree approach of market study, our research methods leave stones unturned.

Enquiry Now