The Global Vehicle Diagnostics Market size was valued at around USD 42.19 billion in 2024 and is projected to reach USD 64.22 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 7.25% during the forecast period 2025-30.
Global Vehicle Diagnostics Market Driver:
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 incidents such as brake failures, system crashes, airbags remaining closed, etc. This has resulted in severe road accidents and casualties across the globe. For instance,
- In 2023, according to the World Health Organization (WHO), the number of annual road traffic deaths was about 1.19 million globally.
To mitigate such situations, regular diagnosis is carried out to detect impending failures of the critical components like brakes, tires, and steering systems, creating the demand for vehicle diagnosis systems. This proactive approach in the maintenance of vehicles greatly reduces the risk of an accident occurring due to mechanical failure. Furthermore, the integration of telematics and connected vehicle technologies in Vehicle Diagnostics solutions makes provision for real-time monitoring and diagnostics, which enables fleet operators and individual drivers to receive real-time alerts on impending safety issues. This not only helps in avoiding accidents but also in post-accident analysis by providing data of value in improving vehicle standards of safety standards and design. Hence, surging road accidents dictate the need for Vehicle Diagnostics, thereby proliferating the growth of the Global Vehicle Diagnostics Market.
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Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Vehicle Diagnostics Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Offering
- Hardware- Market Size & Forecast 2020-2030, USD Million
- Diagnostic Scanners- Market Size & Forecast 2020-2030, USD Million
- Handheld Devices- Market Size & Forecast 2020-2030, USD Million
- Adapters and Connectors- Market Size & Forecast 2020-2030, USD Million
- Others (Battery Testers, Analysers, etc.) – Market Size & Forecast 2020-2030, USD Million
- Software- Market Size & Forecast 2020-2030, USD Million
- Hardware- Market Size & Forecast 2020-2030, USD Million
- By Vehicle Type
- Passenger Vehicles- Market Size & Forecast 2020-2030, USD Million
- Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
- Light Commercial Vehicles- Market Size & Forecast 2020-2030, USD Million
- Medium & Heavy Commercial Vehicles – Market Size & Forecast 2020-2030, USD Million
- By Propulsion
- ICE (Internal Combustion Engine) – Market Size & Forecast 2020-2030, USD Million
- Electric – Market Size & Forecast 2020-2030, USD Million
- By Application
- Automatic Crash Notification- Market Size & Forecast 2020-2030, USD Million
- Vehicle Tracking – Market Size & Forecast 2020-2030, USD Million
- Vehicle Health Alert- Market Size & Forecast 2020-2030, USD Million
- Roadside Assistance- Market Size & Forecast 2020-2030, USD Million
- Others (Vehicle Telematics, Emission Testing, etc.) – Market Size & Forecast 2020-2030, USD Million
- By End User
- Automotive OEMs- Market Size & Forecast 2020-2030, USD Million
- Service Stations & Workshops- Market Size & Forecast 2020-2030, USD Million
- Fleet Operators- Market Size & Forecast 2020-2030, USD Million
- Government & Regulatory Bodies- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, 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, and Denso Europe B.V, among others
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