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Global Vehicle Diagnostics Market Size, Share, Growth, Forecast: By Engine: IC Engines, Electric; By Connectivity: 4G LTE, 3G, Wi-Fi, Bluetooth, Others; By Application: Vehicle Tracking, Automatic Crash Notification, Vehicle Health Alert, Roadside Assistance; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Vehicle Diagnostics Market Outlook
The global vehicle diagnostics market attained a value of nearly USD 36.46 billion in 2023. The market is projected to grow at a CAGR of 15.0% between 2024 and 2032 to reach a value of around USD 128.24 billion by 2032.
Key Trends in the Market
Vehicle diagnostics refers to a mechanism which involves the identification and assessment of vehicular problems that can impede vehicles’ normal operations. Vehicle diagnostic is carried out using digital technologies, systems, and hardware and software components.
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- Stringent road safety regulations across emerging economies, coupled with surging cases of accidents and car crashes, are driving the vehicle diagnostics market growth.
- Increasing sales of passenger and commercial vehicles, owing to the thriving transportation sector, rising disposable incomes, and rapid urbanisation, are further fuelling the growth of the market for vehicle diagnostics.
- Increasing investments towards developing advanced intelligent diagnostic systems that can determine and optimise fuel utilisation of vehicles while reducing the risk of internal or external errors are bolstering the vehicle diagnostics market growth.
- Over the forecast period, the anticipated increase in the demand for high-end luxury vehicles, especially across highly developed economies, is expected to boost the applications of vehicle diagnostics.
Market Analysis
Based on engine, the market is segmented into IC engines and electric. The IC engines segment is further divided based on type into light commercial vehicle, cars, and medium and heavy commercial vehicle, while the electric segment, based on type, is bifurcated into HEV and BEV.
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On the basis of connectivity, the market is classified into 4G LTE, 3G, Wi-Fi, and Bluetooth, among others. By application, the market is categorised into vehicle tracking, automatic crash notification, vehicle health alert, and roadside assistance. The major regional markets for vehicle diagnostics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global vehicle diagnostics market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Borgwarner Inc.
- KPIT Technologies Limited
- Robert Bosch GmbH
- Continental AG
- Snap-on Incorporated
- Softing Automotive Electronics GmbH
- Vector Informatik GmbH
- Vidiwave Ltd
- ACTIA Group
- Denso Corporation
- General Technologies Corp
- Others
Market Share by Engine
HEVs account for a healthy share of the vehicle diagnostics market. This can be attributed to the growing environmental concerns and rapid transition from conventional automobiles towards advanced hybrid cars.
HEVs can encounter several types of faults, such as drive line faults, wiring harness faults, wheel faults, and gearbox faults, among others, making diagnostics crucial for these vehicles. In addition, vehicle diagnostic systems are used to monitor lithium-ion battery health and meet the safety requirements of HEVs while enhancing their fuel efficiency.
Market Share by Region
North America is expected to significantly contribute to the market in the forecast period due to innovations and technological developments. These developments include the incorporation of on-board diagnostic systems (OBD) into new vehicles to virtually monitor vehicle components and emission performance.
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Moreover, the strong foothold of major automotive manufacturers across well-established economies such as the United States and Canada is likely to aid the market for vehicle diagnostics in the forecast period.
Competitive Landscape
Borgwarner Inc. is a leading automotive company which designs and manufactures innovative and sustainable mobility systems. The company was founded in 1928 and is headquartered in Michigan, the United States.
KPIT Technologies Limited is a multinational corporation which offers end-to-end vehicle diagnostics solutions and services and is dedicated towards advancing mobility ecosystems. It was established in 1990 and is headquartered in Maharashtra, India.
Robert Bosch GmbH is a multinational engineering company which offers a complete range of special service tools, vehicle diagnostic solutions, and workshop equipment, among others. It was founded in 1886 and is headquartered in Gerlingen, Germany.
Other market players include Continental AG, Snap-on Incorporated, Softing Automotive Electronics GmbH, Vector Informatik GmbH, Vidiwave Ltd, ACTIA Group, Denso Corporation, and General Technologies Corp, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Engine |
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| Breakup by Connectivity |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Vehicle Diagnostics Market Analysis
8.1 Key Industry Highlights
8.2 Global Vehicle Diagnostics Historical Market (2018-2023)
8.3 Global Vehicle Diagnostics Market Forecast (2024-2032)
8.4 Global Vehicle Diagnostics Market by Engine
8.4.1 IC Engines
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Light Commercial Vehicle
8.4.1.3.2 Cars
8.4.1.3.3 Medium and Heavy Commercial Vehicle
8.4.2 Electric
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 HEV
8.4.2.3.2 BEV
8.5 Global Vehicle Diagnostics Market by Connectivity
8.5.1 4G LTE
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 3G
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Wi-Fi
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Bluetooth
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Vehicle Diagnostics Market by Application
8.6.1 Vehicle Tracking
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automatic Crash Notification
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Vehicle Health Alert
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Roadside Assistance
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.7 Global Vehicle Diagnostics Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Vehicle Diagnostics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Vehicle Diagnostics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Vehicle Diagnostics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Vehicle Diagnostics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Vehicle Diagnostics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Borgwarner Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 KPIT Technologies Limited
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Robert Bosch GmbH
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Continental AG
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Snap-on Incorporated
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Softing Automotive Electronics GmbH
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Vector Informatik GmbH
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Vidiwave Ltd
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 ACTIA Group
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Denso Corporation
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 General Technologies Corp
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vehicle Diagnostics Market: Key Industry Highlights, 2018 and 2032
2. Global Vehicle Diagnostics Historical Market: Breakup by Engine (USD Billion), 2018-2023
3. Global Vehicle Diagnostics Market Forecast: Breakup by Engine (USD Billion), 2024-2032
4. Global Vehicle Diagnostics Historical Market: Breakup by Connectivity (USD Billion), 2018-2023
5. Global Vehicle Diagnostics Market Forecast: Breakup by Connectivity (USD Billion), 2024-2032
6. Global Vehicle Diagnostics Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Vehicle Diagnostics Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Vehicle Diagnostics Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Vehicle Diagnostics Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Vehicle Diagnostics Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Vehicle Diagnostics Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Vehicle Diagnostics Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Vehicle Diagnostics Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Vehicle Diagnostics Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Vehicle Diagnostics Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Vehicle Diagnostics Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Vehicle Diagnostics Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Vehicle Diagnostics Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Vehicle Diagnostics Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Vehicle Diagnostics Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 36.46 billion in 2023.
The market is estimated to grow at a CAGR of 15% in between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 128.24 billion by 2032.
The stringent road safety regulations, surging cases of road accidents and car crashes, increasing sales of passenger and commercial vehicles, and rising disposable incomes are the major drivers of the market.
The key trends in the market include the increasing investments towards developing advanced intelligent diagnostic systems, the surging demand for luxury vehicles, and the growing adoption of vehicle diagnostics solutions in HEVs.
4G LTE, 3G, Wi-Fi, and Bluetooth, among others, are the different segments based on the connectivity of vehicle diagnostics.
Vehicle tracking, automatic crash notification, vehicle health alert, and roadside assistance are the major applications of vehicle diagnostics.
Borgwarner Inc., KPIT Technologies Limited, Robert Bosch GmbH, Continental AG, Snap-on Incorporated, Softing Automotive Electronics GmbH, Vector Informatik GmbH, Vidiwave Ltd, ACTIA Group, Denso Corporation, and General Technologies Corp, among others, are the key vehicle diagnostics market players.
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