Global Vehicle Diagnostics Market Forecast 2030: Key Players & Emerging Trends
Global Vehicle Diagnostics Market Size & Insights
As per recent study by MarkNtel Advisors the future of 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. This market growth is attributed to the new vehicles that are getting increasingly complicated with their electronics, sensors, and software. Modern cars, buses, trucks, etc
What are the Key DROs in the Vehicle Diagnostics Market?
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.
What are the Key Segments in the Vehicle Diagnostics Market?
The Vehicle Diagnostics is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
· By Offering
o 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
o Software- Market Size & Forecast 2020-2030, USD Million
· By Vehicle Type
o Passenger Vehicles- Market Size & Forecast 2020-2030, USD Million
o 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
o ICE (Internal Combustion Engine) - Market Size & Forecast 2020-2030, USD Million
o Electric - Market Size & Forecast 2020-2030, USD Million
· By Application
o Automatic Crash Notification- Market Size & Forecast 2020-2030, USD Million
o Vehicle Tracking - Market Size & Forecast 2020-2030, USD Million
o Vehicle Health Alert- Market Size & Forecast 2020-2030, USD Million
o Roadside Assistance- Market Size & Forecast 2020-2030, USD Million
o Others (Vehicle Telematics, Emission Testing, etc.) - Market Size & Forecast 2020-2030, USD Million
· By End User
o Automotive OEMs- Market Size & Forecast 2020-2030, USD Million
o Service Stations & Workshops- Market Size & Forecast 2020-2030, USD Million
o Fleet Operators- Market Size & Forecast 2020-2030, USD Million
o Government & Regulatory Bodies- Market Size & Forecast 2020-2030, USD Million
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How does geographical analysis highlight in the Vehicle Diagnostics market?
· By Region
o North America
o South America
o Europe
o The Middle East & Africa
o Asia-Pacific
Europe is anticipated to dominate the market with the largest share of around 33% during the forecast period.
Who are the Key Players in Vehicle Diagnostics Market?
· 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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Vehicle Diagnostics Market News
- 2024: Robert Bosch GmbH released the ADS X 6.0 software update, introducing advanced topology views, 57% faster scan speeds, battery voltage indicators, and expanded diagnostic support for 2018–2024 vehicle models, enhancing workshop efficiency and multi-brand service capabilities.
- 2024: Bosch’s subsidiary ETAS demonstrated connected, cloud-enabled diagnostic tools for commercial trucks at IAA Transportation, featuring live remote monitoring, guided diagnostics, and fuel-cell vehicle health tracking via handheld workshop devices..
Key pillars of the research methodology include:
· Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.
· Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.
· Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.
· Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.
"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.
Why This MarkNtel Advisors Research Report:
- In-depth Market Analysis: Understand trends and dynamics shaping growth.
- Segmented Insights: Target specific segments for focused strategies.
- Geographical Performance: Assess market opportunities by geographic area.
- Emerging Technologies: Discover advancements like AI integration.
- Risk Identification: Pinpoint challenges to inform strategic planning.
- Future Forecasts: Prepare for market changes with actionable projections.
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