According to a market report by Lucintel, the future of the vehicle diagnostics market looks promising with opportunities in the passenger car and light commercial vehicle markets. The vehicle diagnostics market is expected to grow with a CAGR of 17% from 2019 to 2024. The major growth drivers for this market are stringent emission and fuel economy regulations, increasing pressure from OEMs to improve vehicle performance and collect relevant data, high demand for real-time vehicle diagnosis, and rising demand for safety and security in vehicles.
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Within the vehicle diagnostics market, passenger cars and light commercial vehicles are the major end use industries. Passenger car is the largest end use segment for the vehicle diagnostics market.
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North America will remain the largest region over the forecast period due to high adoption rate of innovations and advanced technology in the region. Additionally, the demand for premium cars with advanced safety and security features is high in this region.
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Robert Bosch, Continental, Delphi Automotive, OnStar, Snap-On, Magneti Marelli, Softing, VOXX International Corporation, Vector Informatik, and Vidiwave are among the major suppliers of vehicle diagnostics.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the vehicle diagnostics market by connectivity, by application, by end use, and by region. Lucintel has prepared a comprehensive research report titled "Vehicle Diagnostics Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the vehicle diagnostics market by connectivity, by application, by end use, and by region as follows:
By Connectivity [$M shipment analysis for 2013 – 2024]
- 4G LTE
- 3G
- Bluetooth
- Wi-Fi
By Application [$M shipment analysis for 2013 – 2024]
- Automatic Crash Notification
- Vehicle Tracking
- Vehicle Health Alert
- Roadside Assistance
By End Use [$M shipment analysis for 2013 – 2024]
- Passenger Car
- Small cars
- Compact cars
- Mid-Sized cars
- Luxury cars
- SUVs & Crossovers
- Light Commercial Vehicle
By Region [$M shipment analysis for 2013 – 2024]
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Russia
- France
- United Kingdom
- Italy
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- The Rest of the World
- Brazil
- Turkey
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/vehicle-diagnostics-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global vehicle diagnostics market by connectivity (4G LTE, 3G, Bluetooth, and Wi-Fi), by application (automatic crash notification, vehicle tracking, vehicle health alert, roadside assistance), by end use (small car, compact car, mid-size car, large car, suvs & crossovers, and light commercial vehicles), and by region (North America, Europe, Asia Pacific, Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the global vehicle diagnostics market?
Q.5 What are the business risks and threats to the global vehicle diagnostics market?
Q.6 What are emerging trends in this global vehicle diagnostics market and the reasons behind them?
Q.7 What are some changing demands of customers in the global vehicle diagnostics market?
Q.8 What are the new developments in the global vehicle diagnostics market? Which companies are leading these developments?
Q.9 Who are the major players in this global vehicle diagnostics market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this global vehicle diagnostics area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this global vehicle diagnostics market?
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