Diagnostic Scan Tools Market Trends and Forecast to 2025

 

An automotive scan tool (scanner) is an electronic tool used to interface with, diagnose and, sometimes, reprogram vehicle control modules. These tools help upgrade and reprogram vehicles control modules. On the basis of technology, these products include, handheld mobile device/pc/laptop based scan tools, data loggers, emission testing, vehicle telematics, and supplementary vehicle instrumentation.

According to International Organization of Motor Vehicle Manufacturers (OICA) data, the number of vehicles in use have witnessed an increase of over 3.7% CAGR over the term of 2005 to 2015, pegged at over 1.28 billion vehicles in 2015. Moreover, according to the organizations sales data, average sales of the vehicles has witnessed CAGR of over 3.2% over the period of 2006 to 2016, accounting for around 93.9 million vehicle sales in 2016. Growth in vehicle sales is expected to increase demand for automotive maintenance and services in the near future. Moreover, the need to reduce time and effort for detection, maintenance, and repair of automobiles is major factor expected to fuel growth of the global diagnostic scan tools market over the forecast period.

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High growth rate of vehicle per thousand inhabitants coupled with limited number of authorized service centers and workshops have in turn led to significant demand for do-it-yourself kits

Do-it-yourself (DIY) kits can be easily operated and are highly preferred among the populace, which has led to increase in demand for these kits. However, high preference of DIY kits has led to significant reduction in demand for diagnostic equipment, which in turn hampers the overall diagnostic scan tools market growth over the forecast period.

Advancements in wireless communication-based equipment and compactness of diagnostic equipment devices have led to significant growth in adoption of these devices. Handheld equipment and wireless communication-based equipment offer features such as mobility and efficiency in detection of automotive internal conditions and faults. Furthermore, growing is expected to propel growth of the diagnostic scan tools market over the forecast period. For instance, according to the Organization Internationale des Constructeurs d'Automobiles (OICA), in 2015, motorization rate was 182 vehicles per 1000 inhabitants.

Based on the product type, diagnostic equipment (hardware) segment was dominant in the global diagnostic scan tools market share in 2016, and is expected to continue its dominance over the forecast period. This aids in fault detection reliance on the analog and digital components to enable functionality of such devices. However, software segment is expected to witness highest growth over the forecast period, as software analyzes the complex codes to perform diagnosis of powertrain, chassis, and the body. Additionally, introduction of compact tools to reduce space footprint and incorporation of wireless communications is expected to significantly contribute to growth of the market.

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Europe diagnostic scan tool market was dominant in terms of value share in 2016, owing to high utilization of the hardware systems in the region. Moreover, increasing consumer preference for more precise diagnosis for their vehicles has led to increased proliferation of advanced devices and systems. Some of the key players in the global diagnostic scan tools market are Actia SA, AVL List GmbH, Continental AG, Delphi Automotive PLC, Denso Corporation, Hickok Incorporated, Kpit Technologies, Robert Bosch GmbH, Snap on Incorporated, and Softing AG.


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