Automotive Scanner market is driven by the consumer awareness of health of the vehicles resulting in access to the diagnostic tools for the maintenance of the vehicles.
Date: 2 February 2016
According to recently published Azoth Analytics report “Global Automotive Scanner Market: Trends, Opportunities and Forecasts (2016-2021)
– (By Market Segments/Types - Handheld, Professional, Wireless; By Region -North America, Europe, APAC, RoW; By Country- US, UK, Canada, Germany, China, India, Japan; Supply Chain Structure; Competitor Analysis)”, the market has been classified by the different parts of the automotive scanner market. The scanner market is still on the growing end at a CAGR of 9.04% valued at 5.38 Billion USD by 2021 from 3.72 Billion USD in 2015 where major players are having strong presence in market, considering more number of vehicles are coming on the roads globally. The changes in the emission norms by the governments have led to increase in the market.
Moreover, complexity in the vehicle electronics has led the Global Automotive Scanner Market to grow. The Global Automotive Scanner Market is valued at USD 3.72 Billion (estimated) in 2015 showing a growth of 41 %( Year on Year) with a CAGR of 17.52% through 2011-15. In the automotive scanner market, the market has been bifurcated by different types (Handheld Scanner, Professional Scanner, Wireless Jacks, etc.) of scanners which are prominent and widely used across the globe. The Handheld scanner market is estimated to be of worth US$2.93 Billion in 2015, a growth of 43% from 2014. The professional scanner market was USD0.62 billion in 2015 developing at a CAGR of 25.49% from 2011 to reach USD1.07 billion by 2021. The market for Wireless Jack is estimated to grow with a steady growth of 36.94% CAGR to USD 1.27 Billion by 2021. As these scanners are used in the detection of the engine faults which are directly responsible for the emission norm infringement. The scanners also develop with the advancement of the diagnostic software that is incorporated in the ECU of the vehicles which communicates the data with the scanners.
The report “Global Automotive Scanner Market: Trends, Opportunities and Forecasts (2015-2020)
- By Market Segments/Types - Handheld, Professional, Wireless; By Region -North America, Europe, APAC, RoW; By Country- US, UK, Canada, Germany, China, India, Japan; Supply Chain Structure; Competitor Analysis” has analysed the potential of Global Automotive Scanner market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Automotive Scanner market. Additionally, the report also highlights the business strategies as well as the aspects to explain for the growth of the market.