Automotive Diagnostics Market To Reach USD 55.6 Billion By 2026
Market Summary : Market Size – USD 39.1 Billion in 2018, Market Growth - CAGR of 4.4%, Market Trends – Increasing innovations in artificial intelligence. The global automotive diagnostics market is expected to reach USD 55.6 Billion by 2026, according to a new report by Reports and Data. Automotive diagnostics refers to a vehicle's reporting and self-diagnostic capability, which gives access to the vehicle owner or repair technician regarding the status of the various vehicle subsystems. In the future, automotive diagnostics will be benefitted from AI, to produce real-time models of vehicles in order to develop preventative maintenance routines. Further key findings from the report suggest : • Asia Pacific region is expected to have the highest growth for the market by 2026. The rise in the manufacturing of automobiles and automotive workshops in organized and unorganized markets are driving the market growth in this region. • North America dominates the market, and is forecasted to grow at a CAGR of 4.8% in the coming years. This is due to the fact that, North America is the hub for a number of manufacturers of the technology and aim for better infrastructure, has no budget constraints due to the region’s high income, favorable government policies and regulations for an effective transportation system. www.reportsanddata.com
Key Players: Snap-On Inc., Denso Corp., SPX Corp., Dg Technologies, Avl List GmbH, Actia Group SA, Softing AG, General Technologies Corp, Etas GmbH, Hickok Inc., Dsa Daten- Und Systemtechnik GmbH, Delphi Automotive PLC, Bosch Automotive Service Solutions Inc., Segmentation: • Vehicle type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026): Commercial, Passenger • Equipment type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026): Exhaust Gas Analyzer, Paint Scan Equipment, Wheel Alignment Equipment, Dynamometer, Headlight Tester • Technology type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026): 4G LTE, 3G, Bluetooth, Wi-Fi • Offering type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026): Software, Hardware • Propulsion type Outlook (Volume, Thousand units; 2018-2026 and Revenue, USD Billion; 2018-2026): Electric Vehicle (EV), Battery Electric Vehicle (BEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)
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Regional Vehicle Access Control Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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The report emphasizes the following key questions: • Q.1. What are the most lucrative and promising growth prospects for the market? • Q.2. Which sectors are expected to deliver a high growth rate and which industry aspects come into play in this advancement? • Q.3. Which geographies are estimated to exhibit the highest growth and the underlying causes? • Q.4. Which factors are impacting the future of the market and what are the driving factors? • Q.5. What are the hurdles and challenges curtailing the industry’s growth in the forecast period?
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