|By Business Wire||
|September 4, 2014 04:46 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/zlzv4r/global_automotive) has announced the addition of the "Global Automotive Diagnostic Scan Tools Market 2014-2018" report to their offering.
The Global Automotive Diagnostic Scan Tools market will grow at a CAGR of 5.2% over the period 2014-2018.
The automotive diagnostic scan tools were then used to diagnose any fault in a vehicle by plugging the cable into the vehicle's diagnostic connector and running a full scan. The major advantage of diagnostic scan tools is that it is easy to identify the fault and rectify it more quickly.
To calculate the market size, the report covers revenue generated from the sales of OEM and aftermarket automotive diagnostic scan tools. It also presents the vendor landscape and a corresponding detailed analysis of the leading four vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Global Automotive Diagnostic Scan Tools market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
The presence of high-end vehicle manufacturers in developing countries is one of the major trends in the market. The Global Automotive market is poised to experience consistent growth in developing countries, which are witnessing a high adoption of vehicles from the Mid Car and Small Car segments. Vehicles in these segments use advanced electronic devices that require workshops to have diagnostic scan tools as standard equipment.
According to the report, increased usage of electronic devices in vehicles is one of the major factors driving the Global Automotive Diagnostic Scan Tools market. Electronic devices in vehicles improve drivability, enhance safety features, lower environmental pollution, and provide greater operational efficiency.
Further, the report states that the increased complexity of automotive electronic architecture poses a challenge for market growth. Automotive manufacturers provide advanced electronic devices for brand differentiation. As the complexity of architecture in these electronic devices differs from model to model, diagnostic scan tool manufacturers try to provide a universal diagnostic tool.
- Denso Corp.
- Snap-On Inc.
- SPX Corp.
- Softing AG
Other Prominent Vendors
- Actia Group SA
- Avl List GmbH
- Dg Technologies
- Dsa Daten- Und Systemtechnik GmbH
- Etas GmbH
- General Technologies Corp
- Hickok Inc.
For more information visit http://www.researchandmarkets.com/research/zlzv4r/global_automotive
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