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SOURCE Research and Markets
DUBLIN, February 7, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/ss63c5/automotive) has announced the addition of the "Automotive Diagnostic Scan Tools Market by Geography & Product Type - Industry Trends & Forecast To 2018" report to their offering.
The vehicle industry has been showing continuous technological advancements mainly in the electronics and powertrain segments. Electronic/electrical architecture in vehicles has become one of the most important aspects in the vehicles performance, proper functionality of different systems, and controlling the vehicle emissions. Earlier, in case of any faults in the vehicles electronic system, many tools were used to diagnose and rectify a single fault in a vehicle. Also, different set of tools were used to diagnose all the vehicle models.
This increased the initial investment and very low entry of players in the independent aftermarket segment. But, with the evolution of OBD-I and them OBD-II regulations for diagnostics, the fault detection and rectification process became streamlined with the usage of scan tools. These tools saved a lot of time with updated software capable of diagnosing up to 40,000 vehicle variants. Thus, decreasing the initial investment and increasing the number of players in the independent repair shops and service stations. These tools owing to their large number of functions have a very important place in automotive diagnostic market.
The key factors responsible for driving the growth of the automotive diagnostic tools market include the growing role of electronics in automobiles, reduced time taken for diagnosis of faults and the stringent emission norms laid down by various governments and legislative bodies. In the current generation vehicles, there a number of electronic technologies equipped ranging from the music system in the inside to the various driver assistance systems such as the blind spot detection, adaptive front lighting system, lane departure warning system etc.
In case of any faults in these systems, when a scanner is plugged into the vehicles ECU and run, the exact location and type of fault is completely displayed in the form of a trouble code. According to the trouble code, the problem is rectified. This saves time in identifying and rectifying the faults at the same time. With more and more new and technologically advanced vehicles being launched, the market for diagnostic scan tools is expected to grow at a steady rate in the coming years.
The automotive diagnostic scan tools market is expected to be led by Europe, mainly due to the presence of many mid-class and luxury passenger car manufacturers in the region such as Volkswagen Group, Mercedes Benz, BMW, Audi, PSA Peugeot Citroen, Renault, Ferrari etc.
Key Topics Covered:
2 Market Overview
3 Automotive Diagnostic Scan Tools: Technology
4 Automotive Diagnostic Scan Tools Market, By Geography
5 Automotive Diagnostic Scan Tools Market, By Types
6 Competitive Landscape
7 Company Profiles
For more information visit http://www.researchandmarkets.com/research/ss63c5/automotive
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