DIAGNOSTIC SCAN TOOLS MARKET ANALYSIS

Diagnostic Scan Tools Market, By Product Type (Diagnostic Equipment (Hardware), Diagnostic Software, Repair & Diagnostic Data), By Technology (Handheld Scan Tool, Mobile Device Based Scan Tool, PC/Laptop Based Scan Tool, Data Loggers, Emission Testing, Drivers’ Supplementary Vehicle Instrumentation, Vehicle Telematics), By End Use (Workshop & Service Centers, In-house test centers, Global Diagnostic Scan Tools Market), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Region (North America, Latin America, Europe, Middle East & Africa, and Asia Pacific)

Published In : May 2023
Code : CMI1185
Pages :174
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Challenges And Opportunities

Global Diagnostic Scan Tools Market Restraints:

High Initial cost

High initial cost of advanced diagnostic tools with constant advancements in vehicle computer technology, workshops require more sophisticated scan tools to keep up, but most workshops cannot afford them all. Diagnostic scan tools have witnessed a decline in their overall price levels. However, newer technologies are more expensive than conventional OBD-I systems. This can reduce the demand for newer and innovative technologies. Diagnostic scan tool manufacturers are under constant pressure from original equipment manufactures (OEMs) to curtail the prices of diagnostic scan tool equipment.

Many manufacturers hesitant to invest in R&D activities due to high costs, particularly in emerging countries, wherein OEMs are focusing on launching new models with basic diagnostic scanning systems. Since automobiles must successfully meet stringent safety regulations, automotive diagnosis requires highly sophisticated instruments and equipment, which add to the overall cost. The equipment also needs to be updated whenever there are changes in regulations.