Lucintel anticipates that North America will be the fastest growing region in the vehicle diagnostics market

   September 26, 2019
According to a market report by Lucintel, the future of the vehicle diagnostics market looks promising with opportunities in the passenger car and light commercial vehicle markets. The vehicle diagnostics market is expected to grow with a CAGR of 17% from 2019 to 2024. The major growth drivers for this market are stringent emission and fuel economy regulations, increasing pressure from OEMs to improve vehicle performance and collect relevant data, high demand for real-time vehicle diagnosis, and rising demand for safety and security in vehicles.

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Within the vehicle diagnostics market, passenger cars and light commercial vehicles are the major end use industries. Passenger car is the largest end use segment for the vehicle diagnostics market.

North America will remain the largest region over the forecast period due to high adoption rate of innovations and advanced technology in the region. Additionally, the demand for premium cars with advanced safety and security features is high in this region.

Robert Bosch, Continental, Delphi Automotive, OnStar, Snap-On, Magneti Marelli, Softing, VOXX International Corporation, Vector Informatik, and Vidiwave are among the major suppliers of vehicle diagnostics.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the vehicle diagnostics market by connectivity, by application, by end use, and by region. Lucintel has prepared a comprehensive research report titled "Vehicle Diagnostics Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the vehicle diagnostics market by connectivity, by application, by end use, and by region as follows:

By Connectivity [$M shipment analysis for 2013 – 2024]

  • 4G LTE

  • 3G

  • Bluetooth

  • Wi-Fi

By Application [$M shipment analysis for 2013 – 2024]

  • Automatic Crash Notification

  • Vehicle Tracking

  • Vehicle Health Alert

  • Roadside Assistance

By End Use [$M shipment analysis for 2013 – 2024]

  • Passenger Car

    • Small cars

    • Compact cars

    • Mid-Sized cars

    • Luxury cars

    • SUVs & Crossovers            

  • Light Commercial Vehicle

By Region [$M shipment analysis for 2013 – 2024]

  • North America

    • US

    • Canada

    • Mexico

  • Europe

    • Germany

    • Russia

    • France

    • United Kingdom

    • Italy

  • Asia Pacific

    • Japan

    • India

    • South Korea

    • Indonesia

    • Turkey

    • China

  • The Rest of the World

    • Brazil

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

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