North America: Hold the majority of share in the automotive diagnostic scan tool market

1. Automotive Diagnostic Scan Tools Market worth 7.24 Billion USD by 2021 The report "Automotive Diagnostic Scan Tools Market by Type (Diagnostic Equipment Hardware, Diagnostic Software, Repair & Diagnostic Data), Equipment type (Wheel Alignment Tester, Handheld Tread Depth, Digital Battery Tester), Vehicle Type - Global Forecast to 2021", The global automotive diagnostic scan tools market is projected to grow at a CAGR of 5.9% from 2016 to 2021, to reach a market size of USD 7.24 Billion by 2021. Browse 81 market data tables and 56 figures spread through 140 pages and in-depth TOC on “Automotive Diagnostic Scan Tools Market by Type (Diagnostic Equipment Hardware, Diagnostic Software, Repair & Diagnostic Data), Equipment type (Wheel Alignment Tester, Handheld Tread Depth, Digital Battery Tester), Vehicle Type - Global Forecast to 2021” https://www.marketsandmarkets.com/Market-Reports/automotive-diagnostic-scan-tools- market-1299.html Early buyers will receive 10% customization on reports. The major factors behind the growth of the global automotive diagnostic scan tools market are the growing complexity in connected cars, stringent emission norms being introduced by the government and rising security concerns among end-users. North America: Hold the majority of share in the automotive diagnostic scan tool market The demand for technologically advanced cars has also witnessed a boost recently in North American region with the convergence of the ICT sector, the automotive sector, and the transportation sector resulting in the emergence of the connected vehicle ecosystem. Fully touch screen and self-automated diagnostic tools are being adopted in developed countries of North America like the U.S. The emergence of connected technology has given a new factor to OEMs to remain relevant in a reduced demand in the market. Customers’ demand for an improved, accurate, and quick diagnosing tools are driving the automotive diagnostic scan tools market in North America. Diagnostic Software: Witnesses high growth potential The automotive diagnostic scan tools market across the globe is dominated by the diagnostic equipment product type, followed by diagnostic software and repair & diagnostic data. In terms of growth rate, the market for diagnostic software is expected to grow at the highest CAGR in the next five years. This can be attributed to the increasing number of new vehicle models launched every year, the type of electronics present in the vehicles, and the increasing number of software updates rolled out every year.

2. Asia-Pacific: Projected to experience high growth in automotive diagnostic scan tool market Increase in consumer preference for advanced technology automobiles and stringent government norms to focus on emission levels are the major factors for Asia-Pacific to be the fastest growing market for automotive diagnostic scan tools. Additionally, countries like China, India, and Japan are more inclined towards adopting more advanced and easy to use diagnosis equipment and tools, which has also accounted for such huge growth in this market. About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. in high growth emerging segments. MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Rohan MarketsandMarkets™ Research Pvt. Ltd. Tower B5, office 101, Magarpatta SEZ, Hadapsar, Pune-411013.