Automotive industry in India

The automotive industry in India is the fourth-largest in the world as per 2021 statistics In 2022, India became fourth largest country in the world by valuation of automotive industry. As of 2020, India is the 5th largest automobile market in the world, surpassing Germany in terms of sales. Currently India’s auto industry is worth of more that US$ 100 billion and contributes 8% of the country’s total export and accounts for 2.3% of India’s GDP.

India’s major automobile manufacturing companies includes Tata Motors, Ashok Leyland, Mahindra & Mahindra, Force Motors, Tractors and Farm Equipment Limited, Eicher Motors, Royal Enfield, Sonalika Tractors, Hindustan Motors, and Many Others.

Automotive Diagnostics Market Statistics 2030 –

The global automotive diagnostics market was valued at $40.77 billion in 2020, and is projected to reach $109.84 billion by 2030, registering a CAGR of 10.5% from 2021 to 2030.

Automotive diagnostics is the process of analyzing the condition of the vehicle to determine whether the vehicle and its associated components are running in a proper condition. To carry out vehicle diagnosis, numerous hardware components and software are used to configure devices, which give the exact information about the component or vehicle part. Diagnostic system designed for a vehicle can reveal problems within a vehicle’s engine, transmission, exhaust system, brakes, and other major components as well as performance issues with the fuel injector, air flow & coolant, ignition coils, and throttle. Using specialized software, sensors, and microchips, vehicle diagnostic tools quickly and accurately point to problem areas in a vehicle’s engine or elsewhere. With the advancement in technology, vehicle service providers have developed on-board and off-board diagnostic systems, which give the exact information about the defected part installed in a vehicle.

Development of the automotive industry, increase in demand for IoT-based technology, and high demand for safety features in vehicles acts as the key driving forces of the global automotive diagnostics market. However, factors such as high implementation cost coupled with complexities in configuration and frequent requirement of troubleshooting & high maintenance of automotive software create a negative impact, thereby hampering the growth of the market across the globe. On the contrary, factors such as developments in semi-autonomous & autonomous vehicles and advent of multifunctional system are expected to create remunerative opportunities for the expansion of the global automotive diagnostic market during the forecast period.

The global automotive diagnostics market is segmented into type, device, application, and region. Depending on type, the market bifurcated into on-board and off-board diagnostic system. On the basis of device, it is segregated into hand-held tools, mobile-based tools, PC-based tools, and others. The applications covered in the study include passenger cars, light commercial vehicles, heavy commercial vehicles, and electric vehicles. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the global automotive diagnostics market report are BMW AG, Continental AG, Delphi Automotive PLC., Denso Corporation, Harman International, Magna International, Pioneer Corporation, Robert Bosch GmbH, Snap-On Inc., and Vector Informatik.

Key Market Segments

By Type

• On-board
• Off-board

By Device

• Hand-held Tools
• Mobile-based Tools
• PC-based Tools
• Others

By Vehicle Type

• Passenger Cars
• Light Commercial Vehicles
• Heavy Commercial Vehicles
• Electric Vehicles

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Russia
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

KEY PLAYERS

• BMW
• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Harman International
• MAGNA International
• Pioneer Corporation
• Robert Bosch GmbH
• Snap-On Inc.
• Vector Informatik