The global diagnostic tools for EVs market share is expected to rise at a sturdy growth rate of 12.8% during the forecast years as per a report by FMI. The overall market valuation of total sales of diagnostic tools for EVs in 2022 was US$ 1,437 million which is further projected to reach US$ 5,401.6 million by 2033.
Key Takeaways
- As per the market estimate figures, the United States is the leading region in providing diagnostic tools for EVs. In the year 2022, the total revenue generated by the companies of diagnostic tools for EVs operating in the country was nearly US$ 184 million.
- In Europe, Germany has remained the leading market for electric vehicles and tools and other products and services associated with EVs. Currently, the net worth of the total sales of diagnostic tools for EVs achieved by Germany is estimated to be around 8.9% of the global market.
Request a Sample of this Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-16505
- Interestingly, the United Kingdom has witnessed higher demand for diagnostic tools for EVs than any other country in the European Union in recent years. As per the market statistics, this country is anticipated to witness an overall annual growth rate of 12.4% during the time period between 2023 and 2033.
- China is projected to lead the manufacturing and sales of diagnostic tools for EVs in the Asia Pacific region. By the virtue of having a high manufacturing base, it is projected to develop its diagnostic tools for the EVs market at a rate of 10.1% over the next ten years.
- Japan is also a key market for the production and export of diagnostic tools for EVs, its annual growth rate in this sector would remain lower than that of China. In the previous year, the total valuation of this market in Japan was US$ 22.5 million which is further projected to reach US$ 76 million by 2033.
- Australia is emerging as a key region with demand for diagnostic tools for EVs gaining traction over the recent years. For the present year 2023, the net worth of the total diagnostic tools for EVs sales in the country is estimated to be around US$ 13 million and it would reach up to US$ 43.5 million by 2033.
In general, diagnostic tools for EVs are electronic devices that are used to diagnose various issues with electric vehicles. These tools can help identify problems with the car’s battery, charging system, electric motor, and other key components.
Request for Customization:
https://www.futuremarketinsights.com/customization-available/rep-gb-16505
There are several types of diagnostic tools available for EVs, including OBD-II scanners, battery diagnostic tools, charging station diagnostic tools, and electric motor diagnostic tools. Each of these tools is designed to provide specific diagnostic information about the EV’s various systems.
- OBD-II Scanners: OBD-II scanners are electronic devices that are used to read and diagnose the fault codes stored in a car’s computer system. OBD-II scanners are universal, meaning they work with all types of vehicles, including EVs. They can diagnose various issues with EVs, including battery health and charging system problems. Some of the popular OBD-II scanners for EVs include ScanMyTesla, OBDLink MX+, and BlueDriver.
- Battery Diagnostic Tools: There are specific battery diagnostic tools available for EVs that can help diagnose battery health issues. These tools are capable of analyzing the battery’s capacity, internal resistance, and voltage levels. Some popular battery diagnostic tools for EVs include Battery Analyzer from Midtronics, Battery Management System (BMS) from Elithion, and Battery Tester from Foxwell.
- Charging Station Diagnostic Tools: Charging station diagnostic tools can help diagnose issues with the charging stations themselves. These tools are capable of checking the charging station’s output voltage, current, and resistance. They can also check the communication signals between the EV and the charging station. Some popular charging station diagnostic tools for EVs include ChargePoint Diagnostic Tool, ClipperCreek HCS-Diagnostic Tool, and JuiceBox Test Kit.
- Contrastingly, India is observed to be having a year-on-year growth rate for sales of diagnostic tools for EVs higher than any other country. In comparison to the CAGR of other countries, the demand for diagnostic tools for EVs in India is poised to register a CAGR of 14.2% through the forecast years.
- In terms of value, the hardware segment of the market generates higher revenue in comparison to software and services. As per the diagnostic tools for EVs market report, this segment contributed 68.3% of the total revenue generated by the market in 2022.
Competitive Landscape for the Diagnostic Tools for EVs Market
Actia Group SA, Autel Intelligent Technology Corp., Ltd., AVL List GmbH, BMW AG, Bosch Automotive Service Solutions Inc., Continental AG, Daimler AG, Delphi Automotive Plc, Denso Corporation, Fluke Corporation are prominent players in the global diagnostic tools for EVs market.
The global diagnostic tool for electric vehicles market looks to be fragmented and competitive, with both regional and global participants advancing at a constant rate.
Key Segments of Diagnostic Tools for EVs Market
By Offering:
- Diagnostic Hardware
- Scanner
- Code Reader
- Tester
- Analyzer
- Others
- Diagnostic Software
- ECU Diagnosis Software
- Vehicle Tracking Software
- Vehicle System Testing Software
- Others
- Diagnostic Services
- Vehicle Maintenance and Repair Services
- Custom, Training, Support, and Integration Services
- Others
Speak to our Research Expert:
https://www.futuremarketinsights.com/ask-question/rep-gb-16505
By Tool Type:
- Professional Diagnostic
- DIY Diagnostic
- OEMs Diagnostic
- Others
By Application:
- Automatic Crash Notification
- Vehicle Tracking
- Vehicle Health Alert & Roadside Assistance
- Repair & Maintenance
- Others
By Vehicle Type:
- Passenger Vehicle
- Commercial Vehicle
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia and the Pacific
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs