The global automotive diagnostic scan tools market is on track to reach $54.02 billion by 2029, growing at a robust compound annual growth rate (CAGR) of 6.4%, according to new research from The Business Research Company.
Valued at $40.51 billion in 2024 and projected to hit $42.08 billion this year, the market’s expansion is fueled by the rise of electric and hybrid vehicles, integration of artificial intelligence in diagnostics, and increasing vehicle connectivity. Industry trends include wireless diagnostic devices, cloud-based systems, mobile app integration, real-time remote diagnostics, and blockchain-enabled secure data sharing.
Asia-Pacific currently leads the market and is expected to post the fastest growth over the forecast period.
Major players include Nippon Denso Co. Ltd., Snap-On Inc., Bosch Automotive Service Solutions Inc., and Delphi Automotive plc.
