Automotive Vehicle Diagnostics Market is Anticipated to Grow At A CAGR of OVER 16% Till 2024 | TechSci Research
According to TechSci Research, Global Automotive Vehicle Diagnostics Market is projected to reach USD 30.36 Billion by 2024, growing at a CAGR of over 16% during the forecast period owing to the rising demand for safety & security in vehicles, stringent emission norms and the growing inclination towards premium vehicles. Based on connectivity, the market has been categorised into 4G LTE, 3G, Bluetooth and Wi-F. In 2018, the Bluetooth technology is dominated the market and is expected to maintain its dominance over the next five years as well since Bluetooth is primarily used to enable in-car connectivity between a vehicle’s dashboard and electronic gadgets such as smartphone and tablets. North American region is estimated to be the largest market for vehicle diagnostics during 2018-2023 due to advanced technology in the region and high adoption rate of innovations. Moreover, growing demand for premium cars with advanced safety and security features is high in countries like US and