Automotive Diagnostics Market – Trends Forecast Till 2030

The global Automotive Diagnostics market size was estimated at USD 54.2 billion in 2023 and is projected to reach USD 106.8 billion in 2030 at a CAGR of 10.1% during the forecast period 2023-2030.

The automotive diagnostics market is experiencing a notable surge in revenue growth, primarily propelled by the increasing implementation of cutting-edge technologies like Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) within the automobile industry. These advanced technologies are revolutionizing diagnostic capabilities, enabling the development of sophisticated tools that can swiftly and reliably detect and diagnose issues by analysing massive amounts of real-time data. The integration of these technologies with diagnostic equipment is anticipated to be a key driver for future revenue growth in the automotive diagnostics market.