The global automotive test equipment market size is projected to grow at an annual average of 4% over the forecast period, reaching $3.7 billion in 2025 from $3 billion in 2020. The automotive industry is the electronic architecture of vehicles. The growing demand for safety and comfort features has led to tremendous innovation and R&D efforts in electronic component testing and government compliance by OEMs and automotive suppliers. In addition, the overall weight of the vehicle has increased due to the integration of electronic functions. Regulations on vehicle fuel consumption and emissions will increase the demand for the automotive test equipment market.
A full report of the Automotive Test Equipment Market is available at: https://www.orionmarketreports.com/automotive-test-equipment-market/25128/
Market Analysis
Product Analysis
• Chassis Dynamometer
• Engine Dynamometer
• Wheel Alignment Tester
• Vehicle Emission Test System
Vehicle Analysis
• Passenger Vehicle
• Light Commercial Vehicle
• Heavy Commercial Vehicle
Application Tool Analysis
• Handheld Scan Tool
• Mobile Device-Based Scan Tool
• PC/Laptop-Based Scan Tool
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Automotive Test Equipment Market Report
• What was the Automotive Test Equipment Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Automotive Test Equipment Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Automotive Test Equipment Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
