Latest News- Automotive Battery Testers Market: Simple battery testers is expected to lead the Type segment during 2024-2028

The Automotive Battery Testers Market is being driven by Increasing lifespan of vehicles leading to growth in vehicle population

The Automotive Battery Testers Market is expected to grow at a CAGR of 3.73% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 78.9 million. Automotive battery testers play a pivotal role in professional automotive repair shops and for discerning customers, ensuring optimal battery performance. Advanced integrated battery testers, such as Midtronics DSS-5000, enable comprehensive testing of various systems, including charging and starter systems, alongside battery assessment. These innovative testers undergo continuous development to enhance efficiency, with features like a 5-inch, full-color touchscreen display, which is globally recognized for its user-friendly interface. The adoption of touchscreen technology in various devices, including smartphones, underscores its value in managing space constraints on electronic devices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Simple battery testers
  • Integrated battery testers
• Application
  • OEM
  • Aftermarket
• Geography
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • France
  • North America
    • US
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing lifespan of vehicles leading to growth in vehicle population
• Convenience of online purchase of automotive products such as battery testers
• Improving automotive aftermarket distribution channels and supply chain networks

However, the market also witnesses some limitations, which are as follows:

• Development of supercapacitors to replace batteries
• Growing shortage of skilled technicians
• Growing adoption of connected cars

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Market Scope in Automotive Battery Testers Market Research Report

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Research Analysis Overview

The Automotive Battery Tester market is witnessing significant growth due to the increasing popularity of Electric Vehicles (EVs) and the electrification of various industries. AI and IoT technologies are revolutionizing battery testing, enabling real-time monitoring of battery condition in EVs, Hybrid Electric Vehicles (HEVs), and rechargeable batteries. Advanced testing equipment like AVL's Automotive Battery Analyzer ensures battery safety and security, detecting flaws and ensuring optimal performance. Lithium-ion batteries, used in EVs and portable devices, are a key focus, with testers measuring voltage, capacity, and resistance. Digitalization of urban mobility infrastructure, electrification, and the use of rechargeable batteries in watches, flashlights, clocks, and other devices further boost market demand.

Market Research Overview

The global automotive components and equipment market encompasses businesses producing parts and accessories for various automobile categories, including passenger cars (PCs), electric vehicles (EVs), commercial vehicles (CVs), heavy-duty vehicles, off-road vehicles, motorcycles, scooters, quad bikes, and three-wheelers. According to Technavio, the market size is determined by the consolidated revenue generated by these manufacturers. Key growth drivers in the automotive components and equipment industry include the surge in electronic components utilization in automobiles and the expanding sales of electric vehicles, motorcycles, and passenger cars, which have significantly boosted the demand for electronic control units (ECUs) and other electrical components over the past decade. Additionally, advancements in technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and Automated Vehicle Testing (AVL) are revolutionizing battery testing, particularly for lithium-ion batteries in the battery industry and battery condition monitoring in the evolving battery market.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/