The market value of the car diagnostic scanner was worth $31.87 billion in 2020. By 2027, the market should hit $45.02 billion—showing a CAGR of 5.1 percent in five years.
This report expresses the profitability of the OBD2 scanner market as 91 percent of households in the US have at least one car.
Undoubtedly, there’s a big market for OBD2 scanners. As more cars hit the road, they may have faults over time, requiring diagnosis. Since there are more DIYers today, consumers prefer to diagnose their cars over spending a fortune on hiring professionals.
This article will show vendors the profit potential of OBD2 scanners and five awesome OBD2 scanners to start offering to boost sales.
Table of Contents
How profitable is the OBD2 scanner for a seller?
Five amazing OBD2 scanner trend types
Wrapping up
How profitable is the OBD2 scanner for a seller?
Most governments globally, especially in the US, are releasing strict regulations to combat the car CO2 emission problem. As a result, there is a spike in demand for auto diagnostic tools.
With these car on-board display scanners, consumers identify mechanical issues in their cars without biting the bullet.
Moreover, new sets of OBD2 scanners feature EV testing software, making it possible to test electric cars. The Autel MaxiSYS ultra is a great example of such an OBD2 scanner. More information about this car scanner will be provided later in this post.
There’s no downplaying that OBD2 scanners are here to stay, and their demand is fast growing—as the market value. Hence, this year is an ideal time to jump into the market.
Five amazing OBD2 scanner trend types
EV testing tools
Consumers that drive electric vehicles like Telsa, Audi, BMW, etc., will love this diagnostic tool type. The EV testing technology is relatively new, so few OBD2 scanners have the function. These diagnostic tools are quite expensive, but they are worth every penny.
Interestingly, EV testing tools do more than testing vehicles and their components. They also do conformance testing (charging back-office systems and connecting charging stations) and charge associated systems and charging interfaces that activate electric vehicles.
Most EV testing tools have a VCI that modifies them into a waveform generator, multimeter, 4-channel oscilloscope, and CAN BUS tester. These tools can also perform system diagnostics like reading trouble codes from OBD2-compliant vehicles. Other features of the device include reading codes from modules like transmission, airbag system, and antilock brake system.
With a powerful 13-inch TFT-LCD touchscreen, consumers can boast of reading electric vehicle codes easily—thanks to the software. In addition, when using the EV testing tools, buyers will get readings like the freeze frame data, oxygen monitoring test results, and emission diagnostic trouble codes.
Besides EV testing, consumers can use this diagnostic tool type to perform online ECU programming on car models like Tesla, BMW, Buick, Audi, etc.
DPF diagnosis tools
The DPF diagnosis tools are ideal for consumers that use diesel cars. DPF refers to Diesel Particulate Filter. These filters can accumulate harmful particles as users drive for long hours at low speeds. As a result, the exhaust system may get blocked, which causes different issues.
The DPF blockage usually comes in different stages. But DIYers can unblock the DPF via regeneration as long as the blockage is about 45 percent (first stage). The car scanners work by providing information on the DPF’s status. That way, it’s quite easy for consumers to regenerate the filter manually. Also, these tools can reset the DPF when necessary, and they are compatible with different Asian, US, and European car models from 1996.
Real-time/live data scanners
Most cars produced today come with smart sensors that notify drivers of faults via the “check engine” light, but that’s where it stops. Having an OBD2 scanner with a real-time/live data function helps produce a more forensic report. In other words, consumers would be able to identify the exact part of the car with the fault.
These OBD2 scanners can display all the live readings in real-time to help the consumer easily diagnose issues—thanks to its live data app and IMMO sensor. Consumers driving modern vehicles from 2020 and above will enjoy the real-time live data scanners. Also, DIYers or hobbyist mechanics will prefer this option because it’s beginner-friendly.
These live data scanners feature a fast-core processor that dishes out light speed and a smooth operation. They also have an attractive design alongside a user-friendly Android interface ideal for car enthusiasts and professionals. Further, they work well with vehicles that support protocols.
Key programming OBD2 scanners
Consumers that are particular about their car security system will prefer key programming OBD2 scanners. These tools aren’t only ideal for diagnosing faults in vehicles; they can read and program keys.
So, consumers who misplace their car keys can use this OBD2 scanner type to reset them from an IMMO memory. In other words, this OBD2 key programmer tool gives users complete control of their car’s security and lock system. Another highlight of this tool type is that it allows drivers to run precise diagnoses and reclaim their vehicle’s VIN.
Because the key programming feature is a new technology, OBD2 scanners in this category are usually pricier than the regular ones.
Wireless/Bluetooth-only scanners
Wireless or Bluetooth-only diagnostic tools have become a popular feature as consumers love convenience. These OBD2 scanners offer users a cost-effective and easy way to diagnose their vehicles and prepare for repair decisions. Wireless scanners are usually portable and lightweight, so they don’t take up space in cars. Also, they are portable to carry around.
The technology is easy to use, making it an ideal option for DIY enthusiasts. The tool’s adapter is also smartphone operable, indicating the ease of monitoring advanced and basic car functions. Interestingly, these devices offer quick results and help consumers understand the codes.
These diagnostic tools are usually compatible with most vehicles and offer suggested fixes. Also, they are suitable for IOS and Windows operating systems. In addition, they cover most US, European, or Asian OBD2 compliant vehicles from 1996.
Wrapping up
The OBD2 scanner is a game-changer in the automotive industry. After all, it gives consumers the power to diagnose their cars without the help of an expert. Plus, it’s a smart way to save a ton of dollars for car mechanical issues.
The Autel MaxiSYS ultra is an ideal option for consumers who intend to run diagnoses on regular and electric car models. Other Autel and Launch options listed here are great but can only run mechanical diagnoses for regular car models.
