The automotive battery testers market is expected to experience a significant increase of USD 78.9 million from 2024 to 2028, according to a report by Technavio. This growth is primarily driven by the longer lifespan of vehicles, resulting in a higher vehicle population and subsequently, an increased demand for automotive battery testers. However, the market also faces challenges with the emergence of supercapacitors as potential replacements for traditional batteries.
Prominent players in the automotive battery testers market include Autel Intelligent Technology Co., AutoMeter Products Inc., and Fortive Corp., who are leading the way in providing innovative testing solutions for vehicle batteries. The market is anticipated to grow at a compound annual growth rate (CAGR) of 3.73% during the forecast period of 2024-2028.
The adoption of touchscreen battery testers, such as the Midtronics DSS-5000, is a notable trend contributing to market growth. These testers offer a user-friendly experience and save space, making them an appealing option for consumers and professional repair shops. Additionally, the increasing demand for automotive battery testers can be attributed to the expanding autonomous vehicle industry, requiring efficient testing solutions for batteries in electric and hybrid vehicles.
Despite this growth, the market faces challenges from the increasing popularity of supercapacitors in the automotive industry, which offer advantages such as quick charge and discharge rates, high power density, and greater energy storage capabilities. As a result, these supercapacitors pose a potential threat to the demand for traditional battery testers in the future.
To overcome these challenges, the automotive battery testers market needs to focus on advancing technologies to measure complex battery systems in electric and hybrid vehicles. User-friendly interfaces and quick testing solutions will also be critical in driving demand for these testers.
The market for automotive battery testers is segmented into simple battery testers and integrated battery testers, with the former witnessing significant growth. These devices are used to identify battery issues, available in digital LED-screen versions, and are known for their convenience and cost-effectiveness, essential for professional repair shops and individual customers.
The increasing popularity of electric vehicles (EVs) and hybrid electric vehicles (HEVs) has significantly contributed to the growth of the automotive battery testers market. Advancements in artificial intelligence (AI) and the internet of things (IoT) have also revolutionised battery testing in the automotive industry, allowing real-time monitoring of battery conditions and identifying potential flaws.
Overall, the automotive battery testers market is evolving to meet the demands of an increasingly electrified transportation sector. With the right technological innovations and a focus on efficient testing solutions, the market is poised for substantial growth in the years to come.