Global Vehicle Scanners Market to Reach $3.3 Billion by 2030
The global market for Vehicle Scanners estimated at US$2.2 Billion in the year 2023, is expected to reach US$3.3 Billion by 2030, growing at a CAGR of 6% over the period 2023-2030. Fixed / Static Vehicle Scanners, one of the segments analyzed in the report, is expected to record 5.8% CAGR and reach US$2.2 Billion by the end of the analysis period. Growth in the Portable / Mobile Vehicle Scanners segment is estimated at 6.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $592.1 Million, While China is Forecast to Grow at 8.8% CAGR
The Vehicle Scanners market in the U.S. is estimated at US$592.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$749.5 Million by the year 2030 trailing a CAGR of 8.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.
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