Vehicle Scanner Market Forecasts to 2028 – Global Analysis By Component (Camera, Barrier, Lighting Unit, Vehicle Scanning Software), Type (Fixed/Static Scanner, Portable/Mobile Scanner) and By Geography
According to Stratistics MRC, the Global Vehicle Scanner Market is accounted for $1.95 billion in 2022 and is expected to reach $3.15 billion by 2028 growing at a CAGR of 8.3% during the forecast period. A vehicle scanner is an electronic instrument that is utilized to interface with, analyze, and, some of the time, reinvent vehicle control modules. There are different kinds of vehicle scanners accessible which are principal because of the presence of various makers for the vehicle scanner. These scanners help to distinguish possible dangers, unfamiliar items, booty, and others.
Motor vehicle sales contracted by five percent worldwide between 2020 and 2021. Passenger vehicles increased by 5 percent compared to the previous year when some 53.92 million cars were sold worldwide. In 2020, motor vehicle sales reached just under 78 million units worldwide. China was the largest automobile market worldwide, making up close to 20 million of the new car registrations that same year. The United States and Europe ranked second and third, with light vehicle sales reaching approximately 15 million units in the U.S. market. The German-based Volkswagen Group and Japanese Toyota Motor were the global leading automakers, with revenues reaching around 250 billion U.S. dollars in 2020. These companies were both impacted by the economic downturn linked with the COVID-19 pandemic, with Toyota’s revenue falling by nine percent.
Market Dynamics:
Driver:
Rising infrastructure development
Rising infrastructure development is a crucial factor accelerating the market growth, also, rising installations of vehicle scanner systems to prevent activities such as border trespassing, smuggling, and human trafficking and increasing availability of advanced security solutions that can provide throughout inspection without causing distress to passengers are the major factors among others boosting the vehicle scanner market.
Restraint:
High cost of operation
The factors such as huge cost of operation and lack of skilled workforce are limiting the market growth. Also, the limited growth ratio due to the over-saturation of the product in the developed regions is the potential restraints hampering the overall growth of the global vehicle scanner market.
Opportunity:
Growing demand for full vehicle body scanning
Increase in the demand for full vehicle body scanning and rising encouragement from government facilities will create new opportunities for vehicle scanner market in the forecast period.
Threat:
Saturated market demand
The saturated market demand for UVSS in developed countries will challenge the vehicle scanner market in the forecast period.
Covid-19 Impact
The automotive sector is on the front line due to the interrupt caused by the epidemic to trade as usual and throws the financial position into indecision. A few major affected areas are home and key manufacturing hubs to foremost links in the total supply chain sectors. COVID‐19 affected automobile new vehicle sales very badly especially in the month of February 2020. Like, in China new sales of vehicles have fallen by 92% in February. Also, in European countries total vehicle sales were dropped by 7.4% when compared to that of sales in last year. Also, in country like India, many automobile industries such as TVS, Mahindra have stopped their production sales due to lockdown and likewise many sectors have been affected.
The drive-through segment is expected to be the largest during the forecast period
Drive-through vehicle scanners are also known as full body scanners. Governments, military premises, and highly restricted areas are now focusing on the installation of drive-through vehicle scanners. These systems mostly use X-ray technology to scan vehicles, which help in identifying bombs, drugs, contraband, and other possible threats. This system is best suitable for scanning large vehicles at places such as airports, seaports, tolls, oil plants, and cross-border checkpoints. For instance, manufacturers such as Rapiscan provide drive-through full vehicle body scanning systems.
The fixed/static scanner segment is expected to have the highest CAGR during the forecast period
The fixed/static segment market is the largest contributor due to the high adoption rate in countries such as the US, Saudi Arabia, Germany, and the UK. A fixed/static vehicle scanner is usually installed in permanent vehicle scanning checkpoints. It involves high installation cost as compared with the portable/mobile vehicle scanner system because fixed/static vehicle scanner is installed under the ground surface. The static vehicle scanner is capable of scanning the vehicle with speed ranging from 30 to 60 km/h. The system can scan, detect, and compare images automatically, making the security personal’s job easier, safer, and more effective.
Region with largest share:
North America is projected to hold the largest market share owing to the presence of developed infrastructure such as airports, seaports, and high security measures to combat illegal activities and terrorism. The continuous rise in terrorist activities in the region has fueled the demand for high safety and security systems within many countries. Governments and private and commercial properties are focusing more on the safety concerns to combat threats. To ensure safety and security, properties are installing under vehicle scanners and overhead X-ray systems for full vehicle body scanning. To minimize illegal entries of vehicles at borders, RFID system and Under Vehicle Scanning System (UVSS) can be installed. Such factors are driving the global vehicle scanner market in the North American region.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR due to the high level of production of vehicles in countries such as China, Japan, and developing nations like India. Rising infrastructure development and rising security and safety concerns in these countries are also driving the regional market growth.
Key players in the market
Some of the key players profiled in the Vehicle Scanner Market include Intelliscan, Uviscan, International Road Dynamics, Godrej & Boyce, Infinite Technologies, Secuscan, Bharat Electronics, Omnitec, Dahua Technology, Gatekeeper Security, Tescon AG, Leidos, Rapiscan Systems, El-Go Team, and Uveye.
Key developments:
In August 2020: Leidos has developed a variety of VACIS units to meet the needs of various government agencies such as mobile systems for airports, military units on Humvees, and rail systems. VACIS has become more sophisticated over time, changing from early gamma-ray contraband detectors to complex systems that integrate manifest information from cargo with X-rays in real time.
Components Covered:
• Camera
• Barrier
• Lighting Unit
• Vehicle Scanning Software
Types Covered:
• Fixed/Static Scanner
• Portable/Mobile Scanner
Structures Covered:
• Drive-Through
• Under Vehicle Surveillance Systems (UVSS)
Technologies Covered:
• Sensing
• Scanning
• Illuminating
• Imaging
• Processing
Applications Covered:
• Private/Commercial Facilities
• Government/Critical Infrastructure Protection
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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