Vehicle Scanner Market

Vehicle Scanner Market Size (2023 - 2028):

The Global Vehicle Scanner Market was worth US$ 1.78 billion in 2022 and is anticipated to reach a valuation of US$ 2.66 billion by 2028 and is predicted to register a CAGR of 7.10% during 2023-2028.

Market Overview:

The Vehicle Scanner is an electronic tool used to interact, diagnose or reprogram the vehicle's control modules. Vehicle scanners are portable and stationary types that offer applications such as vehicle detection, lighting, scanning, image processing, and processing. It is used for onboard diagnostics in vehicles. There is a great demand in the market for vehicles offering advanced security and user-friendly functions, and the vehicle scanner plays an important role in implementing these functions. Vehicle scanners help identify immediate threats, contraband, foreign objects, and more.

Rapidly growing government initiatives for the development of intelligent transportation systems will drive the growth of the vehicle scanner market in the coming years. Some governments promote PPPs for urban traffic control and vehicle surveillance. Furthermore, the EST strategy implemented by the Government of Singapore will help reduce carbon emissions while improving vehicle monitoring and traffic management, thus contributing significantly to the growth of the global vehicle scanners market.

Market Drivers:

The toll booths are integrated with IoT with vehicle digitization to capture and store accurate and precise information with a minimum of human error. IoT reduces scan time and operational costs due to the elimination of labour. The expansion of toll roads around the world is a major factor driving the growth of the global Vehicle Scanners market. Recent years have seen a significant increase in the number of toll roads around the world. Rising car production, increased sales of electric vehicles, technological advances in the automotive industry, growing threats from extremists and terrorists, growing support and government initiatives for the development of intelligent transportation systems, and strict government regulations related to the concerns of safety and security around the world are acting as market drivers. Additionally, emerging economies, the increasing popularity of electric vehicles, and safety concerns around the world are creating growth opportunities for the global vehicle scanner market.

Market Restraints:

However, the high initial and operating cost of the system is supposed to slow the growth of the global vehicle scanner market. These advanced vehicle scanners require technology updates related to the operating system, software, and high-resolution displays on a regular basis.

Market Recent Developments:

• Tel Aviv-based startup UVeye, with its innovative product, set the longer-term customary for vehicle examination. The company offers high-end solutions for machine-controlled external vehicle inspection, exploitation of advanced technologies together with proprietary hardware combined with machine learning, and computer vision algorithms.
• Vehicle digitization technology at the border is about to wreck the drug trade. By 2020, CBP will begin installing and testing X-ray imaging systems capable of scanning all vehicles entering the United States for drugs, weapons, money, and other items. smuggling.
• IRD has launched its new Under Vehicle Area Scanner (UVAS). UVAS can be used for moving vehicle inspection, "before and after" or "after and before" comparisons, and for license plate recognition, and provides high-definition images in real-time.

VEHICLE SCANNER MARKET REPORT COVERAGE:

Market Segmentation:

Vehicle Scanner Market - By Scanner:

• Portable/Mobile Scanner 
• Fixed/Static Scanner 

High efficiency and advanced features are the driving force behind the portable scanner market segment. The ease of use of portable scanners further stimulates the portable scanner segment. Increasing investment in defense infrastructure around the world is one of the main drivers of the growth of the vehicle scanner market in the segment. The growth in defense spending is expected to increase the need for portable vehicle scanners in defense camps as they are not precisely located.

Vehicle Scanner Market - By Structure:

• Drive-Through 
• UVSS 

Depending on the type of structure, the drive-thru segment is supposed to dominate the global market in terms of revenue during the conjecture period. The increasing use of the reader through the vehicle scanner for military and government purposes for the identification of explosives, drugs, or other types of potential threats is a factor that is expected to drive the growth of the segment in the world market.

Vehicle Scanner Market - By Application:

• Private/Commercial Facilities 
• Commercial Parking Facilities
• Stadiums and Other Public Venues
• Government/Critical Infrastructure Protection
• Government Buildings, Palaces, Presidential Complexes 
• Military, Defense Facilities, and Borders
• Entrances of Energy Plants 

Among applications, the government segment is foreseen to represent a significant share in terms of revenue in the near future. The increasing installation of vehicle scanners in military bases, border checkpoints, and government infrastructure is a factor driving the growth of the segment in the target market.

Vehicle Scanner Market - By Technology:

• Scanning
• Sensing
• Imaging
• Illuminating
• Processing

Vehicle Scanner Market - By Component:

• Camera
• Barrier
• Vehicle Scanning Software 
• Lighting Unit 
• Others

Market Regional Analysis: 

The Global Self-Balancing Mobility Market Report includes the segmentation of regions:

• North America
• Europe
• Asia-pacific
• Middle-east and Africa
• Latin America

North America is home to the leading manufacturers of vehicle scanners, making the region have a significant share in 2018. Increasing highway expansion activities in the area have increased demand for these scanners at toll booths. The anticipated increase in the number of supermarkets in the region will also drive market growth in the region due to the demand for portable vehicle scanners at parking lot checkpoints. Asia-Pacific and Europe follow North America, due to higher vehicle production in countries such as Germany, China, and Japan and higher demand from developing countries such as India and those in ASEAN and Eastern Europe. Following the economic and political recession, Latin American countries are experiencing economic expansion at a significant rate. Therefore, the market in Latin America is likely to develop at a higher CAGR during the conjecture period.

Impact of COVID-19 on the global vehicle scanner market:

The temporary shutdown of manufacturing units as part of controlling coronavirus transmission through lockdowns in several nations has resulted in declined sales in the vehicle scanner market. With the lifting lockdown conditions, the market is supposed to reach its normal levels in the next two to three years.

Market Key Players:

1. Gatekeeper Security (U.S.)
2. SecuScan (Germany)
3. UVIS (Netherlands)
4. Leidos (U.S.)
5. IRD (Canada)
6. SCANLAB GmbH
7. Omnitec Group
8. Advanced Detection Technology LLC
9. Rapiscan Systems