Vehicle Scanner Market Insights, 2031
The global vehicle scanner market size was valued at USD 3.3 billion in 2021 and is projected to reach USD 5.8 billion by 2031, growing at a CAGR of 6% from 2022 to 2031. A vehicle scanner is a computer system that is mounted inside a vehicle and monitors and regulates the vehicle's performance. The car's network of sensors is referred to as a "smart vehicle" since it is capable of sensing and transferring data from the vehicle.
The increasing need for advanced security systems that can provide continuous inspection without giving passengers any discomfort is also a significant driver for global market revenue growth. Vehicles with enhanced safety features and user-friendly functionality have been increasingly popular in recent years. Vehicle scanner manufacturers are also investing more in creating new technology to improve vehicle security and fulfill customer demands.
Advanced vehicle scanners are expensive, and they require frequent software, operating system, and other technical innovation upgrades, which might raise the entire cost of this device. The vehicle scanner's high installation and maintenance costs are among the significant factors restricting growth in the global market throughout the forecast period. Furthermore, demand for under vehicle scanning systems in developed nations is saturated, which may restrict global growth to some extent.
Increasing facilities for car diagnostics tools to stop activities such as border breaking and entering and human trafficking, as well as the growing accessibility of advanced security solutions that can provide continuous inspection without upsetting passengers, are all important factors accelerating market growth. The need for full vehicle body scanning is rising, and this will open up new prospects for the vehicle scanner market throughout the projected period.
The key players profiled in the vehicle scanner market report include Gatekeeper Security, SecuScan, UVIScan , Leidos, IRD , SCANLAB GmbH, Omnitec Group, Leidos, Advanced Detection Technology LLC, Rapiscan Systems.
The global vehicle scanner market is segmented on the basis of scanner type, structure type, application, component and region. By scanner type, the market is sub-segmented into portable, and fixed. By structure type, the market is classified into drive-through, and UVSS. By application, the market is classified into government, and private. By component, the market is classified into camera, lighting unit, barrier, software, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.The vehicle scanner market is segmented into Scanner Type, Structure Type, Application and Component.
By scanner type, the fixed sub-segment dominated the market in 2021. The fixed vehicle scanners are used to place at continuously operating vehicle scanner checkpoints and have a scanning speed range of 30 to 60 Kilometres per hour. Additionally, because fixed car diagnostic scanner systems are installed below the ground, they are more expensive to install than mobile vehicle scanner systems. The work of the security guard is made simpler, safer, and more effective by the fact that these systems can automatically detect, scan, and compare images. These are predicted to be the major factors boosting the vehicle scanner market size during the forecast period.
By structure type, the UVSS sub-segment dominated the global vehicle scanner market share in 2021. Drive-through and Under Vehicle Scanning Systems are the two market segments that make up the global market for vehicle scanners (UVSS). Due to the growing trend of goods being transported by air and water, which generates a high demand for this segment due to increasing security concerns, the drive-through segment is anticipated to account for a substantially larger share of the global market throughout the forecast period.
By application, the Government sub-segment dominated the market in 2021. With rising investments in military services and the installation of safety and security items for border security, the government infrastructure protection segment is anticipated to hold a greater revenue share in the global market during the forecast period. One of the most crucial security issues for any nation is cross-border security. By deploying vehicle scanners, it is possible to limit the unlawful entry of explosives and migrants via trucks, and shipping containers, which is predicted to improve this segment's development during the forecast period. These are predicted to be the major factors affecting the vehicle scanner market size during the forecast period.
By component, the camera sub-segment dominated the market in 2021. These are predicted to be the major factors affecting the vehicle scanner market size during the forecast period. The under-vehicle car code reader system uses an under-vehicle inspection camera, which eliminates the need for physical tools to find hazardous and prohibited materials. The responsible staff can review the images to identify and notify about such things, preventing car accidents. The 3D images the inspection camera takes are crucial to its effectiveness and precision. Modern software is used by the camera to provide user-friendly interaction with the inspection system as it scans the vehicle's underside.
By region, North America dominated the global market in 2021. due to the high demand for vehicle scanners at parking lots, airports, naval ports, and other commercial and governmental settings. There is a greater requirement for security in both governmental and commercial structures due to the increased incidence of terrorist incidents and worries over public safety in the region. Vehicle scanner demand is strong as a result of growing security and safety concerns, and this need is anticipated to fuel market growth in the area throughout the forecast period.
Impact of COVID-19 on the Global vehicle scanner Industry
- COVID-19 has negatively impacted various industries such as automotive which has led to a drastic decline in automotive sales. As vehicle scanner is widely used in automotive manufacturing, there was a significant reduction in the vehicle scanner demand globally.
- Sales of vehicle scanners are directly proportional to the demand from end-use industries namely automotive, appliances, and others. However, the demand for vehicle scanners in the automotive industry was greatly affected owing to import-export restrictions, closed borders, and supply chain disruptions due to the outbreak of the COVID-19 pandemic.
- Economic slowdown has affected the setup of new vehicle scanner projects across the world as the majority of government funding were diverted towards the healthcare sector owing to the rapid spread of the COVID-19 virus, impacting the market to the great extent.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vehicle scanner market analysis from 2021 to 2031 to identify the prevailing vehicle scanner market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the vehicle scanner market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global vehicle scanner market trends, key players, market segments, application areas, and market growth strategies.
Vehicle Scanner Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 5.8 billion |
 Growth Rate | CAGR of 6% |
 Forecast period | 2021 - 2031 |
 Report Pages | 280 |
 By Scanner Type |
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 By Structure Type |
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 By Application |
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 By Component |
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 By Region |
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 Key Market Players | Gatekeeper Security Inc., Omnitec Group, intelliscan, scanlab gmbh, uveye, international road dynamics southa asia pvt. ltd., godrej & boyce mfg. co. ltd., VMI Security System, Secuscan, Tescon AG |
Analyst Review
Increasing government efforts and expenditures in infrastructure development, as well as growing concerns about vehicle security and safety, are expected to be important drivers of market expansion over the projected period. Furthermore, increased full vehicle body scanning demand is expected to drive worldwide market growth. There are several restrictions and barriers that will hinder the market from growing. The main issues that are anticipated to restrict market growth throughout the projected period, however, are the high operational costs and a lack of experienced workforce with vehicle scanner. The global vehicle scanner market is expanding due to the rising concerns about safety and security in public place and private facility centers. The frequency of security issues, such as bombings and mass shootings, is another factor driving the global market growth.
Among the analyzed regions, North America is expected to account for the highest revenue in the market by the end of 2031, followed by Asia-Pacific, Europe, and LAMEA. The innovations of technology in automotive manufacturing are the key factors responsible for the leading position of North America and Asia-Pacific in the global vehicle scanner market.
The global vehicle scanner market size was valued at USD 3.3 billion in 2021 and is projected to reach USD 5.8 billion by 2031, growing at a CAGR of 6% from 2022 to 2031.
The innovations of technology in automotive manufacturing, growing demand and sales of electric vehicles sectors is the major market driver. In addition, rising security concerns, infrastructure development, increased efforts and expenditures by governments in various countries around the world, and rising demand for complete vehicle body scanning is estimated to generate excellent opportunities in the vehicle scanner market.
Gatekeeper Security, SecuScan , UVIScan , Leidos , IRD , SCANLAB GmbH, Omnitec Group, Leidos, Advanced Detection Technology LLC, Rapiscan Systems and the major players in the vehicle scanner market.
Asia-Pacific will provide more business opportunities for the global vehicle scanner market in future.
The major growth strategies adopted by vehicle scanner market players are investment and agreement.
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