Category : ICT | Published at : September-2020 | Delivery Format : PDF | Status: Published | Pages : 190
The market for vehicle scanner is expected to grow at a CAGR of around 6.9% from 2020 to 2027 and expected to reach the market value of around US$ 2,644.5 Mn by 2027.
Vehicle scanners are the examination tools and devices used to detect unidentified objects or threats by scanning the entire frame and interior of the vehicle. This is a type of vehicle inspection system which is inclusive of the imaging system, chemical detector, camera scanners, and color imagery among others. These are used in government buildings, border crossing, nuclear power plants, chemical plants, hotels, hospitals, shopping malls, and airports.
Market Dynamics
The increasing security and safety concerns among the government as well as private bodies are driving the market growth. The rapid infrastructure developments especially in emerging economies are supporting the market value. The rising occurrence of security threats, by terrorist activities such as mass shootings, and bombing is also contributing to the market growth. The increasing installations of vehicle scanner systems to prevent activities such as smuggling, border trespassing, and human trafficking, are further bolstering market growth. Furthermore, rising demand for full vehicle body scanning and encouragement from government facilities are the factors projected to create potential opportunities over the forecast timeframe from 2020 to 2027.
On the other side, the high cost associated with the vehicle scanners is projected to hamper market growth during the estimated period.
Fixed/Static segment is leading the market with major share
By scanner type, fixed/static segment is leading the market with maximum share (%). The fixed/static vehicle scanners are used to install at permanent vehicle scanning checkpoints and are capable to scan the vehicle with speed ranging from 30 to 60 km/h. Moreover, the cost involves in the installation of a fixed/static vehicles is high compared to the portable/mobile vehicle scanner system because these are installed under the ground surface. Additionally, these systems can detect, scan, and compare images automatically, which makes the security person’s job easier, safer, and more effective.
Government/Critical infrastructure segment is having potential share (%) in the global Vehicle Scanner Market
By application, the government/critical infrastructure segment is leading the market with maximum revenue share (%). The rising focus of government institutes towards the security for sensitive places such as nuclear plants, prison facilities, and ancient monuments and oil plants is driving the market value. The various regional governments are installing vehicle scanner systems to safeguard their military bases, defense facilities, and cross-borders checkpoints. Additionally, the increasing terrorist attacks particularly in emerging and developed economies are further forcing the respective governments to take the required measure.
North America is leading the Vehicle Scanner Market with maximum share
In 2019, North America accounted for the major revenue share (%) in the vehicle scanner market. The region is particularly gaining growth on account of its major economies including the US and Canada. The technologically advanced infrastructure and high security and safety systems in the government, as well as the private sector, is supporting the regional market value. Moreover, Asia Pacific is projected to exhibit the fastest growth over the forecast timeframe from 2020 to 2027. The increasing demand, production, and usage of vehicles in the regional market are primarily projected to exhibit the fastest growth of the region.
The players profiled in the report include El-Go Team, Gatekeeper Security, Godrej & Boyce, Infinite Technologies, Intelliscan, International Road Dynamics, Leidos, Omnitec, Secuscan, Tescon AG, Uveye, and Uviscan. The major players are involved in various strategic development activities for gaining the competitive advantage and market share.
Market Segmentation
Market By scanner type
Portable/Mobile
Fixed/Static
Market By Component
Camera
Lighting unit
Barriers
Software
Others
Market By application
Government/Critical Infrastructure Protection
Private/Commercial Facilities
Market By Technology
Sensing
Illuminating
Scanning
Imaging
Processing
Market By Geography
North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Frequently Asked Questions
The increasing security and safety concerns, rapid infrastructure developments especially in emerging economies, rising occurrence of security threats, by terrorist activities, and increasing installations of vehicle scanner systems are some of the factors driving the market growth.
The market for vehicle scanner is expected to reach a market value of around US$ 2,644.5 Mn by 2027.
At what CAGR, the vehicle scanner market is expected to grow during the forecast period (2020-2027)?
The market for vehicle scanner is expected to grow at a CAGR of around 6.9% from 2020 to 2027.
El-Go Team, Gatekeeper Security, Godrej & Boyce, Infinite Technologies, Intelliscan, International Road Dynamics, Leidos, Omnitec, Secuscan, Tescon AG, Uveye, and Uviscan are the prominent players in the market.
North America held the highest market share in the vehicle scanner market.
The Government/Critical infrastructure protection is the leading segment by application in the vehicle scanner market.
Asia Pacific is expected to be the fastest growing market over the forecast period.
