Global Automotive Vehicle Scanner Market Industry Analysis 2029


 

 The automotive vehicle scanner market was valued at USD 1.82 billion in 2021 and is expected to reach USD 2.94 billion by 2029, registering a CAGR of 6.19% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario.

 

Automotive Vehicle Scanner Market Dynamics

Drivers

  • Rising demand for preventing illegal activities

Automotive vehicle scanners are highly in demand because they prevent illegal activities, including border trespassing, smuggling, trafficking, and others.

  • Rising demand for safety and security purpose

The vehicles with more excellent safety and security features and user-friendly functionalities are high in demand from recent years. These systems mainly use X-ray technology to scan vehicles, which helps in the detection of bombs, drugs and other potential threats.

Opportunities

  • Surging Product Launches and Initiatives

Additionally, the surging product launches and other initiatives by market players further offer numerous growth opportunities within the market. For instance, The Ohio Turnpike Commission declared USD 223 Million investment in the coming projects for the modernization of toll system.

Restraints/ Challenges

  • High cost of the product

The high cost of advanced vehicle scanners and it requires systematic updates relating to operating systems, software, and other technological advancements, which can also increase the overall cost of the device.

 

COVID-19 Impact on Automotive Vehicle Scanner Market

The COVID-19 pandemic is not expected to have an effect on the extraction of resources such as copper, steel and aluminium. The restrictions on trade due to the market's lockdown and shutdown, which the government has implemented, affect all the industries. On the other hand, the automotive vehicle scanner market is projected to rise significantly by 2022, due to augmented awareness of the need for timely vehicle maintenance and severe emission standards imposed by several nations.

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Global Automotive Vehicle Scanner Market Scope

The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Scanner Type

  • Fixed/Static Scanner
  • Portable/Mobile Scanner

Technology Type

  • Sensing
  • Illuminating
  • Scanning
  • Imaging
  • Processing

 Structure Type

  • Drive-Through
  • UVSS

Component

  • Camera
  • Lighting Unit
  • Barrier
  • Vehicle Scanning Software

Application

  • Government/Critical Infrastructure Protection
  • Private/Commercial Facilities

Automotive Vehicle Scanner Market Regional Analysis/Insights

·        The countries covered in the automotive vehicle scanner market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

·        North America dominates the automotive vehicle scanner market in terms of market revenue and share during the forecast period of 2022-2029. This is due to increasing use of vehicle scanner systems at airports, government buildings, naval ports among others, rising concerns regarding safety and security in public places and private facility centres, growing adoption of technologically advanced security systems and growing occurrence of security threats in this region.

·        Asia-Pacific is expected to be the fastest developing regions due to rising security and safety concerns and increasing infrastructure development in this region.

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MAJOR TOC OF THE REPORT

Ø  Chapter One: Introduction

Ø  Chapter Two: Market Dynamics

Ø  Chapter Three: Covid 19 Impact

Ø  Chapter Four: Market Scope

Ø  Chapter Five: Regional Analysis/Insights

 

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