The growing concern for safety by governments and developments in infrastructure are driving the market for vehicle scanners.
Market Size – USD 1,638.8 Million in 2020, Market Growth - CAGR of 5.90%, Market Trends – Rise in terrorist activities worldwide.
The Global Vehicle Scanner Market is forecast to reach USD 2,609.8 Million by 2028, according to a new report by Reports and Data. A vehicle scanner is an electronic tool that is used to diagnose and also reprogram vehicle control modules.
Various types of scanners, such as fixed and portable, aid in illuminating, sensing, imaging, scanning, and processing of the vehicle. These scanners are useful for the onboard diagnostics in vehicles. Consumers demand vehicles that are integrated with more safety features and user-friendly functionalities. Vehicle OEMs are focusing on providing user-friendly systems that possess advanced technology features. Furthermore, increased focus on safety and security norms by organizing governments of various countries along with infrastructure development, are factors driving the vehicle scanner system market.
The rising production of vehicles, an increase in the sales of electric vehicles, advancements in technology, and rising threats from the extremists and terrorists are propelling the demand for the market. An increase in government initiatives and support for the development of intelligent transportation systems and stringent regulations are also encouraging the growth of the market.
North America is expected to lead the market for vehicle scanners owing to the high demand for portable vehicle scanners in parking checkpoints. The region has witnessed a high number of terrorist activities over the past couple of years, and concern for the safety of the public has increased the security in both government and commercial places.
Key participants include Omnitec, Tescon AG, Godrej Boyce, Secuscan, Leidos, El-Go Team, Gatekeeper Security, Uveye, Infinite Technologies, and Intelliscan, among others.
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Further key findings from the report suggest
- The portability of surveillance systems can significantly affect how (and if) security personnel can deploy in high stress / rapid situations. Light, durable, and highly mobile systems allow fast and easy deployment in any situation. Portable/Mobile Scanner is forecasted to grow with a CAGR of 6.9% during the forecast period.
- Under Vehicle Surveillance Systems (UVSS) provides high resolution stitched images of the underside of the vehicles and scans vehicles of all categories and sizes. The UVSS can be networked to centralized monitoring and database management system.
- Scan tools cost more than code readers, and these gadgets are equipped with different variety of features that code readers don't have. They provide access to live and recorded data, can facilitate advanced troubleshooting options, and are also able to read manufacturer-specific codes.
- Scan tools costs more than code readers, and these gadgets are equipped with different variety of features that code readers don't have. They provide access to live and recorded data, can facilitate advanced troubleshooting options, and are also able to read manufacturer-specific codes.
- The government institutes have a high demand for vehicle scanner systems to secure sensitive places such as oil plants and nuclear plants. The governments are installing vehicle scanners to safeguard defense facilities, military bases, and cross-border checkpoints. The protection is extended to nuclear plants, ancient monuments, and prison facilities.
- Asia Pacific is forecasted to grow with a CAGR of 6.5% during the forecast period. High level of production of vehicles in countries such as China, Japan, and developing nations like India, are encouraging market demand.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/vehicle-scanner-market
For the purpose of this report, Reports and Data have segmented into the global Vehicle Scanner market on the basis of scanner type, structure type, technology type, application, and region:
Scanner Type Outlook (Revenue, USD Billion; 2018-2028)
- Fixed/Static Scanner
- Portable/Mobile Scanner
Structure Type Outlook (Revenue, USD Billion; 2018-2028)
Technology Type Outlook (Revenue, USD Billion; 2018-2028)
Application Outlook (Revenue, USD Billion; 2018-2028)
- Private or Commercial Facilities
- Government/Critical Infrastructure Protection
Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Asia Pacific
- Latin America
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Key Advantages of Vehicle Scanner Report:
- Identification and analysis of the market size and competition
- Qualitative and quantitative analysis of the market data
- Data validated by industry experts after extensive primary and secondary research
- Extensive regional analysis of the Vehicle Scanner industry
- Profiling of key players along with their business overview, business strategies, deals and partnerships, and product portfolio
- SWOT and Porter’s Five Forces Analysis for in-depth understanding of the competitive landscape
- Feasibility analysis and investment analysis to enable strategic investment decisions
- Analysis of opportunities, drivers, restraints, challenges, risks, and limitations
Conclusively, all aspects of the Vehicle Scanner market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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