Global Vehicle Scanner Market was valued at an estimated USD 1.48 billion in 2018 and this market value is expected to grow with a CAGR of 6.25% in the forecast period of 2019-2026, resulting in the estimated value at USD 2.40 billion by 2026. The factors behind the growth of the market are government backing along with the increase in urbanization requiring increased security for the same.
Few of the major competitors currently working in the vehicle scanner market are Gatekeeper Security Inc., SecureOne International BV, INFINITE TECHNOLOGIES, Godrej.com, SCANLAB GmbH, Omnitec Group, TESCON Sicherheitssysteme AG, Leidos, UVeye, International Road Dynamics Inc., EL-GO TEAM, Advanced Detection Technology LLC, Rapiscan Systems, CASS PARKING, VMI Security System, Chemring Group PLC, Amba Defence Global Ltd, Dahua Technology Co. Ltd, Toyota Tsusho Corporation, Vehant Technologies, Safeway Inspection System Limited and PARKnSECURE Pvt. Ltd.
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Market Definition: Global Vehicle Scanner Market
Vehicle scanners are inspection devices and components that scan the body and inside of the vehicle for any threats. These components scan under the vehicle by using under vehicle scanning system (UVSS), they also scan inside the vehicles for any unidentified individuals or threats with the help of CCTV cameras. These devices and components altogether are termed as vehicle scanners.
- Increasing threats from extremists and terrorists resulting in rise of security; this factor is expected to act as a driver for the market growth
- Limited growth ratio due to the over saturation of the product in the developed regions
Segmentation: Global Vehicle Scanner Market
- By Scanner Type
- Portable/Mobile Scanner
- Fixed/Static Scanner
- By Component
- Lighting Unit
- Vehicle Scanning Software
- By Technology Type
- By Structure Type
- Under Vehicle Scanning System (UVSS)
- By Application
- Private/Commercial Facilities
- Commercial Parking Facilities
- Stadiums & Other Public Venues
- Government/Critical Infrastructure Protection
- Military & Defense
- Government Buildings & Palaces
- Energy Plants
- Nuclear Power Plants
- Natural Gas Facilities
- Oil Refineries
- Water Reservoirs
- Private/Commercial Facilities
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East & Africa
- North America
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Key Developments in the Market:
- In November 2018, UVeye and Toyota Tsusho Corporation announced the establishment of a collaborative agreement aimed at developing a fully operational vehicle scanning and inspection system equipped with Artificial Intelligence. With the operation of this system overall costing and accuracy of inspection systems for vehicles is expected to be effected and help in creating enhanced operational cycle.
- In April 2018, SecureOne International BV announced that they had completed the acquisition of PlateCatcher brand and operations associated with the brand from Topguard/Heras Group.
Competitive Analysis: Global Vehicle Scanner Market
Global vehicle scanner market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vehicle scanner market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Research Methodology: Global Vehicle Scanner Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved
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