The vehicle scanner market is anticipated to be valued at US$ 2.3 billion in 2024 and is projected to have room to grow to US$ 4.7 Billion by 2034, according to Future Market Insights. From 2024 to 2034, the market is anticipated to expand at a moderate CAGR of 7.4%.
The necessity for precise and efficient scanning technologies, efficient screening procedures at airports and border crossings, and an increase in international trade are all driven by security concerns. Increased security concerns, high-security regions, the rise of international commerce, regulatory requirements, and technological advancements are driving forces behind the vehicle scanner market. Accurate and efficient scanning systems are necessary for improved safety.
The vehicle scanner market is experiencing significant growth due to increasing security threats, necessitating more efficient screening solutions at border crossings, airports, and other high-security locations. This demand for reliable and effective vehicle scanning technologies is resulting in a need for quick and accurate detection of potential security threats.
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Technological advancements in vehicle scanning are driving the market, enabling operators to screen more vehicles in less time, especially at high-traffic locations like border crossings and airports. These innovative technologies are more accurate, faster, and efficient than ever before, thereby enhancing security.
The vehicle scanner market is experiencing growth due to increasing international trade, necessitating efficient screening solutions for the safety and security of goods transported across borders. This has led to a significant increase in demand for vehicle scanners, which are used to screen commercial vehicles and cargo for potential security threats.
Mandates from regulations are also contributing to the market expansion for car scanners. To protect their residents’ safety and security, governments worldwide are enacting laws mandating the deployment of car scanners at border crossings and other high-security areas. The global battle against terrorism and other security concerns is making vehicle scanning technologies more necessary, driving up demand for vehicle scanners.
Key Takeaways from the Vehicle Scanner Market Report:
- The United States vehicle scanner industry is projected to experience a CAGR of 7.7% through 2034.
- Japan’s vehicle scanner industry is expected to demonstrate a rapid CAGR of 8.5% through 2034.
- The United Kingdom’s vehicle scanner industry is anticipated to see a CAGR of 8.6% through 2034.
- South Korea’s vehicle scanner industry is likely to showcase a significant CAGR of 9.0% through 2034.
- China’s vehicle scanner industry is expected to display a favorable CAGR of 7.9% through 2034.
Competitive Landscape:
The subsequent decade is anticipated to witness a significant increase in the vehicle scanner industry due to advancements in artificial intelligence, machine learning, and sensor technologies.
The goal of manufacturers is to provide modular, scalable solutions that are easy to incorporate into the current security architecture. Cooperation between businesses, academic institutions, and governmental organizations is expected to spur innovation and address new challenges in the field of car scanning technology.
Market participants are also prioritizing sustainability and creating scanning solutions that are energy- and environmentally-efficient. These market participants need to adapt to changing consumer demands to stay competitive and meet the complex security requirements of the automobile sector.
Leading Key Players:
- Smiths Detection
- Leidos
- Rapiscan Systems
- UVIScan
- Godrej & Boyce mfg. Co. Ltd.
- Secuscan
- Gatekeeper Security Inc.
- Uveye
- International Road Dynamics South Asia pvt. ltd.
- Tescon AG
- Autoclear LLC
- Astrophysics Inc.
- L3Harris Technologies
- SAIC
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Recent Developments in the Vehicle Scanner Market
- Anyline unveiled the Tire Sidewall Scanner in October 2023 to enhance consumer understanding in the eCommerce industry. The scanner extracts tire sidewall information in a single shot.
- UVeye successfully raised US$ 100 million from a group of investors in May 2023, with General Motors Co. among them. This investment aims to accelerate the expansion of sales and expand North American production capacity.
Vehicle Scanner Market Segmentation:
By Scanner Type:
- Portable
- Fixed
By Structure Type:
- Drive-Through
- UVSS
By Application:
- Government
- Private
By Component:
- Camera
- Lighting Unit
- Barrier
- Software
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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