Global vehicle scanner market is projected to grow at a CAGR of 6.28% from USD 1.5 billion in 2018 to reach USD 2.3 billion by 2025.
Growing safety and security concerns, significant infrastructure investments, and border facility security all have an impact on the automotive vehicle scanner market’s growth.
Drive-through vehicle scanner: Increasing air and sea cargo trade is expected to drive the vehicle scanner market
The market’s largest segment, drive-through vehicle scanners, is anticipated to develop significantly over the projected period. Drive-through vehicle scanners are in greater demand as a result of the expanding trend of shipping products by air and water. The level of security has also been raised through the introduction of cutting-edge technology in drive-through vehicle scanners, such as X-ray cargo scanning.
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Government/Critical infrastructure protection: Securing the borders and premises
The market for vehicle scanners is anticipated to be dominated by the protection of key infrastructure and the government. The growth is the result of things like the ongoing increase in military spending and safeguarding borders by putting up safety and security measures. One of the most critical security factors taken into consideration for a nation’s protection is cross-border security. By installing vehicle scanners, the amount of migrants entering the country illegally via trucks, boxcars, and shipping containers can be reduced. As a result, the market for protecting critical infrastructure and the government has a significant demand for vehicle scanners.
Asia Pacific: China is expected to lead the Asia Pacific market
According to estimates, the market in the Asia-Pacific region is expanding the fastest. Some of the world’s fastest-growing economies, including China and India, are found in this region. Important car scanner suppliers including Vehant (India), Safeways Systems (China), Dahua Technology (China), and ParkNSecure (India) are all based in the Asia Pacific region. To build and maintain the infrastructure, the nations in this region are investing heavily. A nation can create the macroeconomic conditions it needs to eliminate poverty by investing in its infrastructure. A strong infrastructure supports economic growth and raises the level of living. Increased safety and security worries due to terrorism, criminal activity, bombings, and threats are a result of infrastructure development. Consequently, there is a greater need for vehicle scanners in the area as a result of growing security concerns.
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Key Players
The global vehicle scanner market is dominated by major players such as Gatekeeper Security (US), SecuScan (Germany), UVIScan (Netherlands), Leidos (US), and IRD (Canada).
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