Heavy investments in R&D and advanced detection software by vehicle scanner manufacturers worldwide have led to continuous advancements in scanning technology. The growing security awareness and continuous improvement of vehicle scanning software are among the major factors responsible for the expected advancements in the vehicle scanner market.
The Vehicle Scanner Market is expected to grow at a CAGR of 6.28% from USD 1.5 billion in 2018 to reach USD 2.3 billion by 2025.
The continuous growth in the use of advanced technology and portable/mobile vehicle scanners is further anticipated to boost the vehicle scanner market. In 2018, UVeye partnered with Toyota Tsusho Corporation to strengthen its presence in Japan for vehicle inspection with the help of AI. This system will be deployed in auction sites and used on Toyota‘s used cars.
The major factors driving this growth are rapidly developing infrastructure and stringent measures to protect cross-border security.
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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The portable/mobile scanner segment is the fastest-growing market. These scanners are generally surface mounted and cased in an easy-to-carry structure. It is often used for security requirements where there are multiple checkpoints. It is light in weight as aluminum and stainless steel are used for manufacturing such systems. It can be deployed in 15–20 minutes. In the case of a cargo vehicle inspection system, the trailer-mounted overhead vehicle scanner can be easily towed and rapidly deployed to scan the entire cargo vehicle. Portable/Mobile scanners require comparatively very low installation cost and can be installed at multiple checkpoint locations as they are easy to carry. Such factors drive this market.
The Asia Pacific is estimated to be the fastest-growing vehicle scanner market during the forecast period because the region has relatively inexpensive vehicle scanner manufacturers. Also, increased awareness about security equipment and the rising number of manufacturers for UVSS from countries such as China and India is attributing to the overall growth of vehicle scanners. High-security measures and increased military expenditure to secure premises offers attractive market opportunities for vehicle scanner manufacturers and vehicle scanner component suppliers. The Asia Pacific is home to key vehicle scanner manufacturers such as Vehant Technologies (India) and Dahua Technology (China).
The Under Vehicle Scanning System (UVSS) is the fastest-growing segment. The growth is attributed to the improved infrastructure facilities in emerging economies such as China, India, and Brazil. Worldwide developments can be seen with respect to UVSS applications such as airports, seaports, military bases, prisons, hotels, and oil refineries and are expected to further boost the overall market demand for UVSS.
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- In April 2018, SecureOne International BV, which is the parent company of UVIScan, acquired the PlateCatcher brand and activities from Topguard/Heras Group.
- In November 2018, UVeye partnered with Toyota Tsusho Corporation to strengthen its presence in Japan for vehicle inspection with the help of AI. This system will be deployed in auction sites and used on Toyota‘s used cars.
- In December 2018, Roadway Electric LLC awarded a contract to International Road Dynamics (IRD) Company to supply and maintain a statewide port of entry truck screening system as part of a design-build project valued at USD 2.8 million for the Arizona Department of Transportation. IRD will supply and supervise the installation of the truck screening system at 5 locations throughout the state, including Ehrenberg, Topock, Sanders, San Simon, and Parker Weigh stations. IRD will maintain the systems for 5 years as part of this contract.