Global Automotive Vehicle Scanner Market – Industry Trends and Forecast to 2029

Automotive Vehicle Scanner Market Analysis and Size

The automotive vehicle scanner is a device which plays a vital role in the overall safety of a vehicle, so this gradually increases the demand for these scanner in the market. There is high demand for vehicles with extra safety and security features and user-friendly functions. The rising incidence of terrorist and hacking activities, among others is also creating the beneficial opportunities for the market players which is operating in the global vehicle scanners market during above mentioned forecasted period

Data Bridge Market Research analyses that the automotive vehicle scanner market was valued at USD 1.82 billion in 2021 and is expected to reach USD 2.94 billion by 2029, registering a CAGR of 6.19% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.     

Automotive Vehicle Scanner Market Scope and Segmentation

Market Definition

An automotive vehicle scanner is an electronic device used to interface with, diagnose and sometimes reprogram vehicle control modules. An automotive vehicle scanner connects to the car's diagnostic port which has located in the driver area. They connect to a mobile app on the smartphone via Bluetooth or Wi-Fi. The app can interpret and read stored error codes. It can also delete the error codes once the fault has been rectified.

Automotive Vehicle Scanner Market Dynamics

Drivers

• Rising demand for preventing illegal activities

Automotive vehicle scanners are highly in demand because they prevent illegal activities, including border trespassing, smuggling, trafficking, and others. Increasing need for advanced security solutions that deliver continuous inspection without causing any discomfort to the passengers is also a major factor supporting the revenue growth of the global automotive vehicle scanner market.

• Rising demand for safety and security purpose

The vehicles with more excellent safety and security features and user-friendly functionalities are high in demand from recent years. These systems mainly use X-ray technology to scan vehicles, which helps in the detection of bombs, drugs and other potential threats. Increasing concerns for security and safety is anticipated to increase the revenue growth of the automotive vehicle scanner global market to a significant extent in overall forecast period.

Opportunities

• Surging Product Launches and Initiatives

Additionally, the surging product launches and other initiatives by market players further offer numerous growth opportunities within the market. For instance, The Ohio Turnpike Commission declared USD 223 Million investment in the coming projects for the modernization of toll system. Such initiatives in many countries increase the demand for automotive vehicle scanners and is anticipated to drive the revenue growth of the global market.

 Moreover, significant strategies for recent developments and expansion of the products by these market players further strengthen their position in the global market. Companies are emphasizing on new product collaborations, developments, and contracts and agreements which is offerings new opportunities to expand the growth of the automotive vehicle scanner market.

Restraints/ Challenges

• High cost of the product

The high cost of advanced vehicle scanners and it requires systematic updates relating to operating systems, software, and other technological advancements, which can also increase the overall cost of the device. The high maintenance and installation cost of the automotive vehicle scanner is among the key factors which is restraining the revenue growth of the automotive vehicle scanner market

This automotive vehicle scanner market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive vehicle scanner market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Automotive Vehicle Scanner Market

The COVID-19 pandemic is not expected to have an effect on the extraction of resources such as copper, steel and aluminium. The restrictions on trade due to the market's lockdown and shutdown, which the government has implemented, affect all the industries. On the other hand, the automotive vehicle scanner market is projected to rise significantly by 2022, due to augmented awareness of the need for timely vehicle maintenance and severe emission standards imposed by several nations. The global automobile sector has been severely impacted by the outbreak of COVID-19 pandemic which is also affect the demand of the automotive vehicle scanner market globally.

Global Automotive Vehicle Scanner Market Scope

The automotive vehicle scanner market is segmented on the basis of scanner type, technology type, structure type, component and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Scanner Type

• Fixed/Static Scanner
• Portable/Mobile Scanner

Technology Type

• Sensing
• Illuminating
• Scanning
• Imaging
• Processing

 Structure Type

• Drive-Through
• UVSS

Component

• Camera
• Lighting Unit
• Barrier
• Vehicle Scanning Software

Application

• Government/Critical Infrastructure Protection
• Private/Commercial Facilities

Automotive Vehicle Scanner Market Regional Analysis/Insights

The automotive vehicle scanner market is analysed and market size insights and trends are provided by country, scanner type, technology type, structure type, component and application as referenced above.

The countries covered in the automotive vehicle scanner market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America dominates the automotive vehicle scanner market in terms of market revenue and share during the forecast period of 2022-2029. This is due to increasing use of vehicle scanner systems at airports, government buildings, naval ports among others, rising concerns regarding safety and security in public places and private facility centres, growing adoption of technologically advanced security systems and growing occurrence of security threats in this region.

Asia-Pacific is expected to be the fastest developing regions due to rising security and safety concerns and increasing infrastructure development in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Automotive Vehicle Scanner Market Share Analysis

The automotive vehicle scanner market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to automotive vehicle scanner market.

Some of the major players operating in the automotive vehicle scanner market are:

• MANSUETO VENTURES (U.S.)
• SecureOne International BV (Netherlands)
• Infinite Technologies, Inc. (India)
• Godrej (U.S.)
• SCANLAB (Germany)
• Omnitec (UAE)
• TESCON Sicherheitssysteme AG (Germany)
• Leidos (U.S.)
• UVeye inc. (Israel)
• International Road Dynamics Inc. (Canada)
• EL-GO TEAM (U.S.)
• Advanced Detection Technology LLC (U.S.)
• Rapiscan Systems (U.K.)
• CASS PARKING (UAE)
• VMI Security (Brazil)
• Chemring Group PLC (U.K.)
• Amba Defence Global Ltd (U.K.)
• Dahua Technology USA Inc. (U.S.)
• Safeway Inspection System Limited (China)

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