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Vehicle Scanner Market Report

RA03317

Vehicle Scanner Market by Scanner (Portable and Fixed), Structure Type (Drive-Through and UVSS), Application (Government and Private), Component (Camera, Lighting Unit, Barrier, Software, and Others), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

RA03317

Pages: 250

Feb 2023

Global Vehicle Scanner Market Analysis

The Global Vehicle Scanner Market Size was $3,284 million in 2021 and is predicted to grow with a CAGR of 6.0%, by generating a revenue of $5,812.3 million by 2031.

Global Vehicle Scanner Market Analysis

Global Vehicle Scanner Market Synopsis

Vehicle scanners are in high demand to prevent illegal operations such as smuggling, boundary trespass, and others. The growing demand for improved security mechanisms that can provide continuous inspection without giving travelers any inconvenience is also a key factor driving global market growth. Automobiles with enhanced safety systems functionalities have been increasingly popular in recent years. Vehicle manufacturers are also investing more in creating new technologies to improve vehicle security and meet client demands. Governments, military bases, and high-security zones are increasingly focusing on the installation of full-body scanners to improve security and safety.            

Superior car scanners are expensive, and they require frequent software, system software, and other technical innovation upgrades, which might raise the total price of these instruments. The vehicle scanner's high setup and maintenance costs are among the significant factors limiting revenue growth in the global market throughout the forecast period. Furthermore, demand for Under Vehicle Scanning Systems (UVSS) in developed countries is saturated, which may limit worldwide revenue development to some extent.

Vehicle scanners are also incredibly helpful in toll booths, which are linked to the Internet of Things (IoT) and employ vehicle scanning to gather and retain exact and accurate information with the least number of human mistakes. Utilizing loT with vehicle scanning saves operational cost and scanner time. The growing number of toll roads around the world is a major element driving the worldwide vehicle scanning market's revenue growth.

According to regional analysis, the North America vehicle scanner market accounted for largest market share in 2021 because more airports, naval ports, government buildings, etc. in this region are utilizing vehicle scanning systems. The U.S. accounted for the largest market share in this region on account of the growing adoption of cutting-edge security systems, increasing concerns regarding security and safety in public areas and private facility centers, and rising occurrence of security dangers in the U.S.

Vehicle Scanner Overview

A vehicle scanner is a computer system installed inside a vehicle that monitors and controls the operation of the vehicle. The network of sensors used by the vehicle is referred to as a "smart vehicle" since it is capable of detecting and transmitting data from the vehicle. A technician can then easily insert the vehicle scanner into the vehicle to capture vehicle data and identify the problem. Car scanner systems have been quite beneficial in assisting consumers in better understanding vehicle diagnostics.

COVID-19 Impact on Global Vehicle Scanner Market

Automobile vehicle scanner refers to wireless monitoring of cars. The increased implementation and use of connected systems across automobile applications, as well as growing sales of commercial and luxury vehicles, are driving market expansion. However, the COVID-19 outbreak has had a significant impact on manufacturing activities in a variety of industries, including the automotive industry. Government-imposed lockdowns in most countries have resulted in the stopping of company operations, which has delayed vehicle manufacture. The closure of all corporate operations to avoid the spread of the coronavirus is impeding market growth. China is the world's biggest producer of automotive components. The spread of the pandemic from China has restricted raw material exports to other countries, affecting industry operations globally and stifling market growth. Furthermore, constraints on the movement of passenger cars around the world are reducing demand for automotive remote diagnostic systems.

Growing Applications of Vehicle Scanner in Industrial Sector to Drive the Market Growth

Vehicle scanners are in high demand to prevent illegal operations such as smuggling, boundary trespass, and others. The growing demand for improved security mechanisms that can provide continuous inspection without giving travelers any inconvenience is also a key factor driving global market growth. Automobiles with enhanced safety systems functionalities have been increasingly popular in recent years. Vehicle manufacturers are also investing more in creating new technologies to improve vehicle security and meet client demands. Governments, military bases, and high-security zones are increasingly focusing on the installation of full-body scanners to improve security and safety.

To know more about global vehicle scanner market drivers, get in touch with our analysts here.

High Cost of Vehicle Scanners to Restrain the Market Growth

High operational costs and a shortage of experienced workers are major obstacles limiting the market's expansion. These advanced systems need frequent technological upgrades regarding the software, operating system (OS), and high-resolution screens. In addition, less awareness about vehicle scanners in the developing regions is also expected to hamper the market growth.

Use of Vehicle Scanner for Security Concerns to Drive Excellent Opportunities

Driving factors such as increased safety and security concerns, as well as infrastructure investment, have a considerable impact on the vehicle scanner market. Increasing car scanner systems to prevent boundary trespassing, smuggling, and people trafficking, as well as increase in the availability of advanced security solutions, are among the primary reasons driving the vehicle scanner market. As a result, growing demand for full-body vehicle scanners from military and government facilities is likely to drive market expansion.

To know more about global vehicle scanner market opportunities, get in touch with our analysts here.

Global Vehicle Scanner Market, by Scanner Type

Based on scanner type, the market has been divided into portable and fixed. Among these, the portable sub-segment is estimated to show the fastest growth during the forecast period.

Global Vehicle Scanner Market Size, by Scanner Type, 2021

Global Vehicle Scanner Market, by Scanner Type

Source: Research Dive Analysis

The portable sub-type is anticipated to show the fastest CAGR during the forecast period. Portable vehicle inspection system inspects the interior of automobiles. It can rapidly and correctly determine threats/ contraband/ weapons hidden in vehicles, considerably improving vehicle safety inspection accuracy and speed, and reducing human resource expenditure. Vehicle scanning to detect terrorists was once limited to war-torn regions. Vehicle scanning will undoubtedly become commonplace in a society where a person driving a small car may cause tremendous harm and widespread panic.

 The fixed sub-type accounted for the largest market share in 2021. The fixed sensor is compatible with all gasoline-powered vehicles equipped with an OBD-II port, however, it does not operate on vehicles produced prior to 1996, nor does it work on vehicles powered by diesel engines or that are entirely electric. It will, however, operate on hybrid vehicles. When the check engine light illuminates, it means that the system has detected a problem, such as a misfiring cylinder, a faulty mass airflow or oxygen sensor, or a gasoline vapors leak.

Global Vehicle Scanner Market, by Structure Type

Based on structure type, the market has been divided into drive-through and UVSS. Among these, the UVSS sub-segment accounted for the highest market share in 2021 whereas the drive-through sub-segment is estimated to show the fastest growth during the forecast period.

Global Vehicle Scanner Market Share, by Structure Type, 2021

Global Vehicle Scanner Market, by Structure Type

Source: Research Dive Analysis

The UVSS sub-type accounted for the largest market share in 2021. UVSS is intended to scan and record crisp, clear movies and photos of the vehicle's complete lower portion. UVSS can handle it all with a single scanning machine. UVSS is a low-cost and convenient method for inspecting vehicles such as cars, buses, lorries, and vans. It is the finest choice for extremely confidential and expensive products storage facilities, as well as wherever vehicle surveillance is absolutely necessary.

Global Vehicle Scanner Market, by Application

Based on application, the market has been divided into government and private. Among these, the government sub-segment accounted for the highest market share in 2021 whereas the private sub-segment is estimated to show the fastest growth during the forecast period.

Global Vehicle Scanner Market Forecast, by Application, 2021

Global Vehicle Scanner Market, by Application

Source: Research Dive Analysis

The Government sub-type held the largest market share in 2021. Vehicles travelling from one state government to another will pass through scanner tunnels at various checkpoints.  The tunnel will be identical to the scanners used to check carry-on baggage at airports. Drones are being used to track illegal brewing and liquor smuggling, while excise officers are arresting persons participating in the unlawful trade using CCTV footage. The illegal smuggling of domestic liquor, foreign liquor, and other materials such as spirit from neighboring states will be prevented through the employment of scanning tunnels.

Global Vehicle Scanner Market, by Component

Based on component, the market has been divided into camera, lighting unit, barrier, software, and others. Among these, the camera sub-segment accounted for highest revenue share in 2021.

Global Vehicle Scanner Market Analysis, by Component, 2021

Global Vehicle Scanner Market, by Component

Source: Research Dive Analysis

The camera sub-segment accounted for the largest market share in 2021. The cameras intended for special applications are used in the scan. After scanning a vehicle, the measurement is available for further examination on digital vehicle scan’s (DVS) own user interface or can optionally be sent to downstream systems via intelligent interface options. At the same time, the vehicle's condition is recorded, and any damage is reported.

Global Vehicle Scanner Market, Regional Insights

The vehicle scanner market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Global Vehicle Scanner Market Size & Forecast, by Region, 2021-2031 (USD Million)

Global Vehicle Scanner Market, Regional Insights

Source: Research Dive Analysis

The Market for Vehicle Scanners in North America is Expected to be the Most Dominant

North America is made up of developed countries like the U.S., Mexico, and Canada. North America is a significant distribution center for several OEMs known for creating high-quality, high-performance vehicles. The U.S. is expected to be the market leader in automobile scanner tools and the quickest market during the projection period. The U.S. has indeed been able to provide advanced testing scan tools with complex software due to its technical dominance. North America's vehicle scanner market is also benefiting from strict safety and fuel efficiency criteria, as well as the deployment of electronics-based driving safety and comfort features. The difficulties associated with running this vehicle scanner equipment, as well as its price, which may be out of reach for many clients throughout the world, are limiting the market's expansion.   

Competitive Scenario in the Global Vehicle Scanner Market

Product development and mergers acquisition are common strategies followed by major market players. For instance, on December 01, 2022, Vehant Technologies introduced the DepScan UVSS security solution to improve the reliability and automation of under vehicle scanning.

Competitive Scenario in the Global Vehicle Scanner Market

Source: Research Dive Analysis

Some of the leading vehicle scanner market players are Gatekeeper Security, Inc., SecuScan, SecureOne International BV, Leidos, International Road Dynamics Inc., SCANLAB GmbH, Omnitec Group, Rapiscan Systems, Advanced Detection Technology, LLC, and Chemring Technology Solutions.

Aspect

Particulars

  Historical Market Estimations

  2020

  Base Year for Market Estimation

  2021

  Forecast Timeline for Market Projection

  2022-2031

  Geographical Scope

  North America, Europe, Asia-Pacific, and LAMEA

  Segmentation by Scanner Type

  • Portable
  • Fixed

  Segmentation by Structure

  • Drive-Through
  • UVSS

  Segmentation by Application

  • Government
  • Private

  Segmentation by Component

  • Camera
  • Lighting Unit
  • Barrier
  • Software
  • Others

  Key Companies Profiled

  • Gatekeeper Security, Inc.
  • Secuscan
  • SecureOne International BV
  • Leidos
  • International Road Dynamics Inc.
  • SCANLAB GmbH
  • Omnitec Group
  • Rapiscan Systems
  • Advanced Detection Technology, LLC
  • Chemring Technology Solutions

Frequently Asked Questions
 

A. The size of the global vehicle scanner market was over $3,284 million in 2021 and is projected to reach $5,812.3 million by 2031.

A. Gatekeeper Security Inc., Secuscan, and Leidos are some of the key players in the global vehicle scanner market.

A. The North America region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. North America vehicle scanner market is anticipated to grow at 5.3% CAGR during the forecast period.

A. Agreement and investment are the two key strategies opted by the operating companies in this market.

A. Rapiscan Systems, Chemring Technology Solutions, and Omnitec Group are the companies investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation

1.5.1.Top-down approach
1.5.2.Bottom-up approach

2.Report Scope

2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on the global vehicle scanner market 

3.Executive Summary

4.Market Overview

4.1.Introduction
4.2.Growth impact forces

4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities

4.3.Market value chain analysis

4.3.1.List of raw material suppliers
4.3.2.List of manufacturers 
4.3.3.List of distributors

4.4.Innovation & sustainability matrices

4.4.1.Structure type matrix
4.4.2.Regulatory matrix

4.5.Porter’s five forces analysis

4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity

4.6.PESTLE analysis

4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental

4.7.Impact of COVID-19 on the vehicle scanner market

4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario

5.Vehicle Scanner Market Analysis, by Scanner Type

5.1.Overview
5.2.Portable

5.2.1.Definition, key trends, growth factors, and opportunities
5.2.2.Market size analysis, by region, 2021-2031
5.2.3.Market share analysis, by country, 2021-2031

5.3.Fixed

5.3.1.Definition, key trends, growth factors, and opportunities
5.3.2.Market size analysis, by region, 2021-2031
5.3.3.Market share analysis, by country, 2021-2031

5.4.Research Dive Exclusive Insights

5.4.1.Market attractiveness
5.4.2.Competition heatmap

6.Vehicle Scanner Market Analysis, by Structure Type

6.1.Overview 
6.2.Drive-Through

6.2.1.Definition, key trends, growth factors, and opportunities
6.2.2.Market size analysis, by region, 2021-2031
6.2.3.Market share analysis, by country, 2021-2031

6.3.UVSS

6.3.1.Definition, key trends, growth factors, and opportunities
6.3.2.Market size analysis, by region, 2021-2031
6.3.3.Market share analysis, by country, 2021-2031

6.4.Research Dive Exclusive Insights

6.4.1.Market attractiveness
6.4.2.Competition heatmap

7.Vehicle Scanner Market Analysis, by Application

7.1.Overview 
7.2.Government

7.2.1.Definition, key trends, growth factors, and opportunities
7.2.2.Market size analysis, by region, 2021-2031
7.2.3.Market share analysis, by country, 2021-2031

7.3.Private

7.3.1.Definition, key trends, growth factors, and opportunities
7.3.2.Market size analysis, by region, 2021-2031
7.3.3.Market share analysis, by country, 2021-2031

7.4.Research Dive Exclusive Insights

7.4.1.Market attractiveness
7.4.2.Competition heatmap

8.Vehicle Scanner Market Analysis, by Component 

8.1.Overview 

8.2.Camera

8.2.1.Definition, key trends, growth factors, and opportunities
8.2.2.Market size analysis, by region, 2021-2031
8.2.3.Market share analysis, by country, 2021-2031

8.3.Lighting Unit

8.3.1.Definition, key trends, growth factors, and opportunities
8.3.2.Market size analysis, by region, 2021-2031
8.3.3.Market share analysis, by country, 2021-2031

8.4.Barrier

8.4.1.Definition, key trends, growth factors, and opportunities
8.4.2.Market size analysis, by region, 2021-2031
8.4.3.Market share analysis, by country, 2021-2031

8.5.Software

8.5.1.Definition, key trends, growth factors, and opportunities
8.5.2.Market size analysis, by region, 2021-2031
8.5.3.Market share analysis, by country, 2021-2031

8.6.Others

8.6.1.Definition, key trends, growth factors, and opportunities
8.6.2.Market size analysis, by region, 2021-2031
8.6.3.Market share analysis, by country, 2021-2031

8.7.Research Dive Exclusive Insights

8.7.1.Market attractiveness
8.7.2.Competition heatmap

9.Vehicle Scanner Market, by Region

9.1.North America

9.1.1.U.S.

9.1.1.1.Market size analysis, by Scanner Type, 2021-2031
9.1.1.2.Market size analysis, by Structure Type, 2021-2031
9.1.1.3.Market size analysis, by Application, 2021-2031
9.1.1.4.Market size analysis, by Component, 2021-2031

9.1.2.Canada

9.1.2.1.Market size analysis, by Scanner Type, 2021-2031
9.1.2.2.Market size analysis, by Structure Type, 2021-2031
9.1.2.3.Market size analysis, by Application, 2021-2031
9.1.2.4.Market size analysis, by Component, 2021-2031

9.1.3.Mexico

9.1.3.1.Market size analysis, by Scanner Type, 2021-2031
9.1.3.2.Market size analysis, by Structure Type, 2021-2031
9.1.3.3.Market size analysis, by Application, 2021-2031
9.1.3.4.Market size analysis, by Component, 2021-2031

9.1.4.Research Dive Exclusive Insights

9.1.4.1.Market attractiveness
9.1.4.2.Competition heatmap

9.2.Europe

9.2.1.Germany 

9.2.1.1.Market size analysis, by Scanner Type, 2021-2031
9.2.1.2.Market size analysis, by Structure Type, 2021-2031
9.2.1.3.Market size analysis, by Application, 2021-2031
9.2.1.4.Market size analysis, by Component, 2021-2031

9.2.2.UK

9.2.2.1.Market size analysis, by Scanner Type, 2021-2031
9.2.2.2.Market size analysis, by Structure Type, 2021-2031
9.2.2.3.Market size analysis, by Application, 2021-2031
9.2.2.4.Market size analysis, by Component, 2021-2031

9.2.3.France

9.2.3.1.Market size analysis, by Scanner Type, 2021-2031
9.2.3.2.Market size analysis, by Structure Type, 2021-2031
9.2.3.3.Market size analysis, by Application, 2021-2031
9.2.3.4.Market size analysis, by Component, 2021-2031

9.2.4.Spain

9.2.4.1.Market size analysis, by Scanner Type, 2021-2031
9.2.4.2.Market size analysis, by Structure Type, 2021-2031
9.2.4.3.Market size analysis, by Application, 2021-2031
9.2.4.4.Market size analysis, by Component, 2021-2031

9.2.5.Italy

9.2.5.1.Market size analysis, by Scanner Type, 2021-2031
9.2.5.2.Market size analysis, by Structure Type, 2021-2031
9.2.5.3.Market size analysis, by Application, 2021-2031
9.2.5.4.Market size analysis, by Component, 2021-2031

9.2.6.Rest of Europe

9.2.6.1.Market size analysis, by Scanner Type, 2021-2031
9.2.6.2.Market size analysis, by Structure Type, 2021-2031
9.2.6.3.Market size analysis, by Application, 2021-2031
9.2.6.4.Market size analysis, by Component, 2021-2031

9.2.7.Research Dive Exclusive Insights

9.2.7.1.Market attractiveness
9.2.7.2.Competition heatmap

9.3.Asia-Pacific

9.3.1.China

9.3.1.1.Market size analysis, by Scanner Type, 2021-2031
9.3.1.2.Market size analysis, by Structure Type, 2021-2031
9.3.1.3.Market size analysis, by Application, 2021-2031
9.3.1.4.Market size analysis, by Component, 2021-2031

9.3.2.Japan 

9.3.2.1.Market size analysis, by Scanner Type, 2021-2031
9.3.2.2.Market size analysis, by Structure Type, 2021-2031
9.3.2.3.Market size analysis, by Application, 2021-2031
9.3.2.4.Market size analysis, by Component, 2021-2031

9.3.3.India

9.3.3.1.Market size analysis, by Scanner Type, 2021-2031
9.3.3.2.Market size analysis, by Structure Type, 2021-2031
9.3.3.3.Market size analysis, by Application, 2021-2031
9.3.3.4.Market size analysis, by Component, 2021-2031

9.3.4.Australia

9.3.4.1.Market size analysis, by Scanner Type, 2021-2031
9.3.4.2.Market size analysis, by Structure Type, 2021-2031
9.3.4.3.Market size analysis, by Application, 2021-2031
9.3.4.4.Market size analysis, by Component, 2021-2031

9.3.5.South Korea

9.3.5.1.Market size analysis, by Scanner Type, 2021-2031
9.3.5.2.Market size analysis, by Structure Type, 2021-2031
9.3.5.3.Market size analysis, by Application, 2021-2031
9.3.5.4.Market size analysis, by Component, 2021-2031

9.3.6.Rest of Asia-Pacific

9.3.6.1.Market size analysis, by Scanner Type, 2021-2031
9.3.6.2.Market size analysis, by Structure Type, 2021-2031
9.3.6.3.Market size analysis, by Application, 2021-2031
9.3.6.4.Market size analysis, by Component, 2021-2031

9.3.7.Research Dive Exclusive Insights

9.3.7.1.Market attractiveness
9.3.7.2.Competition heatmap

9.4.LAMEA

9.4.1.Brazil

9.4.1.1.Market size analysis, by Scanner Type, 2021-2031
9.4.1.2.Market size analysis, by Structure Type, 2021-2031
9.4.1.3.Market size analysis, by Application, 2021-2031
9.4.1.4.Market size analysis, by Component, 2021-2031

9.4.2.Saudi Arabia

9.4.2.1.Market size analysis, by Scanner Type, 2021-2031
9.4.2.2.Market size analysis, by Structure Type, 2021-2031
9.4.2.3.Market size analysis, by Application, 2021-2031
9.4.2.4.Market size analysis, by Component, 2021-2031

9.4.3.UAE

9.4.3.1.Market size analysis, by Scanner Type, 2021-2031
9.4.3.2.Market size analysis, by Structure Type, 2021-2031
9.4.3.3.Market size analysis, by Application, 2021-2031
9.4.3.4.Market size analysis, by Component, 2021-2031

9.4.4.South Africa

9.4.4.1.Market size analysis, by Scanner Type, 2021-2031
9.4.4.2.Market size analysis, by Structure Type, 2021-2031
9.4.4.3.Market size analysis, by Application, 2021-2031
9.4.4.4.Market size analysis, by Component, 2021-2031

9.4.5.Rest of LAMEA

9.4.5.1.Market size analysis, by Scanner Type, 2021-2031
9.4.5.2.Market size analysis, by Structure Type, 2021-2031
9.4.5.3.Market size analysis, by Application, 2021-2031
9.4.5.4.Market size analysis, by Component, 2021-2031

9.4.6.Research Dive Exclusive Insights

9.4.6.1.Market attractiveness
9.4.6.2.Competition heatmap

10.Competitive Landscape

10.1.Top winning strategies, 2021

10.1.1.By strategy
10.1.2.By year
10.2.Strategic overview
10.3.Market share analysis

11.Company Profiles

11.1.Gatekeeper Security Inc.

11.1.1.Overview
11.1.2.Business segments
11.1.3.Product portfolio
11.1.4.Financial performance
11.1.5.Recent developments
11.1.6.SWOT analysis
11.1.7.Research Dive Analyst View

11.2. SecuScan

11.2.1.Overview
11.2.2.Business segments
11.2.3.Product portfolio
11.2.4.Financial performance
11.2.5.Recent developments
11.2.6.SWOT analysis
11.2.7.Research Dive Analyst View

11.3.SecureOne International BV

11.3.1.Overview
11.3.2.Business segments
11.3.3.Product portfolio
11.3.4.Financial performance
11.3.5.Recent developments
11.3.6.SWOT analysis
11.3.7.Research Dive Analyst View

11.4.Leidos

11.4.1.Overview
11.4.2.Business segments
11.4.3.Product portfolio
11.4.4.Financial performance
11.4.5.Recent developments
11.4.6.SWOT analysis
11.4.7.Research Dive Analyst View

11.5.International Road Dynamics Inc.

11.5.1.Overview
11.5.2.Business segments
11.5.3.Product portfolio
11.5.4.Financial performance
11.5.5.Recent developments
11.5.6.SWOT analysis
11.5.7.Research Dive Analyst View

11.6.SCANLAB GmbH

11.6.1.Overview
11.6.2.Business segments
11.6.3.Product portfolio
11.6.4.Financial performance
11.6.5.Recent developments
11.6.6.SWOT analysis
11.6.7.Research Dive Analyst View

11.7.Omnitec Group

11.7.1.Overview
11.7.2.Business segments
11.7.3.Product portfolio
11.7.4.Financial performance
11.7.5.Recent developments
11.7.6.SWOT analysis
11.7.7.Research Dive Analyst View

11.8.Rapiscan Systems

11.8.1.Overview
11.8.2.Business segments
11.8.3.Product portfolio
11.8.4.Financial performance
11.8.5.Recent developments
11.8.6.SWOT analysis
11.8.7.Research Dive Analyst View

11.9.Advanced Detection Technology, LLC

11.9.1.Overview
11.9.2.Business segments
11.9.3.Product portfolio
11.9.4.Financial performance
11.9.5.Recent developments
11.9.6.SWOT analysis
11.9.7.Research Dive Analyst View

11.10.Chemring Technology Solutions

11.10.1.Overview
11.10.2.Business segments
11.10.3.Product portfolio
11.10.4.Financial performance
11.10.5.Recent developments
11.10.6.SWOT analysis
11.10.7.Research Dive Analyst View

Vehicle scanners are used by military and law enforcement authorities to check and scan vehicles for any illegal substances and materials. These vehicle scanning systems are generally employed at border check posts to reduce cross-border smuggling of drugs, arms and weapons, explosives, etc. Vehicle scanning systems typically employ X-ray or similar imaging technologies to scan the entire vehicle and provide an accurate picture of the vehicle’s interior to law enforcement officers.

Forecast Analysis of the Vehicle Scanner Market

In recent years, there has been an increase in applications of vehicle scanners in the industrial sector which is predicted to be the primary growth driver of the global vehicle scanner market in the forecast period. Additionally, an increase in the adoption of vehicle scanners to address security concerns is anticipated to push the market forward. Along with this, growing demand for full-body vehicle scanners from military and government facilities is projected to offer numerous growth and investment opportunities to the market in the analysis timeframe. However, the high cost of vehicle scanners is estimated to create hurdles in the full-fledged growth of the vehicle scanner market in the coming period.

The vehicle scanner market in the North America region is expected to be highly dominant by 2031. A rise in the development of advanced testing scan tools with complex software is expected to be the leading factor behind the growth of the market.

According to the report published by Research Dive, the global vehicle scanner market is expected to gather a revenue of $5,812.3 million by 2031 and grow at 6.0% CAGR in the 2022–2031 timeframe. Some prominent market players include Gatekeeper Security, Inc., International Road Dynamics Inc., Rapiscan Systems, SecuScan, SCANLAB GmbH, Advanced Detection Technology, LLC, SecureOne International BV, Omnitec Group, Chemring Technology Solutions, Leidos, and many others.

Covid-19 Impact on the Market

The outbreak of the Covid-19 pandemic has had a massive negative effect on almost all industries and businesses across the world. The vehicle scanner market, too, faced a negative impact of the pandemic. The lockdowns and travel restrictions put in place during the pandemic led to a decrease in overall use of both passenger and commercial vehicles and thus reduced the demand for vehicle scanners. This decline in demand for vehicle scanners ultimately brought down the growth rate of the market in the pandemic period.

Significant Market Developments

The significant companies operating in the industry are adopting numerous growth strategies & business tactics such as partnerships, collaborations, mergers & acquisitions, and launches to maintain a robust position in the overall market, thus helping the vehicle scanner market to flourish. For instance:

  • In June 2022, General Motors, a multinational automobile manufacturing giant, announced a collaboration with UVeye, a vehicle diagnostic solutions developer. This collaboration is aimed at developing advanced vehicle diagnostic systems that will scan and check for defects in a vehicle. This collaboration is expected to help both the companies to boost their market share significantly.

  • In December 2022, Vehant Technologies, a leading AI-based security surveillance solutions provider, announced the launch of DepScan UVSS. DepScan UVSS is an advanced vehicle scanner that uses stereoscopic vision technology to fully check the vehicle’s interiors accurately. This product launch is anticipated to help Vehant Technologies to meet the demands of the vehicle scanner market comprehensively in the coming period.
     
  • In March 2023, Tek84 Inc., a leading security surveillance products developer, announced the acquisition of Integrated Defense and Security Solutions (IDSS) Corp., a global leader in airport scanner systems. This acquisition is predicted to augment the market share of Tek84 Inc. substantially in the next few years.

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