The Vehicle Scanner Global Market Report 2023, provides comprehensive information on the vehicle scanner market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Vehicle Scanner Global Market Report 2023, the global vehicle scanner market is expected to grow from $2.26 billion in 2022 to $2.41 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vehicle scanner market is expected to reach $3.04 billion in 2027 at a CAGR of 5.9%.
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Technological improvements are a key trend gaining popularity in the vehicle scanner market. Major companies operating in the vehicle scanner market are developing new technologies to sustain their position in the market. For instance, in July 2020, Advanced Detection Technology, LLC, a UK-based automotive company, launched the LowCam VI100 system, the first-ever battery-powered under-vehicle inspection system (UVIS) for those in charge of safety and security at special events. With the help of the LowCam VI100 system’s no-strings-attached feature that needs no cables, no cords, and military-grade equipment, security workers could bring improved security with quick and easy setup without highly trained or specialized staff.
The vehicle scanner market is segmented:
3) By Component: Camera, Lighting Unit, Barrier, Software, Other Components
4) By Technology Type: Sensing, Illuminating, Scanning, Imaging, Processing
5) By Application: Government Or Critical Infrastructure Protection, Private Or Commercial Facilities
North America was the largest region in the vehicle scanner market in 2022.
The table of contents in TBRC’s vehicle scanner market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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