The Business Research Company’s Vehicle Scanner Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Vehicle Scanner Global Market Report 2023 evaluates vehicle scanner market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global vehicle scanner market is on the precipice of substantial growth, with an anticipated progression from its 2022 valuation of $2.26 billion to a projected $2.41 billion in 2023, underpinned by a commendable compound annual growth rate (CAGR) of 6.6%. Nonetheless, it is of paramount importance to recognize the significant impact of the Russia-Ukraine conflict on global economic recuperation efforts following the tumultuous COVID-19 pandemic. The ongoing war has triggered a cascade of far-reaching consequences, including economic sanctions levied against numerous nations, a palpable upswing in commodity prices, and a cascade of supply chain perturbations, which, in turn, have contributed to inflationary pressures spanning goods and services and exerting an extensive influence on myriad markets across the globe.
Within this intricate global context, the vehicle scanner market is projected to manifest sustained growth, aiming for a valuation of $3.04 billion by 2027, fortified by a robust CAGR of 5.9%. This demonstrates the market’s resilience and adaptability in the face of challenging geopolitical and economic dynamics, emphasizing its role in enhancing security and operational efficiency in various sectors.
Elevated security concerns loom as a powerful impetus poised to steer the trajectory of the vehicle scanner market into an upward trajectory. This burgeoning apprehension revolves around the implementation of measures that temporarily obscure or shield individuals or locations from potential harm, often enforced by law enforcement agencies and security personnel when peril is imminent. The pivotal role that vehicle scanners play in this security landscape cannot be overstated, as they serve as indispensable tools in the pursuit of identifying and mitigating threats such as contraband, illegal narcotics, weapons, and other perilous items. These sophisticated scanning systems are instrumental when scrutinizing containers and various vehicles, ensuring that any concealed dangers are brought to light.
In this prevailing climate of escalated security concerns, numerous critical facilities and ports, including seaports, persist in their vigilant use of vehicle scanners as a proactive measure to fortify defenses against the ever-present menace of illegal drug trafficking and other vulnerabilities in the security framework. To illustrate the gravity of the situation, consider the data revealed in June 2023 by the U.S. Customs and Border Protection database, a prominent government agency in the United States. It disclosed a dramatic surge in arrests of criminal noncitizens within the country, which surged from a mere 2,438 in 2020 to a staggering 12,028 in 2022. Notably, the apprehensions for illegal drug possession and trafficking exhibited an alarming escalation, surging from 386 cases in 2020 to a staggering 2,239 in 2022. The figures for illicit possession, transportation, and trafficking of weapons displayed a similarly disconcerting rise, ascending from a mere 49 cases in 2020 to 309 in 2022. Simultaneously, illegal entry and reentry cases surged from 1,261 in 2020 to a substantial 6,797 in 2022.
These compelling statistics unequivocally underscore the compelling need for heightened security measures, including advanced vehicle scanning technologies, to combat the multifaceted security threats facing nations. In this context, the vehicle scanner market is set to experience substantial expansion, driven by the growing imperative of safeguarding communities from these evolving security challenges.
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The vehicle scanner market segments in the report are:
1) By Scanner Type: Portable Scanner, Fixed Scanner
2) By Structure Type: Drive-Through, Under Vehicle Surveillance System (UVSS)
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
The table of contents in TBRC’s vehicle scanner market report includes:
- Executive Summary
- Vehicle Scanner Market Characteristics
- Vehicle Scanner Market Trends And Strategies
- Vehicle Scanner Market – Macro Economic Scenario
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- Global Vehicle Scanner Market Competitive Benchmarking
- Global Vehicle Scanner Market Competitive Dashboard
- Key Mergers And Acquisitions In The Vehicle Scanner Market
- Vehicle Scanner Market Future Outlook and Potential Analysis
- Appendix
Top 5 Major Key Players Are:
- Softing Automotive Electronics GmbH
- Robert Bosch GmbH
- Tescon AG
- Continental AG
- BorgWarner Inc
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