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

Automotive systems and accessories

AU20113317

Pages: 250

Feb 2023

Reports Overview

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 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

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.