Increasing Security and Safety Concerns drives Vehicle Scanner Market

According to the market research report Vehicle Scanner Market by Scanner (fixed, portable), Structure (drive-through, UVSS), Application (Critical Infrastructure Protection, Commercial), Technology (Sensing, Illuminating, Scanning, Imaging, Processing), Component - Global Forecast to 2025, published by MarketsandMarkets™,A significant focus on safety and security concerns by governments and private and commercial properties along with development in infrastructure are the key factors that have led to an increase in the installation of vehicle scanner systems. Further, the continuous rise in terrorist activities worldwide has also fueled the demand for high safety and security systems within countries. The global vehicle scanner market is projected to grow at a CAGR of 6.28% during the forecast period to reach USD 2.3 billion by 2025 from an estimated USD 1.5 billion in 2018.

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"High spending on infrastructural development will propel the growth of portable/mobile vehicle scanner system during the forecast period."

The portable/mobile vehicle scanner system segment is the fastest growing vehicle scanner market. The portable scanners have high growth potential as they can be installed at any desired inspection location and require low installation cost as compared with static scanners. Moreover, the high spending on infrastructure in the developing countries is likely to propel the vehicle scanner market for portable/mobile scanners.

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"North America is expected to record the largest market during the forecast period."

North America is the largest vehicle scanner market, followed by the Middle East. North America is home to leading vehicle scanner manufacturers such as Gatekeeper Security, Leidos, and IRD. The North American region has faced safety and security concerns such as terrorism, contraband, and other illegal activities, which have fueled the demand for high safety and security systems in the region. Government and private and commercial properties are focusing more on the safety concerns to combat rising threats and activities.

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In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the vehicle scanner market.

By Company Type: Tier I - 57%, Tier II - 39%, and Tier III - 4%

By Designation: C Level - 38%, D Level - 42%, and Others - 20%

By Region: North America - 33%, Europe - 28%, Middle East - 24%, Asia Pacific - 13%, Rest of the World - 2%

Key market players

The global vehicle scanner market is dominated by major players such as Gatekeeper Security (US), SecuScan (Germany), UVIScan (Netherlands), Leidos (US), and IRD (Canada). These companies have strong distribution networks at the global level. In addition, these companies offer an extensive product range. The key strategies adopted by these companies to sustain their market position are new product developments, collaborations, and contracts & agreements.