The North America Vehicle Scanner Market would witness market growth of 5.5% CAGR during the forecast period (2022-2028).
The vehicle scanner is a portable, simple-to-use instrument that can be used to diagnose broken machinery in automobile vehicles, and the market is experiencing tremendous growth. A vehicle scanner also incorporates diagnostic software with a database of technical data and a workshop organization module. The automatic detection of defective parts and error codes is primarily responsible for the huge increase in the demand for vehicle scanners.
Moreover, the adaption, calibration, and actuation of automotive components are essential elements of a vehicle scanner. Vehicle scanners aim to find illegal items, urgent threats or concerns, and foreign objects. Vehicle scanning and IoT-enabled toll booths are deployed to collect and save exact data with minimal human error. In addition, IoT reduces scanning times and operating expenses because labor is no longer needed. The expansion of the vehicle scanner market is significantly fueled by the construction of toll roads.
Additionally, the rising car production, soaring electric vehicle sales, technical advancements in the automotive sector, rising extremist & terrorist threats, increased government assistance, and initiatives to create intelligent transportation networks also increase the demand for vehicle scanners. Moreover, worldwide security concerns, developing economies, and the increasing popularity of electric vehicles provide lucrative growth opportunities.
A new rule in the United States mandates that X-ray or comparable equipment be used at ports of entry to scan and inspect every truck, freight train, and car that enters the country from Mexico or Canada. In order to find illegal substances and weapons, border officials have been deploying advanced vehicle scanning technology more frequently lately. For instance, in 2019, at the Nogales border crossing in Arizona, Customs and Border Protection officers utilized an X-ray machine to find 254 pounds of lethal fentanyl concealed in a tractor-trailer of cucumbers. In addition, a number of road safety regulations in these regional countries are identical, as both Canada and the US have similar regulatory frameworks for the auto industry. These elements are propelling the growth of the vehicle scanner market in the North America region.
The US market dominated the North America Vehicle Scanner Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,177.7 million by 2028. The Canada market is poised to grow at a CAGR of 7.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 7.3% during (2022 - 2028).
Based on Scanner Type, the market is segmented into Fixed and Portable. Based on Structure Type, the market is segmented into Under Vehicle Scanning Systems (UVSS) and Drive-through. Based on Application, the market is segmented into Government and Private. Based on Component, the market is segmented into Camera, Software, Barrier, Lighting Unit, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Vehicle Scanner Market is Predict to reach $4.1 Billion by 2028, at a CAGR of 6.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Godrej & Boyce Mfg. Co. Ltd. (Godrej Security Solutions), International Road Dynamics, Inc. (WiLAN) (Quarterhill Inc.), Leidos Holdings, Inc., Gatekeeper Security, Inc. (OSI Systems, Inc.), Omnitec Group, Tescon Sicherheitssysteme AG, UVeye Ltd., Advanced Detection Technology, LLC (HWH Investments Ltd), VMI Security (Prime Holding Group), and SCANLAB GmbH (TecInvest Holding AG).
By Scanner Type
By Structure Type
By Application
By Component
By Country
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