The 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. The base year for the report is 2017, and the forecast period is from 2018 to 2025. The growth of the vehicle scanner market is influenced by factors such as security awareness, infrastructure development, and the stringent safety measures taken by various regions such as North America, Europe, and the Middle East. Additionally, increased demand for portable vehicle scanners is expected to boost the vehicle scanner market.
The major vehicle scanner system manufacturers include Gatekeeper Security (US), SecuScan (Germany), UVIScan (Netherlands), Chemring Technology Solutions (UK), Rapiscan (US), Vehant Technologies (India), and IRD (Canada). These players have adopted various growth strategies such as partnerships & collaborations, agreements, and new product launches to further expand their presence in the global vehicle scanner market. Partnerships and merger & acquisitions have been the most dominating strategies adopted by major players in 2018, which helped them innovate on their offerings and broaden their customer base.
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International Road Dyanmics (IRD) is one of the leaders in the vehicle scanner market. For instance, Roadway Electric LLC awarded a contract to IRD Company to supply and maintain a statewide port of entry truck screening system as part of a design-build project valued at USD 2.8 million for the Arizona Department of Transportation. IRD will supply and supervise the installation of the truck screening system at 5 locations throughout the state, including Ehrenberg, Topock, Sanders, San Simon, and Parker Weigh stations. IRD will maintain the systems for 5 years as part of this contract.
Another important player in the UVeye, which is continuously expanding its vehicle scanner system product portfolio. UVeye partnered with Toyota Tsusho Corporation to strengthen its presence in Japan for vehicle inspection with the help of AI. This system will be deployed in auction sites and used on Toyota‘s used cars.
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
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