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Global Vehicle Scanner Market 2019-2023

Global Vehicle Scanner Market 2019-2023

About this market

The rapidly increasing government initiatives for developing intelligent transportation systems will trigger the vehicle scanner market growth in the forthcoming years. Some governments are encouraging PPPs for urban traffic control and vehicle monitoring. Furthermore, the EST strategy implemented by the government of Singapore will help in the reduction of carbon emission while improving vehicle monitoring and traffic management, thus, contributing significantly to the vehicle scanner market growth in the long run. Technavio’s analysts have predicted that the vehicle scanner market will register a CAGR of nearly 6% by 2023.

Market Overview

Expansion of toll roads

One of the growth drivers of the global vehicle scanner market is the expansion of toll roads. With the expansion of toll roads, the demand for vehicle scanners will increase as these scanners are used to scan toll passes and the number plates of vehicles to charge them automatically through their daily pass.

The high cost of the system

One of the challenges in the growth of the global vehicle scanner market is the high cost of the system. Advanced vehicle scanners should also undergo regular technological upgrades related to the operating system, software, and high-resolution screens. Such upgrades increase the operating cost of the end-users, which may affect product sales.

For the detailed list of factors that will drive and challenge the growth of the vehicle scanner market during 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented with the presence of several market players. Developing economies are rigorously adopting electronic toll collection systems to reduce labor cost and traffic congestion. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


Press Release

Technavio Announces the Publication of its Research Report – Global Vehicle Scanner Market 2019-2023

Technavio recognizes the following companies as the key players in the global vehicle scanner market: Gatekeeper Security, Inc., International Road Dynamics Inc., Leidos, secureOne International BV, and SecuScan.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing sales of EVs.”

According to the report, one of the major drivers for this market is the government initiatives to develop intelligent transportation systems.

Further, the report states that one of the major factors hindering the growth of this market is the high cost of the system.

Companies Mentioned

Gatekeeper Security, Inc.
International Road Dynamics Inc.
Leidos
secureOne International BV
SecuScan

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global semiconductor market
      • Table Segments of global semiconductor market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Portable scanner - Market size and forecast 2018-2023
      • Table Portable scanner - Market size and forecast 2018-2023 ($ millions)
      • Table Portable scanner - Year-over-year growth 2019-2023 (%)
    • Fixed scanner - Market size and forecast 2018-2023
      • Table Fixed scanner - Market size and forecast 2018-2023 ($ millions)
      • Table Fixed scanner - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ millions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ millions)
      • Table Key airport expansion projects in UK
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table Key developments for railway infrastructure in countries in Southeast Asia
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ millions)
      • Table Key airport expansion projects in the Middle East
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ millions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Year-over-year growth of global passenger vehicle market 2018-2022 (percentage)
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing sales of EVs
      • Table Global number of electric EVs in circulation 2015-2017 (million)
    • Increasing adoption of IoT by end-users
    • Rising demand for rugged devices
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Gatekeeper Security, Inc.
      • Table Gatekeeper Security, Inc. - Vendor overview
      • Table Gatekeeper Security, Inc. - Product segments
      • Table Gatekeeper Security, Inc. - Key offerings
    • International Road Dynamics Inc.
      • Table International Road Dynamics Inc. - Vendor overview
      • Table International Road Dynamics Inc. - Product segments
      • Table International Road Dynamics Inc. - Organizational developments
      • Table International Road Dynamics Inc. - Key offerings
    • Leidos
      • Table Leidos - Vendor overview
      • Table Leidos - Business segments
      • Table Leidos - Organizational developments
      • Table Leidos - Geographic focus
      • Table Leidos - Segment focus
      • Table Leidos - Key offerings
    • secureOne International BV
      • Table secureOne International BV - Vendor overview
      • Table secureOne International BV - Product segments
      • Table secureOne International BV - Key offerings
    • SecuScan
      • Table SecuScan - Vendor overview
      • Table SecuScan - Product segments
      • Table SecuScan - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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