The Global Vehicle Scanner Market Size is predicted to be valued at $5,812.3 million by 2031, surging from $3,284.0 million in 2021, at a noteworthy CAGR of 6.0%.
Impact Analysis of COVID-19 on the Vehicle Scanner Market
The communal transmission of COVID-19 has posed a negative impact on the vehicle scanner market. COVID-19 proved to be a challenging situation for automotive manufacturers that have drastically impacted the revenue and ultimately the vehicle scanner market growth. The stringent COVID-19 protocols and social distancing norms led to the closure of automotive manufacturing units. Also, there was a steep decline observed on automotive vehicle sales owing to the increasing tendency of people toward cash saving and reducing unnecessary expenses. For instance, in China automotive sales declined by a whopping 71% in February 2022 and in the U.S. and Europe automotive sales declined by 47% and 80%, respectively. The decline in automotive sales were directly linked to decline in the sales of vehicle scanners globally. This is because, vehicle scanner is a robust handling tool that is used in detection of damaged automotive parts. The disruptions in automotive supply chain owing to restrictions on Chinese exports have negatively affected the vehicle scanner market size during the pandemic.
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Global Vehicle Scanner Market Analysis
Vehicle scanner industry is gaining significant popularity across the world as the vehicle scanner is an easy-to-use handling tool that can be transported from one place to another to diagnose damaged machinery in automotive vehicles. Vehicle scanner also comprises of diagnostics software that includes a technical information database as well as a workshop management module. The significant rise in vehicle scanner market share can be attributed to its automatic detection of faulty parts and error codes. Also, some crucial features of vehicle scanner include adaptation, actuation, and calibration of automotive components. These factors are anticipated to boost the vehicle scanner market size during the forecast period.
The cost linked with vehicle scanner manufacturing, maintenance, and upgrades is high which is estimated to restrain the market growth. Failure in upgrading vehicle scanners with latest automotive features and advancements are estimated to hamper the vehicle scanner market share in the upcoming years. This is because automotive vehicles are undergoing constant technological advancements and vehicle scanners must be upgraded to accommodate the latest technologies in automotive vehicles.
The features such as data backup, synchronization on external servers, diagnosis reporting, and maintenance is estimated to boost the vehicle scanner market size. For instance, Ampro Testing Machines, established in 2003, is a popular manufacturer, supplier, and exporter of automobile and car diagnostic equipment such as wheel alignment machines, and car vehicle scanners. Ampro Testing Machines offer excellent quality auto diagnostic tools that are manufactured to meet international standards. Also, the vehicle scanners offered by this company provide faster connection rate, enhanced communication capabilities, robust electronics, and are compact and light. Additionally, the company offers excellent support services with dedicated service support team, helpline number, online remote technical support via Team Viewer and Anydesk. The company also offers free pre-installation, technical installation, and regular software upgradation based on the latest technologies. These factors are anticipated to generate excellent opportunities for the vehicle scanner industry.
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Global Vehicle Scanner Market, Segmentation
The global vehicle scanner market is segmented based on scanner type, structure type, application, component, and region.
Scanner Type:
The scanner type segment is further segmented into portable and fixed. Among these, portable sub-segment is projected to show the fastest growth during the forecast period. The portable vehicle scanner facilitates vehicle scanning anywhere at any place. The portable vehicle scanner is a crucial tool that promotes vehicle security to avoid vehicle-borne threats. Vehicle scanner system developed by NuvoScan offers real-time COLOR area scanning technology that incorporates high-end illuminators, electro-mechanical assemblies, and sensors. NuvoScan vehicle scanners are also equipped with image processing software and vehicle surveillance system that can compare undercarriage image and inspect vehicles during day and night. These factors are anticipated to boost the portable scanner type sub-segment during the analysis timeframe.
Structure Type:
The structure type sub-segment is further classified into drive-through and UVSS. The UVSS sub-segment has registered a dominant revenue share in 2021. The under-vehicle scanning system (UVSS) does not need any physical devices for detecting destructive objects. UVSS can effectively scan, record crisp images videos of the lower vehicle parts. UVSS is a convenient and cost-effective solution that can be used for monitoring vehicles such as trucks, cars, and vans. The camera installed in UVSS helps to capture the image of wheels, ramp, and other details. The UVSS offers high-resolution, sharp images, and with UVSS the cameras can be placed anywhere on the length of the ramp.
Application:
The application sub-segment is further divided into government and private. The government sub-segment has registered highest market share in 2021. The growth of government vehicle scanners can be attributed to their role in enhancing the security systems that enhances the safety of people. For instance, the UVSS can be installed at railway stations and airports so that the vehicles arriving in parking lot are being checked properly. As the vehicle passes over the UVSS, it captures complete details of the vehicle including chassis number, vehicle number, and other such details.
Component:
The component sub-segment is classified into camera, lighting unit, barrier, software, and others. The camera sub-segment has registered highest market share in 2021. This growth is majorly owing to an important role played by the camera used in vehicle scanners that can help in detecting and alerting about objects or threats. The present vehicle scanners incorporate state-of-the-art software that facilitates user-friendly interaction with the vehicle scanners for scanning underside of the vehicles.
Region:
The vehicle scanner market for the North America region has accounted for highest market size in 2021. The North America vehicle scanner market growth is majorly attributed to the presence of large number of vehicle scanner manufacturers, distributors, and suppliers. For instance, OTOFIX, a U.S.-based company offers wide range of automotive diagnostics and scanning tools that facilitates efficient vehicle repair maintenance with the help of latest technologies. Additionally, Innova Electronic Corporation, is the leading supplier of diagnostics and test equipment, with distribution facilities located across the U.S. and Canada. All the company products are developed and designed at its headquarters based in California. These factors are anticipated to propel the North America vehicle scanner market demand in the upcoming years.
Key Players in the Global Vehicle Scanner Industry
Some of the leading vehicle scanner market players are
- Gatekeeper Security Inc.
- SecuScan
- SecureOne International BV
- Leidos
- International Road Dynamics Inc.
- SCANLAB GmbH
- Omnitec Group
- Rapiscan Systems
- Advanced Detection Technology LLC
- Chemring Technology Solutions
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