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 Global Vehicle Scanner System Market
Posted on : Monday, 10 February, 2020  11:07
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URL : https://www.maximizemarketresearch.com/market-report/global-vehicle-scanner-system-market/30570/

Global Vehicle Scanner System Market was valued at US$ 1.2 Bn in 2017 and is expected to reach US$2.5 Bn by 2026, at a CAGR of 9.61% during a forecast period.Global Vehicle Scanner System MarketThe growth of the vehicle scanner market is driven owing to the increasing security and safety concerns globally. Buyers are installing the vehicle scanning technology in their premises as it aids in identifying immediate threats, foreign objects, contraband, and others. The vehicle scanner market is used for various applications like military checkpoints, border crossings, airports and seaports, hotels and royal palaces, government buildings, nuclear power plants, and chemical companies. While vehicle scanners are installed in many places, nevertheless the growth is still slow due to the limited sale of the system.

The major challenge 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 correlated to the operating system, software, and high-resolution screens. Such upgrades upsurge the operating cost of the end-users, which may affect product sales.

Portable/mobile vehicle scanner type segment is the fastest increasing vehicle scanner market. The portable vehicle scanners have high development potential as they can be installed at any anticipated inspection location and require low installation cost as compared with static scanners. Additionally, the high spending on infrastructure in the developing countries is expected to drive the vehicle scanner market for portable/mobile scanners.

Government/critical infrastructure protection segment is expected to be the largest vehicle scanner market globally. The growth is because of factors such as the continuous increase in military expenditure and securing borders by installing safety and security products. Cross- border security is one of the highly sensitive security aspects considered for the safety of some country.

North America is the major vehicle scanner market, followed by the Middle East. North America is home to leading vehicle scanner manufacturers like Gatekeeper Security, Leidos, and IRD. The North American region has faced safety and security concerns, for instance, terrorism, contraband, and other illegal activities, which have driven 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 increasing threats and activities.

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