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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. The 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 this 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.
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 this 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.
Note: Product cover images may vary from those shown
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
Global Vehicle Scanner Market 2019-2023
The analyst 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 the research 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The analyst 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 the research 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Gatekeeper Security, Inc.
- International Road Dynamics Inc.
- Leidos
- secureOne International BV
- SecuScan
Note: Product cover images may vary from those shown
