Automated Under Vehicle 3D Scanning System Market size is anticipated to grow at substantial growth rate during the forecast period i.e., between 2025-2037.
The growth of the market can be attributed to factors such as increasing government investment on infrastructural development, growing military expenditure worldwide, and rise in the number of terrorist activities. In 2018, more than 8000 terrorist attacks took place around the world. This statistic grew up to more than 8,300 by the end of 2019. In addition to these, escalating security concerns in nations to avoid illegal activities is also expected to drive automated under vehicle 3D scanning system market growth in the coming years. Furthermore, intensifying R&D activities for development of high-end solutions for vehicle surveillance and growth in awareness towards vehicle safety are evaluated to offer lucrative opportunities to the market in the future.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
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The market is segmented by application into commercial, military & defense, government and others, out of which, the government segment is anticipated to hold the largest share in the automated under vehicle 3D scanning system market on account of increasing demand for vehicle scanning systems from government institutions for securing sensitive areas such as oil and nuclear plants. Along with this, the military & defense segment is also projected to hold a noteworthy market share owing to the rise in installation of vehicle scanner systems to protect cross-border checkpoints and military bases. Additionally, on the basis of type, the segment for fixed 3D UVSS is predicted to occupy the largest share in the market, which can be credited to the ability of this device to scan the vehicle even at speeds ranging from 30-60 km/h.
Our in-depth analysis of the global market includes the following segments:
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Application |
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On the basis of geographical analysis, the automated under vehicle 3D scanning system market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. The market in the North America industry is set to dominate majority revenue share by 2037, on the back of high implementation of vehicle scanning systems in airports and seaports, and adoption of strict measures to combat illegal activities and terrorism. Apart from these, wide installation of 3D UVSS in government and commercial properties in the United States and Canada is also assessed to boost market growth in the region. Alternatively, the market in the Asia Pacific is projected to witness the highest growth rate over the forecast period, which can be ascribed to the rising number of construction activities and growing government consciousness regarding the safety of people in the region. For instance, China has emerged as the largest construction automated under vehicle 3D scanning system market in the world. The total value of the construction industry in the country crossed more than $1 billion in 2020.
Author Credits: Saima Khursheed
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