Global Market Size, Forecast, and Trend Highlights Over 2025-2037
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.
Automated Under Vehicle 3D Scanning System Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Investments on Infrastructural Development
- Rising Military Expenditure Globally
Challenges
- High Cost of Installing Under Vehicle 3D Scanning Systems
Automated Under Vehicle 3D Scanning System Market: Key Insights
Automated Under Vehicle 3D Scanning System Segmentation
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.
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Customize this ReportAutomated Under Vehicle 3D Scanning System Industry - Regional Synopsis
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.
Companies Dominating the Automated Under Vehicle 3D Scanning System Landscape
- Gatekeeper Security, Inc.
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Tescon Sicherheitssysteme AG
- SecureOne International BV
- KTG GmbH (SecuScan)
- Chemring Group PLC
- Omnitec Group
- Advanced Detection Technology, LLC
- VMI Systems Corp.
- Rapiscan Systems, Inc.
- Amba Defence Global Ltd
In the News
- March 2, 2020: SecuScan presented its Under Vehicle Inspection System with full view color images at the SICUR 2020 fair.
Author Credits: Saima Khursheed
- Report ID: 3085
- Published Date: Dec 24, 2024
- Report Format: PDF, PPT
