DUBLIN--(BUSINESS WIRE)--The "Global Vehicle Scanner Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The vehicle scanner market will register a CAGR of nearly 6% by 2023.

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.

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.

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.

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Portable scanner - Market size and forecast 2018-2023
  • Fixed scanner - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Increasing sales of EVs
  • Increasing adoption of IoT by end-users
  • Rising demand for rugged devices

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Gatekeeper Security, Inc.
  • International Road Dynamics Inc.
  • Leidos
  • secureOne International BV
  • SecuScan

PART 14: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/r/b27y4f

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Related Topics: Automotive Repair