Market Overview:
The global car electronic vehicle identification market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for intelligent parking systems and intelligent traffic management systems across the globe. Additionally, the increasing adoption of RFID readers for various applications is also contributing to the growth of this market. However, factors such as high installation and maintenance costs may restrain the growth of this market in some regions during the forecast period. On basis of type, electronic tags are expected to account for a larger share than RFID readers in terms of revenue during 2018-2030 owing to their low installation and maintenance costs as compared with RFID readers.
Product Definition:
The definition of Car Electronic Vehicle Identification (CEVI) is the use of electronic means to identify a vehicle or its components. The purpose of CEVI is to provide a secure, tamper-resistant method for tracking and managing vehicles and their associated data.
Electronic Tags:
Electronic tags are small computer chips or microprocessors that store information about the vehicle and its owner. They can be either attached to vehicles or drivers. The electronic tags have advanced features such as anti-theft system, anti-collision system, emergency call systems, etc., which make them a reliable form of vehicle identification for security purposes.
RFID Readers:
RFID stands for Radio-frequency Identification. It is a technology that involves the use of electromagnetic radio-frequency to transfer data from an identification tag attached to an object. The tags are small computer chips or dongles that contain software and a antenna, which sends and receives signals from the reader/writer (receiver & transmitter). These devices are used in inventory control, tracking objects, personnel tracking, access control etc.
Application Insights:
The other application segment includes the incorporation of ECV into vehicle safety and security, driver monitoring and tracking, as well as vehicle maintenance. The introduction of such systems will help automakers to enhance customer experience, improve operational efficiency and reduce costs. Furthermore, these systems also provide data on fuel consumption by enabling real-time tracking of a vehicle¢â‚¬â„¢s speed and location. This information can be used by governments for traffic management purposes to improve transportation outcomes for all travelers on roads globally.
Intelligent traffic management system is expected to emerge as the fastest-growing application segment over the forecast period owing to its ability to optimize utilization of road space through implementation in major cities around the world such as New York City; Los Angeles; Chicago; Paris; London etc., thereby improving overall travel experience for passengers without compromising with vehicular or pedestrian safety at all times.
Regional Analysis:
North America dominated the global car electronic vehicle identification market in 2017. The presence of well-established manufacturers and suppliers, technological advancements, and government initiatives are some of the major factors responsible for its large share. For instance, in September 2018, Qualcomm Technologies Inc., a subsidiary of Qualcomm Inc., announced that it is working with Autoliv to enable automotive safety systems through advanced technologies such as Artificial Intelligence (AI) and 5G.
Asia Pacific is expected to be one of the fastest growing markets over the forecast period owing to increasing demand from OEMs for aftermarket products along with rising disposable income levels among consumers especially millennials which will lead them to purchase premium cars more frequently than others. Furthermore, supportive government regulations regarding implementation of RFID technology at both federal level as well as state level are anticipated to boost regional growth over next eight years or so until 2030 time frame).
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Government initiatives for the adoption of electric and hybrid vehicles
- Development of advanced vehicle identification technologies
- Growing concerns over vehicular emissions and safety
- Proliferation of connected cars
Scope Of The Report
Report Attributes
Report Details
Report Title
Car Electronic Vehicle Identification Market Research Report
By Type
Electronic Tags, RFID Readers
By Application
Intelligent Parking System, Intelligent Traffic Management System, Other
By Companies
E-Hualu, Gosunsn, China Transinfo, Invengo, Kedacom, e-Plate Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
208
Number of Tables & Figures
146
Customization Available
Yes, the report can be customized as per your need.
Global Car Electronic Vehicle Identification Market Report Segments:
The global Car Electronic Vehicle Identification market is segmented on the basis of:
Types
Electronic Tags, RFID Readers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Intelligent Parking System, Intelligent Traffic Management System, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- E-Hualu
- Gosunsn
- China Transinfo
- Invengo
- Kedacom
- e-Plate Ltd.
Highlights of The Car Electronic Vehicle Identification Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electronic Tags
- RFID Readers
- By Application:
- Intelligent Parking System
- Intelligent Traffic Management System
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Car Electronic Vehicle Identification Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Car electronic vehicle identification (CEVID) is a system that uses radio frequency identification (RFID) tags to uniquely identify vehicles. CEVIDs are typically embedded in the windshield or other exterior surfaces of cars. When a car passes by an RFID reader, the tag sends back information about the car, such as its make, model, and registration number. This information can be used to track the whereabouts of individual cars and to prevent them from being stolen or used without permission.
Some of the major players in the car electronic vehicle identification market are E-Hualu, Gosunsn, China Transinfo, Invengo, Kedacom, e-Plate Ltd..
The car electronic vehicle identification market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Car Electronic Vehicle Identification Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Car Electronic Vehicle Identification Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Car Electronic Vehicle Identification Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Car Electronic Vehicle Identification Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Car Electronic Vehicle Identification Market Size & Forecast, 2020-2028
4.5.1 Car Electronic Vehicle Identification Market Size and Y-o-Y Growth
4.5.2 Car Electronic Vehicle Identification Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electronic Tags
5.2.2 RFID Readers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Intelligent Parking System
6.2.2 Intelligent Traffic Management System
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Car Electronic Vehicle Identification Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Car Electronic Vehicle Identification Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electronic Tags
9.6.2 RFID Readers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Intelligent Parking System
9.10.2 Intelligent Traffic Management System
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electronic Tags
10.6.2 RFID Readers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Intelligent Parking System
10.10.2 Intelligent Traffic Management System
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electronic Tags
11.6.2 RFID Readers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Intelligent Parking System
11.10.2 Intelligent Traffic Management System
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electronic Tags
12.6.2 RFID Readers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Intelligent Parking System
12.10.2 Intelligent Traffic Management System
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electronic Tags
13.6.2 RFID Readers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Intelligent Parking System
13.10.2 Intelligent Traffic Management System
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Car Electronic Vehicle Identification Market: Competitive Dashboard
14.2 Global Car Electronic Vehicle Identification Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 E-Hualu
14.3.2 Gosunsn
14.3.3 China Transinfo
14.3.4 Invengo
14.3.5 Kedacom
14.3.6 e-Plate Ltd.
