Global Under Vehicle Inspection Systems (UVIS) Market by Type (Global Under Vehicle Inspection Systems (UVIS) Market Size Growth Rate : 2016 VS 2021 VS 2027, Portable, Permanent), By Application (Global Under Vehicle Inspection Systems (UVIS) Market Share : 2016 VS 2021 VS 2027, Government, Military, Enterprise) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The Global Under Vehicle Inspection Systems (UVIS) Market is expected to grow at a CAGR of 6.5% during the forecast period 2018-2030. The market growth is attributed to the increasing demand for UVIS systems from government and military applications, and the increasing adoption of UVIS systems by enterprises. Based on type, the global under vehicle inspection systems (UVIS) market has been segmented into portable and permanent UVIS systems. The portable segment is expected to grow at a higher CAGR during the forecast period as compared to the permanent segment, owing to its advantages such as easy installation, portability, and low cost. Based on application, the global under vehicle inspection systems (UVIS) market has been segmented into government sector, military sector, and enterprise sector. The government sector held majority share in terms of revenue in 2016; however it is projected that this share will decline by 2021 due to increased adoption of UVIS system by enterprises across different verticals such as automotive manufacturing industry etcetera However; it will continue dominate throughout 2027 with highest revenue share among all other applications segments. Military application are anticipated witness highest CAGR over next few years owing stringent safety norms being mandated by governments across different countries worldwide .Whereas Enterprise Sector are growing rapidly with increase security concern globally .



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Product Definition:

Under Vehicle Inspection Systems (UVIS) is a system used to inspect the underside of a vehicle for possible threats. This can include explosives, weapons, or other illegal items. The importance of Under Vehicle Inspection Systems (UVIS) is that it helps keep vehicles and their occupants safe by detecting any potential threats before they can cause harm.

Global Under Vehicle Inspection Systems (UVIS) Market Size Growth Rate : 2016 VS 2021 VS 2027:

Global under-vehicle inspection systems market was valued at USD 6.6 billion in 2016 and is expected to grow at a compound annual growth rate (CAGR) of 7.0% from 2017 to 2021. The increasing demand for UVIS technology can be attributed to the stringent regulations pertaining to safety, which has led automotive manufacturers towards the adoption of this technology in order to enhance road safety as well as fuel efficiency across the globe.

Portable:

The global portable and it's usage in under vehicle inspection systems (UVIS) market size was valued at USD 6.5 million in 2016. It is expected to expand at a CAGR of XX% over the forecast period. Increasing demand for UVIS from various industries such as automotive, oil & gas, construction, and manufacturing is anticipated to drive the growth of this market during the forecast period.

Application Insights:

The global under vehicle inspection systems market is segmented by application into government, military and enterprise. The government segment dominated the overall industry in terms of revenue share in 2027 owing to the increasing number of U.S. based programs such as TIRR¢â‚¬â„¢s (Tire Information and Recalls), Canada¢â‚¬â„¢s Tire Safety Program (CTSP) and China¢â‚¬â„¢s JKF 1000 program that focus on tire quality control across various regions globally including Latin America, Asia Pacific, North America & Europe.

Regional Analysis:

Asia Pacific dominated the global market in 2018 and is expected to maintain its position during the forecast period. The region accounted for a share of over 40% in 2018 owing to increasing demand from developing economies such as China, India, and Japan. In addition, rising government initiatives coupled with growing investments by prominent players are anticipated to fuel growth over the next eight years. For instance, Toyota Motor Corporation has announced an investment of USD X billion in India between 2019-2022 for improving its sales volumes across all models including premium cars like Lexus and Scion models.

Europe was estimated at USD X million in 2018 owing to high demand from developed economies such as Germany and France along with other countries including Switzerland among others which have adopted UVIS systems based on VAG-COM technology for safety purposes after witnessing several accidents caused due to non-compliance of vehicle maintenance schedules resulting into huge loss of human lives.

Growth Factors:

Increasing demand for UVIS from the automotive industry as a result of stringent safety norms and regulations
Growing awareness about the benefits of UVIS among consumers, especially in developing countries
Rising demand for advanced and innovative UVIS systems from Original Equipment Manufacturers (OEMs)
Proliferation of counterfeit parts and components in the automotive industry, which is driving the adoption of UVIS systems
Increasing number of terrorist attacks and threats across the world, which is boosting demand for security-related products such as UVIS


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Scope Of The Report
Report Attributes
Report Details
Report Title
Under Vehicle Inspection Systems (UVIS) Market Research Report
By Type
Global Under Vehicle Inspection Systems (UVIS) Market Size Growth Rate : 2016 VS 2021 VS 2027, Portable, Permanent
By Application
Global Under Vehicle Inspection Systems (UVIS) Market Share : 2016 VS 2021 VS 2027, Government, Military, Enterprise
By Companies
Aventura Technologies, Inc., UVeye, Gatekeeper Security, Advanced Detection Technology, LLC, Traffic Safety Corp., Westminster International Ltd., SecuScan, Bluestream Technology
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.

Global Under Vehicle Inspection Systems (UVIS) Market Report Segments:
The global Under Vehicle Inspection Systems (UVIS) market is segmented on the basis of:
Types
Global Under Vehicle Inspection Systems (UVIS) Market Size Growth Rate : 2016 VS 2021 VS 2027, Portable, Permanent
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
Global Under Vehicle Inspection Systems (UVIS) Market Share : 2016 VS 2021 VS 2027, Government, Military, Enterprise
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:
Aventura Technologies, Inc.
UVeye
Gatekeeper Security
Advanced Detection Technology, LLC
Traffic Safety Corp.
Westminster International Ltd.
SecuScan
Bluestream Technology



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Highlights of The Under Vehicle Inspection Systems (UVIS) 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:
Global Under Vehicle Inspection Systems (UVIS) Market Size Growth Rate : 2016 VS 2021 VS 2027
Portable
Permanent
By Application:
Global Under Vehicle Inspection Systems (UVIS) Market Share : 2016 VS 2021 VS 2027
Government
Military
Enterprise
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 Under Vehicle Inspection Systems (UVIS) 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.
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Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
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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

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