Market Overview:
The global Vehicle Identity Recognition (VIR) 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 advanced traffic management solutions, rising number of vehicles on the road, and growing adoption of VIR technology for law enforcement and electronic toll collection applications. Based on type, the global VIR market can be segmented into mobile, fixed, and portable devices. The mobile device segment is expected to account for the largest share of the global VIR market in 2018 owing to its growing popularity among end users due to its portability and ease of use. Based on application, traffic management is expected to account for the largest share of the global VIR market in 2018 followed by law enforcement and electronic toll collection applications.
 Industry Outlook.svg)
Product Definition:
Vehicle Identity Recognition (VIR) is the process of identifying a specific vehicle from among a group of similar vehicles. This can be done through various means, such as license plate recognition or facial recognition. The importance of Vehicle Identity Recognition (VIR) lies in its ability to help authorities track and identify specific vehicles involved in criminal activity, as well as to improve traffic management.
Mobile:
The global market for vehicle identity recognition is expected to witness significant growth over the forecast period. The increasing demand for automated vehicles and the growing emphasis on connected car technology are expected to drive the growth of this market. Vehicle identity recognition systems enable an automobile manufacturer or a service provider to identify a particular vehicle by its unique identification number or by some other means, e.g.
Fixed:
The fixed and it’s usage in vehicle identity recognition market is expected to grow at a significant pace over the forecast period. The growth of this industry can be attributed to the increasing demand for automobile safety features such as anti-theft system, keyless entry, and automatic emergency braking. These features are enabled by using advanced technologies such as vision-based systems or radar-based systems that provide identification of objects around the vehicle.
Application Insights:
Based on applications, the market has been segmented into traffic management, law enforcement, e-toll collection, parking management and others. The e-toll collection segment is expected to dominate the global vehicle identity recognition application market over the forecast period owing to its high level of adoption in various countries across Europe and Asia Pacific.
The growing need for managing traffic through effective transportation planning is anticipated to drive demand for VIR in traffic management applications. Furthermore, governments are increasingly deploying VIR solutions at toll Collection Points (CPs) as well as on highways themselves to aid drivers with EZ Pass transponders during Toll Collection Periods (TCP). Such factors are expected fuel growth during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in VIR technology and growing adoption of mobility services across various industries, such as transportation, retail & e-commerce, and others. Moreover, presence of prominent players such as Mobileye; Google LLC; Qualcomm Inc.; Delphi Automotive PLC; and HERE Technologies GmbH is also contributing toward growth of the regional market.
The Asia Pacific regional market is anticipated to grow at a significant rate over the forecast period owing to increasing deployment of VIR solutions for traffic management purposes across various cities in China and India. For instance: In December 2016, Alibaba Group Holding Ltd., a Chinese e-commerce & retail company entered into a partnership with SIA Engineering Consulting Co., Ltd., an Indian civil engineering consulting firm for developing smart city projects based on vehicle identity recognition technologies across both countries (India & China).
Growth Factors:
- Increasing demand for authenticated and secure vehicle identification.
- Proliferation of connected cars and autonomous vehicles, which will require advanced VIR systems for identification, communication, and navigation purposes.
- Growing concerns over vehicle theft and security threats that can be mitigated through the use of VIR technologies.
- The increasing need for data-driven insights on traffic patterns, congestion levels, etc., which can be gathered through the deployment of VIR systems in smart cities/urban areas 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicle Identity Recognition (VIR) Market Research Report
By Type
Mobile, Fixed, Portable
By Application
Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Others
By Companies
Siemens, Rekor, Jenoptik, Vivotek, Neology, Survision, Genetec, Kapsch TrafficCom, ARH, Bosch Security Systems, Q-free (Dacolian), NDI Recognition Systems, Tattile, Perceptics, GeoVision, HTS, Leonardo Company, TagMaster, MAV Systems, Nedap, Petards Group, ParkingEye Limited, Arvoo Imaging Products, Inex Tech
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Vehicle Identity Recognition (VIR) Market Report Segments:
The global Vehicle Identity Recognition (VIR) market is segmented on the basis of:
Types
Mobile, Fixed, Portable
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
Traffic Management, Law Enforcement, Electronic Toll Collection, Parking Management, Others
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:
- Siemens
- Rekor
- Jenoptik
- Vivotek
- Neology
- Survision
- Genetec
- Kapsch TrafficCom
- ARH
- Bosch Security Systems
- Q-free (Dacolian)
- NDI Recognition Systems
- Tattile
- Perceptics
- GeoVision
- HTS
- Leonardo Company
- TagMaster
- MAV Systems
- Nedap
- Petards Group
- ParkingEye Limited
- Arvoo Imaging Products
- Inex Tech
 Market Overview.svg)
Highlights of The Vehicle Identity Recognition (VIR) 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:
- Mobile
- Fixed
- Portable
- By Application:
- Traffic Management
- Law Enforcement
- Electronic Toll Collection
- Parking Management
- Others
- 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 Vehicle Identity Recognition (VIR) 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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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
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- Understanding Competition Scenario
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- Channel & Customer Management
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 Market Statistics.svg)
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?
Vehicle identity recognition (VIR) is a technology that can identify and track vehicles. This technology can be used to detect when a vehicle has been stolen, or when the driver has left the vehicle in a parking lot without locking it.
Some of the major players in the vehicle identity recognition (vir) market are Siemens, Rekor, Jenoptik, Vivotek, Neology, Survision, Genetec, Kapsch TrafficCom, ARH, Bosch Security Systems, Q-free (Dacolian), NDI Recognition Systems, Tattile, Perceptics, GeoVision, HTS, Leonardo Company, TagMaster, MAV Systems, Nedap, Petards Group, ParkingEye Limited, Arvoo Imaging Products, Inex Tech.
The vehicle identity recognition (vir) market is expected to grow at a compound annual growth rate of 10.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vehicle Identity Recognition (VIR) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vehicle Identity Recognition (VIR) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vehicle Identity Recognition (VIR) Market - Supply Chain
4.5. Global Vehicle Identity Recognition (VIR) Market Forecast
4.5.1. Vehicle Identity Recognition (VIR) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vehicle Identity Recognition (VIR) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vehicle Identity Recognition (VIR) Market Absolute $ Opportunity
5. Global Vehicle Identity Recognition (VIR) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Type
5.3.1. Mobile
5.3.2. Fixed
5.3.3. Portable
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vehicle Identity Recognition (VIR) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Application
6.3.1. Traffic Management
6.3.2. Law Enforcement
6.3.3. Electronic Toll Collection
6.3.4. Parking Management
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vehicle Identity Recognition (VIR) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vehicle Identity Recognition (VIR) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vehicle Identity Recognition (VIR) Demand Share Forecast, 2019-2026
9. North America Vehicle Identity Recognition (VIR) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Application
9.4.1. Traffic Management
9.4.2. Law Enforcement
9.4.3. Electronic Toll Collection
9.4.4. Parking Management
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Type
9.7.1. Mobile
9.7.2. Fixed
9.7.3. Portable
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vehicle Identity Recognition (VIR) Demand Share Forecast, 2019-2026
10. Latin America Vehicle Identity Recognition (VIR) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Application
10.4.1. Traffic Management
10.4.2. Law Enforcement
10.4.3. Electronic Toll Collection
10.4.4. Parking Management
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Type
10.7.1. Mobile
10.7.2. Fixed
10.7.3. Portable
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vehicle Identity Recognition (VIR) Demand Share Forecast, 2019-2026
11. Europe Vehicle Identity Recognition (VIR) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Application
11.4.1. Traffic Management
11.4.2. Law Enforcement
11.4.3. Electronic Toll Collection
11.4.4. Parking Management
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Type
11.7.1. Mobile
11.7.2. Fixed
11.7.3. Portable
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vehicle Identity Recognition (VIR) Demand Share, 2019-2026
12. Asia Pacific Vehicle Identity Recognition (VIR) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Application
12.4.1. Traffic Management
12.4.2. Law Enforcement
12.4.3. Electronic Toll Collection
12.4.4. Parking Management
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Type
12.7.1. Mobile
12.7.2. Fixed
12.7.3. Portable
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vehicle Identity Recognition (VIR) Demand Share, 2019-2026
13. Middle East & Africa Vehicle Identity Recognition (VIR) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vehicle Identity Recognition (VIR) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Application
13.4.1. Traffic Management
13.4.2. Law Enforcement
13.4.3. Electronic Toll Collection
13.4.4. Parking Management
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vehicle Identity Recognition (VIR) Market Size and Volume Forecast by Type
13.7.1. Mobile
13.7.2. Fixed
13.7.3. Portable
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vehicle Identity Recognition (VIR) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vehicle Identity Recognition (VIR) Market: Market Share Analysis
14.2. Vehicle Identity Recognition (VIR) Distributors and Customers
14.3. Vehicle Identity Recognition (VIR) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Rekor
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Jenoptik
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Vivotek
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Neology
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Survision
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Genetec
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kapsch TrafficCom
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. ARH
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Bosch Security Systems
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Q-free (Dacolian)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. NDI Recognition Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Tattile
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Perceptics
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. GeoVision
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. HTS
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Leonardo Company
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. TagMaster
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. MAV Systems
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Nedap
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
