Vehicle Scanner Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0187285
  • Format: Electronic (PDF)
  • Number of Pages: 225
  • Author(s): Joshi, Madhavi

Report Overview

The Vehicle Scanner Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 4.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 15.00% during the forecast period (2024-2030).

Vehicle Scanner Market

(Market Size)
$1.8 billion
$4.5 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 15.00%
2023 Market Size USD 1.8 billion
2030 Market Size USD 4.5 billion
Key Players Leidos, Rapiscan Systems, Smiths Detection, L3Harris, UVeye

Market Summary

The vehicle scanner market is an integral segment within the automotive and transportation industry, focusing on advanced inspection systems designed to enhance security, safety, and operational efficiency. These scanners utilize technologies such as X-ray, infrared, ultrasonic, and electromagnetic sensing to detect contraband, explosives, weapons, and mechanical faults in vehicles. The market serves a diverse range of end-users including government and defense agencies, commercial entities, and critical infrastructure facilities like airports, borders, and corporate campuses. The increasing global emphasis on perimeter security and the need to prevent unauthorized access or threats is a fundamental driver. Additionally, the rise in vehicular terrorism and smuggling activities has accelerated the adoption of these systems. The integration of artificial intelligence and machine learning for automated threat recognition is becoming a standard feature, improving accuracy and reducing human intervention. Manufacturers are continuously innovating to offer portable, fixed, and under-vehicle scanner variants to meet specific operational requirements. The market is characterized by a blend of established security solution providers and specialized technology firms striving to offer cost-effective and reliable solutions.

Key Highlights

The vehicle scanner market is distinguished by several key highlights that underscore its growth and technological evolution. Advanced imaging technologies, including millimeter-wave and backscatter X-ray, provide high-resolution scans capable of identifying even well-concealed threats, setting a high industry standard. The development of multi-lane and high-speed scanning systems allows for the efficient processing of vehicles without causing significant traffic disruptions, which is critical for high-volume checkpoints. Integration with broader security and traffic management systems enables real-time data analytics and centralized monitoring, enhancing situational awareness for operators. Companies like Leidos, OSI Systems, and CEIA are leading innovations, offering products with enhanced detection capabilities and lower false alarm rates. The market is also witnessing a surge in demand for under-vehicle surveillance systems, which are vital for inspecting the undercarriage for hidden devices or modifications. Furthermore, the adoption of cloud-based solutions for data storage and remote access is gaining traction, providing scalability and flexibility to end-users. These highlights reflect a market that is responsive to global security challenges and technological advancements.

Drivers, Opportunities & Restraints

The vehicle scanner market is propelled by several drivers, primarily the escalating need for robust security measures at borders, airports, and sensitive installations to counteract terrorism and illicit trafficking. Government regulations mandating enhanced security protocols and investments in public safety infrastructure significantly contribute to market growth. The expansion of smart city projects globally also presents substantial opportunities, as integrated security systems become a cornerstone of urban planning. Additionally, the increasing adoption of vehicle scanners in commercial sectors for preventing theft and ensuring cargo safety opens new revenue streams. However, the market faces restraints including the high initial investment and maintenance costs associated with advanced scanning systems, which can be prohibitive for budget-constrained organizations. Technical challenges such as scanning large or densely packed vehicles and environmental factors like weather conditions affecting performance also pose hurdles. Privacy concerns related to advanced imaging technologies may lead to regulatory scrutiny and public resistance, potentially slowing adoption in certain regions. Despite these challenges, ongoing technological innovations and the rising incidence of security breaches continue to drive demand.

Concentration Insights

The vehicle scanner market exhibits a concentrated competitive landscape with a mix of global players and regional specialists dominating the industry. Key companies such as Leidos Holdings, OSI Systems, Inc., CEIA S.p.A., and Smiths Detection Group Ltd. hold significant market shares due to their extensive product portfolios and established presence in defense and security sectors. These leaders invest heavily in research and development to introduce cutting-edge technologies, such as AI-powered anomaly detection and cloud-integrated systems, maintaining their competitive edge. The market also features several niche players focusing on specific applications like under-vehicle scanning or portable solutions, catering to specialized customer needs. Geographically, North America and Europe are hubs for major manufacturers, driven by stringent security regulations and high defense budgets. Emerging economies in Asia-Pacific and the Middle East are becoming focal points for market expansion, owing to increasing security expenditures and infrastructure development. Partnerships with government agencies and strategic acquisitions are common strategies employed by companies to strengthen their market position and expand their global footprint.

Type Insights

Vehicle scanners are categorized into various types based on their technology and deployment mode, each serving distinct operational requirements. Fixed or gantry-mounted scanners are permanently installed at checkpoints and borders, offering high-throughput scanning for vehicles of all sizes, and are commonly used in high-security zones. Portable or mobile scanners provide flexibility for temporary deployments and rapid response scenarios, such as event security or military operations, and are increasingly favored for their versatility. Under-vehicle inspection systems (UVIS) are designed to scan the underside of vehicles for hidden threats, using cameras or sensors, and are widely deployed at entrances to secure facilities. Additionally, there are biometric and RFID-integrated scanners that combine vehicle inspection with identity verification, enhancing overall security protocols. The choice of scanner type depends on factors like the required detection capability, installation environment, and budget constraints. Technological advancements are leading to the development of multi-technology scanners that combine X-ray, radar, and optical imaging for comprehensive threat assessment.

Application Insights

Vehicle scanners find applications across multiple sectors, with government and defense being the largest segment due to the critical need for national security and border protection. These applications include monitoring entry points at military bases, prisons, and government buildings to prevent unauthorized access and contraband smuggling. In the commercial realm, vehicle scanners are used by private corporations to secure campuses, data centers, and industrial sites, as well as by logistics companies to inspect cargo for illicit goods. Critical infrastructure facilities such as airports, seaports, and nuclear plants employ these systems to safeguard against potential threats and ensure compliance with security regulations. The transportation sector utilizes scanners for weigh-in-motion and axle counting, integrating security with traffic management. Additionally, law enforcement agencies deploy mobile scanners for random checks and during high-alert situations. The diversification of applications is driving innovation, with systems being tailored to meet the specific needs of each sector, such as high-speed scanning for busy ports or rugged designs for harsh environments.

Regional Insights

The vehicle scanner market demonstrates varied growth patterns across different regions, influenced by local security needs, economic conditions, and regulatory frameworks. North America holds a prominent position, driven by substantial defense budgets, strict security laws, and the presence of leading manufacturers. The United States, in particular, invests heavily in advanced scanning technologies for border security and critical infrastructure protection. Europe follows closely, with countries like the United Kingdom, Germany, and France prioritizing anti-terrorism measures and smart city initiatives, fueling demand for vehicle scanning solutions. The Asia-Pacific region is emerging as a high-growth market, attributable to rising security concerns, increasing terrorism threats, and infrastructure development in countries such as China, India, and Australia. The Middle East and Africa are also witnessing growing adoption, supported by government investments in security infrastructure and the need to protect oil and gas facilities. Latin America shows steady growth, with focus on curbing drug trafficking and organized crime. Each region presents unique opportunities and challenges, shaping the strategies of market players.

Company Insights

The competitive landscape of the vehicle scanner market is shaped by several key players who drive innovation and market expansion. Leidos Holdings, through its subsidiary Leidos Security Detection & Automation, offers a range of advanced vehicle scanning solutions including the VACIS series, known for their reliability in cargo and vehicle inspection. OSI Systems, Inc., operating under its security division Rapiscan Systems, provides cutting-edge products like the Gantry system and mobile scanners, leveraging technologies such as X-ray and radiation detection. CEIA S.p.A. is renowned for its electromagnetic induction scanners and under-vehicle inspection systems, catering to high-security requirements globally. Smiths Detection Group Ltd. offers comprehensive solutions including the HCVM scanner, which combines multiple technologies for enhanced threat detection. Other notable companies include Godrej & Boyce Mfg. Co. Ltd., which focuses on cost-effective solutions for emerging markets, and UVeye Ltd., which specializes in automated under-vehicle inspection using artificial intelligence. These companies compete on factors like technological innovation, product reliability, and global service networks, continuously striving to meet evolving customer demands.

Recent Developments

The vehicle scanner market has seen significant recent developments aimed at enhancing technology and expanding market reach. Key players have introduced AI and machine learning integrations to improve threat detection accuracy and reduce false alarms, making systems more efficient and user-friendly. For instance, new software updates enable real-time analytics and predictive maintenance capabilities. There has been a surge in the development of portable and modular scanners, allowing for rapid deployment in emergency situations and temporary security setups. Partnerships and collaborations between scanner manufacturers and government agencies have increased, focusing on custom solutions for specific security challenges. Additionally, companies are investing in eco-friendly technologies, such as low-energy consumption scanners, to align with sustainability goals. Recent product launches include multi-energy X-ray systems that provide clearer images and better material discrimination. Strategic acquisitions have also been prevalent, with larger firms absorbing smaller innovators to diversify their product offerings and gain technological advantages. These developments reflect a dynamic market responsive to global security trends and technological advancements.

Report Segmentation

This market research report on the vehicle scanner market offers a detailed segmentation to provide comprehensive insights into various aspects of the industry. The segmentation is based on type, categorizing scanners into fixed, portable, and under-vehicle inspection systems, each analyzed for their market presence and growth potential. By technology, the report covers X-ray, infrared, ultrasonic, electromagnetic, and others, highlighting the adoption trends and technological advancements in each segment. Application-wise, the market is divided into government and defense, commercial, and others, with an in-depth analysis of demand patterns across these sectors. Geographically, the report provides regional analysis covering North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa, examining regional dynamics, key countries, and growth drivers. Additionally, the report includes a competitive landscape section profiling major companies, their market strategies, and recent developments. This structured segmentation enables stakeholders to identify niche opportunities, understand market dynamics, and make informed decisions based on granular data and trends.

FAQs

What are the different types of vehicle scanners available? Vehicle scanners are primarily categorized into fixed, portable, and under-vehicle inspection systems. Fixed scanners are installed permanently at checkpoints, portable scanners offer mobility for temporary use, and under-vehicle systems scan the underside for hidden threats.

How do vehicle scanners enhance security? Vehicle scanners enhance security by using technologies like X-ray and electromagnetic sensing to detect weapons, explosives, contraband, and mechanical issues, preventing unauthorized access and threats at sensitive locations.

Which industries use vehicle scanners the most? The government and defense sector is the largest user, followed by commercial industries for securing campuses and critical infrastructure like airports and borders.

What technologies are commonly used in vehicle scanning? Common technologies include X-ray imaging, infrared sensing, ultrasonic detection, electromagnetic induction, and millimeter-wave radar, often integrated with AI for improved accuracy.

Are there portable options for vehicle scanners? Yes, portable vehicle scanners are available, designed for flexibility and rapid deployment in temporary security setups, events, or emergency situations.

What are the key factors driving the vehicle scanner market? Key drivers include rising security threats, government regulations, increased investment in infrastructure security, and technological advancements in detection systems.

Citius Research has developed a research report titled “Vehicle Scanner Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Vehicle Scanner Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Vehicle Scanner Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Vehicle Scanner Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Vehicle Scanner Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Vehicle Scanner Market
• Research Methodology
• Executive Summary
• Market Dynamics of Vehicle Scanner Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Vehicle Scanner Market
• Cost and Gross Margin Analysis of Vehicle Scanner Market
• Vehicle Scanner Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Vehicle Scanner Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Vehicle Scanner Market Key Stakeholders

Below are the key stakeholders for the Vehicle Scanner Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Vehicle Scanner Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Vehicle Scanner Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Vehicle Scanner Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Vehicle Scanner Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Vehicle Scanner Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Vehicle Scanner Market is expected to grow at a CAGR of XX% from 2023 to 2030.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.
For further details request a free sample copy of this report here.

Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Vehicle Scanner Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Vehicle Scanner Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Vehicle Scanner Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Vehicle Scanner Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Vehicle Scanner Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Vehicle Scanner Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Vehicle Scanner Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Vehicle Scanner Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Vehicle Scanner Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Vehicle Scanner Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Vehicle Scanner Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

Request a detailed Research Methodology for the market.

Request Customization or Sample Report

To request a sample report or for any inquiry regarding this report, please fill out the form below

Yes, I have read the Privacy Policy.

Related Reports






latest reports