Automatic vehicle identification (AVI) systems refers to the deployment of various solutions for automatic validation of vehicles with the use of various smartcards, tags, readers and cameras. AVI systems are widely used in numerous applications such as access control, electronic toll collection and traffic management across the world. The deployment of AVI systems ensures protection of various buildings and sensitive sites by controlling and monitoring physical access to various vehicles seeking to gain entrance into a facility. In addition, deployment of AVI systems enables building management and administrators to streamline and optimize vehicle traffic flow in order to ensure better physical security of the facility. Furthermore, AVI systems offer other advantages such as monitoring attendance and parking space management in the facility. Thereby, AVI systems have offered a viable solution for organizations to deploy enhanced security features at numerous entry points while causing minimal inconvenience to the incoming vehicular traffic. Automatic vehicle identification (AVI) systems encompass various hardware, software and services used for identification, validation and authorization of vehicle entry into the facility. The hardware segment comprises various access credentials, readers and cameras which are used for detection, identification and authorization of vehicles. A combination of the above mentioned components can be deployed at entry and exit points to ensure utmost physical security. In addition, various rule based entry systems can be created with the use of access control management software. The services segment encompass various design, implementation and maintenance services associated with the deployment of AVI systems.
End-users can choose from a wide array for identification technologies to be deployed at entry points. Depending on the level of security required and existing infrastructure, organizations can make use of technologies such as automatic number plate recognition (ANPR), proximity technology, ultra-high frequency (UHF) technology and microwave technology. Moreover, organizations can deploy systems using passenger identification, vehicle identification or integrated systems to achieve higher level of authorization. Such combinations of component and technology have led to higher affordability and popularity of AVI across the world. Thereby, the market has witnessed increased penetration in various sectors including residential, commercial, government and defense and industrial complexes.
Automatic vehicle identification (AVI) systems have become pivotal for various institutions all across the world due to rising threats, physical attacks and damage. Organizations from various end-use industries including banking and finance, education, healthcare, commercial, government, manufacturing and industrial, retail, events, transportation, residential, utilities and energy, among others seek to deploy physical security solutions to ensure safety for the property and personnel. In addition, rising threat of terrorism all across the globe has made it imperative for various organizations and governments to invest in latest and advanced security solutions to ensure public and private safety of physical sites and people visiting or working there. Some of the factors restraining the growth in this market include high initial costs, and lack of technological awareness, among others. However, with increasing demand for security and rising threats against numerous government and commercial buildings across the world, the overall AVI systems market is expected to witness substantial growth during the forecast period.
The report titled “Global Automatic Vehicle Identification (AVI) Systems Market- Growth, Future Prospects and Competitive Analysis, 2023 – 2030” offers strategic insights into the global AVI systems market along with the market size and estimates for the duration 2020 to 2030. The said research study covers in-depth analysis of multiple market segments based on component (hardware, software, and services), identification technology, end-use and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2021 & 2030. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing analysis on the types of AVI systems deployed at various end-use applications to ensure efficient traffic flow and effective security.
In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of AVI systems, market positioning, and key developments. Some of the major players profiled in the report are Nedap N.V., Confidex Ltd., STid, SHANGHAI RFIDHY TECH. CO., LTD. SMARTRAC N.V., Gilbarco, Inc., NXP Semiconductors N.V., TagMaster AB, TIBA LLC., and Orpak Systems Ltd.
Other in-depth analysis provided in the report includes:
Overall, the research study provides a holistic view of the global AVI systems market, offering market size and estimates for the period from 2023 to 2030, keeping in mind the above-mentioned factors.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Automatic Vehicle Identification (AVI) Systems market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
---|---|
Research Period | 2022-2032 |
Base Year | 2023 |
Forecast Period | 2024-2032 |
Historical Year | 2022 |
Unit | USD Million |
Segmentation | |
Component
| |
Identification Technology
| |
End-use
| |
Region Segment (2022-2032; US$ Million)
|
Key questions answered in this report