Market Overview:
Automatic vehicle identification (AVI) system is a technique used for vehicle identification, it deals with increasing the flexibility and scalability, that today's world needs. The automatic vehicle identification system offers security and security from traffic and other vehicle-related matters, providing accurate, up-to-date information, and better analysis. With the growing number of crimes, vehicle-related crimes, frauds, and demand for efficiency and automated enforcement the global automatic vehicle identification system market is expected to grow in the forecasted year.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Nedap (Netherlands), Gilbarco Veeder-Root (Dubai), Avante International Technology, Inc. (United States), Smartrac N.V. (Netherlands), FEIG ELECTRONIC GmbH (Germany), Litum Technology Inc. (Turkey), NXP Semiconductors (Netherlands), Deister Electronic (UK) Ltd. (United Kingdom), TagMaster Group (Sweden), Orpak Systems Ltd. (Israel) and Infronics Group (India) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Vendors of Automatic Vehicle Identification (AVI) Systems Market Study:
Nedap (Netherlands), Gilbarco Veeder-Root (Dubai), Avante International Technology, Inc. (United States), Smartrac N.V. (Netherlands), FEIG ELECTRONIC GmbH (Germany), Litum Technology Inc. (Turkey), NXP Semiconductors (Netherlands), Deister Electronic (UK) Ltd. (United Kingdom), TagMaster Group (Sweden), Orpak Systems Ltd. (Israel) and Infronics Group (India)
Automatic Vehicle Identification (AVI) Systems Market Segment Analysis
Scope | Sub-Segments |
---|
Application / End User | Electronic Toll Collection, Residential Gated Community, Government and Defense, Medical Centers and Hospitals and Others |
Type | AVI System Tags, AVI System Labels, AVI System Readers and Others |
Components | Hardware,Software,Services |
Technology | Proximity Technology,Microwave Technology,Uhf Technology |
Influencing Trend:
Surging Demand for RFID Technology in Automatic Vehicle Identification (AVI) Systems and The Advent of IoT-Enabled Automatic Vehicle Identification Systems
Market Growth Drivers:
Growing Need for Traffic Safety and Security in Developing Economies, Rising Number of Vehicle-Related Frauds and Increasing Demand for Systems for Efficiency and Automated Enforcement
Challenges:
The lack of uniform standards for AVI technologies and protocols can pose challenges
Restraints:
Stringent Regulatory Guidelines Might be the Hindrance for Market
Opportunities:
Emerging Parking and Mobility Industry Across the World and Technological Advancement in Automatic Vehicle Identification System
Some of the other players that are also part of study are Coselec Pte Ltd. (Singapore) and Confidex Ltd. (China).
Latest Industry Highlights:
A family of top-side cooled RF amplifier modules from NXP Semiconductors had been released. They are based on packaging innovation that enables thinner and lighter radios for 5G infrastructure
Invenco, a top international supplier of open-platform retailing and payment hardware and software solutions, was acquired by Vontier Corporation in a deal that had been previously publicized. To support the growth of their software-enabled workflow solutions and subscription business model, Invenco works as a component of Gilbarco Veeder-Root (GVR), an operating company within the Mobility Technologies platform
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Automatic Vehicle Identification (AVI) Systems market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Automatic Vehicle Identification (AVI) Systems market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Automatic Vehicle Identification (AVI) Systems Manufacturers, Automatic Vehicle Identification (AVI) Systems International Traders, Automatic Vehicle Identification (AVI) Systems Distributors and Suppliers, Research and Development Institutes, Potential Investors, Industry Associations, Regulatory Bodies, Upstream and Downstream Buyers and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.