Global Automatic Vehicle Identification System Market Set to Reach $xx Billion by 2028 with a CAGR of 10.8%, Powered by Rising Demand for Automated Parking Solutions

In a recent report published by Dataintelo, the global Automatic Vehicle Identification System (AVIS) market is slated to experience a significant surge from USD 3.02 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 in 2021 to a predicted USD xx 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 by 2028. This projected growth, at a compound annual growth rate (𝐂𝐀𝐆𝐑) of 10.8%, is primarily driven by an escalating demand for automated parking solutions and a rise in security concerns.

The automatic vehicle identification system has emerged as an integral component, particularly in the context of escalating concern for enhanced security and the pressing need for automated parking solutions. This system proves to be particularly beneficial in residential gated communities and corporate or business complexes, thereby catalyzing its adoption rate. As per the findings of the study, these factors are anticipated to fuel the expansion of the AVIS market in the stated forecast period.

However, the report mentions a potential challenge that might limit the market growth. The high installation cost of the AVIS systems has been identified as a significant restraining factor that may affect market growth. Nonetheless, the numerous advantages attributed to the implementation of the Automated Vehicle Identification System are believed to outweigh the impediment in the long run.

As the market continues to evolve rapidly, stakeholders and key players are gearing up to navigate transformations and seize the plethora of opportunities aligned with this surge in the Automatic Vehicle Identification System (AVIS) market. Industry players are making strategic moves to leverage the proliferating market demands, which in turn will shape future trends and set new standards in the global AVIS market landscape

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/225108

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The automatic vehicle identification system market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Hardware
● Software
● Services

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Residential Gated Communities
● Commercial and Municipal Lots
● Corporate or Business Campuses
● Colleges and Universities Facilities
● Medical Centers and Hospitals

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Smartrac
● Infronics Systems
● NXP
● Nedap
● FEIG ELECTRONIC
● Litum
● Avante
● deister electronic UK Ltd.
● Coselec Pte Ltd



The automatic vehicle identification system market is segmented based on type, application, and region. The type segment is further divided into hardware, software, and services. Hardware includes devices like transponders, antennae, and other reading equipment while software refers to the various management and tracking systems. The services segment encompasses installation, training, maintenance, and support services. The application segment ranges from residential gated communities, commercial and municipal lots, corporate or business campuses, colleges and universities facilities, and medical centers. The market segmentation allows for a comprehensive understanding of the market, aiding in effective strategy development and resource allocation.

Regional segmentation of the automatic vehicle identification system market encompasses Asia Pacific, North America, Latin America, Europe, Middle East, and Africa. North America holds a significant share because of the high adoption of advanced vehicle identification systems in various sectors including healthcare, corporate campuses, etc. The Asia-Pacific region is expected to grow rapidly due to rapid urbanization and the increasing need for organized vehicle management in densely populated areas. Europe, on the other hand, is driven by stringent regulations and the need for enhanced security. The Middle East and Africa are expected to witness steady growth due to increasing infrastructure development. Key players in this market include Smartrac, Infronics Systems, NXP, Nedap, FEIG ELECTRONIC, Litum, Avante, deister electronic UK Ltd., and Coselec Pte Ltd

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/225108

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 for Automatic Vehicle Identification System market:

1. Increase in demand for security and surveillance in vehicles: The rising need for security measures in both commercial and personal vehicles has significantly bolstered the growth of the Automatic Vehicle Identification System market.

2. Rapid Urbanization and development of smart cities: As more cities become "smart," the requirement for high-tech solutions, such as automatic vehicle identification systems, for traffic management is increasing.

3. Technological advancements in the Automotive Industry: Growing integration of advanced technologies such as AI and machine learning in the field of automotive has been a significant driver for the market. The automation of vehicle identification processes enhances efficiency and improves service quality.

4. Increasing vehicle thefts: Growing incidents of vehicle thefts worldwide is increasing the popularity of automatic vehicle identification systems.

5. Increase in demand for wireless vehicle charging: The demand for wireless vehicle charging, particularly for electric cars, has necessitated the integration of automatic vehicle identification systems. These systems are used to identify the vehicle and authorize the charging session.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫Automatic Vehicle Identification System market:

1. Increasing investment in Transportation Infrastructure: As countries continue to modernize their transportation infrastructure, the need for advanced systems like automatic vehicle identification would increase.

2. Establishment of smart parking facilities: The establishment of smart parking projects in major cities around the world offers new 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫the Automatic Vehicle Identification Systems Market.

3. Partnerships with Government Agencies: Many local and national governmental bodies are now focusing on digitalizing their transportation network. There could be significant opportunities if these companies can partner with such agencies for mutual benefits.

4. EV charging infrastructure: As the number of electric vehicles increases, so does the demand for EV charging stations. These stations will require automatic identification systems to manage and monitor charging activities.

5. Insurance companies: Automatic vehicle identification systems can provide detailed data about a car's usage, which can be valuable to insurance companies for calculating premiums and managing risk. This potential data sale or partnership is another opportunity in this market

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