Automatic Vehicle Identification (AVI) Market was valued at USD 6.78 Billion in 2022 and is projected to reach USD 12.42 Billion by 2030, growing at a CAGR of 7.89% from 2024 to 2030.
As of 2023, the demand for AVI systems is poised for continued growth, with projections indicating an even greater demand over the next decade, reaching up to 2033. This shift is largely fueled by the increasing focus on autonomous vehicles and the evolving role of smart cities. AVI systems are expected to play a central role in future transportation networks by offering seamless and real-time vehicle identification, contributing to a reduction in road traffic congestion and improving the efficiency of transportation management systems. Additionally, the rise of electric vehicles (EVs) and their integration into tolling systems also provides a unique market opportunity for AVI solutions.
The market demand for AVI solutions is being shaped by numerous factors, including advancements in AI and machine learning technologies that enable more precise and faster identification systems. Furthermore, governmental investments in smart infrastructure projects have also made AVI systems more accessible and cost-effective. Over the next decade, automated tolling, parking management systems, and border control are expected to continue to drive the growth of the AVI market, especially in regions with high urbanization rates. As smart cities emerge, AVI technologies will be integral in ensuring the seamless movement of people and goods, while also reducing environmental impact through optimized traffic flows.
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The Automatic Vehicle Identification (AVI) market has experienced substantial growth from 2018 to 2022, driven by innovations in vehicle tracking and tolling systems. The increasing need for traffic management and smarter transportation solutions during this period has pushed demand for AVI solutions. With advancements in RFID (Radio Frequency Identification) technology, Automatic Number Plate Recognition (ANPR), and smart sensors, the adoption of AVI solutions across sectors such as tolling, access control, and fleet management has significantly surged. The integration of these technologies in urban areas, where congestion and traffic control are critical issues, helped drive adoption.
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Siemens
Bosch
3M
Vigilant Solutions
Vysionics
ARH
CA Traffic
Digital Recognition Systems
FLIR Systems
Image Sensing Systems
NDI Recognition Systems
LILIN
TitanHz
FIDA Systems Ltd.
Selex ES
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automatic Vehicle Identification (AVI) Market
Traffic Management
Parking
Based on Types the Market is categorized into Below types that held the largest Automatic Vehicle Identification (AVI) market share In 2023.
Fixed
Mobile
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automatic Vehicle Identification (AVI) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automatic Vehicle Identification (AVI) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automatic Vehicle Identification (AVI) Market, By Type
6. Global Automatic Vehicle Identification (AVI) Market, By Application
7. Global Automatic Vehicle Identification (AVI) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automatic Vehicle Identification (AVI) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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