Published on : Nov 14, 2019
Albany, New York, November 14, 2019: Vehicle occupancy detection system helps roadways agencies to enhance safety on HOV and HOT lanes. They are placed on HOV lanes top to detect violators. Mobile vehicle occupancy detection system is one of its viable forms that enables transportation as per traffic needs.
HOV lanes are eyed as sustainable option to tackle various road transport issues that include traffic congestion and less use of public transport. These lanes are also expected to reduce harmful emissions of transport sector. Increase in implementation of HOV lanes boosts global vehicle occupancy detection system market.
Global vehicle occupancy detection system is anticipated to grow at ?12% CAGR of the forecast period 2019-2027. An intelligence report titled, “Vehicle Occupancy Detection System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
Government initiatives positively influence market
Infrared technology is generating opportunities in global vehicle occupancy detection system market. These vehicle detection system have become advanced and are equipped with multiple components that include infra-red detector, aerial photographer and video data collector.
North America was assessed to be a prominent region in global vehicle occupancy detection system market in the year 2018. Demand of vehicle occupancy detection system has increased in North America, allowing it to maintain its dominance in the forecast period 2019-2027. U.S turned out to be significant contributor in North American market growth on the backdrop of huge investments for technological innovations in the concerned area. Multiple factors including increased adoption of vehicle occupancy detection system, extensive R&D activities and government initiatives towards HOT/HOV lanes construction have cumulatively enhanced Asia Pacific’s participation in global vehicle occupancy detection system market. Europe is expected to rank third in global vehicle occupancy detection system market in the forecast period.
Key players profiled in global vehicle occupancy detection system market include Siemens, NEC Corporation of America, Fortran Traffic Systems Limited, Invision AI, Indra Sistemas and TransCore.
Global vehicle occupancy detection system market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global vehicle occupancy detection system market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global vehicle occupancy detection system market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on global vehicle occupancy detection system market.
An insightful and deep-dive assessment of the competitive assessment of the Global vehicle occupancy detection system market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global vehicle occupancy detection system market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global vehicle occupancy detection system market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global vehicle occupancy detection system market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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