Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Smart Speed Bumps Market size is poised to witness lucrative growth rate during the forecast period i.e., between 2025-2037.
Smart speed bumpers are estimated to present a great opportunity to take over the conventional speed breakers. These contain sensors which open for the vehicles that are exceeding the speed limit and remain closed for the vehicles which are maintaining their speed limit, i.e., they can cross the road without any speed breaker.
Smart Speed Bumps Sector: Growth Drivers and Challenges
Growth Drivers
- Better than the conventional speed breakers: The major benefit of smart speed bumps is that they only open for those who are exceeding the speed limit and hence do not affect the people who follow the guidelines for the maximum speed allowed.
- Rising demand of smart technology: In these modern times, there is a shift from conventional technology to smart technology, i.e., people today are becoming smart with respect to the dynamic technology. This is anticipated to bring greater opportunities for the companies to earn more profit through the manufacturing of smart speed bumps.
- Advantage for emergency vehicles: Normal speed breakers are for everyone including the emergency vehicles. But smart speed bumps may give relaxation to these vehicles as they have sensors which allow emergency vehicles to pass through, even at higher speeds.
Challenges
- High price and maintenance cost: Smart speed breakers are much costlier as compared to normal speed breakers since they require sensors in order to read the speed of the cars and open accordingly. Moreover, their maintenance cost is high as well, which is predicted to limit the smart speed bumps market growth in coming years.
- Might damage cars running at moderate speeds: Smart speed breakers have a particular speed set and if any car exceeds the speed, they open automatically. One major disadvantage of these speed bumps estimated to restrict the smart speed bumps market growth is that they open even when a car is running at a moderate speed causing damage to the car’s shock absorption system.
- Operational difficulty during snow conditions: An important limitation of smart speed bumps is that they face difficulty during snowy conditions as the snow gets underneath the panels and interferes with the movement of the device.
Smart Speed Bumps Segmentation
The smart speed bumps market is segmented by product, by end user, by elements, by connection and by region out of which, the product segment is further segmented into speed bump, speed hump, speed table and speed cushion. Today, in almost every country, the traditional speed breakers are used, however, as the world is shifting from conventional technology to smart technology, smart speed bumpers are predicted to become a great option. Additionally, there are a limited number of companies in the world presently which manufacture such breakers; hence it is a great opportunity for them to earn more revenue.
Our in-depth analysis of the global smart speed bumps market includes the following segments
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By end user |
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By elements
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By Connection |
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Customize this ReportSmart Speed Bumps Industry - Regional Synopsis
On the basis of regional analysis, the smart speed bumps market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Europe industry is estimated to dominate majority revenue share by 2037, as these smart speed bumps were first installed in Sweden’ s Linkoping and have spread to different states like Uppsala and Malmo. These speed breakers are predicted to observe a greater growth in future in the countries which are developed, have less traffic and areas where there is less or no snowfall.
Companies Dominating the Smart Speed Bumps Landscape
- Edeva
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- others
In the News
Author Credits: Saima Khursheed
- Report ID: 2498
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT