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.
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Frequently Asked Questions (FAQ)
Smart Speed Bumps Market size is poised to witness lucrative growth rate during the forecast period i.e., between 2025-2037.
Smart Speed Bumps Market size is poised to witness lucrative growth rate during the forecast period i.e., between 2025-2037.
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.
The major players in the market are Edeva, and others.
