Global Vehicle Occupancy Detection System Market:
Global Vehicle Occupancy Detection System Market was valued US$ Mn in 2018 and is expected to reach US$ Mn by 2026, at CAGR of 12% during forecast period of 2019 to 2026.
Global Vehicle Occupancy Detection System Market Drivers and Restrains:
Vehicle occupancy detection system is the motion detecting evice, which is used to detect the presence of a vehicle automatically to control the traffic systems. Several countries are allow for the implementation of HOV/HOT lanes as a more sustainable option, mainly to tackle the growing issue of traffic congestion and encourage the use of public transport. Moreover, this is likely to decrease the overall release of harmful gases. To tackle this issue, the market players are focusing on the integration of AI into vehicle occupancy detection systems to attain advanced features and raise the whole system's accuracy.
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