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The automated barriers and bollards market size is forecast to increase by USD 349.1 million at a CAGR of 4.5% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Automated barriers and bollards are essential components of vehicle access control systems in various infrastructure applications, including toll booths, parking lots, high security facilities such as malls, theatres, residential buildings, office spaces, stadiums, military facilities, airports, and embassies. These systems utilize technologies like RFID and loop detectors for efficient and secure vehicle management solutions. The push button system and pressure sensors are common features in manual barriers, while automation and quick functioning are crucial factors in enhancing public safety concerns in the face of rising crime rates and criminal activity, traffic offenses, and gang activity. Commercial buildings and building premises also benefit from these systems to ensure access control and security on the pavement surface.
Similarly, public infrastructure projects such as roads, bridges, walkways, and government infrastructure require durable barriers and bollards for effective traffic management and protection against unauthorized vehicle entry. RFID technology plays a significant role in enabling contactless and efficient access control. The durability and reliability of these systems are essential to ensure the safety and security of people and assets in various applications.
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The boom barriers segment was valued at USD 838.60 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market encompasses various types of access control systems used in roadways infrastructure, including push button, remote-controlled, RFID tags reader, and loop detectors. These systems are increasingly being adopted in residential, commercial, and industrial settings for toll booth installations, managing vehicular movement in highways, high-speed rail, and smart parking systems. Automation in the automation field is driving the demand for advanced technologies such as Internet of Things, artificial intelligence, and machine learning. These systems offer numerous benefits, including cashless transactions through e-payment options, smart cities development, and enhanced security in high-security areas, parking areas, retail outlets, offices, hotels, sports centers, and more.
Additionally, the integration of RFID tags and loop detectors enables seamless and efficient vehicle identification and access control. Moreover, the use of automated bollards in infrastructure projects and FDI inflows in sectors like food courts, theaters, shows, and street construction is expected to boost market growth. Vehicular movement through tollgates and boundary entryways is streamlined, ensuring smooth traffic flow and improved safety.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing adoption of automatic tolling systems is the key driver of the market.
Smart operation of automated barriers and bollards via IoT and cloud is the upcoming trend in the market.
High costs associated with deployment and maintenance of automated barriers and bollards is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing demand for efficient and secure roadways infrastructure. Automated barriers and bollards are essential components of toll booth installations and high-security areas, including highways, high-speed rail, and smart cities. These barriers come in various forms such as push button and remote-controlled, making them convenient for different applications. Advancements in technology have led to the integration of RFID tags readers, loop detectors, and automation field in these barriers. The use of automation in toll lanes and parking areas is becoming increasingly popular due to the adoption of cashless transactions, e-payment options, and artificial intelligence.
In summary, the Internet of Things (IoT) and machine learning are also playing a crucial role in the growth of the market. The implementation of smart parking systems and driverless vehicles requires automated bollards for efficient and secure movement of vehicles. Infrastructure projects and FDI inflows are expected to boost market growth in the coming years. Automated bollards are also used in residential, commercial, and industrial applications, including boundary entryways, street construction, tollgates, and high-security areas. The market is expected to witness significant growth due to the increasing demand for security and automation in various sectors. In conclusion, the market is expected to grow significantly due to the increasing demand for efficient and secure roadways infrastructure, integration of technology, and the need for automation and security in various sectors.
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Market Scope |
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Report Coverage |
Details |
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Page number |
138 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
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Market growth 2024-2028 |
USD 349.1 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.23 |
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Key countries |
US, Italy, UK, Germany, and China |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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