The Fog Detectors Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Fog Detectors Global Market Report 2024, The fog detectors market size has grown strongly in recent years. It will grow from $2.55 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to aviation safety advancements, transportation infrastructure improvement, industrial operations optimization, weather prediction and monitoring, automotive safety improvements.
The fog detectors market size is expected to see strong growth in the next few years. It will grow to $3.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to healthcare facility safety, fog detection in renewable energy, integration in industrial iot, adoption in autonomous vehicles, emerging technologies in sensing. Major trends in the forecast period include fog detection in urban planning, fog detection in agriculture, enhanced data visualization, artificial intelligence integration, multi-sensor fusion technology.
The increasing number of fog-related accidents is expected to propel the growth of the fog detectors market going forward. Fog and other low-visibility circumstances have a significant impact on weather-related crashes. Fog can make it extremely challenging to see nearby objects such as pedestrians, other vehicles, road signs, or real estate. Fog detectors are the devices that identify changes in the weather and provide alerts or triggers when visibility drops below a given level to reduce accidents or collisions. For instance, in February 2023, according to the US Department of Transportation, a US-based executive department of the federal government, there were more than 38,700 car accidents in fog per year. Each year, these collisions result in the deaths of over 600 people and the injuries of over 16,300. Therefore, the increasing number of fog-related accidents is driving the growth of the fog detectors market.
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The fog detectors market covered in this report is segmented –
1) By Type: Portable Type, Fixed Type
2) By Technology: LiDAR-Based Fog Detectors, Infrared-Based Fog Detectors, Ultrasonic-Based Fog Detectors, Microwave-Based Fog Detectors, Other Technologies
3) By Application: Bridge Navigation, Met-Hydro Systems, Port And Harbor, Other Applications
4) By End-Use Industry: Aviation And Aerospace, Transportation And Logistics, Manufacturing And Warehousing, Oil And Gas, Maritime And Ports, Other End-User Industries
Use of artificial intelligence is the key trend gaining popularity in the fog detectors market going forward. Major companies operating in the fog detectors market are focusing on increasing the use of AI in their fog detector offerings. For instance, in May 2022, Dahua Technology, a China-based technology company, introduced the latest AI features to the Dahua WizSense solution portfolio, including IP cameras, PTZ cameras, NVRs, and XVRs. WizSense is focused on human and vehicle recognition with enhanced AI capabilities for image, video, and search operations, among other features. It uses an independent AI chip and a deep learning algorithm. A new feature is Dahua’s AI scene self-adaption (SSA). Intelligent image technology leverages powerful deep learning algorithms to evaluate specific scenes (rain and fog, backlight, Anti-flicker Scene adaptation, etc.) and automatically adjust exposure parameters to ensure high image quality.
The fog detectors market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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