The increasing implementation of novel technologies, such as AI, ML, and IoT is giving rise to a new generation of solutions and products in the global vehicle occupancy detection system market. The increasing demand for novel and innovative products i.e. systems in developed as well as developing regions, such as Asia Pacific, Europe, and North America is also stimulating increased traction in the global vehicle occupancy detection system market. Key drivers for the growth within the global vehicle occupancy detection system market also include the rising volume of traffic congestions, increasing carbon emissions, and rising need to avoid road accidents and saving time in transportation.
The leading incumbent vendors and players working within the landscape of the global vehicle occupancy detection system market include Conduent Inc., IndraSistemas S. A., NEC Corporation of America, Xerox Corporation, Siemens, Fortran Traffic System Limited, Invision AI, and TransCore, among others. The service providers and players operational in the landscape of the global vehicle occupancy detection system market are engaged in the development of new and smart vehicle occupancy detection systems at low costs in a bid to attract more and more customers. They are also designing and developing new hybrid central systems leveraging modern technologies, such as artificial intelligence or AI, machine learning or ML, and the internet of things or IoT, among others.
The manufacturers and players in the global vehicle occupancy detection system market are also using new technologies and novel solutions, such as microwave sensing technologies that feature enhanced vehicle detection functionalities. Currently, the manufacturers and players in the global vehicle occupancy detection system market design and develop products and solutions that function on core technologies, such as ultrasonic as well as infrared and hybrid. They are also providing a high amount of products and devices that offer the scope of customization for the customer. They are also designing and producing novel solutions for usage in open retail parks as well as for traffic monitoring in busy high streets.