Pedestrian detection system market is anticipated to grow at a significant CAGR of 14.5% during the forecast period (2024-2031).A Pedestrian Detection System (PDS) is a technology that uses sensors, cameras, and artificial intelligence (AI) to identify pedestrians near vehicles, helping to prevent or mitigate potential collisions. It is a type of Advanced Driver-Assistance System (ADAS) which is a part of almost all kinf of expensive vehicles and now companies are providing in lower segment vehicales as well
Connected truck market is anticipated to grow at a CAGR of 16.5% during the forecast period (2024-2031). Connected trucks are revolutionizing the transportation industry by integrating various technologies such as telematics, GPS, cellular connectivity, and sensors. These capabilities offer numerous benefits, from enhanced fleet management and improved safety to real-time communication and compliance with regulations.
Cold chain monitoring market is anticipated to grow at a CAGR of 20.4% during the forecast period (2023-2030). Cold chain monitoring is the use of technology to track the temperature and other conditions of perishable products throughout the supply chain, from the point of production to the point of consumption. This is essential to ensure that food and other products remain safe and fresh.
Tourism vehicle rental market is anticipated to grow at a significant CAGR of 8.1% during the forecast period. One of the key factors fueling the market growth includes the growing tourism industry across the globe. As per the World Bank’s 2019 data, international tourism, number of arrivals reached 2.4 billion which was 1.69 billion in 2009. Such high numbers of traveling have boosted the demand for the tourism vehicle rental market which is reflected in the active participation in the market.
DEF market is anticipated to grow at a considerable CAGR of 6.9% during the forecast period. DEF or AdBlue is a colorless, odorless, and non-flammable mixture of ammonia and de-ionized water with a 32.5% concentration of ammonia. Its application is to reduce NOx gases from the emission of a vehicle with the help of an SCR catalyst, tank, injector, and sensor. It also aids in breaking nitrogen and oxygen bond by combining nitrogen with nitrogen, and oxygen with hydrogen which emits nitrogen, and water vapors.
The global GPS bike computer market is anticipated to grow at a significant CAGR during the forecast period. A bike computer is a device that is mounted on a bicycle and displays and calculates trip data. It's similar to the speedometer/odometer found on a car's dashboard.
The global 2-5 MP high-speed camera market is expected to grow at a significant CAGR during the forecast period (2021-2027). A high-speed camera is an image capture device capable of recording pictures at speeds of up to 250 frames per second.