automated barriers and bollards Market to grow with 3.3% CAGR during 2021 to 2031

The global automated barriers and bollards market was valued at US$ 1.5 billion in 2021 and it is anticipated to grow up to US$ 2.1 billion by 2031, at a CAGR of 3.3% during the forecast period.

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Automatic barriers and bollards are used either in combination or as single to ensure high security by preventing the entry of unauthorized vehicles, for example, to prevent burglars and thieves from entering the property. Automatic barriers and bollards restrict vehicle entry in multiple indoor and outside constructions, such as toll booths, high-security areas, and parking centres for offices, hotels, and shopping centres.

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Major Players in the Global Automated Barriers and Bollards Market
The key players studied in the global automated barriers and bollards market are AUTOMATIC SYSTEMS (Belgium), Avon Barrier Corporation Ltd (UK), Came S.p.A. (Italy), Houston Systems Private Limited (India), LBA group (France), Macs Automated Bollard Systems Ltd (UK), Magnetic Autocontrol GmbH (Germany), Nice S.p.A. (Italy), Omnitec Group (UAE), and RIB srl (Italy).

Global Automated Barriers and Bollards Market Segmental Overview
The report analyses the global automated barriers and bollards market based on product type, application, and region.

Global Automated Barriers and Bollards Market by Product Type

Based on product type, it is segmented into push button, remote controlled, RFID tags reader, loop detectors, and others. The RFID tags reader segment is expected to be the largest segment in the automated barriers and bollards market in 2021. Radio Frequency Identification refers to an auto-identification technology that uses radio frequencies to identify objects remotely. In an RFID integrated boom barrier, Electronic Product Code (EPC) is generated with encoded information called an RFID tag. This tag can be easily read from a considerable distance and identify the vehicle entering the premises.

Global Automated Barriers and Bollards Market by Application

Based on application, it is segmented into residential, commercial, and industrial. The commercial segment is expected to be the largest segment in the automated barriers and bollards market in 2021. The commercial segment dominated the global automated barrier and bollards market in 2021 and is anticipated to follow the same trend during the forecast period. Increasing adoption of advanced control systems and smart parking systems for parking and traffic management in major cities has become a need of the hour to improve the flow of vehicles throughout.

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