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Cleared Paths: Artificial Intelligence Takes the Lead in Fog Detectors Market Trends || Thermo Fisher Scientific Inc., Lonza Group AG, Bio-Techne Corp
Fog Detectors Market
The Business Research Company's Fog Detectors Global Market Report 2023 identifies 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.
The global fog detectors market is expected to grow from $2.41 billion in 2022 to $2.55 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The fog detectors market is expected to reach $3.10 billion in 2027 at a CAGR of 5.0%.
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Major competitors in the fog detectors market are Siemens AG, Honeywell International Inc., Johnson Controls International PLC, Xylem (Tideland), Dräger, Axis Communications AB, Vaisala Oyj, EMCORE Corporation, Campbell Scientific Inc., Orga BV, All Weather Inc., Pharos Marine Automatic Power Limited, Rainwise.
A key trend in the fog detectors market includes use of artificial intelligence. 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.
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The fog detectors market 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
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the fog detectors market.
The Business Research Company's "Global Fog Detectors Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Fog Detectors Market Include:
1. Executive Summary
2. Fog Detectors Market Characteristic
3. Fog Detectors Market Trends And Strategies
4. Fog Detectors Market - Macro Economic Scenario
5. Fog Detectors Market Size And Growth
……………
27. Fog Detectors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Fog Detectors Market
29. Fog Detectors Market Future Outlook And Potential Analysis
30. Appendix
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