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Smart Speed Bumps Market Segmentation by Product (Speed Bump, Speed Hump, Speed Cushion and Speed Table); By End User (Domestic and Government); By Elements (Speed Detector, Controller, Mechanism of Retraction/Deployment of Bump and Internal Communication System); By Connection (Wired and Wireless) – Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of Smart Speed Bumps Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Introduction

Smart speed bumps are considered to be one of the most effective devices to slow down the traffic in high pedestrian areas. Swedish company Edeva designed the smart speed bump called Actibump. These speed breakers have a speed detector in them that opens and closes according to the vehicle’s speed. This makes it different from normal speed breakers since it allows emergency vehicles to go without any interference. As the world is becoming more used to smart technologies, speed bumps may lead the market in the upcoming years.

Market Size and Forecast

Smart speed bumpers are estimated to present a great opportunity to take over the conventional speed breakers. These contain sensors which open for the vehicles that are exceeding the speed limit and remain closed for the vehicles which are maintaining their speed limit, i.e., they can cross the road without any speed breaker.

The global smart speed bump market is anticipated to record a significant CAGR throughout the forecast period, i.e. 2020-2028. The market is segmented by product, by end user, by elements, by connection and by region out of which, the product segment is further segmented into speed bump, speed hump, speed table and speed cushion. Today, in almost every country, the traditional speed breakers are used, however, as the world is shifting from conventional technology to smart technology, smart speed bumpers are predicted to become a great option. Additionally, there are a limited number of companies in the world presently which manufacture such breakers; hence it is a great opportunity for them to earn more revenue. CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers

Better than the conventional speed breakers

The major benefit of smart speed bumps is that they only open for those who are exceeding the speed limit and hence do not affect the people who follow the guidelines for the maximum speed allowed.

Rising demand of smart technology

In these modern times, there is a shift from conventional technology to smart technology, i.e., people today are becoming smart with respect to the dynamic technology. This is anticipated to bring greater opportunities for the companies to earn more profit through the manufacturing of smart speed bumps.

Advantage for emergency vehicles

Normal speed breakers are for everyone including the emergency vehicles. But smart speed bumps may give relaxation to these vehicles as they have sensors which allow emergency vehicles to pass through, even at higher speeds.

Restraints

High price and maintenance cost

Smart speed breakers are much costlier as compared to normal speed breakers since they require sensors in order to read the speed of the cars and open accordingly. Moreover, their maintenance cost is high as well, which is predicted to limit the market growth in coming years.

Might damage cars running at moderate speeds

Smart speed breakers have a particular speed set and if any car exceeds the speed, they open automatically. One major disadvantage of these speed bumps estimated to restrict the market growth is that they open even when a car is running at a moderate speed causing damage to the car’s shock absorption system.

Operational difficulty during snow conditions

An important limitation of smart speed bumps is that they face difficulty during snowy conditions as the snow gets underneath the panels and interferes with the movement of the device.

Market segmentation

Our in-depth analysis of smart speed bumps market includes the following segments:

By product:

  • Speed Bump
  • Speed Hump
  • Speed Cushion
  • Speed Table

By end user

  • Domestic
  • Government

By elements:

  • Speed detector
  • Controller
  • Mechanism for retraction/deployment of the bump
  • Internal Communication System

By Connection

  • Wired
  • Wireless

By Region

On the basis of regional analysis, the smart speed bumps market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The market in Europe is anticipated to hold the largest share as these smart speed bumps were first installed in Sweden’ s Linkoping and have spread to different states like Uppsala and Malmo. These speed breakers are predicted to observe a greater growth in future in the countries which are developed, have less traffic and areas where there is less or no snowfall.

The global smart speed bumps market is further classified on the basis of regions as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Top Featured Companies Dominating the Market

Currently, Edeva is the only company which deals in smart speed bumps. These speed breakers consist of speed detectors which open and close according to the vehicles speed. Additionally, other market players are working towards innovations of these speed breakers. 


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