The major factors responsible for driving the growth of vehicle occupancy detection system

Urge to enhance customer satisfaction by promoting up-selling, cross-selling, customer loyalty and retention are some of the major factors responsible for driving the growth of vehicle occupancy detection system market. In addition to this, development of intelligent tolling systems to regulate HOV lanes is anticipated to provide ample of growth opportunities to the players operating in the vehicle occupancy detection system market.

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The integration of video imagery to check high occupancy vehicles (HOV) lanes is driving the development of vehicle occupancy detection systems. Moreover, this system gives new solutions to traffic safety and roadway congestion in urban areas, scope of vehicle occupancy detection system is broadening.

Some of the key players influencing the market are

Conduent, Inc., Fortran Traffic Systems Limited, Siemens Mobility (Siemens AG), HELLA GmbH & Co. KGaA, Indra Sistemas, S.A., Invision AI, Inc., NOVELIC, NEC Corporation, TransCore (Roper Technologies), Texas Instruments Incorporated