Fog Detectors Global Market Report 2024

Fog detectors are devices designed to identify alterations in visibility levels and are employed to manage navigational aids when visibility decreases below a predetermined threshold. Fog detection involves analyzing the backscattering halo or veil formed around a light source.

The primary classifications of fog detectors are portable and fixed. Portable fog detectors are compact devices utilized for detecting fog or mist in the surroundings. These devices find applications across various settings such as bridge navigation, meteorological and hydrological systems, port and harbor operations, among other uses.

The fog detectors market research report is one of a series of new reports from The Business Research Company that provides fog detectors market statistics, including fog detectors industry global market size, regional shares, competitors with a fog detectors market share, detailed fog detectors market segments, market trends and opportunities, and any further data you may need to thrive in the fog detectors industry. This fog detectors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The fog detectors market size has grown strongly in recent years. It will grow from $2.55 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth observed in the historical period can be attributed to several contributing factors. These include advancements in aviation safety measures, improvements in transportation infrastructure, optimization of industrial operations, advancements in weather prediction and monitoring technologies, and enhancements in automotive safety standards. These factors collectively contributed to the growth and development of fog detectors during the historical period, as these detectors play a crucial role in various sectors, ensuring safety and operational efficiency in adverse weather conditions.

The fog detectors market size is expected to see strong growth in the next few years. It will grow to $3.27 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecasted period can be associated with several factors. These include an increased focus on healthcare facility safety, the expanding use of fog detection in renewable energy applications, integration into the Industrial Internet of Things (IIoT) for industrial purposes, adoption of fog detection technology in autonomous vehicles, and the emergence of new sensing technologies. Key trends expected in this forecasted period encompass the utilization of fog detection in urban planning initiatives, application of fog detection in agriculture for improved efficiency, advancements in data visualization techniques for fog-related information, integration of artificial intelligence into fog detection systems, and the development of multi-sensor fusion technology. These trends are likely to influence and propel the growth of fog detection technology in diverse sectors in the forecasted period.

The anticipated surge in fog-related accidents is poised to drive the growth of the fog detectors market. Low-visibility conditions, particularly during fog, significantly contribute to weather-related accidents. Fog creates challenges in discerning nearby objects such as pedestrians, vehicles, road signs, and infrastructure. Fog detectors play a crucial role in identifying weather changes, issuing alerts or triggers when visibility drops below a specified level, thereby mitigating the risk of accidents or collisions. As of February 2023, the US Department of Transportation reported an alarming figure of over 38,700 car accidents occurring in fog annually. These incidents result in the tragic loss of over 600 lives and injuries to more than 16,300 individuals each year. Consequently, the escalating number of fog-related accidents serves as a catalyst for the growth of the fog detectors market.

The escalating issue of traffic congestion is expected to propel the growth of the fog detector market. Traffic congestion, characterized by an imbalance between the demand for vehicular travel and available road capacity, leads to slower speeds, extended travel times, and a decrease in overall transportation system efficiency. Fog detectors play a crucial role in traffic congestion management systems by monitoring and identifying areas with high vehicle density, enabling timely interventions to alleviate congestion. In January 2023, a report from Government Technology revealed that drivers collectively spent nearly 4.8 billion hours in traffic during 2022 in the United States. According to the report, the average American driver incurred a loss of $869 in 2022 due to traffic delays, compared to $305 in 2021. Consequently, the persistent issue of rising traffic congestion acts as a key driver for the growth of the fog detector market.

The adoption of artificial intelligence (AI) emerges as a pivotal trend gaining traction in the fog detectors market. Leading companies in the sector are directing their efforts towards integrating AI into their fog detector solutions. A notable example is Dahua Technology, a China-based technology company, which, in May 2022, introduced advanced AI features to its Dahua WizSense solution portfolio. This comprehensive offering spans IP cameras, PTZ cameras, NVRs, and XVRs, with a specific focus on human and vehicle recognition. WizSense incorporates enhanced AI capabilities for image, video, and search operations, powered by an independent AI chip and a deep learning algorithm. A noteworthy feature is Dahua's AI scene self-adaption (SSA), utilizing powerful deep learning algorithms to assess specific scenes, such as rain and fog, backlight, Anti-flicker Scene adaptation, automatically adjusting exposure parameters to ensure high image quality. The integration of AI marks a significant stride in advancing the capabilities of fog detectors.

Major players are driving innovation through the development of wireless sensors, addressing the need for broader customer reach, increased sales, and revenue growth. Wireless sensors are devices equipped with sensing capabilities to measure and collect data from their surroundings, communicating this information wirelessly to a central system or other connected devices. A prime example is Haltian Ltd., a Finland-based provider of Internet of Things (IoT) solutions, which launched Haltian RADAR in April 2021. This innovative wireless sensor is designed specifically for vehicle detection, offering a versatile solution for various parking applications. RADAR employs radio wave signals to accurately measure the distance between the sensor and the vehicle, ensuring precise identification of vehicle movement. Notably, RADAR excels in detecting vehicle occupancy or presence, providing real-time data to the Haltian backend and the customer's application. Its seamless installation capability in parking slots or loading docks, resistance to natural interferences, and applicability in diverse conditions position Haltian RADAR as a cutting-edge wireless sensor solution in the fog detectors market.

In May 2022, Vance Street Capital, a private equity firm headquartered in the United States, successfully acquired Carmanah Technologies Corporation for an undisclosed sum. This acquisition underscores Vance Street's commitment to advancing an all-encompassing Intelligent Transportation System (ITS) platform aimed at enhancing traffic and pedestrian safety. The strategic alignment between Vance Street's vision and Carmanah's positive perspective on the expanding market for pedestrian and driver safety is evident in this acquisition.

Major companies operating in the fog detectors market report are Siemens AG, Honeywell International Inc., Johnson Controls International PLC, Xylem (Tideland), Drager, Axis Communications AB, Vaisala Oyj, EMCORE Corporation, Campbell Scientific Inc., Orga BV, All Weather Inc., Pharos Marine Automatic Power Limited, Rainwise, La Semaforica Srl, Rokem Group, Belfort Instrument Company, Sabik Marine (Carmanah), Semprong Sakti Utama, Sice Srl, G. Lufft Mess- und Regeltechnik GmbH, Bristol Industrial & Research Associates Ltd., Davis Instruments, Columbia Weather Systems, Shandong Renke Control Technology Co.Ltd., High Sierra Electronics Inc.

North America was the largest region in the fog detectors market in 2023. The regions covered in the fog detectors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the fog detectors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The fog detectors market consists of sales of infrared (IR) proximity sensors and IR transmitters. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Fog Detectors Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on fog detectors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for fog detectors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The fog detectors market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: Siemens AG; Honeywell International Inc.; Johnson Controls International PLC; Xylem (Tideland); Drager
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.