Automated Barriers and Bollards Market Size, Growth Strategies, Competitive Landscape, Factor Analysis, 2030
The Automated Barriers and Bollards Market is expected to grow from USD 2,406.9 Million in 2021 to USD 3223.65 Million by 2030, at a CAGR of 3.35% during the forecast period. Rise in roadways construction due to urbanization, increase in number of toll booths in developed as well as developing countries, emergence of several smart city programs, rise in demand of Automatic Number Plate Recognition (ANPR) technology for vehicle surveillance and need for better crowd and parking management solutions, for preventing unauthorized access, e.g. avoiding burglars and thieves from entering into the property are some of the driving factors of the market. Rising adoption of innovative technologies which integrates hardware and software in different sectors including construction, traffic and road management is anticipated to drive automated barrier and bollards market size in the forecast period. Increasing utilization of automated solutions including wireless technologies has resulted in