
Published On: Feb 2022
Published On: Feb 2022
According to a new market research study on “North America Tailgating Detection System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 29.25 million by 2028 from US$ 20.76 million in 2021. The market is estimated to grow at a CAGR of 5.0% from 2021 to 2028. The report provides trends prevailing in the North America tailgating detection system market along with the drivers and restraints pertaining to the market growth. Rising investments in data centers is the major factor driving the growth of the North America tailgating detection system market. However, issues associated with the dominance of legacy systems for security detection hinder the growth of North America tailgating detection system market.
The North America tailgating detection system market is segmented into type, application and country. Based on type, the North America tailgating detection system market is segmented into imaging measurement systems and non-imaging systems. The non-imaging systems segment dominated the market in 2020 and imaging measurement systems segment is expected to be the fastest growing during the forecast period. Based on application, the North America tailgating detection system market is segmented into commercial and government departments & organizations. The commercial segment dominated the market in 2020 and is expected to be the fastest growing during the forecast period. Based on country, the tailgating detection system market is classified into US, Canada, and Mexico.
Owing to COVID-19 a significant number of manufacturing plants were temporarily shut or operating with minimum workforce; the supply chain of components and raw material was disrupted; these are some of the critical challenges faced by the manufacturers in North America. Since the US has one of the largest construction industries, the demand for tailgating detection systems is always high. Further, according to Associated General Contractors, 40% of construction firms laid off staff due to COVID-19. Thus, a slowdown in the construction industry had led to delays in construction project completion which subsequently affected the tailgating detection system market in 2020. However, from the Q1 of 2021 construction projects were resumed and new construction was also initiated in the region which positively affected the tailgating detection system market in North America.
ACTi Corporation; AllGoVision Technologies Pvt Ltd; Detex Corporation; Integrated Design Ltd; Kouba Systems; and Optex Co., Ltd. are among the leading companies in the North America tailgating detection system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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