"This Feasibility Study of SV2 project ""Machine Vision System for Road Safety Inspection"", developed by the company Engineering and Machine Vision (INVAR), as set out in the Grand Agreement nº696854 with the Executive Agency for Small and Medium-sized Enterprises (EASME), is part of Phase I of the SME Instrument (H2020-SMEINST-1-2015) in the topic ""Small business Innovation Research for Transport"" (IT-1-2015-1).
The competitive advantage of SV2 project lies in an increased performance of current roads inspection process, which means saving money (over than 95% respect on foot inspection), optimization of available resources and improving road safety.
The result of the recording and measuring campaigns with the specialized vehicle (equipped with cameras, sensors, GNSS, and using machine vision-based technology as a differentiator in the recognition of road equipment), is the updated inventory of characteristics which serves as a basis for developing inspection reports and road safety audits.
According to customer needs, SV2 can offer the kilometer at three different levels (inventory, inspection and audits) and targets companies related with road conservation and maintenance, motorway and highways concessionaries, engineering and consulting companies, road safety auditors and public or private administrations with competence in the management of road infrastructure networks.
In the EU, with more than 5 million km of roads, it is planned for the first five (5) years of activity, reaching a market share next to 1.5 %, with a strategy of gradual implementation taking into account EU countries with more potential network length (Spain, France, Portugal, Italy, United Kingdom and Germany).
Estimates based on market exploration, recorded for the fifth year a volume of incomes around 1.5 million EUR, with annual net income of 0.7 million EUR. It is planned to create 23 jobs during initial period, the acquisition of 3 vehicles for recording and measurement, a computer network for image processing with machine vision, and also a web platform to manage the information.
SV2 is an ambitious project, that at social level increases road safety for European citizens, and whose economic impact means optimizing required resources and saving costs resulting from accidents and field data collection process.
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