The traffic sensor is deployed on roads and have applications in vehicle measurement and profiling, weigh in motion, traffic monitoring, and automated tolling. The demand for traffic sensors is growing owing to the increasing demand for real-time information systems. Owing to the growing volumes of vehicles, companies operating in the traffic sensor market are focusing on the development of advanced and more efficient solutions.
MARKET DYNAMICS
Government initiatives to modify transport infrastructure, increasing urbanization, and increasing demand for real-time information systems are some of the significant factors driving the growth of the traffic sensor market. However, the high costs of these solutions might limit the growth of the traffic sensor market. The companies operating in the market are facing the challenge of deployment of multi-sensors for effective traffic control.
MARKET SCOPE
The "Global Traffic sensor Market Analysis to 2028" is a specialized and in-depth study of the traffic sensor market with a special focus on the global market trend analysis. The report aims to provide an overview of traffic sensor market with detailed market segmentation by type, application, and geography. The global traffic sensor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading traffic sensor market players and offers key trends and opportunities in the traffic sensor market.
MARKET SEGMENTATION
The global traffic sensor market is segmented on the basis of type and application. Based on type, the market is segmented as inductive loop, piezoelectric sensor, bending plate, image sensor, infrared sensor, radar sensor, Lidar sensor, magnetic sensor, acoustic sensor, and others. Based on application, the market is segmented as Vehicle measurement and profiling, weigh in motion, traffic monitoring, and automated tolling.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global traffic sensor market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The traffic sensor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting traffic sensor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the traffic sensor market in these regions.
MARKET PLAYERS
The reports cover key developments in the traffic sensor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from traffic sensor market are anticipated to lucrative growth opportunities in the future with the rising demand for traffic sensor market. Below mentioned is the list of few companies engaged in the traffic sensor market.
The report also includes the profiles of key traffic sensor market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- EFKON AG
- FLIR Systems, Inc.
- International Road Dynamics Inc.
- Kapsch TrafficCom AG
- Kyosan Electric Mfg. Co., Ltd.
- Sensor Line
- TE Connectivity
- TransCore
- Urbiotica
- Vossloh
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.