Traffic Sensor Global Market – Overview
The global traffic sensor market is showing immense growth; mainly due to the increasing demand for real-time information systems and growing urbanization are the major factors responsible for driving the growth of traffic sensor market. Growing need for real time monitoring systems in order to gain information related to traffic for real time analytics is one major factor driving the growth of traffic sensor market. Technological advancements have played a major role in the development of traffic sensor market. Steep increase in the adoption of traffic sensor solutions and software is one major factor driving the growth of traffic sensor market.
Kapsch TrafficCom AG, International Road Dynamics, Inc., FLIR Systems, Inc., TE Connectivity Ltd., Kistler Group, SWARCO AG, and SICK AG are the major investors in the traffic sensor market. Growing urbanization and population is another major factor driving the growth of traffic sensor market. Also, increasing government initiatives to modify transport infrastructure is responsible for driving the growth of the market. Moreover, increasing adoption of analytics based transport solutions is expected to drive the growth of Traffic Sensor Market.
By application, the traffic monitoring application segment is expected to hold the largest market share of the global traffic sensor market. This is owing to the increasing demand for real-time monitoring of specific situations and road areas such as toll highways and bridges. Traffic monitoring seamlessly allows real time monitoring of such situations and also provides information about road mobility and traffic in order to enhance road safety. According to a recent study report published by Market Research Future, the global market of Traffic Sensor is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023).
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/4032
Traffic Sensor Global Market – Segmentation
The traffic sensor market can be classified into 3 key segments for the convenience of the report and enhanced understanding;
- Segmentation by Sensor Type: Comprises of Inductive Loops, Piezoelectric Sensors, Image Sensors, Infrared Sensors, LiDAR Sensors, Radar Sensors, Magnetic Sensors, Acoustic Sensors and Thermal Sensors
- Segmentation by Application: Comprises of Vehicle Measurement & Profiling, Weigh In Motion (WIM), Traffic Monitoring and Automated Tolling (e-Toll)
- Segmentation by Region: Comprises of Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Key Players
The prominent players in the Global Traffic Sensor Market are – TE Connectivity Ltd. (Switzerland), Kistler Group (Switzerland), SWARCO AG (Austria), Sick AG (Germany), LeddarTech Inc. (Canada), Siemens AG (Germany) , International Road Dynamics, Inc. (Canada), FLIR Systems, Inc. (U.S.), Axis Communication AB (Sweden), Raytheon Company (U.S.), Sensys Networks, Inc. (U.S.) and among others.
Traffic Sensor Global Market – Regional Analysis
North America is expected to witness a significant growth and hold the largest market share during the forecast period. U.S and Canada are anticipated to drive the growth of the traffic sensor market in North America owing to the presence of a large number of established key players such as International Road Dynamics, Inc., FLIR Systems, Inc., Raytheon Company (U.S.), and Sensys Networks, Inc. among others. Also, U.S. is leading the market in North America due to the technological advancements and increasing demand for real time monitoring of traffic situations in the region. Traffic sensor market in Asia Pacific is expected to grow at a substantial CAGR during 2017 to 2023 owing to growing population and increased urbanization in China, Japan, and India in the region. Whereas, the Europe market for traffic sensor is expected to grow at a considerable CAGR (2017-2023).
Get Complete Report @ https://www.marketresearchfuture.com/reports/traffic-sensor-market-4032
TABLE OF CONTENTS
1 Market Introduction
1.1 Introduction
1.2 Scope Of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure:
1.3.1 Global Traffic Sensor Market: By Technology
1.3.2 Global Traffic Sensor Market: By Sensor Typ
1.3.3 Global Traffic Sensor Market: By Application
1.3.4 Global Traffic Sensor Market: By Region
2 Research Methodology
2.1 Research Sensors Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
4 Executive Summary
Continued…
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/traffic-sensor-market-4032