According to a new market research report published by Global Insight Services “Traffic Sensor Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A traffic sensor is a device that is used to detect and measure the volume of traffic on a road. Traffic sensors can be used to count the number of vehicles that pass a certain point on a road, or to measure the speed and flow of traffic. Traffic sensors can be used to help manage traffic congestion, and to help plan and design new roads and highways.
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Key Market Players
The Traffic Sensor Market includes players such as EFKON AG, Kapsch TrafficCom AG, International Road Dynamics, Inc., FLIR Systems, Inc., TE Connectivity Ltd., SWARCO AG, Sick AG, TransCore, Axis Communication AB and Raytheon Company.
Key Trends
There are several key trends in traffic sensor technology that are worth mentioning.
First, there is a trend towards miniaturization of sensors. This means that sensors are becoming smaller and more compact, making them easier to install and less obtrusive.
Second, there is a trend towards wireless sensors. This means that sensors are becoming more and more wireless, making them easier to install and less obtrusive.
Third, there is a trend towards more sophisticated sensors. This means that sensors are becoming more and more sophisticated, able to detect a wider range of traffic conditions.
Fourth, there is a trend towards more intelligent sensors. This means that sensors are becoming more and more intelligent, able to make better decisions about when and how to collect data.
Key Drivers
The key drivers of Traffic Sensor market are:
– Increasing awareness of the benefits of traffic sensors
– The need for improved traffic management
– The need to reduce congestion and improve safety
– The increasing use of intelligent transportation systems
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Market Segments
The Traffic Sensor Market is segmented by sensor type, technology, application and region. By sensor type the market is divided into inductive loop, piezoelectric sensor, bending plate, image sensor and others. Based on technology it is segmented into 2D sensor, 3D sensor, RFID, GSM and others. Based on application it is bifurcated into vehicle measurement and profiling, weigh in motion, traffic monitoring, automated tolling (E-Toll). Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Reasons to buy Traffic Sensor Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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About Global Insight Services:
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