Traffic Sensor Market Size, Share, Analysis Report

Traffic Sensor Market By Technology Type (RFID, 3D/2D, GSM); By Sensor Type (LiDAR sensors, Radar sensors, Magnetic sensors, Piezoelectric sensors, Image sensors); By Application Type (Laser measurement systems, Electronic Toll Collection System, Hot spot detection system, Road tunnel sensors system) and by Regional Analysis - Global Forecast by

The Global Traffic Sensor Market is expected to be around US$ 560 Million by 2027 at a CAGR of 8.5% in the given forecast period.

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MARKET SNAPSHOT

Major Players

  • Raytheon Company
  • TE Connectivity Ltd
  • Sensys Networks, Inc
  • FLIR Systems, Inc
  • Kistler Group
  • Study period:

    2022-2027

    Base Year:

    2021

    CAGR:

    8

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The traffic observance is rising trend and growing with the massive demand within the traffic sensors market. These observance offers traffic information sensors and systems for vehicle classification, shaft investigating, over height, and 3D vehicle identification. While, the electronic toll assortment is integrated with advanced RFID and GSM technology for the identification of traffic signals, and vehicle speed measuring.

    How Big is The Global Traffic Sensor Market?

    The Global Traffic Sensor Market is expected to be around US$ 560 Million by 2027 at a CAGR of 8.5% in the given forecast period.

    The major driving factors of Global Traffic Sensor Market are as follows:

    • Growing Need for Real-Time Information System
    • Government Initiatives to Modify Transport Infrastructure
    • Increasing Urbanization and Population

    The restraining factors of Global Traffic Sensor Market­ are as follows:

    • High Cost

    The Global Traffic Sensor Market is segmented on the lines of its technology, sensor type, application and regional. Based on technology type segmentation it covers RFID, 3D/2D, GSM and Others. Based on technology it covers LiDAR sensors, Radar sensors, Magnetic sensors, piezoelectric sensors, Image sensors and others. Based on application type it covers Laser measurement systems, Electronic Toll Collection System, Hot spot detection system, Road tunnel sensors system and others. Global Traffic Sensor Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geographic market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    This report provides:
     
    1) An overview of the global market for Global Traffic Sensor Market and related technologies.
    2) Analyses of global market trends, with data from 2016, estimates for 2017 and 2018, and projections of compound annual growth rates (CAGRs) through 2025.
    3) Identifications of new market opportunities and targeted promotional plans for Global Traffic Sensor Market.

    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

    Report scope:

    The scope of the report includes a detailed study of Global Traffic Sensor Market with the reasons given for variations in the growth of the industry in certain regions.

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Raytheon Company (U.S.), Sensys Networks, Inc. (U.S.), FLIR Systems, Inc. (U.S.), TE Connectivity Ltd. (Switzerland), Kistler Group(Switzerland). Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
    The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

    The Global Traffic Sensor Market has been segmented as below:

    By Technology Type:

    • RFID
    • 3D/2D
    • GSM
    • Others

    By Sensor Type:

    • LiDAR sensors
    • Radar sensors
    • Magnetic sensors
    • Piezoelectric sensors
    • Image sensors
    • Others

    By Application Type:

    • Laser measurement systems
    • Electronic Toll Collection System
    • Hot spot detection system
    • Road tunnel sensors system
    • Others

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Reasons to Buy this Report:

    1) Obtain the most up to date information available on all Global Traffic Sensor Market.

    2) Identify growth segments and opportunities in the industry.

    3) Facilitate decision making on the basis of strong historic and forecast of Global Traffic Sensor Market.

    4) Assess your competitor’s refining portfolio and its evolution.

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    1 INTRODUCTION    
       1.1    Key Take Aways    
        1.2    Report Description    
        1.3    Markets Covered    
        1.4    Stakeholders    
        1.5    Research Methodology    
            1.5.1    Market Size    
            1.5.2    Market Share    
            1.5.3    Key Data Points From Secondary Sources    
            1.5.4    Key Data Points From Primary Sources

    2 Research Methodology 
        2.1 Research Data 
               2.1.1 Secondary Data
                        2.1.1.1 Key Data From Secondary Sources
               2.1.2 Primary Data
                        2.1.2.1 Key Data From Primary Sources
                        2.1.2.2 Key Industry Insights
                        2.1.2.3 Breakdown of Primaries
        2.2 Demand-Side and Supply-Side Analysis of the Traffic Sensor Market 
               2.2.1 Demand-Side Analysis
                        2.2.1.1 Total Number of Vehicles Produced
               2.2.2 Supply-Side Analysis
                        2.2.2.1 Development of Efficient Communication Technologies
        2.3 Market Size Estimation 
               2.3.1 Bottom-Up Approach
               2.3.2 Top-Down Approach
        2.4 Market Breakdown & Data Triangulation 
        2.5 Research Assumptions

    3 Executive Summary 

    4 Premium Insights 
        4.1 Attractive Market Opportunities in the Traffic Sensor Market 
        4.2 Traffic Senor Market, By Sensor Type, 2018 vs 2024 (USD Million) 
        4.3 Traffic Sensor Market, By Application and By Region 
        4.4 Traffic Sensor Market, By Geography

    5 Market Overview 
        5.1 Introduction 
        5.2 Market Dynamics 
               5.2.1 Drivers
                        5.2.1.1 Growing Need for Real-Time Information System
                        5.2.1.2 Government Initiatives to Modify Transport Infrastructure
                        5.2.1.3 Increasing Urbanization and Population
               5.2.2 Restraints
                        5.2.2.1 High Cost and Fulfillment of Fundamental Requirements for the Installation of Nonintrusive Sensors
               5.2.3 Opportunities
                        5.2.3.1 Growth in Cycling Infrastructure Leading to Higher Adoption of Bicycle Counting Sensors
                        5.2.3.2 Adoption of Analytics-Based Transport Solutions
               5.2.4 Challenges
                        5.2.4.1 Deployment of Multi-Sensor for Effective Traffic Control

    6 Traffic Sensor Market, By Sensor Type 
        6.1 Introduction 
        6.2 Piezoelectric Sensor 
               6.2.1 Ceramic
               6.2.2 Quartz
        6.3 Bending Plate 
        6.4 Inductive Loop 
        6.5 Magnetic Sensor 
        6.6 Acoustic Sensor 
        6.7 Infrared Sensor 
        6.8 Image Sensor 
        6.9 Radar Sensor 
        6.10 LiDAR Sensor 
        6.11 Thermal Sensor

    7 Traffic Sensor Market, By Application 
        7.1 Introduction 
        7.2 Vehicle Measurement and Profiling 
               7.2.1 Vehicle Profiling
               7.2.2 Axle Counting
        7.3 Weigh in Motion 
               7.3.1 Weight Enforcement
               7.3.2 Weight-Based Toll Collection
               7.3.3 Traffic Data Collection
        7.4 Traffic Monitoring 
               7.4.1 Vehicle Counting
               7.4.2 Bicycle Counting
               7.4.3 Vehicle Motion Tracking
        7.5 Automated Tolling (E-Toll)

    8 Geographic Analysis 
        8.1 Introduction 
        8.2 North America 
               8.2.1 Us
                        8.2.1.1 Growing Demand for Traffic Control and Management Projects
               8.2.2 Canada
                        8.2.2.1 Government Initiatives to Implement Various Traffic Management Solutions
               8.2.3 Mexico
                        8.2.3.1 Deployment of Automated Toll Plaza Increasing Demand for Traffic Sensors
        8.3 Europe 
               8.3.1 Germany
                        8.3.1.1 Focusing on the Technological Enhancement
               8.3.2 France
                        8.3.2.1 Several Initiatives By the Government
               8.3.3 Uk
                        8.3.3.1 Use of Traffic Sensors With Implementation of Surveillance Systems, and Various Traffic Control and Management Systems
               8.3.4 Russia
                        8.3.4.1 Ongoing Projects for Weight Enforcement
               8.3.5 Spain
                        8.3.5.1 Increasing Adoption of Traffic Sensors Due to Extensive Network of Roads
               8.3.6 Italy
                        8.3.6.1 Tendency to Implement Various Traffic Solutions
               8.3.7 Rest of Europe
        8.4 APAC 
               8.4.1 China
                        8.4.1.1 Rapid Developments to Improve Transportation Industry
               8.4.2 Japan
                        8.4.2.1 Focus on Implementation of E-Tolls
               8.4.3 Australia
                        8.4.3.1 Investments By Government to Implement Various Traffic Management Solutions
               8.4.4 Rest of APAC
                        8.4.4.1 Deployment of Various Traffic Sensors to Collect Traffic Data
        8.5 RoW 
               8.5.1 Middle East and Africa
                        8.5.1.1 Government Investments Contributing to Growth of Traffic Sensor Market
               8.5.2 South America
                        8.5.2.1 Increasing Use of Traffic Sensors for Various Applications
                        8.5.2.2 Brazil
                                   8.5.2.2.1 Huge Potential for Traffic Sensor-Related Projects
                        8.5.2.3 Rest of South America
                                   8.5.2.3.1 Investing on Expansion of Roadways

    9 Competitive Landscape 
        9.1 Overview 
        9.2 Market Ranking for Traffic Sensor Market 
        9.3 Competitive Leadership Mapping 
               9.3.1 Visionary Leaders
               9.3.2 Dynamic Differentiators
               9.3.3 Innovators
               9.3.4 Emerging Companies
        9.4 Competitive Benchmarking 
               9.4.1 Strength of Product Portfolio (25 Companies)
               9.4.2 Business Strategy Excellence (25 Companies)
        9.5 Competitive Scenario 
        9.6 Recent Developments 
               9.6.1 Partnerships/Agreements/Collaborations/Contracts
               9.6.2 Product Launches
               9.6.3 Mergers & Acquisitions
               9.6.4 Expansions

    10 Company Profiles 
         10.1 Introduction 
         10.2 EFKON AG 
         10.3 Kapsch TrafficCom AG 
         10.4 TransCore 
         10.5 International Road Dynamics, Inc. 
         10.6 Kistler Group 
         10.7 Flir Systems, Inc. 
         10.8 TE Connectivity Ltd. 
         10.9 SWARCO AG 
         10.10 Q-Free ASA 
         10.11 SICK AG 
         10.12 Axis Communications AB 
         10.13 Raytheon Company 
         10.14 Siemens AG 
         10.15 Key Innovators and Start-Ups 
                 10.15.1 Sensys Network, Inc.
                 10.15.2 LeddarTech Inc
                 10.15.3 Image Sensing Systems, Inc. (ISS)
                 10.15.4 AGD Systems Ltd.
                 10.15.5 JENOPTIK AG
                 10.15.6 Miovision Technologies Inc.
                 10.15.7 Diablo Controls Inc.

    The Global Traffic Sensor Market has been segmented as below:

    By Technology Type:

    • RFID
    • 3D/2D
    • GSM
    • Others

    By Sensor Type:

    • LiDAR sensors
    • Radar sensors
    • Magnetic sensors
    • Piezoelectric sensors
    • Image sensors
    • Others

    By Application Type:

    • Laser measurement systems
    • Electronic Toll Collection System
    • Hot spot detection system
    • Road tunnel sensors system
    • Others

    By Regional Analysis:

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

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    The market is expected to grow at a CAGR of 8.5% during the study period (2022-2027)
    The Global Traffic Sensor Market is expected to be around US$ 568 Million by 2027
    The segment included in Traffic Sensor Market is Technology, Sensor, Application and region.
    Some key players operating in the Traffic Sensor Market include Raytheon Company (U.S.), Sensys Networks, Inc. (U.S.), FLIR Systems, Inc. (U.S.), TE Connectivity Ltd. (Switzerland), Kistler Group(Switzerland)
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