Press release
Traffic Sensor Market 2018 Global Leaders Analysis: Siemens AG, TE Connectivity, Kistler Group, SWARCO AG, LeddarTech, FLIR Systems, Raytheon Company, Sensys Networks
Market Highlights
The study reveals that traffic sensor is trending in North America region. The traffic sensors demand is growing very rapidly as it offers dynamic range to check large to small vehicles, permanent or temporary installation, high signal to noise ratio for ease of signal processing and others. The sensors are available for speed detection, classifying, high speed toll booths, high level of uniformity needed for WIM applications.
In North America region, the traffic monitoring systems demand is increasing with the growing road traffic. These system are embedded with the video capturing devices that offers real-time monitoring on the road areas such as toll highways, bridges, bypasses and underpasses. In the traffic monitoring, the piezoelectric sensors are used in applications such as weigh-in-motion, vehicle classification and others.
The radar sensors is integrated with Wi-Fi which is being used as it can detect and provide the information of vehicle with the accuracy of 95% approximately. These sensors are widely used in North America region as it can work in adverse conditions and performance which is not affected by dirt, smog, fog, sunlight, wind, sandstorms or extreme temperatures.
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The global traffic sensor market is growing rapidly over ~8% of CAGR and is expected to reach at USD ~ 385 Million by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Traffic Sensor Market Research Report -Forecast to 2023”.
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).
Industry News
September 2017 – SWARCO Parking & eMobility UK has been awarded official Go Ultra Low Company status. The award is recognised for its commitment to sustainability reflected in its current and future plans for the use of electric vehicles (EVs) in its fleet. The company specializes in development of solutions for the safe management and access of vehicles and people in SMART cities and environments.
February 2018 – Atlanta Streetcar will take on predictive maintenance under the partnership with Siemens. Streetcar maintenance will provide transition from corrective to preventative with the use of a digital platform to analyse and gather data in order to predict the problems. This data analysis will help the company in reducing costs and preventing service interruptions and hence will improve the streetcar availability.
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Intended Audience
• Traffic Sensor manufacturing companies
• Product sales and distribution companies
• Government regulatory authorities
• Semiconductor companies
• Traffic sensor providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
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