Traffic Sensor Market 2018 Global Leaders Overview: LeddarTech, FLIR Systems, Raytheon Company, Sensys Networks, TE Connectivity, Kistler Group, SWARCO AG, Sick AG

Market Research Future published a research report on “Traffic Sensor Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario

In North America region, the radar sensors has huge in demand as it is integrated with advanced 3D technology. These sensors are used for accurate vehicle counting, speed and classification, lane and on/off ramp monitoring and others. These sensors provide the solution that can collect the statistical data including direction, lane, volume, occupancy, average speed, gap, headway and others. In North America region, the edge radar technology is leading in the market and growing at the constant rate. In the road traffic management applications, the edge radar technology are used for stop bar and advance detection, which is driving the traffic sensor market.

The traffic monitoring is emerging trend and growing with the huge demand in the traffic sensors market. These monitoring offers traffic data sensors and systems for vehicle classification, axle counting, over height, and 3D vehicle profiling. While, the electronic toll collection is integrated with advanced RFID and GSM technology for the identification of traffic signals, and vehicle speed measurement.

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The global traffic sensor market is expected to grow at USD ~385 Million by 2023, at ~8% of CAGR between 2017 and 2023.

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 - 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.

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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