Press release
Traffic Sensor Market 2018 by Global Key Leaders: LeddarTech, TE Connectivity, Kistler Group, Raytheon Company, Sensys Networks, Sick AG, Axis Communication AB
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”.
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.
Segments:
The global traffic sensor market has been segmented on the basis of technology, sensors type, applications, and region.
Global Traffic Sensor Market by Technology:
• RFID
• 3D/2D
• GSM
• Others
Global Traffic Sensor Market by Sensors Type:
• LiDAR sensors
• Radar sensors
• Magnetic sensors
• Piezoelectric sensors
• Image sensors
• Others
Global Traffic Sensor Market by Applications:
• Laser measurement systems
• Electronic Toll Collection System
• Hot spot detection system
• Road tunnel sensors system
• Others
Global Traffic Sensor Market by Regions:
• North America
• Europe
• APAC
• Rest of the World
Regional Analysis
The regional analysis of traffic sensor market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of largest market share in traffic sensor market owing to the government investments in the production of different types of sensors including magnetic sensors, piezoelectric sensors, image sensors, and the expansion by key traffic sensor manufacturers.The traffic sensor market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and South Korea is an emerging market for traffic sensor market and expected to be the highest CAGR in the coming years.
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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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