Traffic Sensors Market at a CAGR of 7.83% Rising Enterprise Efficiency and Dominated by Top Competitors (EFKON AG, Kapsch TrafficCom AG, TransCore, Kistler Group, Flir Systems, SWARCO AG, Q-Free ASA, SICK AG) and Foreseen Till 2023

Marketprognosis.com Publish a New Market Research Report On “Global Traffic Sensors Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Traffic Sensors Market:

The Global Traffic Sensors Market is expected to register a CAGR of 7.83% during the forecast period (2018 - 2023).

The report is segmented by sensors into the inductive loop, piezoelectric sensor, bending plate, image sensor, and infrared sensor. The report is also segmented by application type into vehicle measurement and profiling, weigh in motion, traffic monitoring, and automated tolling. Sensors are necessary for traffic monitoring for real-time analysis and also to capture data.

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Globalization, population growth, and urbanization are overwhelming the transportation systems around the world, many of which were built to accommodate a fraction of the current load. To gain greater insight into the mobility patterns, cities can integrate traffic sensors that are built into the physical infrastructure using vision-based systems, vehicles as mobile sensors, and computer-aided decision-making tools that are based on specific real-world scenarios. This provides transportation managers a significantly clearer view of current situations. Cities cannot afford to make mistakes when building their transportation networks. Thus, installing traffic sensor is becoming increasingly necessary for more and more cities.

Radar sensors are resistant to lightning and other weather conditions, such as fog, rain, or hazy conditions, compared to other detection technologies, such as image sensors, which acts as a major driving factor for the growth of the market for radar sensors. Due to the increasing purchasing power of the millennial population, there is a continuous demand for passenger cars. According to OICA, global passenger count was estimated to be 72.10 million units in 2016 and the demand is expected to continue during the forecast period. Therefore, the radar sensors are also expected to grow to monitor the traffic.

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North America contains some of the most urbanized landscapes in the world. In the United States and Canada, approximately 80% of the population is in the urban area. These volumes of urbanization create challenges for government to manage traffic. This high rate of the population living in urban areas makes it necessary to manage traffic with the use of traffic sensors. Automobiles in North America are expected to grow at more than 5% CAGR in the forecast period.

Major Key Players:

1 EFKON AG

2 Kapsch TrafficCom AG

3 TransCore

4 International Road Dynamics, Inc.

5 Kistler Group

6 Flir Systems, Inc.

7 TE Connectivity Ltd

8 SWARCO AG

9 Q-Free ASA

10 SICK AG and More…………….

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

3 Which are the leading market products, applications & regions and how will they perform by 2023?

4 What are the technologies & innovation trends, how will they evolve by 2023?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Traffic Sensors Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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