Traffic Sensor Market 2021 - Technological Growth, Industry Status, Trends, Demand and Forecast to 2031

New York, According to a new market research report published by Global Insight Services Traffic Sensor Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

A traffic sensor is a device that is used to detect and measure the volume of traffic on a road. Traffic sensors can be used to count the number of vehicles that pass a certain point on a road, or to measure the speed and flow of traffic. Traffic sensors can be used to help manage traffic congestion, and to help plan and design new roads and highways.

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Key Trends

There are several key trends in traffic sensor technology that are worth mentioning.

First, there is a trend towards miniaturization of sensors. This means that sensors are becoming smaller and more compact, making them easier to install and less obtrusive.

Second, there is a trend towards wireless sensors. This means that sensors are becoming more and more wireless, making them easier to install and less obtrusive.

Third, there is a trend towards more sophisticated sensors. This means that sensors are becoming more and more sophisticated, able to detect a wider range of traffic conditions.

Fourth, there is a trend towards more intelligent sensors. This means that sensors are becoming more and more intelligent, able to make better decisions about when and how to collect data.

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Key Drivers

The key drivers of Traffic Sensor market are:

• Increasing awareness of the benefits of traffic sensors
• The need for improved traffic management
• The need to reduce congestion and improve safety
• The increasing use of intelligent transportation systems

Market Segments

The Traffic Sensor Market is segmented by sensor type, technology, application and region. By sensor type the market is divided into inductive loop, piezoelectric sensor, bending plate, image sensor and others. Based on technology it is segmented into 2D sensor, 3D sensor, RFID, GSM and others. Based on application it is bifurcated into vehicle measurement and profiling, weigh in motion, traffic monitoring, automated tolling (E-Toll). Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Market Players

The Traffic Sensor Market includes players such as EFKON AG, Kapsch TrafficCom AG, International Road Dynamics, Inc., FLIR Systems, Inc., TE Connectivity Ltd., SWARCO AG, Sick AG, TransCore, Axis Communication AB and Raytheon Company.

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Reasons to buy Traffic Sensor Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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About Global Insight Services:

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

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