Traffic Sensors Market 2022 Size, share 2022, Top Leading Countries, Market Revenue, Industry Forecast 2028 - Research by Market Insights Reports

Traffic Sensors Market With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the future term, this market research study keeps a close eye on major rivals. It's a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The Traffic Sensors market also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate strategies.

The Traffic Sensors was valued at USD 271.97 million in 2020 and is expected to reach USD 434.0 million by 2027 and grow at a CAGR of 8.1% over the forecast period (2022-2028).

Top Key Players are covered in this report: Kapsch TrafficCom AG, International Road Dynamics, Inc., Kistler Group, Flir Systems, Inc., TE Connectivity Ltd, SWARCO AG, Q-Free ASA, SICK AG, Raytheon Company, Siemens AG,

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Recent Developments:

January 2018 - Ericsson will provide its Connected Urban Transport solution for the City of Dallas' Advanced Traffic Management System. The solution is designed to ease traffic congestion by the use of an interface to automate and facilitate systems monitoring, performance monitoring, management, and maintenance, with the ability to share data across cities and countries. The solution is expected to allow the City of Dallas to expand its knowledge about traffic issues and assist with operational decision making to improve traffic flow.

Key Market Trends:

Installation of traffic sensors will now be an integral part of traffic monitoring and to analyze the pattern of the moving vehicles and their interaction in the traffic. This is expected to help in enhancing the efficiency in traffic management, such as jams.

- Since there is a significantly increasing number of commercial vehicles, the players and institutions are coming up with advanced traffic monitoring systems. For instance, the Indian Institute of Technology (IIT) Delhi, India completed the prototype of smart traffic monitoring systems on the campus.

The regions are further sub-divided into:

North America - US, Canada, and Mexico
Europe - UK, Germany, France, Italy, Russia, Spain & Rest of Europe
Asia-Pacific - China, India, Japan, South Korea, Australia & Rest of APAC
Latin America - Brazil, Argentina, Peru, Chile & Rest of Latin America
Middle East and Africa - Saudi Arabia, UAE, Israel, South Africa

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Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Traffic Sensors market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Traffic Sensors market, the years measured, and the study points.

Company Profile: Each company in this market sector is screened based on its goods, value, SWOT analysis, capacity, and other key characteristics.

Manufacture by region: This Global Traffic Sensors Market report offers data on imports and exports, sales, production and key companies in all studied regional markets

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