Press release
Traffic Sensor Market Growth, Business Opportunities, Share Value, Key Insights and Size Estimation by 2031 | EFKON AG, Kapsch TrafficCom AG, International Road Dynamics, Inc., FLIR Systems
Traffic Sensor 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.
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
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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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