Inductive Loop Vehicle Detector Market to Witness Robust Expansion Throughout the Forecast Period 2022 - 2028

Inductive Loop Vehicle Detector Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Installation Type (Saw Cut Loop, Performed Loop); Channel (Single Channel, Dual Channel); Application (Traffic Management, Parking Management, Security Gates, Drive-thru Restaurants, Security Bollards, Others) and Geography"

Inductive loop is an electromagnetic detection system that utilizes a moving magnet to induce current and hence detect metal objects. This technique is a widely used vehicle detection technology. Inductive loop vehicle detectors find its applications in car parking management, traffic management, railways, sliding security gates, drive-thru restaurants, security bollards, heavy duty rolling doors and car wash equipment activation. The complete inductive loop vehicle detector system consists of a loop, loop wire and a detection unit.

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Companies Profiled in this report includes: Marsh Products, Inc.,  Nortech Access Control Ltd,  SWARCO AG,  PROCON,  Reno AandE,  Gate Drive Solutions Ltd.,  Omnitec Group,  Gate Depot,  Diamond Traffic Products,  Ampetronic Ltd.

MARKET DYNAMICS

Ongoing urbanization and improving urban infrastructure especially in developing countries are expected to generate healthy demand for inductive loop vehicle detector, as improving infrastructure will result in improved traffic management, parking management and security gates. The market is expected to witness robust demand from the traffic management application over the forecast period. The weather-independent structure of inductive loop vehicle detector is another factor resulting in increased adoption of this system. Furthermore, regions such as North America and Europe have a higher adoption rate of novel technologies, thus end-users readily install such technologies at locations such as commercial places, paid parking and drive-thru restaurants.

MARKET SEGMENTATION

The global inductive loop vehicle detector market is segmented on the basis of installation type, channel, application. On the basis of installation type, market is segmented as saw cut loop, performed loop. On the basis of channel, market is segmented as single channel, dual channel. On the basis of application, market is segmented as traffic management, parking management, security gates, drive-thru restaurants, security bollards, others

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global inductive loop vehicle detector market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The inductive loop vehicle detector market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting inductive loop vehicle detector market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the inductive loop vehicle detector market in these regions.

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