Market Research Future published a research report on “Traffic Sensor Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India -- (SBWire) -- 04/19/2018 --Market Highlights

The study reveals that traffic sensor is trending in North America region. The traffic sensors demand is growing very rapidly as it offers dynamic range to check large to small vehicles, permanent or temporary installation, high signal to noise ratio for ease of signal processing and others. The sensors are available for speed detection, classifying, high speed toll booths, high level of uniformity needed for WIM applications.
In North America region, the traffic monitoring systems demand is increasing with the growing road traffic. These system are embedded with the video capturing devices that offers real-time monitoring on the road areas such as toll highways, bridges, bypasses and underpasses. In the traffic monitoring, the piezoelectric sensors are used in applications such as weigh-in-motion, vehicle classification and others.

The radar sensors is integrated with Wi-Fi which is being used as it can detect and provide the information of vehicle with the accuracy of 95% approximately. These sensors are widely used in North America region as it can work in adverse conditions and performance which is not affected by dirt, smog, fog, sunlight, wind, sandstorms or extreme temperatures.

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The global traffic sensor market is growing rapidly over ~8% of CAGR and is expected to reach at USD ~ 385 Million by the end of forecast period.

Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on "The Global Traffic Sensor Market Research Report -Forecast to 2023".

Key Players

The prominent players in the Global Traffic Sensor Market are – TE Connectivity Ltd. (Switzerland), Kistler Group (Switzerland), SWARCO AG (Austria), Sick AG (Germany), LeddarTech Inc. (Canada), Siemens AG (Germany) , International Road Dynamics, Inc. (Canada), FLIR Systems, Inc. (U.S.), Axis Communication AB (Sweden), Raytheon Company (U.S.), Sensys Networks, Inc. (U.S.) and among others.

Industry News

September 2017 – SWARCO Parking & eMobility UK has been awarded official Go Ultra Low Company status. The award is recognised for its commitment to sustainability reflected in its current and future plans for the use of electric vehicles (EVs) in its fleet. The company specializes in development of solutions for the safe management and access of vehicles and people in SMART cities and environments.

February 2018 – Atlanta Streetcar will take on predictive maintenance under the partnership with Siemens. Streetcar maintenance will provide transition from corrective to preventative with the use of a digital platform to analyse and gather data in order to predict the problems. This data analysis will help the company in reducing costs and preventing service interruptions and hence will improve the streetcar availability.

Global Traffic Sensor Market Segmentation

The global traffic sensors are bifurcated into technology, sensors type, applications, and region. The technology includes RFID, 3D/2D, GSM and others. The sensors types includes LiDAR sensors, radar sensors, magnetic sensors, piezoelectric sensors, image sensors and others. The applications includes laser measurement systems, electronic toll collection system, hot spot detection system, road tunnel sensors system and others. The region includes North America, Europe, Asia Pacific and rest of the world.

Regional Overview

North America is expected to remain the most lucrative market for traffic sensor in 2018 and beyond. Favourable government policies and presence of leading market players is supporting the growth of the market in the region. In addition, rapid adoption of next-gen traffic management system has been instrumental in driving the demand for traffic sensor in North America. Collection of statistical data associated with lane management, direction, average vehicle speed, traffic headway and volume occupancy has been made easier with integration of traffic sensors. During the review period, the Europe traffic sensor market is also expected exhibit at healthy CAGR. Improvement in traffic management system and increased investment in R&D activities for developed advance traffic solutions are two of the major factors influencing the market in Europe.

Global Market for Sensor Patch – Segmental Analysis

MRFR in its report has segmented the market in into technology (GSM, 3D/2D, RFID and other), sensors types (radar sensors, image sensors, piezoelectric sensors, LiDAR sensors, magnetic sensors and others), application (electronic toll collection system, road tunnel sensors system, laser measurement systems, hot spot detection system, and others) and regions (Asia Pacific, Europe, North America and rest of the world).

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Intended Audience

- Traffic Sensor manufacturing companies
- Product sales and distribution companies
- Government regulatory authorities
- Semiconductor companies
- Traffic sensor providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators

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