Global Traffic Sensor Market Is Estimated to grow at a CAGR of 8% from 2023

Pune, India, August 10, 2017 /MRFR Press Release/- Market Research Future published a half cooked research report on Global Traffic Sensor Market.

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.

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”.

Global Traffic Sensor Market Segmentation
The global Traffic Sensor Market 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.

Key Players:
The prominent players in the global traffic sensor market – 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. (US), Raytheon Company (US),  Sensys Networks, Inc. (US), Axis Communication AB (Sweden) and among others.

Market Research Analysis:
On geographic basis, global traffic sensor market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the traffic sensor market due to the major companies are investing for the production of these sensors. In this market, Europe is to be estimated to be the second largest market share for traffic sensor during the forecast period.

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