Traffic Sensor Market Research Report - Global Forecast 2027

Traffic Sensor Market, By Technology (RFID, GSM, 3D/2D), Sensor Type (LiDAR Sensors, Radar Sensors, Magnetic Sensors, Piezoelectric Sensors, Image Sensors), By Applications (Traffic Monitoring, Vehicle Measurement, Weigh In Motion) - Forecast 2027

ID: MRFR/SEM/2715-HCR | February 2021 | Region: Global | 100 pages

Market Overview


Traffic sensors are made up of a magnetic device that detects and indicates the levels of traffic present on the road. It monitors the patterns of vehicles and their movements. It is a smart way of controlling the traffic. Advanced devices, such as infrared radar, laser technique, and video detection are used to control the mobility of traffic. It evenly distributed the traffic and provides hassle-free movement on the roads. Traffic sensors can be used in areas where traffic management is difficult during peak hours. These sensors also work efficiently in the areas of intersections and bottleneck lanes.


Traffic Sensor Market Size is anticipated to increase at a faster rate in the coming future. Traffic Sensor Market Share will rise with a CAGR of 8.94% by the year 2023. The total Traffic Sensors Market Revenue amounted to USD 205.7 billion in the year 2016. It is anticipated to touch the total worth of USD 381.3 million by the year 2023.


Covid19 Analysis


People across the globe are suffering from the covid19. It has adversely affected the functioning of all the industries, except for the pharmaceutical industry. There has been a complete lockdown in almost every nation. The borders a sealed, which means there will be no travel possible across borders shortly. The businesses are also being shut down.


As people are staying at their homes, there is no movement of traffics. There are no more traffic jams at the peak hours. This has adversely affected the traffic censor market industry. It is expected that, post the Covid19 situation, the global Traffic Sensor Industry will grow tremendously. The government of every nation is taking several measures to improve the on-road journey experiences of people. Traffic sensors provide real-time analysis of the movement of vehicles.


Market Dynamics


Drivers


With the growth in automatic toll collection activities, the demand for traffic sensors is increasing with every passing day. Traffic sensors not only help in the smooth flow of traffic but also help in vehicle classification and identification. This need for traffic surveillance becomes the major driving factor in Market Analysis.


Opportunities


As the population is increasing rapidly, it is, in turn, raising the need for transportation and personal conveyance. As the traffic is increasing on the roads, the government is improving the infrastructure facilities. This becomes an opportunity for the traffic sensor market. In developing countries, such as India, the demand for traffic sensors is increasing rapidly because of increased investment in infrastructural development.


Restraints


The investment required for setting up an efficient traffic sensor system is difficult. The maintenance cost is also very high as a well-trained and equipped staff is required to handle the operations. It becomes one of the restraints in the traffic sensor industry and its growth.


Value Chain Analysis


The traffic sensor system has become an essential part of the controlling and management of traffic. It has improved the efficiency of traffic light systems, surveillance, and well speed detection systems. The highway control authorities are making optimal use of traffic sensors. Jams are controlled and no activities are being delayed due to mismanagement of traffic. There is no rush in the bottleneck areas and lanes are empty for free flow of traffic even at peak hours. The speed of traffic can be monitored and controlled. This has improved the on-road experiences of people.


Market Segmentation


Global Traffic Sensor Market can be divided into various segments. These are based on technology, based on sensor type, based on applications.


Based on technology


There are various technologies used in the operation of traffic sensors. These are RFID (radio frequency identification), 3D/2D, GSM (Global System for mobile communication).


Based on sensor type


The various technologies used in traffic sensors are piezoelectric sensors, inductive loops, image sensors, bending plates, infrared sensors, magnetic sensors, radar sensors, and thermal & acoustic sensors. Radar sensors work efficiently in different weathers. Radar sensors have captured the largest market share and are expected to grow tremendously throughout the forecasted period.


Based on application


Traffic sensors are used for various purposes. These include monitoring of traffic and its flow, Automated & electronic tolling, Vehicle measurement, profiling, classification & identification, Weigh-in motion, and others.


Regional Analysis


Traffic Sensor Market Demand is increasing with every passing day. It is leaving its impression in every corner of the world. The regions where they are operating include America, Europe, Asia-pacific, and the rest of the world.


America, which includes the area of North America (the US and Canada) and Latin America, provides the largest market share for the development of the traffic sensor market. This owns to the high infrastructural development and urbanization. The increase in the level of traffic is increasing the need for management of traffic in all the cities.


The European region, which includes Germany, UK, France, Russia, and Italy, is also expanding the traffic sensor market. This owns to investment in Research & Development activities by the government and traffic control authorities. Germany has the largest share in the automotive industry. Proper roads and highways are required for the free flow of traffic.


Asia-Pacific region, which includes China, Japan, India, Australia, and South Korea, is growing tremendously because of the increasing development of infrastructural activities. As there are many developing nations in these regions, there is a large scope for the rising growth of the traffic sensors market. Many environmentally friendly campaigns are being run in the APAC region. This is prompted the need for traffic sensors. the region is anticipated to record the highest CAGR during the forecasted period.


The rest of the world, which includes a region of the Middle East and Africa, is growing at a slower but constant rate. This owns to the slower development rate as well as fewer initiatives by the government.


Competitive Landscape


The list of major global key players involved in the Traffic Sensor Market Forecast is as follows:



  • Kapsch Traffic Com AG (Austria)

  • International Road Dynamics, Inc. (Canada)

  • FLIR Systems, Inc. (US)

  • TE Connectivity Ltd. (Switzerland)

  • Kistler Group (Switzerland)

  • SWARCO AG (Austria)

  • SICK AG (Germany)

  • LeddarTech Inc. (Canada)

  • Axis Communication AB (Sweden)

  • Raytheon Company (US)

  • Sensys Networks, Inc. (US)

  • Siemens AG (Germany)


The above-listed companies come together in joint ventures, mergers and, acquisitions to make technological advancements. Their main objective is to develop end-products that are cost-effective, proficient in working, and that can deliver accurate solutions to the problems.
Global Traffic Sensor Market Traffic Sensor Market


Recent Developments


The various recent activities found in the Traffic Sensor Market trend are as follows:



  • In August of the year 2018, TE Connectivity Ltd., a Switzerland-based organization, formed an acquisition on ENTRELEC. This helped the company to widen its scope of operations and helped in achieving more efficiency.

  • In January of the year 2018, Ericsson launched a project in which the urban roads are connected to an advanced system of traffic management. It was designed especially for the city of Dallas. It has provided relief to the traffic management & control authorities. The monitoring, as well as surveillance functions, are also being performed efficiently by the advanced traffic sensor system.

  • In April of the year 2016, Kapsch Traffic Com formed a joint venture with Schneider Electric, a France-based organization. Their main target was the control of public as well as private transportation. This has improved the position of Kapsch Traffic composition in the global traffic sensor market.

  • In the year 2015, The Sensys Networks Inc., a US-based organization, came into a partnership with Verizon. This venture aimed at delivering an intelligent system for traffic management. It included the continuous surveillance, identification, and classification of vehicles through videography, and the management of traffic jams.


Report Overview


This market research report of Market Growth includes the following elements:



  • Market Overview

  • COVID19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments


This research report, on the global market Traffic Sensor Market, provides a thorough analysis about its usage and its market trends. Due to technological advancements and a rise in the level of infrastructure, the demand for traffic sensor systems is increasing. Advanced devices, such as infrared radar, laser technique, and video detection are used to control the mobility of traffic. The various technologies used in traffic sensors are piezoelectric sensors, inductive loops, image sensors, bending plates, infrared sensors, magnetic sensors, radar sensors, and thermal & acoustic sensors.



Frequently Asked Questions (FAQ) :


global traffic sensor market valuation is expected to reach USD 385 million by 2023.

global traffic sensor market is predicted to expand at 8% CAGR from 2017 to 2023.

Europe is projected to be lucrative for the global traffic sensor market owing to investments in deep traffic solutions and traffic management.

North America can dominate the global traffic sensor market owing to the large traffic volume and sensors being used for vehicle counting.

LeddarTech Inc., SWARCO AG, FLIR Systems, Inc., Sensys Networks, Inc., Axis Communication AB, Raytheon Company, Sick AG, International Road Dynamics, Inc., Kistler Group, Siemens AG, and TE Connectivity Ltd. are key players of the global traffic sensor market.

For what purposes traffic sensors are used?

TABLE OF CONTENTS

1 MARKET INTRODUCTION

1.1 INTRODUCTION

1.2 SCOPE OF STUDY

1.2.1 RESEARCH OBJECTIVE

1.2.2 ASSUMPTIONS

1.2.3 LIMITATIONS

1.3 MARKET STRUCTURE:

1.3.1 GLOBAL TRAFFIC SENSOR MARKET: BY TECHNOLOGY

1.3.2 GLOBAL TRAFFIC SENSOR MARKET: BY SENSOR TYPE

1.3.3 GLOBAL TRAFFIC SENSOR MARKET: BY APPLICATION

1.3.4 GLOBAL TRAFFIC SENSOR MARKET: BY REGION

2 RESEARCH METHODOLOGY

2.1 RESEARCH SENSORS TYPE

2.2 PRIMARY RESEARCH

2.3 SECONDARY RESEARCH

2.4 FORECAST MODEL

3 MARKET DYNAMICS

3.1 INTRODUCTION

3.2 MARKET DRIVERS

3.3 MARKET CHALLENGES

3.4 MARKET OPPORTUNITIES

4 EXECUTIVE SUMMARY

5. MARKET FACTOR ANALYSIS

5.1 PORTER’S FIVE FORCES ANALYSIS

5.2 SUPPLY CHAIN ANALYSIS

6 TRAFFIC SENSOR MARKET

6.1 INTRODUCTION

6.2 MARKET STATISTICS

6.2.1 BY TECHNOLOGY

6.2.1.1 RFID

6.2.1.2 3D/2D

6.2.1.3 GSM

6.2.1.4 OTHERS

6.2.2 BY SENSOR TYPE

6.2.2.1 LIDAR SENSORS

6.2.2.2 PIEZOELECTRIC SENSORS

6.2.2.3 IMAGE SENSORS

6.2.2.4 MAGNETIC SENSORS

6.2.2.5 RADAR SENSORS

6.2.2.6 OTHERS

6.2.3 BY APPLICATIONS

6.2.3.1 LASER MEASUREMENT SYSTEMS

6.2.3.2 ELECTRONIC TOLL COLLECTION SYSTEM

6.2.3.3 HOT SPOT DETECTION SYSTEM

6.2.3.4 ROAD TUNNEL SENSORS SYSTEM

6.2.3.5 OTHERS

6.2.4 BY REGION

6.2.4.1 NORTH AMERICA

6.2.4.2 EUROPE

6.2.4.3 ASIA PACIFIC

6.2.4.4 REST OF THE WORLD

7 COMPANY PROFILES

7.1 TE CONNECTIVITY LTD. (SWITZERLAND)

7.2 KISTLER GROUP (SWITZERLAND)

7.3 RAYTHEON COMPANY (U.S)

7.4 SICK AG (GERMANY)

7.5 LEDDARTECH INC. (CANADA)

7.6 SIEMENS AG (GERMANY)

7.7 INTERNATIONAL ROAD DYNAMICS, INC. (CANADA)

7.8 FLIR SYSTEMS, INC. (U.S)

7.9 AXIS COMMUNICATION AB (SWEDEN)

7.10 SENSYS NETWORKS, INC. (U.S)

7.11 OTHERS

LIST OF TABLES

TABLE 1 TRAFFIC SENSOR MARKET, BY TECHNOLOGY

TABLE 2 TRAFFIC SENSOR MARKET, BY SENSORS TYPE

TABLE 3 TRAFFIC SENSOR MARKET, BY APPLICATIONS

TABLE 4 TRAFFIC SENSOR MARKET, BY REGIONS

TABLE 5 NORTH AMERICA TRAFFIC SENSOR MARKET, BY TECHNOLOGY

TABLE 6 NORTH AMERICA TRAFFIC SENSOR MARKET, BY SENSORS TYPE

TABLE 7 NORTH AMERICA TRAFFIC SENSOR MARKET, BY APPLICATION

TABLE 8 NORTH AMERICA TRAFFIC SENSOR MARKET, BY REGION

TABLE 9 EUROPE TRAFFIC SENSOR MARKET, BY TECHNOLOGY

TABLE 10 EUROPE TRAFFIC SENSOR MARKET, BY SENSORS TYPE

TABLE 11 EUROPE TRAFFIC SENSOR MARKET, BY APPLICATIONS

TABLE 12 EUROPE TRAFFIC SENSOR MARKET, BY REGION

TABLE 13 U.K. TRAFFIC SENSOR MARKET, BY TECHNOLOGY

TABLE 14 U.K. TRAFFIC SENSOR MARKET, BY SENSORS TYPE

TABLE 15 U.K. TRAFFIC SENSOR MARKET, BY APPLICATIONS

TABLE 16 U.K. TRAFFIC SENSOR MARKET, BY REGION

TABLE 17 ASIA-PACIFIC TRAFFIC SENSOR MARKET, BY TECHNOLOGY

TABLE 18 ASIA-PACIFIC TRAFFIC SENSOR MARKET, BY SENSORS TYPE

TABLE 19 ASIA-PACIFIC TRAFFIC SENSOR MARKET, BY APPLICATIONS

TABLE 20 ASIA-PACIFIC TRAFFIC SENSOR MARKET, BY REGION

TABLE 21 REST OF WORLD TRAFFIC SENSOR MARKET, BY TECHNOLOGY

TABLE 22 REST OF WORLD TRAFFIC SENSOR MARKET, BY SENSORS TYPE

TABLE 23 REST OF WORLD TRAFFIC SENSOR MARKET, BY APPLICATIONS

TABLE 24 REST OF WORLD TRAFFIC SENSOR MARKET, BY REGION

LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 TRAFFIC SENSOR MARKET: BY TECHNOLOGY (%)

FIGURE 3 TRAFFIC SENSOR MARKET: BY SENSORS TYPE (%)

FIGURE 4 TRAFFIC SENSOR MARKET: BY APPLICATIONS (%)

FIGURE 5 TRAFFIC SENSOR MARKET: BY REGION (%)

FIGURE 6 NORTH AMERICA TRAFFIC SENSOR MARKET, BY TECHNOLOGY (%)

FIGURE 7 NORTH AMERICA TRAFFIC SENSOR MARKET, BY SENSORS TYPE (%)

FIGURE 8 NORTH AMERICA TRAFFIC SENSOR MARKET, BY APPLICATIONS (%)

FIGURE 9 NORTH AMERICA TRAFFIC SENSOR MARKET, BY REGION (%)

FIGURE 10 EUROPE TRAFFIC SENSOR MARKET, BY TECHNOLOGY (%)

FIGURE 11 EUROPE TRAFFIC SENSOR MARKET, BY SENSORS TYPE (%)

FIGURE 12 EUROPE TRAFFIC SENSOR MARKET, BY APPLICATIONS (%)

FIGURE 13 EUROPE TRAFFIC SENSOR MARKET, BY REGION (%)

FIGURE 14 ASIA-PACIFIC TRAFFIC SENSOR MARKET, BY TECHNOLOGY (%)

FIGURE 15 ASIA-PACIFIC TRAFFIC SENSOR MARKET, BY SENSORS TYPE (%)

FIGURE 16 ASIA-PACIFIC TRAFFIC SENSOR MARKET, BY APPLICATIONS (%)

FIGURE 17 ASIA-PACIFIC TRAFFIC SENSOR MARKET, BY REGION (%)

FIGURE 18 ROW TRAFFIC SENSOR MARKET, BY TECHNOLOGY (%)

FIGURE 19 ROW TRAFFIC SENSOR MARKET, BY SENSORS TYPE (%)

FIGURE 20 ROW TRAFFIC SENSOR MARKET, BY APPLICATIONS (%)

FIGURE 21 ROW TRAFFIC SENSOR MARKET, BY REGION (%)