Traffic Sensor Market 2018 Global Opportunities, Development Strategy, Historical Analysis, Sales Revenue, Top Leaders, Competitive Landscape and Regional Forecast to 2023

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 - January 2, 2019 /MarketersMedia/ —

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.

Latest Industry Highlights:

• Intelligent sensing algorithms specialist Seeing Machines has reportedly collaborated with the Australian government and a group of researchers to develop mechanism to develop truck crashes in the country.
• FLIR Systems, Inc. a leading manufacturer of thermal imaging cameras, components and imaging sensors has recently launched a novel thermal traffic sensor “FLIR ThermiCam™” that is based on vehicle-to-everything (V2X) technology. The sensor will allow traffic infrastructure and vehicle to communicate and feed information to a system aims to enhance pedestrian, bicyclist and motorist safety.

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.

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).

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.

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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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Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

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Release ID: 463929