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Traffic Sensor Market Report Scope & Overview:

Traffic Sensor Market Size will be valued at USD 1122 million by 2030, and it was valued at USD 615.53 million in 2022, and grow at a CAGR of 7.8% over the forecast period 2023-2030.

Traffic sensors are made up of a magnetic device that detects and displays high traffic levels. It monitors vehicle patterns and movements. It is a clever way to control traffic. Advanced devices, such as infrared radar, laser path, and video detection are used to control traffic flow. It distributes traffic evenly and provides seamless movement on the roads. During peak hours, traffic sensors can be useful in areas where traffic management is difficult. These sensors also work well at intersections with bottleneck lines.

Traffic Sensor Market Revenue Analysis

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MARKET DYNAMICS:

KEY DRIVERS:

  • Urgent need to deploy real-time information systems in transportation infrastructure.

  • With rapid urbanization and a growing population, there is a greater emphasis on promoting road safety awareness.

  • Governments around the world are putting a lot of effort into building extensive and efficient transportation infrastructure.

  • Increased investment in smart city construction.

RESTRAINTS:

  • Pavement deterioration and traffic disruptions occur during the installation and maintenance of traffic sensors.

  • Non-intrusive sensors have a high installation cost and are required.

OPPORTUNITIES:

  • Bicycle counting is becoming more popular as cycling infrastructure becomes more important.

  • Electric and self-driving vehicles are becoming more popular as new modes of transportation.

  • A greater emphasis is being placed on integrating ITS with loT and AI technologies.

CHALLENGES:

  • Data fusion challenges result from the deployment of multiple sensors.

  • Raw and unfiltered floating cellular data contains a significant amount of noise.

IMPACT OF COVID-19:

People all over the world suffer from covid-19. It has had a negative impact on the performance of all industries, except the pharmaceutical industry. There has been a complete closure in almost all nations. Borders are closed, which means there will be no possible crossing of borders soon. Businesses are also being shut down. As people live in their homes, there is no movement of cars. No more traffic jams at peak times. This has had a negative impact on the market for traffic sensors. It is expected that, after the Covid19 situation, the global Traffic Sensor Industry will grow significantly. An international government is taking a few steps to improve the knowledge of people on the road. Traffic sensors provide real-time traffic analysis.

Based on Sensor Type, the market is segmented into Bending Plate Sensors, Piezoelectric Sensors, Inductive Loop Sensors, Acoustic Sensors, Image Sensors, Lidar Sensors, Magnetic Sensors, Infrared Sensors, Radar Sensors, and Thermal Sensors.

The image sensor is expected to target the largest market share of traffic sensors in 2030. With the image sensor images are viewed on cameras located near or on the street. In addition, images seen from the vehicle's camera can be used to detect the vehicle behind it, measure the distance to the next vehicle, detection, and route detection. This traffic image sensor can be built into the traffic signal controller because of its compact size. Image sensor provides high sensitivity even in poor light conditions and, these image sensor has the ability to process at high speeds which provides better daytime imaging performance.

Based on Technology, the market is segmented into RFID, GSM, 2D Sensor, 3D Sensor, and Others. In addition to the many technological benefits of 3D sensor technology for traffic quality monitoring applications, many traffic control authorities continue to rely solely on 2D sensors for quality control processes. Although useful for a limited number of situations, the 2D sensor is limited in its ability to achieve 100% quality control, which is considered a major concern, especially when there is congestion in many urban vehicles, where quality control is close to 100%. great popularity as a result of these factors, the 2D sensor will continue to dominate the market for traffic sensors.

MARKET SEGMENTATION:

BY SENSOR TYPE

  • Bending Plate Sensors

  • Piezoelectric Sensors

  • Inductive Loop Sensors

  • Acoustic Sensors

  • Image Sensors

  • Lidar Sensors

  • Magnetic Sensors

  • Infrared Sensors

  • Radar Sensors

  • Thermal Sensors

BY TECHNOLOGY

  • RFID

  • GSM

  • 2D Sensor

  • 3D Sensor

  • Others

BY APPLICATION

Traffic Sensor Market Segmentation Analysis

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REGIONAL ANALYSIS:

Demand for the Traffic Sensory Market is growing with each passing day. It leaves its mark on every corner of the globe. The regions in which they operate include the United States, Europe, Asia-pacific, and the rest of the world. The United States, which includes North America (US and Canada) and Latin America, offers the largest market share for the development of the traffic sensor market. This has resulted in the development of high infrastructure and urbanization. Increased traffic flow increases the need for traffic management in all cities. The European region, which includes Germany, the United Kingdom, France, Russia, and Italy, is expanding the market for traffic sensors. This has resulted in investment in research and development activities by the government and traffic control authorities. Germany has the largest automotive market share. Proper roads and highways are required for the free flow of traffic. The Asia-Pacific region, which includes China, Japan, India, Australia, and South Korea, is growing rapidly as a result of increased infrastructure development. With so many developing countries in the region, there is room for considerable growth in the street sensory market. Many environmental campaigns are being conducted in the APAC region. This is due to the need for traffic sensors. the region is expected to record the highest CAGR in the forecast period. The rest of the world, which includes the Middle East region of Africa, is growing at a slower but steady pace. This is in line with the slow pace of development and a number of government programs.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • South Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of the Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The key players in the traffic sensor market are Axis Communication, International Road Dynamics, TE Connectivity, Sick, Q-Free ASA, EFKON, FLIR Systems, SWARCO, TransCore, Raytheon Company, Kistler Group, Kapsch Traffic, Sensys Networks, Siemens, LeddarTech, Raytheon, Siemens & Other Players.

International Road Dynamics-Company Financial Analysis

Traffic Sensor Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 615.53 Million
Market Size by 2030 US$ 1122 Million
CAGR CAGR of 7.8% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Sensor Type (Bending Plate Sensors, Piezoelectric Sensors, Inductive Loop Sensors, Acoustic Sensors, Image Sensors, Lidar Sensors, Magnetic Sensors, Infrared Sensors, Radar Sensors, Thermal Sensors)
• By Technology (RFID, GSM, 2D Sensor, 3D Sensor, Others)
• By Application (Vehicle Measurement And Profiling, Traffic Monitoring, Weigh In Motion, Automated Tolling (E-Toll))
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Axis Communication, International Road Dynamics, TE Connectivity, Sick, Q-Free ASA, EFKON, FLIR Systems, SWARCO, TransCore, Raytheon Company, Kistler Group, Kapsch Traffic, Sensys Networks, Siemens, LeddarTech, Raytheon, Siemens and Oher companies.
Key Drivers • Urgent need to deploy real-time information systems in transportation infrastructure.
• With rapid urbanisation and a growing population, there is a greater emphasis on promoting road safety awareness.
Restraints • Pavement deterioration and traffic disruptions occur during the installation and maintenance of traffic sensors.
• Non-intrusive sensors have a high installation cost and are required.

Frequently Asked Questions

The market size will be valued at USD 1122 million by 2030.

The market has been segmented with respect to type, technology and application.

The COVID-19 had a negative impact on the market for traffic sensors market. It is expected that, after the Covid19 situation, the global Traffic Sensor Industry will grow significantly.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. Traffic Sensor Market Segmentation, by sensor type

8.1Introduction

8.2 Bending Plate Sensors

8.3 Piezoelectric Sensors

8.4 Inductive Loop Sensors

8.5 Acoustic Sensors

8.6 Image Sensors

8.7 Lidar Sensors

8.8 Magnetic Sensors

8.9 Infrared Sensors

8.10 Radar Sensors

8.11 Thermal Sensors

9. Traffic Sensor Market Segmentation, by technology

9.1 Introduction

9.2 RFID

9.3 GSM

9.4 2D Sensor

9.5 3D Sensor

9.6 Others

10. Traffic Sensor Market Segmentation, by application

10.1 Introduction

10.2 Vehicle Measurement and Profiling

10.3 Traffic Monitoring

10.4 Weigh in Motion

10.5 Automated Tolling (E-Toll)

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12.Company Profiles

12.1 Axis Communication.

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 International Road Dynamics

12.3 TE Connectivity

12.4 Sick

12.5 Q-Free ASA

12.6 EFKON

12.7 FLIR Systems

12.8 SWARCO

12.9 TransCore

12.10 Raytheon Company

12.11 Kistler Group

12.12 Kapsch Traffic

12.13 Sensys Networks

12.14 Siemens

12.15 LeddarTech

12.16 Raytheon

12.17 Siemens

12.18 Others

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14.Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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