November 27 2019
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) - Global Forecast 2023
Traffic sensors are mainly designed to gauge the pressure of cars on a particular road. The will help to determine various signals that should be on and help in simplify the movement of traffic. Across the world, governments are engaging themselves more and more in employing such mechanisms, particularly in megacities. The global traffic sensors market is enjoying such favorable winds and is expected to gain 8% CAGR during the forecast period (2017-2023). Market Research Future (MRFR) revealed recently the possibility for this traffic sensors market to achieve USD 385 million valuation is quite high.
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Increasing interests shown by governments from the APAC region, influx of advanced 3D technology, advancement in various sensor types like magnetic sensors, piezoelectric sensors, image sensors, demand from the electronic toll systems, improvement in GPS system, better spending capacities of investors, and extra-care taken by automotive manufacturers are expected to drive the global traffic sensors market ahead.
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 Traffic Sensor Market Segmentation
MRFR segmented the global Traffic Sensor Market to get a closer look and have a better predictive analysis. These segments, technology, sensor types, and applications, rely on detailed analyses of factors that can impact the market. In addition, these segments have both volume-wise and value-wise figures for an enriched understanding.
Market Research Analysis:
North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) are four regions that have been included in the global traffic sensors market. The MRFR study has at its core the intent to identify major points that can be considered for better market growth.
North America’s technological brilliance gives it an edge over the others. The regional tendency to upgrade constantly, high investment capacity, better infrastructure, robust automotive sector, technological advancements, and others are reasons that are expected to take the regional traffic sensors market ahead. Manufacturers are investing for substantial change in the regional market as well.
Europe is an automotive hub and is known for its inclination towards high-end cars. The regional research and development sectors are also enjoying substantial score in terms of profit, which are expected to take the global market ahead.
The APAC market is also expecting high growth rate during the forecast period. The regional market lures in a lot of automotive-makers and in Japan and Korea, there are some famous manufacturers. These companies are putting in substantial effort to improve the traffic sensors market.
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TABLE OF CONTENTS
1 Market Introduction
1.2 Scope Of Study
1.2.1 Research Objective
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
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
4 Executive Summary
5.1 Porter’s Five Forces Analysis
5.2 Supply Chain Analysis
6 Traffic Sensor Market
6.2 Market Statistics
6.2.1 By Technology
6.2.2 By Sensor Type
Know More about this Report @ https://www.marketwatch.com/press-release/traffic-sensor-market-2019-global-industry-analysis-by-size-share-sales-revenue-development-status-opportunities-business-growth-and-regional-forecast-2023---20-aug-2019-2019-08-20
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