We are monitoring the impact of COVID-19 on Traffic Sensors Market Get in touch with us for detailed analysis Know More
Pulished Date November, 2020
ID: 10450
Share on
Share on

Traffic Sensors Market Segmentation by Technology (RFID, 3D/2D, GSM, and Others), By Sensor Type (Inductive Loops, Piezoelectric Sensors, Image Sensors, Infrared Sensors, LIDAR Sensors, RADAR Sensors, Magnetic Sensors, Acoustic Sensors, Thermal Sensors, Bending Plates, and Others), By Usage (Traffic Detection, Vehicle Identification, Motion Sensors, Speed Detection, and Others), and By Application (Agricultural Vehicles, Engines, Lawn and Garden Equipment, Material Handling Equipment, Mining/Construction Vehicles, Rail, Sport Vehicles, Transmissions, and Others ) - Global Industry Analysis on Size, Share, Demand, strategy, Growth & Forecast | 2020 - 2025

Pulished: November, 2020
ID: 10450
Pages: 170

Market Overview

The Global Traffic Sensors Market is determined to develop in a significant manner during the outlook period. It is estimated that the target market is likely to get valued around USD 434.0 million by 2025 from USD 271.97 million in 2020, growing at a CAGR of 8.1% over the period of 2020 - 2025.

A traffic sensor is a device that indicates the presence or passage of a vehicle and is able to provide the vehicle's volume, vehicle speed, and other data which supports the traffic management which includes signal control, freeway mainline control, ramp metering, and electronic toll collection.

These traffic sensors are employed for monitoring the operations of transportation systems which is helpful for improving the performance of the transportation network surveillance. This information that was collected from the traffic sensors is utilized for providing real-time traffic data for numerous applications, like flow observation & estimation, travel-time estimation, and bottleneck determination. Also, the improved mobility from eliminating the delays in traffic, advanced safety for motorists & road workers, simple & quick installation which make them nimble, savings from reduced long term maintenance costs, added data collection, and detection over long-range & across different lanes are the benefits that are associated with usage of the Traffic Sensors, which are fuelling their adoption worldwide.

Recent Developments

  • FLIR Systems, Inc. has recently introduced its Star SAFIRE 380X hardware, firmware, and software upgrade for assisting the progression of image-aiding features for its existing Star SAFIRE gimbal systems like Star SAFIRE 380-HD and 380-HDc.
  • Sick AG, one of the key players in the Global Traffic Sensors Market, has developed a platform that is helpful for the users to solve new automation tasks by creating individual “SensorApps” by itself.

Drivers and Restraints

Rapidly growing population in urban areas and rising need for traffic information systems in real-time are the major factors that are driving the growth of the Global Traffic Sensors Market. Moreover, the growth in urban population is also straining on the traffic management, which is resulting in the rising demand for efficient traffic management solutions is also estimated to boost the adoption of these traffic sensors, turning out to be the other growth factors of the worldwide market.

However, high costs that are associated with installation and the management of these traffic sensors are the major restraint that was hampering the growth of the Global Traffic Sensors Market.

Nonetheless, growing advancements in the analytics-based transport solutions which are employed for deep analytics platforms and the cloud-based big data are creating lucrative growth opportunities for the expansion of the players in the Global Traffic Sensors Market.

Impact of COVID-19 on the Traffic Sensors Market

The impact of the COVID-19 pandemic on the Global Traffic Sensors Market is in a very visible way. The pandemic has resulted in a reduction in the traffic which has decreased the demand for these sensors. However, implementation of the stringent rules for controlling the spread-out of the virus is creating the requirements of these traffic sensors for monitoring the traffic in emerging economies.

Market Segmentation of Traffic Sensors Market

Based on the type of Sensor, the global Traffic Sensors market is segmented into Inductive loops, Piezoelectric sensors, Image sensors, Infrared sensors, LiDAR sensors, Radar sensors, Magnetic sensors, Acoustic sensors, Thermal sensors, Bending plates, and Others.

And based on the Usage Outlook, the global Traffic Sensors market is segmented into Traffic Detection, Vehicle Identification, Motion Sensors, Speed Detection, and Others.

In the Technological outlook, the global Traffic Sensors market is segmented as RFID, 3D/2D, GSM, and Others.

On the Application segmentation, the global Traffic Sensors market is segmented as Agricultural Vehicles, Engines, Lawn and Garden Equipment, Material Handling Equipment, Mining/Construction Vehicles, Rail, Sport Vehicles, Transmissions, and Others.

Regional analysis

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle-Est & Africa

In the regional analysis of the Global Traffic Sensors Market, North America's regional market is held for the major share of the global market, in the revenue aspect. This is the region that contains the most urbanized landscapes when compared to other regions. In developed countries like the United States and Canada, around 80% of the population reside in the urban areas, which is creating challenges to the government in the management of traffic. Moreover, growing engagement of research & developments of these traffic sensors, both internal and external for introducing advanced traffic sensors for enhancing the effectiveness, ease in the usage, safety, and reliability of the existing traffic sensors and to expand their applications.

Further, Asia-Pacific Regional Traffic Sensors Market is expected to witness a significant way during the forecast period. The major factors that are driving the growth of the target market in the Asia-Pacific region are the growing demand for these sensors in the region because of the sheer proliferation of digital technologies in the regional automotive sector.

Key Players of Traffic Sensors Market

The key players in the Global Traffic Sensors Market includes Kapsch TrafficCom 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), and Siemens AG (Germany) among others.

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Traffic Sensors Market, By Technology                 

                    6.1.1 RFID    

                    6.1.2 3D/2D 

                    6.1.3 GSM    

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Traffic Sensors Market, By Sensor Type                

                    6.2.1 Inductive Loops       

                    6.2.2 Piezoelectric Sensors

                    6.2.3 Image Sensors         

                    6.2.4 Infrared Sensors      

                    6.2.5 LIDAR Sensors         

                    6.2.6 RADAR Sensors        

                    6.2.7 Magnetic Sensors     

                    6.2.8 Acoustic Sensors      

                    6.2.9 Thermal Sensors      

                    6.2.10 Bending Plates       

                    6.2.11 Market Size Estimations & Forecasts (2019-2024)      

                    6.2.12 Y-o-Y Growth Rate Analysis       

                    6.2.13 Market Attractiveness Index       

          6.3 Traffic Sensors Market, By Usage               

                    6.3.1 Traffic Detection      

                    6.3.2 Vehicle Identification

                    6.3.3 Motion Sensors        

                    6.3.4 Speed Detection      

                    6.3.5 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.6 Y-o-Y Growth Rate Analysis         

                    6.3.7 Market Attractiveness Index         

          6.4 Traffic Sensors Market, By Application                  

                    6.4.1 Agricultural Vehicles

                    6.4.2 Engines         

                    6.4.3 Lawn and Garden Equipment        

                    6.4.4 Material Handling Equipment        

                    6.4.5 Mining/Construction Vehicles       

                    6.4.6 Rail     

                    6.4.7 Sport Vehicles

                    6.4.8 Transmissions          

                    6.4.9 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.10 Y-o-Y Growth Rate Analysis       

                    6.4.11 Market Attractiveness Index       

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Technology          

                    7.2.3 By Sensor Type        

                    7.2.4 By Usage       

                    7.2.5 By Application

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Technology          

                    7.3.3 By Sensor Type        

                    7.3.4 By Usage       

                    7.3.5 By Application

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Technology          

                    7.4.3 By Sensor Type        

                    7.4.4 By Usage       

                    7.4.5 By Application

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Technology          

                    7.5.3 By Sensor Type        

                    7.5.4 By Usage       

                    7.5.5 By Application

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Technology          

                    7.6.3 By Sensor Type        

                    7.6.4 By Usage       

                    7.6.5 By Application

8. Key Player Analysis                           

          8.1 Kapsch TrafficCom AG          

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 International Road Dynamics, Inc               

          8.3 FLIR Systems, Inc                  

          8.4 TE Connectivity Ltd               

          8.5 Kistler Group              

          8.6 SWARCO AG               

          8.7 SICK AG           

          8.8 LeddarTech Inc           

          8.9 Axis Communication AB                  

          8.10 Raytheon Company             

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by end-user, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Traffic Sensors Market By Region, From 2020-2025 ( USD Billion )
  2. Global Traffic Sensors Market By Technology, From 2020-2025 ( USD Billion )
  3. Global RFID Market By Region, From 2020-2025 ( USD Billion )
  4. Global 3D/2D Market By Region, From 2020-2025 ( USD Billion )
  5. Global GSM Market By Region, From 2020-2025 ( USD Billion )
  6. Global Traffic Sensors Market By Sensor Type, From 2020-2025 ( USD Billion )
  7. Global Inductive Loops Market By Region, From 2020-2025 ( USD Billion )
  8. Global Piezoelectric Sensors Market By Region, From 2020-2025 ( USD Billion )
  9. Global Image Sensors Market By Region, From 2020-2025 ( USD Billion )
  10. Global Infrared Sensors Market By Region, From 2020-2025 ( USD Billion )
  11. Global LIDAR Sensors Market By Region, From 2020-2025 ( USD Billion )
  12. Global RADAR Sensors Market By Region, From 2020-2025 ( USD Billion )
  13. Global Magnetic Sensors Market By Region, From 2020-2025 ( USD Billion )
  14. Global Acoustic Sensors Market By Region, From 2020-2025 ( USD Billion )
  15. Global Thermal Sensors Market By Region, From 2020-2025 ( USD Billion )
  16. Global Bending Plates Market By Region, From 2020-2025 ( USD Billion )
  17. Global Traffic Sensors Market By Usage, From 2020-2025 ( USD Billion )
  18. Global Traffic Detection Market By Region, From 2020-2025 ( USD Billion )
  19. Global Vehicle Identification Market By Region, From 2020-2025 ( USD Billion )
  20. Global Motion Sensors Market By Region, From 2020-2025 ( USD Billion )
  21. Global Speed Detection Market By Region, From 2020-2025 ( USD Billion )
  22. Global Traffic Sensors Market By Application, From 2020-2025 ( USD Billion )
  23. Global Agricultural Vehicles Market By Region, From 2020-2025 ( USD Billion )
  24. Global Engines Market By Region, From 2020-2025 ( USD Billion )
  25. Global Lawn and Garden Equipment Market By Region, From 2020-2025 ( USD Billion )
  26. Global Material Handling Equipment Market By Region, From 2020-2025 ( USD Billion )
  27. Global Mining/Construction Vehicles Market By Region, From 2020-2025 ( USD Billion )
  28. Global Rail Market By Region, From 2020-2025 ( USD Billion )
  29. Global Sport Vehicles Market By Region, From 2020-2025 ( USD Billion )
  30. Global Transmissions Market By Region, From 2020-2025 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample