Traffic Sensor Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The value of the traffic sensor market was $2997 million in 2021, and is to reach $57.84 million by 2028, with an annual average growth of 8% from 2022 to 2028. Increasing adoption of bicycle counting sensors, increasing demand for real-time information systems, and increasing adoption of analytics-based transportation solutions are expected to drive the traffic sensor market for the forecasted year. The Global Traffic Sensor Market report provides a holistic assessment of the market. The report provides a comprehensive analysis of the key segments, trends, drivers, limitations, competitive landscape, and factors playing an important role in the market.

Company Profile

• EFKON AG
• FLIR Systems, Inc.
• International Road Dynamics Inc.
• Kapsch TrafficCom AG
• Kyosan Electric Mfg. Co., Ltd.
• Sensor Line
• TE Connectivity
• TransCore

Market Segmentation

By Sensors Type

• Inductive Loops
• Piezoelectric Sensors
• Image Sensors
• Infrared Sensors
• Lidar Sensors
• Radar Sensors
• Magnetic Sensors

By Application

• Vehicle Measurement and Profiling
• Weigh in Motion (WIM)
• Traffic Monitoring
• Automated Tolling (E-Toll)

Scope of the Report

The research study analyzes the Traffic Sensor Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Traffic Sensor Market Report

1. What was the Traffic Sensor Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Traffic Sensor Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Traffic Sensor Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

Key Benefits of Buying the Traffic Sensor Market Report:

• Comprehensive analysis of the changing competitive landscape.
• Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
• The report offers an 8-year forecast and assessment of the Traffic Sensor
• Helps in understanding the key product segments and their estimated growth rate.
• In-depth analysis of market drivers, restraints, trends, and opportunities.
• Comprehensive regional analysis of the Traffic Sensor
• Extensive profiling of the key stakeholders of the business sphere.
• Detailed analysis of the factors influencing the growth of the Traffic Sensor Market.