Global Traffic Sensor Market Growth 2023-2029

Global Traffic Sensor Market Growth 2023-2029

The demand of traffic sensor will be increase beacause the growing need for real-time information systems, government initiatives to modify transport infrastructure, and the increasing urbanization and population.

LPI (LP Information)' newest research report, the “Traffic Sensor Industry Forecast” looks at past sales and reviews total world Traffic Sensor sales in 2022, providing a comprehensive analysis by region and market sector of projected Traffic Sensor sales for 2023 through 2029. With Traffic Sensor sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Traffic Sensor industry.

This Insight Report provides a comprehensive analysis of the global Traffic Sensor landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Traffic Sensor portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Traffic Sensor market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Traffic Sensor and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Traffic Sensor.

The global Traffic Sensor market size is projected to grow from US$ 199.6 million in 2022 to US$ 330.6 million in 2029; it is expected to grow at a CAGR of 330.6 from 2023 to 2029.

United States market for Traffic Sensor is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Traffic Sensor is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Traffic Sensor is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Traffic Sensor players cover EFKON, Kapsch, TransCore, Irdinc, Kistler, Flir, TE, Q-Free and SWARCO, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

This report presents a comprehensive overview, market shares, and growth opportunities of Traffic Sensor market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Inductive Loop
Piezoelectric Sensor
Bending Plate
Image Sensor
Infrared Sensor
Other

Segmentation by application
Vehicle Measurement and Profiling
Weigh in Motion
Traffic Monitoring
Automated Tolling
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
EFKON
Kapsch
TransCore
Irdinc
Kistler
Flir
TE
Q-Free
SWARCO
SICK
Axis
Raytheon
Siemens

Key Questions Addressed in this Report

What is the 10-year outlook for the global Traffic Sensor market?

What factors are driving Traffic Sensor market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Traffic Sensor market opportunities vary by end market size?

How does Traffic Sensor break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.