Global Transportation Sensors Market to 2027
Global Transportation Sensors Market to 2027
Market Overview
Transportation sensors are the combination of sensors with embedded algorithms, digital interface, and signal conditioning. Transportation sensors enable collection of accurate environmental data with low level of noise. These sensors support IT solutions like analytics, and machine-to-machine communication. Rise in development as well as adoption of IoT (Internet of Things) will propel the market growth.
Market Drivers
Increase in on road vehicles and ineffective existing transport infrastructure is the key driving factor which is expected to boost the global transportation sensors market growth. Furthermore, increase in government initiatives for better infrastructure will have the positive impact on market growth. Moreover, rise in smart city projects which is expected to propel the market growth. Also, increase in technological advancements will drive the market growth. For instance, in May 2018, DHL had launched IoT enabled truck transportation solution with sensors which provide real-time data analysis for route optimization.
Market Restraints
However, high deployment cost and privacy concern are the restraining factors which are expected to hamper the global transportation sensors market growth.
Market Segmentation
Global Transportation Sensors Market is segmented into sensor type such as Infrared Sensor, Image Sensor, Bending Plate, Piezoelectric Sensor, Inductive Loop, and Others, by use such as Speed Detection, Motion Sensors, Vehicle Identification, Traffic Detection, and Others. Further, market is segmented into application such as Transmissions, Sport Vehicles, Rail, Mining/Construction Vehicles, Material Handling Equipment, Lawn and Garden Equipment, Engines, and Agricultural Vehicles
Also, Global Transportation Sensors Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Miovision Technologies Inc, Leddartech Inc, Kistler Group, Kapsch Trafficcom Ag, Jenoptik Ag, International Road Dynamics, Inc., Image Sensing Systems, Inc, Flir Systems, Inc, Efkon Ag, and Diablo Controls Inc
Market Taxonomy
By Sensor Type
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