Size, Share, Growth, Opportunities, And Global Analysis And Opportunity Assessment Of The Traffic Sensor Market From 2018 To 2026

Traffic sensors are used to manage traffic, detect incidents automatically, and collect data. Traffic sensors provide standard data on traffic, speed, and area occupancy, which is useful for avoiding congestion in large metropolitan areas. Furthermore, these sensors aid in the accurate measurement of average flow speed, which aids in the differentiation of different service levels such as dense, congestion, queue, and fluid. Traffic sensors boost transportation networks' efficiency and capacity.

Traffic Sensor Market is used to monitor the operation of transportation systems, which aids in the improvement of transportation network surveillance performance. The traffic sensor data is used to provide real-time traffic data for a variety of traffic information applications, including flow observation and estimation, travel-time estimation, and bottleneck identification. Benefits of Traffic Sensors include increased mobility due to reduced traffic delays, increased safety for motorists and road workers, simple and quick installation, cost savings due to lower long-term maintenance costs, added data collection, and detection over a long distance and across different lanes.

Traffic Sensor Market is used in a variety of applications, including traffic monitoring, automated tolling, vehicle measurement and profiling, weighing-in motion, and others. Magnetic sensors, thermal sensors, bending plates, acoustic sensors, piezoelectric sensors, image sensors, infrared sensors, LiDAR sensors, and radar sensors are the different types of traffic sensors. Traffic sensors include inductive-loop detectors, video image processors, magnetometers, laser radar sensors, microwave radar sensors, ultrasonic sensors, passive infrared sensors, and passive acoustic sensors. These sensors' applications include incident detection, traffic signal control, mainline control, and vehicle volume measurement.

Growing traffic volume is one of the key factors expected to drive the global Traffic Sensor Market. Furthermore, a lack of effective roadways in urban, intercity and rural areas is a major cause of high traffic on roads, particularly in emerging economies such as India, China, and Brazil. This necessitates the use of traffic sensors to manage road traffic by reducing congestion. As a result, traffic sensors can be used to ensure that existing roadways are used to their full potential.

Key Market Players in the Global Traffic Sensor Market

 

EFKON AG, Kapsch TrafficCom AG, TransCore, International Road Dynamics, Inc., Kistler Group, Flir Systems, Inc., TE Connectivity Ltd., SWARCO AG, Q-Free ASA, SICK AG, Axis Communications AB, Raytheon Company, and Siemens AG are among the major players in the global traffic sensor market.