Global Traffic Sensor Market Size, Share, Trends, Industry Growth by Sensor Type (Inductive Loop, Piezoelectric, Bending Plate, Image & Others), by Technology (2D, 3D, RFID, GSM, Others), by Application, by Region, and Forecast to 2028

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The global traffic sensor market size is projected to grow at a significant CAGR of around 8% during the forecast period 2022 to 2028. The increasing adoption of intelligent transportation systems and the growing demand for real-time traffic information systems are some of the major factors to drive the market growth. Furthermore, the increasing investment in transport infrastructure to improve it by the government of various countries is further expected to boost the market growth. Moreover, the rapid growth in urbanization and growing population is expected to overwhelm the transportation system, which is further expected to drive the market. In addition, the integration of 5G and AI technology in road safety and the innovation in traffic lights technology are further anticipated to propel the market growth.

Market Insights:

By type, the image sensor segment is expected to register the fastest growth by 2028

The global traffic sensor market is bifurcated into sensor type, technology, application, and geography. On the basis of sensor type, the market is further segmented into an inductive loop, Image, piezoelectric, bending plate, magnetic, and other sensors. The image sensor segment is expected to grow at the fastest growth rate over the forecast period. The rising concern of vehicle safety is a major factor to increase the demand for image sensors in the automotive industry. Furthermore, the advantages associated with the product such as high sensitivity and high-speed imaging capability are further expected to fuel the segment growth over the forecast period.

By application, the traffic monitoring segment dominated the global traffic sensor market

On the basis of application, the market is segmented into vehicle measurement and profiling, weigh-in-motion, traffic monitoring, automated tolling, and others. The traffic monitoring segment dominated the global traffic sensor market in 2021 and is expected to grow at the same trend over the forecast period. The increasing adoption of advanced traffic monitoring systems due to the increasing number of commercial vehicles is a major factor to drive the segment growth. Furthermore, the technological advancement and the increasing research activities by some major players are further anticipated to fuel the segment growth over the forecast period. For instance, researchers at UT, TACC (Texas Advanced Computing Center), and the City of Austin develop AI tools to automatically analyze road behavior.

Traffic Sensor Market CAGR & Segmentation

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The traffic sensor comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The traffic sensor market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global Traffic Sensor Market Segmentation:

Traffic Sensor Market Segmentation by Sensor Type:

  • Inductive Loop
  • Piezoelectric
  • Bending Plate
  • Magnetic
  • Acoustic
  • Infrared
  • Image
  • Radar
  • Lidar
  • Thermal

Traffic Sensor Market Segmentation by Technology:

  • 2D
  • 3D
  • RFID
  • GSM
  • Others

Traffic Sensor Market Segmentation by Application:

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

Traffic Sensor Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Traffic Sensor Market: Geographic Coverage

Geographically, North America dominated the global traffic sensor market in 2021 and is expected to hold the largest revenue share of over one-third market share by the end of the analysis period. The strong investment in road transport infrastructure and the large volume of the urban population are some of the major factors to drive the market growth in the region. Furthermore, the early adoption of new technologies and the increasing focus of manufacturers to enhance vehicle safety are further anticipated to fuel the market in North America. On the other hand, the Asia Pacific is expected to register the fastest growth rate of the market in next upcoming years due to the increasing investment in

Traffic Sensor Market: Competitive Assessment

Some of the major market players operating in the global traffic sensor market are EFKON, International Road Dynamics, Siemens, Q-Free ASA , and Kapsch TrafficCom AG. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • EFKON
  • International Road Dynamics
  • Siemens
  • Q-Free ASA
  • Kapsch TrafficCom AG
  • Axis Communications AB
  • Flir Systems
  • Kistler Group
  • Raytheon Company
  • Sensys Networks

Key Questions Answered by Traffic Sensor Market Report

  • Global traffic sensor market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Traffic sensor submarket forecasts from 2022-2028 cover the market by sensor type, by technology, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level traffic sensor markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Traffic Sensor Market Portraiture
2.2. Global Traffic Sensor Market, by Sensor Type, 2021 (USD Mn)
2.3. Global Traffic Sensor Market, by Technology, 2021 (USD Mn)
2.4. Global Traffic Sensor Market, by Application, 2021 (USD Mn)
2.5. Global Traffic Sensor Market, by Geography, 2021 (USD Mn)

 

3. Global Traffic Sensor Market Analysis


3.1. Traffic Sensor Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Traffic Sensor Market By Sensor Type, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Inductive Loop
4.3. Piezoelectric
4.4. Bending Plate
4.5. Magnetic
4.6. Acoustic
4.7. Infrared
4.8. Image
4.9. Radar
4.10. Lidar
4.11. Thermal

 

5. Global Traffic Sensor Market By Technology, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. 2D
5.3. 3D
5.4. RFID
5.5. GSM
5.6. Others

 

6. Global Traffic Sensor Market By Application, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. Vehicle Measurement and Profiling
6.3. Weigh-in-Motion
6.4. Traffic Monitoring
6.5. Automated Tolling (E-Toll)
6.6. Others

 

7. North America Traffic Sensor Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1.1. Overview
7.1.2. North America Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
7.1.3. North America Traffic Sensor Market by Technology (2019-2028 USD Mn)
7.1.4. North America Traffic Sensor Market by Application (2019-2028 USD Mn)
7.1.5. North America Traffic Sensor Market by Country (2019-2028 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
7.1.5.1.2. U.S. Traffic Sensor Market by Technology (2019-2028 USD Mn)
7.1.5.1.3. U.S. Traffic Sensor Market by Application (2019-2028 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
7.1.5.2.2. Canada Traffic Sensor Market by Technology (2019-2028 USD Mn)
7.1.5.2.3. Canada Traffic Sensor Market by Application (2019-2028 USD Mn)

 

8. Europe Traffic Sensor Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1.1. Overview
8.1.2. Europe Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
8.1.3. Europe Traffic Sensor Market by Technology (2019-2028 USD Mn)
8.1.4. Europe Traffic Sensor Market by Application (2019-2028 USD Mn)
8.1.5. Europe Traffic Sensor Market by Country (2019-2028 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
8.1.5.1.2. Germany Traffic Sensor Market by Technology (2019-2028 USD Mn)
8.1.5.1.3. Germany Traffic Sensor Market by Application (2019-2028 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
8.1.5.2.2. U.K. Traffic Sensor Market by Technology (2019-2028 USD Mn)
8.1.5.2.3. U.K. Traffic Sensor Market by Application (2019-2028 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
8.1.5.3.2. France Traffic Sensor Market by Technology (2019-2028 USD Mn)
8.1.5.3.3. France Traffic Sensor Market by Application (2019-2028 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
8.1.5.4.2. Italy Traffic Sensor Market by Technology (2019-2028 USD Mn)
8.1.5.4.3. Italy Traffic Sensor Market by Application (2019-2028 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
8.1.5.5.2. Rest of Europe Traffic Sensor Market by Technology (2019-2028 USD Mn)
8.1.5.5.3. Rest of Europe Traffic Sensor Market by Application (2019-2028 USD Mn)

 

9. Asia Pacific Traffic Sensor Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
9.1.3. Asia Pacific Traffic Sensor Market by Technology (2019-2028 USD Mn)
9.1.4. Asia Pacific Traffic Sensor Market by Application (2019-2028 USD Mn)
9.1.5. Asia Pacific Traffic Sensor Market by Country (2019-2028 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
9.1.5.1.2. China Traffic Sensor Market by Technology (2019-2028 USD Mn)
9.1.5.1.3. China Traffic Sensor Market by Application (2019-2028 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
9.1.5.2.2. Japan Traffic Sensor Market by Technology (2019-2028 USD Mn)
9.1.5.2.3. Japan Traffic Sensor Market by Application (2019-2028 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Traffic Sensor Market by Technology (2019-2028 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Traffic Sensor Market by Application (2019-2028 USD Mn)

 

10. Latin America (LATAM) Traffic Sensor Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
10.1.3. Latin America Traffic Sensor Market by Technology (2019-2028 USD Mn)
10.1.4. Latin America Traffic Sensor Market by Application (2019-2028 USD Mn)
10.1.5. Latin America Traffic Sensor Market by Country (2019-2028 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
10.1.5.1.2. Brazil Traffic Sensor Market by Technology (2019-2028 USD Mn)
10.1.5.1.3. Brazil Traffic Sensor Market by Application (2019-2028 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
10.1.5.2.2. Mexico Traffic Sensor Market by Technology (2019-2028 USD Mn)
10.1.5.2.3. Mexico Traffic Sensor Market by Application (2019-2028 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
10.1.5.3.2. Rest of Latin America Traffic Sensor Market by Technology (2019-2028 USD Mn)
10.1.5.3.3. Rest of Latin America Traffic Sensor Market by Application (2019-2028 USD Mn)

 

11. Middle East and Africa Traffic Sensor Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1.1. Overview
11.1.2. MEA Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
11.1.3. MEA Traffic Sensor Market by Technology (2019-2028 USD Mn)
11.1.4. MEA Traffic Sensor Market by Application (2019-2028 USD Mn)
11.1.5. Middle East and Africa Traffic Sensor Market, by Country (2019-2028 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
11.1.5.1.2. GCC Traffic Sensor Market by Technology (2019-2028 USD Mn)
11.1.5.1.3. GCC Traffic Sensor Market by Application (2019-2028 USD Mn)
11.1.5.2. South Africa
11.1.5.2.1. South Africa Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
11.1.5.2.2. South Africa Traffic Sensor Market by Technology (2019-2028 USD Mn)
11.1.5.2.3. South Africa Traffic Sensor Market by Application (2019-2028 USD Mn)
11.1.5.3. Rest of MEA
11.1.5.3.1. Rest of MEA Traffic Sensor Market by Sensor Type (2019-2028 USD Mn)
11.1.5.3.2. Rest of MEA Traffic Sensor Market by Technology (2019-2028 USD Mn)
11.1.5.3.3. Rest of MEA Traffic Sensor Market by Application (2019-2028 USD Mn)

 

12. Company Profiles


12.1. EFKON
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. International Road Dynamics
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Siemens
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Q-Free ASA
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Kapsch TrafficCom AG
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Axis Communications AB
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Flir Systems
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Kistler Group
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Raytheon Company
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Sensys Networks
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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