Global Traffic Sensor Market Smart Traffic Solutions and Urban Planning 2023 to 2028|EFKON, Kapsch, TransCore

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The Global Traffic Sensors Market was estimated at USD 589.5 million in 2023, and it is anticipated to expand at a CAGR of 8.3% over the next five years. The industry is being driven ahead by rising demand for real-time information systems and government initiatives to improve transportation infrastructure. Similar to increased cycling infrastructure, increased usage of bicycle counting beams in the traffic sensor industry is projected to create lucrative opportunities for market players. One of the main factors anticipated to drive the market ahead is an increase in transportation volume. Additionally, several governments have improved municipal infrastructure, which has facilitated the market's expansion. In order to finance Europe's transportation infrastructure, the European Commission is experimenting with innovative strategies.

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The Key companies profiled in the Traffic Sensor Market:
The study examines the Traffic Sensor Market's competitive landscape and includes data on EFKON, Kapsch, TransCore, Irdinc, Kistler, Flir, TE, Q-Free, SWARCO, SICK, Axis, Raytheon, Siemens & Others.

Global Traffic Sensor Market Split by Product Type and Applications

This report segments the Traffic Sensor Market on the basis of Types:
Inductive Loop
Piezoelectric Sensor
Piezoelectric Sensor
Bending Plate
Bending Plate
Image Sensor
Infrared Sensor
Radar Sensor
LiDAR Sensor

On the basis of Application, the Traffic Sensor Market is segmented into:
Vehicle measurement and profiling
Weigh in motion (WIM)
Traffic monitoring
Automated tolling (e-toll)

In order to combat the growing threat of road accidents, the government must also scale up efforts to promote awareness about a number of supply chain safety issues as well as the economic and social effects of traffic accidents. Additionally, it would encourage and empower a range of stakeholders to contribute significantly to improving road safety. The Government of India announces its determination to dramatically lower road accident mortality and morbidity through the same National Road Safety Policy. In addition, a lack of efficient roadways in metropolitan, intercity, and rural areas is a significant contributor to excessive traffic congestion in developing nations like India, China, and Brazil. This makes the product necessary in order to control traffic and ease congestion.

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In the market for traffic sensors worldwide, North America held the largest share. North America, which comprises industrialised nations like the United States and Canada, has been among the regions that spends the most on constructing new roads. The United States raised its investments in the nation's road transportation infrastructure by a remarkable 48.19%. This area has been an early adopter of new technologies, which is another factor boosting market growth. Additionally, a high CAGR is anticipated for the Asia Pacific region in the global market in 2022. Due to increased infrastructural development, the Asia-Pacific region, which includes China, Japan, India, Australia, and South Korea, is expanding quickly. The market has a lot of space to expand because there are so many emerging nations in these regions.

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Market Segmentation:
Traffic Sensor Market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Mobility on a personal and professional level is a big issue in urban areas. The general public now finds it challenging to commute due to increased traffic density brought on by growing urbanisation and population. The amount of business done both within cities and with partners outside of cities will also increase as the urban population grows. Major businesses and researchers are also testing the newest innovative technology in traffic monitoring. Researchers at the Texas Advanced Computing Centre (TACC) have started experimenting with traffic monitoring utilising Al, which will probably spur industry expansion in the future. These are additionally used to check whether vehicles have entered turn lanes or intersections to upgrade infrastructure in rural highways and places with less consistent traffic flow.

Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Traffic Sensor Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Traffic Sensor Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Traffic Sensor Market Analysis
Chapter 6 East Asia Traffic Sensor Market Analysis
Chapter 7 Europe Traffic Sensor Market Analysis
Chapter 8 South Asia Traffic Sensor Market Analysis
Chapter 9 Southeast Asia Traffic Sensor Market Analysis
Chapter 10 Middle East Traffic Sensor Market Analysis
Chapter 11 Africa Traffic Sensor Market Analysis
Chapter 12 Oceania Traffic Sensor Market Analysis
Chapter 13 South America Traffic Sensor Market Analysis
Chapter 14 Company Profiles and Key Figures in Traffic Sensor Business
Chapter 15 Global Traffic Sensor Market Forecast (2023-2028)
Chapter 16 Conclusions
Research Methodology...

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