Lucintel Blog: Lucintel Forecasts Traffic Sensor Market to Grow at a CAGR of 8% to 10% from 2020 to 2025

Tuesday, March 8, 2022

Lucintel Forecasts Traffic Sensor Market to Grow at a CAGR of 8% to 10% from 2020 to 2025

According to the recent study the traffic sensor market is projected to grow at a CAGR of 8% to 10% from 2020 to 2025. Growth in this market is primarily driven by government Initiatives to improve transportation infrastructure and increasing urbanization and population.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in traffic sensor market by product type (inductive loop, piezoelectric sensors, bending plates, image sensors, infrared sensors, radar sensors, LiDAR sensors, magnetic sensors, and others), technology (RFID, 3D/2D, GSM, and others), application (vehicle measurement and profiling, weigh in motion, traffic monitoring, automated tolling, and others), and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/traffic-sensor-market.aspx

“Traffic monitoring market is expected to remain the largest segment during the forecast period.”

Based on application, the traffic sensor market is segmented into vehicle measurement and profiling, weigh in motion, traffic monitoring, automated tolling, and others. Lucintel forecasts that the traffic monitoring market is expected to remain the largest segment due to increasing number of passenger cars is driving the need for advanced and optimized traffic management systems.

“North America will dominate the traffic sensor market in near future.”

North America will remain the largest region over the forecast period due to the presence of the highest urbanized landscapes in the world.

Download Brochure of this report by clicking on https://www.lucintel.com/traffic-sensor-market.aspx

Major players of traffic sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Kistler Group, Flir Systems Inc., TE Connectivity Ltd, SICK AG, Axis Communications AB, Raytheon Company, and Siemens are among the major traffic sensor providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/traffic-sensor-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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