The transportation sensor market was valued at USD 0.6 Bn in 2021. The market is projected to grow USD 1.9 Bn in 2028, at a CAGR of 7.4%. Transportation sensors are that sensors associated with embedded algorithms, signal conditioning and digital interface make up. Transportation sensors allow for the collection of precise environmental data with minimal noise. These sensors are used in IT applications such as analytics and machine-to-machine communication. The market will rise due to increased development and usage of IoT (Internet of Things). Multiple challenges, such as safety, pollution, and traffic congestion, make modern transportation networks extremely vulnerable. As previously said, new vehicle systems seek improved communication, which will be critical in ensuring operating efficiency. In-vehicle transportation sensors and their applications are being integrated by automakers in a variety of areas, including entertainment, traffic management, safety, and others.
Intelligent transportation systems (ITS), for example, were designed to provide traffic analysis, electronic surveillance, increased safety, and lower pollutant emissions. This necessitates the use of transportation sensors to manage road traffic and reduce congestion. Growing traffic volume is one of the primary reasons projected to drive the global transportation sensor market forward. Furthermore, in growing economies such as India, China, and Brazil, a lack of effective highways in urban, intercity, and rural areas is a key cause of excessive road traffic. As a result, transportation sensors can be used to ensure that existing roads are used to their full potential.
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A strong research methodology employed in the winning Transportation Sensor Market business report consists of data models that include Market Overview and Guide, Vendor Positioning Grid, Market Time Line Analysis, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Businesses can attain details about market drivers and market restraints which assist them to take presumption about reducing or increasing the production of particular product.
The report provides a comprehensive analysis of company profiles listed below:
AGD Systems
Amphenol Advanced Sensors
Diablo Controls, INC.
EFKON
FLIR Systems, Inc
Gems Sensors, Inc.
International Road Dynamics, Inc.,
Jenoptik AG
Kapsch TrafficCom
SICK AG
TE Connectivity
Others
Type Analysis of World Wide Market:
Piezoelectric Sensors
Inductive Loop Sensors
Magnetic Sensors
Infrared Sensors
Image Sensors
Others
Segmentation of global Transportation Sensor Market by Application:
Vehicle Measurement and Profiling
Weigh in Motion
Traffic Monitoring
Automated Tolling (E-Toll)
Market segment by Region/Country including:
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Spain etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
• South America (Brazil, Argentina and Colombia etc.)
• Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
This Transportation Sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Objectives of the Study
• To define, describe, segment, and forecast the global Transportation Sensor Market by technology, size, resolution, application, and region.
• To forecast the size of the Transportation Sensor market in North America, Europe, Asia Pacific (APAC), Latin America, and the Middle East & Africa.
• To provide detailed information about the factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges).
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market.
• To analyze market opportunities for stakeholders and provide details of the competitive leadership mapping for key players.
• To profile key players in the market and comprehensively analyze their core competencies and market shares.
• To track and analyze competitive developments such as acquisitions, product launches, collaborations, partnerships, agreements and expansions in the market.
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This research report gives detailed data about the major factors influencing the growth of the Transportation Sensor market at the global level forecast of the market size, in terms of value, market share by region and segment, regional market positions, segment and country opportunities for growth, Key company profiles, SWOT Analysis, product portfolio and growth strategies. In this report, the market’s essential sides such as top participants, expansion strategies, business models and other market features to improve market insight.
