The value of the traffic sensor market was $2997 million in 2020, and is expected to reach $57.84 million by 2027, with an annual average growth of 8% from 2021 to 2027.
Increasing adoption of bicycle counting sensors, increasing demand for real-time information systems, and increasing adoption of analytics-based transportation solutions are expected to drive the traffic sensor market for the forecasted year. The Global Traffic Sensor Market report provides a holistic assessment of the market. The report provides a comprehensive analysis of the key segments, trends, drivers, limitations, competitive landscape, and factors playing an important role in the market.
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A full report of Traffic Sensor Market available at: https://www.orionmarketreports.com/traffic-sensor-market/41193/
Traffic Sensor Market Segments:
By Sensors Type
• Inductive Loops
• Piezoelectric Sensors
• Image Sensors
• Infrared Sensors
• Lidar Sensors
• Radar Sensors
• Magnetic Sensors
• Acoustic Sensors
• Thermal Sensors
• Bending Plates
By Application
• Vehicle Measurement and Profiling
• Weigh in Motion (WIM)
• Traffic Monitoring
• Automated Tolling (E-Toll)
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