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Traffic Sensor Market 2020 Set to Grow According to forecasts-TE Connectivity, TransCore, Urbiotica

The Traffic Sensor Market report aims to provide an overview of with detailed market segmentation by nature, form, application, distribution channel category and geography. The market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Traffic Sensor market players and offers key trends and opportunities in the market.

The traffic sensor is deployed on roads and have applications in vehicle measurement and profiling, weigh in motion, traffic monitoring, and automated tolling. The demand for traffic sensors is growing owing to the increasing demand for real-time information systems. Owing to the growing volumes of vehicles, companies operating in the traffic sensor market are focusing on the development of advanced and more efficient solutions.

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Top Key Players:- EFKON AG, FLIR Systems, Inc., International Road Dynamics Inc., Kapsch TrafficCom AG, Kyosan Electric Mfg. Co., Ltd., Sensor Line, TE Connectivity, TransCore, Urbiotica, Vossloh

Government initiatives to modify transport infrastructure, increasing urbanization, and increasing demand for real-time information systems are some of the significant factors driving the growth of the traffic sensor market. However, the high costs of these solutions might limit the growth of the traffic sensor market. The companies operating in the market are facing the challenge of deployment of multi-sensors for effective traffic control.

The report highlights key growth strategies adopted by these players of the Traffic Sensor industry, including details such as financial overview, product/ services offered, notable developments, and SWOT analysis.

The global traffic sensor market is segmented on the basis of type and application. Based on type, the market is segmented as inductive loop, piezoelectric sensor, bending plate, image sensor, infrared sensor, radar sensor, Lidar sensor, magnetic sensor, acoustic sensor, and others. Based on application, the market is segmented as Vehicle measurement and profiling, weigh in motion, traffic monitoring, and automated tolling.

The report analyzes factors affecting Traffic Sensor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Traffic Sensor market in these regions.

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Reason to Buy

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Traffic Sensor Market

– Highlights key business priorities in order to assist companies to realign their business strategies.

– The key findings and recommendations highlight crucial progressive industry trends in the Traffic Sensor Market, thereby allowing players to develop effective long term strategies.

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