Global Traffic Sensor Market Analysis, Trends, and Forecasts to 2025 - ResearchAndMarkets.com

DUBLIN--()--The "Traffic Sensor - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.

Traffic Sensor market worldwide is projected to grow by US$184.5 Million, driven by a compounded growth of 8.6%. Inductive loops, one of the segments analyzed and sized in this study, displays the potential to grow at over 7.9%.

The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$29.7 Million by the year 2025, Inductive loops will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 9.8% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$8.4 Million to the region's size and clout in the next 5 to 6 years. Over US$8.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Inductive loops will reach a market size of US$1.8 Million by the close of the analysis period.

As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.2% over the next couple of years and add approximately US$31.5 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.

Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:

  • AGD Systems Ltd.
  • Axis Communications AB
  • Diablo Controls Inc.
  • Efkon AG
  • FLIR Systems, Inc.
  • Image Sensing Systems, Inc.
  • International Road Dynamics, Inc.
  • Jenoptik AG
  • Kapsch TrafficCom AG
  • Kistler Group
  • LeddarTech Inc.
  • Miovision Technologies Inc.
  • Q-Free ASA
  • Raytheon Company
  • Sensys Network, Inc.
  • SICK AG
  • Siemens AG
  • SWARCO AG
  • TE Connectivity Ltd.
  • TransCore

For more information about this report visit https://www.researchandmarkets.com/r/6byl39

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900