DUBLIN--(BUSINESS WIRE)--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.
For more information about this report visit https://www.researchandmarkets.com/r/6byl39