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US Traffic Sensor Market (2022-2027) by Type, Technology, Application, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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  • 180 Pages
  • March 2022
  • Region: United States
  • Infogence Global Research
  • ID: 5585766
The US Traffic Sensor Market is estimated to be USD 136.41 Mn in 2022 and is projected to reach USD 211.33 Mn by 2027, growing at a CAGR of 9.15%.

Market dynamics are forces that impact the prices and behaviors of the US Traffic Sensor Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The US Traffic Sensor Market is segmented based on Type, Technology, Application, and Geography.
  • By Type, the market is classified into Inductive Loop, Piezoelectric Sensor, Bending Plate, Image Sensor, Infrared Sensor, Radar Sensor, LiDAR Sensor, Magnetic Sensor, Acoustic Sensor, and Thermal Sensor.
  • By Technology, the market is classified into 2D Sensor, 3D Sensor, Global System For Mobile Communication (GSM), and Radiofrequency Identification (RFID).
  • By Application, the market is classified into Vehicle Measurement and Profiling, Weigh In Motion, Traffic Monitoring, and Automated Tolling (E-Toll).
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Blyncsy Inc, Diablo Controls Inc, Efkon GmbH, Q-Free ASA, Image Sensing Systems Inc, Kapsch Trafficcom Ag, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Traffic Sensor Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US Traffic Sensor Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Traffic Sensor Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the US Traffic Sensor Market

What is the estimated value of the US Traffic Sensor Market?

The US Traffic Sensor Market was estimated to be valued at $136.41 Million in 2022.

What is the growth rate of the US Traffic Sensor Market?

The growth rate of the US Traffic Sensor Market is 9.1%, with an estimated value of $211.33 Million by 2027.

What is the forecasted size of the US Traffic Sensor Market?

The US Traffic Sensor Market is estimated to be worth $211.33 Million by 2027.

Who are the key companies in the US Traffic Sensor Market?

Key companies in the US Traffic Sensor Market include Blyncsy Inc, Diablo Controls Inc, Efkon GmbH, Q, Free ASA, Image Sensing Systems Inc, Kapsch Trafficcom Ag, Kistler Group and Sensys Networks.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increased Focus on Promoting Road Safety Awareness with Rapid Urbanization and Growing Population
4.1.2 Strong Focus of Governments Worldwide on Building Extensive and Efficient Transport Infrastructure
4.1.3 Increased Investments in Building Smart Cities
4.1.4 Urgent Need to Deploy Real-Time Information Systems in Transport Infrastructure
4.2 Restraints
4.2.1 High Installation Cost and Indispensable Prerequisites of Non-Intrusive Sensors
4.2.2 Deterioration of Road Pavements and Traffic Disruptions During Installation and Maintenance of Traffic Sensors
4.3 Opportunities
4.3.1 Growing Importance of Cycling Infrastructure Leading to Higher Adoption of Bicycle Counting Sensors
4.3.2 Increasing Focus on Integrating ITS with IoT and AI Technologies
4.3.3 Rising Adoption of Electric and Autonomous Vehicles as New Modes of Transportation
4.4 Challenges
4.4.1 High Amount of Noise In Raw and Unfiltered Floating Cellular Data
4.4.2 Challenges Associated with Data Fusion Due to Deployment of Multiple Sensors
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 US Traffic Sensor Market, By Type
6.1 Introduction
6.2 Inductive Loop
6.3 Piezoelectric Sensor
6.4 Bending Plate
6.5 Image Sensor
6.6 Infrared Sensor
6.7 Radar Sensor
6.8 LiDAR Sensor
6.9 Magnetic Sensor
6.10 Acoustic Sensor
6.11 Thermal Sensor
7 US Traffic Sensor Market, By Technology
7.1 Introduction
7.2 2D Sensor
7.3 3D Sensor
7.4 Global System For Mobile Communication (GSM)
7.5 Radiofrequency Identification (RFID)
8 US Traffic Sensor Market, By Application
8.1 Introduction
8.2 Vehicle Measurement And Profiling
8.2.1 Vehicle Profiling
8.2.2 Axle Counting
8.3 Weigh In Motion
8.3.1 Weight Enforcement
8.3.2 Weight-Based Toll Collection
8.3.3 Traffic Data Collection
8.4 Traffic Monitoring
8.4.1 Vehicle Counting
8.4.2 Bicycle Counting
8.4.3 Vehicle Motion Tracking
8.5 Automate
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Blyncsy Inc
10.2 Diablo Controls Inc
10.3 Efkon GmbH
10.4 Q-Free ASA
10.5 Image Sensing Systems Inc
10.6 Kapsch Trafficcom Ag
10.7 Kistler Group
10.8 Raytheon Company
10.9 Sensys Networks
10.10 Swarco Holding
10.11 TE Connectivity
10.12 Teledyne FLIR LLC
10.13 TransCore
11 Appendix
11.1 Questionnaire

Companies Mentioned

  • Blyncsy Inc
  • Diablo Controls Inc
  • Efkon GmbH
  • Q-Free ASA
  • Image Sensing Systems Inc
  • Kapsch Trafficcom Ag
  • Kistler Group
  • Raytheon Company
  • Sensys Networks
  • Swarco Holding
  • TE Connectivity
  • Teledyne FLIR LLC
  • TransCore