Traffic Sensor Market Overview, Analysis and Forecast 2026

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MarketsandMarkets Presents
The Traffic Sensor Market is estimated to be
valued at USD 566 million in 2021 and reach USD
809 million by 2026 it is anticipated to grow at
a CAGR of 7.4 during the forecast period
(20212026). The major factors driving the
growth of the traffic sensor market are growing
need for real-time information systems, and
government initiative to upgrade transport
infrastructure. However, several factors, such as
Deployment of multi-sensor data fusion technology
for effective traffic control, can act as a key
challenge in the market during the forecast
period.
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MarketsandMarkets Presents
Lidar Sensor Segment is projected to witness the
highest CAGR for the forecast period Lidar
Sensor is expected to grow at a higher CAGR
during the forecast period. The market for LiDAR
senor has seen the emergence of large number
start-ups, with high RD investments. Such
developments are likely to lead to significant
technical improvements and cost reductions in
solid-state LiDARs. Download PDF Sample _at_
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MarketsandMarkets Presents
Automated Tolling (E-Toll) to account for the
highest CAGR of Traffic Sensor market during the
forecast period The Automated Tolling (E-Toll) is
estimated to grow at the highest CAGR from 2021
to 2026 during the forecast period, as the growth
of this segment can be attributed because
automated tolling is rapidly becoming the most
popular way for commuters to pass through tolls
on highways and expressways. It is now a
necessity and a daily part of their lives. The
working of these systems is very fast, along with
an efficient mode for the collection of toll
charges at the toll plazas. This saves a lot of
time since vehicles passing through the toll
plaza need not stop to pay the toll, and the
payment is made automatically from the account of
the vehicle.
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MarketsandMarkets Presents
2D Segment will have the highest growth in the
coming years 2D segment is expected to account
for the highest growth of the Traffic Sensor
Market by 2026. Despite the numerous benefits of
3D sensor technology for quality traffic
monitoring applications, many traffic control
authorities continue to rely solely on 2D sensors
for quality control processes. While useful in a
limited number of scenarios, 2D sensor is limited
in its ability to achieve 100 quality control,
which is considered a major concern, especially
in case of multilane and heavy urban traffic
congestions, where near to 100 quality control
is a major preference. Due to these reasons,
although the 2D sensor will continue to dominate
the Traffic Sensor Market.
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MarketsandMarkets Presents
APAC is attributed to growing at the highest
CAGR in Traffic Sensor market during the forecast
period (2021-2026) The Traffic Sensor Market in
APAC has been segmented into China, Japan, and
Australia, which are the fastest-growing market
for traffic sensors. The fastest growth of the
APAC traffic sensor market is expected to be
driven by the increasing number of mega cities
and growing population in developed and
developing countries.
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MarketsandMarkets Presents
Key Market Players In 2020, the Traffic Sensor
market was dominated by EFKON (Austria), Siemens
(US), International Road Dynamics (Canada),
Kapsch TrafficCom (Austria), and Q-Free ASA
(Norway). For More Details - https//www.marketsa
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