Table of Content

"1    INTRODUCTION    28
1.1    STUDY OBJECTIVES    28
1.2    MARKET DEFINITION    28
1.2.1    INCLUSIONS AND EXCLUSIONS    29
1.3    STUDY SCOPE    29
1.3.1    MARKETS COVERED    29
FIGURE 1    MARKET SEGMENTATION    29
1.3.2    GEOGRAPHIC SCOPE    30
1.3.3    YEARS CONSIDERED    30
1.4    CURRENCY    30
1.5    LIMITATIONS    31
1.6    STAKEHOLDERS    31
1.7    SUMMARY OF CHANGES    31
2    RESEARCH METHODOLOGY    33
2.1    RESEARCH DATA    33
FIGURE 2    TRAFFIC SENSOR MARKET: RESEARCH DESIGN    34
2.1.1    SECONDARY DATA    35
2.1.1.1    Major secondary sources    35
2.1.1.2    Key data from secondary sources    36
2.1.2    PRIMARY DATA    36
2.1.2.1    Primary interviews with experts    37
2.1.2.2    Key data from primary sources    37
2.1.2.3    Key industry insights    38
2.1.2.4    Breakdown of primaries    38
2.1.3    SECONDARY AND PRIMARY RESEARCH    39
2.2    MARKET SIZE ESTIMATION    39
FIGURE 3    RESEARCH FLOW OF MARKET SIZE ESTIMATION    40
2.2.1    BOTTOM-UP APPROACH    40
FIGURE 4    MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM SALES OF TRAFFIC SENSOR PRODUCTS AND SOLUTIONS    40
2.2.1.1    Approach for capturing market size by bottom-up analysis
(demand side)    41
FIGURE 5    MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    41
2.2.2    TOP-DOWN APPROACH    42
FIGURE 6    TOP-DOWN APPROACH    42
2.3    MARKET BREAKDOWN AND DATA TRIANGULATION    43
FIGURE 7    DATA TRIANGULATION    43

2.4    RESEARCH ASSUMPTIONS    44
2.5    RISK ASSESSMENT    44
TABLE 1    RISK FACTOR ANALYSIS    44
2.6    FORECASTING ASSUMPTIONS    45
2.7    COMPETITIVE LEADERSHIP MAPPING METHODOLOGY    45
TABLE 2    EVALUATION CRITERIA    46
2.7.1    VENDOR INCLUSION CRITERIA    46
2.8    STUDY LIMITATIONS    46
3    EXECUTIVE SUMMARY    47
FIGURE 8    TRAFFIC SENSOR MARKET, BY TYPE, 2021 VS. 2026    48
FIGURE 1    TRAFFIC SENSOR MARKET, BY APPLICATION, 2021 VS. 2026    48
FIGURE 2    APAC TO EXHIBIT HIGHEST CAGR IN TRAFFIC SENSOR MARKET DURING FORECAST PERIOD    49
3.1    IMPACT ANALYSIS OF COVID-19 ON TRAFFIC SENSOR MARKET    50
FIGURE 3    TRAFFIC SENSOR MARKET SIZE IN PRE-COVID-19 AND POST-COVID-19 SCENARIOS    50
3.1.1    PRE-COVID-19 SCENARIO    50
3.1.2    POST-COVID-19 SCENARIO    50
4    PREMIUM INSIGHTS    51
4.1    ATTRACTIVE OPPORTUNITIES IN TRAFFIC SENSOR MARKET    51
FIGURE 4    INCREASED FOCUS ON PROMOTING ROAD SAFETY AWARENESS WITH RAPID URBANIZATION AND GROWING POPULATION FUEL MARKET GROWTH    51
4.2    TRAFFIC SENSOR MARKET, BY TECHNOLOGY    51
FIGURE 5    2D TRAFFIC SENSOR TECHNOLOGY TO HOLD LARGEST MARKET SHARE IN 2021    51
4.3    TRAFFIC SENSOR MARKET IN NORTH AMERICA, BY SENSOR TYPE  AND COUNTRY    52
FIGURE 6    IMAGE SENSORS AND US TO CAPTURE LARGEST SHARE OF NORTH AMERICAN TRAFFIC SENSOR MARKET IN 2021    52
4.4    TRAFFIC SENSOR MARKET, BY SENSOR TYPE    53
FIGURE 7    IMAGE SENSORS TO CAPTURE LARGEST SHARE OF TRAFFIC SENSOR MARKET DURING FORECAST PERIOD    53
4.5    TRAFFIC SENSOR MARKET, BY KEY COUNTRY    53
FIGURE 8    US TO HOLD LARGEST SHARE OF TRAFFIC SENSOR MARKET IN 2021    53
5    MARKET OVERVIEW    54
5.1    INTRODUCTION    54
5.2    MARKET DYNAMICS    55
FIGURE 9    TRAFFIC SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,
AND CHALLENGES    55
5.2.1    DRIVERS    56
FIGURE 10    IMPACT OF DRIVERS ON TRAFFIC SENSOR MARKET    56
5.2.1.1    Increased focus on promoting road safety awareness with rapid urbanization and growing population    56
FIGURE 11    INCREASE IN GLOBAL TRAFFIC CONGESTION LEVEL WITH GROWING URBAN POPULATION FROM 2015 TO 2020    57
5.2.1.2    Strong focus of governments worldwide on building extensive and efficient transport infrastructure    58
5.2.1.3    Increased investments in building smart cities    58
TABLE 3    TOP 15 SMART CITIES IN WORLD, 2020 VS. 2021    59
TABLE 4    SMART CITY INITIATIVES AND INVESTMENTS    60
5.2.1.4    Urgent need to deploy real-time information systems in transport infrastructure    61
5.2.2    RESTRAINTS    62
FIGURE 12    IMPACT OF RESTRAINTS ON TRAFFIC SENSOR MARKET    62
5.2.2.1    High installation cost and indispensable prerequisites of non-intrusive sensors    62
5.2.2.2    Deterioration of road pavements and traffic disruptions during installation and maintenance of traffic sensors    63
5.2.3    OPPORTUNITIES    64
FIGURE 13    IMPACT OF OPPORTUNITIES ON THE TRAFFIC SENSOR MARKET    64
5.2.3.1    Growing importance of cycling infrastructure leading to higher adoption of bicycle counting sensors    64
FIGURE 14    PATENTS FOR BICYCLE COUNTER SENSORS BETWEEN 2010 AND 2020    65
5.2.3.2    Increasing focus on integrating ITS with loT and AI technologies    65
5.2.3.3    Rising adoption of electric and autonomous vehicles as new modes of transportation    66
5.2.4    CHALLENGES    67
FIGURE 15    IMPACT OF CHALLENGES ON TRAFFIC SENSOR MARKET    67
5.2.4.1    High amount of noise in raw and unfiltered floating cellular data    68
5.2.4.2    Challenges associated with data fusion due to deployment of multiple sensors    68
5.3    VALUE CHAIN ANALYSIS    69
FIGURE 16    VALUE CHAIN ANALYSIS OF TRAFFIC SENSORS ECOSYSTEM: MANUFACTURING, ASSEMBLY, AND SYSTEM INTEGRATION PHASES CONTRIBUTE MOST VALUE    69
5.3.1    PLANNING AND REVISING FUNDS    69
5.3.2    RESEARCH AND DEVELOPMENT    70
5.3.3    MANUFACTURING AND ASSEMBLY & SYSTEM INTEGRATION    70
5.3.4    DISTRIBUTION AND AFTER-SALES SERVICES    70
5.4    ECOSYSTEM    71
FIGURE 17    TRAFFIC SENSORS ECOSYSTEM    71
TABLE 5    LIST OF COMPANIES AND THEIR ROLE IN TRAFFIC SENSORS ECOSYSTEM    72
5.5    TRENDS IMPACTING CUSTOMERS’ BUSINESS    73
FIGURE 18    REVENUE SHIFT IN TRAFFIC SENSOR MARKET    73

5.6    CASE STUDIES    73
5.6.1    EFKON IS WORKING WITH VARANASI SMART CITY LIMITED (INDIA) TO DEVELOP VARANASI SMART CITY INFORMATION AND COMMUNICATION TECHNOLOGY (ICT) SOLUTIONS    73
5.6.2    SMATS TRAFFIC SOLUTIONS (CANADA) OFFERS REAL-TIME QUEUE MONITORING AND SIGNAL TIMING SOLUTIONS FOR FLORIDA DEPARTMENT OF TRANSPORTATION (FDOT) BY UTILISING VEHICLE-TO-NETWORK (V2N) COMMUNICATION    74
5.6.3    AGD SYSTEMS (UK) OFFERS COMBINATION OF PEDESTRIAN DETECTOR SENSORS TO MANAGE TRAFFIC IN NEW SOUTH WALES, AUSTRALIA    75
5.6.4    SWARCO (AUSTRIA) COLLABORATED WITH ADG SYSTEMS (UK) TO DEVELOP ADVANCED WARNING SYSTEM FOR SAFETY OF CYCLISTS ON BEDFORDSHIRE'S COUNTRY LANES IN UK    76
5.6.5    KAPSCH TRAFFICCOM (AUSTRIA) UPGRADED TOLL COLLECTION EQUIPMENT ON MARYLAND ROADS IN US    76
5.7    PORTER’S FIVE FORCES ANALYSIS    77
FIGURE 19    PORTER’S FIVE FORCES ANALYSIS    77
TABLE 6    TRAFFIC SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS    78
5.7.1    THREAT OF NEW ENTRANTS    78
5.7.2    THREAT OF SUBSTITUTES    78
5.7.3    BARGAINING POWER OF BUYERS    78
5.7.4    BARGAINING POWER OF SUPPLIERS    79
5.7.5    INTENSITY OF COMPETITIVE RIVALRY    79
5.8    TECHNOLOGY TRENDS    79
5.8.1    KEY TECHNOLOGY    79
5.8.1.1    Advent of vehicle-to-everything (V2X) technology owing to its benefits and features    79
TABLE 7    V2X COMMUNICATION TECHNOLOGY    80
5.8.1.2    Rapid development of smart imaging sensors and powerful image processors    81
FIGURE 20    PATENTS FOR TRAFFIC IMAGE SENSORS BETWEEN 2010 AND 2020    83
5.8.2    COMPLEMENTARY TECHNOLOGY    83
5.8.2.1    Growing advancement in AI, IoT, and big data analytics    83
5.8.2.2    Edge computing and advent of 5G technology    84
5.9    TRADE ANALYSIS    84
5.9.1    IMPORT SCENARIO    84
5.9.1.1    Import scenario for traffic sensor market    84
TABLE 8    ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (INCLUDING TRAFFIC SENSORS) IMPORTS, BY KEY COUNTRY, 2011–2020 (USD MILLION)    85
FIGURE 21    IMPORT DATA FOR ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (INCLUDING TRAFFIC SENSORS) IN MARKET FOR TOP FIVE COUNTRIES, 2016–2020 (USD MILLION)    85

5.9.2    EXPORT SCENARIO    86
5.9.2.1    Export scenario for traffic sensor market    86
TABLE 9    ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (INCLUDING TRAFFIC SENSORS) EXPORTS, BY KEY COUNTRY, 2011–2020 (USD MILLION)    86
FIGURE 22    EXPORT DATA FOR ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (INCLUDING TRAFFIC SENSORS) IN MARKET FOR TOP FIVE COUNTRIES, 2016–2020 (USD MILLION)    87
5.10    PATENT ANALYSIS    87
TABLE 10    TOP 10 PATENT OWNERS IN LAST 10 YEARS (2011–2020)    87
TABLE 11    PATENTS FILED FOR VARIOUS TYPES OF TRAFFIC SENSORS, 2020    88
FIGURE 23    TRAFFIC SENSOR PATENTS GRANTED BETWEEN 2011 AND 2020    91
FIGURE 24    TOP 10 COMPANIES WITH LARGEST NUMBER OF PATENT APPLICATIONS,  2011–2020    91
5.11    TARIFFS AND REGULATIONS    92
5.11.1    TARIFFS    92
TABLE 12    WORLD IMPORT TARIFFS FOR ELECTRIC SIGNAL, SAFETY & TRAFFIC CONTROLLER PARTS (SIMPLE AVERAGE) VIEW DATA SAVE IMAGE SHARE,
BY KEY COUNTRY    92
5.11.1.1    Positive impact of tariffs on traffic sensors ecosystem    93
5.11.1.2    Negative impact of tariffs on traffic sensors ecosystem    93
5.11.2    REGULATIONS AND STANDARDS    93
FIGURE 25    VARIOUS STANDARDS FOR TRAFFIC SENSORS    93
5.11.2.1    ISO standards    93
5.11.2.1.1    ISO 17386:2010    93
5.11.2.1.2    ISO/TS 15624:2001    93
5.11.2.1.3    ISO/IEC 30128:2014    94
5.11.2.1.4    ISO 15638-21:2018    94
5.11.2.2    Federal Communication Commission (FCC) Regulations    94
5.11.2.3    Regulations for different regions    95
TABLE 13    REGULATIONS FOR DIFFERENT REGIONS    95
5.12    AVERAGE SELLING PRICE    96
TABLE 14    AVERAGE SELLING PRICE OF TRAFFIC SENSOR, BY TYPE (USD)    96
FIGURE 26    ASP TREND FOR TRAFFIC SENSORS BETWEEN 2018 AND 2026    97
FIGURE 27    ASP TREND FOR BENDING PLATE SENSORS FROM 2018 TO 2026    97
6    TRAFFIC SENSOR MARKET, BY SENSOR TYPE    98
6.1    INTRODUCTION    99
FIGURE 28    TRAFFIC SENSOR MARKET, BY SENSOR TYPE    99
TABLE 15    TRAFFIC SENSOR MARKET, BY SENSOR TYPE, 2018–2020 (MILLION UNITS)    99
TABLE 16    TRAFFIC SENSOR MARKET, BY SENSOR TYPE, 2021–2026 (MILLION UNITS)    100
FIGURE 29    IMAGE SENSORS TO HOLD LARGEST SIZE OF TRAFFIC SENSOR MARKET
IN 2026    100
TABLE 17    TRAFFIC SENSOR MARKET, BY SENSOR TYPE, 2018–2020 (USD MILLION)    101
TABLE 18    TRAFFIC SENSOR MARKET, BY SENSOR TYPE, 2021–2026 (USD MILLION)    101
6.2    PIEZOELECTRIC SENSORS    102
6.2.1    PIEZOELECTRIC SENSORS ARE USED FOR MEASURING GENERATED ELECTRIC CHARGE OR ANY MECHANICAL DEFORMATION    102
FIGURE 30    PIEZOELECTRIC TRAFFIC SENSOR MARKET, BY SENSOR TYPE    102
TABLE 19    TRAFFIC SENSOR MARKET FOR PIEZOELECTRIC SENSORS, BY REGION,  2018–2020 (USD MILLION)    103
TABLE 20    TRAFFIC SENSOR MARKET FOR PIEZOELECTRIC SENSORS, BY REGION,  2021–2026 (USD MILLION)    103
TABLE 21    TRAFFIC SENSOR MARKET FOR PIEZOELECTRIC SENSORS, BY TYPE,  
2018–2020 (USD MILLION)    103
TABLE 22    TRAFFIC SENSOR MARKET FOR PIEZOELECTRIC SENSORS, BY TYPE,  
2021–2026 (USD MILLION)    104
6.2.2    CERAMIC    104
6.2.2.1    Ceramic piezoelectric sensors offer fast response and highly accurate operation resonance in real time    104
6.2.3    QUARTZ    104
6.2.3.1    Quartz piezoelectric sensors are used to minimize effort to install sensors across highways    104
6.3    BENDING PLATE SENSORS    105
6.3.1    BENDING PLATE SENSORS ARE WIDELY USED IN WIM APPLICATIONS    105
TABLE 23    TRAFFIC SENSOR MARKET FOR BENDING PLATE SENSORS, BY REGION,  2018–2020 (USD MILLION)    105
TABLE 24    TRAFFIC SENSOR MARKET FOR BENDING PLATE SENSORS, BY REGION,  2021–2026 (USD MILLION)    105
6.4    INDUCTIVE LOOP SENSORS    106
6.4.1    INDUCTIVE LOOP SENSORS ARE USED TO DETECT AND COUNT NUMBER
OF VEHICLES    106
TABLE 25    TRAFFIC SENSOR MARKET FOR INDUCTIVE LOOP SENSORS, BY REGION,  2018–2020 (USD MILLION)    106
TABLE 26    TRAFFIC SENSOR MARKET FOR INDUCTIVE LOOP SENSORS, BY REGION,  2021–2026 (USD MILLION)    106
6.5    MAGNETIC SENSORS    107
6.5.1    MAGNETIC SENSORS CAN BE USED AS CONTACTLESS DETECTION SENSORS    107
FIGURE 31    GLOBAL MARKET SIZE FOR AUTOMOTIVE MAGNETIC SENSORS,
2017 VS. 2030    107
TABLE 27    TRAFFIC SENSOR MARKET FOR MAGNETIC SENSORS, BY REGION,  
2018–2020 (USD MILLION)    108
TABLE 28    TRAFFIC SENSOR MARKET FOR MAGNETIC SENSORS, BY REGION,  
2021–2026 (USD MILLION)    108
6.6    ACOUSTIC SENSORS    108
6.6.1    ACOUSTIC SENSORS ARE HELPFUL IN MEASURING SOUND LEVELS    108
TABLE 29    TRAFFIC SENSOR MARKET FOR ACOUSTIC SENSORS, BY REGION,  
2018–2020 (USD MILLION)    109
TABLE 30    TRAFFIC SENSOR MARKET FOR ACOUSTIC SENSORS, BY REGION,  
2021–2026 (USD MILLION)    109

6.7    INFRARED SENSORS    109
6.7.1    INFRARED SENSORS ARE USEFUL IN IDENTIFYING VEHICLES AND ESTIMATING THEIR SPEED    109
TABLE 31    TRAFFIC SENSOR MARKET FOR INFRARED SENSORS, BY REGION,  
2018–2020 (USD MILLION)    110
TABLE 32    TRAFFIC SENSOR MARKET FOR INFRARED SENSORS, BY REGION,  
2021–2026 (USD MILLION)    110
6.8    IMAGE SENSORS    111
6.8.1    IMAGE SENSORS ARE USED TO DETECT PARKED AND MOVING VEHICLES    111
TABLE 33    TRAFFIC SENSOR MARKET FOR IMAGE SENSORS, BY REGION,  
2018–2020 (USD MILLION)    111
TABLE 34    TRAFFIC SENSOR MARKET FOR IMAGE SENSORS, BY REGION,  
2021–2026 (USD MILLION)    111
6.9    RADAR SENSORS    112
6.9.1    RADAR SENSORS ARE USED TO FIND VELOCITY AND ACCURATE POSITION OF DISTANT OBJECTS    112
TABLE 35    TRAFFIC SENSOR MARKET FOR RADAR SENSORS, BY REGION,  
2018–2020 (USD MILLION)    112
TABLE 36    TRAFFIC SENSOR MARKET FOR RADAR SENSORS, BY REGION,  
2021–2026 (USD MILLION)    113
6.10    LIDAR SENSORS    113
6.10.1    LIDAR SENSORS ARE UTILIZED TO ACHIEVE REAL-TIME INFORMATION ABOUT VEHICLE COUNT, TYPE, POSITION, DIRECTION, AND SPEED    113
TABLE 37    TRAFFIC SENSOR MARKET FOR LIDAR SENSORS, BY REGION,
2018–2020 (USD MILLION)    113
TABLE 38    TRAFFIC SENSOR MARKET FOR LIDAR SENSORS, BY REGION,
2021–2026 (USD MILLION)    114
6.11    THERMAL SENSORS    114
6.11.1    THERMAL SENSORS ARE USED WHEN THERE IS LACK OF LIGHT TO CAPTURE VEHICLE IMAGES    114
TABLE 39    TRAFFIC SENSOR MARKET FOR THERMAL SENSORS, BY REGION,  
2018–2020 (USD MILLION)    115
TABLE 40    TRAFFIC SENSOR MARKET FOR THERMAL SENSORS, BY REGION,  
2021–2026 (USD MILLION)    115
7    TRAFFIC SENSOR MARKET, BY TECHNOLOGY    116
7.1    INTRODUCTION    117
FIGURE 32    3D SENSOR TECHNOLOGY TO EXHIBIT HIGHEST CAGR IN TRAFFIC SENSOR MARKET DURING FORECAST PERIOD    117
TABLE 41    TRAFFIC SENSOR MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION)    118
TABLE 42    TRAFFIC SENSOR MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)    118
7.2    2D SENSOR    119
7.2.1    PROMINENT PRESENCE OF VENDORS, SMALL FORM FACTOR, AND LOW INVESTMENT PROPEL MARKET GROWTH FOR 2D SENSORS    119

7.3    3D SENSOR    119
7.3.1    3D SENSORS CAN CAPTURE REAL-TIME DATA FOR EASY IDENTIFICATION OF VEHICLES, DATA ACQUISITION, POINT CLOUD CLASSIFICATION, AND 3D VISUALIZATION    119
7.4    GLOBAL SYSTEM FOR MOBILE COMMUNICATION (GSM)    120
7.4.1    GSM TECHNOLOGY MANAGES TRAFFIC BY COLLECTING LOCATION DATA, SPEED, DIRECTION OF TRAVEL, AND TIME INFORMATION FROM MOBILE PHONES IN MOVING VEHICLES    120
7.5    RADIOFREQUENCY IDENTIFICATION (RFID)    121
7.5.1    V2X COLLISION DETECTION SYSTEM UTILIZES RFID TECHNOLOGY TO DETECT VEHICLE PRESENCE ON ROAD INTERSECTIONS    121
8    TRAFFIC SENSOR MARKET, BY APPLICATION    122
8.1    INTRODUCTION    123
FIGURE 33    TRAFFIC SENSOR MARKET, BY APPLICATION    123
FIGURE 34    TRAFFIC MONITORING APPLICATION TO HOLD LARGEST SIZE OF TRAFFIC SENSOR MARKET BETWEEN 2021 AND 2026    123
TABLE 43    TRAFFIC SENSOR MARKET, BY APPLICATION, 2018–2020 (USD MILLION)    124
TABLE 44    TRAFFIC SENSOR MARKET, BY APPLICATION, 2021–2026 (USD MILLION)    124
8.2    VEHICLE MEASUREMENT AND PROFILING    125
8.2.1    VEHICLE RECOGNITION, CLASSIFICATION, AND AXLE COUNTING ARE MAJOR APPLICATIONS OF TRAFFIC SENSORS    125
8.2.2    VEHICLE PROFILING    125
8.2.2.1    Vehicle profiling can be done through traffic sensors    125
8.2.3    AXLE COUNTING    125
8.2.3.1    Axle counter enables error-free detection and counting of vehicle axles in multi-lane roads and free-flowing traffic    125
TABLE 45    TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY REGION, 2018–2020 (USD MILLION)    125
TABLE 46    TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY REGION, 2021–2026 (USD MILLION)    126
TABLE 47    TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)    126
TABLE 48    TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)    126
8.3    WEIGH IN MOTION    127
8.3.1    TRAFFIC SENSORS PROVIDE ACCURATE DATA REGARDING GROSS WEIGHTS OF VEHICLES IN MOTION AND INDIVIDUAL AXLE LOADS WITHOUT DISTURBING TRAFFIC FLOW    127
FIGURE 35    TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD    127
TABLE 49    TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION, BY REGION,  2018–2020 (USD MILLION)    128
TABLE 50    TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION, BY REGION,  2021–2026 (USD MILLION)    128
TABLE 51    TRAFFIC SENSOR MARKET FOR WEIGHT IN MOTION APPLICATION, BY TYPE,  2018–2020 (USD MILLION)    128
TABLE 52    TRAFFIC SENSOR MARKET FOR WEIGHT IN MOTION APPLICATION, BY TYPE,  2021–2026 (USD MILLION)    129
8.3.2    WEIGHT ENFORCEMENT    129
8.3.2.1    Weight enforcement application ensures detection of overloaded vehicles in real time    129
8.3.3    WEIGHT-BASED TOLL COLLECTION    129
8.3.3.1    Weight-based toll collection systems present option to sanction loading limit violations or deny access to bridges roads    129
8.3.4    TRAFFIC DATA COLLECTION    129
8.3.4.1    Traffic data collection systems are used to get continuous, reliable, complete, and accurate traffic and weight-related data    129
8.4    TRAFFIC MONITORING    130
8.4.1    TRAFFIC MONITORING SYSTEMS ARE INTEGRATED WITH TRAFFIC SENSORS TO MONITOR ON-ROAD TRAFFIC IN REAL TIME    130
FIGURE 36    NORTH AMERICA TO HOLD LARGEST SIZE OF TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION THROUGHOUT FORECAST PERIOD    130
TABLE 53    TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION,
BY REGION,  2018–2020 (USD MILLION)    131
TABLE 54    TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION,
BY REGION, 2021–2026 (USD MILLION)    131
TABLE 55    TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE,  2018–2020 (USD MILLION)    131
TABLE 56    TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE,  2021–2026 (USD MILLION)    132
8.4.2    VEHICLE COUNTING    132
8.4.2.1    Vehicle counting systems are integrated with traffic sensors for continuous recording of vehicle counts    132
8.4.3    BICYCLE COUNTING    132
8.4.3.1    Bicycle counting systems record count of cyclists and pedestrians separately    132
8.4.4    VEHICLE MOTION TRACKING    132
8.4.4.1    Vehicle motion tracking systems are integrated with traffic sensors to detect vehicles with higher accuracy    132
8.5    AUTOMATED TOLLING (E-TOLL)    133
8.5.1    AUTOMATED TOLLING SOLUTIONS ARE DEPLOYED TO COLLECT TOLL
FEES AT FASTER RATE    133
TABLE 57    TRAFFIC SENSOR MARKET FOR AUTOMATED TOLLING APPLICATION,
BY REGION,  2018–2020 (USD MILLION)    133
TABLE 58    TRAFFIC SENSOR MARKET FOR AUTOMATED TOLLING APPLICATION,
BY REGION,  2021–2026 (USD MILLION)    134
9    GEOGRAPHIC ANALYSIS    135
9.1    INTRODUCTION    136
FIGURE 37    TRAFFIC SENSOR MARKET IN REST OF APAC TO GROW AT HIGHEST CAGR BETWEEN 2021 AND 2026    136
FIGURE 38    APAC TO EXHIBIT HIGHEST CAGR IN TRAFFIC SENSOR MARKET DURING FORECAST PERIOD    137

TABLE 59    TRAFFIC SENSOR MARKET, BY REGION, 2018–2020 (USD MILLION)    137
TABLE 60    TRAFFIC SENSOR MARKET, BY REGION, 2021–2026 (USD MILLION)    137
9.2    NORTH AMERICA    138
FIGURE 39    NORTH AMERICA: SNAPSHOT OF TRAFFIC SENSOR MARKET    139
TABLE 61    TRAFFIC SENSOR MARKET IN NORTH AMERICA, BY SENSOR TYPE,  
2018–2020 (USD MILLION)    140
TABLE 62    TRAFFIC SENSOR MARKET IN NORTH AMERICA, BY SENSOR TYPE,  
2021–2026 (USD MILLION)    140
TABLE 63    TRAFFIC SENSOR MARKET IN NORTH AMERICA, BY APPLICATION,  
2018–2020 (USD MILLION)    141
TABLE 64    TRAFFIC SENSOR MARKET IN NORTH AMERICA, BY APPLICATION,  
2021–2026 (USD MILLION)    141
TABLE 65    NORTH AMERICA: TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)    142
TABLE 66    NORTH AMERICA: TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)    142
TABLE 67    NORTH AMERICA: TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION,  BY TYPE, 2018–2020 (USD MILLION)    142
TABLE 68    NORTH AMERICA: TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION,  BY TYPE, 2021–2026 (USD MILLION)    142
TABLE 69    NORTH AMERICA: TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION,  BY TYPE, 2018–2020 (USD MILLION)    143
TABLE 70    NORTH AMERICA: TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)    143
TABLE 71    TRAFFIC SENSOR MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2020 (USD MILLION)    143
TABLE 72    TRAFFIC SENSOR MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION)    144
9.2.1    US    144
9.2.1.1    US holds first rank in global traffic sensor market at present    144
9.2.2    CANADA    145
9.2.2.1    Government initiatives for development of smart cities and managing urban traffic congestion boost market growth in Canada    145
9.2.3    MEXICO    146
9.2.3.1    Strong inclination of country toward development and adoption of automated tolling systems to drive market growth in Mexico    146
9.3    EUROPE    147
FIGURE 40    EUROPE: SNAPSHOT OF TRAFFIC SENSOR MARKET    148
TABLE 73    TRAFFIC SENSOR MARKET IN EUROPE, BY SENSOR TYPE,
2018–2020 (USD MILLION)    149
TABLE 74    TRAFFIC SENSOR MARKET IN EUROPE, BY SENSOR TYPE,
2021–2026 (USD MILLION)    149
TABLE 75    TRAFFIC SENSOR MARKET IN EUROPE, BY APPLICATION,
2018–2020 (USD MILLION)    150
TABLE 76    TRAFFIC SENSOR MARKET IN EUROPE, BY APPLICATION,
2021–2026 (USD MILLION)    150
TABLE 77    EUROPE: TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT
AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)    150
TABLE 78    EUROPE: TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)    151
TABLE 79    EUROPE: TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION,
BY TYPE, 2018–2020 (USD MILLION)    151
TABLE 80    EUROPE: TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION,
BY TYPE, 2021–2026 (USD MILLION)    151
TABLE 81    EUROPE: TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)    152
TABLE 82    EUROPE: TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)    152
TABLE 83    TRAFFIC SENSOR MARKET IN EUROPE, BY COUNTRY,
2018–2020 (USD MILLION)    152
TABLE 84    TRAFFIC SENSOR MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION)    153
9.3.1    GERMANY    153
9.3.1.1    Collaboration of German government with companies offering smarter transport solutions stimulate market growth    153
9.3.2    UK    154
9.3.2.1    Investments in development and deployment of ITS encourage adoption of traffic sensors in UK    154
9.3.3    FRANCE    155
9.3.3.1    Technological advancement in transportation industry for accessing real-time information spur demand for traffic sensors in France    155
9.3.4    RUSSIA    155
9.3.4.1    Approval of funds by Russian government for implementation of ITS in country supports traffic sensor market growth    155
9.3.5    ITALY    156
9.3.5.1    Research and development activities and initiatives by local authorities to implement smart mobility systems foster traffic sensor market growth in Italy    156
9.3.6    SPAIN    157
9.3.6.1    Initiatives of local authorities to implement smart mobility systems fuel traffic sensor market in Spain    157
9.3.7    REST OF EUROPE    157
9.4    ASIA PACIFIC    158
FIGURE 41    ASIA PACIFIC: SNAPSHOT OF TRAFFIC SENSOR MARKET    159
TABLE 85    TRAFFIC SENSOR MARKET IN APAC, BY SENSOR TYPE,
2018–2020 (USD MILLION)    160
TABLE 86    TRAFFIC SENSOR MARKET IN APAC, BY SENSOR TYPE,
2021–2026 (USD MILLION)    160
TABLE 87    TRAFFIC SENSOR MARKET IN APAC, BY APPLICATION,
2018–2020 (USD MILLION)    161
TABLE 88    TRAFFIC SENSOR MARKET IN APAC, BY APPLICATION,
2021–2026 (USD MILLION)    161
TABLE 89    APAC: TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)    161
TABLE 90    APAC: TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)    162
TABLE 91    APAC: TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION,
BY TYPE,  2018–2020 (USD MILLION)    162
TABLE 92    APAC: TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION,
BY TYPE,  2021–2026 (USD MILLION)    162
TABLE 93    APAC: TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)    163
TABLE 94    APAC: TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)    163
TABLE 95    TRAFFIC SENSOR MARKET IN APAC, BY COUNTRY,
2018–2020 (USD MILLION)    163
TABLE 96    TRAFFIC SENSOR MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION)    164
9.4.1    CHINA    164
9.4.1.1    Robust transportation infrastructure, increasing investments in smart city projects, and faster economic development to drive market growth in China    164
9.4.2    JAPAN    165
9.4.2.1    High emphasis of Japan on improving road safety and traffic congestion creates lucrative opportunities for traffic sensor market    165
9.4.3    AUSTRALIA    165
9.4.3.1    Huge investments in traffic management systems and smart city projects to drive market in Australia    165
9.4.4    REST OF ASIA PACIFIC    166
9.5    ROW    167
FIGURE 42    ROW: SNAPSHOT OF TRAFFIC SENSOR MARKET    168
TABLE 97    TRAFFIC SENSOR MARKET IN ROW, BY SENSOR TYPE,
2018–2020 (USD MILLION)    169
TABLE 98    TRAFFIC SENSOR MARKET IN ROW, BY SENSOR TYPE,
2021–2026 (USD MILLION)    169
TABLE 99    TRAFFIC SENSOR MARKET IN ROW, BY APPLICATION,
2018–2020 (USD MILLION)    170
TABLE 100    TRAFFIC SENSOR MARKET IN ROW, BY APPLICATION,
2021–2026 (USD MILLION)    170
TABLE 101    ROW: TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)    170
TABLE 102    ROW: TRAFFIC SENSOR MARKET FOR VEHICLE MEASUREMENT AND PROFILING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)    171
TABLE 103    ROW: TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION,
BY TYPE,  2018–2020 (USD MILLION)    171
TABLE 104    ROW: TRAFFIC SENSOR MARKET FOR WEIGH IN MOTION APPLICATION,
BY TYPE,  2021–2026 (USD MILLION)    171
TABLE 105    ROW: TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2018–2020 (USD MILLION)    172
TABLE 106    ROW: TRAFFIC SENSOR MARKET FOR TRAFFIC MONITORING APPLICATION, BY TYPE, 2021–2026 (USD MILLION)    172
TABLE 107    TRAFFIC SENSOR MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)    172
TABLE 108    TRAFFIC SENSOR MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)    173

9.5.1    SOUTH AMERICA    173
9.5.1.1    Integration of IoT and GSM technologies in traffic management solutions to fuel need for traffic sensors    173
9.5.2    MIDDLE EAST & AFRICA    174
9.5.2.1    Implementation of sustainable traffic management systems to reduce traffic congestion supports growth of traffic sensor market
in MEA    174
10    COMPETITIVE LANDSCAPE    175
10.1    OVERVIEW    175
10.2    KEY PLAYER STRATEGIES/RIGHT TO WIN    175
10.2.1    OVERVIEW OF STRATEGIES DEPLOYED BY ORIGINAL EQUIPMENT MANUFACTURERS OF TRAFFIC SENSORS    175
10.3    COMPANY REVENUE ANALYSIS, 2020    177
TABLE 109    REVENUE ANALYSIS OF FIVE PLAYERS IN TRAFFIC SENSOR MARKET,  
2016–2020 (USD MILLION)    177
FIGURE 43    FIVE-YEAR REVENUE ANALYSIS OF KEY PLAYERS, 2016–2020    178
10.4    MARKET SHARE ANALYSIS, 2020    179
FIGURE 44    SHARES OF MAJOR PLAYERS IN TRAFFIC SENSOR MARKET, 2020    179
TABLE 110    TRAFFIC SENSOR MARKET: DEGREE OF COMPETITION    179
10.5    RANKING OF KEY PLAYERS IN TRAFFIC SENSOR MARKET    180
FIGURE 45    TRAFFIC SENSOR MARKET: RANKING OF KEY PLAYERS, 2020    180
10.6    COMPANY EVALUATION QUADRANT    181
10.6.1    STAR    181
10.6.2    PERVASIVE PLAYER    181
10.6.3    EMERGING LEADER    181
10.6.4    PARTICIPANT    181
FIGURE 46    TRAFFIC SENSOR MARKET: COMPANY EVALUATION QUADRANT, 2020    182
10.7    STARTUP/SME EVALUATION QUADRANT    182
10.7.1    PROGRESSIVE COMPANY    182
10.7.2    RESPONSIVE COMPANY    182
10.7.3    DYNAMIC COMPANY    183
10.7.4    STARTING BLOCK    183
FIGURE 47    TRAFFIC SENSOR MARKET: STARTUP/SME EVALUATION QUADRANT, 2020    183
10.8    TRAFFIC SENSOR MARKET: COMPANY FOOTPRINT    184
TABLE 111    FOOTPRINT OF COMPANIES    184
TABLE 112    APPLICATION FOOTPRINT OF COMPANIES    185
TABLE 113    TECHNOLOGY FOOTPRINT OF COMPANIES    186
TABLE 114    REGIONAL FOOTPRINT OF COMPANIES    187
10.9    COMPETITIVE SCENARIO AND TRENDS    188
FIGURE 48    MARKET EVALUATION FRAMEWORK: PRODUCT LAUNCHES AND DEVELOPMENTS, PARTNERSHIPS, COLLABORATIONS, AND ACQUISITIONS WERE MOST COMMONLY ADOPTED STRATEGIES BY MARKET PLAYERS FROM  2017 TO 2021    188
10.9.1    RECENT DEVELOPMENT    189
TABLE 115    TRAFFIC SENSOR MARKET: PRODUCT LAUNCHES AND DEVELOPMENTS    189
10.9.2    DEALS    190
TABLE 116    TRAFFIC SENSOR MARKET: DEALS    190
11    COMPANY PROFILES    192
11.1    KEY PLAYERS    192
(Business overview, Products offered, Recent Developments, MNM view)*
11.1.1    EFKON AG    192
TABLE 117    EFKON AG: BUSINESS OVERVIEW    192
11.1.2    KAPSCH TRAFFICCOM AG    196
TABLE 118    KAPSCH TRAFFICCOM AG: BUSINESS OVERVIEW    196
FIGURE 49    KAPSCH TRAFFICCOM AG: COMPANY SNAPSHOT    197
11.1.3    TRANSCORE    201
TABLE 119    TRANSCORE: BUSINESS OVERVIEW    201
11.1.4    INTERNATIONAL ROAD DYNAMICS INC.    205
TABLE 120    INTERNATIONAL ROAD DYNAMICS INC.: BUSINESS OVERVIEW    205
11.1.5    KISTLER GROUP    210
TABLE 121    KISTLER GROUP: BUSINESS OVERVIEW    210
11.1.6    FLIR SYSTEMS    212
TABLE 122    FLIR SYSTEMS: BUSINESS OVERVIEW    212
FIGURE 50    FLIR SYSTEMS: COMPANY SNAPSHOT    213
11.1.7    TE CONNECTIVITY LTD.    217
TABLE 123    TE CONNECTIVITY LTD.: BUSINESS OVERVIEW    217
FIGURE 51    TE CONNECTIVITY LTD.: COMPANY SNAPSHOT    218
11.1.8    SWARCO AG    220
TABLE 124    SWARCO AG: BUSINESS OVERVIEW    220
11.1.9    Q-FREE ASA    223
TABLE 125    Q-FREE ASA: BUSINESS OVERVIEW    223
FIGURE 52    Q-FREE ASA: COMPANY SNAPSHOT    224
11.1.10    SICK AG    228
TABLE 126    SICK AG: BUSINESS OVERVIEW    228
FIGURE 53    SICK AG: COMPANY SNAPSHOT    228
11.1.11    AXIS COMMUNICATIONS AB    230
TABLE 127    AXIS COMMUNICATIONS AB: BUSINESS OVERVIEW    230
FIGURE 54    AXIS COMMUNICATIONS AB: COMPANY SNAPSHOT    230
11.1.12    RAYTHEON COMPANY    233
TABLE 128    RAYTHEON COMPANY: BUSINESS OVERVIEW    233
FIGURE 55    RAYTHEON COMPANY: COMPANY SNAPSHOT    234
11.1.13    SIEMENS    236
TABLE 129    SIEMENS: BUSINESS OVERVIEW    237
FIGURE 56    SIEMENS: COMPANY SNAPSHOT    237
11.2    OTHER KEY PLAYERS    240
11.2.1    SENSYS NETWORKS    240
11.2.2    LEDDARTECH    241
11.2.3    IMAGE SENSING SYSTEMS (ISS)    242
11.2.4    AGD SYSTEMS    243
11.2.5    JENOPTIK    244
11.2.6    MIOVISION    245
11.2.7    DIABLO CONTROLS    246
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12    APPENDIX    247
12.1    POINTS TO BE DISCUSSED:    247
12.2    KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL    249
12.3    AVAILABLE CUSTOMIZATIONS    251
12.4    RELATED REPORT    251
12.5    AUTHOR DETAILS    252"