Global Traffic Sensor Market Size & Outlook, 2023-2030
Global traffic sensor market, 2018-2030 (US$M)
Global traffic sensor market highlights
- The global traffic sensor market generated a revenue of USD 23,075.9 million in 2023 and is expected to reach USD 35,829.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.5% by 2030.
- In terms of segment, piezoelectric sensors accounted for a revenue of USD 23,075.9 million in 2023.
- Piezoelectric Sensors is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 23,075.9 million |
| Market revenue in 2030 | USD 35,829.3 million |
| Growth rate | 6.5% (CAGR from 2024 to 2030) |
| Largest segment | Piezoelectric sensors |
| Fastest growing segment | Piezoelectric Sensors |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Piezoelectric Sensors |
Other key industry trends
- In terms of revenue, the North America accounted for 34.2% of the global traffic sensor market in 2023.
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Traffic Sensor Market Scope
Traffic Sensor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Econolite | View profile | 501-1000 | Anaheim, California, United States, North America | https://www.econolite.com |
| Raytheon Systems Ltd | View profile | - | Waltham, Massachusetts, United States, North America | https://www.raytheon.com/uk |
| Teledyne FLIR | View profile | 1001-5000 | Wilsonville, Oregon, United States, North America | http://www.flir.com |
| SWARCO | View profile | 5001-10000 | Wattens, Tirol, Austria, Europe | https://www.swarco.com/ |
| SICK, Inc | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | https://www.sick.com/us/en/ |
| Q-Free ASA Ordinary Shares | View profile | 369 | Strindfjordvegen 1, Ranheim, Norway, 7053 | https://www.q-free.com |
| TE Connectivity Ltd | View profile | 90000 | Muhlenstrasse 26, Schaffhausen, Switzerland, CH-8200 | https://www.te.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
Global traffic sensor market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to traffic sensor market will help companies and investors design strategic landscapes.
Piezoelectric sensors was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global traffic sensor market based on piezoelectric sensors covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Traffic Sensor Type Outlook (Revenue, USD Million, 2018-2030)
- Piezoelectric Sensors
- Inductive Loop Sensors
- Bending Plate Sensors
- Image Sensors
- Infrared Sensors
- Others
- Global Traffic Sensor Technology Outlook (Revenue, USD Million, 2018-2030)
- 2D Sensor
- 3D Sensor
- Radio Frequency Identification (RFID)
- Global System for Mobile communication (GSM)
- Other
- Global Traffic Sensor Application Outlook (Revenue, USD Million, 2018-2030)
- Vehicle Measurement and Profiling
- Weigh in Motion
- Traffic Monitoring
- Automated Tolling
- Other1
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Target buyers of Global traffic sensor market databook
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Our clientele includes a mix of traffic sensor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global traffic sensor market , including forecasts for subscribers. This global databook contains high-level insights into Global traffic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global traffic sensor market size, by regions, 2018-2030 (US$M)
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