Semiconductor and Electronic Survey

The   Traffic Sensor Market  is expected to grow rapidly. It is expected to reach a valuation of USD 809 million by 2026, up from an estimated USD 566 million in 2021. This represents a compound yearly growth rate (CAGR) of 7.4% throughout the forecast period. The worldwide need for sophisticated traffic management technologies is fueling this growth trend. In order to improve traffic flow efficiency, ensure safety, and support smart city projects, it is essential to deploy traffic sensors that make use of technologies like radar, lidar, and cameras. The market is anticipated to grow throughout the projected period as a result of the expected spike in traffic sensor deployment and the persistence of traffic-related difficulties brought on by urbanisation. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=162500361 The market for traffic sensors is expanding rapidly due to government attempts to improve transportation infrastructure and the g...

Over the course of the projection period, the   Traffic Sensor Market  is expected to rise significantly, with an estimated valuation of USD 566 million in 2021 rising to about USD 809 million by 2026, showing a compound yearly growth rate (CAGR) of 7.4%. The incorporation of cutting-edge technologies to improve transport networks and the rising demand for effective traffic management solutions are both responsible for this increase. The market's growth highlights its contribution to reducing urban congestion and fostering better traffic flow through the use of cutting-edge sensor technologies. Several important factors are fueling the demand for traffic sensors. In order to efficiently control traffic flow and congestion, real-time information systems are in greater demand. Government programmes aimed at modernising the transport system are also assisting in the market's growth. Additionally, the use of bicycle counting sensors within the traffic sensor market is being driven...