For traffic management, automatic incident detection, and data collection, traffic sensors are utilised. Traffic sensors give standard data on traffic, speed, and area occupancy, which is useful for avoiding congestion in major cities. Furthermore, these sensors aid in the correct measurement of average flow speed, allowing distinct service levels such as dense, congested, queue, and fluid to be distinguished. Transportation networks are more efficient and capable thanks to traffic sensors.
Different types of Traffic Sensor Market include inductive-loop detectors, video image processors, magnetometers, laser radar sensors, microwave radar sensors, ultrasonic sensors, passive infrared sensors, and passive acoustic sensors. Incident detection, traffic signal control, mainline control, and vehicle volume measurement are all applications for these sensors.
Growing traffic volume is one of the primary reasons projected to drive the global traffic sensor market forward. Furthermore, in growing economies such as India, China, and Brazil, a lack of effective highways in urban, intercity, and rural areas is a key cause of excessive road traffic. This necessitates the use of traffic sensors to manage road traffic and reduce congestion.
Regional Insights into the Global Traffic Sensor Market
North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa are the regions that make up the worldwide traffic sensor market. In 2018, North America accounted for the highest proportion of the global traffic sensor market. The United States is the leading growth engine in the North American industry, because to the US government's increased attempts to upgrade transportation infrastructure and install intelligent transportation systems (ITS). For example, the America's Surface Transportation Act, sometimes known as the "FAST Act," was enacted in 2015 to address road traffic congestion, improve transportation throughout the country, increase the efficiency of transportation networks and commercial vehicles, and reduce vehicle emissions.
Key Developments in the Global Traffic Sensor Market
Sensys Networks, Inc., the world's leading provider of integrated wireless traffic data systems for Smart Cities, will merge with TagMaster, a global provider of sensor-based traffic, tolling, parking, and rail solutions, in May 2019. More customers throughout the world will benefit from the combined entity's greater depth and breadth of cutting-edge data solutions. The united firm will provide applications throughout the whole Smart City solution spectrum by combining Sensys Networks' wireless infrastructure with TagMaster application solutions for traffic sensing, tolling, parking, and rail.
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