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Transportation Sensor Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 384 | Report ID: MRS1037


Report Description

The global Transportation Sensor market size is estimated at USD 480.9 million in 2020, expanding at a CAGR of 9.2% from 2021-2027 to reach 610.6 million USD in 2027.

Market Dynamics

The Transportation Sensor market is expected to witness substantial growth over the forecast period. The increasing demand for traffic sensors and passive sensors in the automobile sector is projected to boost the market growth. Transportation sensors are useful in safety, better operational efficiency, traffic congestion, and better connectivity. In addition, transportation sensor offers damage prevention, risk mitigation, analytics assistance, which helps in seamless information processing. Further, the rapid innovation from the automotive sector with increasing demand for advanced vehicles is anticipated to fuel the market growth.

In addition, modern vehicle systems are seeking better connectivity, which, in turn, will be instrumental to boosting operational efficiency. Moreover, the automakers are integrating in-vehicle transportation sensors and their subsequent applications in multiple areas such as traffic management, infotainment, safety, & others. Integration of advanced sensor technologies and continuous innovation may lead to the development of sensing techniques. All these key factors are estimated to foster the demand for transportation sensors.

North America is estimated to dominate the global market. The presence of large-scale manufacturers of transportation sensors across the region is boosting the market growth. The Asia Pacific is projected to grow at a substantial rate. The greater penetration of digital technologies is boosting the demand for advanced sensors in transportation. In addition, the growing demand from the consumer electronics sector is also contributing to market growth. Europe is projected to propel at a significant rate over the forecast period. Latin America is expected to hold a significant amount of market share.

The transportation sensor market is fragmented into type and application segments. Based on type, the piezoelectric sensor segment is anticipated to exceed at highest CAGR over the forecast period. By application, the automotive segment is projected to dominate with the highest market share. The Transportation Sensor market is moderately competitive in nature with the few international players dominating the market. Key players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, in 2019, AGD systems Ltd., has acquired Radix Traffic Limited a leading manufacturer to enhance its product portfolio.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Transportation sensors by type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Axis Communications Ab
  • Efkon Ag
  • AGD Systems Ltd.
  • Diablo Controls Inc.
  • Image Sensing Systems, Inc.
  • Kapsch Trafficcom Ag
  • Flir Systems, Inc.
  • Kistler Group
  • International Road Dynamics, Inc.
  • Jenoptik Ag
  • Miovision Technologies Inc.
  • Leddartech Inc.

Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Inductive Loop
  • Piezoelectric Sensor
  • Image Sensor
  • Infrared Sensors
  • Others

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Automotive
  • Railway
  • Heavy Equipment
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Transportation Sensor market size is estimated at USD 480.9 million in 2020, expanding at a CAGR 9.2% from 2021-2027 to reach 610.6 million USD in 2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

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