Transportation Sensor Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
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.)
Table Of Content
1. Transportation Sensor Market Overview
1.1. Product Overview and Scope of Transportation Sensor
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Transportation Sensor Market Size Growth Rate Analysis by Type2020 VS 2027
1.3.1. Pressure Sensors
1.3.2. Inductive Loop
1.3.3. Piezoelectric Sensor
1.3.4. Image Sensor
1.3.5. Infrared Sensors
1.3.6. Others
1.4. Global Transportation Sensor Consumption Comparison by Application: 2020 VS 2027
1.4.1. Automotive
1.4.2. Railway
1.4.3. Heavy Equipment
1.4.4. Others
1.5. Global Transportation Sensor Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America Transportation Sensor Estimates
1.5.2. Europe Transportation Sensor Estimates
1.5.3. China Transportation Sensor Estimates
1.5.4. Japan Transportation Sensor Estimates
2. Market Competition by Manufacturers
2.1. Global Transportation Sensor Revenue Market Share by Manufacturers (2020)
2.2. Transportation Sensor Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Transportation Sensor Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Transportation Sensor Production Sites, Area Served, Product Types
2.5. Transportation Sensor Market Competitive Situation and Trends
2.5.1. Transportation Sensor Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Transportation Sensor Consumption by Region (2016-2021)
3.1. Global Transportation Sensor Consumption by Region
3.2. Global Transportation Sensor Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Transportation Sensor Consumption Growth Rate (2016-2021)
3.2.3. North America Transportation Sensor Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Transportation Sensor Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Transportation Sensor Consumption Growth Rate (2016-2021)
3.2.7. Europe Transportation Sensor Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Transportation Sensor Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Transportation Sensor Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Transportation Sensor Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Transportation Sensor Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Transportation Sensor Consumption Growth Rate (2016-2021)
3.2.15. South America Transportation Sensor Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America Transportation Sensor Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Transportation Sensor Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Transportation Sensor Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Transportation Sensor Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Transportation Sensor Consumption by Type (2016-2021)
4.1. Global Transportation Sensor Price by Type (2016-2021)
4.2. Global Transportation Sensor Revenue Market Share by Type (2016-2021)
4.2.1. Inductive Loop
4.2.2. Piezoelectric Sensor
4.2.3. Image Sensor
4.2.4. Infrared Sensors
4.2.5. Others
5. Global Transportation Sensor Consumption by Application (2016-2021)
5.1. Global Transportation Sensor Price by Application (2016-2021)
5.2. Global Transportation Sensor Revenue Market Share by Application (2016-2021)
5.2.1. Automotive
5.2.2. Railway
5.2.3. Heavy Equipment
5.2.4. Others
6. Key Companies Profiled
6.1. Axis Communications Ab
6.1.1. Axis Communications Ab Transportation Sensor Corporation Information
6.1.2. Axis Communications Ab Transportation Sensor Product Portfolio
6.1.3. Axis Communications Ab Transportation Sensor Consumption, Price and Gross Margin (2016-2021)
6.1.4. Axis Communications Ab Main Business and Markets Served
6.1.5. Axis Communications Ab Recent Developments/Updates
6.2. Efkon Ag
6.3. AGD Systems Ltd.
6.4. Diablo Controls Inc.
6.5. Image Sensing Systems, Inc.
6.6. Kapsch Trafficcom Ag
6.7. Flir Systems, Inc.
6.8. Kistler Group
6.9. International Road Dynamics, Inc.
6.10. Jenoptik Ag
6.11. Miovision Technologies Inc.
6.12. Leddartech Inc.
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Transportation Sensor Distributors List
7.3. Transportation Sensor Customers
8. Market Dynamics
8.1. Transportation Sensor Industry Trends
8.2. Transportation Sensor Growth Drivers
8.3. Transportation Sensor Market Challenges
8.4. Transportation Sensor Market Restraints
9. Global Transportation Sensor Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of Transportation Sensor, by Regions and Country
9.1.1. North America Forecasted Consumption of Transportation Sensor by Country
9.1.2. Europe Market Forecasted Consumption of Transportation Sensor by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Transportation Sensor by Region
9.1.4. Latin America Forecasted Consumption of Transportation Sensor by Country
9.1.5. Middle East and Africa Forecasted Consumption of Transportation Sensor by Country
10. Global Transportation Sensor Consumption and Demand Forecast, by Device Segments (2022-2027)
10.1. Global Forecasted Consumption of Transportation Sensor by Device Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Device Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Transportation Sensor by Device Segments (2022-2027)
11. Research Finding and Conclusion
12. Methodology and Data Source
12.1. Methodology/Research Approach
12.1.1. Research Programs/Design
12.1.2. Market Size Estimation
12.1.3. Market Breakdown and Data Triangulation
12.2. Data Source
12.2.1. Secondary Sources
12.2.2. Primary Sources
12.3. Author List
12.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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