Traffic Sensor Market Will Be Big Coin By 2023

MarketsandMarkets’ report titled "Traffic Sensor Market by Type, Application, and Geography - Global Forecast to 2023" foresees the traffic sensor market growing from $228.0-Million in 2017 to $381.3-Million by 2023, at a CAGR of 8.94% during 2017 to 2023.

The increasing demand for real-time information systems and increasing urbanization and population are the major factors that drive the traffic sensor market.

Radar sensor expected to grow at a higher CAGR between 2017 and 2023

Traffic monitoring application expected to hold the largest share of the traffic sensor market in 2017

Traffic sensor market in Asia Pacific likely to grow at a high rate during the forecast period

Major players operating in the traffic sensor market are Kapsch TrafficCom AG (Austria), International Road Dynamics, Inc. (Canada), FLIR Systems, Inc. (US), TE Connectivity Ltd. (Switzerland), and Kistler Group (Switzerland).