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Traffic Sensors Market Share

Report ID: GMI7099
Published Date: Oct 2023
Report Format: PDF

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Traffic Sensors Market Share

Efkon AG and Axis Communications AB held a share of over 10% in the traffic sensor market in 2023. Efkon AG was founded in 1985, Efkon AG is a global provider of intelligent transportation systems (ITS) and electronic toll collection solutions. Headquartered in Graz, Austria, Efkon offers innovative products and services for traffic management, tolling, and smart mobility solutions. With a focus on cutting-edge technology and customer satisfaction, Efkon serves clients worldwide, including governments, transportation agencies, and private sector organizations.

Axis Communications AB established in 1984, Axis Communications AB is a Swedish company specializing in network video solutions. As a market leader in network video, Axis offers a wide range of products and services, including IP cameras, video encoders, and video management software. With a commitment to innovation and sustainability, Axis serves diverse industries such as transportation, retail, and healthcare, providing effective and reliable video surveillance solutions globally.

Traffic Sensors Market Companies

Major players operating in the traffic sensors industry are:

Efkon AG
Axis Communications AB
FLIR Systems
International Road Dynamics Inc
Kapsch Trafficcom AG
Kistler Group
Leddartech

Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The global market size for traffic sensors was valued at USD 701.1 million in 2023 and is estimated to register over 12.5% CAGR between 2024 and 2032, driven by rising investments in smart city projects to improve urban infrastructure.

Piezoelectric traffic sensors market size will reach over 515 million by 2032, owing to their versatile applications.

North America market held over 35% revenue share in 2023 and will gain traction by 2032, owing to their utility in monitoring traffic flow, reducing congestion, and enhancing safety.

Efkon AG, Axis Communications AB, FLIR Systems, International Road Dynamics Inc, Kapsch Trafficcom AG, Kistler Group, and Leddartech among others.