Traffic sensors are devices, which are used to cope with inconsistent traffic flow efficiently. As per the research, the market for traffic sensors is growing rapidly and is expected to retain this growth during the forecast period. A need for real-time information systems, government initiatives to transform transport infrastructure, and rapid urbanization and population across the world are some of the driving factors behind the global market growth.
Traffic sensors are devices, which are used to cope with inconsistent traffic flow efficiently. As per the research, the market for traffic sensors is growing rapidly and is expected to retain this growth during the forecast period. A need for real-time information systems, government initiatives to transform transport infrastructure, and rapid urbanization and population across the world are some of the driving factors behind the global market growth.
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Traffic Sensor Market: Smart Cities Initiatives to Drive the Market Growth During the Forecast Period
Traffic Sensor Market size was valued at USD 606.69 Mn in 2023 and is expected to grow at a CAGR of 7.5 percent from 2024 to 2030.
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