Latin America Traffic Sensor Market Size & Outlook

The traffic sensor market in Latin America is expected to reach a projected revenue of US$ 4,184.9 million by 2030. A compound annual growth rate of 6.7% is expected of Latin America traffic sensor market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,665.3
Forecast, 2030 (US$M)
$4,184.9
CAGR, 2024 - 2030
6.7%
Report Coverage
Latin America

Latin America traffic sensor market, 2018-2030 (US$M)

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Latin America traffic sensor market highlights

  • The Latin America traffic sensor market generated a revenue of USD 2,665.3 million in 2023.
  • The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
  • In terms of segment, piezoelectric sensors was the largest revenue generating type in 2023.
  • Piezoelectric Sensors is the most lucrative type segment registering the fastest growth during the forecast period.


Latin America data book summary

Market revenue in 2023USD 2,665.3 million
Market revenue in 2030USD 4,184.9 million
Growth rate6.7% (CAGR from 2023 to 2030)
Largest segmentPiezoelectric sensors
Fastest growing segmentPiezoelectric Sensors
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPiezoelectric Sensors
Key market players worldwideTE Connectivity Ltd, Teledyne FLIR, SWARCO, Q-Free ASA Ordinary Shares, SICK, Inc, Raytheon Systems Ltd, Siemens AG


Other key industry trends

  • In terms of revenue, Latin America region accounted for 11.5% of the global traffic sensor market in 2023.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 8,497.1 million by 2030.

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Traffic Sensor Market Scope

Traffic sensor market segmentation & scope
Piezoelectric Sensors
Inductive Loop Sensors
Bending Plate Sensors
Image Sensors
Infrared Sensors
Others
Technology
2D Sensor
3D Sensor
Radio Frequency Identification (RFID)
Global System for Mobile communication (GSM)
Other
Application
Vehicle Measurement and Profiling
Weigh in Motion
Traffic Monitoring
Automated Tolling
Other1

Traffic Sensor Market Companies

Name Profile # Employees HQ Website

Latin America traffic sensor market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to traffic sensor market will help companies and investors design strategic landscapes.


Piezoelectric sensors was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America traffic sensor market based on piezoelectric sensors covering the revenue growth of each sub-segment from 2018 to 2030.


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  • Our clientele includes a mix of traffic sensor market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America traffic sensor market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America traffic sensor market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Latin America traffic sensor market

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