Market Overview:
The global inductive loop vehicle detector market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for traffic management, parking management, and security gates applications across the globe. Additionally, the increasing installation of inductive loop vehicle detectors in drive-thru restaurants and security bollards is also contributing to the growth of this market. However, high installation and maintenance costs are restraining the growth of this market. On basis of type, saw cut loop segment is expected to hold a major share in global inductive loop vehicle detector market during forecast period owing to its low installation cost as compared to performed loops segment.
Product Definition:
An inductive loop vehicle detector is a device that uses an alternating current (AC) signal to detect the presence of a metallic object, such as a car, train, or motorcycle. The AC signal creates a magnetic field around the object. When the object moves through the field, it disrupts the flow of current and triggers an alarm. Inductive loop detectors are often used in intersections to detect when cars are present so that traffic lights can be adjusted accordingly. They are also used in parking lots to determine when there is someone in a parking space so that the gate can be opened automatically.
Saw Cut Loop:
The saw cut loop is a passive infrared detector used to detect the presence of an object using reflected light. It is one of the most preferred detectors for IRV D-EVs as it provides high sensitivity and selectivity at a low cost. The growth factor in the market for IRV D-EVs can be attributed to its ability to provide enhanced detection performance, which helps in increasing range and accuracy while reducing false alarms.
Performed Loop:
The Performed Loop (PL) and it's usage in the Inductive Loop Vehicle Detector (ILVD) market is analyzed by IGI, Inc. The global ILVD market size was valued at USD 2.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
Based on application, the global inductive loop vehicle detector market has been segmented into traffic management, parking management, security gates, drive-thru restaurants and others. The traffic management segment dominated the overall market in terms of revenue share in 2017. This is attributed to growing urbanization and increasing number of road users due to rapid industrialization and developing economies such as India & China. Moreover, governments are focusing on improving road infrastructure across the globe which will further boost demand for LDVCDs over the forecast period.
The parking management segment is expected to witness significant growth over the forecast period owing to rising concerns regarding vehicle safety while parking or standing idle at a halt position along with high cost associated with these activities that include maintenance fees for vehicles parked on public roadsides as well as private property areas where inductive loops are installed.
Regional Analysis:
The market in North America is expected to be driven by the presence of prominent players, such as Harris Corporation; Sensys Technologies Inc.; and Infineon technologies. The region accounted for over 35% revenue share in 2017 owing to the increasing deployment of ILLDs at various applications including traffic management, parking management, security gates and others.
The demand for ILLVs is anticipated to increase due to growing concerns regarding vehicular accidents across countries such as India, China and Japan among others. Moreover, government initiatives are being taken up in order to reduce vehicular emissions which will further boost the growth of inductive loop technology over the forecast period.
Growth Factors:
- Increasing demand for safety and security in transportation sector
- Growing awareness about the benefits of inductive loop vehicle detectors
- Rising number of vehicular accidents and fatalities across the globe
- Proliferation of smart cities that are conducive to the deployment of inductive loop vehicle detectors
- Technological advancements in inductive loop vehicle detector technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Inductive Loop Vehicle Detector Market Research Report
By Type
Saw Cut Loop, Performed Loop
By Application
Traffic Management, Parking Management, Security Gates, Drive-thru Restaurants, Security Bollards, Others
By Companies
Marsh Products, Nortech Access Control Ltd, SWARCO AG, PROCON, Reno A&E, Gate Drive Solutions Ltd., Omnitec Group, Gate Depot, Diamond Traffic Products, Ampetronic Ltd, Marsh Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Inductive Loop Vehicle Detector Market Report Segments:
The global Inductive Loop Vehicle Detector market is segmented on the basis of:
Types
Saw Cut Loop, Performed Loop
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Traffic Management, Parking Management, Security Gates, Drive-thru Restaurants, Security Bollards, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Marsh Products
- Nortech Access Control Ltd
- SWARCO AG
- PROCON
- Reno A&E
- Gate Drive Solutions Ltd.
- Omnitec Group
- Gate Depot
- Diamond Traffic Products
- Ampetronic Ltd
- Marsh Products
Highlights of The Inductive Loop Vehicle Detector Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Saw Cut Loop
- Performed Loop
- By Application:
- Traffic Management
- Parking Management
- Security Gates
- Drive-thru Restaurants
- Security Bollards
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Inductive Loop Vehicle Detector Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An inductive loop vehicle detector is a device that can be used to detect the presence of an inductive loop in proximity to a vehicle. This type of detector is typically used in security applications, such as airport security and vehicular traffic control.
Some of the major players in the inductive loop vehicle detector market are Marsh Products, Nortech Access Control Ltd, SWARCO AG, PROCON, Reno A&E, Gate Drive Solutions Ltd., Omnitec Group, Gate Depot, Diamond Traffic Products, Ampetronic Ltd, Marsh Products.
The inductive loop vehicle detector market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Inductive Loop Vehicle Detector Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Inductive Loop Vehicle Detector Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Inductive Loop Vehicle Detector Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Inductive Loop Vehicle Detector Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Inductive Loop Vehicle Detector Market Size & Forecast, 2020-2028
4.5.1 Inductive Loop Vehicle Detector Market Size and Y-o-Y Growth
4.5.2 Inductive Loop Vehicle Detector Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Saw Cut Loop
5.2.2 Performed Loop
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Traffic Management
6.2.2 Parking Management
6.2.3 Security Gates
6.2.4 Drive-thru Restaurants
6.2.5 Security Bollards
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Inductive Loop Vehicle Detector Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Inductive Loop Vehicle Detector Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Saw Cut Loop
9.6.2 Performed Loop
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Traffic Management
9.10.2 Parking Management
9.10.3 Security Gates
9.10.4 Drive-thru Restaurants
9.10.5 Security Bollards
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Saw Cut Loop
10.6.2 Performed Loop
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Traffic Management
10.10.2 Parking Management
10.10.3 Security Gates
10.10.4 Drive-thru Restaurants
10.10.5 Security Bollards
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Saw Cut Loop
11.6.2 Performed Loop
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Traffic Management
11.10.2 Parking Management
11.10.3 Security Gates
11.10.4 Drive-thru Restaurants
11.10.5 Security Bollards
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Saw Cut Loop
12.6.2 Performed Loop
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Traffic Management
12.10.2 Parking Management
12.10.3 Security Gates
12.10.4 Drive-thru Restaurants
12.10.5 Security Bollards
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Saw Cut Loop
13.6.2 Performed Loop
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Traffic Management
13.10.2 Parking Management
13.10.3 Security Gates
13.10.4 Drive-thru Restaurants
13.10.5 Security Bollards
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Inductive Loop Vehicle Detector Market: Competitive Dashboard
14.2 Global Inductive Loop Vehicle Detector Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Marsh Products
14.3.2 Nortech Access Control Ltd
14.3.3 SWARCO AG
14.3.4 PROCON
14.3.5 Reno A&E
14.3.6 Gate Drive Solutions Ltd.
14.3.7 Omnitec Group
14.3.8 Gate Depot
14.3.9 Diamond Traffic Products
14.3.10 Ampetronic Ltd
14.3.11 Marsh Products
