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Inductive Loop Vehicle Detector Market

Inductive Loop Vehicle Detector Market: Global Industry Analysis and Forecast 2017 - 2025

Inductive Loop Vehicle Detector Market Segmented By Saw Cut Loop and Performed Loop installation type in Single Channel and Dual Channel

Global Inductive Loop Vehicle Detector Market: Introduction

Inductive loop is an electromagnetic detection system that utilizes a moving magnet to induce current and hence detect metal objects. This technique is a widely used vehicle detection technology. Inductive loop vehicle detectors find its applications in car parking management, traffic management, railways, sliding security gates, drive-thru restaurants, security bollards, heavy duty rolling doors and car wash equipment activation.

The complete inductive loop vehicle detector system consists of a loop, loop wire and a detection unit. In case of vehicle detection, the loop is generally buried under the road and vehicle acts as a metal object, whose presence is responded in form of an audible tone. Apart from inductive loop vehicle detector, other vehicle detection technique includes hose style detection and ultra-sonic detection, however inductive loop vehicle detectors are more reliable.

The inductive loop vehicle detectors are also increasingly being used to provide hearing aid compatibility in the form of ‘assistive listing’ to the deaf.

Inductive loop vehicle detectors are generally available with two types of connectivity i.e. direct plug-in loop detectors and wire harness detectors. The inductive loop vehicle detectors are increasingly being installed in drive-thru restaurants, particularly due to lower costs, weather-independent nature and higher reliability.

The loop can be used to perform various operations, for instance exit loop open a gate till a vehicle exits, safety loop avoids gate being closed on a vehicle and shadow loops keep gate open till the vehicle is over the loop.

The global inductive loop vehicle detector market is expected to significantly boost over the forecast period, as ongoing infrastructural development in developed and developing nation will result in improvement of parking management, traffic management infrastructure, which in turn will demand novel technologies to cater the required demand.

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Global Inductive Loop Vehicle Detector Market: Market Dynamics

Ongoing urbanization and improving urban infrastructure especially in developing countries are expected to generate healthy demand for inductive loop vehicle detector, as improving infrastructure will result in improved traffic management, parking management and security gates. The market is expected to witness robust demand from the traffic management application over the forecast period.

The weather-independent structure of inductive loop vehicle detector is another factor resulting in increased adoption of this system. Furthermore, regions such as North America and Europe have a higher adoption rate of novel technologies, thus end-users readily install such technologies at locations such as commercial places, paid parking and drive-thru restaurants.

Lower cost of the system and higher reliability are the factors that significantly impact the growth of the market. On the other side, availability of alternate products for the same functionality may affect the growth of the inductive loop vehicle detector market inversely. Moreover, problems associated with installation and maintenance of the system are also certain aspects hampering growth of the market.

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Global Inductive Loop Vehicle Detector Market: Market Segmentation

On the basis of installation type
  • Saw Cut Loop
  • Performed Loop
On the basis of channel
  • Single Channel
  • Dual Channel
On the basis of application
  • Traffic Management
  • Parking Management
  • Security Gates
  • Drive-thru Restaurants
  • Security Bollards
  • Others
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Global Inductive Loop Vehicle Detector Market: Region-wise Outlook

North America is expected to be a prominent market for inductive loop vehicle detectors, with high fresh and replacement demands. Europe is estimated to be the next bigger market followed by North America, for inductive loop vehicle detector.

However, over the forecast period Asia Pacific is expected to hold a larger market share in the global inductive loop vehicle detectors market owing to high demand from countries such as China, Japan and India. China is expected to maintain significant importance in the market as it facilitates lower production cost. Market in Latin America and Middle East & Africa is expected to witness steady growth in sales over the forecast period.

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Global Inductive Loop Vehicle Detector Market: Market Participants

Examples of some of the market participants identified in the global inductive loop vehicle detector market are;

  • Marsh Products, Inc.
  • Nortech Access Control Ltd
  • Reno A&E
  • Gate Drive Solutions Ltd.
  • Omnitec Group
  • Gate Depot
  • Diamond Traffic Products
  • Ampetronic Ltd

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K., Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

- Companies Covered in This Report -

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