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Intelligent Traffic Management System Market Estimated to Cross US$ 24 Bn by 2030

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The Intelligent Traffic Management System market is projected to reach US$ 24 Bn by 2030. And registering a CAGR of around 12% over the forecast period 2021 – 2030.

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Growth Factors

 An aging infrastructure, the rising traffic congestion, and the lack of mobility solutions and transportation infrastructure are expected to further lead to traffic congestion, thereby adding to the transportation costs and affecting the everyday life of people. These factors and supportive government initiatives to implement smart citiesare anticipated to drive the growth of the market.

One of the key issues caused by road congestion is air pollution. The implementation of intelligent systems makes traffic monitoring easy, thereby reducing harmful emissions, which is expected to positively impact the growth of the market.

Report Highlights

The traffic monitoring system segment accounted for a market share exceeding 21% in 2020. Inadequate signal controls contribute considerably to road congestion and increase the overall travel time to a large extent. The major drivers for the growing adoption of traffic monitoring systems include the emergence of smart city projects, favorable government initiatives to develop traffic infrastructures, and the growth of adaptive traffic controls and analytics.

The traffic signal control system segment is anticipated to expand at a considerable CAGR over the forecast period owing to the availability of highly reliable and low-cost sensors, data storage facilities, and computing and networking infrastructure.

North America dominated the global market with a share of over 34% in 2020. The United States Department of Transportation (DOT) has been heavily investing in research and development, implementation, and adoption of intelligent traffic management systems across the country. Advancements in communication technologies are enhancing the revolution of the transportation network across the region.

The Asia Pacific regional market is expected to witness significant growth over the forecast period. According to UN 2017 world population prospects, Asia’s population is likely to reach 5.26 billion by 2050, and around 64% of the region’s population is expected to become urban. To reduce the burden of the region’s decreasing land carrying capacity, governments in the region are focusing on improving the overall physical infrastructure.

Key Players

  • Cubic Corporation
  • SNC-Lavalin Group (Atkins)
  • Thales Group
  • International Business Machines Corporation
  • General Electric Company
  • Siemens AG
  • Kapsch TrafficCom
  • TomTom International BV
  • Q-Free ASA
  • TransCore

Market Segmentation

  • Solution
    • Traffic Monitoring System
    • Traffic Signal Control System
    • Traffic Enforcement Camera
    • Integrated Corridor Management
    • Intelligent Driver Information System
    • Others
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
    • Asia Pacific
      • China
      • India
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa (MEA)
      • UAE

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape        List of Suppliers        List of Buyers

Chapter 7.  Global Intelligent Traffic Management System Market, By Solution

7.1.  Intelligent Traffic Management System Market, by Solution, 2020-2030

7.1.1.    Traffic Monitoring System        Market Revenue and Forecast (2017-2030)

7.1.2.    Traffic Signal Control System        Market Revenue and Forecast (2017-2030)

7.1.3.    Traffic Enforcement Camera        Market Revenue and Forecast (2017-2030)

7.1.4.    Integrated Corridor Management        Market Revenue and Forecast (2017-2030)

7.1.5.    Intelligent Driver Information System        Market Revenue and Forecast (2017-2030)

7.1.6.    Others        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Intelligent Traffic Management System Market, Regional Estimates and Trend Forecast

8.1.  North America

8.1.1.    Market Revenue and Forecast, by Solution (2017-2030)

8.1.2.    U.S.

8.1.3.    Rest of North America        Market Revenue and Forecast, by Solution (2017-2030)

8.2.  Europe

8.2.1.    Market Revenue and Forecast, by Solution (2017-2030)

8.2.2.    UK        Market Revenue and Forecast, by Solution (2017-2030)

8.2.3.    France        Market Revenue and Forecast, by Solution (2017-2030)

8.2.4.    Rest of Europe        Market Revenue and Forecast, by Solution (2017-2030)

8.3.  APAC

8.3.1.    Market Revenue and Forecast, by Solution (2017-2030)

8.3.2.    India        Market Revenue and Forecast, by Solution (2017-2030)

8.3.3.    China        Market Revenue and Forecast, by Solution (2017-2030)

8.3.4.    Japan        Market Revenue and Forecast, by Solution (2017-2030)

8.3.5.    Rest of APAC        Market Revenue and Forecast, by Solution (2017-2030)

8.4.  MEA

8.4.1.    Market Revenue and Forecast, by Solution (2017-2030)

8.4.2.    GCC        Market Revenue and Forecast, by Solution (2017-2030)

8.4.3.    North Africa        Market Revenue and Forecast, by Solution (2017-2030)

8.4.4.    South Africa        Market Revenue and Forecast, by Solution (2017-2030)

8.4.5.    Rest of MEA        Market Revenue and Forecast, by Solution (2017-2030)

8.5.  Latin America

8.5.1.    Market Revenue and Forecast, by Solution (2017-2030)

8.5.2.    Brazil        Market Revenue and Forecast, by Solution (2017-2030)

8.5.3.    Rest of LATAM        Market Revenue and Forecast, by Solution (2017-2030)

Chapter 9.    Company Profiles

9.1.  Cubic Corporation

9.1.1.    Company Overview

9.1.2.    Product Offerings

9.1.3.    Financial Performance

9.1.4.    Recent Initiatives

9.2.  SNC-Lavalin Group (Atkins)

9.2.1.    Company Overview

9.2.2.    Product Offerings

9.2.3.    Financial Performance

9.2.4.    Recent Initiatives

9.3.  Thales Group

9.3.1.    Company Overview

9.3.2.    Product Offerings

9.3.3.    Financial Performance

9.3.4.    Recent Initiatives

9.4.  International Business Machines Corporation

9.4.1.    Company Overview

9.4.2.    Product Offerings

9.4.3.    Financial Performance

9.4.4.    Recent Initiatives

9.5.  General Electric Company

9.5.1.    Company Overview

9.5.2.    Product Offerings

9.5.3.    Financial Performance

9.5.4.    Recent Initiatives

9.6.  Siemens AG

9.6.1.    Company Overview

9.6.2.    Product Offerings

9.6.3.    Financial Performance

9.6.4.    Recent Initiatives

9.7.  Kapsch TrafficCom

9.7.1.    Company Overview

9.7.2.    Product Offerings

9.7.3.    Financial Performance

9.7.4.    Recent Initiatives

9.8.  TomTom International BV

9.8.1.    Company Overview

9.8.2.    Product Offerings

9.8.3.    Financial Performance

9.8.4.    Recent Initiatives

9.9.  Q-Free ASA

9.9.1.    Company Overview

9.9.2.    Product Offerings

9.9.3.    Financial Performance

9.9.4.    Recent Initiatives

9.10.              TransCore

9.10.1.  Company Overview

9.10.2.  Product Offerings

9.10.3.  Financial Performance

9.10.4.  Recent Initiatives

Chapter 10.  Research Methodology

10.1.              Primary Research

10.2.              Secondary Research

10.3.              Assumptions

Chapter 11.  Appendix

11.1.              About Us

11.2.              Glossary of Terms

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