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Traffic Management Market by Component (Hardware, Solutions (Route Guidance & Optimization, Smart Signaling, Traffic Analytics), Services), System (UTMC, ATCS, JTMS, DTMS), Areas of Application and Region - Global Forecast to 2028

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    Report

  • 296 Pages
  • December 2023
  • Region: Global
  • Markets and Markets
  • ID: 5406456
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Rising Demand for Real-Time Traffic Information from Drivers and Passengers is to Drive the Market

The traffic management market is estimated at USD 42.3 billion to USD 72.5 billion at a CAGR of 11.4% from 2023 to 2028. The exponential growth in the number of vehicles on the road, surpassing the expansion of transportation infrastructure, constitutes a pivotal driver for the adoption of advanced traffic management systems. This dissonance in growth rates has resulted in increased congestion, delays, and driver frustration. To address these challenges, traffic management systems play a crucial role in optimizing traffic flow and maximizing the utilization of existing infrastructure. By leveraging intelligent algorithms and real-time data, these systems offer a dynamic approach to traffic control, ensuring a more efficient and responsive management of road networks. Consequently, the focus on aligning the pace of vehicle growth with the development of supportive infrastructure is paramount for creating smoother, more sustainable transportation systems.

By system, urban traffic management and control system segment to contribute the largest market share in the traffic management market during the forecast period.

The Urban Traffic Management and Control System represents a sophisticated framework designed to address the intricate challenges of traffic management in urban environments. Deploying advanced technologies such as real-time data analytics, intelligent traffic signals, and adaptive control systems, such an integrated approach aims to optimize traffic flow, mitigate congestion, and enhance overall mobility within urban areas. Utilizing a network of sensors, cameras, and communication systems, the system collects and processes real-time data on traffic conditions. This data-driven insight allows for dynamic adjustments to traffic signal timings, rerouting strategies, and congestion management. The system plays a pivotal role in not only improving the efficiency of transportation networks but also in promoting sustainable and environmentally friendly urban mobility solutions. By fostering seamless communication between various elements of the transportation infrastructure, the Urban Traffic Management and Control System contributes to creating smarter, safer, and more livable cities.

Asia Pacific to register the highest growth rate during the forecast period.

The Asia Pacific region is set to undergo significant growth opportunities in the coming years, with countries like India, China, Australia, and New Zealand expected to experience high growth rates. The competition in the region is fragmented, prompting traffic management solution providers to expand their operations across various countries. To achieve this, strategic moves such as improving infrastructure and implementing smart city and transportation projects are being undertaken. However, compared to North America and Europe, organizations in the Asia Pacific region may lag in terms of information, security awareness, and technical expertise. 
Breakdown of primaries

The study contains insights from various industry experts, from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

  • By Company Type: Tier 1 - 45%, Tier 2 - 25%, and Tier 3 - 30%
  • By Designation: C-level -45%, D-level - 30%, and Managers - 25%
  • By Region: North America - 30%, Europe - 20%, Asia Pacific - 35%, ROW- 15%.

The major players in the traffic management market are Cisco (US), Mundys SpA (Italy), SWARCO (Austria), Siemens (Germany), IBM (US), Kapsch TrafficCom (Austria), Thales Group (France), Q-Free (Norway), PTV Group (Germany), Teledyne FLIR Systems Inc. (US), Cubic Corporation (US), TOMTOM (Netherlands), Huawei (China), ST Engineering (Singapore), ChevronTM (England), Indra Sistemas (Spain), and Econolite (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, product enhancements, and acquisitions to expand their footprint in the traffic management market. 

Research Coverage

The market study covers the traffic management market size across different segments. It aims to estimate the market size and the growth potential across different segments, including components (hardware, solutions, and services), systems, areas of application, and regions. The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the global traffic management market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers: 

  • Analysis of key drivers (connected cars and data revolutionizing traffic management systems, rising demand for real-time traffic information to drivers and passengers, an increasingly urban population, rising number of vehicles, and inadequate infrastructure), restraints (labor shortage limiting new projects, slow growth in the infrastructure sector, and lack of standardized and uniform technologies to streamline legacy infrastructure), opportunities (changing pricing dynamics in the traffic management industry, increasing concerns about protecting environment with eco-friendly automobile technology, and growth of analytics software) and challenges (data management and big data issues, multiple sensors and touchpoints pose data fusion challenges, and security threats and hacking challenges) influencing the growth of the traffic management market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the traffic management market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the traffic management market across various regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the traffic management market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Cisco (US), Mundys SpA (Italy), SWARCO (Austria), Siemens (Germany), IBM (US), Kapsch TrafficCom (Austria), Thales Group (France), Q-Free (Norway), PTV Group (Germany), Teledyne FLIR Systems Inc. (US), Cubic Corporation (US), TOMTOM (Netherlands), Huawei (China), ST Engineering (Singapore), ChevronTM (England), Indra Sistemas (Spain), and Econolite (US).

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Study Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered
1.5 Currency Considered
Table 1 USD Exchange Rates, 2020-2022
1.6 Stakeholders
1.7 Recession Impact
1.8 Summary of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Traffic Management Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
Table 2 Primary Interviews
2.1.2.2 Key Industry Insights
2.2 Data Triangulation
Figure 2 Data Triangulation
2.3 Market Size Estimation
Figure 3 Market Size Estimation Methodology - Approach 1 (Supply-Side): Revenue from Components of Market
Figure 4 Market Size Estimation Methodology - Approach 2 (Demand-Side): Net Revenue of Market Vendors
2.3.1 Bottom-Up Approach
Figure 5 Bottom-Up Approach
Figure 6 Market Size Estimation Using Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 7 Top-Down Approach
2.4 Risk Assessment
Table 3 Risk Assessment
2.5 Research Assumptions
2.6 Limitations
2.7 Recession Impact
3 Executive Summary
Figure 8 Traffic Management Market to Witness Significant Growth During Forecast Period
Figure 9 Market: Regional Snapshot
4 Premium Insights
4.1 Attractive Opportunities for Players in Market
Figure 10 Government Initiatives and Strong Regulatory Framework to Drive Market
4.2 Market, by Component
Figure 11 Services Segment to Register Higher Growth Rate During Forecast Period
4.3 Market, by System
Figure 12 Urban Traffic Management & Control Segment Estimated to Lead Market in 2023
4.4 Market, by Solution
Figure 13 Route Guidance & Route Optimization Segment to Lead Market During Forecast Period
4.5 North America: Traffic Management Market, by Component and Top Three Systems
Figure 14 Hardware & Utmc Estimated to Hold Largest Market Share in 2023
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 15 Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1 Drivers
5.2.1.1 Increased Traffic Congestion and Need for Road Safety Measures
5.2.1.2 Rising Demand for Real-Time Traffic Information from Drivers and Passengers
5.2.1.3 Increasing Concerns Related to Public Safety
5.2.1.4 Increasing Urban Population, Rising Number of Vehicles, and Inadequate Infrastructure
Figure 16 Urban Global Population Forecast
5.2.1.5 Government Initiatives for Effective Traffic Management
5.2.1.6 Development of Smart Cities Worldwide
Table 4 Top 10 Smart Cities Worldwide, 2021
5.2.2 Restraints
5.2.2.1 Labor Shortage
5.2.2.2 Slow Growth in Infrastructure Sector
5.2.2.3 Lack of Standardized and Uniform Technologies
5.2.3 Opportunities
5.2.3.1 Changing Cost Dynamics
5.2.3.2 Increasing Environmental Concerns
5.2.3.3 Designing and Development of Smart Vehicles Compatible with Advanced Technologies
5.2.3.4 Growth of Analytics Software
5.2.3.5 Evolving 5G Technology and Transformation of Traffic Management System
5.2.4 Challenges
5.2.4.1 Data Management and Big Data Issues
5.2.4.2 High Expenses Associated with Equipment Installation
5.2.4.3 Security Threats and Hacking Challenges
5.2.4.4 Data Fusion Challenges
5.3 Value Chain Analysis
Figure 17 Traffic Management Market: Value Chain Analysis
5.4 Ecosystem Analysis
Figure 18 Key Players in Market Ecosystem
Table 5 Role of Players in Market Ecosystem
5.5 Technology Analysis
5.5.1 Key Technologies
5.5.1.1 Artificial Intelligence (AI)
5.5.1.2 Internet of Things (IoT)
5.5.1.3 Geographic Information Systems (Gis)
5.5.1.4 Automatic Number Plate Recognition (ANPR)
5.5.1.5 Vehicle-To-Infrastructure (V2I) and Vehicle-To-Everything (V2X)
5.5.2 Complementary Technologies
5.5.2.1 Big Data and Analytics
5.5.2.2 Edge Computing
5.5.2.3 5G
5.5.3 Adjacent Technologies
5.5.3.1 Advanced Traffic Management Systems (Atms)
5.5.3.2 Smart City Solutions
5.5.3.3 Blockchain
5.6 Traffic Management Data Flow Process
5.7 Porter's Five Forces Analysis
Figure 19 Porter's Five Forces Analysis
Table 6 Impact of Porter's Five Forces on the Traffic Management Market
5.7.1 Intensity of Competitive Rivalry
5.7.2 Bargaining Power of Suppliers
5.7.3 Bargaining Power of Buyers
5.7.4 Threat of Substitutes
5.7.5 Threat of New Entrants
5.8 Market: Business Models
5.9 History of Traffic Management Solutions
Figure 20 Evolution of Traffic Management Solutions
5.9.1 1970S-1980S
5.9.2 1990S-2000S
5.9.3 2010S
5.9.4 2020S-Present
5.10 Traffic Management Tools, Frameworks, and Techniques
5.11 Traffic Management Market: Adjacent Niche Technologies
5.11.1 Intelligent Transportation Systems (Its)
5.11.2 Connected and Autonomous Vehicles (Cavs)
5.11.3 IoT and Sensor Networks
5.11.4 Edge Computing
5.11.5 5G and Communication Networks
5.12 Future of Market Landscape
5.13 Trends/Disruptions Impacting Customers’ Businesses
Figure 21 Revenue Shift in the Market
5.14 Hs Codes: Electrical Signaling, Safety, or Traffic Control Equipment (8530)
5.14.1 Export Scenario for Hs Code: 8530
Figure 22 Export Value of Electrical Signaling, Safety, or Traffic Control Equipment, by Key Country, 2015-2022 (USD Million)
5.14.2 Import Scenario for Hs Code: 8530
Figure 23 Import Value of Electrical Signaling, Safety, or Traffic Control Equipment, by Key Country, 2015-2022 (USD Million)
5.15 Best Practices in the Traffic Management Market
5.16 Use Cases
5.16.1 Case Study 1: Buenos Aires Deployed Sgim Software in Conjunction with Kapsch's Ecotrafixtm Platform to Unify Its Existing Utc Systems
5.16.2 Case Study 2: Huawei Helped Lahore City Develop New Traffic Management System to Manage Congestion
5.16.3 Case Study 3: Romanian City of Timi? Oara Deployed Swarco's Integrated Traffic Control and Video Surveillance System to Smoothen Traffic Flow
5.16.4 Case Study 4: Tomtom Helped Helsinki Study and Manage Traffic Flow
5.17 Pricing Analysis
5.17.1 Average Selling Price Trend of Key Players, by Hardware
Figure 24 Average Selling Price Trend of Key Players, by Hardware
Table 7 Average Selling Price Trend of Key Players, by Hardware
5.17.2 Indicative Pricing Analysis of Key Players, by Solution
Table 8 Indicative Pricing Analysis of Key Traffic Management Solution Vendors
5.18 Patent Analysis
5.18.1 Methodology
Figure 25 List of Major Patents Offered in Traffic Management Market
Table 9 List of Major Patents, 2014-2023
5.19 Tariff and Regulatory Landscape
5.19.1 Tariff Related to Traffic Management System
Table 10 Tariff Related to Electrical Signaling, Safety, and Traffic Control Equipment
5.19.2 Regulatory Bodies, Government Agencies, and Other Organizations
Table 11 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 12 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 13 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
5.19.3 Manual on Traffic Control Devices for Streets and Highways
5.19.4 International Organization for Standardization
5.19.4.1 Iso/Iec Jtc 1
5.19.4.2 Iso/IEC 27001
5.19.4.3 Iso/IEC 19770
5.19.4.4 Iso/Iec Jtc 1/Swg 5
5.19.4.5 Iso/Iec Jtc 1/Sc 31
5.19.4.6 Iso/Iec Jtc 1/Sc 27
5.19.4.7 Iso/Iec Jtc 1/Wg 7 Sensor
5.19.5 General Data Protection Regulation
5.19.6 Federal Motor Carrier Safety Administration
5.19.7 Federal Highway Administration
5.19.8 Institute of Electrical and Electronics Engineers
5.19.9 Cen/Iso
5.19.10 Cen/Cenelec
5.19.11 European Telecommunications Standards Institute
5.19.12 Itu-T
5.20 Key Stakeholders & Buying Criteria
5.20.1 Key Stakeholders in the Buying Process
Figure 26 Influence of Stakeholders on the Buying Process for Key Traffic Management Systems
Table 15 Influence of Stakeholders on the Buying Process for Key Traffic Management Systems
5.20.2 Buying Criteria
Figure 27 Key Buying Criteria for Key Traffic Management Systems
Table 16 Key Buying Criteria for Key Traffic Management Systems
5.21 Key Conferences & Events, 2022-2023
Table 17 Detailed List of Conferences & Events, 2022-2023
6 Traffic Management Market, by Component
6.1 Introduction
6.1.1 Component: Market Drivers
Figure 28 Services Segment to Grow at Highest CAGR During Forecast Period
Table 18 Market, by Component, 2018-2022 (USD Million)
Table 19 Market, by Component, 2023-2028 (USD Million)
6.2 Hardware
6.2.1 Hardware Solutions to Help Reduce Congestion and Enhance Overall Road Safety
Figure 29 Surveillance Cameras Segment to Account for Largest Market Size During Forecast Period
Table 20 Market, by Hardware, 2018-2022 (USD Million)
Table 21 Market, by Hardware, 2023-2028 (USD Million)
Table 22 Hardware: Traffic Management Market, by Region, 2018-2022 (USD Million)
Table 23 Hardware: Market, by Region, 2023-2028 (USD Million)
6.2.2 Display Boards
Table 24 Display Boards: Market, by Region, 2018-2022 (USD Million)
Table 25 Display Boards: Market, by Region, 2023-2028 (USD Million)
6.2.3 Sensors
Table 26 Sensors: Market, by Region, 2018-2022 (USD Million)
Table 27 Sensors: Market, by Region, 2023-2028 (USD Million)
6.2.3.1 Vehicle Detection Sensors
6.2.3.2 Pedestrian Presence Sensors
6.2.3.3 Speed Sensors
6.2.3.4 Other Sensors
6.2.4 Surveillance Cameras
Table 28 Surveillance Cameras: Market, by Region, 2018-2022 (USD Million)
Table 29 Surveillance Cameras: Market, by Region, 2023-2028 (USD Million)
6.2.5 Other Hardware
Table 30 Other Hardware: Traffic Management Market, by Region, 2018-2022 (USD Million)
Table 31 Other Hardware: Market, by Region, 2023-2028 (USD Million)
6.3 Solutions
6.3.1 Traffic Solutions to Enhance Traffic Efficiency and Provide Better Experience for Drivers and Pedestrians
Figure 30 Traffic Analytics Segment to Account for Highest CAGR During Forecast Period
Table 32 Market, by Solution, 2018-2022 (USD Million)
Table 33 Market, by Solution, 2023-2028 (USD Million)
Table 34 Solutions: Market, by Region, 2018-2022 (USD Million)
Table 35 Solutions: Market, by Region, 2023-2028 (USD Million)
6.3.2 Smart Signaling
Table 36 Smart Signaling: Market, by Region, 2018-2022 (USD Million)
Table 37 Smart Signaling: Market, by Region, 2023-2028 (USD Million)
6.3.3 Route Guidance & Route Optimization
Table 38 Route Guidance & Route Optimization: Market, by Region, 2018-2022 (USD Million)
Table 39 Route Guidance & Route Optimization: Market, by Region, 2023-2028 (USD Million)
6.3.4 Traffic Analytics
Table 40 Traffic Analytics: Market, by Region, 2018-2022 (USD Million)
Table 41 Traffic Analytics: Market, by Region, 2023-2028 (USD Million)
6.3.5 Other Solutions
Table 42 Other Solutions: Traffic Management Market, by Region, 2018-2022 (USD Million)
Table 43 Other Solutions: Market, by Region, 2023-2028 (USD Million)
6.4 Services
6.4.1 Services to Enhance Deployment and Use of Solutions at End-users’ Premises
Figure 31 Implementation Segment to Account for Largest Market Size During Forecast Period
Table 44 Market, by Service, 2018-2022 (USD Million)
Table 45 Market, by Service, 2023-2028 (USD Million)
Table 46 Services: Market, by Region, 2018-2022 (USD Million)
Table 47 Services: Market, by Region, 2023-2028 (USD Million)
6.4.2 Consulting
Table 48 Consulting: Market, by Region, 2018-2022 (USD Million)
Table 49 Consulting: Market, by Region, 2023-2028 (USD Million)
6.4.3 Implementation
Table 50 Implementation: Market, by Region, 2018-2022 (USD Million)
Table 51 Implementation: Market, by Region, 2023-2028 (USD Million)
6.4.4 Support & Maintenance
Table 52 Support & Maintenance: Market, by Region, 2018-2022 (USD Million)
Table 53 Support & Maintenance: Market, by Region, 2023-2028 (USD Million)
7 Traffic Management Market, by System
7.1 Introduction
7.1.1 System: Market Drivers
Figure 32 Urban Traffic Management & Control Segment to Account for Largest Market Size During Forecast Period
Table 54 Market, by System, 2018-2022 (USD Million)
Table 55 Market, by System, 2023-2028 (USD Million)
7.2 Urban Traffic Management & Control
7.2.1 Utmc to Promote Sustainable and Environmentally Friendly Urban Mobility Solutions
Figure 33 Urban Traffic Management & Control System
Table 56 Urban Traffic Management & Control: Market, by Region, 2018-2022 (USD Million)
Table 57 Urban Traffic Management & Control: Market, by Region, 2023-2028 (USD Million)
7.3 Adaptive Traffic Control System
7.3.1 Atcs to Help Create Smoother Traffic Flow, Reduce Travel Time, and Improve Road Safety
Figure 34 Adaptive Traffic Control System
Table 58 Adaptive Traffic Control System: Traffic Management Market, by Region, 2018-2022 (USD Million)
Table 59 Adaptive Traffic Control System: Market, by Region, 2023-2028 (USD Million)
7.4 Journey Time Management System
7.4.1 Jtms to Help Lower Congestion by Alerting Drivers of Possible Delays
Figure 35 Structure of Journey Time Management System
Table 60 Journey Time Management System: Market, by Region, 2018-2022 (USD Million)
Table 61 Journey Time Management System: Market, by Region, 2023-2028 (USD Million)
7.5 Dynamic Traffic Management System
7.5.1 Dtms to Help Calculate Real-Time Traffic and Adjust Waiting Time for Each Lane Accordingly
Table 62 Dynamic Traffic Management System: Market, by Region, 2018-2022 (USD Million)
Table 63 Dynamic Traffic Management System: Market, by Region, 2023-2028 (USD Million)
7.6 Other Systems
Table 64 Other Systems: Market, by Region, 2018-2022 (USD Million)
Table 65 Other Systems: Market, by Region, 2023-2028 (USD Million)
8 Traffic Management Market, by Area of Application
8.1 Introduction
8.1.1 Area of Application: Market Drivers
8.2 Urban
8.2.1 Advanced Traffic Signal Control Systems to Drive Traffic Management in Urban Areas
8.3 Inter-Urban
8.3.1 Advancements in Inter-Urban Traffic Flow to Drive Market
8.4 Rural
8.4.1 Traffic Management Solutions to be Used to Bridge Gaps in Countryside
9 Traffic Management Market, by Region
9.1 Introduction
Figure 36 Asia-Pacific to Register Highest CAGR During Forecast Period
Table 66 Market, by Region, 2018-2022 (USD Million)
Table 67 Market, by Region, 2023-2028 (USD Million)
9.2 North America
9.2.1 North America: Market Drivers
9.2.2 North America: Recession Impact
Table 68 North America: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 69 North America: Market, by Component, 2023-2028 (USD Million)
Table 70 North America: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 71 North America: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 72 North America: Traffic Management Sensors Market, by Type, 2018-2022 (USD Million)
Table 73 North America: Traffic Management Sensors Market, by Type, 2023-2028 (USD Million)
Table 74 North America: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 75 North America: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 76 North America: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 77 North America: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 78 North America: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 79 North America: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
Table 80 North America: Market, by Country, 2018-2022 (USD Million)
Table 81 North America: Market, by Country, 2023-2028 (USD Million)
9.2.3 US
9.2.3.1 Government Initiatives to Revamp, Expand, and Modernize Existing Traffic Management Infrastructure
Table 82 US: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 83 US: Market, by Component, 2023-2028 (USD Million)
Table 84 US: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 85 US: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 86 US: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 87 US: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 88 US: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 89 US: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 90 US: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 91 United States: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
9.2.4 Canada
9.2.4.1 Development of Smart Cities
Table 92 Canada: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 93 Canada: Market, by Component, 2023-2028 (USD Million)
Table 94 Canada: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 95 Canada: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 96 Canada: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 97 Canada: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 98 Canada: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 99 Canada: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 100 Canada: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 101 Canada: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
9.3 Europe
9.3.1 Europe: Market Drivers
9.3.2 Europe: Recession Impact
Figure 37 Europe: Traffic Management Market Snapshot
Table 102 Europe: Market, by Component, 2018-2022 (USD Million)
Table 103 Europe: Market, by Component, 2023-2028 (USD Million)
Table 104 Europe: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 105 Europe: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 106 Europe: Traffic Management Sensors Market, by Type, 2018-2022 (USD Million)
Table 107 Europe: Traffic Management Sensors Market, by Type, 2023-2028 (USD Million)
Table 108 Europe: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 109 Europe: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 110 Europe: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 111 Europe: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 112 Europe: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 113 Europe: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
Table 114 Europe: Market, by Country, 2018-2022 (USD Million)
Table 115 Europe: Market, by Country, 2023-2028 (USD Million)
9.3.3 UK
9.3.3.1 Government Initiatives to Standardize Transport Interfaces Supported by Collaborations and Partnerships
Table 116 UK: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 117 UK: Market, by Component, 2023-2028 (USD Million)
Table 118 UK: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 119 UK: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 120 UK: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 121 UK: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 122 UK: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 123 UK: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 124 UK: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 125 UK: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
9.3.4 Italy
9.3.4.1 Government Investment in Road Safety, Traffic Flow, and Congestion Alleviation
Table 126 Italy: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 127 Italy: Market, by Component, 2023-2028 (USD Million)
Table 128 Italy: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 129 Italy: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 130 Italy: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 131 Italy: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 132 Italy: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 133 Italy: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 134 Italy: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 135 Italy: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
9.3.5 Germany
9.3.5.1 Road Reconstruction: Big Part of 2030 Federal Transport Infrastructure Plan
9.3.6 France
9.3.6.1 Advancements in Robotics and IoT, Especially in Public Transportation
9.3.7 Spain
9.3.7.1 Technology to Play Pivotal Role in Spain's Traffic Management Efforts
9.3.8 Rest of Europe
9.4 Asia-Pacific
9.4.1 Asia-Pacific: Market Drivers
9.4.2 Asia-Pacific: Recession Impact
Figure 38 Asia-Pacific: Traffic Management Market Snapshot
Table 136 Asia-Pacific: Market, by Component, 2018-2022 (USD Million)
Table 137 Asia-Pacific: Market, by Component, 2023-2028 (USD Million)
Table 138 Asia-Pacific: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 139 Asia-Pacific: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 140 Asia-Pacific: Traffic Management Sensors Market, by Type, 2018-2022 (USD Million)
Table 141 Asia-Pacific: Traffic Management Sensors Market, by Type, 2023-2028 (USD Million)
Table 142 Asia-Pacific: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 143 Asia-Pacific: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 144 Asia-Pacific: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 145 Asia-Pacific: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 146 Asia-Pacific: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 147 Asia-Pacific: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
Table 148 Asia-Pacific: Market, by Country/Region, 2018-2022 (USD Million)
Table 149 Asia-Pacific: Market, by Country/Region, 2023-2028 (USD Million)
9.4.3 China
9.4.3.1 Investment in Iovt for More Efficient Systems
Table 150 China: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 151 China: Market, by Component, 2023-2028 (USD Million)
Table 152 China: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 153 China: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 154 China: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 155 China: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 156 China: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 157 China: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 158 China: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 159 China: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
9.4.4 India
9.4.4.1 Implementing Ai-Powered Initiatives and Technological Solutions
Table 160 India: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 161 India: Market, by Component, 2023-2028 (USD Million)
Table 162 India: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 163 India: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 164 India: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 165 India: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 166 India: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 167 India: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 168 India: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 169 India: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
9.4.5 Japan
9.4.5.1 Establishment of Digital Agency for Society 5.0
9.4.6 Australia & New Zealand
9.4.6.1 Government Collaboration with Large Players to Head Smart City Projects
9.4.7 Rest of Asia-Pacific
9.5 Middle East & Africa
9.5.1 Middle East & Africa: Market Drivers
9.5.2 Middle East & Africa: Recession Impact
Table 170 Middle East & Africa: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 171 Middle East & Africa: Market, by Component, 2023-2028 (USD Million)
Table 172 Middle East & Africa: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 173 Middle East & Africa: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 174 Middle East & Africa: Traffic Management Sensors Market, by Type, 2018-2022 (USD Million)
Table 175 Middle East & Africa: Traffic Management Sensors Market, by Type, 2023-2028 (USD Million)
Table 176 Middle East & Africa: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 177 Middle East & Africa: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 178 Middle East & Africa: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 179 Middle East & Africa: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 180 Middle East & Africa: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 181 Middle East & Africa: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
Table 182 Middle East & Africa: Market, by Country/Region, 2018-2022 (USD Million)
Table 183 Middle East & Africa: Market, by Country/Region, 2023-2028 (USD Million)
9.5.3 GCC Countries
Table 184 GCC Countries: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 185 GCC Countries: Market, by Component, 2023-2028 (USD Million)
Table 186 GCC Countries: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 187 GCC Countries: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 188 GCC Countries: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 189 GCC Countries: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 190 GCC Countries: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 191 GCC Countries: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 192 GCC Countries: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 193 GCC Countries: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
Table 194 GCC Countries: Market, by Country, 2018-2022 (USD Million)
Table 195 GCC Countries: Market, by Country, 2023-2028 (USD Million)
9.5.3.1 UAE
9.5.3.1.1 Collaborations with Prominent Players to Build Smart Traffic Systems, Especially Focusing on Road Safety
9.5.3.2 Ksa
9.5.3.2.1 Initiatives Toward Comprehensive Transport Planning Analysis and Performance Reporting
9.5.3.3 Rest of Gcc
9.5.4 South Africa
9.5.4.1 Adoption of Integrated IoT and Cloud Technologies
9.5.5 Rest of Middle East & Africa
9.6 Latin America
9.6.1 Latin America: Market Drivers
9.6.2 Latin America: Recession Impact
Table 196 Latin America: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 197 Latin America: Market, by Component, 2023-2028 (USD Million)
Table 198 Latin America: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 199 Latin America: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 200 Latin America: Traffic Management Sensors Market, by Type, 2018-2022 (USD Million)
Table 201 Latin America: Traffic Management Sensors Market, by Type, 2023-2028 (USD Million)
Table 202 Latin America: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 203 Latin America: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 204 Latin America: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 205 Latin America: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 206 Latin America: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 207 Latin America: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
Table 208 Latin America: Market, by Country, 2018-2022 (USD Million)
Table 209 Latin America: Market, by Country, 2023-2028 (USD Million)
9.6.3 Brazil
9.6.3.1 Focus on Vehicle Monitoring and Incident Management
Table 210 Brazil: Traffic Management Market, by Component, 2018-2022 (USD Million)
Table 211 Brazil: Market, by Component, 2023-2028 (USD Million)
Table 212 Brazil: Traffic Management Hardware Market, by Type, 2018-2022 (USD Million)
Table 213 Brazil: Traffic Management Hardware Market, by Type, 2023-2028 (USD Million)
Table 214 Brazil: Traffic Management Solutions Market, by Type, 2018-2022 (USD Million)
Table 215 Brazil: Traffic Management Solutions Market, by Type, 2023-2028 (USD Million)
Table 216 Brazil: Traffic Management Services Market, by Type, 2018-2022 (USD Million)
Table 217 Brazil: Traffic Management Services Market, by Type, 2023-2028 (USD Million)
Table 218 Brazil: Traffic Management Systems Market, by Type, 2018-2022 (USD Million)
Table 219 Brazil: Traffic Management Systems Market, by Type, 2023-2028 (USD Million)
9.6.4 Mexico
9.6.4.1 Increase in Demand for Improved Transport Infrastructure
9.6.5 Rest of Latin America
10 Competitive Landscape
10.1 Introduction
10.2 Key Player Strategies/Right to Win
10.2.1 Overview of Strategies Deployed by Key Traffic Management Vendors
10.3 Revenue Analysis
Figure 39 Revenue Analysis for Key Companies in Past 5 Years
10.4 Market Share Analysis
Figure 40 Share of Leading Companies in Market
Table 220 Traffic Management Market: Degree of Competition
10.5 Company Evaluation Matrix
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
Figure 41 Global Market: Company Evaluation Matrix, 2022
10.5.5 Market: Company Footprint
Table 221 Component Footprint
Table 222 System Footprint
Table 223 Region Footprint
Table 224 Overall Footprint
10.6 Start-Up/Sme Evaluation Matrix, 2022
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Companies
10.6.4 Starting Blocks
Figure 42 Global Market: Start-Up/Sme Evaluation Matrix, 2022
10.6.5 Competitive Benchmarking
Table 225 Market: Detailed List of Key Start-Ups/SMEs
Table 226 Market: Competitive Benchmarking of Key Start-Ups/SMEs
10.7 Ranking of Key Market Players in Market, 2022
Figure 43 Ranking of Key Traffic Management Vendors, 2022
10.8 Competitive Scenario
10.8.1 Product Launches
Table 227 Market: Product Launches, 2019-2023
10.8.2 Deals
Table 228 Traffic Management Market: Deals, 2020-2023
10.9 Traffic Management Product Benchmarking
10.9.1 Prominent Traffic Management Solutions
Table 229 Comparative Analysis of Prominent Traffic Management Solutions
10.9.1.1 IBM Intelligent Transportation Solution
10.9.1.2 Huawei Intelligent Traffic Management System (Items)
10.9.1.3 Kapsch Trafficcom Intelligent Transportation Systems (Its)
10.9.1.4 Swarco Intelligent Traffic Management (Swarco C-Its)
10.10 Valuation and Financial Metrics of Key Traffic Management Vendors
Figure 44 Valuation and Financial Metrics of Key Traffic Management Vendors
11 Company Profiles
11.1 Major Players
(Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View)*
11.1.1 Huawei
Table 230 Huawei: Company Overview
Figure 45 Huawei: Company Snapshot
Table 231 Huawei: Products/Solutions/Services Offered
Table 232 Huawei: Deals
11.1.2 Mundys Spa
Table 233 Mundys Spa: Company Overview
Figure 46 Mundys Spa: Company Snapshot
Table 234 Mundys Spa: Products/Solutions/Services Offered
Table 235 Mundys Spa: Product Launches
Table 236 Mundys Spa: Deals
11.1.3 Cisco
Table 237 Cisco: Company Overview
Figure 47 Cisco: Company Snapshot
Table 238 Cisco: Products/Solutions/Services Offered
Table 239 Cisco: Product Launches
Table 240 Cisco: Deals
11.1.4 Swarco
Table 241 Swarco: Company Overview
Table 242 Swarco: Products/Solutions/Services Offered
Table 243 Swarco: Product Launches
Table 244 Swarco: Deals
11.1.5 Teledyne Flir
Table 245 Teledyne Flir: Company Overview
Figure 48 Teledyne Flir: Company Snapshot
Table 246 Teledyne Flir: Products/Solutions/Services Offered
Table 247 Teledyne Flir: Product Launches
Table 248 Teledyne Flir: Deals
11.1.6 Kapsch Trafficcom
Table 249 Kapsch Trafficcom: Company Overview
Figure 49 Kapsch Trafficcom: Company Snapshot
Table 250 Kapsch Trafficcom: Products/Solutions/Services Offered
Table 251 Kapsch Trafficcom: Product Launches
Table 252 Kapsch Trafficcom: Deals
11.1.7 Siemens
Table 253 Siemens: Company Overview
Figure 50 Siemens: Company Snapshot
Table 254 Siemens: Products/Solutions/Services Offered
Table 255 Siemens: Product Launches
Table 256 Siemens: Deals
11.1.8 Ibm
Table 257 Ibm: Company Overview
Figure 51 IBM: Company Snapshot
Table 258 Ibm: Products/Solutions/Services Offered
Table 259 Ibm: Others
11.1.9 Q Free
Table 260 Q-Free: Company Overview
Figure 52 Q-Free: Company Snapshot
Table 261 Q-Free: Products/Solutions/Services Offered
Table 262 Q-Free: Product Launches
Table 263 Q-Free: Deals
11.1.10 Thales Group
Table 264 Thales Group: Company Overview
Figure 53 Thales Group: Company Snapshot
Table 265 Thales Group: Products/Solutions/Services Offered
Table 266 Thales Group: Deals
11.1.11 Ptv Group
Table 267 Ptv Group: Company Overview
Table 268 Ptv Group: Products/Solutions/Services Offered
Table 269 Ptv Group: Product Launches
Table 270 Ptv Group: Deals
11.1.12 Cubic Corporation
Table 271 Cubic Corporation: Company Overview
Table 272 Cubic Corporation: Products/Solutions/Services Offered
Table 273 Cubic Corporation: Product Launches
Table 274 Cubic Corporation: Deals
11.1.13 Tomtom
Table 275 Tomtom: Company Overview
Figure 54 Tomtom: Company Snapshot
Table 276 Tomtom: Products/Solutions/Services Offered
Table 277 Tomtom: Product Launches
Table 278 Tomtom: Deals
11.1.14 St Engineering
Table 279 St Engineering: Company Overview
Figure 55 St Engineering: Company Snapshot
Table 280 St Engineering: Products/Solutions/Services Offered
Table 281 St Engineering: Product Launches
Table 282 St Engineering: Deals
11.1.15 Chevron Tm
Table 283 Chevron Tm: Company Overview
Table 284 Chevron Tm: Products/Solutions/Services Offered
Table 285 Chevron Tm: Product Launches
Table 286 Chevron Tm: Deals
11.1.16 Indra
Table 287 Indra: Company Overview
Table 288 Indra: Products/Solutions/Services Offered
Table 289 Indra: Deals
11.1.17 Econolite
Table 290 Econolite: Company Overview
Table 291 Econolite: Products/Solutions/Services Offered
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.
11.2 Start-Up/SME Players
11.2.1 Inrix
11.2.2 Notraffic
11.2.3 Tagmaster
11.2.4 Bercman Technologies
11.2.5 Valerann
11.2.6 Miovision
11.2.7 Bluesignal
11.2.8 Telegra
11.2.9 Oriux
11.2.10 Invarion
11.2.11 Rekor
12 Adjacent Markets
12.1 Smart Cities Market
12.1.1 Market Definition
12.1.2 Market Overview
12.1.3 Smart Cities Market, by Focus Area
Table 292 Smart Cities Market, by Focus Area, 2016-2021 (USD Billion)
Table 293 Smart Cities Market, by Focus Area, 2022-2027 (USD Billion)
12.1.4 Smart Transportation Market, by Component
Table 294 Smart Transportation Market, by Component, 2016-2020 (USD Billion)
Table 295 Smart Transportation Market, by Component, 2021-2026 (USD Billion)
12.1.5 Smart Cities Market, by Region
Table 296 Smart Cities Market, by Region, 2016-2021 (USD Billion)
Table 297 Smart Cities Market, by Region, 2022-2027 (USD Billion)
12.2 Parking Management Market
12.2.1 Market Overview
12.2.2 Parking Management Market, by Offering
Table 298 Parking Management Market, by Offering, 2018-2022 (USD Million)
Table 299 Parking Management Market, by Offering, 2023-2028 (USD Million)
12.2.3 Parking Management Market, by Solution
Table 300 Parking Management Market, by Solution, 2018-2022 (USD Million)
Table 301 Parking Management Market, by Solution, 2023-2028 (USD Million)
12.2.4 Parking Management Market, by Service
Table 302 Parking Management Market, by Service, 2018-2022 (USD Million)
Table 303 Parking Management Market, by Service, 2023-2028 (USD Million)
12.2.5 Parking Management Market, by Parking Site
Table 304 Parking Management Market, by Parking Site, 2018-2022 (USD Million)
Table 305 Parking Management Market, by Parking Site, 2023-2028 (USD Million)
12.2.6 Parking Management Market, by Application
Table 306 Parking Management Market, by Application, 2018-2022 (USD Million)
Table 307 Parking Management Market, by Application, 2023-2028 (USD Million)
12.2.7 Parking Management Market, by Region
Table 308 Parking Management Market, by Region, 2018-2022 (USD Million)
Table 309 Parking Management Market, by Region, 2023-2028 (USD Million)
13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Executive Summary

Companies Mentioned

  • Bercman Technologies
  • Bluesignal
  • Chevron Tm
  • Cisco
  • Cubic Corporation
  • Econolite
  • Huawei
  • IBM
  • Indra
  • Inrix
  • Invarion
  • Kapsch Trafficcom
  • Miovision
  • Mundys Spa
  • Notraffic
  • Oriux
  • Ptv Group
  • Q Free
  • Rekor
  • Siemens
  • ST Engineering
  • Swarco
  • Tagmaster
  • Teledyne Flir
  • Telegra
  • Thales Group
  • Tomtom
  • Valerann

Table Information

Report AttributeDetails
No. of Pages296
PublishedDecember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 42.3 Billion
Forecasted Market Value ( USD ) by 2028 $ 72.5 Billion
Compound Annual Growth Rate11.4%
Regions CoveredGlobal
No. of Companies Mentioned28

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