Amid the COVID-19 crisis, the global market for Traffic Information Services estimated at US$6.1 Billion in the year 2020, is projected to reach a revised size of US$15.2 Billion by 2027, growing at a CAGR of 14% over the period 2020-2027.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 18.2% CAGR for the Period of 2020-2027
The Traffic Information Services market in the U. S. is estimated at US$1.6 Billion in the year 2020. The country currently accounts for a 26.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.4 Billion in the year 2027 trailing a CAGR of 18.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 12.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR while Rest of European market (as defined in the study) will reach US$3.4 Billion by the year 2027.The publisher brings years of research experience to this 17th edition of our report. The 150-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others
- Airsage Inc.
- Alibaba Group Holding Limited
- Apple Inc.
- Beijing Lingtu Software Technology Co. Ltd.
- Cellint
- Cubic Corporation
- Garmin International Inc.
- Google Inc.
- HERE Global B. V.
- Infoblu S. p.A.
- INRIX Inc.
- Kapsch TrafficCom AG
- LG CNS
- NavInfo Co. Ltd.
- Q-Free ASA
- Sirius XM Holdings Inc.
- TomTom International B. V.
- TrafficCast International Inc.
- Waze Mobile
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Traffic Information Services (TIS): An Introductory Prelude
Recent Market Activity
Alarming Increase in Traffic Congestion Levels Creates Fertile Environment for TIS
Key Benefits Offered Augment Market Prospects
Improved Traffic Flow
Reduced Travel Time & Superior Fuel Mileage
Decreased Vehicular Pollution
Enhanced Road Safety
Developed Regions - The Key Markets
Developing Regions to Turbo Charge Future Growth
Positive Economic Scenario to Extend Growth Opportunities
Global Market Outlook
Global Competitor Market Shares
Traffic Information Services Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
Airsage, Inc. (USA)
Alibaba Group Holding Limited (China)
Apple Inc. (USA)
Beijing Lingtu Software Technology Co., Ltd. (China)
Cellint (Israel)
Cubic Corporation (USA)
Garmin International, Inc. (USA)
Google Inc. (USA)
Waze Mobile (Israel)
Global Traffic Network Inc. (Australia)
HERE Global B.V. (Netherlands)
Infoblu S.p.A. (Italy)
INRIX, Inc. (USA)
Kapsch TrafficCom AG (Austria)
LG CNS (South Korea)
NavInfo Co. Ltd. (China)
Q-Free ASA (Norway)
Sirius XM Holdings Inc. (USA)
TomTom International B.V. (The Netherlands)
TrafficCast International, Inc. (USA)
3. MARKET TRENDS & DRIVERS
RDS-TMC Broadcasting: The Conventional TIS Platform
GPS Navigation Spawns Incredible Demand for TIS
Ubiquity of Internet Builds Momentum for Massive Growth
Smartphone Enhances Addressable Market for TIS
4G Networks Boost Smartphone’s Role in TIS
Big Data Seeks Role in TIS Domain
Emphasis on Connected Car Widens Audience Base for TIS
Traffic Updates Become Core Feature in On-Board Navigation Systems
Uptrend in Automotive Sales Bodes Well
TIS Gains Immense Popularity Among Urban Motorists
Road Carriers Leverage TIS for Improved Trucking Operations
Expanding Role of Telematics in Fleet Management Augurs Well
TIS: A Handy Tool for Cab Operators
‘Smart City’ Extends Robust Opportunities
Potential Opportunities in New & Upcoming Road Infrastructure Programs
Diverse Functionality Improves Proficiency of TIS
Expanding Role of Location-Based Intelligence Augments Market Prospects
Effectiveness of Data Collection Enhances Accuracy & Appeal of TIS
Intrusive Technologies Extend Proficiency in Traffic Measurement
Non-Intrusive Methods Gain Wider Traction in Traffic Data Collection
Crowd Sourcing Emerges as Viable Tool
Growing Importance of Intelligent Transport Systems to Drive Growth
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Traffic Information Services Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Traffic Information Services Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Traffic Information Services Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
Market Analytics
TABLE 4: United States Traffic Information Services Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 5: Traffic Information Services Market in the United States: A Historic Review in US$ Million for 2012-2019
CANADA
TABLE 6: Canadian Traffic Information Services Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 7: Canadian Traffic Information Services Historic Market Review in US$ Million: 2012-2019
JAPAN
TABLE 8: Japanese Market for Traffic Information Services: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 9: Traffic Information Services Market in Japan: Historic Sales Analysis in US$ Million for the Period 2012-2019
CHINA
TABLE 10: Chinese Traffic Information Services Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 11: Traffic Information Services Historic Market Analysis in China in US$ Million: 2012-2019
EUROPE
TABLE 12: European Traffic Information Services Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 13: Traffic Information Services Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 14: European Traffic Information Services Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
FRANCE
TABLE 15: Traffic Information Services Market in France: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 16: French Traffic Information Services Historic Market Scenario in US$ Million:2012-2019
GERMANY
TABLE 17: Traffic Information Services Market in Germany: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 18: German Traffic Information Services Historic Market Analysis in US$ Million: 2012-2019
ITALY
TABLE 19: Italian Traffic Information Services Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 20: Traffic Information Services Historic Market Analysis in Italy in US$ Million:2012-2019
UNITED KINGDOM
TABLE 21: United Kingdom Market for Traffic Information Services: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 22: Traffic Information Services Market in the United Kingdom: Historic Sales Analysis in US$ Million for the Period 2012-2019
SPAIN
TABLE 23: Spanish Traffic Information Services Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 24: Spanish Traffic Information Services Historic Market Review in US$ Million: 2012-2019
RUSSIA
TABLE 25: Russian Traffic Information Services Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 26: Traffic Information Services Market in Russia: A Historic Review in US$ Million for 2012-2019
REST OF EUROPE
TABLE 27: Rest of Europe Traffic Information Services Market Estimates and Forecasts in US$ Million: 2020-2027
TABLE 28: Traffic Information Services Market in Rest of Europe in US$ Million: A Historic Review for the Period 2012-2019
ASIA-PACIFIC
TABLE 29: Asia-Pacific Traffic Information Services Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 30: Traffic Information Services Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 31: Asia-Pacific Traffic Information Services Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
AUSTRALIA
TABLE 32: Traffic Information Services Market in Australia: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 33: Australian Traffic Information Services Historic Market Analysis in US$ Million: 2012-2019
INDIA
TABLE 34: Indian Traffic Information Services Market Estimates and Forecasts in US$ Million: 2020 to 2027
TABLE 35: Indian Traffic Information Services Historic Market Review in US$ Million: 2012-2019
SOUTH KOREA
TABLE 36: Traffic Information Services Market in South Korea: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 37: South Korean Traffic Information Services Historic Market Analysis in US$ Million: 2012-2019
REST OF ASIA-PACIFIC
TABLE 38: Rest of Asia-Pacific Market for Traffic Information Services: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 39: Traffic Information Services Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million for the Period 2012-2019
LATIN AMERICA
TABLE 40: Latin American Traffic Information Services Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 41: Traffic Information Services Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 42: Latin American Traffic Information Services Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
ARGENTINA
TABLE 43: Argentinean Traffic Information Services Market Estimates and Forecasts in US$ Million: 2020-2027
TABLE 44: Traffic Information Services Market in Argentina in US$ Million: A Historic Review for the Period 2012-2019
BRAZIL
TABLE 45: Traffic Information Services Market in Brazil: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 46: Brazilian Traffic Information Services Historic Market Scenario in US$ Million: 2012-2019
MEXICO
TABLE 47: Traffic Information Services Market in Mexico: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 48: Mexican Traffic Information Services Historic Market Analysis in US$ Million: 2012-2019
REST OF LATIN AMERICA
TABLE 49: Rest of Latin America Traffic Information Services Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 50: Traffic Information Services Market in Rest of Latin America: A Historic Review in US$ Million for 2012-2019
MIDDLE EAST
TABLE 51: The Middle East Traffic Information Services Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 52: Traffic Information Services Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 53: The Middle East Traffic Information Services Market Share Breakdown by Region/Country: 2012, 2020, and 2027
IRAN
TABLE 54: Iranian Market for Traffic Information Services: Annual Sales Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 55: Traffic Information Services Market in Iran: Historic Sales Analysis in US$ Million for the Period 2012-2019
ISRAEL
TABLE 56: Israeli Traffic Information Services Market Estimates and Forecasts in US$ Million: 2020-2027
TABLE 57: Traffic Information Services Market in Israel in US$ Million: A Historic Review for the Period 2012-2019
SAUDI ARABIA
TABLE 58: Saudi Arabian Traffic Information Services Market Growth Prospects in US$ Million for the Period 2020-2027
TABLE 59: Traffic Information Services Historic Market Analysis in Saudi Arabia in US$ Million: 2012-2019
UNITED ARAB EMIRATES
TABLE 60: Traffic Information Services Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 61: United Arab Emirates Traffic Information Services Historic Market Analysis in US$ Million: 2012-2019
REST OF MIDDLE EAST
TABLE 62: Traffic Information Services Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million for the Period 2020-2027
TABLE 63: Rest of Middle East Traffic Information Services Historic Market Analysis in US$ Million: 2012-2019
AFRICA
TABLE 64: African Traffic Information Services Market Estimates and Projections in US$ Million: 2020 to 2027
TABLE 65: Traffic Information Services Market in Africa: A Historic Review in US$ Millionfor 2012-2019
IV. COMPETITION
Total Companies Profiled: 54
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