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Traffic Management - Global Market Trajectory & Analytics

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    Report

  • 482 Pages
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5030499
Global Traffic Management Market to Reach $113.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Traffic Management estimated at US$31.5 Billion in the year 2020, is projected to reach a revised size of US$113.4 Billion by 2027, growing at a CAGR of 20.1% over the analysis period 2020-2027. Smart Signaling, one of the segments analyzed in the report, is projected to record a 20.7% CAGR and reach US$24.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Route Guidance segment is readjusted to a revised 21.4% CAGR for the next 7-year period.





The U.S. Market is Estimated at $8.5 Billion, While China is Forecast to Grow at 25.7% CAGR

The Traffic Management market in the U.S. is estimated at US$8.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.5 Billion by the year 2027 trailing a CAGR of 25.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.6% and 17.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.9% CAGR.

Traffic Analytics Segment to Record 19.6% CAGR

In the global Traffic Analytics segment, USA, Canada, Japan, China and Europe will drive the 18.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.3 Billion in the year 2020 will reach a projected size of US$23.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$18.2 Billion by the year 2027, while Latin America will expand at a 21.5% CAGR through the analysis period.

Select Competitors (Total 38 Featured):
  • Accenture PLC
  • Cisco Systems, Inc.
  • Cubic Corporation
  • Indra Sistemas SA
  • Iteris, Inc.
  • Kapsch TrafficCom AG
  • LG CNS Co., Ltd.
  • Metro Infrasys Pvt., Ltd.
  • Q-Free ASA
  • Siemens AG
  • SWARCO AG
Frequently Asked Questions about the Global Market for Traffic Management

What is the estimated value of the Global Market for Traffic Management?

The Global Market for Traffic Management was estimated to be valued at $31.5 Billion in 2020.

What is the growth rate of the Global Market for Traffic Management?

The growth rate of the Global Market for Traffic Management is 20.1%, with an estimated value of $113.4 Billion by 2027.

What is the forecasted size of the Global Market for Traffic Management?

The Global Market for Traffic Management is estimated to be worth $113.4 Billion by 2027.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 38