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Intelligent Traffic Management System Market Size, Share & Trends Analysis Report by Solution (Integrated Corridor Management, Traffic Signal Control System), by Region, and Segment Forecasts, 2022-2030

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    Report

  • 115 Pages
  • February 2022
  • Region: Global
  • Grand View Research
  • ID: 5450198
The global intelligent traffic management system market size is expected to reach USD 27.92 billion by 2030 and expand at a significant CAGR of 13.1% from 2022 to 2030. Improve efficiency in mobility and road transport, the need to reshape transportation networks due to the increasing urban population, and rapid industrialization are some of the factors expected to drive the market growth. These systems reduce traffic congestion, eliminate delays, and send accurate information to commuters and traffic planners. Additionally, government initiatives to implement smart cities with improving road networks are expected to positively impact the growth.



Road congestion is one of the major causes of air pollution. The implementation of intelligent traffic systems makes traffic monitoring easy, thereby reducing harmful emissions, which is expected to impact the growth of the market positively. With the growing smart cities development, rapid urbanization, and the increasing population in developing countries, the demand for intelligent traffic solutions is expected to grow exponentially. Additionally, the rapid adoption of the fourth industrial revolution is anticipated to boost the growth of smart cities, subsequently fueling the demand for intelligent traffic management systems.

However, the absence of standards and the problems of technological uniformity and safety associated with traffic management systems are expected to negatively impact the growth of the market. To mitigate such incidents, the United Nations Economic Commission for Europe (UNECE) is helping in managing road safety legal instruments. Various aspects such as road infrastructure, traffic management, road signs, and signals are negotiated with the member countries and made legally binding. An Intelligent Traffic Management System Market (ITMS) can potentially help in reducing road accidents and enhancing safety. Several countries, including the U.S. and China, are investing aggressively in ITMS solutions, which is expected to bode well for the growth of the market over the forecast period.

Intelligent Traffic Management System Market Report Highlights

  • The integrated corridor management segment is expected to witness a considerable CAGR of 13.9% over the forecast period. The market is gradually adopting advanced technologies that integrate and coordinate the flow of traffic. Additionally, through institutional collaboration and proactive and aggressive integration of the existing infrastructure along major corridors, several people are expected to help manage integrated corridors and improve traffic management
  • The traffic signal control system segment is anticipated to register a considerable CAGR over the forecast period. The availability of highly reliable and low-cost sensors, data storage facilities, and computing and networking infrastructure are some of the factors projected to fuel the growth of the segment in the forthcoming years
  • Asia Pacific is anticipated to expand at a CAGR of 16.9% from 2022 to 2030, driven by rapid urbanization, rising awareness regarding intelligent systems, and increasing population. The rise in disposable income in countries such as China, Japan, and India is expected to increase the purchase of four-wheelers. This is expected to propel the demand for traffic management solutions to resolve traffic congestion problems


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Frequently Asked Questions about the Global Intelligent Traffic Management System Market

What is the estimated value of the Global Intelligent Traffic Management System Market?

The Global Intelligent Traffic Management System Market was estimated to be valued at $10.42 Billion in 2022.

What is the growth rate of the Global Intelligent Traffic Management System Market?

The growth rate of the Global Intelligent Traffic Management System Market is 13.1%, with an estimated value of $27.92 Billion by 2030.

What is the forecasted size of the Global Intelligent Traffic Management System Market?

The Global Intelligent Traffic Management System Market is estimated to be worth $27.92 Billion by 2030.

Who are the key companies in the Global Intelligent Traffic Management System Market?

Key companies in the Global Intelligent Traffic Management System Market include Cubic Corporation, SNC, Lavalin Group (Atkins), Thales Group, International Business Machines Corporation, General Electric Company, Siemens AG, Kapsch TrafficCom and Q.

Table of Contents

Chapter 1 Methodology &Scope
1.1 Research Methodology
1.2 Research Scope and Assumptions
1.2.1 Purchased database
1.2.2 internal database
1.2.3 List of secondary sources
1.2.4 Primary research
1.3 Information Analysis
1.4 Market Formulation & Data Visualization
1.5 Data Validation & Publishing
1.6 List of Abbreviations
Chapter 2 Executive Summary
2.1 Intelligent Traffic Management System Market - Industry Snapshot & Key Buying Criteria, 2017 - 2030
2.2 Global Intelligent Traffic Management System Market, 2017 - 2030
2.2.1 Global Intelligent Traffic Management System Market, By region, 2017 - 2030 (USD Million)
2.2.2 Global Intelligent Traffic Management System Market, By solution, 2017 - 2030 (USD Million)
Chapter 3 Intelligent Traffic Management System Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Intelligent Traffic Management System Market - Value Chain Analysis
3.4 Intelligent Traffic Management System Market Dynamics
3.4.1 Market Driver Analysis
3.4.2 Market Restraint/Challenge Analysis
3.4.3 Market Opportunity Analysis
3.4 Intelligent Traffic Management System Market - COVID-19 Impact Analysis
3.5 Penetration & Growth Prospect Mapping
3.6 Market Analysis Tools
3.6.1 Intelligent Traffic Management System Industry Analysis - Porter’s five forces analysis
3.6.2 Intelligent Traffic Management System Industry Analysis - PESTEL analysis
Chapter 4 Intelligent Traffic Management System Solution Outlook
4.1 Intelligent Traffic Management System Market: By Solution Segment Outlook &Market Share 2020 and 2030
4.2 Traffic Monitoring System
4.2.1 Intelligent Traffic Monitoring System Market, By Region, 2017 - 2030 (USD Million)
4.3 Traffic Signal Control System
4.3.1 Intelligent Traffic Signal Control System Market, By Region, 2017 - 2030 (USD Million)
4.4 Traffic Enforcement Camera
4.4.1 Intelligent Traffic Enforcement Camera Market, By Region, 2017 - 2030 (USD Million)
4.5 Integrated Corridor Management
4.5.1 Intelligent Integrated Corridor Management Market, By Region, 2017 - 2030 (USD Million)
4.6 Intelligent Driver Information System
4.6.1 Intelligent Driver Information System Market, By Region, 2017 - 2030 (USD Million)
4.7 Others
4.7.1 Other Intelligent Traffic Management System Market, By Region, 2017 - 2030 (USD Million)
Chapter 5 Intelligent Traffic Management System Regional Outlook
5.1 Intelligent Traffic Management System Market Share by Region, 2021
5.2 North America
5.2.1 North America intelligent traffic management system market, 2017 - 2030
5.2.2 North America intelligent traffic management system market, by solution, 2017 - 2030
5.2.3 U.S.
5.2.3.1 U.S. intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
5.2.4 Canada
5.2.4.2 Canada intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
5.2.5 Mexico
5.2.5.2 Mexico intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
5.3 Europe
5.3.1 Europe intelligent traffic management system market, 2017 - 2030
5.3.2 Europe intelligent traffic management system market, by solution, 2017 - 2030
5.3.3 Germany
5.3.3.1 Germany intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
5.3.4 U.K.
5.3.4.2 U.K. intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
5.4 Asia Pacific
5.4.1 Asia Pacific intelligent traffic management system market, 2017 - 2030
5.4.2 Asia Pacific intelligent traffic management system market, by solution, 2017 - 2030
5.4.3 China
5.4.3.1 China intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
5.4.4 India
5.4.4.1 India intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
5.4.5 Japan
5.4.5.1 Japan intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
5.5 Central & South America
5.5.1 Central & South America intelligent traffic management system marekt, 2017-2030
5.5.2 Central & South America intelliegent traffic management system market, by solution, 2017 - 2030
5.5.3 Brazil
5.5.3.1 Brazil intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
5.6 MEA
5.6.1 MEA intelligent traffic management system marekt, 2017-2030
5.6.2 MEA intelliegent traffic management system market, by solution, 2017 - 2030
5.6.3 UAE
5.6.3.1 UAE intelligent traffic management system market, By solution, 2017 - 2030 (USD Million)
Chapter 6 Competitive Analysis
6.1 Key Global Players, Recent Developments & Their Impact on the Industry
6.2 Company Categorization
6.3 Vendor Landscape
6.3.1 Intelligent Traffic Management System Market: Key Company Market Ranking Analysis, 2020
Chapter 7 Competitive Landscape
7.1 Cubic Corporation
7.1.1 Company overview
7.1.2 Financial performance
7.1.3 Product benchmarking
7.1.4 Strategic initiatives
7.2 SNC-Lavalin Group (Atkins)
7.2.1 Company overview
7.2.2 Financial performance
7.2.3 Product benchmarking
7.2.4 Strategic initiatives
7.3 Thales Group
7.3.1 Company overview
7.3.2 Financial performance
7.3.3 Product benchmarking
7.3.4 Strategic initiatives
7.4 International Business Machines Corporation
7.4.1 Company overview
7.4.2 Financial performance
7.4.3 Product benchmarking
7.4.4 Strategic initiatives
7.5 General Electric Company
7.5.1 Company overview
7.5.2 Financial performance
7.5.3 Product benchmarking
7.5.4 Strategic initiatives
7.6 Siemens AG
7.6.1 Company overview
7.6.2 Financial performance
7.6.3 Product benchmarking
7.6.4 Strategic initiatives
7.7 Kapsch TrafficCom
7.7.1 Company overview
7.7.2 Financial performance
7.7.3 Product benchmarking
7.7.4 Strategic initiatives
7.8 TomTom International BV
7.8.1 Company overview
7.8.2 Financial performance
7.8.3 Product benchmarking
7.8.4 Strategic initiatives
7.9 Q-Free ASA
7.9.1 Company overview
7.9.2 Financial performance
7.9.3 Product benchmarking
7.9.4 Strategic initiatives
7.10 TransCore
7.10.1 Company overview
7.10.2 Financial performance
7.10.3 Product benchmarking
7.10.4 Strategic initiatives
List of Tables
Table 1 Intelligent traffic management system market-Industry snapshot & key buying criteria, 2017-2030
Table 2 Global intelligent traffic management system market, 2017-2030 (USD Million)
Table 3 Global intelligent traffic management system market, by region, 2017-2030 (USD Million)
Table 4 Global intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 5 Vendor landscape
Table 6 Intelligent traffic monitoring system market, 2017-2030 (USD Million)
Table 7 Intelligent traffic monitoring system market, by region, 2017-2030 (USD Million)
Table 8 Intelligent traffic signal control system market, 2017-2030 (USD Million)
Table 9 Intelligent traffic signal control market by region, 2017-2030 (USD Million)
Table 10 Intelligent traffic enforcement camera market, 2017-2030 (USD Million)
Table 11 Intelligent traffic enforcement camera market, by region, 2017-2030 (USD Million)
Table 12 Intelligent integrated corridor management market, 2017-2030 (USD Million)
Table 13 Intelligent integrated corridor management market, by region, 2017-2030 (USD Million)
Table 14 Intelligent driver information market, 2017-2030 (USD Million)
Table 15 Intelligent driver information system market, by region, 2017-2030 (USD Million)
Table 16 Other intelligent traffic management system market, 2017-2030 (USD Million)
Table 17 Other intelligent traffic management system market, by region, 2017-2030 (USD Million)
Table 18 North America intelligent traffic management system market, 2017-2030 (USD Million)
Table 19 North America intelligent traffic management system market, by solution 2017-2030 (USD Million)
Table 20 U.S. intelligent traffic management system market, 2017-2030 (USD Million)
Table 21 U.S. intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 22 Canada intelligent traffic management system market, 2017-2030 (USD Million)
Table 23 Canada intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 24 Mexico intelligent traffic management system market, 2017-2030 (USD Million)
Table 25 Mexico intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 26 Europe intelligent traffic management system market, 2017-2030 (USD Million)
Table 27 Europe intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 28 Germany intelligent traffic management system market, 2017-2030 (USD Million)
Table 29 Germany intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 30 U.K. intelligent traffic management system market, 2017-2030 (USD Million)
Table 31 U.K. intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 32 Asia Pacific intelligent traffic management system market, 2017-2030 (USD Million)
Table 33 Asia Pacific intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 34 China intelligent traffic management system market, 2017-2030 (USD Million)
Table 35 China intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 36 India intelligent traffic management system market, 2017-2030 (USD Million)
Table 37 India intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 38 Japan intelligent traffic management system market, 2017-2030 (USD Million)
Table 39 Japan intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 40 Central & South America intelligent traffic management system market, 2017-2030 (USD Million)
Table 41 Central & South America intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 42 Brazil intelligent traffic management system market, 2017-2030 (USD Million)
Table 43 Brazil intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 44 MEA intelligent traffic management system market, 2017-2030 (USD Million)
Table 44 MEA intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 45 UAE intelligent traffic management system market, 2017-2030 (USD Million)
Table 46 UAE intelligent traffic management system market, by solution, 2017-2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Primary research process
Fig. 3 Information Analysis
Fig. 4 Data validation and publishing
Fig. 5 Intelligent traffic management system market analysis and key buying criteria, 2017-2030
Fig. 6 Intelligent traffic management system market segmentation
Fig. 7 Intelligent traffic management system market-Value chain analysis
Fig. 8 Intelligent traffic management system market-Market dynamics
Fig. 9 Intelligent traffic management system market-Penetration & growth prospect mapping
Fig. 10 Intelligent traffic management system market-Porter’s five forces analysis
Fig. 11 Intelligent traffic management system market-PESTEL analysis
Fig. 12 Intelligent traffic management system market: By solution segment outlook & market share, 2021 and 2030
Fig. 13 Intelligent traffic management system market: By region segment outlook & market share, 2021 and 2030
Fig. 14 North America intelligent traffic management system market: Key takeaways
Fig. 15 Europe intelligent traffic management system market: Key takeaways
Fig. 16 Asia Pacific intelligent traffic management system market: Key takeaways
Fig. 17 Central & South America intelligent traffic management system market: Key takeaways
Fig. 18 MEA intelligent traffic management system market: Key takeaways
Fig. 19 Key company market ranking analysis, 2021

Companies Mentioned

  • 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

Methodology

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