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Intelligent Traffic Management System Market Size, Share & Trends Analysis Report By Solution (Traffic Monitoring System, Traffic Signal Control System, Integrated Corridor Management), By Region, And Segment Forecasts, 2021 - 2028

  • ID: 5450198
  • Report
  • September 2021
  • Region: Global
  • 115 pages
  • Grand View Research

FEATURED COMPANIES

  • Cubic Corporation
  • General Electric Company
  • Kapsch TrafficCom
  • Q-Free ASA
  • Siemens AG
  • Thales Group
The global intelligent traffic management system market size is expected to reach USD 21.38 billion by 2028, expanding at a CAGR of 11.9% from 2021 to 2028, according to a new study by the publisher 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 cities are 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. An intelligent traffic management system is one of the integral parts of a smart city. The rapid urbanization and the increasing population in developing countries are expected to influence the demand for intelligent traffic solutions. 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.

Road accidents and the fatalities stemming from them are increasing. 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 (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. For instance, the U.S. DOT has been investing aggressively in the research and development, adoption, and deployment of ITMS across the country.

Intelligent Traffic Management System Market Report Highlights

  • In terms of solutions, the integrated corridor management segment is anticipated to witness considerable growth over the forecast period. Significant improvements in the effective movement of goods and people through institutional collaboration and proactive and aggressive integration of the existing infrastructure along major corridors are expected to help manage integrated corridors and improve traffic management
  • In terms of region, the Asia Pacific regional market is expected to register a significant CAGR from 2021 to 2028. Rapid urbanization, rising awareness regarding intelligent systems, and increasing population are anticipated to propel the regional market growth
  • The rise in disposable income is expected to increase the purchase of four-wheelers over the forecast period. This is expected to further propel the demand for traffic management solutions in the Asia Pacific region to resolve traffic congestion problems
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Cubic Corporation
  • General Electric Company
  • Kapsch TrafficCom
  • Q-Free ASA
  • Siemens AG
  • Thales Group
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.2 Information Procurement
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 Market Summary
2.2 Segment Outlook
2.2.1 Intelligent Traffic Management System Market, By region, 2018 - 2028 (USD Million)
2.2.2 Intelligent Traffic Management System Market, By solution, 2018 - 2028 (USD Million)

Chapter 3 Intelligent Traffic Management System Market: Industry Outlook
3.1 Market Segmentation
3.2 Value Chain Analysis
3.3 Intelligent Traffic Management System Market Dynamics
3.3.1 Market Driver Analysis
3.3.2 Market Restraint/Challenge Analysis
3.3.3 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 Market: Solution Segment Analysis
4.1 Intelligent Traffic Management System Market: By Solution Segment Outlook & Market Share 2020 and 2028
4.2 Traffic Monitoring System
4.2.1 Intelligent Traffic Monitoring System Market, By Region, 2018 - 2028 (USD Million)
4.3 Traffic Signal Control System
4.3.1 Intelligent Traffic Signal Control System Market, By Region, 2018 - 2028 (USD Million)
4.4 Traffic Enforcement Camera
4.4.1 Intelligent Traffic Enforcement Camera Market, By Region, 2018 - 2028 (USD Million)
4.5 Integrated Corridor Management
4.5.1 Intelligent Integrated Corridor Management Market, By Region, 2018 - 2028 (USD Million)
4.6 Intelligent Driver Information System
4.6.1 Intelligent Driver Information System Market, By Region, 2018 - 2028 (USD Million)
4.7 Others
4.7.1 Other Intelligent Traffic Management System Market, By Region, 2018 - 2028 (USD Million)

Chapter 5 Intelligent Traffic Management System Market: Region Segment Analysis
5.1 Intelligent Traffic Management System Market: By Region Segment Outlook & Market Share 2020 and 2028
5.2 North America
5.2.1 North America
5.2.1.1 North America intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.2.2 U.S.
5.2.2.1 U.S. intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.2.3 Canada
5.2.3.1 Canada intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.3 Europe
5.3.1 Europe
5.3.1.1 Europe intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.3.2 Germany
5.3.2.1 Germany intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.3.3 U.K.
5.3.3.1 U.K. intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.4 Asia Pacific
5.4.1 Asia Pacific
5.4.1.1 Asia Pacific intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.4.2 China
5.4.2.1 China intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.4.3 India
5.4.3.1 India intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.4.4 Japan
5.4.4.1 Japan intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.5 Central & South America
5.5.1 Central & South America
5.5.1.1 Central & South America intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.5.2 Brazil
5.5.2.1 Brazil intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.6 MEA
5.6.1 MEA
5.6.1.1 MEA intelligent traffic management system market, By solution, 2018 - 2028 (USD Million)
5.6.2 UAE
5.6.2.1 UAE intelligent traffic management system market, By solution, 2018 - 2028 (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 List of Abbreviation
Table 2 Intelligent traffic management system market, by region, 2018 - 2028 (USD Million)
Table 3 Intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 4 Intelligent traffic monitoring system market, by region, 2018 - 2028 (USD Million)
Table 5 Intelligent traffic signal control system market, by region, 2018 - 2028 (USD Million)
Table 6 Intelligent traffic enforcement camera market, by region, 2018 - 2028 (USD Million)
Table 7 Intelligent integrated corridor management market, by region, 2018 - 2028 (USD Million)
Table 8 Intelligent driver information system market, by region, 2018 - 2028 (USD Million)
Table 9 Other intelligent traffic management system market, by region, 2018 - 2028 (USD Million)
Table 10 North America intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 11 U.S. intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 12 Canada intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 13 Europe intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 14 Germany intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 15 U.K. intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 16 Asia Pacific intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 17 China intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 18 India intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 19 Japan intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 20 Central & South America intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 21 Brazil intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 22 MEA intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)
Table 23 UAE intelligent traffic management system market, by solution, 2018 - 2028 (USD Million)

List of Figures
Figure. 1 Market research process
Figure. 2 Primary research process
Figure. 3 Information Analysis
Figure. 4 Data validation and publishing
Figure. 5 Intelligent traffic management system market analysis and key buying criteria, 2018-2028
Figure. 6 Intelligent traffic management system market segmentation
Figure. 7 Intelligent traffic management system market - Value chain analysis
Figure. 8 Intelligent traffic management system market - Market dynamics
Figure. 9 Intelligent traffic management system market - Penetration & growth prospect mapping
Figure. 10 Intelligent traffic management system market - Porter’s five forces analysis
Figure. 11 Intelligent traffic management system market - PESTEL analysis
Figure. 12 Intelligent traffic management system market: By solution segment outlook & market share, 2020 and 2028
Figure. 13 Intelligent traffic management system market: By region segment outlook & market share, 2020 and 2028
Figure. 14 North America intelligent traffic management system market: Key takeaways
Figure. 15 Europe intelligent traffic management system market: Key takeaways
Figure. 16 Asia Pacific intelligent traffic management system market: Key takeaways
Figure. 17 Central & South America intelligent traffic management system market: Key takeaways
Figure. 18 MEA intelligent traffic management system market: Key takeaways
Figure. 19 Key company market ranking analysis, 2020
Note: Product cover images may vary from those shown
  • 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
Note: Product cover images may vary from those shown

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