Traffic Control Systems Market Foraying into Emerging Economies through 2026Posted by Arslan on October 30th, 2019 A recent report published by Fact.MR projects that the global intelligent traffic management system market will reach a valuation of US$ 31,692 Mn by 2026-end. Shifting focus towards improving road networks in expected to reflect favorably on the global market. Moreover, increasing need for technologies that can effectively manage and monitor high-speed mobility is creating greater scope of application of intelligent traffic management systems. A technology as such can effectively ensure passenger safety and address some of grave issues of traffic management. In highways and busy roads, it is extremely important to install advanced traffic management systems to monitor various the traffic activities. Traffic regulatory bodies in various countries are introducing guidelines directed towards monitoring traffic movements proactively. Use of such cutting-edge traffic management systems also provisions quicker reactive measures to reduce the impact of unavoidable disasters. Companies are actively focusing on developing more comprehensive set of systems used for effective information apprehension and dissemination to passenger and drivers for safe and secure road travel. In addition, increasing investments in research & development programs is leading to introduction of superior intelligent traffic management systems. Some of latest intelligent traffic management systems come with cost saving solutions for maintenance and energy consumptions. The intelligent traffic management solutions are supporting the infrastructure development plans for smart cities and smart roads. Popularity of intelligent traffic control systems is growing among highway operators and traffic management bodies across the globe owing to their comprehensive road monitoring capabilities. Further, factors such as hyper urbanization and economic growth in emerging countries is expected to influence demand for intelligent traffic management systems. Highlights from the Report Include:
Ask Industry Professional about Concerned Report from here –https://www.factmr.com/connectus/sample?flag=AE&rep_id=319 Leading players profiled in Fact.MR’s report include Cubic, Q-Free, Siemens, Kapsch TrafficCom, Imtech, SWARCO, Kyosan Electric, Peek traffic, Baokang Electronic, Hisense TransTech, and Wantong Technology. Many of this companies are concentrating on improving product efficiency in order to gain greater market share. Like it? Share it!More by this author |