Intelligent Traffic Management Market Major Players with Report Data 2026

Posted by Pradip on January 3rd, 2020

Market Size – USD 20.53 Billion in 2018, Market Growth - CAGR of 8.7%, Market Trends – Product launches and research for advanced ITS

New York, October 23, 2019 - According to the current analysis of Reports and Data, the global intelligent traffic Management Market valued at USD 20.53 Billion in 2018 and is expected to reach USD 40.22 Billion by year 2026, at a CAGR of 8.7 %. Intelligent traffic Management market estimates the revenue generated by the solutions deployed in the cities for urban traffic management. These solutions are used to minimize congestion.

 The most outstanding ITS solutions include intelligent signaling systems, traditional signaling and video surveillance systems, route guidance systems and intelligent video management systems. The demand for intelligent traffic Management Market is dependent on factors such as strong population growth and hyper-urbanization in developing countries, as well as government initiatives on transportation management based on smart city models. As the deployment of intelligent transportation solutions in smart cities increases, the intelligent traffic management market is expected to gain a lot over the forecast period. Additionally, an increasing number of vehicles, a growing population and hyper-urbanization is expected to generate the need to update existing systems. A growing number of smart cities and the growing adoption of IoT should open new growth opportunities. Government initiatives to reduce greenhouse gas emissions are also expected to drive growth in the sector over the forecast period.

Top manufacturers in Intelligent Traffic Management market are:

Kapsch TrafficCom, Cisco, Cubic, Swarco, EFKON, Siemens, Sumitomo, Flir Systems , Jenoptik AG, LG CNS, and Iteris

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Increased income levels have increased the demand for mobility of people and increased road congestions in major cities around the world, which has increased the demand for advanced transportation management systems. These factors are expected to drive the intelligent traffic Management Market. Moreover, the increasing demand for lowering the average speed of traffic will lead to the growth of the intelligent traffic Management Market. However, lack of safe and good quality public transportation, major road safety concerns, insufficient transit capacity, are the major hindrance for intelligent traffic management market growth during 2019-2026.

In market segmentation by geographical regions, the report has analysed the following regions-       

  •          North America
  •          Europe
  •          China
  •          Japan
  •          Middle East & Africa
  •          India
  •          South America
  •          Others

Function Type (Revenue, USD Billion; 2016–2026)

  •          Traffic Monitoring
  •          Traffic Control
  •          Information Provision

Hardware Type (Revenue, USD Billion; 2016–2026)

  •          Display Boards
  •          Sensors
  •          Radars
  •          Interface Boards
  •          Surveillance Cameras

Sensors Type (Revenue, USD Billion; 2016–2026)

  •          Infrared
  •          Weigh-In Motion
  •          Acoustic Sensors

Solution Type (Revenue, USD Billion; 2016–2026)

  •          Smart Signaling
  •          Route Guidance and Optimization
  •          Traffic Analytics
  •          Smart Surveillance

 The research provides answers to the following key questions:

  •          What is the estimated size of theIntelligent Traffic Management market for the forecast period, 2018 - 2026? What will be the growth rate of the industry during the estimated period?
  •          What are the prominent driving forces likely to impact the progress of the industry across different regions?
  •          Who are the major market players occupying a strong foothold in the Intelligent Traffic Management market? What are the winning strategies adopted by them to stay ahead in the competition?
  •          What are the potential opportunities for the Intelligent Traffic Management market for the forecast period, 2018 - 2026?
  •          What are the key trends expected to shape the development of the industry over the coming years?
  •          What are the key restraints and challenges likely to hinder the growth of the Intelligent Traffic Management market worldwide?

The study objectives of this Intelligent Traffic Management market report are:

  1.       To study and forecast the market size of Intelligent Traffic Management in global market.
  2.       To analyze the global key players, swot analysis, value and global market share for top players.
  3.       To define, describe and forecast the market by type, end use and region.
  4.       To analyze and compare the market status and forecast among global major regions.
  5.       To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
  6.       To identify significant trends and factors driving or inhibiting the market growth.
  7.       To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  8.       To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  9.       To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  10.   To strategically profile the key players and comprehensively analyze their growth strategies.

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Joined: December 23rd, 2019
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