Intelligent Traffic Management Market size was valued at USD 12499.71 Mn. in 2023 and the total Intelligent Traffic Management System revenue is expected to grow by 12.87 % from 2024 to 2030, reaching nearly USD 29170.89 Mn.
Intelligent Traffic Management Market Overview:
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Intelligent Traffic Management Market Scope and Methodology:
The Intelligent Traffic Management market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, assessing their approaches, line of business, results, and place in the Intelligent Traffic Management market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Intelligent Traffic Management market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Intelligent Traffic Management market were developed. The study provides a thorough value chain analysis that clarifies the Intelligent Traffic Management production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Intelligent Traffic Management market on a global and micro level.
Intelligent Traffic Management Market Segmentation:
by Product Type
Integrated Urban Traffic Control System
Variable / Dynamic Message Signs
Emergency Response Systems
Border Control System
Electronic Toll Collection System
Parking Management System
Violation And Measurement Systems
Tunnel Management System
Freeway Management System
Integrated Urban Traffic Control Systems, Variable / Dynamic Message Signs, Emergency Response Systems, Border Control Systems, Electronic Toll Collection Systems, Parking Management Systems, Violation and Measurement Systems, Freeway Management Systems, and Others are the different product categories into which the Intelligent Traffic Management Market is divided. In 2021, the Integrated Urban Traffic Control System commanded the greatest market share. In order to govern traffic flows on the road network, UTC systems are a sort of traffic management that integrates and coordinates traffic signal control over a large region.
by Components
Traffic Controllers And Signals
Surveillance Cameras
Video Walls
Server
3D Simulators
GUI Workstation
Detectors & Sensors
Other Components
During the forecast period, traffic controllers and signals are anticipated to hold a dominant market share of 13.37% CAGR. The number of cars on the road is rising, which is fueling the market's growth, as is the need from passengers and drivers for real-time traffic information. Other significant factors propelling the rising Intelligent Traffic Management Market are inadequate infrastructure and an increase in government initiatives for better traffic management. Throughout 2022, the industry is predicted to develop quickly, but growth will be erratic regardless of the pandemic breakout. Due to changes in several product groups and project delays, a full decline in demand is not anticipated. As traffic effectiveness increases throughout the course of the projection period, the market for intelligent traffic management expands.
by Spender Type
Infrastructure Enterprises & Ppps
Federal And Provincial Government
Industries & Commercial Enterprise
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Intelligent Traffic Management Market Key Players:
1. Cubic Corporation (US)
2. IBM Corporation (US)
3. General Electric Company (US)
4. TransCore (US)
5. Econolite Control Products, Inc. (US)
6. Iteris Inc (US)
7. Cisco Systems, Inc (US)
8. Teledyne FLIR LLC (US)
9. Chevron Corporation (US)
10.SNC-Lavalin Group (Canada)
11.Quarterhill Inc (Canada)
12.Siemens AG (Germany)
13.PTV GmbH (Germany)
14.Thales Group (France)
15.Alstom (France)
16.SICE (Spain)
17.Kapsch TrafficCom (Austria)
18.SWARCO (Austria)
19.TomTom International BV (Netherlands)
20.Baumer Holding AG. (Switzerland)
21.Q-Free ASA (Norway)
22.Zhejiang Dahua Technology Co., Ltd. (China)
23.Huawei Technologies Co., Ltd. (China)
24.Fujitsu (Japan)
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Intelligent Traffic Management Market Regional Insights :
The size and trends in the Intelligent Traffic Management market in each of the following regions are thoroughly examined in this research: North America (which includes the United States, Canada, and Mexico); Europe (which includes France, Spain, Germany, Italy, and other European countries); Asia-Pacific (which includes China, Japan, India, Australia, South Korea, ASEAN countries, and others APAC countries); South America (which includes Argentina, Brazil, and other South American countries); and Middle East and Africa (which includes South Africa, Egypt, and other MEA countries).
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Key questions answered in the Intelligent Traffic Management Market are:
- What is Intelligent Traffic Management?
- What was the Intelligent Traffic Management market size in 2023?
- Which are the factors expected to drive the Intelligent Traffic Management market growth?
- Who are the leading companies and what are their portfolios in Intelligent Traffic Management Market?
- What growth strategies are the players considering to increase their presence in Intelligent Traffic Management?
- What are the upcoming industry applications and trends for the Intelligent Traffic Management Market?
- What will be the CAGR at which the Intelligent Traffic Management market will grow?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Intelligent Traffic Management Market?
- What are the different segments of the Intelligent Traffic Management Market?
- What is the growth rate of the Intelligent Traffic Management Market?
- What segments are covered in the Intelligent Traffic Management Market?
- Who are the key players in the Intelligent Traffic Management market?
- What are the key challenges and opportunities in the Intelligent Traffic Management market?
- Which application holds the highest potential in the Intelligent Traffic Management market?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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