Intelligent Traffic Management System Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026

Published on : Mar-2019 | List of Tables : 156 | List of Figures : 114 | No. of Pages : 170 | Report Code : FACT319MR | Format : ppt pdf Excel Word

Intelligent Traffic Management System Market – Key Insights

  • Global intelligent traffic management system market registered an impressive CAGR of 10% during the 2012-2016 period, on the back of continuous transformation in the roadway infrastructure that increased the need for managing traffic through automatic operations.
  • Rising demand for technological solutions in such infrastructure is a key factor driving the growth of global intelligent traffic management system market, which is estimated to grow at 11.2% in 2019 through 2018.
  • North America continues to be at the forefront of intelligent traffic management systems market, crossing an estimated value of US$ 3.9 billion in 2018.
  • With revolutionary innovations in the ICT sector, North America is also likely to remain the most attractive market for intelligent traffic management systems, while the United States accounts for relatively high revenue share in the region.

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What are the Growth Driving Factors of Intelligent Traffic Management Systems Market?

  • Increase in adoption of intelligent traffic management systems across the globe can be attributed to their ability to improve efficiency in various situations including mobility and road transport.
  • Intense need to reshape transportation networks, especially in emerging economies due to burgeoning urban population and rapid industrialization, is expected to be highly impactful on the growth of intelligent traffic management systems market.
  • These systems help reduce traffic congestion, eliminate delays, and send accurate information to commuters as well as traffic planners at the right time. Such advantages have led to surge in the demand for efficient traffic management systems which will possibly fuel the market growth.
  • Intelligent traffic management system market is likely to gain immense traction in the foreseeable future, underpinned by growing concerns regarding rising accidents along with air pollution caused by vehicles that reduces the visibility of roads and other transport networks.
  • Growth in presence and construction of expressways to improve interstate transportation is expected to bode well with the global expansion of intelligent traffic management systems market.
  • Rapid penetration of smart cities in developing countries like India that implement IT solutions for smart parking, video surveillance, and prioritization of public transport may largely influence the adoption of intelligent traffic management systems.
  • Booming government initiatives for infrastructural development lined with improving road networks is anticipated to reflect favorably on the growth of global intelligent traffic management systems market.

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What are Challenges Impeding the Growth of Intelligent Traffic Management Systems Market?

  • Although emergence of megacities and rising traffic congestion are expected to accelerate the adoption of advanced traffic management solutions and services, high deployment costs along with restricted expenditure on public sector may create a hindrance in the expansion of intelligent traffic management systems market.
  • In various regions across the globe, traffic management is viewed as less deserving of budgets than other transport solutions which is likely to weaken the overall market.
  • Achieving interoperable and standard architecture for intelligent traffic management systems still remains a challenge for the manufacturers, further restricting the market growth.
  • Security-related issues and lack of uniform technology standards may also limit the expansion of intelligent traffic management system market.

Intelligent Traffic Management System Market – Competitive Landscape

  • In March 2019, Iteris, Inc. was selected by the Metropolitan Transportation Commission (MTC) of San Francisco to improve efficiency and upgrade the intelligent traffic systems across five major cities in the area. In January 2019, the company and Cisco entered into a strategic partnership to promote the latter’s Connected Roadway solution through multiple initiatives between the two firms.
  • In February 2019, Wi-LAN Inc., a company of Quaterhill Inc., along with its several subsidiaries such as Cetus Technologies Inc. signed a comprehensive semiconductor license agreement with SK hynix Inc. The new patents cover NAND flash memory, dynamic RAM, and other related semiconductor technologies.
  • In January 2019, Kyosan Electric Manufacturing Co., Ltd. along with TSTS , a group company and Kyosan India, achieved the commissioning of its Electronic Interlocking (EI) Systems (model: K5BMC) through 100th station in Indian Railways.

Other leading players operating in the intelligent traffic management systems market include Q-Free ASA, IBM Corporation, Siemens AG, Dahua Technology Co., Ltd., Beijing E-Hualu Information Technology Co., Ltd., Econolite Control Products, Inc., and Baumer Holding AG.

Note: The Fact.MR study offers compelling insights into the competitive landscape of the intelligent traffic management systems market, get a sample of the report.

Additional Insights

Incorporation of Cutting-edge Technologies in Transport Networks to Underpin Future of the Market

Several countries are focusing on efficient monitoring of traffic movements with the implementation of advanced technologies that provide quick reactive measures and reduce the effects of unavoidable disaster. This is one the latest trends prevailing in the intelligent traffic management systems market.

Emergence of connected vehicles which require seamless communication platforms may influence the adoption of intelligent traffic management systems for proper functioning and subsequently guide the future expansion of the market.

Integrated Urban Traffic Control Systems Account for Largest Revenue Share

By product, integrated urban traffic control systems are likely to gain greater traction, expanding at a robust CAGR of 15.4% over the forecast period. Holding 16.9% value share, the segment contributes highest revenue to the intelligent traffic management systems market, and the trend is expected to continue during 2017-2026.

Research Methodology

The recent report published by Fact.MR on intelligent traffic management systems market is a result of a thorough and exhaustive research methodology. The actionable and detailed insights into global intelligent traffic management systems market are obtained through a two-step research process involving primary as well as secondary resources. The secondary research was conducted by particularly studying trade journals, paid resources, and other associated publications relevant to intelligent traffic management systems market. The primary research, on the other hand, involved interviewing industry experts. Along with a historical analysis, results from these processes were triangulated to determine the accurate and complete forecast of global intelligent traffic management systems market for the period between 2017 and 2026. 

A new Fact.MR report on intelligent traffic management system provides elaborate and valuable insights into the market performance which is likely to witness a steady growth, owing to a combination of macroeconomic and industry specific factors. The Fact.MR report includes thorough assessment of the expansion of global intelligent traffic management system market during the forecast period of 2017-2026, and offers exhaustive information on the future direction of the market. Qualitative as well as quantitative analysis of the key factors of intelligent traffic management system market are mentioned in the report. In addition, it covers a detailed opportunity assessment of the intelligent traffic management systems market along with in-depth insights into its competitive scenario.

Chapter 1 – Global Intelligent Traffic Management Systems Market – Executive Summary

The Fact.MR report on intelligent traffic management systems market begins with an executive summary which offers brief yet affluent information regarding the global market of intelligent traffic management systems. It mainly includes all the key market highlights in terms of facts and figures.

Chapter 2 – Global Intelligent Traffic Management Systems Market – Overview

Under the chapter, the report includes introduction to the market and concrete definition of the intelligent traffic management systems. It also lists and assesses each macroeconomic factor impacting the growth of intelligent traffic management systems market. In addition, all the industry specific factors influencing the expansion of intelligent traffic management systems market have been analyzed in this section of the report. Further, it details an exhaustive analysis of the cost structure, pricing, supply chain, and raw material sourcing.

Chapter 3 – Global Intelligent Traffic Management Systems Market Analysis and Forecast, 2012-2026

This chapter presents an all-inclusive intelligent traffic management systems market breakdown based on different segments. A historical analysis and forecast data of each segment based of critical parameters such revenue and market share comparison and y-o-y growth rate have been detailed in this section.

Based on product type, the intelligent traffic management systems market is segmented into:

  • 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
  • Other Systems

On the basis of spender type, the intelligent traffic management systems market is segmented into:

  • Infrastructure Enterprises & PPPs
  • Federal and Provincial Government
  • Industries & Commercial Enterprise

Based on components, the intelligent traffic management systems market is segmented into:

  • Traffic Controllers and Signals
  • Surveillance Cameras
  • Video Walls
  • Server
  • 3D Simulators
  • GUI Workstation
  • Detectors & Sensors
  • Other Components

Chapter 4 – North America Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026

The chapter commences with a brief introduction of the intelligent traffic management systems market prevalent in North America. The following sections of the report includes a historical analysis of the intelligent traffic management systems market in the region lined with a comprehensive forecast of the market performance in the developed nations of North America. A market attractiveness analysis has also been mentioned in this chapter of the report.

Chapter 5 – Latin America Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026

In this chapter, an elaborate analysis of latest trends influencing intelligent traffic management systems market in various countries of Latin America has been provided. In addition, it offers historical data of the intelligent traffic management systems market along with an assessment of market performance in the region.

Chapter 6 – Europe Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026

The chapter features a complete forecast of the intelligent traffic management systems market prevalent in Europe. A comprehensive analysis of various important trends influencing the expansion of intelligent traffic management systems market in Europe has been included in the chapter. In addition, the chapter covers a detailed historical analysis of the intelligent traffic management systems market in the region based on country, product type, components, and spender type.

Chapter 7 – Japan Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026

A thorough analysis of the Japan intelligent traffic management systems market has been covered in this chapter. All the key factors impacting the performance of intelligent traffic management systems market in the country have been identified and analyzed in this section. A historical analysis along with an accurate forecast of the intelligent traffic management systems market has been provided in the report.

Chapter 8 – APEJ Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026

Under this chapter, an all-inclusive assessment of the intelligent traffic management systems market in APEJ has been included. The chapter analyzes the intelligent traffic management systems market on the basis of country, product type, components, and spender type.

Chapter 9 – MEA Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026

The chapter offers a detailed analysis of the intelligent traffic management systems market prevalent in Middle East & Africa. A historical assessment and forecast data of the intelligent traffic management systems market performance in the region have been covered in the chapter.

Chapter 10 – Global Intelligent Traffic Management Systems Market – Company Profiles

All the leading players participating in the intelligent traffic management systems market are identified and included in the chapter. A detailed profile of each player sheds light on their product portfolios, market presence, notable business developments, global footprint, strategies, strengths, and weaknesses. Key stakeholders and business professionals actively functioning in the intelligent traffic management systems market can leverage the information provided in the chapter to streamline their strategies and earn maximum profitability.

Chapter 11 – Research Methodology

Fact.MR estimates the size on intelligent traffic management systems market in a comprehensive manner to offer unbiased and independent research solutions for the market to its readers. Every business intelligence report is compiled after an extensive research and interviewing industry experts.

Chapter 14 – Secondary and Primary Resources

In order to offer the exhaustive and accurate information on the intelligent traffic management systems market, Fact.MR relies on secondary research followed by primary resources.

Chapter 15 – Assumptions and Acronyms

This section lists all the assumptions and offers full forms of the acronyms mentioned in the entire report to help its readers comprehend the report better.

1. Global Intelligent Traffic Management Systems Market - Executive Summary

2. Global Intelligent Traffic Management Systems Market Overview
2.1. Introduction
       2.1.1. Global Intelligent Traffic Management Systems Market Taxonomy
       2.1.2. Global Intelligent Traffic Management Systems Market Definition
2.2. Global Intelligent Traffic Management Systems Market Size (US$ Mn) and Forecast, 2012-2026
       2.2.1. Global Intelligent Traffic Management Systems Market Y-o-Y Growth
2.3. Global Intelligent Traffic Management Systems Market Dynamics
2.4. Intelligent Traffic Management System Architecture
2.5. Key Projects Underway
2.6. Policy and Legislation Framework
2.7. Supply Chain
2.8. Pricing Point Assessment and Deployment Cost
2.9. Key Participants Market Presence (Intensity Map) By Region

3. Global Intelligent Traffic Management Systems Market Analysis and Forecast, 2012-2026 
3.1. Global Intelligent Traffic Management Systems Market Size and Forecast By Product Type, 2012-2026
       3.1.1. Integrated Urban Traffic Control System Market Size and Forecast, 2012-2026
                3.1.1.1. Revenue (US$ Mn) Comparison, By Region
                3.1.1.2. Market Share Comparison, By Region
                3.1.1.3. Y-o-Y growth Comparison, By Region
       3.1.2. Freeway Management System Market Size and Forecast, 2012-2026
                3.1.2.1. Revenue (US$ Mn) Comparison, By Region
                3.1.2.2. Market Share Comparison, By Region
                3.1.2.3. Y-o-Y growth Comparison, By Region
       3.1.3. Electronic Toll Collection System Market Size and Forecast, 2012-2026
                3.1.3.1. Revenue (US$ Mn) Comparison, By Region
                3.1.3.2. Market Share Comparison, By Region
                3.1.3.3. Y-o-Y growth Comparison, By Region
       3.1.4. Tunnel Management System Market Size and Forecast, 2012-2026
                3.1.4.1. Revenue (US$ Mn) Comparison, By Region
                3.1.4.2. Market Share Comparison, By Region
                3.1.4.3. Y-o-Y growth Comparison, By Region
       3.1.5. Border Control System Market Size and Forecast, 2012-2026
                3.1.5.1. Revenue (US$ Mn) Comparison, By Region
                3.1.5.2. Market Share Comparison, By Region
                3.1.5.3. Y-o-Y growth Comparison, By Region
       3.1.6. Violation and Measurement Systems Market Size and Forecast, 2012-2026
                3.1.6.1. Revenue (US$ Mn) Comparison, By Region
                3.1.6.2. Market Share Comparison, By Region
                3.1.6.3. Y-o-Y growth Comparison, By Region
       3.1.7. Emergency Response Systems Market Size and Forecast, 2012-2026
                3.1.7.1. Revenue (US$ Mn) Comparison, By Region
                3.1.7.2. Market Share Comparison, By Region
                3.1.7.3. Y-o-Y growth Comparison, By Region
       3.1.8. Parking Management System Market Size and Forecast, 2012-2026
                3.1.8.1. Revenue (US$ Mn) Comparison, By Region
                3.1.8.2. Market Share Comparison, By Region
                3.1.8.3. Y-o-Y growth Comparison, By Region
       3.1.9. Variable / Dynamic Message Signs Market Size and Forecast, 2012-2026
                3.1.9.1. Revenue (US$ Mn) Comparison, By Region
                3.1.9.2. Market Share Comparison, By Region
                3.1.9.3. Y-o-Y growth Comparison, By Region
       3.1.10. Other Systems Market Size and Forecast, 2012-2026
                3.1.10.1. Revenue (US$ Mn) Comparison, By Region
                3.1.10.2. Market Share Comparison, By Region
                3.1.10.3. Y-o-Y growth Comparison, By Region
3.2. Global Intelligent Traffic Management Systems Market Size and Forecast By Spennder Type, 2012-2026
       3.2.1. Federal and Provincial Government Market Size and Forecast, 2012-2026
                3.2.1.1. Revenue (US$ Mn) Comparison, By Region
                3.2.1.2. Market Share Comparison, By Region
                3.2.1.3. Y-o-Y growth Comparison, By Region
       3.2.2. Infrastructure Enterprises & PPPs Market Size and Forecast, 2012-2026
                3.2.2.1. Revenue (US$ Mn) Comparison, By Region
                3.2.2.2. Market Share Comparison, By Region
                3.2.2.3. Y-o-Y growth Comparison, By Region
       3.2.3. Industries & Commercial Enterprise Market Size and Forecast, 2012-2026
                3.2.3.1. Revenue (US$ Mn) Comparison, By Region
                3.2.3.2. Market Share Comparison, By Region
                3.2.3.3. Y-o-Y growth Comparison, By Region
3.3. Global Intelligent Traffic Management Systems Market Size and Forecast By Components, 2012-2026
       3.3.1. Traffic Controllers and Signals Market Size and Forecast, 2012-2026
                3.3.1.1. Revenue (US$ Mn) Comparison, By Region
                3.3.1.2. Market Share Comparison, By Region
                3.3.1.3. Y-o-Y growth Comparison, By Region
       3.3.2. Detectors & Sensors Market Size and Forecast, 2012-2026
                3.3.2.1. Revenue (US$ Mn) Comparison, By Region
                3.3.2.2. Market Share Comparison, By Region
                3.3.2.3. Y-o-Y growth Comparison, By Region
       3.3.3. Server Market Size and Forecast, 2012-2026
                3.3.3.1. Revenue (US$ Mn) Comparison, By Region
                3.3.3.2. Market Share Comparison, By Region
                3.3.3.3. Y-o-Y growth Comparison, By Region
       3.3.4. GUI Workstation Market Size and Forecast, 2012-2026
                3.3.4.1. Revenue (US$ Mn) Comparison, By Region
                3.3.4.2. Market Share Comparison, By Region
                3.3.4.3. Y-o-Y growth Comparison, By Region
       3.3.5. Video Walls Market Size and Forecast, 2012-2026
                3.3.5.1. Revenue (US$ Mn) Comparison, By Region
                3.3.5.2. Market Share Comparison, By Region
                3.3.5.3. Y-o-Y growth Comparison, By Region
       3.3.6. 3D Simulators Market Size and Forecast, 2012-2026
                3.3.6.1. Revenue (US$ Mn) Comparison, By Region
                3.3.6.2. Market Share Comparison, By Region
                3.3.6.3. Y-o-Y growth Comparison, By Region
       3.3.7. Surveillance Cameras Market Size and Forecast, 2012-2026
                3.3.7.1. Revenue (US$ Mn) Comparison, By Region
                3.3.7.2. Market Share Comparison, By Region
                3.3.7.3. Y-o-Y growth Comparison, By Region
       3.3.8. Other Components Market Size and Forecast, 2012-2026
                3.3.8.1. Revenue (US$ Mn) Comparison, By Region
                3.3.8.2. Market Share Comparison, By Region
                3.3.8.3. Y-o-Y growth Comparison, By Region

4. North America Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026
4.1. Revenue (US$ Mn) Comparison, By Country 
4.2. Revenue (US$ Mn) Comparison, By Product Type 
4.3. Revenue (US$ Mn) Comparison, By Spennder Type 
4.4. Revenue (US$ Mn) Comparison, By Components 

5. Latin America Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026
5.1. Revenue (US$ Mn) Comparison, By Country 
5.2. Revenue (US$ Mn) Comparison, By Product Type 
5.3. Revenue (US$ Mn) Comparison, By Spennder Type 
5.4. Revenue (US$ Mn) Comparison, By Components 

6. Europe Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026
6.1. Revenue (US$ Mn) Comparison, By Country 
6.2. Revenue (US$ Mn) Comparison, By Product Type 
6.3. Revenue (US$ Mn) Comparison, By Spennder Type 
6.4. Revenue (US$ Mn) Comparison, By Components 

7. Japan Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026
7.1. Revenue (US$ Mn) Comparison, By Country 
7.2. Revenue (US$ Mn) Comparison, By Product Type 
7.3. Revenue (US$ Mn) Comparison, By Spennder Type 
7.4. Revenue (US$ Mn) Comparison, By Components 

8. APEJ Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026
8.1. Revenue (US$ Mn) Comparison, By Country 
8.2. Revenue (US$ Mn) Comparison, By Product Type 
8.3. Revenue (US$ Mn) Comparison, By Spennder Type 
8.4. Revenue (US$ Mn) Comparison, By Components 

9. MEA Intelligent Traffic Management Systems Market Size and Forecast, 2012-2026
9.1. Revenue (US$ Mn) Comparison, By Country 
9.2. Revenue (US$ Mn) Comparison, By Product Type 
9.3. Revenue (US$ Mn) Comparison, By Spennder Type 
9.4. Revenue (US$ Mn) Comparison, By Components 

10. Global Intelligent Traffic Management Systems Market Company Share, Competition Landscape and Company Profiles
10.1. Company Share Analysis
10.2. Competition Landscape
10.3. Company Profiles
       10.3.1. Quarterhill Inc.
       10.3.2. Q-Free ASA
       10.3.3. Kyosan Electric Mfg. Co., Ltd.
       10.3.4. Iteris, Inc.
       10.3.5. Baumer Holding AG
       10.3.6. Dahua Technology Co., Ltd.
       10.3.7. Econolite Control Products, Inc.
       10.3.8. Siemens AG
       10.3.9. Beijing E-Hualu Information Technology Co., Ltd.
       10.3.10. IBM Corporation

11. Research Methodology

12. Secondary and Primary Sources

13. Assumptions and Acronyms

14. Disclaimer

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Intelligent Traffic Management System Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2017 to 2026