Global Integrated Traffic System Market Report 2021: A $41.06 Billion Industry – Size, Market Share, Applications, Growth Trends, Key Players, Competitive Strategies, 2019-2029 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The report “Integrated Traffic System Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 To 2029” has been added to from ResearchAndMarkets.com offer.

Global Integrated Traffic Systems Market was valued at USD 21.98 Billion in 2020 and is projected to reach USD 41.06 Billion, growing at a CAGR of 7.2% during the forecast period 2021 to 2029 .

For decades, the growing complexity of urban traffic has forced urban planners and government authorities to find smarter ways to control traffic. Public authorities are keen on traffic management solutions that improve mobility by reducing traffic jams, ensure road safety and above all limit serious damage to the environment due to increased pollution.

The systematic improvement of traffic management is one of the main solutions to meet the permanent challenge of urban dependence on transport. The integrated traffic system aims to improve the effectiveness and efficiency of the traffic system.

Traffic monitoring to dominate; Traffic control is configured for maximum growth throughout the forecast period

Based on application, the global integrated traffic system market is categorized into traffic monitoring, traffic mining, and traffic control. Traffic monitoring, being one of the most prominent applications, is dominant and is expected to register significant growth throughout the forecast period.

This is due to the information gathered through the use of traffic monitoring systems, providing benefits such as road safety, real-time traffic observation, and reduction in vehicle-related crime, among others. It helps to avoid illegal driving practices, tracking and penalization based on vehicle registration number.

The lack of advanced transport infrastructure in developed and developing economies propels the development of new and advanced technologies. In contrast, traffic control systems provide advanced solutions to improve traffic flow in urban areas.

Through optimal use of transport infrastructure, traffic control systems such as advanced traffic light controllers and parking systems, among others, enable more efficient use of mobility networks, improved road safety and a reduced environmental impact. Thanks to these factors, the growth of the integrated traffic systems market is enhanced.

Europe dominates followed by North America; Asia Pacific is expected to register the highest growth over the forecast period

In 2021, Europe was the region contributing the highest value to the global integrated traffic system market, behind North America. Europe is expected to grow steadily over the forecast period of 2021 to 2029.

This is due to the presence of advanced infrastructure and early adoption of the technology in countries like Germany, UK, among others. On the other hand, the Asia-Pacific region is expected to register the fastest growth over the forecast period due to the large investments made by several organizations including rapid urbanization.

The demand for integrated traffic systems in Asia-Pacific is driven by the growing emphasis on safety and the emphasis on an emission-free environment in developing countries such as China and India.

Some of the major manufacturers featured in the study include

  • Sumitomo Electrical Industries

  • Citilog SA

  • cubic society

  • Siemens

  • EFKON India pvt. ltd.

  • Imtac LLC

  • Intelvision Technologies Ltd.

  • Iteris Inc.

  • Nuance Communications Inc.

  • Savari inc.

  • Thales Group SA

  • TransCore LP

  • Sarco Holding

Main topics covered:

1. Preface

1.1. Report scope and description

1.2. Research Methodology

2. Executive Summary

2.1. Global ITS Market Overview

2.2. Global ITS Market, By Offerings, 2020 (USD Billion)

2.3. Global ITS Market, by Application, 2020 (USD Billion)

2.4. Global ITS Market, By Component, 2020 (USD Billion)

2.5. Global ITS Market, By Geography, 2020 (USD Billion)

3. Global ITS Market Analysis

3.1. Global ITS Market Overview

3.2. Market Tilt Overview

3.2.1. Recent trends

3.2.2. Future prospects

3.3. Market dynamics

3.3.1. Market factors

3.3.2. Market challenges

3.4. Attractive investment proposition, by geography, 2020

3.5. Competitive landscape

3.5.1. Market positioning of major manufacturers

3.5.2. Main strategies adopted

4. Global Integrated Traffic Systems (ITS) Market Value, By Offerings, 2019-2029 (USD Billion)

4.1. Comparative analysis

4.1.1. Market value of ITS, by offers, 2019 and 2029 (value %)

4.2. Services

4.3. Solutions

5. Global Integrated Traffic Systems (ITS) Market Value, by Application, 2019-2029 (USD Billion)

5.1. Comparative analysis

5.1.1. Market value of ITS, by application, 2019 and 2029 (value %)

5.2. Traffic monitoring

5.3. traffic operation

5.4. traffic control

6. Global Integrated Traffic Systems (ITS) Market Value, by Component, 2019-2029 (USD Billion)

6.1. Comparative analysis

6.1.1. Market value of ITS, by component, 2019 and 2029 (value %)

6.2. Sensors

6.3. Video vehicle detection

6.4. Billboard

6.5. Surveillance camera

6.6. Radar

6.7. Others (interface boards, intelligent traffic lights)

7. North America Integrated Traffic Systems (ITS) Market Analysis, 2019-2029 (USD Billion)

7.1. North America ITS Market Value, By Offerings, 2019 – 2029 (USD Billion)

7.1.1. Services

7.1.2. Solutions

7.2. North America ITS Market Value, by Application, 2019-2029 (USD Billion)

7.2.1. Traffic monitoring

7.2.2. traffic operation

7.2.3. traffic control

7.3. North America ITS Market Value, By Component, 2019 – 2029 (USD Billion)

7.3.1. Sensors

7.3.2. Video vehicle detection

7.3.3. Billboard

7.3.4. Surveillance camera

7.3.5. Radar

7.3.6. Others (interface boards, intelligent traffic lights)

7.4. North America ITS Market Value, by Country, 2019 – 2029 (USD Billion)

7.4.1. WE

7.4.1.1. US ITS Market Value, By Offerings, 2019 – 2029 (USD Billion)

7.4.1.2. ITS Market Value in United States, by Application, 2019 – 2029 (USD Billion)

7.4.1.3. Market value of ITS in the United States, by component, 2019 – 2029 (USD Billion)

7.4.2. Rest of North America

7.4.2.1. Rest of North America ITS Market Value, by Offerings, 2019 – 2029 (USD Billion)

7.4.2.2. Rest of North America ITS Market Value, by Application, 2019-2029 (USD Billion)

7.4.2.3. Rest of North America ITS Market Value, by Component, 2019 – 2029 (USD Billion)

8. Europe Integrated Traffic Systems (ITS) Market Analysis, 2019-2029 (USD Billion)

9. Asia-Pacific Integrated Traffic Systems (ITS) Market Analysis, 2019-2029 (USD Billion)

10. Rest of the World Integrated Traffic Systems (ITS) Market Analysis, 2019-2029 (USD Billion)

11. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/aembgn

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