The global intelligent traffic management system industry at

Dublin, Oct. 11, 2021 (GLOBE NEWSWIRE) — The “Intelligent Traffic Management System Market Size, Share and Trends Analysis Report by Solution (Traffic Monitoring System, Traffic Control System) traffic lights, integrated corridor management), by region and segment forecast, 2021 – 2028″ report has been added to from ResearchAndMarkets.com offer.

The Global Intelligent Traffic Management Systems Market Size is Expected to Reach USD 21.38 Billion by 2028, Growing at a CAGR of 11.9% from 2021 to 2028, According to New Research by Publisher Infrastructure age, growing traffic congestion and lack of mobility solutions and transport infrastructure are expected to further lead to traffic congestion, thereby increasing transport costs and affecting people’s daily lives. These factors and government initiatives supporting the implementation of smart cities are expected to drive the market growth.

One of the main problems caused by traffic congestion is air pollution. The implementation of intelligent systems facilitates traffic monitoring, thereby reducing harmful emissions, which is expected to have a positive impact on the growth of the market. An intelligent traffic management system is an integral part of a smart city. Rapid urbanization and increasing population in developing countries are expected to influence the demand for smart traffic solutions. Moreover, the rapid adoption of the fourth industrial revolution is expected to drive the growth of smart cities, subsequently fueling the demand for intelligent traffic management systems.

Road accidents and related deaths are on the rise. To mitigate these incidents, the United Nations Economic Commission for Europe (UNECE) contributes to the management of road safety legal instruments. Various aspects such as road infrastructure, traffic management, road signs and signals are negotiated with member countries and made legally binding. An Intelligent Traffic Management System (ITMS) can potentially help reduce traffic accidents and improve safety. Several countries including the United States and China are investing heavily in ITMS solutions, which is expected to bode well for the growth of the market over the forecast period. For example, the US DOT has invested heavily in the research and development, adoption and deployment of ITMS across the country.

Intelligent Traffic Management System Market Report Highlights

  • In terms of solutions, the integrated corridor management segment is expected to witness tremendous growth over the forecast period. Significant improvements in the efficient movement of goods and people through institutional collaboration and proactive and aggressive integration of existing infrastructure along major corridors should help manage integrated corridors and improve traffic management.
  • In terms of region, the Asia-Pacific regional market is expected to register a significant CAGR from 2021 to 2028. Rapid urbanization, rising awareness of smart systems, and rising population are expected to propel the growth of the regional market.
  • Rising disposable income is expected to increase the purchase of four-wheelers over the forecast period. This is expected to further drive the demand for traffic management solutions in the Asia-Pacific region to address traffic congestion issues.

Main topics covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Intelligent Traffic Management System Market: Industry Outlook
3.1 Market Segmentation
3.2 Value chain analysis
3.3 Intelligent Traffic Management System Market Dynamics
3.3.1 Market Driver Analysis
3.3.2 Analysis of market restrictions/challenges
3.3.3 Analysis of market opportunities
3.4 Intelligent Traffic Management System Market – COVID-19 Impact Analysis
3.5 Mapping penetration and growth prospects
3.6 Market analysis tools
3.6.1 Intelligent Traffic Management System Industry Analysis – Porter’s Five Forces Analysis
3.6.2 Intelligent Traffic Management System Industry Analysis – PESTEL Analysis

Chapter 4 Intelligent Traffic Management System Market: Solution Segment Analysis
4.1 Intelligent Traffic Management System Market: By Solution Segment, Outlook and Market Share 2020 and 2028
4.2 Traffic monitoring system
4.2.1 Intelligent Traffic Monitoring System Market, by Region, 2018- 2028 (USD Million)
4.3 Traffic light control system
4.3.1 Intelligent Traffic Light Control System Market, by Region, 2018- 2028 (USD Million)
4.4 Traffic Control Camera
4.4.1 Smart Traffic Control Camera Market, by Region, 2018- 2028 (USD Million)
4.5 Integrated Corridor Management
4.5.1 Smart Integrated Corridor Management Market, by Region, 2018- 2028 (USD Million)
4.6 Intelligent driver information system
4.6.1 Intelligent Driver Information System Market, by Region, 2018- 2028 (USD Million)
4.7 Others
4.7.1 Other Intelligent Traffic Management System Market, by Region, 2018- 2028 (Million USD)

Chapter 5 Intelligent Traffic Management System Market: Regional Segment Analysis

Chapter 6 Competitive Analysis
6.1 Global Key Players, Recent Developments and Their Impact on the Industry
6.2 Company categorization
6.3 Vendor Landscape
6.3.1 Intelligent Traffic Management System Market: Key Company Market Ranking Analysis, 2020

Chapter 7 Competitive Landscape
7.1 Cubic society
7.1.1 Company Overview
7.1.2 Financial performance
7.1.3 Product Benchmarking
7.1.4 Strategic Initiatives
7.2 SNC-Lavalin Group (Atkins)
7.2.1 Company Overview
7.2.2 Financial performance
7.2.3 Product Benchmarking
7.2.4 Strategic initiatives
7.3 Thales Group
7.3.1 Company Overview
7.3.2 Financial performance
7.3.3 Product Benchmarking
7.3.4 Strategic initiatives
7.4 International Commercial Machinery Society
7.4.1 Company Overview
7.4.2 Financial performance
7.4.3 Product Benchmarking
7.4.4 Strategic Initiatives
7.5 General electricity company
7.5.1 Company Overview
7.5.2 Financial performance
7.5.3 Product Benchmarking
7.5.4 Strategic Initiatives
7.6 Siemens AG
7.6.1 Company Overview
7.6.2 Financial performance
7.6.3 Product Benchmarking
7.6.4 Strategic Initiatives
7.7 Kapsch TrafficCom
7.7.1 Company Overview
7.7.2 Financial performance
7.7.3 Product Benchmarking
7.7.4 Strategic Initiatives
7.8 TomTom International B.V.
7.8.1 Company Overview
7.8.2 Financial performance
7.8.3 Product Benchmarking
7.8.4 Strategic Initiatives
7.9 ASA without Q
7.9.1 Company Overview
7.9.2 Financial performance
7.9.3 Product Benchmarking
7.9.4 Strategic Initiatives
7.10 TransCore
7.10.1 Company overview
7.10.2 Financial performance
7.10.3 Product Benchmarking
7.10.4 Strategic initiatives

For more information about this report visit https://www.researchandmarkets.com/r/smakm3


        

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