“Global Integrated Traffic Management System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global integrated traffic management system market report has been segmented on the basis of sensor type, function, hardware, and region.
Global Integrated Traffic Management System Market: Overview
Integrated traffic management system is used to improve traffic management for resolving serious problems related to transportation in urban society. The system offers separate pedestrian signal, automatic signal control, area traffic control corridor management, motorway management, dynamic traffic indicator, incident management, route guidance, messaging, toll collection, road monitoring/ data gathering.
Global Integrated Traffic Management System Market: Dynamics
Increasing demand for real-time superior quality data feature in order to provide traffic information to drivers and passengers is a key factor expected to augment growth of the target market in the next coming years. In addition, increasing number of sensors per traffic system and rising demand for surveillance camera owing to safety measures are among other factors expected to proliferate growth of the global integrated traffic management system market in the next 10 years. Moreover, implementation of integrated traffic management system for monitoring and controlling the traffic, increasing urbanization, favorable regulatory norms to reduce carbon emission are some of the other factors expected to drive growth of the target market in the next coming years.
However, vulnerability of digital attacks and reconstruction of old roads are factors which may hamper demand for integrated traffic management system and restrain growth of the target market.
Development of advanced and digital technologies in transportation and increasing investment for development of smart cities in various countries are factors expected to create revenue opportunities for players operating in the target market.
Global Integrated Traffic Management System Market: Segment Analysis
Among the sensor type segments, the acoustic sensor segment is expected to register significant growth in terms of value in the target market. The various acoustic sensors available are road condition sensors, visibility sensors, thermal mapping sensors, wind speed sensors, and inductive loop detectors.
Among the function segments, the traffic control segment is expected to account for moderate revenue share in the next coming years. Rapid urbanization, coupled with increasing traffic, increasing demand for intelligent traffic lightings and parking management are factors which have positive impact on the segment market.
Among the hardware segments, the surveillance camera segment is projected to register highest growth in terms of revenue in the target market owing to increasing demand for real-time superior quality data in order to offer safety measures.
Global Integrated Traffic Management System Market: Region Analysis
The Europe integrated traffic management system market is projected to register highest revenue growth in the target market, due to increasing focus on congestion free traffic and low carbon emission. In addition, advancement in technologies and implementation of integrated traffic management system in countries such as the UK and Germany are factors expected to drive growth of the target market in the Europe region. The Asia Pacific integrated traffic management system market is projected to register moderate growth rate in the target market in the next 10 years. This is attributed to increasing urbanization, coupled with increasing spending capacity of the individuals, increasing demand for vehicles, technological advancements.
Global Integrated Traffic Management System Market Segmentation:
Segmentation on the Basis of Sensor Type:
- Infrared Sensor
- Weigh-In Motion Sensor (Force Sensor)
- Acoustic Sensor
Segmentation on the Basis of Function:
- Traffic Monitoring
- Traffic Control
- Information Provision
Segmentation on the Basis of Hardware:
- Display Board
- Surveillance Camera
- Smart Traffic Light
- Interface Board
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Sumitomo Electric Industries, Ltd.
- Siemens AG
- Cisco Systems, Inc.
- SWARCO AG
- Kapsch-Group Beteiligungs GmbH
- LG Corp.
- Cubic Corporation
- Iteris, Inc.
- Jenoptik AG
- FLIR Systems, Inc.
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