Intelligent Traffic Management Systems Market Highly Favorable to the Growth Rate by 2027
The need for intelligent traffic management systems continues to soar in the view of rising accidents and car thefts recorded across the globe. From traffic jams and equipment conditions to monitoring of speed limits across a disarray of travelling vehicles, intelligent traffic management systems perform a range of operations to regulate and control modern day traffic. The global market for intelligent traffic management systems will exhibit expansion at an impressive CAGR during the forecast period, 2017-2026. According to the recent study by Fact.MR, global revenues accounted by sales of intelligent traffic management systems are likely to surpass US$ 25 Bn by the end of 2026.
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Demand for Integrated Urban Traffic Control Systems to Gain Traction
According to the findings from the study, the demand for intelligent traffic management systems that facilitate an integrated control on urban traffic is expected to witness impressive growth in the upcoming years. By the end of 2026, integrated urban traffic control systems worth over US$ 7.1 Bn will be sold across the globe. Meanwhile, increasing presence of expressways to bolster interstate transportation is anticipated to propel the demand for freeway management systems. In 2017, sales of freeway management systems is likely to account for over 10% global revenues. Electronic toll collection systems, on the other hand, will register a greater share on global revenues, and will be widely adopted in North America.
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Federal & Provincial Governments – High Spenders
The study further projects that largest expenditure on intelligent traffic management systems will be commissioned by federal and provincial governments. In 2017, more than half of the global intelligent traffic management system market value is anticipated to be accounted by the revenues arising from federal government spending. Infrastructure enterprises and public private partnerships (PPPs) are also expected to increase their spending on intelligent traffic management systems. By 2026, infrastructure enterprises & PPPs across the globe are expected to spend over US$ 10 Bn on adoption of intelligent traffic management systems.
Competition Tracking
Companies namely Q-Free, Cubic, Siemens, Kapsch TrafficCom, SWARCO, Imtech, Kyosan Electric, Peek Traffic, Hisense TransTech, Baokang Electronic, and Wantong Technology are anticipated to remain active in expansion of the global market for intelligent traffic management system through 2026. A majority of intelligent traffic management system developers will be focusing on increasing the data volume capacities and analysis algorithms. Some companies are also expected to integrate advanced analytics like big data for improving examination of vehicles in the event of accidents and hit & runs.
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Table of Contents Discovered in this report are:
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
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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
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