Report Overview

Global Traffic Management Systems Market: Overview

Global Traffic Management Systems market is anticipated to worth USD 26,690 million in 2018, with a CAGR of 14% during 2019-2025. Traffic management systems are composed of a set of application and management tools to improve the overall traffic efficiency and safety of the transportation systems. To overcome such issue, the traffic management system gathers information from heterogeneous sources, exploits such information to identify hazards that may potentially degrade the traffic efficiency, and then provide services to control them. The government initiatives across the globe for improving the effective management of traffic in way of reducing pollution, stimulating social and economic development by reducing the time spent by their populations on roads and maintaining their limited road networks connectivity to be run smoothly are vital factors expected to encourage the growth of the Global Traffic Management Systems market in the upcoming period.

In addition, the increase in high demographic growth and hyper-urbanization in developing countries is anticipated to boost the demand for Traffic Management Systems in the coming years. Moreover, the growing need for real-time analysis based traffic systems coupled with vast rise in disposable incomes promoted to huge numbers of vehicles owners which are running on the outdated infrastructures, rapidly unstructured urban setups, and slow pace of infrastructural developments are factors estimated to accelerate the growth of the Traffic Management Systems market in the next few years.

Furthermore, raising concerns for the safety regarding the road traffic accidents leading to injuries and deaths will boost the global Traffic Management Systems market growth. Additionally, the increasing inter-region and intra-region economic activities led to growing aviation and rail facilities will fuel the growth of Traffic Management Systems market in the forecast period.

Traffic Management Systems Component Type analysis

On the basis of Component type, the Traffic Management Systems market has been segmented into Hardware, Software, and Services. Software components dominate the global Traffic Management Systems owing to its application in improving public transportation as well as car and truck traffic, and handles a wide variety of features such as electronic toll collection, route guidance, and traffic detection and surveillance. Moreover, the properties of software-based components involving as smart signaling, route guidance, smart surveillance, and traffic analytics will boost the Traffic Management Systems market over the forecast period.

Hardware components will grow by the demand of Display Boards, Sensors and Surveillance Cameras in the integrated traffic system. Moreover, demand of physical component in traffic systems detectors, local controllers, changeable message signs, CCTV, operator displays, central computers and field masters for providing maximum efficiency in terms of minimum delay, minimum stops, and maximum capacity utilization consistent with the safety of operation, Improvement in vehicle, pedestrian and bicycle safety, and provision of motorists with real-time traffic or routing information will boost the hardware component market over the forecast period.

Traffic Management Systems Solution Type analysis

On the basis of solution type, the Traffic Management Systems market has been segmented into Smart Signaling, Route Guiding, and Traffic Analytics. The route guidance will lead the global Traffic Management Systems owing to its application in regulating traffic flows through its efficient use of the existing road infrastructures. Moreover, its application by providing the best possible route that has less traffic congestion and disruptions will trigger the route guiding solutions market in the forecast period. Smart Signaling market will boost by its applications in reducing congestion, ensuring efficient use of road space, detecting accidents and roadway hazards. Traffic Analytics market will drive by its uses in all forms of traffic information using sensors to facilitate real-time traffic monitoring and control and help in Parking Issues and Traffic Congestion.

Traffic Management Systems Application Type analysis

On the basis of application, the Global Traffic Management Systems market has been segmented into Urban Traffic Management Systems, Adaptive Traffic Control Systems, Journey Time Management Systems, Dynamic Traffic Management (DTM) System and Incident Detection & Location Systems. Dynamic Traffic Management System dominates the global Traffic Management Systems due to the growing deployment of traffic data simulation solutions which is used to analyze data collected through traffic enforcement and surveillance cameras and sensors.

Urban Traffic Management Systems will grow significantly owing to the increasing number of smart cities projects by various developing countries. Adaptive Traffic Control Systems will drive by its properties to providing better image processing techniques which are better than conventional inductive loop detectors& Infrared sensors. Journey Time Management Systems will influence by its features to monitors individual journeys and it provides very accurate data for completed journeys incident.

Regional analysis of Traffic Management Systems market

On the basis of region, the Traffic Management Systems market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America Pacific dominates the world Traffic Management Systems market over the forecast period owing to encouraging initiatives from the U.S. government towards the improvement of traffic management facilities and implementation of intelligent transportation systems in last few years. Moreover, the rapid digitalization led to its application in transportation, the increasing adoption of smart connected devices, and the rising technological advancements will fuel the growth of the North America market in the next few years. The Asia Pacific is projected to be the fastest growing market throughout the forecast period due to the increased urbanization which led to traffic congestions and high adoption of solutions to minimize these congestions.  Europe market will drive by high investment by government in the smart city and smart transportation projects for improving the traffic management and control mechanism.

Objective of the Study:

To analyze and forecast market size of the world Traffic Management Systems market, in terms of Value.

To examine the careful market segmentation and forecast the market size, in terms of value, on the premise of the region by segmenting world Traffic Management Systems market into 5 regions, namely, North America, Europe, Asia Pacific, Middle East, and geographical area.

To outline, categorized and forecast the world Traffic Management Systems on the premise of component, solution and application.

To examine competitive developments like expansions, technological advancement, services, and regulative framework within the world Traffic Management Systems market.

To pinpoint the drivers and challenges for world Traffic Management Systems market

To spot the profile of leading players, that area unit concerned within the producing and provide off Traffic Management Systems globally.

Global Traffic Management Systems Market Competitive Landscape

Companies , such as , EFKON AG, Siemens AG, Nuance Communications, Hitachi Ltd , Iteris, Inc., WS Atkins PLC, Thales Group, Telenav, Inc , Garmin International Inc., IBM, Cellint, Iteris, Kapsh, Swarco, Accenture, Siemens, Thales, Cubic, Systematics, Decell, Accenture PLC, Atkins Group, Affiliated Computer Services, Inc., Alstom SA, Cisco Systems, Inc., Cubic Corporation, ESRI, GE Transportation, IBM, Indra, Ineo, Kapsch, LG CNS, Schneider Electric and TomTom NV are the key players in manufacturing of Traffic Management Systems.

Key Target Audience:

·         Market research and consulting firms

·         Industry associations

·         Raw material suppliers

·         Global Traffic Management Systems manufacturers

·         Research organizations and consulting companies

·         Global Traffic Management Systems suppliers

·         Organizations, associations, and alliances related to Traffic Management Systems market

·         Regulatory bodies

Scope of the Report

By Component

·         Hardware

·         Software

·         Services

By Solution

·         Smart Signaling

·         Route Guiding

·         Traffic Analytics

By Application

·         Urban Traffic Management Systems

·         Adaptive Traffic Control Systems

·         Journey Time Management Systems

·         Dynamic Traffic Management (DTM) System

·         Incident Detection & Location Systems

In addition, the report provides analysis of the Traffic Management Systems market with respect to the following geographic segments:

North America

·         U.S.

·         Canada

Europe

·         Germany

·         UK.

·         Italy

·         France

·         Rest of Europe

Asia Pacific (APAC)

·         China

·         India

·         Japan

·         Australia

·         South Korea

·         Indonesia

·         Rest of Asia Pacific

LATAM

·         Brazil

·         Argentina

·         Rest of Latin America

MEA

·         Saudi Africa

·         UAE

·         Egypt

·         Rest of Middle-East

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with detailed classification

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.