Global Integrated Traffic Systems Market, By Sensor Type (Weigh-In Motion Sensors, Acoustic Sensors), Function (Traffic Monitoring, Traffic Control, Information Provision), Hardware (Display Boards, Sensors, Surveillance Camera, Radar, Smart Traffic Light, Interface Boards, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the integrated traffic systems market would exhibit a CAGR of 9.03% for the forecast period and is expected to reach USD 49.42 billion by the year 2028.
Integrated traffic systems are specifically developed to decrease the probability of accidents while also improving traffic control and monitoring. Integrated traffic systems can make it easier for cars to move between different means of transportation, such as ships, marine, inland water, streets, ports, roads and civil aircraft. It enables fleet managers to improve productivity by efficiently planning routes, providing traffic updates and predicting departure and arrival times. They can reduce carbon emissions, hence are considered more beneficial to the environment.
Rapid urbanization and growing concern about the public safety are the major factors attributable to the growth of integrated traffic systems market. Furthermore, growing government initiatives to reduce carbon emission and rising global road traffic congestion are the factors that will accelerate the market growth. Growing public private relationships and surge in the number of mega cities will carve the beneficial opportunities for the integrated traffic systems market growth.
However, high cost of investment associated with old road infrastructure will hamper the market growth rate. Lack of proper technologies will pose as a significant challenge for the integrated traffic systems market growth.
This integrated traffic systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on integrated traffic systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Integrated Traffic Systems Market Scope and Market Size
The integrated traffic systems market is segmented on the basis of sensor type, function and hardware. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of sensor type, the integrated traffic systems market has been segmented into weigh-in motion sensors and acoustic sensors. Acoustic sensors have been further sub-segmented into road condition sensors, visibility sensors, thermal mapping sensors, wind speed sensors and inductive loop detectors.
- On the basis of function, the integrated traffic systems market is segmented into traffic monitoring, traffic control and information provision. Traffic monitoring has been further sub-segmented into automatic vehicle detection, number plate recognition system and journey time measurement system. Traffic control has been further sub-segmented into intelligent traffic lightings, parking management and incident detection system. Information provision has been further sub-segmented into multifunctional system and information communication system.
- On the basis of hardware, the integrated traffic systems market is segmented into display boards, sensors, surveillance camera, radar, smart traffic light, interface boards and others.
Integrated Traffic Systems Market Country Level Analysis
The global integrated traffic systems market is analysed and market size insights and trends are provided by country, sensor type, function and hardware as referenced above.
The countries covered in the integrated traffic systems market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), South Africa, Saudi Arabia, U.A.E, Israel, Egypt, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the integrated traffic systems market and will continue to flourish its trend of dominance during the forecast period owing to the intense focus on emission and congestion-free traffic system. Asia-Pacific region is set to witness unprecedented growth during the forecast period and will project the highest compound annual growth (CAGR) rate. This is because of the rising urbanization and vehicle sales in this region.
The country section of the integrated traffic systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Integrated Traffic Systems Market Share Analysis
The integrated traffic systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to integrated traffic systems market.
The major players covered in the integrated traffic systems market report are Cisco Systems, Inc.; Teledyne FLIR LLC; Sumitomo Electric Industries, Ltd.; Seimens; SWARCO; LG CNS,; Kapsch TrafficCom AG; Cubic Corporation; Iteris, Inc.; JENOPTIK AG; Q-Free ASA; EFKON India Pvt. Ltd.; HARMAN International.; SNC-Lavalin; Citilog.; imtac; TransCore; PTV AG; and Global Traffic Technologies; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.