The North America intelligent traffic management system market size is expected to reach USD 9.50 billion by 2030 and grow at a significant CAGR of 11.5% from 2022 to 2030. The need to restructure transportation networks owing to an expanding urban population, and increased industrialization, are projected to drive the market growth. These technologies help alleviate traffic congestion, decrease delays, and provide correct information to commuters and traffic managers. The government plans to build smart cities with improved road networks are likely to positively influence the growth of the market.
Air pollution is a key contributor to traffic congestion. The introduction of intelligent traffic systems simplifies traffic monitoring, minimizing hazardous emissions and so favorably impacting the market growth. With the advent of smart cities, rising urbanization, and an increasing population in emerging nations, the need for intelligent traffic solutions is predicted to rise dramatically. Furthermore, the increasing adoption of the fourth industrial revolution is expected to accelerate the construction of smart cities, boosting demand for intelligent traffic management systems.
However, the absence of skilled professionals in governments associated with traffic management systems is expected to negatively impact the growth of the market. To overcome these challenges, the state and local governments are adopting smart technologies, such as the Internet of Things (IoT), to streamline city transportation. It includes inter-connected or IoT monitoring tools and automation solutions that provide automatic management of infrastructure. These systems make city transportation more efficient, safer, and easier to travel.
For instance, in June 2020, the county of Miami Dade, Florida, implemented Advanced Traffic Management System (ATMS), to monitor and manage traffic flows by optimizing signal timing. These advancements in technology will further boost the demand for ITMS solutions in the region during the forecast period.
Air pollution is a key contributor to traffic congestion. The introduction of intelligent traffic systems simplifies traffic monitoring, minimizing hazardous emissions and so favorably impacting the market growth. With the advent of smart cities, rising urbanization, and an increasing population in emerging nations, the need for intelligent traffic solutions is predicted to rise dramatically. Furthermore, the increasing adoption of the fourth industrial revolution is expected to accelerate the construction of smart cities, boosting demand for intelligent traffic management systems.
However, the absence of skilled professionals in governments associated with traffic management systems is expected to negatively impact the growth of the market. To overcome these challenges, the state and local governments are adopting smart technologies, such as the Internet of Things (IoT), to streamline city transportation. It includes inter-connected or IoT monitoring tools and automation solutions that provide automatic management of infrastructure. These systems make city transportation more efficient, safer, and easier to travel.
For instance, in June 2020, the county of Miami Dade, Florida, implemented Advanced Traffic Management System (ATMS), to monitor and manage traffic flows by optimizing signal timing. These advancements in technology will further boost the demand for ITMS solutions in the region during the forecast period.
North America Intelligent Traffic Management System Market Report Highlights
- The integrated corridor management segment is anticipated to grow at a significant CAGR of 12.3% during the forecast period. The market is progressively embracing new technologies that combine and coordinate traffic flow..
- Furthermore, multiple personnel is anticipated to assist manage integrated corridors and enhance traffic management through institutional coordination and proactive and aggressive integration of existing infrastructure along significant corridors..
- The U.S. regional market is expected to grow at a significant CAGR of 11.5% from 2022 to 2030. The growth of the market is driven by the region’s rapid urbanization, rising awareness regarding intelligent systems, and increasing population..
Table of Contents
Chapter 1 Methodology & Scope1.1 Research Methodology
1.2 Research Scope and Assumptions
1.2.1 Purchased database
1.2.2 Internal database
1.2.3 List of secondary sources
1.2.4 Primary research
1.3 Information Analysis
1.4 Market Formulation & Data Visualization
1.5 Data Validation & Publishing
Chapter 2 Executive Summary
2.1 North America Intelligent Traffic Management System Market-Industry Snapshot & Key Buying Criteria, 2017-2030
2.2 North America Intelligent Traffic Management System Market, 2017-2030
2.2.1 North America Intelligent Traffic Management System Market, By Country, 2017-2030 (USD Million)
2.2.2 North America Intelligent Traffic Management System Market, By Solution, 2017-2030 (USD Million)
Chapter 3 North America Intelligent Traffic Management System Industry Outlook
3.1 Market Segmentation and Scope
3.2 Penetration & Growth Prospect Mapping
3.3 North America Intelligent Traffic Management System Market Variable Analysis
3.3.1 Market Driver Analysis
3.3.2 Market Restraint/Challenge Analysis
3.4 Value Chain Analysis
3.5 Market Analysis Tool
3.5.1 North America Intelligent Traffic Management System Industry Analysis-Porter's
3.5.2 North America Intelligent Traffic Management System Industry Analysis-PESTEL
3.6 Impact of COVID-19 on North America Intelligent Traffic Management System Market
Chapter 4 North America Intelligent Traffic Management System Solution Outlook
4.1 Intelligent Traffic Management System Market: By Solution Segment Outlook & Market Share 2020 and 2030
4.2 Traffic Monitoring System
4.2.1 North America Intelligent Traffic Monitoring System Market, By Country, 2017-2030 (USD Million)
4.3 Traffic Signal Control System
4.3.1 North America Intelligent Traffic Signal Control System Market, By Country, 2017-2030 (USD Million)
4.4 Traffic Enforcement Camera
4.4.1 North America Intelligent Traffic Enforcement Camera Market, By Country, 2017-2030 (USD Million)
4.5 Integrated Corridor Management
4.5.1 North America Intelligent Integrated Corridor Management Market, By Country, 2017-2030 (USD Million)
4.6 Intelligent Driver Information System
4.6.1 North America Intelligent Driver Information System Market, By Country, 2017-2030 (USD Million)
4.7 Others
4.7.1 Other North America Intelligent Traffic Management System Market, By Country, 2017-2030 (USD Million)
Chapter 5 North America Intelligent Traffic Management System Regional Outlook
5.1 North America Intelligent Traffic Management System Market: By Regional Segment Outlook & Market Share, 2021 and 2030
5.2 North America
5.2.1 North America intelligent traffic management system market, 2017-2030 (USD Million)
5.2.2 North America intelligent traffic management system market, by solution, 2017-2030 (USD Million)
5.2.3 U.S.
5.2.3.1 U.S. intelligent traffic management system market, 2017-2030 (USD Million)
5.2.3.2 U.S. intelligent traffic management system market, By solution, 2017-2030 (USD Million)
5.2.4 Canada
5.2.4.1 Canada intelligent traffic management system market, 2017-2030 (USD Million)
5.2.4.2 Canada intelligent traffic management system market, By solution, 2017-2030 (USD Million)
5.2.5 Mexico
5.2.5.1 Mexico intelligent traffic management system market, 2017-2030 (USD Million)
5.2.5.2 Mexico intelligent traffic management system market, By solution, 2017-2030 (USD Million)
Chapter 6 Competitive Analysis
6.1 Key Global Players, Recent Developments & Their Impact on the Industry
6.2 Company Categorization
6.3 Vendor Landscape
6.3.1 North America Intelligent Traffic Management System Market: Key Company Market Ranking Analysis, 2020
Chapter 7 Competitive Landscape
7.1 Cubic Corporation
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 Business Machines Corporation
7.4.1 Company overview
7.4.2 Financial performance
7.4.3 Product benchmarking
7.4.4 Strategic initiatives
7.5 General Electric Company
7.5.1 Company overview
7.5.2 Financial performance
7.5.3 Product benchmarking
7.5.4 Strategic initiatives
7.6 Siemens Mobility
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 BV
7.8.1 Company overview
7.8.2 Financial performance
7.8.3 Product benchmarking
7.8.4 Strategic initiatives
7.9 Hitachi Vantara Corporation
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
List of Tables
Table 1 North America intelligent traffic management system market, 2017-2030 (USD Million)
Table 2 North America intelligent traffic management system market, by country, 2017-2030 (USD Million)
Table 3 North America intelligent traffic management system market, by country, 2017-2030 (USD Million)
Table 4 North America intelligent traffic monitoring system market, by country, 2017-2030 (USD Million)
Table 5 North America intelligent traffic signal control market, by country, 2017-2030 (USD Million)
Table 6 North America intelligent traffic enforcement camera market, by country, 2017-2030 (USD Million)
Table 7 North America Intelligent integrated corridor management market, by country, 2017-2030 (USD Million)
Table 8 North America intelligent driver information system market, by country, 2017-2030 (USD Million)
Table 9 Other North America intelligent traffic management system market, by country, 2017-2030 (USD Million)
Table 10 North America intelligent traffic management system market, 2017-2030 (USD Million)
Table 11 U.S. intelligent traffic management system market, 2017-2030 (USD Million)
Table 12 U.S. intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 13 Canada intelligent traffic management system market, 2017-2030 (USD Million)
Table 14 Canada intelligent traffic management system market, by solution, 2017-2030 (USD Million)
Table 15 Mexico intelligent traffic management system market, 2017-2030 (USD Million)
Table 16 Mexico intelligent traffic management system market, by solution, 2017-2030 (USD Million)
List of Figures
Fig. 1 North America ITMS market segmentation and scope
Fig. 2 Market size and growth prospects
Fig. 3 Market research process
Fig. 4 Primary research process
Fig. 5 Information Analysis
Fig. 6 Data validation and publishing
Fig. 7 North America ITMS market-Value chain analysis
Fig. 8 North America ITMS market-Market dynamics
Fig. 9 North America ITMS market-Key market driver impact
Fig. 10 North America ITMS market-Key market restraints impact
Fig. 11 North America ITMS e-market-Porter’s analysis
Fig. 12 North America ITMS market-PEST analysis
Fig. 13 North America ITMS market-Company ranking/share analysis, 2021
Fig. 14 North America ITMS market: By solution segment outlook & market share, 2021 and 2030
Fig. 15 North America ITMS market: By country segment outlook & market share, 2021 and 2030
Companies Mentioned
- Cubic Corporation
- SNC-Lavalin Group (Atkins)
- Thales Group
- International Business Machines Corporation
- General Electric Company
- Siemens Mobility
- Kapsch TrafficCom
- TomTom International BV
- Hitachi Vantara Corporation
- TransCore
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | June 2022 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 3.96 Billion |
| Forecasted Market Value ( USD | $ 9.5 Billion |
| Compound Annual Growth Rate | 11.5% |
| Regions Covered | North America |
| No. of Companies Mentioned | 10 |
