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Intelligent Traffic Management System Market Size, Share, & Trends Analysis Report By Solution (Traffic Monitoring System, Traffic Signal Control System), By Region, And Segment Forecasts, 2023 - 2030

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    Report

  • 150 Pages
  • December 2022
  • Region: Global
  • Grand View Research
  • ID: 5450198
Description Jump to:
The global intelligent traffic management system market size is expected to reach USD 27.92 billion by 2030, The market is anticipated to expand at a CAGR of 13.8% from 2023 to 2030. Rising urban population, increasing mobility and road transport efficiency, and the need to transform transport networks due to rapid industrialization are expected to drive the market over the forecast period.

ITMS solutions eliminate delays, ease traffic congestion, and send accurate information to commuters and transportation planners. Rising government initiatives across the globe to implement smart cities with developed road networks and transportation systems, which is expected to have a positive impact on the growth of the intelligent traffic management system market.

Intelligent traffic management systems require vast, scalable, and advanced data infrastructure for real-time data processing. However, the infrastructure required to introduce the new technology has not expanded rapidly and replacing the existing equipment remains costly. Governments of various regions continue to invest in road infrastructure, to upgrade their transportation systems in an attempt to reduce traffic congestion.

For instance, In April 2021, SNC-Lavalin Group, an engineering, procurement, and construction service provider, was awarded a 3-year contract worth USD 15 million by the California department of transportation (Caltrans) to provide a Transportation Asset Management System (TAMS). Under this contract, the company’s Data Transfer Solutions (DTS) business unit would provide services such as software licensing and maintenance, implementation of the TAMS solution, and optional post-implementation support. These developments would further boost the demand for ITMS solutions during the forecast period.

However, the lack of standards, and the technology homogeneity and safety issues related to traffic management systems may adversely affect the growth of the intelligent traffic management system market. To curb accidents, the United Nations Economic Commission for Europe (UNECE) assists in the administration of legal instruments on road safety. Various aspects such as road infrastructure, traffic management, traffic signs and signals are negotiated and legally binding for member states. ITMS can help reduce traffic accidents and improve safety. Countries such U.S. and China are actively investing in ITMS solutions, which should bode well for the market during the forecast period.

Intelligent Traffic Management System Market Report Highlights

  • The Integrated Corridor Management (ICM) segment is expected to grow at a CAGR of 14.6% over the forecast period. The market is gradually embracing advanced technologies that integrate and coordinate traffic flow
  • Traffic enforcement camera segment is expected to grow at 10.8% CAGR during the forecast period. The growing demand for traffic management solutions promises robust growth of the segment
  • The Asia Pacific regional market is anticipated to grow at a significant CAGR of 17.5% from 2023 to 2030. The growth of the market in APAC is driven by the region’s rapid urbanization, rising awareness regarding intelligent systems, and growing population

Table of Contents

Chapter 1 Methodology & Scope
1.1 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
1.6 List of Abbreviations
Chapter 2 Executive Summary
2.1 Intelligent Traffic Management System Market - Industry Snapshot & Key Buying Criteria, 2018 - 2030
2.2 Global Intelligent Traffic Management System Market, 2018 - 2030
2.2.1 Global Intelligent Traffic Management System Market, By region, 2018 - 2030 (USD Million)
2.2.2 Global Intelligent Traffic Management System Market, By solution, 2018 - 2030 (USD Million)
Chapter 3 Intelligent Traffic Management System Industry Outlook
3.1 Market Segmentation and Scope
3.2 Market Size and Growth Prospects
3.3 Intelligent Traffic Management System Market - Value Chain Analysis
3.4 Intelligent Traffic Management System Market Dynamics
3.4.1 Market Driver Analysis
3.4.2 Market Restraint/Challenge Analysis
3.4.3 Market Opportunity Analysis
3.5 Market Analysis Tools
3.5.1 Intelligent Traffic Management System Industry Analysis - Porter’s five forces analysis
3.5.2 Intelligent Traffic Management System Industry Analysis - PESTEL analysis
3.6 Intelligent Traffic Management System Market - COVID-19 Impact Analysis
Chapter 4 Intelligent Traffic Management System Solution Outlook
4.1 Intelligent Traffic Management System Market: By Solution Segment Outlook & Market Share 2022 and 2030
4.2 Traffic Monitoring System
4.2.1 Intelligent Traffic Monitoring System Market, By Region, 2018 - 2030 (USD Million)
4.3 Traffic Signal Control System
4.3.1 Intelligent Traffic Signal Control System Market, By Region, 2018 - 2030 (USD Million)
4.4 Traffic Enforcement Camera
4.4.1 Intelligent Traffic Enforcement Camera Market, By Region, 2018 - 2030 (USD Million)
4.5 Integrated Corridor Management
4.5.1 Intelligent Integrated Corridor Management Market, By Region, 2018 - 2030 (USD Million)
4.6 Intelligent Driver Information System
4.6.1 Intelligent Driver Information System Market, By Region, 2018 - 2030 (USD Million)
4.7 Others
4.7.1 Other Intelligent Traffic Management System Market, By Region, 2018 - 2030 (USD Million)
Chapter 5 Intelligent Traffic Management System Regional Outlook
5.1 Intelligent Traffic Management System Market Share by Region, 2022
5.2 North America
5.2.1 North America intelligent traffic management system market, 2018 - 2030 (USD Million)
5.2.2 North America intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
5.2.3 U.S.
5.2.3.1 U.S. intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.2.4 Canada
5.2.4.1 Canada intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.3 Europe
5.3.1 Europe intelligent traffic management system market, 2018 - 2030 (USD Million)
5.3.2 Europe intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
5.3.3 Germany
5.3.3.1 Germany intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.3.4 U.K.
5.3.4.1 U.K. intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.3.5 France
5.3.5.1 France intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.3.6 Italy
5.3.6.1 Italy intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.3.7 Spain
5.3.7.1 Spain intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.3.8 Denmark
5.3.8.1 Denmark intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.3.9 Sweden
5.3.9.1 Sweden intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.3.10 Norway
5.3.10.1 Norway intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.4 Asia Pacific
5.4.1 Asia Pacific intelligent traffic management system market, 2018 - 2030 (USD Million)
5.4.2 Asia Pacific intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
5.4.3 China
5.4.3.1 China intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.4.4 India
5.4.4.1 India intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.4.5 Japan
5.4.5.1 Japan intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.4.6 Australia
5.4.6.1 Australia intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.4.7 Thailand
5.4.7.1 Thailand intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.4.8 South Korea
5.4.8.1 South Korea intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.5 Latin America
5.5.1 Latin America intelligent traffic management system marekt, 2018-2030 (USD Million)
5.5.2 Latin America intelliegent traffic management system market, by solution, 2018 - 2030 (USD Million)
5.5.3 Brazil
5.5.3.1 Brazil intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.5.4 Mexico
5.5.4.1 Mexico intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.5.5 Argentina
5.5.5.1 Argentina intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.5 MEA
5.6.1 MEA intelligent traffic management system marekt, 2018-2030
5.6.2 MEA intelliegent traffic management system market, by solution, 2018 - 2030
5.6.3 South Africa
5.6.3.1 South Africa intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.6.4 Saudi Arabia
5.6.4.1 Saudi Arabia intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.6.5 UAE
5.6.5.1 UAE intelligent traffic management system market, By solution, 2018 - 2030 (USD Million)
5.6.6 Kuwait
5.6.6.1 Kuwait intelligent traffic management system market, By solution, 2018 - 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 Intelligent Traffic Management System Market: Key Company Market Ranking Analysis, 2022
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 AG
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 Q-Free ASA
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 Intelligent traffic management system market - Industry snapshot & key buying criteria, 2018 - 2030
Table 2 Global intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 3 Global intelligent traffic management system market, by region, 2018 - 2030 (USD Million)
Table 4 Global intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 5 Vendor landscape
Table 6 Intelligent traffic monitoring system market, 2018 - 2030 (USD Million)
Table 7 Intelligent traffic monitoring sytem, by region, 2018 - 2030 (USD Million)
Table 8 Intelligent traffic signal control system market, 2018 - 2030 (USD Million)
Table 9 Intelligent traffic signal control market by region, 2018 - 2030 (USD Million)
Table 10 Intelligent tarffic enforcement camera market, 2018 - 2030 (USD Million)
Table 11 Intelligent traffic enforcement camera market, by region, 2018 - 2030 (USD Million)
Table 12 Intelligent integrated corridor management market, 2018 - 2030 (USD Million)
Table 13 Intelligent integrated corridor management market, by region, 2018 - 2030 (USD Million)
Table 14 Intelligent driver informattion market market, 2018 - 2030 (USD Million)
Table 15 Intelligent driver information system market, by region, 2018 - 2030 (USD Million)
Table 16 Other Intelligent traffic management market, 2018 - 2030 (USD Million)
Table 17 Other intelligent traffic management system market, by region, 2018 - 2030 (USD Million)
Table 18 North America intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 19 North America intelligent traffic management system market, by solution 2018 - 2030 (USD Million)
Table 20 U.S. intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 21 U.S. intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 22 Canada intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 23 Canada intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 24 Europe intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 25 Europe intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 26 Germany intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 27 Germany intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 28 U.K. intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 29 U.K. intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 30 France intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 31 France intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 32 Italy intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 33 Italy intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 34 Spain intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 35 Spain intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 36 Denmark intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 37 Denmark intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 38 Sweden intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 39 Sweden intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 40 Norway intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 41 Norway intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 42 Asia Pacific intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 43 Asia Pacific intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 44 China intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 45 China intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 46 India intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 47 India intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 48 Japan intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 49 Japan intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 50 Australia intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 51 Australia intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 52 Thailand intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 53 Thailand intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 54 South Korea intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 55 South Korea intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 56 Latin America intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 57 Latin America intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 58 Brazil intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 59 Brazil intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 60 Mexico intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 61 Mexico intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 62 Argentina intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 63 Argentina intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 64 MEA intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 65 MEA intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 66 South Africa intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 67 South Africa intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 68 Saudi Arabia intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 69 Saudi Arabia intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 70 UAE intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 71 UAE intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
Table 72 Kuwait intelligent traffic management system market, 2018 - 2030 (USD Million)
Table 73 Kuwait intelligent traffic management system market, by solution, 2018 - 2030 (USD Million)
List of Figures
FIG. 1 Market research process
Fig. 2 Primary research process
Fig. 3 Information Analysis
Fig. 4 Data validation and publishing
Fig. 5 Intelligent traffic management system market analysis and key buying criteria, 2018 - 2030
Fig. 6 Intelligent traffic management system market segmentation
Fig. 7 Intelligent traffic management system market - Value chain analysis
Fig. 8 Intelligent traffic management system market - Market dynamics
Fig. 9 Intelligent traffic management system market - Penetration & growth prospect mapping
Fig. 10 Intelligent traffic management system market - Porter’s five forces analysis
Fig. 11 Intelligent traffic management system market - PESTEL analysis
Fig. 12 Intelligent traffic management system market: By solution segment outlook & market share, 2022 and 2030
Fig. 13 Intelligent traffic management system market: By region segment outlook & market share, 2022 and 2030
Fig. 14 North America intelligent traffic management system market: Key takeaways
Fig. 15 Europe intelligent traffic management system market: Key takeaways
Fig. 16 Asia Pacific intelligent traffic management system market: Key takeaways
Fig. 17 Latin America intelligent traffic management system market: Key takeaways
Fig. 18 MEA intelligent traffic management system market: Key takeaways
Fig. 20 Key company market ranking analysis, 2022

Companies Mentioned

  • Cubic Corporation
  • SNC-Lavalin Group (Atkins)
  • Thales Group
  • International Business Machines Corporation
  • General Electric Company
  • Siemens AG
  • Kapsch TrafficCom
  • TomTom International BV
  • Q-Free ASA
  • TransCore

Methodology

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Table Information

Report AttributeDetails
No. of Pages150
PublishedDecember 2022
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 11.31 Billion
Forecasted Market Value ( USD ) by 2030 $ 27.92 Billion
Compound Annual Growth Rate13.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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