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Asia-Pacific AI-Driven Traffic Management Market Size, Share & Trends Analysis Report By Deployment Mode, By Technology, By Component (Software, Hardware, and Services), By Application, By End User, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 170 Pages
  • October 2024
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 6020273
Description Jump to:
The Asia Pacific AI-Driven Traffic Management Market is expected to witness market growth of 30.4% CAGR during the forecast period (2024-2031).

The China market dominated the Asia Pacific AI-Driven Traffic Management Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $10.31 billion by 2031. The Japan market is registering a CAGR of 29.6% during 2024-2031. Additionally, the India market is expected to showcase a CAGR of 31.3% during 2024-2031.



The adoption of these systems is gaining momentum, revolutionizing how cities manage transportation networks. Many governments prioritize developing smart cities, which incorporate these systems as a core component. Policies are being established to support investments in technology that improve urban mobility and reduce congestion. Public funding and grants are increasingly available for municipalities seeking to implement AI traffic management systems. These financial incentives encourage local governments to invest in advanced technologies.

AI-driven systems can be integrated with existing traffic infrastructure, such as traffic lights and cameras, making adoption easier and more cost-effective for cities. This interoperability allows for a gradual transition without requiring complete overhauls of current systems. Many AI traffic management solutions are modular, allowing cities to adopt specific components that meet their immediate needs while enabling future scalability as technology evolves.

The rise of autonomous vehicles in China is poised to impact the market's growth significantly. According to the State Council of the People’s Republic of China, autonomous driving companies raised an impressive $3.5 billion in the first quarter of 2020, a 34% increase compared to the previous year. This surge in investment underscores the growing confidence in autonomous technologies and their potential to reshape the transportation landscape in China. The rising traffic accidents in India have significant implications for the growth of this market. As per the Ministry of Road Transport and Highways, India witnessed a staggering 4,61,312 road accidents in 2022, resulting in 1,68,491 fatalities and injuries to 4,43,366 individuals. Therefore, the increasing prevalence of autonomous vehicles in China and rising accidents in India present a significant opportunity for the growth of the AI-driven traffic management market.

List of Key Companies Profiled

  • Siemens AG (Siemens Mobility)
  • Iteris, Inc.
  • Econolite Group, Inc.
  • Thales Group S.A.
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Ericsson AB
  • SWARCO AG
  • IBM Corporation
  • Indra Sistemas, S.A.
  • ST Engineering Limited (Temasek Holdings Limited)

Market Report Segmentation

By Deployment Mode
  • Cloud
  • On-Premises
By Technology
  • Machine Learning (ML)
  • Computer Vision
  • Internet of Things (IoT)
  • Natural Language Processing (NLP)
  • Other Technology
By Component
  • Software
  • Hardware
  • Services
By Application
  • Traffic Signal Control Systems
  • Incident Detection & Management
  • Route Optimization
  • Public Transport Management
  • Predictive Analytics
By End User
  • Government Authorities
  • Highway Operators
  • Logistics & Transportation Providers
By Country
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific AI-Driven Traffic Management Market, by Deployment Mode
1.4.2 Asia Pacific AI-Driven Traffic Management Market, by Technology
1.4.3 Asia Pacific AI-Driven Traffic Management Market, by Component
1.4.4 Asia Pacific AI-Driven Traffic Management Market, by Application
1.4.5 Asia Pacific AI-Driven Traffic Management Market, by End User
1.4.6 Asia Pacific AI-Driven Traffic Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Dec - 2024, Aug) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. Asia Pacific AI-Driven Traffic Management Market by Deployment Mode
5.1 Asia Pacific Cloud Market by Country
5.2 Asia Pacific On-Premises Market by Country
Chapter 6. Asia Pacific AI-Driven Traffic Management Market by Technology
6.1 Asia Pacific Machine Learning (ML) Market by Country
6.2 Asia Pacific Computer Vision Market by Country
6.3 Asia Pacific Internet of Things (IoT) Market by Country
6.4 Asia Pacific Natural Language Processing (NLP) Market by Country
6.5 Asia Pacific Other Technology Market by Country
Chapter 7. Asia Pacific AI-Driven Traffic Management Market by Component
7.1 Asia Pacific Software Market by Country
7.2 Asia Pacific Hardware Market by Country
7.3 Asia Pacific Services Market by Country
Chapter 8. Asia Pacific AI-Driven Traffic Management Market by Application
8.1 Asia Pacific Traffic Signal Control Systems Market by Country
8.2 Asia Pacific Incident Detection & Management Market by Country
8.3 Asia Pacific Route Optimization Market by Country
8.4 Asia Pacific Public Transport Management Market by Country
8.5 Asia Pacific Predictive Analytics Market by Country
Chapter 9. Asia Pacific AI-Driven Traffic Management Market by End User
9.1 Asia Pacific Government Authorities Market by Country
9.2 Asia Pacific Highway Operators Market by Country
9.3 Asia Pacific Logistics & Transportation Providers Market by Country
Chapter 10. Asia Pacific AI-Driven Traffic Management Market by Country
10.1 China AI-Driven Traffic Management Market
10.1.1 China AI-Driven Traffic Management Market by Deployment Mode
10.1.2 China AI-Driven Traffic Management Market by Technology
10.1.3 China AI-Driven Traffic Management Market by Component
10.1.4 China AI-Driven Traffic Management Market by Application
10.1.5 China AI-Driven Traffic Management Market by End User
10.2 Japan AI-Driven Traffic Management Market
10.2.1 Japan AI-Driven Traffic Management Market by Deployment Mode
10.2.2 Japan AI-Driven Traffic Management Market by Technology
10.2.3 Japan AI-Driven Traffic Management Market by Component
10.2.4 Japan AI-Driven Traffic Management Market by Application
10.2.5 Japan AI-Driven Traffic Management Market by End User
10.3 India AI-Driven Traffic Management Market
10.3.1 India AI-Driven Traffic Management Market by Deployment Mode
10.3.2 India AI-Driven Traffic Management Market by Technology
10.3.3 India AI-Driven Traffic Management Market by Component
10.3.4 India AI-Driven Traffic Management Market by Application
10.3.5 India AI-Driven Traffic Management Market by End User
10.4 South Korea AI-Driven Traffic Management Market
10.4.1 South Korea AI-Driven Traffic Management Market by Deployment Mode
10.4.2 South Korea AI-Driven Traffic Management Market by Technology
10.4.3 South Korea AI-Driven Traffic Management Market by Component
10.4.4 South Korea AI-Driven Traffic Management Market by Application
10.4.5 South Korea AI-Driven Traffic Management Market by End User
10.5 Australia AI-Driven Traffic Management Market
10.5.1 Australia AI-Driven Traffic Management Market by Deployment Mode
10.5.2 Australia AI-Driven Traffic Management Market by Technology
10.5.3 Australia AI-Driven Traffic Management Market by Component
10.5.4 Australia AI-Driven Traffic Management Market by Application
10.5.5 Australia AI-Driven Traffic Management Market by End User
10.6 Malaysia AI-Driven Traffic Management Market
10.6.1 Malaysia AI-Driven Traffic Management Market by Deployment Mode
10.6.2 Malaysia AI-Driven Traffic Management Market by Technology
10.6.3 Malaysia AI-Driven Traffic Management Market by Component
10.6.4 Malaysia AI-Driven Traffic Management Market by Application
10.6.5 Malaysia AI-Driven Traffic Management Market by End User
10.7 Rest of Asia Pacific AI-Driven Traffic Management Market
10.7.1 Rest of Asia Pacific AI-Driven Traffic Management Market by Deployment Mode
10.7.2 Rest of Asia Pacific AI-Driven Traffic Management Market by Technology
10.7.3 Rest of Asia Pacific AI-Driven Traffic Management Market by Component
10.7.4 Rest of Asia Pacific AI-Driven Traffic Management Market by Application
10.7.5 Rest of Asia Pacific AI-Driven Traffic Management Market by End User
Chapter 11. Company Profiles
11.1 Siemens AG (Siemens Mobility)
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.5.3 Acquisition and Mergers:
11.1.6 SWOT Analysis
11.2 Iteris, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Research & Development Expenses
11.2.4 Recent strategies and developments:
11.2.4.1 Partnerships, Collaborations, and Agreements:
11.2.4.2 Product Launches and Product Expansions:
11.3 Econolite Group, Inc.
11.3.1 Company Overview
11.3.2 Recent strategies and developments:
11.3.2.1 Partnerships, Collaborations, and Agreements:
11.3.2.2 Acquisition and Mergers:
11.4 Thales Group S.A.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.6 SWOT Analysis
11.5 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expenses
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 SWARCO AG
11.6.1 Company Overview
11.6.2 Recent strategies and developments:
11.6.2.1 Partnerships, Collaborations, and Agreements:
11.6.2.2 Product Launches and Product Expansions:
11.6.3 SWOT Analysis
11.7 Ericsson AB
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.7.6 SWOT Analysis
11.8 IBM Corporation
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Regional & Segmental Analysis
11.8.4 Research & Development Expenses
11.8.5 Recent strategies and developments:
11.8.5.1 Acquisition and Mergers:
11.8.6 SWOT Analysis
11.9 Indra Sistemas, S.A.
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.10. ST Engineering Limited
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis

Companies Mentioned

Some of the key companies profiled in this Asia Pacific AI-Driven Traffic Management Market include:
  • Siemens AG (Siemens Mobility)
  • Iteris, Inc.
  • Econolite Group, Inc.
  • Thales Group S.A.
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Ericsson AB
  • SWARCO AG
  • IBM Corporation
  • Indra Sistemas, S.A.
  • ST Engineering Limited (Temasek Holdings Limited )

Methodology

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