Global Integrated Traffic Systems Market 2022-2026

Global Integrated Traffic Systems Market 2022-2026

Technavio has been monitoring the integrated traffic systems market and it is poised to grow by $ 13.95 bn during 2022-2026 progressing at a CAGR of 11.83% during the forecast period. Our report on the integrated traffic systems market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for effective traffic management due to the growing number of vehicles, increasing toll road expansion plans, and government initiatives for the development of intelligent transportation systems.

The integrated traffic systems market analysis includes solution segment and geographic landscape.

Technavio's integrated traffic systems market is segmented as below:

By Geographical Landscape

• North America
• Europe
• APAC
• South America
• The Middle East and Africa

This study identifies the increasing global road traffic congestion as one of the prime reasons driving the integrated traffic systems market growth during the next few years. Also, the emergence of smart cities and extensive use of hdr cameras and ethernet-based ads will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the integrated traffic systems market covers the following areas:

• Integrated traffic systems market sizing
• Integrated traffic systems market forecast
• Integrated traffic systems market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading integrated traffic systems market vendors that include Cisco Systems Inc., Cubic Corp., EFKON India Pvt. Ltd., Global Traffic Technologies LLC, IMTAC LLC, International Business Machines Corp., Iteris Inc., Jenoptik AG, Kapsch TrafficCom AG, LG Corp., PTV Planung Transport Verkehr AG, Samsung Electronics Co. Ltd., Siemens AG, SNC Lavalin Group Inc., Sumitomo Electric Industries Ltd., SWARCO AG, Teledyne Technologies Inc., Thales Group, TransCore, and Zhejiang Dahua Technology Co. Ltd. Also, the integrated traffic systems market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Companies Mentioned

Cisco Systems Inc., Cubic Corp., EFKON India Pvt. Ltd., Global Traffic Technologies LLC, IMTAC LLC, International Business Machines Corp., Iteris Inc., Jenoptik AG, Kapsch TrafficCom AG, LG Corp., PTV Planung Transport Verkehr AG, Samsung Electronics Co. Ltd., Siemens AG, SNC Lavalin Group Inc., Sumitomo Electric Industries Ltd., SWARCO AG, Teledyne Technologies Inc., Thales Group, TransCore, Zhejiang Dahua Technology Co. Ltd.