Integrated Traffic Systems Market 2025-2029
The integrated traffic systems market is forecasted to grow by USD 22916.4 mn during 2024-2029, accelerating at a CAGR of 14.8% during the forecast period. The 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 market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for effective traffic management due to growing number of vehicles, increasing toll road expansion plans, and government initiatives for development of intelligent transportation system.
Technavio's integrated traffic systems market is segmented as below:
By Solution
- Traffic monitoring system
- Traffic control system
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- 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, emergence of smart cities and extensive use of hdr cameras and ethernet-based adas will lead to sizable demand in the market.
The 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
The 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., Dahua Technology Co. Ltd., 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, and TransCore. 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.
The publisher 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 primary and secondary research. The 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.