Global Traffic Management Systems Market Growth (Status and Outlook) 2023-2029

Global Traffic Management Systems Market Growth (Status and Outlook) 2023-2029

Traffic management systems refer to the IT solutions provided by vendors to improve the traffic flow and enhance passenger safety. The traffic management systems consume data from disparate sources such as road sensors, CCTV cameras, and traffic control centers. The systems process these data and generate useful information, which is passed on to end-users such as passengers, traffic control agencies, and police stations. Traditionally, traffic management systems helped to save time and reduce wastage of fuel by reducing traffic congestion. However, with the advances in communication technologies and the internet, the traffic management systems now help users in more widely applications by building a whole traffic networking.

LPI (LP Information)' newest research report, the “Traffic Management Systems Industry Forecast” looks at past sales and reviews total world Traffic Management Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Traffic Management Systems sales for 2023 through 2029. With Traffic Management Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Traffic Management Systems industry.

This Insight Report provides a comprehensive analysis of the global Traffic Management Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Traffic Management Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Traffic Management Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Traffic Management Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Traffic Management Systems.

The global Traffic Management Systems market size is projected to grow from US$ 2093.5 million in 2022 to US$ 3936.4 million in 2029; it is expected to grow at a CAGR of 9.4% from 2023 to 2029.

Global Traffic Management Systems key players include Kapsch TrafficCom, SWARCO, Siemens, TomTom, THALES, etc. Global top five players hold a share about 20%.

China is the largest market, with a share about 40%, followed by North America and Europe, having a total share about 30 percent.

In terms of product, Integrated Urban Traffic Control System is the largest segment, with a share about 55%. And in terms of application, the largest application is Urban Traffic, followed by Inter-Urban, Parking Management, Info-mobility, Public Transport, Freeway, Consultancy and Planning.

This report presents a comprehensive overview, market shares, and growth opportunities of Traffic Management Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Integrated Urban Traffic Control System

Freeway Management System

Electronic Toll Collection (ETC)

Advanced Public Transportation System

Others

Segmentation by application

Urban Traffic

Inter-Urban

Parking Management

Info-mobility

Public Transport

Freeway

Consultancy and Planning

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Kapsch TrafficCom

SWARCO

Siemens

TomTom

THALES

IBM

Cubic

Fujitsu

Q-Free

Imtech

Kyosan Electric

SICE

Iteris

Peek traffic

E-Hualu

China ITS (Holdings)

ENJOYOR

Datang Telecom

Wantong Technology

Hisense TransTech

China Shipping Network Technology

Dahua Technology

HIKVISION

Baokang Electronic

Please note: The report will take approximately 2 business days to prepare and deliver.