Integrated Traffic System Market Report: Trends, Forecast and Competitive Analysis to 2030

Integrated Traffic System Market Report: Trends, Forecast and Competitive Analysis to 2030

Integrated Traffic System Trends and Forecast

The future of the global integrated traffic system market looks promising with opportunities in the traffic monitoring, traffic control, and information provision markets. The global integrated traffic system market is expected to reach an estimated $45.8 billion by 2030 with a CAGR of 8.4% from 2024 to 2030. The major drivers for this market are growing urbanization and car ownership, rising concerns related to public safety, and increasing government policies to reduce carbon emissions.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Integrated Traffic System by Segment

The study includes a forecast for the global integrated traffic system by hardware, function, and region.

Integrated Traffic System Market by Hardware [Shipment Analysis by Value from 2018 to 2030]:

• Display Boards
• Interface Boards
• Radars
• Sensors
• Smart Traffic Lights
• Surveillance Cameras
• Others

Integrated Traffic System Market by Function [Shipment Analysis by Value from 2018 to 2030]:

• Traffic Monitoring
• Traffic Control
• Information Provision

Integrated Traffic System Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Integrated Traffic System Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies integrated traffic system companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the integrated traffic system companies profiled in this report include-

• Cubic
• Siemens
• Kapsch TrafficCom
• SWARCO MIZAR
• Sumitomo
• FLIR Systems
• Jenoptik

Integrated Traffic System Market Insights

Lucintel forecasts that surveillance camera is expected to witness the highest growth over the forecast period due to its lower cost.

Within this market, traffic monitoring will remain the largest segment due to rapid urbanization and increasing traffics in the urban areas.

APAC is expected to witness highest growth over the forecast period due to increasing vehicle demand and rising government programs in the region.

Features of the Global Integrated Traffic System Market

Market Size Estimates: Integrated traffic system market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Integrated traffic system market size by hardware, function, and region in terms of value ($B).

Regional Analysis: Integrated traffic system market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different hardware, functions, and regions for the integrated traffic system market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the integrated traffic system market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the integrated traffic system market size?

Answer: The global integrated traffic system market is expected to reach an estimated $45.8 billion by 2030.

Q2. What is the growth forecast for integrated traffic system market?

Answer: The global integrated traffic system market is expected to grow with a CAGR of 8.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the integrated traffic system market?

Answer: The major drivers for this market are growing urbanization and car ownership, rising concerns related to public safety, and increasing government policies to reduce carbon emissions.

Q4. What are the major segments for integrated traffic system market?

Answer: The future of the integrated traffic system market looks promising with opportunities in the traffic monitoring, traffic control, and information provision markets.

Q5. Who are the key integrated traffic system market companies?

Answer: Some of the key integrated traffic system companies are as follows:

• Cubic
• Siemens
• Kapsch TrafficCom
• SWARCO MIZAR
• Sumitomo
• FLIR Systems
• Jenoptik

Q6. Which integrated traffic system market segment will be the largest in future?

Answer: Lucintel forecasts that surveillance camera is expected to witness the highest growth over the forecast period due to its lower cost.

Q7. In integrated traffic system market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to increasing vehicle demand and rising government programs in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the integrated traffic system market by hardware (display boards, interface boards, radars, sensors, and smart traffic lights, surveillance cameras, and others), function (traffic monitoring, traffic control, and information provision), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?Please note: It will take 2-3 business days to deliver the report upon receipt the order.