Analysis by Company, Regions, Types, Applications, Drivers, Trends, Challenges, Opportunities
Pune, July 06, 2022 (GLOBE NEWSWIRE) — traffic management systems market The report gives you an overall analysis of the global market by industry size, shares, revenue in past and future estimates, year-over-year growth of Traffic Management Systems with upcoming opportunities and challenges. . The report also covers major players operating in the global Traffic Management Systems market with company details, recent developments, revenue, mergers and acquisitions, expansion plans. The research reports also cover segmentation by product type, applications, and geographical regions, with the market size of each type and application with respect to regions.
Traffic management systems refer to IT solutions provided by suppliers to improve traffic flow and enhance passenger safety. Traffic management systems consume data from disparate sources such as road sensors, CCTV cameras and traffic control centers. The systems process this data and generate useful information, which is transmitted to end users such as passengers, traffic control agencies and police stations. Traditionally, traffic management systems saved time and reduced fuel waste by reducing traffic jams. However, with advances in communication and internet technologies, traffic management systems now help users in wider applications by building a comprehensive traffic network.
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The global Traffic Management Systems market size is expected to reach US$3965.1 million by 2028, from US$2140 million in 2021, at a CAGR of 9.1% during the period 2022-2028 .
Traffic Management Systems market is split by Type and by Application for the period 2017-2028, growth between segments provides accurate revenue calculations and forecasts by Type and Application. This analysis can help you grow your business by targeting qualified niche markets.
Segment by type
Integrated city traffic control system
Highway management system
Electronic toll collection (ETC)
Advanced public transportation system
Segment by application
Consulting and Planning
In terms of product, the integrated city traffic control system is the largest segment, with a share of around 55%. And in terms of application, the most important application is urban traffic, followed by intercity, parking management, info-mobility, public transport, highway, advice and Planning.
China is the largest market, with a share of around 40%, followed by North America and Europe, with a total share of around 30%.
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Major players in global traffic management systems include Kapsch TrafficCom, SWARCO, Siemens, TomTom, THALES, etc. The top five global players hold a share of around 20%.
Years considered for this report: –
Historical years: 2011-2028
Base year: 2021
Estimated year: 2022
Forecast period: 2022-2028
The Traffic Management Systems Market report provides the impacts of COVID-19 on the upstream, midstream and downstream businesses. Additionally, this study provides a detailed estimation of the market emphasizing facts on several aspects covering market dynamics such as drivers, barriers, opportunities, threats, and industry news and trends. Ultimately, this report also offers in-depth study and expert advice on how to deal with the post-COIVD-19 period.
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Detailed TOC of Global Traffic Management Systems Market Research Report 2022
1 Presentation of the report
1.1 Scope of the study
1.2 Market Analysis by Type
1.2.1 Global Traffic Management Systems Market Size Growth Rate by Type: 2017 VS 2021 VS 2028
1.3 Market by Application
1.3.1 Global Traffic Management Systems Market Share by Application: 2017 VS 2021 VS 2028
1.4 Objectives of the study
1.5 years considered
2 Global Growth Trends
2.1 Global Traffic Management Systems Market Outlook (2017-2028)
2.2 Traffic Management Systems Growth Trends by Regions
2.2.1 Traffic Management Systems Market Size by Regions: 2017 VS 2021 VS 2028
2.2.2 Traffic Management Systems Historic Market Size by Regions (2017-2022)
2.2.3 Traffic Management Systems Forecasted Market Size by Regions (2023-2028)
2.3 Traffic Management Systems Market Dynamics
2.3.1 Traffic Management Systems Industry Trends
2.3.2 Traffic Management Systems Market Drivers
2.3.3 Traffic Management Systems Market Challenges
2.3.4 Traffic Management Systems Market Constraints
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