About Integrated Traffic Systems
Integrated traffic System has developed for solving the issues related to the traffic congestion on roads. This system contains a database management system for traffic data including accidents, roadways volumes, and signal timing details. It is an electronic system used by the roads. Its objective is the regulation and current control of traffic in the supervised area, giving priority to public transport and informing road users about traffic incidents.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.1% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that Austria, United States Manufacturers will contribute the maximum growth to Global Integrated Traffic Systems market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM Corporation (United States), Kapsch TrafficCom (Austria), Cubic (United States), Swarco (Austria), Siemens (Germany), Sumitomo (Japan), Flir Systems (United States), Jenoptik AG (Germany), LG CNS (South Korea) and Iteris (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Integrated Traffic Systems market by Type (Automatic Traffic Recorders, License Plate Reader, Over-Height Detector, Remote Traffic Microwave Sensor, Dynamic Message Sign / Variable Messaging Sign and Portable Dynamic Message Sign, on trailer), Application (Urban Traffic Management and Control, Adaptive Traffic Control System, Journey Time Measurement System, Predictive Traffic Modelling System and Incident Detection and Location System) and Region.
On the basis of geography, the market of Integrated Traffic Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Traffic Monitoring will boost the Integrated Traffic Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Surveillance camera segment is expected to be the fastest growing segment in this market
Market Growth Drivers:
Rising urbanisation and Increasing concern about safety
Challenges:
Huge capital investment in old road infrastructure is major challenge for integrated traffic systems
Restraints:
Congestion pricing, Charging drivers dynamically based on the level of congestion on specific roads or at certain times.
Opportunities:
Due to increase in demand of real-time traffic tracking, there is huge opportunity in this market
Market Leaders and their expansionary development strategies
On July 27, 2022, Jenoptik expanded its Uzbekistan road safety project, following the success of the 2018 contract. Delivering over 200 speed enforcement systems, the extended contract includes smart city components addressing new violations.
On October 19, 2023, ST Engineering secured a contract for Abu Dhabi's inaugural multimodal intelligent transportation central platform, valid until 2027. The project involves designing and constructing the ITCP, system integration, and overall project management. Leveraging AI capabilities, the ITCP will centralize subsystems, enabling effective multimodal transport strategies, real-time road traffic monitoring, incident detection, automated traffic information dissemination, and traffic congestion prediction.
Key Target Audience
Road, Railways, Air and Maritime
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.