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Published: Jun, 2019 | Pages:
110 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)
The global intelligent traffic management system market size is expected to reach USD 18.2 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 12.0% over the forecast period. The ITMS market is expected to witness significant growth due to growing adoption of advanced traffic management system (ATMS) to enhance road safety. Traffic monitoring system accounted for the largest revenue share owing to its rapid adoption in developed regions like North America and Europe. These solutions help in controlling signal lights, thereby ensuring smooth vehicle flow. Moreover, they help in reducing air pollution as well as road accidents by providing real time information. Moreover, supportive government initiatives in order to improve vehicle flow, increase transportation system efficiency, increase economic productivity, enhance mobility, and reduce negative environmental effects are likely to support the market growth. Intelligent driver information system (IDIS) is expected to be the fastest growing solution over the forecast period. IDIS provides real time and avoids potential collision with the help of auto brake solutions. Moreover, these solutions detects the speed of a vehicle in the lane, and thus helps in avoiding collision. North America dominated the smart traffic management system market in 2018 and is expected to maintain its lead throughout the forecast period. Demand for ATMS is increasing in the region as it reduces road congestion and enhances the driver and passenger safety. For instance, in June 2016, the Texas Transportation Commission announced the approval of a USD 1.3 billion plan to reduce vehicular congestion in the most congested roadways in Texas. According to the commission, on an average, a Texas driver wastes around 52 hours annually stuck on the road, which costs over USD 1,200 annually. Asia Pacific is anticipated to witness substantial growth due to rapid urbanization and growing population. Rise in the disposable income of the population will fuel the demand for vehicles. This is expected to increase road congestion and boost the demand for ATMS, thereby fueling the ITMS market growth. Further key findings from the study suggest: • Integrated corridor management (ICM) solution is projected to expand at a CAGR of 12.7% during the forecast period. Increasing need to reduce road congestion and improve travel time is expected to boost the demand for ICM solutions • U.S., Germany, and China are the prominent countries using ITMS due to heavy consumption of automobiles in these countries • Many cities in India have implemented traffic management with video surveillance solutions due to growth of the IP camera market. This will help the controllers with real-time data about the road congestion scenario as well as help in ensuring that the drivers are following safety regulations • The intelligent traffic management system market is highly competitive in nature due to the presence of many key global players. Rapid technological advancement is compelling the market players to invest heavily in research and development of these solutions to ensure easy implementation.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Intelligent Traffic Management System Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Intelligent Traffic Management System Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Solution Adoption
4.4. Observations & Recommendations
Chapter 5. ITMS Market: Solution Estimates & Trend Analysis
5.1. Solution Movement Analysis & Market Share, 2018 & 2025
5.2. Traffic Monitoring System
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.3. Traffic Signal Control System
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.4. Traffic Enforcement Camera
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.5. Integrated Corridor Management
5.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.6. Intelligent Driver Information System
5.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
5.7. Others
5.7.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. ITMS Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2018 & 2025
6.2. North America
6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.2.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
6.2.3. Market estimates and forecast, by material, 2015 - 2025 (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.2.4.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.3.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
6.3.3. Germany
6.3.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.3.3.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.4.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
6.4.3. China
6.4.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.4.3.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.5.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
6.5.3. Brazil
6.5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.5.3.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.6.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
6.6.3. UAE
6.6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
6.6.3.2. Market estimates and forecast, by solution, 2015 - 2025 (USD Million)
Chapter 7. Competitive Analysis
7.1. Key global players, recent developments & their impact on the industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key company market share analysis, 2018
Chapter 8. Company Profiles
8.1. Siemens
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Solution Benchmarking
8.1.4. Strategic Initiatives
8.2. Kapsch TrafficCom AG
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Solution Benchmarking
8.2.4. Strategic Initiatives
8.3. TomTom
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Solution Benchmarking
8.3.4. Strategic Initiatives
8.4. Q-Free ASA
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Solution Benchmarking
8.4.4. Strategic Initiatives
8.5. Thales Group
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Solution Benchmarking
8.5.4. Strategic Initiatives
8.6. Cubic Corporation
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Solution Benchmarking
8.6.4. Strategic Initiatives
8.7. IBM
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Solution Benchmarking
8.7.4. Strategic Initiatives
8.8. SNC-Lavalin Group (Atkins)
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Solution Benchmarking
8.8.4. Strategic Initiatives
8.9. General Electric Company (GE)
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Solution Benchmarking
8.9.4. Strategic Initiatives
8.10. TransCore
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Solution Benchmarking
8.10.4. Strategic Initiatives
List of Tables 1. Intelligent Traffic Management System- Key market driver analysis 2. Intelligent Traffic Management System- Key market restraint analysis 3. Global traffic monitoring system market estimates and forecast, 2015 - 2025 (USD Million) 4. Global traffic signal control system market estimates and forecast, 2015 - 2025 (USD Million) 5. Global traffic enforcement camera market estimates and forecast, 2015 - 2025 (USD Million) 6. Global integrated corridor management market estimates and forecast, 2015 - 2025 (USD Million) 7. Global intelligent driver information system market estimates and forecast, 2015 - 2025 (USD Million) 8. Global other intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 9. North America intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 10. North America intelligent traffic management system market revenue estimates and forecast by solution, 2015 - 2025 (USD Million) 11. U.S. intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 12. U.S. intelligent traffic management system market revenue estimates and forecast by solution, 2015 - 2025 (USD Million) 13. Europe intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 14. Europe intelligent traffic management system market revenue estimates and forecast by solution, 2015 - 2025 (USD Million) 15. Germany intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 16. Germany intelligent traffic management system market revenue estimates and forecast by Solution, 2015 - 2025 (USD Million) 17. Asia Pacific intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 18. Asia Pacific intelligent traffic management system market revenue estimates and forecast by solution, 2015 - 2025 (USD Million) 19. China intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 20. China intelligent traffic management system market revenue estimates and forecast by Solution, 2015 - 2025 (USD Million) 21. Central & South America intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 22. Central & South America intelligent traffic management system market revenue estimates and forecast by Solution, 2015 - 2025 (USD Million) 23. Brazil intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 24. Brazil intelligent traffic management system market revenue estimates and forecast by Solution, 2015 - 2025 (USD Million) 25. Middle East & Africa intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 26. Middle East & Africa intelligent traffic management system market revenue estimates and forecast by Solution, 2015 - 2025 (USD Million) 27. UAE intelligent traffic management system market estimates and forecast, 2015 - 2025 (USD Million) 28. UAE intelligent traffic management system market revenue estimates and forecast by Solution, 2015 - 2025 (USD Million) 29. Vendor landscape
List of Figures 1. Intelligent Traffic Management System market snapshot 2. Intelligent Traffic Management System market segmentation & scope 3. Intelligent Traffic Management System market penetration & growth prospect mapping 4. Intelligent Traffic Management System value chain analysis 5. Intelligent Traffic Management System market dynamics 6. Intelligent Traffic Management System market: Porter's analysis 7. Intelligent Traffic Management System market: Solution movement analysis 8. Intelligent Traffic Management System market: Regional movement analysis
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