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Pulished Date April, 2021
ID: 9810
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Integrated Traffic Systems Market Segmentation By Function (Traffic Monitoring, Traffic Control, Information Provision), By Traffic monitoring System (Automatic Vehicle Detection, Number Plate Recognition System, Journey Time Measurement System), By Traffic Control System (Intelligent Traffic Lightings, Parking Management, Incident Detection), By Information Provision System (Information Communication System, Multifunctional System), By Hardware (Surveillance Cameras, Display Boards, Radars, Sensors, Smart Traffic Lights, Interface Boards, Others) - Industry Analysis, Market Share, Size, Growth, Trends and Forecast 2021-2026

Pulished: April, 2021
ID: 9810
Pages: 175

Market Overview:

The global integrated traffic systems market is likely to reach roughly USD 37.19 billion by 2026, developing at a CAGR of about 9% between 2021 and 2026. The market size is expected to improve significantly over the estimated time frame because of expanding interest for on-street security, increment in the number of automobiles in developing nations and developing urbanization over the world.

Integrated traffic frameworks are multi-modular transport frameworks, where methods of transport are connected with one another. The usage of integrated traffic frameworks will bring about simple development of vehicles by means of different modes of transportation, similar to railways, roads, coastal, ports, shipping, civil aviation, and inland water.

The expansion in government support for Intelligent Transport Systems (ITS) to upgrade street security is another factor filling the market development. The surge in the building of the smart cities is aiding in the growth of improved roadside traffic infrastructure. The innovative progressions, for example, autonomous automobile and Vehicle-to-Everything (V2X) connectivity, is likewise supporting the integrated traffic frameworks market development. The developing interest in traffic control and monitoring over the cities to lessen the traffic blockage over the cities is helping in developing the adoption of integrated traffic systems. 

Recent Developments:

Powerful equipment, creative software: Sitraffic SX and Sitraffic C920ES traffic controllers are so adaptable and versatile that they can develop in step with your municipality's vehicle infrastructure, making them a protected investment in a sustainable future.

Traffic Technology Services, Inc. (TTS) and Siemens USA have finished a consent to extend TTS' accomplice network for supporting connected and autonomous automobile tasks near signalized crossing points.

Drivers and Restraints of the Integrated Traffic Systems Market:

Drivers:

The increasing interest for road security of travelers and surging call to cut street traffic are pushing the integrated traffic frameworks market universally. Attributable to the necessity street security, the expanding worries for new infrastructural advancement will likewise impel the incorporated traffic systems market later on. Traffic monitoring comprises of various functions, for example, vehicle recognition, journey time estimation systems, and automatic number plate detection, which helps in tracking automobiles and monitoring traffic in real-time. Expanding investments to upgrade existing street infrastructure is additionally foreseen to support the market interest. The expanding interest in security solutions and services in developing nations is further driving this worldwide market. Rising workers and expanding congested traffic jams conditions on streets are different components adding to the integrated traffic frameworks market.

Restraints:

In any case, the absence of standardized and uniform innovations for integrated traffic systems may limit the market in the forecast period.

Market Segmentation:

By Function:

  • Traffic Monitoring
  • Traffic Control
  • Information Provision

Traffic Monitoring By System:

  •  Automatic Vehicle Detection
  • Number Plate Recognition System
  • Journey Time Measurement System

Traffic monitoring solutions sector will rule the market. Quick urbanization in developing nations has prompted an expansion in the requirement for traffic monitoring solutions for legitimate management of traffic. Likewise, the European Union (EU) has commanded advanced safety hardware for all the new vehicles that will be sold after April 2022. These aspects are determined to drive the development of the fragment during the conjecture time frame.

Traffic Control By System:

  • Intelligent Traffic Lightings
  • Parking Management
  • Incident Detection

Intelligent traffic lightings, under the traffic control section, are foreseen to hold a massive piece of the market, attributable to the expanding interest for diminished waiting time in congested conditions and rising time imperatives to oversee personal and professional lives. The intelligent traffic lightings are very versatile, as they change traffic waiting time at every intersection by understanding traffic designs and diminish waiting time.

Information Provision By System:

  • Information Communication System
  • Multifunctional system

By Hardware:

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

The surveillance camera fragment is relied upon to be the quickest developing business sector during the estimated time frame. The principal factors driving the market incorporate constant traffic tracking and adequately readable data. In addition, diminishing the expense of camera systems is boosting the utilization of surveillance cameras in the integrated traffic frameworks market.

Integrated Traffic Systems Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America held the most significant portion of the integrated traffic system market. North America is an early adopter of innovations, and the accessibility of fundamental infrastructure to deploy innovative solutions has driven market development in the locale. Also, expanding government activities to help the execution of integrated traffic frameworks will drive market development in North America.

Europe is relied upon to dominate the integrated traffic systems market over the conjecture period because of increment in the number of commercial and passenger vehicle sales in the area. The current traffic frameworks can't deal with the ascending on street vehicles which are bringing about developing interest of integrated traffic framework in European nations, for example, Germany and France. The expansion in government support for enhancing street security in developed countries, for example, the UK and Germany are likewise energizing the integrated traffic frameworks share of the overall industry.

The Asia Pacific integrated traffic frameworks market is assessed to develop at the most noteworthy CAGR during the outlook period. The development of the Asia Pacific area is because of expanded urbanization and vehicle deals in the district over the most recent two decades.

Key Players of Market:

  • Siemens AG
  • Kapsch TrafficCom AG
  • Cisco Systems, Inc.
  • SWARCO MIZAR s.r.l.
  • Sumitomo Electric Industries, Ltd.
  • LG CNS
  • FLIR Systems
  • Cubic Corporation
  • Jenoptik AG
  • Iteris, Inc.
  • Savari, Inc.
  • EFKO Management Company CJSC
  • TransCore Atlantic LLC
  • IMTAC LLC
  • Citilog SA
  • Atkins Limited
  • Global Traffic Technologies, LLC (GTT)
  • Intelvision Technologies Limited
  • PTV AG
  • Q-Free ASA

1. Introduction                            

          1.1 Market Definition                  

          1.2 Scope of the report               

          1.3 Study Assumptions               

          1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                      

          2.1 Analysis Design          

          2.2 Research Phases                   

                    2.2.1 Secondary Research 

                    2.2.2 Primary Research     

                    2.2.3 Data Modelling        

                    2.2.4 Expert Validation     

          2.3 Study Timeline            

3. Report Overview                     

          3.1 Executive Summary               

          3.2 Key Inferencees          

4. Market Dynamics                    

          4.1 Impact Analysis           

                    4.1.1 Drivers

                    4.1.2 Restaints       

                    4.1.3 Opportunities 

          4.2 Regulatory Environment                  

          4.3 Technology Timeline & Recent Trends                  

5. Competitor Benchmarking Analysis                        

          5.1 Key Player Benchmarking                 

                    5.1.1 Market share analysis         

                    5.1.2 Products/Service      

                    5.1.3 Regional Presence    

          5.2 Mergers & Acquistion Landscape               

          5.3 Joint Ventures & Collaborations                 

6. Market Segmentation                        

          6.1 Integrated Traffic Systems Market, By Function              

                    6.1.1 Traffic Monitoring    

                    6.1.2 Traffic Control         

                    6.1.3 Information Provision         

                    6.1.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.1.5 Y-o-Y Growth Rate Analysis         

                    6.1.6 Market Attractiveness Index         

          6.2 Integrated Traffic Systems Market, By Traffic Monitoring System                   

                    6.2.1 Automatic Vehicle Detection         

                    6.2.2 Number Plate Recognition System 

                    6.2.3 Journey Time Measurement System         

                    6.2.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.2.5 Y-o-Y Growth Rate Analysis         

                    6.2.6 Market Attractiveness Index         

          6.3 Integrated Traffic Systems Market, By Traffic Control System              

                    6.3.1 Intelligent Traffic Lightings 

                    6.3.2 Parking Management

                    6.3.3 Incident Detection   

                    6.3.4 Market Size Estimations & Forecasts (2019-2024)        

                    6.3.5 Y-o-Y Growth Rate Analysis         

                    6.3.6 Market Attractiveness Index         

          6.4 Integrated Traffic Systems Market, By Information Provision System                   

                    6.4.1 Information Communication System       

                    6.4.2 Multifunctional System       

                    6.4.3 Market Size Estimations & Forecasts (2019-2024)        

                    6.4.4 Y-o-Y Growth Rate Analysis         

                    6.4.5 Market Attractiveness Index         

          6.5 Integrated Traffic Systems Market, By Hardware             

                    6.5.1 Surveillance Cameras         

                    6.5.2 Display Boards         

                    6.5.3 Radars 

                    6.5.4 Sensors         

                    6.5.5 Smart Traffic Lights 

                    6.5.6 Interface Boards       

                    6.5.7 Market Size Estimations & Forecasts (2019-2024)        

                    6.5.8 Y-o-Y Growth Rate Analysis         

                    6.5.9 Market Attractiveness Index         

7. Geographical Landscape                    

          7.1 Global Identity Governance and Administration Market, by Region                   

          7.2 North America - Market Analysis (2018 - 2024)             

                    7.2.1 By Country     

                              7.2.1.1 USA

                              7.2.1.2 Canada

                    7.2.2 By Function    

                    7.2.3 By Traffic Monitoring System        

                    7.2.4 By Traffic Control System   

                    7.2.5 By Information Provision System   

                    7.2.6 By Hardware  

          7.3 Europe             

                    7.3.1 By Country     

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                    7.3.2 By Function    

                    7.3.3 By Traffic Monitoring System        

                    7.3.4 By Traffic Control System   

                    7.3.5 By Information Provision System   

                    7.3.6 By Hardware  

          7.4 Asia Pacific                 

                    7.4.1 By Country     

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                    7.4.2 By Function    

                    7.4.3 By Traffic Monitoring System        

                    7.4.4 By Traffic Control System   

                    7.4.5 By Information Provision System   

                    7.4.6 By Hardware  

          7.5 Latin America             

                    7.5.1 By Country     

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                    7.5.2 By Function    

                    7.5.3 By Traffic Monitoring System        

                    7.5.4 By Traffic Control System   

                    7.5.5 By Information Provision System   

                    7.5.6 By Hardware  

          7.6 Middle East and Africa          

                    7.6.1 By Country     

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                    7.6.2 By Function    

                    7.6.3 By Traffic Monitoring System        

                    7.6.4 By Traffic Control System   

                    7.6.5 By Information Provision System   

                    7.6.6 By Hardware  

8. Key Player Analysis                           

          8.1 Siemens AG                

                    8.1.1 Business Description

                    8.1.2 Products/Service      

                    8.1.3 Financials      

                    8.1.4 SWOT Analysis         

                    8.1.5 Recent Developments         

                    8.1.6 Analyst Overview      

          8.2 Kapsch TrafficCom AG          

          8.3 Cisco Systems, Inc.               

          8.4 SWARCO MIZAR s.r.l.             

          8.5 Sumitomo Electric Industries, Ltd.             

          8.6 LG CNS             

          8.7 FLIR Systems              

          8.8 Cubic Corporation                 

          8.9 Jenoptik AG                

          8.10 Iteris, Inc.                 

9. Market Outlook & Investment Opportunities                     

Appendix                         

          List of Tables          

          List of Figures                  

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Integrated Traffic Systems Market By Region, From 2021-2026 ( USD Billion )
  2. Global Integrated Traffic Systems Market By Function, From 2021-2026 ( USD Billion )
  3. Global Traffic Monitoring Market By Region, From 2021-2026 ( USD Billion )
  4. Global Traffic Control Market By Region, From 2021-2026 ( USD Billion )
  5. Global Information Provision Market By Region, From 2021-2026 ( USD Billion )
  6. Global Integrated Traffic Systems Market By Traffic Monitoring System, From 2021-2026 ( USD Billion )
  7. Global Automatic Vehicle Detection Market By Region, From 2021-2026 ( USD Billion )
  8. Global Number Plate Recognition System Market By Region, From 2021-2026 ( USD Billion )
  9. Global Journey Time Measurement System Market By Region, From 2021-2026 ( USD Billion )
  10. Global Integrated Traffic Systems Market By Traffic Control System, From 2021-2026 ( USD Billion )
  11. Global Intelligent Traffic Lightings Market By Region, From 2021-2026 ( USD Billion )
  12. Global Parking Management Market By Region, From 2021-2026 ( USD Billion )
  13. Global Incident Detection Market By Region, From 2021-2026 ( USD Billion )
  14. Global Integrated Traffic Systems Market By Information Provision System, From 2021-2026 ( USD Billion )
  15. Global Information Communication System Market By Region, From 2021-2026 ( USD Billion )
  16. Global Multifunctional System Market By Region, From 2021-2026 ( USD Billion )
  17. Global Integrated Traffic Systems Market By Hardware, From 2021-2026 ( USD Billion )
  18. Global Surveillance Cameras Market By Region, From 2021-2026 ( USD Billion )
  19. Global Display Boards Market By Region, From 2021-2026 ( USD Billion )
  20. Global Radars Market By Region, From 2021-2026 ( USD Billion )
  21. Global Sensors Market By Region, From 2021-2026 ( USD Billion )
  22. Global Smart Traffic Lights Market By Region, From 2021-2026 ( USD Billion )
  23. Global Interface Boards Market By Region, From 2021-2026 ( USD Billion )

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