5/31/2021 Intelligent Traffic Management System Market | Industry Report, 2025

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Intelligent Traffic Management System Market Size, Share & Trends Analysis Report By Solution (Traffic Monitoring
Solution, Intelligent Driver Information System), By Region, And Segment Forecasts, 2019 - 2025

Published Date: Jun, 2019 Base Year for Estimate: 2018 Report ID: GVR-2-68038-907-4 Format: Electronic (PDF) Historical Data: 2015 - 2017

Number of Pages: 110

Report Summary

Table of Contents

Segmentation

Methodology

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Report Overview
The global intelligent traffic management system market size was valued at USD 8.2 billion in 2018 and is anticipated to witness significant growth over the
f0recast period. Increasing road congestion due to the presence of many vehicles, coupled with supportive government initiatives to implement smart
cities, is anticipated to be the primary factor for the growth of the smart traffic management system market.

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One of the key issues caused by road congestion is air pollution. The implementation of intelligent systems makes traffic monitoring easy, thereby reducing
harmful emissions, which is expected to positively impact the growth of the market. An advanced traffic management system (ATMs) is one of the integral
parts of a smart city. Rapid urbanization and the increasing population in developing countries are expected to influence the demand for intelligent traffic
solutions. Additionally, the rapid adoption of the fourth industrial revolution is anticipated to boost the growth of smart cities, which, in turn, will fuel the
demand for these solutions, including traffic management.

Demand for ATMS is anticipated to grow substantially over the forecast period due to the growing need for smart transportation solutions to reduce
commute time and improve vehicle and pedestrian safety. For instance, Dubai, one of the leading cities in Middle East and Africa, has joined hands with
Hyperloop One Inc., a U.S.-based transportation solutions provider, to transform the city’s transport and mobility technology. Improving road infrastructure,
coupled with increasing demand for self-driven cars for traffic management, is expected to boost the market growth.
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Technological advancements and continuous research to connect the cars to ATMs in order to get accurate real-time data about road congestion while
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driving is increasing. Such initiatives are expected to boost the demand for these solutions. However, high capital investment is one of the major factors
that may hinder the market growth. Lack of education among the population about such initiatives and usage is another factor that may obstruct market

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growth.

Solution Insights

Traffic monitoring solutions accounted for the largest share of 22.4% in 2018. Demand for these solutions is increasing in developing countries like
Vietnam and India, where there is a mixed vehicle flow involving motor-cycles, buses, and heavy transport vehicles. The rise in disposable income of the
population in these countries is expected to increase the purchase of vehicles for the personal commute. This is, in turn, expected to increase the demand
for an efficient traffic control system. This system not only monitors traffic but also helps in maintaining traffic rules and regulations. This will improve road
safety and boost the smart traffic management system market demand.

Intelligent driver information system (IDIS) is expected to witness the fastest growth from 2019 to 2025. This system was first introduced by Volvo in 2003
to serve numerous purposes like assisting the driver and improving safety. However, due to technological advancements, IDIS now provides various other
features like collision warning with auto brake. This is a very important feature pertaining to the risk of road accidents. Another remarkable feature of IDIS
is adaptive cruise control (ACC), which adapts the vehicle’s speed with respect to the vehicle’s speed in front. This will improve road safety by reducing the
risk of collisions. Such remarkable features are expected to significantly boost ITMS market demand.

Integrated corridor management is another effective technology propelling the market demand for ATMS. It is an effective way to reduce road congestion
and enhance safety by diverting traffic to unused parallel routes, thus smoothening the vehicle flow and saving time. Traffic control and traffic enforcement
camera are the solutions that can help control vehicle flow, increase safety, and provide constant vigilance over the signal lights and lawbreakers.

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

 Competitive benchmarking

 Historical data & forecasts

 Company revenue shares

 Regional opportunities

 Latest trends & dynamics

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Click on image to enlarge

Regional Insights

North America occupied the largest share of 40.0% in 2018. Demand in the region was majorly driven by U.S. Rapid adoption of IoT (/industry-analysis/iot-
market) and Industry 4.0 has contributed to the market growth in this region. The U.S. alone occupied more than 80.0% share in the North America market.

The growing need for real-time data among drivers and passengers is the key factor driving the demand for ITMS (/industry-analysis/north-america-
intelligent-traffic-management-system-itms-market) in the country. These solutions help in curbing air pollution by reducing the consumption of fuel and
preventing cars from remaining idle in one position. This system provides real-time data about traffic, accident, and vehicular congestion, thereby improving
travel time.

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Asia Pacific is expected to register the fastest CAGR of 16.5% over the forecast period. Rapid urbanization, increasing population, and rising awareness
regarding intelligent systems are anticipated to propel market growth. The rise in disposable income is expected to increase the purchase of four-wheelers
in the projected period. This will propel the market demand for traffic management solutions to solve traffic congestion problems.

Additionally, continuous research and development are carried out in countries like India, China, and Australia to implement effective intelligent traffic
management solutions. The rapid increase in the development of artificial intelligence (/industry-analysis/artificial-intelligence-ai-market) and other related
technologies is expected to fuel research in traffic management solutions, thereby increasing market demand in the forecast period.

Central and South America and Middle East and Africa are expected to witness substantial growth owing to government support. For instance, as a part of
UAE’s strategy to adopt the Fourth Industrial Revolution, Dubai will be implementing an integrated traffic system powered by AI, which will be operational
ahead of World Expo 2020. Such similar initiatives are expected to propel market growth in the projected period. 

Key Companies & Market Share Insights

The global market is highly competitive due to the presence of global players like Siemens, Cisco, and Hitachi. Key industry competitors include Siemens
AG, Cubic Corporation, Kapsch TrafficCom AG, Q-Free ASA, and TomTom. Major industry participants are investing in R&D activities to develop sustainable,
market-oriented solutions, and systems with an innovative edge. Moreover, companies are relying on acquisitions and partnerships to strengthen their
position in the market. For instance, in January 2019, Cubic Corporation acquired GRIDSMART Technologies, Inc. in order to expand ITMS offerings.

Intelligent Traffic Management System Market Report Scope

Report Attribute Details

Market size value in 2020 USD 10.11 billion

Revenue forecast in 2025 USD 18.23 billion

Growth Rate CAGR of 12.0% from 2019 to 2025

Base year for estimation 2018

Historical data 2015 - 2017

Forecast period 2019 - 2025

Quantitative units Revenue in USD million/billion and CAGR from 2019 to 2025

Revenue forecast, company ranking, competitive landscape, growth factors, and

Report coverage
trends

Segments covered Solution, region

Regional scope North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope U.S.; Germany; China; Brazil; UAE

Siemens; Cisco; Hitachi; Cubic Corporation; Kapsch TrafficCom AG; Q-Free ASA;
Key companies profiled
TomTom

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of the sub-segments
from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global intelligent traffic management system market report on
the basis of solution and region:

 Solution Outlook (Revenue, USD Million, 2015 - 2025)

Traffic Monitoring System

Traffic Signal Control System

Traffic Enforcement Camera

Integrated Corridor Management

Intelligent Driver Information System

Other

Regional Outlook (Revenue, USD Million, 2015 - 2025)

North America

The U.S.

Europe

Germany

Asia Pacific

China

Central & South America

Brazil

Middle East & Africa

UAE

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