Traffic Management Systems Market

Traffic management systems refer to the IT solutions provided by vendors to improve the traffic flow and enhance passenger safety. The traffic management systems consume data from disparate sources such as road sensors, CCTV cameras, and traffic control centers. The systems process these data and generate useful information, which is passed on to end-users such as passengers, traffic control agencies, and police stations. Traditionally, traffic management systems helped to save time and reduce wastage of fuel by reducing traffic congestion. However, with the advances in communication technologies and the internet, the traffic management systems now help users in more widely applications by building a whole traffic networking.

Traffic Management Systems Market contains market size and forecasts of Traffic Management Systems in Global, including the following market information:

Global Traffic Management Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Traffic Management Systems market was valued at 2202 million in 2021 and is projected to reach US$ 3950.6 million by 2028, at a CAGR of 8.7% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Integrated Urban Traffic Control System Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Traffic Management Systems include Kapsch TrafficCom, SWARCO, Siemens, TomTom, THALES, IBM, Cubic, Fujitsu and Q-Free, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Traffic Management Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Traffic Management Systems Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Traffic Management Systems Market Segment Percentages, by Type, 2021 (%)

Integrated Urban Traffic Control System

Freeway Management System

Electronic Toll Collection (ETC)

Advanced Public Transportation System

Others

Global Traffic Management Systems Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Traffic Management Systems Market Segment Percentages, by Application, 2021 (%)

Urban Traffic

Inter-Urban

Parking Management

Info-mobility

Public Transport

Freeway

Consultancy and Planning

Global Traffic Management Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Traffic Management Systems Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Traffic Management Systems revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Traffic Management Systems revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Kapsch TrafficCom

SWARCO

Siemens

TomTom

THALES

IBM

Cubic

Fujitsu

Q-Free

Imtech

Kyosan Electric

SICE

Iteris

Peek traffic

E-Hualu

China ITS (Holdings)

ENJOYOR

Datang Telecom

Wantong Technology

Hisense TransTech

China Shipping Network Technology

Dahua Technology

HIKVISION

Baokang Electronic