Intelligent Traffic Management Systems Market Is Expected to Represent a Value of Over US$ 25 Bn by 2026

Posted on 2018-05-11 by Mark Hub in Automotive // 0 Comments

ROCKVILLE, US, 2018-May-11 — /EPR Network/ — A freshly compiled business intelligent report, titled “Intelligent Traffic Management Systems Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Intelligent Traffic Management Systems” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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The need for intelligent traffic management systems continues to soar in the view of rising accidents and car thefts recorded across the globe. From traffic jams and equipment conditions to monitoring of speed limits across a disarray of travelling vehicles, intelligent traffic management systems perform a range of operations to regulate and control modern day traffic. The global market for intelligent traffic management systems will exhibit expansion at an impressive CAGR during the forecast period, 2017-2026. According to the recent study by Fact.MR, global revenues accounted by sales of intelligent traffic management systems are likely to surpass US$ 25 Bn by the end of 2026.

Highlights from the Report Include:

In terms of revenues, North America is expected to dominate the global market for intelligent traffic management systems in 2017 and the trend is expected to continue throughout the assessment period. In addition, the region’s market is projected to witness a sound growth over 2026. Rapid adoption of advanced traffic management solution in the U.S. and Canada is playing an important role in driving the growth of the market in the region.

On the basis of product type, the integrated urban traffic control system segment will remain highly attractive over 2026. The segment currently accounts for more than 16% share of the global market for intelligence traffic management, which is expected to increase to nearly 22% share towards the end of assessment period, expanding at a robust growth rate. This segment is set to increase at over US$ 1,000 Mn annually over the course of the forecast period.

On the basis of spennder type, the federal and provincial government segment is expected to retain its leading position over 2026. Currently, the segment commands for more 53% share of the market and is projected to exhibit an above-average CAGR between 2017 and 2026. This is primarily owing to increasing uptake of intelligence traffic management systems in public transits systems.

Based on component, the detectors & sensors segment will remain dominant in 2017 and beyond. This segment is expected surpass a market valuation of US$ 4,500 Mn by 2026-end, exhibiting a compound annual growth rate (CAGR) of 14.4%.

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Scope

The scope of Fact.MR’s report is to analyze the global intelligent traffic management systems market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Intelligent traffic management systems manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to intelligent traffic management.

Federal & Provincial Governments – High Spenders

The study further projects that largest expenditure on intelligent traffic management systems will be commissioned by federal and provincial governments. In 2017, more than half of the global intelligent traffic management system market value is anticipated to be accounted by the revenues arising from federal government spending. Infrastructure enterprises and public private partnerships (PPPs) are also expected to increase their spending on intelligent traffic management systems. By 2026, infrastructure enterprises & PPPs across the globe are expected to spend over US$ 10 Bn on adoption of intelligent traffic management systems.

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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Automotive Market Reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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