Global Intelligent Traffic Management System Market Projections & Opportunity Forecast during the Period 2026

Posted on 2018-06-22 by Mark Hub in Automotive, Technology // 0 Comments

Fact.MR

Rockville, US, 2018-Jun-22 — /EPR Network/ —With a prime focus on Intelligent Traffic Management System Market industry, research analysts of Fact. MR has publicized a comprehensive study to its online repository. This in-depth study is headlined as Intelligent Traffic Management Systems Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026which discusses the historic and current scenario of the global market, along with the future prospects it holds for a 6 year assessment period, 2026. For the benefit of the investors of the report, this research focuses on the drivers and restraints anticipated to impact the demand for Intelligent Traffic Management System Market in the coming years. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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Demand for Integrated Urban Traffic Control Systems to Gain Traction

According to the findings from the study, the demand for intelligent traffic management systems that facilitate an integrated control on urban traffic is expected to witness impressive growth in the upcoming years. By the end of 2026, integrated urban traffic control systems worth over US$ 7.1 Bn will be sold across the globe. Meanwhile, increasing presence of expressways to bolster interstate transportation is anticipated to propel the demand for freeway management systems. In 2017, sales of freeway management systems is likely to account for over 10% global revenues. Electronic toll collection systems, on the other hand, will register a greater share on global revenues, and will be widely adopted in North America.

Competition Tracking

Companies namely Q-Free, Cubic, Siemens, Kapsch TrafficCom, SWARCO, Imtech, Kyosan Electric, Peek Traffic, Hisense TransTech, Baokang Electronic, and Wantong Technology are anticipated to remain active in expansion of the global market for intelligent traffic management system through 2026. A majority of intelligent traffic management system developers will be focusing on increasing the data volume capacities and analysis algorithms. Some companies are also expected to integrate advanced analytics like big data for improving examination of vehicles in the event of accidents and hit & runs.

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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%.

Table of content:

Global Intelligent Traffic Management Systems Market – Executive Summary
Global Intelligent Traffic Management Systems Market Overview
2.1. Introduction
2.1.1. Global Intelligent Traffic Management Systems Market Taxonomy
2.1.2. Global Intelligent Traffic Management Systems Market Definition
2.2. Global Intelligent Traffic Management Systems Market Size (US$ Mn) and Forecast, 2012-2026
2.2.1. Global Intelligent Traffic Management Systems Market Y-o-Y Growth
2.3. Global Intelligent Traffic Management Systems Market Dynamics
2.4. Intelligent Traffic Management System Architecture
2.5. Key Projects Underway
2.6. Policy and Legislation Framework
2.7. Supply Chain
2.8. Pricing Point Assessment and Deployment Cost
2.9. Key Participants Market Presence (Intensity Map) By Region
Global Intelligent Traffic Management Systems Market Analysis and Forecast, 2012-2026
3.1. Global Intelligent Traffic Management Systems Market Size and Forecast By Product Type, 2012-2026
3.1.1. Integrated Urban Traffic Control System Market Size and Forecast, 2012-2026
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region

3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Freeway Management System Market Size and Forecast, 2012-2026
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Electronic Toll Collection System Market Size and Forecast, 2012-2026
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Tunnel Management System Market Size and Forecast, 2012-2026
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
3.1.5. Border Control System Market Size and Forecast, 2012-2026
3.1.5.1. Revenue (US$ Mn) Comparison, By Region
3.1.5.2. Market Share Comparison, By Region
3.1.5.3. Y-o-Y growth Comparison, By Region
3.1.6. Violation and Measurement Systems Market Size and Forecast, 2012-2026

Continued…………..

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