Intelligent Traffic Management Systems Market Report Examines Upcoming Trends and Key Drivers Supporting Growth through 2017-2026

The global intelligent traffic management systems market is expected to witness a steady growth attributed to a combination of macro and microeconomic factors. Growing requirements for efficient is expected to influence the global demand of intelligent traffic management systems. This report, compiled by FactMR, provides in-depth analysis of the global intelligent traffic management systems market for the forecast period 2017-2022, and offers key insights about future market direction. The scope of FactMR’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. The report commences with a brief information of the intelligent traffic management systems market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global intelligent traffic management systems market.

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As roadway infrastructure continues to evolve, managing the traffic remains a key task that can no longer be accomplished effectively through manual operations. Technological solutions such as intelligent traffic management systems can safeguard the environment of roadways and transportation for pedestrians and commuters by managing the traffic through new methodologies. Intelligent traffic management systems can receive data from local traffic controllers, analyses and organize it on real-time basis, and informed the concerned traffic authorities for taking precise actions.

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 FactMR, global revenues accounted by sales of intelligent traffic management systems are likely to surpass US$ 25 Bn by the end of 2026.

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.

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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.

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.

Table of Content:

1. Global Intelligent Traffic Management Systems Market – Executive Summary
2. 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

Continued………………………

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