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As the urban population grows, so does traffic congestion. Traffic is a byproduct of the way modern civilization runs. The great majority of individuals in the United States, for example, utilize private automobiles for two main reasons. One reason is that mostof Americans live in smaller regions with little access to public transportation. Secondly, privately operated automobiles are both pleasant and efficient. In the United States, about 87.9 percent of people utilize private transportation, which contributes to road congestion. As income levels grow across the world, an increasing number of individuals are shifting away from slower, less costly means of transportation and toward privately owned vehicles and trucks. Progressed countries such as the United States, Germany, and the United Kingdom are launching a slew of measures to encourage people to utilize public transit. As a result, developments in the intelligent traffic management industry are likely to increase in the next years due to the necessity to upgrade the current transportation system and develop ICT systems.
The traffic control system requires a fast data speed for real-time data processing. As a result of this necessity, the infrastructure required to deploy new technologies is not expanding at the same rate. The high expense of replacing current equipment necessitates significant expenditures. Various countries' governments limit their opportunity to invest in the road network. The existence of the current infrastructure allows traffic management businesses to approach the governments of various nations to improve the traffic system and reduce traffic congestion in their country. The traffic management system also necessitates constant system and infrastructure upgrades. More investments in traffic control technologies would have an impact on the country's liquidity, impacting traffic management.
Carmakers are gradually developing the market for self-driving cars by initially selling linked and partially automated vehicles. GPS and sensor technology such as sonar and infrared are used by self-driving automobiles to perceive their surroundings. These vehicles' advanced control systems analyze sensory data to determine acceptable navigation courses, as well as blind spots, obstructions, and important signs. As driver assistance technologies become more advanced, autonomous driving is projected to rise in popularity. Several technological behemoths, such as Google and Microsoft, as well as major automakers, such as BMW, Daimler, Volkswagen, Tesla, Audi, and Volvo, are projected to release fully autonomous vehicles by 2025. ZF Friedrichshafen AG is working on an advanced urban car, an option for individual urban transportation in the small and subcompact classes. Mobility-as-a-service provides value-added traveler services by accessing the mobility payment method through a single platform rather than several tickets and payment activities. Traffic control and movement as a service are two critical solutions that can help to structure and control the system more efficiently. In the MaaS world, implementing integrated transportation traffic management allows the traffic control system to operate at maximum capacity and with an optimized mobility system that relies on multichannel, smooth, adaptable, dependable, user-friendly, cost, and ecologically responsible travel.
Data fusion is used to combine data from numerous endpoints and devices. It aids in the reduction of blind spots and complications in measurement systems. Many sensors are used in traffic control systems, including loop detectors, ultrasound waves detection systems, pedestrian detectors, and webcams. All of this generates massive volumes of data. Biosynthesis and combining all of the raw data provided by various touchpoints to acquire important traffic information such as speed, trip durations, and congestion is a tough process that might lead to structural failure. As a result, installing a multi-sensor data fusion solution that combines all recorded signals to produce a more knowledgeable atmosphere for congestion control offers a significant difficulty.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Solution
4.3.2. Market Attractiveness Analysis By Spender Type
4.3.3. Market Attractiveness Analysis By Components
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. An increase in the number of vehicles and inadequate resources
5.3. Restraints
5.3.1. Sluggish growth in the infrastructural development
5.4. Opportunities
5.4.1. Creating smart automobiles that are functional with technological advancements
5.5. Challenges
5.5.1. Data fusion is complicated by the presence of several sensors and interfaces
6. Global Intelligent Traffic Management System Market Analysis and Forecast, By Solution
6.1. Segment Overview
6.2. Traffic Monitoring System
6.3. Traffic Enforcement Cameras
6.4. Traffic Signal Control System
6.5. Intelligent Driver Information System
6.6. Integrated Corridor Management
7. Global Intelligent Traffic Management System Market Analysis and Forecast, By Spender Type
7.1. Segment Overview
7.2. Infrastructure Enterprises & PPPs
7.3. Industries & Commercial Enterprise
7.4. Federal & Provincial Government
8. Global Intelligent Traffic Management System Market Analysis and Forecast, By Components
8.1. Segment Overview
8.2. Traffic Controllers & Signals
8.3. Video Walls
8.4. Surveillance Cameras
9. Global Intelligent Traffic Management System Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Intelligent Traffic Management System Market-Competitive Landscape
10.1. Overview
10.2. Market Share of Key Players in the Intelligent Traffic Management System Market
10.2.1. Global Company Market Share
10.2.2. North America Company Market Share
10.2.3. Europe Company Market Share
10.2.4. APAC Company Market Share
10.3. Competitive Situations and Trends
10.3.1. Product Launches and Developments
10.3.2. Partnerships, Collaborations, and Agreements
10.3.3. Mergers & Acquisitions
10.3.4. Expansions
11. Company Profiles
11.1. Cubic Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Component Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Thales Group
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Component Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. SNC-Lavalin Group (Atkins)
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Component Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. General Electric Company
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Component Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. International Business Machines Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Component Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Kapsch TrafficCom
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Component Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Siemens AG
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Component Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
List of Table
1. Global Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
2. Global Traffic Monitoring System Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
3. Global Traffic Enforcement Cameras Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
4. Global Traffic Signal Control System Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
5. Global Intelligent Driver Information System Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
6. Global Integrated Corridor Management Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
7. Global Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
8. Global Infrastructure Enterprises & PPPs Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
9. Global Industries & Commercial Enterprise Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
10. Global Federal & Provincial Government Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
11. Global Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
12. Global Traffic Controllers & Signals Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
13. Global Video Walls Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
14. Global Surveillance Cameras Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
15. Global Intelligent Traffic Management System Market, By Region, 2020 to 2033 (USD Billion)
16. North America Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
17. North America Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
18. North America Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
19. U.S. Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
20. U.S. Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
21. U.S. Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
22. Canada Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
23. Canada Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
24. Canada Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
25. Mexico Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
26. Mexico Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
27. Mexico Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
28. Europe Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
29. Europe Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
30. Europe Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
31. Germany Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
32. Germany Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
33. Germany Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
34. France Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
35. France Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
36. France Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
37. U.K. Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
38. U.K. Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
39. U.K. Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
40. Italy Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
41. Italy Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
42. Italy Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
43. Spain Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
44. Spain Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
45. Spain Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
46. Asia Pacific Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
47. Asia Pacific Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
48. Asia Pacific Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
49. Japan Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
50. Japan Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
51. Japan Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
52. China Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
53. China Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
54. China Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
55. India Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
56. India Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
57. India Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
58. South America Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
59. South America Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
60. South America Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
61. Brazil Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
62. Brazil Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
63. Brazil Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
64. Middle East and Africa Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
65. Middle East and Africa Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
66. Middle East and Africa Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
67. UAE Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
68. UAE Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
69. UAE Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
70. South Africa Intelligent Traffic Management System Market, By Solution, 2020 to 2033 (USD Billion)
71. South Africa Intelligent Traffic Management System Market, By Spender Type, 2020 to 2033 (USD Billion)
72. South Africa Intelligent Traffic Management System Market, By Components, 2020 to 2033 (USD Billion)
List of Figures
1. Global Intelligent Traffic Management System Market Segmentation
2. Intelligent Traffic Management System Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Intelligent Traffic Management System Market Attractiveness Analysis By Solution
9. Global Intelligent Traffic Management System Market Attractiveness Analysis By Spender Type
10. Global Intelligent Traffic Management System Market Attractiveness Analysis By Components
11. Global Intelligent Traffic Management System Market Attractiveness Analysis By Region
12. Global Intelligent Traffic Management System Market: Dynamics
13. Global Intelligent Traffic Management System Market Share By Solution (2023 & 2033)
14. Global Intelligent Traffic Management System Market Share By Spender Type (2023 & 2033)
15. Global Intelligent Traffic Management System Market Share By Components (2023 & 2033)
16. Global Intelligent Traffic Management System Market Share by Regions (2023 & 2033)
17. Global Intelligent Traffic Management System Market Share by Company (2023)
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global intelligent traffic management system market based on below mentioned segments:
Global Intelligent Traffic Management System Market by Solution:
Global Intelligent Traffic Management System Market by Spender Type:
Global Intelligent Traffic Management System Market by Components:
Global Intelligent Traffic Management System Market by Region:
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Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
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The data procurement stage involves in data gathering and collecting through various data sources.
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The supply side for a domain specific market is analysed by:
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