Harrisburg, NC -- (SBWIRE) -- 04/03/2019 -- Global Traffic Managements Market Size, Status and Forecast 2019-2025
The rising global population is increasing the number of vehicles plying on the roads, thus increasing the traffic-density and incidences of road accident. A sound traffic management system needs to be in place in every country, with industrialization speeding up. Increasing employment further boosts demand for such systems wherein the economically population can manage their time efficiently.
Traffic management systems offer real-time data and ability to analyze and respond immediately. Based on solutions, the traffic management market can be classified into five categories, namely extra low voltage (ELV) solutions, intersection controllers, full pedestrian solutions, LED signal retrofit solutions, and parking space and ticketing management solutions. Based on detection systems, the traffic management market can be segmented into three categories, namely above ground pedestrian and vehicles detection, loop detection and closed circuit televisions (CCTV), and automatic number plate recognition (ANPR) systems. Based on displays, the traffic management market can be segmented into three categories, namely variable or dynamic message signboards, vehicle information terminals, and others.
The Global Traffic Managements market is expected to grow from USD 26.7 billion in 2018 to USD 50.7 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 13.7%.
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Top Leading Companies are: IBM Corporation,GE Transportation,Cisco Systems,Kapsch TrafficCom,Swarco,Siemens,TomTom,Thales Group,Cubic,Cellint Traffic Solution,Fujitsu,Q-Free,Imtech,Kyosan Electric,SICE,Iteris,Peek traffic,E-Hualu,China ITS (Holdings),Enjoyor
The route guidance and optimization software helps in regulating traffic flows to make efficient use of the existing road infrastructures. Furthermore, it reduces the traveling time and distance for drivers. It shows the best possible route that has less traffic congestion and disruptions. It also enables drivers to get real-time information about the traffic congestion, accidents, and other such events on the roads they plan to drive on. The route guidance and optimization software uses automatic feedback controls from a real-time traffic situation. The software offers features, such as static guidance, dynamic guidance, and dynamic guidance with prediction.
Contents of the 15 Chapters for This Traffic Managements Market Study:-
Chapter 1, to describe Traffic Managements Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Traffic Managements , with sales, revenue, and price of Traffic Managements , in 2017 and 2019;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Traffic Managements, for each region, from 2013 to 2019;
Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2019;
Chapter 12, Traffic Managements market forecast, by regions, type and application, with sales and revenue, from 2019 to 2025;
Chapter 13, 14 and 15, to describe Traffic Managements sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.
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Traffic Managements Market, by Type:
Integrated Urban Traffic Control System
Freeway Management System
Electronic Toll Collection (ETC)
Advanced Public Transportation System
Other
Traffic Managements Market, by End User:
Info-mobility
Urban Traffic
Inter-Urban
Parking Management
Other
Sensors are hardware components that detect and respond to the physical parameters of an environment. They convert the physical parameters into signals that can be measured to get insights. Sensors are used in traffic management for gathering data and sending traffic safety warnings. The sensors used in traffic management systems are further segmented into 3 types, namely, vehicle detection sensors, pedestrian presence sensors, and speed sensors. Sensors play a pivotal role in controlling and managing a city's traffic. Further, they help in providing driving assistance and traffic safety warnings.
As per the geographic analysis, North America is estimated to hold the largest market share during the forecast period due to the fastest technology-adopting region. North America is one of the largest contributors to the IoT space, and this achievement can be attributed to the factor that it is technologically developed. Moreover, the startup culture in North America is growing more rapidly in comparison to the other regions. The rapid digitalization across transportation, the increasing adoption of smart connected devices, and the rising technological advancements have further fueled the growth of traffic management market in this region.
The report will make detailed analysis mainly on the development environment, Market size, development trends, operation situation and future development trends of Traffic Managements Market on the basis of current situation of the industry in 2019 so as to make full comprehension and judgment on the competitive situation of Traffic Managements Market Carrier and assist manufacturers and investment organization to better grasp the development course of Traffic Managements Market.
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Important attributes of the report:
The 360-degree Traffic Managements overview based on a global and regional level.
Market share, value, volume, and production capacity is analyzed on global, regional and country level.
A complete and useful guide for new market aspirants.
Forecast information will drive strategic, innovative and profitable business plans.
SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations.
Lastly, the research methodology and data sources are offered in this report.
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