Integrated Traffic Systems Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3601
Integrated Traffic Systems Market size is expected to grow significantly over the forecast period due to increasing demand for on-road safety, increase in number of vehicles in developing countries and growing urbanization across the world. The increase in government support for Intelligent Transport Systems (ITS) to enhance road safety is another factor fueling the market growth. The increase in adoption of the smart cities is helping in development of improved roadside traffic infrastructure. The technological advancements such as autonomous vehicle and Vehicle-to-Everything (V2X) connectivity is also supporting the integrated traffic systems market growth. The growing demand for traffic control and monitoring across the cities to reduce the traffic congestion across the cities is helping in growing adoption of integrated traffic systems.
Integrated traffic system improves the reduces the on-road accidents due to improved traffic control and monitoring. It helps fleet managers in improving the productivity by saving time of drivers by planning routes efficiently and providing traffic updates and predicting the time of departure and arrival. It supports transportation and logistics companies economically by reducing the consumption of fuel and idle time. This improves the fleet times and reduces the losses occurring due to delay in delivery of logistics. The integrated traffic systems improve the traffic efficiencies by significantly reducing the traffic congestions. Improved traffic efficiency helps transportation and government authorities to respond quickly in case of any emergency. The use of integrated traffic system significantly reduces the emission of airborne pollutants and carbon dioxide.
The smart traffic infrastructure involves smart surveillance cameras which reduces the crimes associated with vehicles. It helps in avoiding the illegal vehicle driving practices such as traffic violating vehicle can be tracked and penalized at the next traffic junction based on the vehicle registration number. This helps in creating a discipline in driving practices which improves the road efficiency. It improves the reliability in journey times between various locations which enables passenger with enhanced quality of road-based transportation experience. There is lack of significant standardization of communication technologies used in integrated traffic significant which can be a big restraint in integrated traffic systems market demand. The integrated traffic system requires development of high cost smart road-side infrastructure. This can be a big challenge in adoption of integrated traffic systems in developing countries.
Europe is expected to dominate the integrated traffic systems market over forecast period due to increase in number of commercial and passenger vehicle sales in the region. For instance, according to International Organization of Motor Vehicle Manufactures, in 2017, the passenger vehicle sales in Europe was 17,937,345 and commercial vehicles sales was reported 2,978,680. The Germany was leading country in vehicle sales across the Europe with 3,811,246 total vehicle sales. The existing traffic systems is not able to handle the rising on road vehicles which is resulting in growing demand of integrated traffic system in European countries such as Germany and France. The increase in government support for improving on road safety in developed countries such as the UK and Germany is also fueling the integrated traffic systems market share. For instance, in November 2018, the UK government rolled out 50 new measures to improve the road safety. These new measurements helped in enhancing road-safety across the UK.
APAC integrated traffic systems market is expected to show significant growth over the forecast period due to growing urbanization in developing countries such as India and China. According to World Bank, 57.96% of the China’s population was living in the urban areas and 33% of the Indian population was living in urban areas in 2017. The increased population in cities is increasing traffic congestion across which is propelling the demand for integrated traffic system. The government authorities in the developing countries are focusing on improving the passenger safety specially for women and children. For instance, in in February 2019, Indian Ministry of Road Transport and Highways mandated the installation of vehicle location tracking devices and emergency button for new public service vehicles registered after 1st January 2019 under rule 125H of the Central Motor Vehicle Rule 1989.
The companies are focusing on strategic acquisition for enhancing their integrated traffic systems capabilities. For instance, Cubic Corporation, an US based intelligent transportation system solution provider, acquired GRIDSMART, a camera solution provider for traffic management, to expand its intelligent traffic management solutions. This expansion helped the company in providing more reliable its traffic management solution for improving the road safety. The major players operating in integrated traffic systems market are Siemens, Kapsch Trafficcom, Cisco, SWARCO, Sumitomo Electric, LG CNS, FLIR, Cubic Corporation, Jenoptik, Iteris, Savari, EFKON, Transcore, Imtac, Citilog, Atkins, GTT, Intelvision Technologies, PTV Group and Q-Free.
Integrated Traffic Systems Market, By Offerings, 2014-2025 (USD Million)
- Traffic Monitoring
- Number Plate Recognition System
- Journey Time Measurement System
- Traffic Control
- Intelligent Traffic Lighting
- Parking Management
- Incident Detection System
- Information Provision
- Multifunctional System
- Information Communication System
- Deployment and Integration
- Support and Maintenance
Integrated Traffic Systems Market, By Hardware 2014-2025 (USD Million)
- Display boards
- Vehicle Detection Sensors
- Pedestrian Presence Sensors
- Speed Sensors
- Surveillance cameras
- Smart traffic lights
- Interface boards
The above information has been provided for the following regions and countries:
- North America
- Australia & New Zealand (ANZ)
- South Korea
- Latin America
- South Africa
- Saudi Arabia
- Siemens AG
- Kapsch TrafficCom AG
- Cisco Systems, Inc.
- SWARCO MIZAR s.r.l.
- Sumitomo Electric Industries, Ltd.
- LG CNS
- FLIR Systems
- Cubic Corporation
- Jenoptik AG
- Iteris, Inc.
- Savari, Inc.
- EFKO Management Company CJSC
- TransCore Atlantic LLC
- IMTAC LLC
- Citilog SA
- Atkins Limited
- Global Traffic Technologies, LLC (GTT)
- Intelvision Technologies Limited
- PTV AG
- Q-Free ASA
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