Traffic Management Systems Market Growth Analysis 2024

(EMAILWIRE.COM, February 28, 2019 ) Traffic management systems refer to the IT solutions provided by vendors to improve the traffic flow and enhance passenger safety. The traffic management systems consume data from disparate sources such as road sensors, CCTV cameras, and traffic control centers. The systems process these data and generate useful information, which is passed on to end-users such as passengers, traffic control agencies, and police stations. Traditionally, traffic management systems helped to save time and reduce wastage of fuel by reducing

traffic congestion. However, with the advances in communication technologies and the internet, the traffic management systems now help users in more widely applications by building a whole traffic networking.

Scope of the Report:

With the rising population and vehicles, traffic safety has become increasingly important, which drives the demand for traffic management systems growing.

From 2010 to 2014, due to the intellectualization of traffic management systems, global traffic management systems industry developed fast with near 13.5~17.5% growth rate. As for China, because of the late start, traffic management systems industry has experienced an explosive growth, the growth rate is higher than 17.5% and average growth rate reached to 20%.
In the next years, it is estimated that traffic management systems industry will continue developing rapidly and the global revenue will reach to near 9.5 billion USD, while the same data will be 4.3 billion USD in China.

Due to the high opportunities in the R&D and sales of traffic management systems, in the future, there will be more and more investors entering into this industry.

Competition becomes more intense in traffic management systems industry, and providers will face the high risk of further price and gross margin decline in the future.

The global Traffic Management Systems market is valued at 1490 million USD in 2018 and is expected to reach 2520 million USD by the end of 2024, growing at a CAGR of 9.2% between 2019 and 2024.

The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Traffic Management Systems.

This report studies the Traffic Management Systems market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Traffic Management Systems market by product type and applications/end industries.

Market Segment by Companies, this report covers:
Kapsch TrafficCom, SWARCO, Siemens, TomTom, THALES, IBM, Cubic, Fujitsu, Q-Free, Imtech, Kyosan Electric, SICE, Iteris, Peek traffic, E-Hualu, China ITS (Holdings), ENJOYOR, Datang Telecom, Wantong Technology, Hisense TransTech, China Shipping Network Technology, Dahua Technology, HIKVISION, Baokang Electronic

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Market Segment by Type, covers
Integrated Urban Traffic Control System
Freeway Management System
Electronic Toll Collection (ETC)
Advanced Public Transportation System
Others

Market Segment by Applications, can be divided into
Urban Traffic
Inter-Urban
Parking Management
Info-mobility
Public Transport
Freeway
Consultancy & Planning

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Table of Content
1 Traffic Management Systems Market Overview
2 Manufacturers Profiles
2.1 Kapsch TrafficCom
2.1.1 Business Overview
2.1.2 Traffic Management Systems Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Kapsch TrafficCom Traffic Management Systems Revenue, Gross Margin and Market Share (2017-2018)
2.2 SWARCO
2.2.1 Business Overview
2.2.2 Traffic Management Systems Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 SWARCO Traffic Management Systems Revenue, Gross Margin and Market Share (2017-2018)
2.3 Siemens
2.3.1 Business Overview
2.3.2 Traffic Management Systems Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 Siemens Traffic Management Systems Revenue, Gross Margin and Market Share (2017-2018)
3 Global Traffic Management Systems Market Competition, by Players
4 Global Traffic Management Systems Market Size by Regions
5 North America Traffic Management Systems Revenue by Countries
6 Europe Traffic Management Systems Revenue by Countries
7 Asia-Pacific Traffic Management Systems Revenue by Countries
8 South America Traffic Management Systems Revenue by Countries
9 Middle East and Africa Revenue Traffic Management Systems by Countries
10 Global Traffic Management Systems Market Segment by Type
11 Global Traffic Management Systems Market Segment by Application
12 Global Traffic Management Systems Market Size Forecast (2019-2024)