Integrated Smart Traffic Management System Market : Current Analysis and Forecast (2020-2026): Emphasis on Offerings (Traffic Monitoring, Traffic Control, Information Provision), Service Type (Deployment and Integration, Training & Consulting, Support and Maintenance), Hardware (Display Boards, Sensors, Surveillance Cameras, Smart Traffic Lights, Interface Boards, Others), Application Type (Freeway Management, Electronic Toll Collection, Tunnel Management, Road Safety & Security, Parking Management, Others) and Region/Country
- UNI4065903
- 187 Pages
- January 2020
- Automotive and Transportation
“Amongst major offering type, Traffic Monitoring holds the largest market and is expected to dominate the Global Integrated Smart Traffic Control System Market by 2026”
The market on the basis of offering is bifurcated Traffic Monitoring, Traffic Control and Information Provision. In 2018, Traffic Monitoring segment accounted for the largest share of 43.8%, Traffic Control segment is expected to witness highest CAGR growth during the forecast period. Traffic monitoring helps divert traffic away from busy or dangerous areas, preventing traffic jams and also reducing the risk of collisions.
“Deployment & Integration dominated the service segment of the global Integrated Smart Traffic Control System Market and is expected to dominate the market during the analyzed period”
Based on Service type, the global Integrated Smart Traffic Control System Market is segmented into Deployment & Integration, Training & Consulting and Support & Maintenance. In 2018, Deployment & Integration occupied the largest share and is expected to maintain its dominance throughout the forecast period 2020-2026 owing to the increased installation of smart traffic control system in traffic management infrastructure.
“Amongst hardware type, Surveillance Camera segment dominated the market”
Based on hardware, the global Integrated Smart Traffic Control System Market is fragmented into Display Boards, Sensors, Surveillance Cameras, Smart Traffic Lights, Interface Boards and Others. Surveillance Camera dominated the market in 2018, generating revenue of US$ 4.33 billion. However, smart traffic light segment is expected to grow with highest CAGR of 15.48% during the forecast period.
“Electronic Toll Collection was the major application of Integrated Smart Traffic Control System”
On the basis of application, the report segments the global Integrated Smart Traffic Control System market into Freeway Management, Electronic Toll Collection, Tunnel Management, Road Safety & Security, Parking Management and Others. In 2018, Electronic Toll Collection System accounted for largest share 42.7%, followed by Parking Management and Road Safety & Security. Freeway Management segment is expected to witness highest CAGR growth of 14.88% during the forecast period.
“North America represents as one of the largest markets of Integrated Smart Traffic Control System Market globally.”
For a deep dive analysis of the industry, the study also includes regional-level analysis for major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2018; North America dominated the market, generating revenue of US$ 4.33 billion, owing to the presence of a well-established traffic infrastructure, technological advancements, and presence of advanced products in the field of traffic control & management. However, Asia-Pacific is expected to witness highest CAGR growth of 14.37% during the analyzed period.
Competitive Landscape-Top 10 Market Players
Kapsch Traffic Com AG, Iteris, Inc., Cisco Systems, Inc., Thales Group, Cubic Corporation, TomTom, Siemens AG, EFKON GmbH, SWARCO, Inc. and IBM Corporation are some of the prominent players operating in the Global Integrated Smart Traffic Control System Market. Several M&A’s along with partnerships have been undertaken by these players to facilitate commuters with hi-tech and innovative traffic solutions.
Reasons to buy:
• Current and future market size from 2018 to 2026 in terms of value (US$)
• Combined analysis of deep dive secondary research and input from primary research through Key Opinion Leaders of the industry
• Regional level details of the overall adoption & Utilization of integrated smart traffic control system market
• A quick review of overall industry performance at a glance
• An In-depth analysis of key industry players
• A detailed analysis of drivers, restraints, key trends and opportunities prevailing in the industry
• Examination of industry attractiveness with the help of Porter’s Five Forces analysis and start ups
• The study comprehensively covers the market across different segments and sub-segments of the market
• Region Covered: North America, Europe, Asia-Pacific, Latin America and MEA (Middle East & Africa)
Customization Options:
UMI understands that you may have your own business need, hence we also provide fully customized solutions to clients. Integrated Smart Traffic Control System Market can be customized to country level or any other market segment.
1.1 Market Definition 15
1.2 Objective of the Study 15
1.3 Limitation 15
1.4 Stakeholders 16
1.5 Currency used in the Report 16
1.6 Scope of the Integrated Smart Traffic Control Systems Market Study 16
2. RESEARCH METHODOLOGY 17
2.1 Research Methodology for Integrated Smart Traffic Control Systems Market Study 17
2.1.1 Main objective of the Integrated Smart Traffic Control Systems Market Study 18
3. INDUSTRY PERFORMANCE 19
4. EXECUTIVE SUMMARY 21
5. MARKET OVERVIEW 24
5.1 Introduction 24
5.2 Market Dynamics 25
5.2.1 Market Drivers 25
5.2.1.1 Increasing Urbanization and Car Ownership 25
5.2.1.2 Increasing Concerns Related to Public Safety 28
5.2.1.2.1 Key Facts on Road traffic injuries 28
5.2.1.3 Digital and Advanced Technologies in Transportation Infrastructure 29
5.2.1.3.1 Advancements in Transportation Technology 29
5.2.1.4 Government Policies to Reduce Carbon Emissions 30
5.2.2 Market Restraints 31
5.2.2.1 Lack of Standardized and Uniform Technologies 31
5.2.2.2 Huge Capital Investments Required 31
5.2.3 Opportunity 32
5.2.3.1 Increasing Public-Private Partnerships 32
5.2.3.2 Increasing Number of Mega Cities 33
5.2.3.3 Advancements in the field of Artificial Intelligence (AI) 34
6. KEY MARKET INDICATORS 35
6.1 Demand Side Analysis 35
6.1.1 The aim of smart traffic management systems: 35
6.1.2 How do Smart traffic signals improve traffic flow? 35
6.1.2.1 Detecting congestion 36
6.1.2.2 Understanding the citizen experience 36
6.1.2.3 Road Traffic Accidents 37
6.1.2.3.1 Road Safety in 2018: The World Health Organization report 37
6.1.2.3.2 Road Safety in 2018: Main Risk Factors 37
6.2 Supply Side Analysis 38
6.2.1 Top Product launches 39
6.2.2 Top Partnerships 41
6.2.3 Top Investments 44
6.2.4 Top Acquisition and Collaborations 45
6.3 Value Chain Analysis 51
7. MARKET INSIGHTS BY OFFERING 52
7.1 General Overview 52
7.1.1 Traffic Monitoring 53
7.1.1.1 Automatic Vehicle Detection 54
7.1.1.2 Number Plate Recognition System 54
7.1.1.3 Journey Time Measurement System 56
7.1.2 Traffic Control 57
7.1.2.1 Intelligent Traffic Lightings 58
7.1.2.2 Parking Management 59
7.1.2.3 Incident Detection System 60
7.1.3 Information Provision 61
7.1.3.1 Information Communication System 62
7.1.3.2 Intelligent Driver Information System 63
8. MARKET INSIGHTS BY SERVICES 64
8.1 General Overview 64
8.1.1 Deployment and Integration 65
8.1.2 Training & Consulting 66
8.1.3 Support and Maintenance 67
9. MARKET INSIGHTS BY HARDWARE 69
9.1 General Overview 69
9.1.1 Display Boards 72
9.1.2 Sensors 74
9.1.3 Surveillance Cameras 76
9.1.3.1 Applications of Surveillance cameras in smart traffic control systems 76
9.1.4 Smart Traffic Lights 77
9.1.5 Interface Boards 79
9.1.6 Others Hardware Market 79
10. MARKET INSIGHTS BY APPLICATION 81
10.1 General Overview 81
10.1.1 Freeway Management System 82
10.1.2 Electronic Toll Collection (ETC) System 83
10.1.2.1 Example of Implemented Electronic Toll Collection (ETC) System 84
10.1.3 Tunnel Management Systems 85
10.1.4 Road Safety & Security Systems 86
10.1.5 The algorithm used by TMS 89
10.1.6 Parking Management System 90
10.1.6.1 Components of Parking Management System 90
10.2 Other Systems (Freight Management Systems & Others) 91
11. MARKET INSIGHTS BY REGION 92
11.1 General Overview 92
11.2 North America Integrated Smart Traffic Control System Market, (2018-2026) 93
11.2.1 North America Integrated Smart Traffic Control System Market, by Offering 95
11.2.2 North America Integrated Smart Traffic Control System Market, by Services 95
11.2.3 North America Integrated Smart Traffic Control System Market, by Hardware 96
11.2.4 North America Integrated Smart Traffic Control System Market, by Application 96
11.3 Europe Integrated Smart Traffic Control System Market, (2018-2026) 97
11.3.1 Europe Integrated Smart Traffic Control System Market, by Offering 100
11.3.2 Europe Integrated Smart Traffic Control System Market, by Services 100
11.3.3 Europe Integrated Smart Traffic Control System Market, by Hardware 101
11.3.4 Europe Integrated Smart Traffic Control System Market, by Application 101
11.4 Asia-Pacific Integrated Smart Traffic Control System Market, (2018-2026) 102
11.4.1 Asia-Pacific Integrated Smart Traffic Control System Market, by Offering 106
11.4.2 Asia-Pacific Integrated Smart Traffic Control System Market, by Services 106
11.4.3 Asia-Pacific Integrated Smart Traffic Control System Market, by Hardware 107
11.4.4 Asia-Pacific Integrated Smart Traffic Control System Market, by Application 107
11.5 Latin America Integrated Smart Traffic Control System Market, (2018-2026) 108
11.5.1 Latin America Integrated Smart Traffic Control System Market, by Offering 109
11.5.2 Latin America Integrated Smart Traffic Control System Market, by Services 110
11.5.3 Latin America Integrated Smart Traffic Control System Market, by Hardware 110
11.5.4 Latin America Integrated Smart Traffic Control System Market, by Application 111
11.6 Middle-East & Africa Integrated Smart Traffic Control System Market, (2018-2026) 111
11.6.1 MEA Integrated Smart Traffic Control System Market, by Offering 112
11.6.2 MEA Integrated Smart Traffic Control System Market, by Services 113
11.6.3 MEA Integrated Smart Traffic Control System Market, by Hardware 113
11.6.4 MEA Integrated Smart Traffic Control System Market, by Application 114
12. COMPETITIVE SCENARIO 115
12.1 Porter’s Five Forces Analysis 115
12.1.1 Bargaining power of Buyer 115
12.1.2 Bargaining power of the Supplier 116
12.1.3 Threat of new entrants 116
12.1.4 Availability of Substitute 116
12.1.5 Industry Rivalry 117
12.2 Integrated Smart Traffic Control System Market Share Analysis, 2018 117
13. TOP COMPANY PROFILES 120
13.1 Kapsch Traffic Com AG, Austria 120
13.1.1 Key Facts 120
13.1.2 Business Description 120
13.1.3 Key Product/Services Offerings 121
13.1.4 Growth Strategy 121
13.1.5 SWOT Analysis 122
13.1.6 Key Financials 123
13.1.6.1 Revenue Split, by Region and Segment 124
13.1.7 Recent Developments 124
13.1.7.1 Product Launches 124
13.1.7.2 Partnerships 125
13.1.7.3 Business Expansions and Investment 125
13.1.7.4 Mergers and Acquisitions 126
13.2 Iteris, Inc. 127
13.2.1 Iteris Key Facts 127
13.2.2 Business Description 127
13.2.3 Key Product/Services Offerings 127
13.2.4 Growth Strategy 128
13.2.5 SWOT Analysis 129
13.2.6 Key Financials 130
13.2.6.1 Revenue Split, by Segment 131
13.2.7 Recent Developments 131
13.2.7.1 Product Launches 131
13.2.7.2 Partnerships 131
13.2.7.3 Business Expansions and Investment 132
13.2.7.4 Mergers and Acquisitions 132
13.3 Cisco Systems, Inc. 133
13.3.1 Key Facts 133
13.3.2 Business Description 133
13.3.3 Key Product/Services Offerings 134
13.3.4 Growth Strategy 134
13.3.5 SWOT Analysis 135
13.3.6 Key Financials 136
13.3.6.1 Revenue Split 137
13.3.7 Recent Developments 137
13.3.7.1 Product Launches 137
13.3.7.2 Partnerships 138
13.3.7.3 Business Expansions and Investment 138
13.3.7.4 Mergers and Acquisitions 139
13.4 Thales Group 140
13.4.1 Key Facts 140
13.4.2 Business Description 140
13.4.3 Key Product/Services Offerings 140
13.4.4 Growth Strategy 141
13.4.5 SWOT Analysis 141
13.4.6 Key Financials 142
13.4.6.1 Revenue Split 143
13.4.7 Recent Developments 143
13.4.7.1 Product Launches 143
13.4.7.2 Partnerships 143
13.4.7.3 Business Expansions and Investment 144
13.4.7.4 Mergers and Acquisitions 144
13.5 Cubic Corporation 145
13.5.1 Key Facts 145
13.5.2 Business Description 145
13.5.3 Key Product/Services Offerings 145
13.5.4 Growth Strategy 146
13.5.5 SWOT Analysis 147
13.5.6 Key Financials 148
13.5.6.1 Revenue Split 149
13.5.7 Recent Developments 149
13.5.7.1 Product Launches 149
13.5.7.2 Partnerships 149
13.5.7.3 Business Expansions and Investment 150
13.5.7.4 Mergers and Acquisitions 151
13.6 TomTom NV 152
13.6.1 Key Facts 152
13.6.2 Business Description 152
13.6.3 Key Facts and TomTom Maps APIs 152
13.6.4 Key Product/Services Offerings 153
13.6.5 Growth Strategy 153
13.6.6 SWOT Analysis 154
13.6.7 Key Financials 155
13.6.7.1 Revenue Split 156
13.6.7.2 Financial Overview of TomTom 156
13.6.8 Recent developments 156
13.6.8.1 Product Launches 156
13.6.8.2 Business Expansion & Investments 158
13.6.8.3 Partnership (Strategic Alliance) 158
13.7 Siemens AG 160
13.7.1 Key Facts 160
13.7.2 Business Description 160
13.7.3 Key Product/Services Offerings 160
13.7.4 Growth Strategy 161
13.7.5 SWOT Analysis 161
13.7.6 Key Financials 162
13.7.6.1 Revenue Split 163
13.7.7 Recent Developments 163
13.7.7.1 Product Launches 163
13.7.7.2 Business Expansion & Investments 164
13.7.7.3 Partnership (Strategic Alliance) 165
13.7.7.4 Mergers and Acquisitions 166
13.8 EFKON GmbH 167
13.8.1 Key Facts 167
13.8.2 Business Description 167
13.8.3 Key Product/Services Offerings 167
13.8.4 Growth Strategy 169
13.8.5 Recent Developments 170
13.8.5.1 Product Launches 170
13.8.5.2 Business Expansions and Investment 170
13.9 SWARCO, Inc. 171
13.9.1 Key Facts 171
13.9.2 Business Description 171
13.9.3 Key Product/Services Offerings 171
13.9.4 Growth Strategy 175
13.9.5 Recent Developments 176
13.9.5.1 Product Launches 176
13.9.5.2 Partnerships 177
13.9.5.3 Business Expansions and Investment 177
13.10 IBM Corporation 178
13.10.1 Key Facts 178
13.10.2 Business Description 178
13.10.3 Key Product/Services Offerings 179
13.10.4 Growth Strategy 179
13.10.5 SWOT Analysis 180
13.10.6 Key Financials 181
13.10.6.1 Revenue Split 182
13.10.7 Recent Developments 182
13.10.7.1 Business Expansions and Investment 182
13.10.7.2 Mergers and Acquisitions 183
TABLE 2 Example of Cost of Installing Smart Traffic Technology, US 32
TABLE 3 Top Product Launches 39
TABLE 4 Top Partnerships 41
TABLE 5 Top Investments 44
TABLE 6 Top Acquisition and Collaborations 45
TABLE 7 Global Integrated Smart Traffic Monitoring System Market, by Region 2018-2026 (US$ Bn) 53
TABLE 8 Global Integrated Smart Traffic Control System Market, by Region 2018-2026 (US$ Bn) 58
TABLE 9 Global Integrated Smart Information Provision System Market, by Region 2018-2026 (US$ Bn) 62
TABLE 10 Global Smart Traffic Deployment and Integration service Market, by Region 2018-2026 (US$ Bn) 65
TABLE 11 Global Smart Traffic Training & Consulting service Market, by Region 2018-2026 (US$ Bn) 67
TABLE 12 Global Smart Traffic Support and Maintenance service Market, by Region 2018-2026 (US$ Bn) 68
TABLE 13 Global Integrated Smart Traffic Control System Market Size, by Hardware Type 2018-2026 (US$ Bn) 72
TABLE 14 Global Smart Traffic Display Boards Market, by Region 2018-2026 (US$ Bn) 74
TABLE 15 Global Smart Traffic Sensor Market, by Region 2018-2026 (US$ Bn) 76
TABLE 16 Global Smart Traffic Surveillance Cameras Market, by Region 2018-2026 (US$ Bn) 77
TABLE 17 Global Smart Traffic Lights Market, by Region 2018-2026 (US$ Bn) 78
TABLE 18 Global Smart Traffic Interface Boards Market, by Region 2018-2026 (US$ Bn) 79
TABLE 19 Global Smart Traffic Other Hardware Market, by Region 2018-2026 (US$ Bn) 80
TABLE 20 Global Integrated Smart Traffic Control System Market, By Application 2018-2026 (US$ Bn) 81
TABLE 21 Global Integrated Smart Freeway Management System Market, by Region 2018-2026 (US$ Bn) 83
TABLE 22 Global Integrated Smart Electronic Toll Collection (ETC) System Market, by Region 2018-2026 (US$ Bn) 85
TABLE 23 Global Integrated Smart Tunnel Management Systems Market, by Region 2018-2026 (US$ Bn) 86
TABLE 24 Global Integrated Smart Road Safety & Security Systems Market, by Region 2018-2026 (US$ Bn) 89
TABLE 25 Global Integrated Smart Parking Management System Market, by Region 2018-2026 (US$ Bn) 90
TABLE 26 Global Integrated Smart Traffic Other System Market, by Region 2018-2026 (US$ Bn) 91
TABLE 27 Global Integrated Smart Traffic Control System Market Size, By Region 2018-2026 (US$ Bn) 92
TABLE 28 North America Integrated Traffic Control System Market Size, by Hardware Type 2018-2026 (US$ Bn) 96
TABLE 29 North America Integrated Smart Traffic Control System Market, By Application 2018-2026 (US$ Bn) 96
TABLE 30 Europe Integrated Traffic Control System Market Size, by Hardware Type 2018-2026 (US$ Bn) 101
TABLE 31 Europe Integrated Smart Traffic Control System Market, By Application 2018-2026 (US$ Bn) 101
TABLE 32 Asia-Pacific Integrated Traffic Control System Market Size, by Hardware Type 2018-2026 (US$ Bn) 107
TABLE 33 Asia-Pacific Integrated Smart Traffic Control System Market, By Application 2018-2026 (US$ Bn) 107
TABLE 34 Latin America Integrated Traffic Control System Market Size, by Hardware Type 2018-2026 (US$ Bn) 110
TABLE 35 Latin America Integrated Smart Traffic Control System Market, By Application 2018-2026 (US$ Bn) 111
TABLE 36 MEA Integrated Traffic Control System Market Size, by Hardware Type 2018-2026 (US$ Bn) 113
TABLE 37 MEA Integrated Smart Traffic Control System Market, By Application 2018-2026 (US$ Bn) 114
TABLE 38 Kapsch Traffic Com AG, Key Facts 120
TABLE 39 Product Segmentation of Kapsch Traffic Com AG 121
TABLE 40 Kapsch Traffic Com AG, Inc. Growth Strategy 121
TABLE 41 Kapsch Traffic Com AG, Product Launches 124
TABLE 42 Kapsch Traffic Com AG Vienna, Austria, Inc. Partnerships 125
TABLE 43 Kapsch Traffic Com AG, Business Expansions, Investment and Divestitures 125
TABLE 44 Kapsch Traffic Com AG Austria, Inc. Mergers and Acquisitions 126
TABLE 45 Iteris, Inc. Key Facts 127
TABLE 46 Product Segmentation of Iteris, Inc. 127
TABLE 47 Iteris, Inc. Growth Strategy 128
TABLE 48 Iteris, Inc. Product Launches 131
TABLE 49 Iteris United States, Inc. Partnerships 131
TABLE 50 Iteris, Inc. Business Expansions, Investment and Divestitures 132
TABLE 51 Iteris, Inc. Mergers and Acquisitions 132
TABLE 52 Cisco Systems, Inc. Key Facts 133
TABLE 53 Product Segmentation of Cisco Systems 134
TABLE 54 Cisco Systems Inc., Growth Strategy 134
TABLE 55 Cisco Systems Inc., Product Launches 137
TABLE 56 Cisco Systems Inc., Partnerships 138
TABLE 57 Cisco Systems Inc., Business Expansions, Investment and Divestitures 138
TABLE 58 Cisco Systems Inc., Mergers and Acquisitions 139
TABLE 59 Thales Group, Key Facts 140
TABLE 60 Product segmentation of Thales Group 140
TABLE 61 Thales Group, Growth Strategy 141
TABLE 62 Thales Group, Product Launches 143
TABLE 63 Thales Group, Partnerships 143
TABLE 64 Thales Group, Inc. Business Expansions, Investment and Divestitures 144
TABLE 65 Thales Group, Inc. Mergers and Acquisitions 144
TABLE 66 Cubic Corporation, Key Facts 145
TABLE 67 Product segmentation of Cubic Corporation 145
TABLE 68 Cubic Corporation, Growth Strategy 146
TABLE 69 Cubic Corporation, Product Launches 149
TABLE 70 Cubic Corporation, Partnerships 149
TABLE 71 Cubic Corporation, Business Expansions, Investment and Divestitures 150
TABLE 72 Cubic Corporation, Mergers and Acquisitions 151
TABLE 73 TomTom Key Facts 152
TABLE 74 Products Segmentation of TomTom 153
TABLE 75 TomTom Growth Strategy 153
TABLE 76 TomTom Product Launches 156
TABLE 77 TomTom Business Expansions & Investments 158
TABLE 78 TomTom Partnership (Strategic Alliance) 158
TABLE 79 Siemens AG Key Facts 160
TABLE 80 Product Segmentation of Siemens AG 160
TABLE 81 Siemens AG Growth Strategy 161
TABLE 82 Siemens AG Product Launches 163
TABLE 83 Siemens AG Business Expansions & Investments 164
TABLE 84 Siemens AG Partnership (Strategic Alliance) 165
TABLE 85 Siemens AG Mergers & Acquisitions 166
TABLE 86 EFKON GmbH, Key Facts 167
TABLE 87 Product segmentation of EFKON GmbH 167
TABLE 88 EFKON GmbH, Growth Strategy 169
TABLE 89 EFKON GmbH, Product Launches 170
TABLE 90 EFKON GmbH, Business Expansions, Investment and Divestitures 170
TABLE 91 SWARCO, Inc. Key Facts 171
TABLE 92 Product segmentation of SWARCO, Inc. 171
TABLE 93 SWARCO, Inc. Growth Strategy 175
TABLE 94 SWARCO, Inc. Product Launches 176
TABLE 95 SWARCO, Inc. Partnerships 177
TABLE 96 SWARCO, Inc. Business Expansions, Investment and Divestitures 177
TABLE 97 IBM Corporation Key Facts 178
TABLE 98 Product Segmentation of IBM Corporation 179
TABLE 99 IBM Corporation Growth Strategy 179
TABLE 100 IBM Corporation, Business Expansions, Investment and Divestitures 182
TABLE 101 IBM Corporation, Mergers and Acquisitions 183
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