This Global Traffic Management Systems Market study offers a comprehensive, 360 degree analysis on the Traffic Management Systems market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Traffic Management Systems market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
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In 2018, the global Traffic Management Systems market size was 1490 million US$ and it is expected to reach 2980 million US$ by the end of 2025, with a CAGR of 9.1% during 2019-2025.
Global Major Players in Traffic Management Systems Market are:
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, and Other.
Most important types of Traffic Management Systems covered in this report are:
Integrated Urban Traffic Control System
Freeway Management System
Electronic Toll Collection (ETC)
Advanced Public Transportation System
Most widely used downstream fields of Traffic Management Systems market covered in this report are:
Consultancy & Planning
Geographically, the global Traffic Management Systems market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2020 to 2025.
– North America (U.S., Canada, Mexico, etc.)
– Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
– Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
– Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
– South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)
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.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Traffic Management Systems Market
– Changing Traffic Management Systems market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Traffic Management Systems Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
The research includes historic data from 2014 to 2019 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
The study comprises a mix of data pertaining to the key restraints, drivers, competitive landscape, regulatory forces, key strategies implemented by the key players, and opportunities, expected to have a profound impact on the scope of growth of the market. A detailed analysis of these factors allows the report to present a reliable forecast regarding the future growth dynamics of the Traffic Management Systems market.
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Market Insights Reports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. Market Insights Reports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.