openPR Logo
Press release

Global Intelligent Traffic Management Systems Market Prospects & Upcoming Trends and Opportunities Analyzed for Coming Years wih Competition Tracking - Q-Free, Cubic, Siemens, Kapsch TrafficCom, SWARCO, Imtech, Kyosan Electric, Peek Traffic, Hisense Trans

11-22-2018 08:20 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

As roadway infrastructure continues to evolve, managing the traffic remains a key task that can no longer be accomplished effectively through manual operations. Technological solutions such as intelligent traffic management systems can safeguard the environment of roadways and transportation for pedestrians and commuters by managing the traffic through new methodologies. Intelligent traffic management systems can receive data from local traffic controllers, analyse and organize it on real-time basis, and informed the concerned traffic authorities for taking precise actions.

Claim Sample Report For FREE- https://www.factmr.com/connectus/sample?flag=S&rep_id=319

A recent report published by Fact.MR projects that the global intelligent traffic management system market will reach a valuation of US$ 31,692 Mn by 2026-end. Shifting focus towards improving road networks in expected to reflect favorably on the global market. Moreover, increasing need for technologies that can effectively manage and monitor high-speed mobility is creating greater scope of application of intelligent traffic management systems. A technology as such can effectively ensure passenger safety and address some of grave issues of traffic management. In highways and busy roads, it is extremely important to install advanced traffic management systems to monitor various the traffic activities.

Highlights from the Report Include:

In terms of revenues, North America is expected to dominate the global market for intelligent traffic management systems in 2017 and the trend is expected to continue throughout the assessment period. In addition, the region’s market is projected to witness a sound growth over 2026. Rapid adoption of advanced traffic management solution in the U.S. and Canada is playing an important role in driving the growth of the market in the region.
On the basis of product type, the integrated urban traffic control system segment will remain highly attractive over 2026. The segment currently accounts for more than 16% share of the global market for intelligence traffic management, which is expected to increase to nearly 22% share towards the end of assessment period, expanding at a robust growth rate. This segment is set to increase at over US$ 1,000 Mn annually over the course of the forecast period.
On the basis of spennder type, the federal and provincial government segment is expected to retain its leading position over 2026. Currently, the segment commands for more 53% share of the market and is projected to exhibit an above-average CAGR between 2017 and 2026. This is primarily owing to increasing uptake of intelligence traffic management systems in public transits systems. 

Based on component, the detectors & sensors segment will remain dominant in 2017 and beyond. This segment is expected surpass a market valuation of US$ 4,500 Mn by 2026-end, exhibiting a compound annual growth rate (CAGR) of 14.4%.

View Full Report with Table of Content - https://www.factmr.com/report/319/intelligent-traffic-management-systems-market

Demand for Integrated Urban Traffic Control Systems to Gain Traction

According to the findings from the study, the demand for intelligent traffic management systems that facilitate an integrated control on urban traffic is expected to witness impressive growth in the upcoming years. By the end of 2026, integrated urban traffic control systems worth over US$ 7.1 Bn will be sold across the globe. Meanwhile, increasing presence of expressways to bolster interstate transportation is anticipated to propel the demand for freeway management systems. In 2017, sales of freeway management systems is likely to account for over 10% global revenues. Electronic toll collection systems, on the other hand, will register a greater share on global revenues, and will be widely adopted in North America.

Federal & Provincial Governments – High Spenders

The study further projects that largest expenditure on intelligent traffic management systems will be commissioned by federal and provincial governments. In 2017, more than half of the global intelligent traffic management system market value is anticipated to be accounted by the revenues arising from federal government spending. Infrastructure enterprises and public private partnerships (PPPs) are also expected to increase their spending on intelligent traffic management systems. By 2026, infrastructure enterprises & PPPs across the globe are expected to spend over US$ 10 Bn on adoption of intelligent traffic management systems.

Competition Tracking

Companies namely Q-Free, Cubic, Siemens, Kapsch TrafficCom, SWARCO, Imtech, Kyosan Electric, Peek Traffic, Hisense TransTech, Baokang Electronic, and Wantong Technology are anticipated to remain active in expansion of the global market for intelligent traffic management system through 2026. A majority of intelligent traffic management system developers will be focusing on increasing the data volume capacities and analysis algorithms. Some companies are also expected to integrate advanced analytics like big data for improving examination of vehicles in the event of accidents and hit & runs.

Intelligent Traffic Management Systems Market Report is available for Purchase - https://www.factmr.com/checkout/319/S

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market Insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Follow Us on Linkedin: https://www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Intelligent Traffic Management Systems Market Prospects & Upcoming Trends and Opportunities Analyzed for Coming Years wih Competition Tracking - Q-Free, Cubic, Siemens, Kapsch TrafficCom, SWARCO, Imtech, Kyosan Electric, Peek Traffic, Hisense Trans here

News-ID: 1391094 • Views:

More Releases from Fact.MR

Rapid Expansion Expected in Tracheal Stents Market, Projected to Reach US$ 272 Million by 2033 with 8% CAGR
05-06-2024 | Health & Medicine
Fact.MR
Rapid Expansion Expected in Tracheal Stents Market, Projected to Reach US$ 272 M …
The global tracheal stents market (気管ステント市場), valued at US$ 126 million in 2023, is anticipated to surge to US$ 272 million by 2033. Tracheal stents, utilized to stabilize surgical reconstructions of the larynx or trachea and prevent lumen collapse, are known as laryngeal and tracheal stents. These stents are crucial post-surgery, especially after anterior or posterior splitting of the cricoid plate, with or without cartilage implantation, aiding in maintaining structural
Infant Nutritional Premix Market Forecasted to Achieve US$ 438.6 Million by 2033, with 6.1% CAGR
05-06-2024 | Food & Beverage
Fact.MR
Infant Nutritional Premix Market Forecasted to Achieve US$ 438.6 Million by 2033 …
According to Fact.MR, the global infant nutritional premixes market is expected to reach US$ 438.6 million by 2033, from its current value of US$ 242.6 million in 2023. Infant nutritional premix sales are expected to grow globally at a compound annual growth rate (CAGR) of 6.1% between 2023 and 2033. The goal of infant nutritional premixes, also referred to as customized nutritional blends, is to raise the total nutrient content of
Vegetable Oils Market Anticipates US$ 336 Billion Valuation by 2032, Driven by 4.6% CAGR
05-06-2024 | Food & Beverage
Fact.MR
Vegetable Oils Market Anticipates US$ 336 Billion Valuation by 2032, Driven by 4 …
The vegetable oils market is expected to grow at a compound annual growth rate (CAGR) of 4.6% through 2032, from its current valuation of US$ 214 billion in 2022 to US$ 336 billion by the end of 2032. The mechanical extraction procedure, along with several other extraction methods including solvent extraction and hydrogenation deodorization, are seeing a surge in growth prospects due to their industrial applications. Manufacturers can expand their production
Vegan Baking Mix Market Set for Remarkable Growth, Expected to Surpass US$ 168 Billion by 2033 at 5.3% CAGR
05-06-2024 | Food & Beverage
Fact.MR
Vegan Baking Mix Market Set for Remarkable Growth, Expected to Surpass US$ 168 B …
According to a recent business analysis by Fact.MR, the vegan baking mixes market was estimated to be worth US$ 960 million worldwide in 2022. By the end of 2033, it is predicted that sales of vegan baking mixes would have grown at a compound annual growth rate (CAGR) of 5.3% to US$ 1.68 billion. An ingredient is referred to as vegan if it contains no animal products at all. It is

All 5 Releases


More Releases for Traffic

Traffic and Road Signs Market 2022 Statistics, Trend & Growth Forecast To 2028 | …
" The Traffic and Road Signs global market is thoroughly researched in this report, noting important aspects like market competition, global and regional growth, market segmentation and market structure. The report author analysts have estimated the size of the global market in terms of value and volume using the latest research tools and techniques. The report also includes estimates for market share, revenue, production, consumption, gross profit margin, CAGR, and other
Traffic Signs Market Competitive Insights and Precise Outlook 2022 – USA Traff …
This Global Traffic Signs Market Report 2022 aims at providing an overview of competitive developments such as novel product releases, acquisitions and agreements in the market. It discusses key factors, which enhance market drivers, growth and upcoming challenges. It functions as a prospective source for business participants as well as stakeholders to attain the upper hand. Industry analysis individual growth advancements are two most significant factors captured in this study
Global Traffic Signs Market 2019  Segmented by Types, Applications, End Users, …
Global Traffic Signs Market Research Report 2019 to 2024 segmented by product type, applications and offers complete Traffic Signs details including recent trends, Traffic Signs statistics, and growth factors. An in-depth study of leading Traffic Signs market players, supply chain scenario, business strategies and Traffic Signs development scenario is presented in this report. Various factors like Traffic Signs growth scenario, value chain analysis, deployment status and Traffic Signs industry landscape
Solar Traffic Signs Market Growth Prediction 2019 ( Solar Traffic Controls, Sola …
Global Solar Traffic Signs Market 2019 Research Report Recently published by Market.Biz that is Categories in the Automotive industry. It conveys best research report of key players, competitive analysis, margin rate, Region wise sale analysis of global Solar Traffic Signs industry. The report covers inclusive details of distinct segments like product or service type, applications based on regional marketplaces. The global Solar Traffic Signs market research report provides a deep determination
Global Traffic Sign Recognition Systems Market Trend, Traffic Sign Recognition S …
ReportsMonitor.com has added Global Traffic Sign Recognition Systems Market Professional Survey Report 2017 This report studies Traffic Sign Recognition Systems Market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 20Traffic Sign Recognition Systems. This report focuses on top manufacturers in global Traffic Sign Recognition Systems Market, with production, price, revenue and
Global Traffic Sign Market 2017 - USA Traffic Signs, Swarco Traffic, Novelis, Mc …
Traffic Sign Market Research Report A market study based on the " Traffic Sign Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Traffic Sign Market 2017’. The research report analyses the historical as well as present performance of the worldwide Traffic Sign industry, and makes predictions on the future status of Traffic Sign market on the basis of this analysis. Request For Sample