New Report Explores Hottest Trends in Traffic Management Systems Market 2021-2025: Global Key Vendors - TomTom, Thales, IBM, Cubic, Fujitsu, SWARCO, Siemens, Q-Free, Imtech
This report provides in-depth study of “Global Traffic Management Systems Market 2021” using SWOT analysis i.e. Strength, Weakness, Opportunities, and Threat to the organization. The Traffic Management Systems Market report also provides an in-depth survey of key players in the market organization.
The Global Traffic Management Systems Market has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Traffic Management Systems market size to maintain the average annual growth rate of 7.80% from US$ 3684.0 Million in 2015 to US$ 4615.0 Million in 2019, market analysts believe that in the next few years, Traffic Management Systems market size will be further expanded, we expect that by 2025, The market size of the Traffic Management Systems will reach US$ 5892.0 Million.
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Some of the most significant key factors driving the growth of the Global Traffic Management Systems Market are increasing urbanization, rapid growth in the industrialization and increasing investments and initiatives by various governments and companies across the globe supporting the development of traffic control and management infrastructure.
Regionally, Europe is estimated to lead and dominate the Traffic Management Systems Market during the forecast period. Large-scale investments in smart city and smart transportation projects, and the demand for upgrades in traffic control and management mechanisms are considered to be the major drivers for the Traffic Management Systems Market in the region. Asia-Pacific is the fastest growing region in the Global Traffic Management Systems Market. Increasing urbanization in Asia-Pacific countries has resulted in a traffic gridlock. The need for minimizing such traffic congestions using better traffic control and management in Asia-Pacific economies such as India and China, government initiatives, and investments supporting smart city projects are estimated to drive the demand for the Traffic Management Systems Market in the Asia-Pacific region.
Global Key Vendors:
1 Kapsch TrafficCom
11 Kyosan Electric
14 Peek traffic
16 China ITS (Holdings)
18 Datang Telecom
19 Wantong Technology
20 Hisense TransTech
21 China Shipping Network Technology
22 Dahua Technology
24 Baokang Electronic and More………………….
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Product Type Segmentation
1 Integrated Urban Traffic Control System
2 Freeway Management System
3 Electronic Toll Collection
4 Advanced Public Transportation System
1 Urban Traffic
2 Parking Management
3 Public Transport
International Business News:
TomTom (March 25, 2021) - TomTom’s Cloud-Native In-Dash Navigation has Arrived - TomTom (TOM2), the leading independent location technology specialist, today announced the arrival of TomTom Navigation for Automotive, a cloud-native hybrid navigation solution developed for the automotive industry.
TomTom’s navigation is used by more automakers than any other. The latest iteration is cloud-native and able to take advantage of super-fast and up-to-date routing, search and fresh maps, while still offering a fully functional offline mode. When no data connection is available, the solution switches to its onboard software and maps, making it available under all circumstances.
“With cloud delivery at the heart of the new TomTom Navigation for Automotive, we have combined the safety and comfort of an in-dash system with the always up-to-date and super-fast experience of a smartphone app,” said Antoine Saucier, Managing Director, TomTom Automotive.
Drivers will enjoy a new user interface designed around our principles of safety and ease-of-use. The intuitive interface can be displayed on the center stack, cluster screen, head-up display (HUD) and passenger screens in different sizes and aspect ratios. This integrated approach means important information such as turn-by-turn and lane-level navigation instructions, as well as traffic and hazard warnings can be projected on the vehicle’s HUD or cluster screen, increasing driver safety and comfort. The driver can also interact directly with TomTom’s navigation via easy-to-use voice assistance from Amazon Alexa, Cerence or Houndify.
TomTom’s next-generation navigation can be integrated with vehicle sensors, enabling it to display vital information linked to advanced driver assistance systems and refueling or recharging needs. Dynamic range mapping helps drivers to visualize their vehicle’s range – especially important for electric vehicles. If the predicted range is insufficient to make it to the selected destination, the driver is alerted to find a charging location and provided with a cost comparison of the available charging points that are on route and within range. The chosen charging point is then added as waypoint to the driver’s destination.
Antoine Saucier added, “We continue to strive for safer roads, easier driving and cleaner air. TomTom’s new full-stack in-dash navigation is ready today to harness the capabilities of the automated and electric vehicles of tomorrow.”
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Major Points in Table of Contents:
Global Traffic Management Systems Market Report 2021
1 Traffic Management Systems Product Definition
2 Global Traffic Management Systems Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Traffic Management Systems Shipments
2.2 Global Manufacturer Traffic Management Systems Business Revenue
2.3 Global Traffic Management Systems Market Overview
3 Manufacturer Traffic Management Systems Business Introduction
3.1 Kapsch TrafficCom Traffic Management Systems Business Introduction
3.2 SWARCO Traffic Management Systems Business Introduction
3.3 Siemens Traffic Management Systems Business Introduction
3.4 TomTom Traffic Management Systems Business Introduction
3.5 THALES Traffic Management Systems Business Introduction
3.6 IBM Traffic Management Systems Business Introduction
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