Global Integrated Traffic Systems Market Size, Growth Analysis Report, Forecast to 2027

The global integrated traffic system market is anticipated to grow at a CAGR of 8.8% during the forecast period (2021-2027). The factors such as the rising adoption of traffic management systems by major players in various cities are to drive the global integrated traffic systems market growth. For instance, in June 2020, Cubic Corp. has announced that its Cubic Transportation Systems (CTS) business division has been awarded a multimillion-dollar contract by the Yucatan State Government to install advanced traffic control technology in Merida, Mexico. Cubic collaborated with Vixionere SAPI de C.V. to install the Trafficware ATMS central transport management platform, controllers, and Transit Signal Priority program, which uses and integrates Cubic's NextBus real-time platform at all project integrations. About 50 intersections have now been equipped with Cubic's SynchroGreen Adaptive Signal Control module.

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In September 2020, Global Traffic Technologies, LLC, a traffic signal priority control systems company, has announced the launch of its smart city platform for mobility management – Opticom 360. It uses Artificial Intelligence (AI) to provide an integrated suite of fleet management applications, including vehicle location, driver performance, and a variety of options to boost productivity and safety, such as traffic signal priority control. It transforms the public sector by combining a smart city version of traffic signal priority monitoring and end-to-end fleet management capabilities on a single connected cloud network. The key features of the solution include:

Real-time vehicle and driver monitoring
End-to-end fleet management with a function that increases driver and fleet safety
Through it emergency vehicles able to request a green light, which will result in a 25% quicker response time and a 70% reduction in intersection crashes
Reduce travel time for non-emergency municipal and/or transit vehicles by allowing them to request a longer green or a shorter (opposing) red light while reducing traffic disruption.

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However, transportation is a major factor for smart cities. In India, there is around 100 smart cities project and in the further second version, it is targeting to include other cities also. Thus, the key player’s adoption of traffic management systems in various cities and also installation of a new solution for a smart city is driving the growth of the market.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Integrated Traffic Systems Market Report Segment

By Function

Traffic Control
Traffic Monitoring
Information Provisions

By Hardware

Display Boards
Sensors
Surveillance Cameras
Radars
Smart Traffic Lights
Interface Boards

By Sensors Type

Infrared Sensors
Weigh-In-Motion Sensors (Force Sensor)
Acoustic Sensors

o Road Condition Sensors

o Visibility Sensors

o thermal Mapping Sensors

o Wind Speed Sensors

o Inductive Loop Detectors

Global Integrated Traffic Systems Market Report Segment by Region

North America

US
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

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