Press release
North America to be the Leading Market for Intelligent Traffic Management System Over 2026
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.For detailed insights on enhancing your product footprint, request for a sample here - https://www.factmr.com/connectus/sample?flag=S&rep_id=319
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.
Traffic regulatory bodies in various countries are introducing guidelines directed towards monitoring traffic movements proactively. Use of such cutting-edge traffic management systems also provisions quicker reactive measures to reduce the impact of unavoidable disasters. Companies are actively focusing on developing more comprehensive set of systems used for effective information apprehension and dissemination to passenger and drivers for safe and secure road travel. In addition, increasing investments in research & development programs is leading to introduction of superior intelligent traffic management systems.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=319
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.
• 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%.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/319
Segmentation
Based on product type, the intelligent traffic management systems market is segmented into:
• Integrated Urban Traffic Control System
• Variable / Dynamic Message Signs
• Emergency Response Systems
• Border Control System
• Electronic Toll Collection System
• Parking Management System
• Violation and Measurement Systems
• Tunnel Management System
• Freeway Management System
• Other Systems
On the basis of spender type, the intelligent traffic management systems market is segmented into:
• Infrastructure Enterprises & PPPs
• Federal and Provincial Government
• Industries & Commercial Enterprise
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/08/27/1907186/0/en/Europe-s-Share-in-Vocational-Trucks-Market-to-Exceed-22-by-2019-End-Reveals-Fact-MR.html
Competition Tracking
Leading players profiled in Fact.MR’s report include Cubic, Q-Free, Siemens, Kapsch TrafficCom, Imtech, SWARCO, Kyosan Electric, Peek traffic, Baokang Electronic, Hisense TransTech, and Wantong Technology. Many of this companies are concentrating on improving product efficiency in order to gain greater market share.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/308/intelligent-traffic-management-systems-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner
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 North America to be the Leading Market for Intelligent Traffic Management System Over 2026 here
News-ID: 2330796 • Views: …
More Releases from Fact.MR
Lemon Oil Market Surges Past US$ 1.56 Billion Mark by 2033, Fueled by 4.8% CAGR
The global lemon oil market currently holds a valuation of US$ 979.4 million and is forecasted to grow at a CAGR of 4.8% over the next decade. By the end of 2033, sales of lemon oil are expected to soar to a market value of US$ 1.56 billion.
Derived from fresh lemon peel or by cold-pressing lemon rind, lemon oil boasts not only a pleasant aroma but also various health benefits.…
Coffee Pods Market is Expected to Grow at 6.3% CAGR By 2027: Fact.MR Report
In the last couple of years, there has been a significant surge in coffee consumption, paralleled by a notable increase in the demand for gourmet coffee. This upsurge can be attributed to the wide array of options offered by various brands, as well as the accessibility of high-quality beans. These factors have collectively propelled the growth of the coffee market.
The Coffee Pods Industry sales study offers a comprehensive analysis on…
Oral Motor Market Forecasted to Achieve US$ 252.9 Billion by 2032, with 4.50% CA …
The global oral motor market, valued at US$ 242.0 million in 2022, is anticipated to grow to US$ 326.6 million by 2032, reflecting a compound annual growth rate (CAGR) of 4.5% during the forecast period from 2022 to 2032. The market for oral motor tools is expected to present an incremental opportunity of US$ 73.7 million.
Oral motor tools and toys play a crucial role in facilitating the proper development of…
High Speed Ovens Market Is Set To Hit US$ 10.70 Billion By 2033: Fact.MR Report
In 2023, the global high-speed ovens market reached an estimated value of US$ 5.59 billion. Projections suggest a steady growth trajectory, with the overall market expected to swell to US$ 10.70 billion by 2033. This expansion reflects a healthy compound annual growth rate (CAGR) of 6.7% from 2023 to 2033.
The High Speed Ovens Industry sales study offers a comprehensive analysis on diverse features including production capacities, High Speed Ovens demand,…
More Releases for Unit
Glycol Dehydration Unit Market Glycol Dehydration Unit Market 2028
Persistence Market Research delivers key insights on the global glycol dehydration unit market, in its report titled, 'Glycol Dehydration Unit Market: Global Industry Analysis 2013-2017 and Forecast 2018-2028'. Over the forecast years, the global glycol dehydration unit market is expected to show a positive outlook.
The market value is expected to increase at a healthy pace over the forecast period. Based on the glycol type segment, the triethylene glycol segment is…
Biodiesel Processing Unit
While reserves of petroleum are decreasing every passing day, energy consumption is increasing at 6.5% per annum. And for solving this issue many countries are implementing new policies for minimizing the usage of fossil fuels and increase the use of alternative sources like solar power and Biodiesel. Biodiesel is a diesel fuel substitute made from a variety of oils, fats, and greases which can become a cheaper alternative to fossil…
Jackfruit Processing Unit
The fruit processing sector has some undoubtedly potential Business Ideas, and Jackfruits processing is highly recommended because jackfruits are highly perishable tropical fruits, which helps in improving the immunity, replenishes the energy, cardiovascular health, regulates Blood Pressure, Digestion, treats the skin diseases, prevent/control asthma and many more awesome advantages of jackfruit consumption.
Rising demand for processed fruit product for secondary preparations, rising income, and resultant increased spending on food items is…
Pomegranate Processing unit
India is the second largest producer of Pomegranates in the world after Iran, still contributes only 5% pomegranate related international trades. India produces the finest edible Pomegranates, which are available almost throughout the year, which provides a tremendous potential for export of Pomegranate and its products from India.
Processing of the Pomegranates becomes essential in order to increase the utilization and reduce the wastage of the fruit. Pomegranates being rich in…
Coconut Processing Unit
Coconut is an important fruit in the Indian economy as the country is listed among the top Coconut producing countries in the world. The contribution of Coconut is about ₹27900 crore to India’s Gross Domestic Product (GDP).
Today's improved economic stability, spending power, nutritional requirements, and awareness are pushing consumers to shift their preferences.
Currently, Coconut water, Coconut milk/cream and Virgin Coconut Oil (VCO) are expected to be main growth drivers for…
Telematics Control Unit
Publisher's Telematics Control Unit (TCU) market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.
The report includes the forecasts, Analysis and discussion of important industry trends, market size, market share estimates and profiles of…
