Press release
Why is China Witnessing Upward Growth in Intelligent Traffic Management Systems - Exclusive Report by Fact.MR
Intelligent Traffic Management System Market
Latest industry analysis by Fact MR, predicts sales of Intelligent Traffic Management System to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.
The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.
To remain ‘ahead’ of your competitors, request for a sample – https://www.factmr.com/connectus/sample?flag=S&rep_id=319
The report offers actionable and valuable market insights of Intelligent Traffic Management System. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Intelligent Traffic Management System Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Intelligent Traffic Management System market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Intelligent Traffic Management System
This newly published and insightful report sheds light on Market Insights of Intelligent Traffic Management System, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Intelligent Traffic Management System Market.
Market Snapshot
Intelligent traffic management systems have greatly revolutionized the way road traffic is managed. Fact.MR has recently published a report on the market, forecasting a valuation of US$ 17.75 Bn by 2021-end. By the end of the 2021-2031 assessment period, the market is expected to reach US$ 34 Bn, registering a CAGR of 6.7%. Demand for integrated urban traffic control will surge the highest, at a CAGR of 7%.
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Key Segments Covered
Product Type
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
Spender Type
Infrastructure Enterprises & PPPs
Federal and Provincial Government
Industries & Commercial Enterprise
Components
Traffic Controllers and Signals
Surveillance Cameras
Video Walls
Server
3D Simulators
GUI Workstation
Detectors & Sensors
Other Components
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Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground.
In January 2021 Dahua Technology, a world leading video-centric smart IoT solution and service provider launched: WizSense/WizMind series which focus on the AI value transmission; HDCVI 6.0 Plus that offers continued advancement in over-coax technology, and Full-color 2.0 which provides excellent performance under extreme low light conditions, driving innovation to an AIoT future.
In the same time period, Q-Free ASA launched Kinetic Signals to manage traffic signals centrally. Kinetic Signals features a comprehensive intersection editor, interactive reporting, built-in ATSPMs, and a detail-rich database management system to efficiently control and monitor traffic signals in real-time across cities, states, and regions.
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%.
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Report Benefits & Key Questions Answered
Intelligent Traffic Management System Company & brand share analysis: The report offers in-depth Intelligent Traffic Management System brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
Intelligent Traffic Management System Historical volume analysis: The report offers a comparative analysis between historic sales of Intelligent Traffic Management System and projected sales performance for 2021-2031
Intelligent Traffic Management System Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
Intelligent Traffic Management System
Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
Post COVID consumer spending on Intelligent Traffic Management System: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power
More Valuable Insights on Intelligent Traffic Management System Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Intelligent Traffic Management System, Sales and Demand of Intelligent Traffic Management System, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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