Press release
Intelligent Traffic Management System Market Projected to Hit USD 25548.67 Mn by 2030
Intelligent Traffic Management System Market
๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ซ๐๐๐๐ข๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The Intelligent Traffic Management System (ITMS) market is experiencing significant growth as urbanization and vehicular density continue to rise globally. These systems are designed to enhance traffic flow, minimize congestion, and improve road safety through the integration of advanced technologies like artificial intelligence, IoT, and real-time data analytics. Governments and municipalities are increasingly investing in ITMS solutions to create smart cities that ensure seamless mobility and reduce environmental impact by lowering fuel consumption and emissions. The market's expansion is driven by the demand for efficient traffic management strategies in rapidly developing urban areas.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.maximizemarketresearch.com/request-sample/123435/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ซ๐๐๐๐ข๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ :
Key drivers in the ITMS market include the increasing need to mitigate traffic congestion and the growing focus on sustainable urban development. The rise in global vehicle ownership and frequent traffic bottlenecks have intensified the need for intelligent solutions that can predict and manage traffic patterns effectively. Furthermore, technological advancements, including connected vehicle technology and smart sensors, have enabled more precise traffic control and monitoring. Government initiatives promoting smart city projects and investments in intelligent transportation infrastructure are also fueling market growth.
๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ซ๐๐๐๐ข๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Emerging trends in the ITMS market include the integration of artificial intelligence and machine learning to optimize traffic signal operations and predict congestion points. The adoption of vehicle-to-everything (V2X) communication is transforming traffic management by enabling real-time data exchange between vehicles and infrastructure. Additionally, cloud-based traffic management systems are gaining popularity due to their scalability and cost-effectiveness. The rising use of autonomous vehicles and the emphasis on reducing carbon emissions are further influencing the evolution of intelligent traffic management technologies.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/inquiry-before-buying/123435/
๐๐๐ซ๐ ๐๐ซ๐ฌ & ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ข๐๐ญ๐ง๐๐ฆ & ๐๐ก๐๐ข๐ฅ๐๐ง๐
๐๐ข๐ญ๐๐๐ก๐ข Ltd. recently announced its acquisition of a controlling stake in Vietnam's VietSignal, aiming to expand its traffic management footprint in Southeast Asia.
In Thailand, Cubic Corporation partnered with Bangkok Expressway and ๐๐๐ญ๐ซ๐จ ๐๐ฎ๐๐ฅ๐ข๐ Company Limited for deploying advanced electronic toll systems.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐ & ๐๐๐ฉ๐๐ง
Singapore-based ๐๐ ๐๐ง๐ ๐ข๐ง๐๐๐ซ๐ข๐ง๐ has acquired Japan's Kyosan Electric to integrate cutting-edge signal management technologies into Singapore's urban framework.
Panasonic Corporation has partnered with Japanese municipalities to develop AI-based real-time traffic monitoring solutions.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's ๐๐ฒ๐ฎ๐ง๐๐๐ข ๐๐จ๐๐ข๐ฌ merged with LG CNS to create innovative traffic data analytics systems, enhancing nationwide traffic control capabilities.
๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐ง๐ข๐จ๐ง
In the EU, ๐๐ข๐๐ฆ๐๐ง๐ฌ Mobility has completed the acquisition of Swarco Traffic Systems, further strengthening its position in smart traffic management.
Indra Sistemas in Spain has secured a deal to implement smart traffic solutions across major European cities.
๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The U.S.-based ๐๐จ๐ง๐๐ฒ๐ฐ๐๐ฅ๐ฅ International announced the purchase of Sensys Networks, focusing on advanced IoT traffic sensing technologies.
General Electric (GE) partnered with Verizon to introduce 5G-powered intelligent traffic solutions across U.S. urban centers.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ฒ ๐๐๐๐๐ข๐ง๐ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
๐๐ข๐๐ฆ๐๐ง๐ฌ ๐๐จ๐๐ข๐ฅ๐ข๐ญ๐ฒ:Unveiled a cutting-edge traffic signal controller integrated with machine learning algorithms for adaptive traffic flow management.
๐๐ฎ๐๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง: Introduced next-generation fare collection systems, streamlining multimodal transport in urban areas.
๐๐๐ง๐๐ฌ๐จ๐ง๐ข๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง: Launched real-time data-sharing platforms for efficient incident management.
๐๐จ๐ง๐๐ฒ๐ฐ๐๐ฅ๐ฅ ๐๐ง๐ญ๐๐ซ๐ง๐๐ญ๐ข๐จ๐ง๐๐ฅ: Developed predictive traffic monitoring software aimed at reducing congestion by 30%.
๐๐ง๐๐ซ๐ ๐๐ข๐ฌ๐ญ๐๐ฆ๐๐ฌ: Enhanced its cloud-based traffic management systems for seamless cross-border operations within the EU.
๐๐ฒ๐ฎ๐ง๐๐๐ข ๐๐จ๐๐ข๐ฌ: Rolled out an integrated smart parking assistant as part of its broader ITMS suite.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/request-sample/123435/
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ฉ๐ญ๐ข๐๐๐ฅ ๐๐จ๐ซ๐ญ๐๐ซ ๐๐๐ซ๐ค๐๐ญ:
by 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
Others
by Component
Traffic Controllers and Signals
Surveillance Cameras
Video Walls
Server
3D Simulators
GUI Workstation
Detectors & Sensors
Other Components
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ง๐ญ๐๐ฅ๐ฅ๐ข๐ ๐๐ง๐ญ ๐๐ซ๐๐๐๐ข๐ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐ฒ๐ฌ๐ญ๐๐ฆ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Beijing E-Hualu Information Technology Co., Ltd. (Beijing, China)
2. Cubic Corporation (San Diego, California, USA)
3. Dahua Technology Co., Ltd. (Hangzhou, China)
4. Econolite (Anaheim, California, USA)
5. General Electric Company (Boston, Massachusetts, USA)
6. IBM (Armonk, New York, USA)
7. Iteris, Inc. (Santa Ana, California, USA)
8. Q-Free ASA (Trondheim, Norway)
9. Quarterhill Inc. (Kitchener, Ontario, Canada)
10. Kapsch TrafficCom AG (Vienna, Austria)
11. Siemens (Munich, Germany)
12. SNC-Lavalin Group (ATKINS) (Montreal, Quebec, Canada)
13. TomTom International BV(Amsterdam, Netherlands)
14. TransCore (Nashville, Tennessee, USA)
15. Thales Group (Paris, France)
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ: https://www.maximizemarketresearch.com/market-report/intelligent-traffic-management-system-market/123435/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Intelligent Traffic Management System Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Intelligent Traffic Management System Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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