Press release
United States Intelligent Traffic Management System Market Growth, Share 2025-2032 | Top 5 Companies - Kapsch TrafficCom AG, TomTom International BV, Q-Free, TransCore, Hitachi, Ltd
Intelligent Transport Systems Market
"The average U.S. driver loses 51 hours annually due to traffic-about one hour per week-15 hours more than previous periods, costing roughly $869 in lost time."
"In November 2023, Montreal partnered with Kapsch TrafficCom to launch a connected car and traffic management project aimed at improving road safety. The initiative leverages Kapsch's Orchestrated Connected Corridor (OCC) services, integrating connected car data and video cameras to provide real-time insights on traffic patterns and potential roadside hazards
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Top Key Players:
Cubic Corporation, Thales, Siemens, Kapsch TrafficCom AG, TomTom International BV, Q-Free, TransCore, Hitachi, Ltd., SWARCO, Delcan Technologies
Key Industry Developments
In January 2024, the Uttar Pradesh government launched the Intelligent Traffic Management System (ITMS) in Ayodhya to improve infrastructure and urban aesthetics. The system integrates cameras, signals, public address systems, and emergency call boxes to monitor and manage traffic across 22 city intersections
Growth Projection:
Research Process:
The Intelligent Traffic Management System Market research report by DataM Intelligence leverages both primary and secondary data sources to deliver deep insights. It explores a wide range of factors shaping the industry from government regulations, market conditions, and competitive dynamics to historical trends, technological advancements, upcoming innovations, and potential challenges. This comprehensive analysis highlights growth prospects while addressing barriers, helping businesses navigate volatility and seize new opportunities
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Market Segmentation:
By Offering: Hardware | Software | Services
By Product: Integrated Urban Traffic Control System | Freeway Management System | Electronic Toll Collection (ETC) | Advanced Public Transportation System | Others
By Solution: Traffic Monitoring System | Traffic Signal Control System | Traffic Enforcement Camera | Integrated Corridor Management | Intelligent Driver Information System | Others
By Application: Highway | Managed Lanes | Others
By Component: Traffic Monitoring System | Traffic Signal Control System | Traffic Enforcement Camera | Integrated Corridor Management | Intelligent Driver Information System | Others
By End-User: Urban Traffic | Inter-Urban | Parking Management | Info-mobility | Public Transport | Freeway | Others
Key Developmentys
In January 2024, the Uttar Pradesh government launched the Intelligent Traffic Management System (ITMS) in Ayodhya to improve city infrastructure and aesthetics. The system employs cameras, traffic signals, public address systems, and emergency call boxes to monitor and manage traffic across 22 intersections."Market Impact: Wider availability of women's wellness products strengthens the US share in the North American vaginal health probiotic supplements market.
Benefits of the Report:
Chapter 1: Introduces the report with an overview of coverage summarizing key market segments by region, product type, and application. It offers a clear snapshot of market size, segment-wise growth potential, and both short- and long-term industry outlook.
Chapter 2: Brings forward the most valuable market insights and reveals the game-changing emerging trends shaping the industry's future.
Chapter 3: Provides a detailed analysis of the competitive landscape among Intelligent Traffic Management Systemcovering revenue shares, strategic initiatives, and the latest mergers & acquisitions.
Chapter 4: Delivers comprehensive profiles of top players, including revenue, profit margins, product lines, and company milestones.
Chapters 5 & 6: Break down revenue performance across regions and countries, offering a precise view of market sizes, opportunities, and development prospects worldwide.
Chapter 7: Examines segmentation by type, revealing the size and potential of each category guiding businesses toward untapped, high-impact areas.
Chapter 8: Focuses on applications, evaluating how different downstream markets are growing and identifying promising sectors for expansion.
Chapter 9: Maps the entire industry supply chain, detailing both upstream and downstream activities for a holistic understanding.
Chapter 10: Concludes with key findings and the most critical takeaways giving stakeholders a clear direction for future strategies.
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FAQ's
Q1: What is the current size of the Intelligent Traffic Management System Market?
A: The Intelligent Traffic Management System Market was valued at US$ 10.3 billion in 2023 and is projected to grow significantly, reaching US$ 27.9 billion by 2030
Q2: How fast is the Intelligent Traffic Management System Market growing?
A: The Market is on a robust growth path, expected to expand at a CAGR of 13.5% between 2025 and 2032.
Q3: Which Regions dominate the Intelligent Traffic Management System Market?
A: Currently, North America's Advanced Infrastructure and Expansive Road Networks.
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Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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