US Intelligent Traffic Management System (ITMS) Market Opportunities 2024-2031: Advanced Signal Control and Connected Vehicles Boost Transportation Efficiency

Leander, Texas and United States - The Intelligent Traffic Management System (ITMS) Market was valued at US$ 3.41 billion in 2024 and is expected to reach US$ 6.94 billion by 2030, registering a CAGR of 13.3% during the forecast period. Market growth is driven by rising traffic congestion, upgrades in transportation infrastructure, and increasing investment in smart mobility solutions.

The market is positioned as a critical component of modern transportation planning, supporting safer, faster, and more efficient movement across urban and semi-urban regions. Advancements in real-time traffic analytics, adaptive signal control, automated incident detection, and connected vehicle systems are enhancing operational efficiency and reducing delays. These developments are enabling authorities and cities to build more resilient, responsive, and sustainable mobility networks.

Get a Free Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):-https://www.datamintelligence.com/download-sample/intelligent-traffic-management-system-market?sai-v

The Intelligent Traffic Management System (ITMS) Market involves advanced traffic control solutions using AI, IoT, and real-time analytics to optimize road flow, reduce congestion, and improve safety in urban environments

Key Developments :

✅ August 2025: Kapsch TrafficCom introduced enhanced V2X-enabled ITMS capabilities featuring predictive congestion analytics and smart-corridor optimization. The upgrade supports large-scale deployments across major U.S. cities aiming to modernize traffic flow and reduce peak-time delays.

✅ June 2025: A Japanese smart mobility consortium rolled out a 5G-based traffic signal optimization system leveraging V2X connectivity. Early pilot results showed significant reductions in intersection wait times, supporting national efforts to streamline urban mobility.

✅ May 2025: Japan's leading ITS integrators expanded deployment of AI-driven adaptive signal control platforms designed to manage high-density traffic conditions, improving response times to congestion and pedestrian flow variations.

Key Players

Cubic Corporation | Thales | Siemens | Kapsch TrafficCom AG | TomTom International BV | Q-Free | TransCore | Hitachi, Ltd. | SWARCO | Delcan Technologies

Key Highlights

• Siemens - Holds an estimated 12-13% share of the global ITS and smart road market.
Growth Driver: Strong global demand for adaptive traffic control, digital signaling systems, and connected mobility platforms.

• Kapsch TrafficCom AG - Reported EUR 539 million in annual revenue with approximately 13% share in the ITS segment.
Growth Driver: Continued leadership in electronic tolling, congestion pricing, and intelligent mobility management.

• Cubic Corporation - Estimated to hold around 10% share in the global ITS and smart mobility systems market.
Growth Driver: Expansion of integrated traffic management, transit fare collection, and multimodal system deployments.

• Thales - Recognized as a major ITS supplier with significant market presence in transportation automation and control systems.
Growth Driver: Growth in secure traffic control, digital command centers, and integrated public transport solutions.

• TomTom International BV - A leading provider of traffic intelligence and mobility data with strong recurring revenue from telematics.
Growth Driver: Rising adoption of navigation data, real-time traffic analytics, and connected vehicle solutions.

• Q-Free - Generates roughly USD 120 million from ITS solutions globally.
Growth Driver: Increasing demand for tolling technology, ALPR systems, and roadside infrastructure.

• TransCore - A leading provider of electronic tolling, RFID vehicle identification, and express lane management solutions.
Growth Driver: Expansion of highway tolling programs and large-scale mobility modernization projects.

• Hitachi, Ltd. - A prominent player in digital mobility infrastructure, IoT-based traffic systems, and smart city mobility solutions.
Growth Driver: Investments in urban traffic digitalization and integrated mobility networks.

• SWARCO - Holds strong share in traffic signaling, control systems, and adaptive traffic management.
Growth Driver: Growth driven by smart intersection upgrades and urban safety initiatives.

• Delcan Technologies - Specializes in ITS engineering, software, and traffic system integration.
Growth Driver: Increasing modernization of traffic networks and deployment of intelligent roadway systems.

Buy Now & Unlock 360° Market Intelligence: https://www.datamintelligence.com/buy-now-page?report=intelligent-traffic-management-system-market?sai-v

Market Drivers & Growth

Increasing urbanization and rising vehicle volumes are pushing cities to adopt ITMS solutions for congestion reduction and improved mobility.

Growing emphasis on road safety and the need to lower accident rates are driving investments in real-time traffic monitoring, automated signaling and enforcement systems.

Expansion of smart city projects is accelerating adoption of integrated traffic control, adaptive signal systems and intelligent surveillance.

Advancements in IoT, AI-based analytics, cloud platforms and connected sensors are improving traffic prediction, incident detection and overall network efficiency.

Government initiatives focused on digital infrastructure and sustainable transportation continue to support market growth.

Industrial Advances & Developments

Deployment of AI-driven traffic optimization software enabling predictive modeling and automated traffic flow adjustments.

Increased integration of 5G connectivity for faster communication between sensors, vehicles and control systems.

Advancements in automated enforcement technologies, including ANPR cameras, red-light enforcement and smart speed monitoring.

Development of centralized traffic management platforms combining video analytics, GPS data and edge computing for real-time decision-making.

Growing adoption of multimodal mobility platforms supporting public transport prioritization and integrated corridor management.

Regional Insights

North America: Strong adoption supported by smart city investments, advanced ITS infrastructure and early integration of AI and connected mobility.

Europe: Significant deployment due to stringent road safety regulations, sustainable mobility goals and mature ITS technology providers.

Asia-Pacific: Fastest-growing region driven by large urban populations, rapid infrastructure development and high government spending on intelligent mobility.

Middle East & Africa: Emerging adoption with major projects in GCC countries focused on smart mobility and digital traffic control.

Latin America: Gradual growth supported by urban modernization efforts and increasing public-private partnerships.

Key Segments:

➥ By Offering:
Hardware, Software, Services
Hardware dominates due to large-scale deployment of sensors, controllers, cameras, and communication devices, while Software and Services are rapidly growing with the rise of real-time analytics and system integration.
Market Attractiveness: Hardware - High, Software - High, Services - Moderate.

➥ By Product:
Integrated Urban Traffic Control System, Freeway Management System, Electronic Toll Collection (ETC), Advanced Public Transportation System, Others
Integrated Urban Traffic Control Systems lead the market owing to rising smart city investments, whereas ETC systems are expanding quickly with cashless tolling adoption.
Market Attractiveness: Urban Traffic Control - High, ETC - High, Freeway Management - Moderate.

➥ By Solution:
Traffic Monitoring System, Traffic Signal Control System, Traffic Enforcement Camera, Integrated Corridor Management, Intelligent Driver Information System, Others
Traffic Monitoring and Traffic Signal Control Systems dominate due to their central role in managing congestion and enhancing road efficiency, while Enforcement Cameras gain traction for safety and compliance.
Market Attractiveness: Monitoring - High, Signal Control - High, Enforcement Cameras - Moderate.

➥ By Application:
Highway, Managed Lanes, Others
Highways dominate as governments invest heavily in traffic automation, tolling upgrades, and safety monitoring; Managed Lanes grow steadily with congestion pricing and demand-based lane systems.
Market Attractiveness: Highways - High, Managed Lanes - Moderate.

➥ By Component:
Traffic Monitoring System, Traffic Signal Control System, Traffic Enforcement Camera, Integrated Corridor Management, Intelligent Driver Information System, Others
This segment mirrors solution-level trends, with Traffic Monitoring and Signal Control components leading deployments, followed by Intelligent Driver Information Systems backed by rising connected mobility demands.
Market Attractiveness: Monitoring - High, Signal Control - High, Driver Information - Moderate.

Speak to Our Analyst and Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/intelligent-traffic-management-system-market?sai-v

Unlock 360° Market Intelligence with DataM Subscription Services: https://www.datamintelligence.com/reports-subscription

Power your decisions with real-time competitor tracking, strategic forecasts, and global investment insights all in one place.

✅ Competitive Landscape
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Unmet Needs & Positioning, Pricing & Market Access Snapshots
✅ Market Volatility & Emerging Risks Analysis
✅ Quarterly Industry Report Updated
✅ Live Market & Pricing Trends
✅ Import-Export Data Monitoring

Have a look at our Subscription Dashboard: https://www.youtube.com/watch?v=x5oEiqEqTWg

Contact Us -

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.

This release was published on openPR.