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Integrated Traffic System Market By Offerings (Services, Solutions), By Application (Traffic Monitoring, Traffic Operation, Traffic Control), By Component (Sensors, Video Vehicle Detection, Display Board, Surveillance Camera, Radar, Others) – Growth, Future Prospects And Competitive Analysis, 2019 – 2027

Summary
Table Of Content

Market Insights

The global integrated traffic systems market was valued at US$ 21.98 Bn in 2018 and is anticipated to grow to US$ 41.06 Bn, expanding at a CAGR of 7.2% during the forecast period from 2019 to 2027. For decades, the proliferating complexities of urban traffic have been forcing city planners and government authorities to find smarter ways to control the traffic. As a result, government authorities are inclined toward traffic management solutions that improve mobility by reducing traffic congestion, ensuring road safety, and limiting serious environmental damage due to increased pollution. Systematic improvements in traffic management are one of the prominent solutions to address the ongoing challenge of urban dependence on transport. An integrated traffic system aims to improve the traffic system’s effectiveness and efficiency stem.

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Market Synopsis

Traffic Monitoring to Dominate; Traffic Control set to Register Maximum Growth throughout the Forecast Period

Based on application, the globally integrated traffic system market is categorized into traffic monitoring, traffic operation, and traffic control. Traffic Monitoring, being one of the most important applications, is dominant and is expected to register significant growth throughout the forecast period. This is due to the information gathered by traffic monitoring systems, providing benefits including road safety, real-time traffic observation, and reducing vehicle-related crimes, among others. In addition, it helps in avoiding illegal driving practices, tracking and penalizing based on vehicle registration numbers. The lack of state-of-the-art transport infrastructure in both developed and developing economies is propelling the development of new and advanced technologies. In contrast, traffic control systems provide advanced solutions to improve traffic flow in urban areas. Through optimum usage of transport infrastructure, traffic control systems such as advanced traffic light controllers and parking systems, among others, are providing more efficient utilization of mobility networks, improved traffic safety, and reduced environmental impact. As a result of these factors, the integrated traffic systems market growth is bolstered.

Europe Dominates, followed by North America; the Asia Pacific Touted to Register Highest Growth during the Forecast Period.

In 2019, Europe was the largest value contributing region to the globally integrated traffic system market, trailed by North America. Europe is expected to grow steadily during the forecast period from 2019 to 2027. This is due to the presence of state-of-the-art infrastructure and the early adoption of technology in countries such as Germany, and the U.K., among others. In contrast, the Asia Pacific region is anticipated to register the fastest growth during the forecast period on the back of large investments made by multiple organizations, and rapid urbanization, among others. In addition, the demand for integrated traffic systems in the Asia Pacific is propelled due to rising emphasis on safety and the emission-free emission-free environment in developing countries such as China and India.

Some of the leading manufacturers profiled in the study include Sumitomo Electric Industries, Citilog SA, Cubic Corporation, Siemens, EFKON India Pvt. Ltd., Imtac LLC, Intellivision Technologies Ltd., Iteris, Inc., Nuance Communications, Inc., Savari, Inc., Thales Group S.A., TransCore L.P., and Swarco Holding among others.

Historical & Forecast Period

This research study provides qualitative and quantitative insights for each segment and sub-segment from 2017 to 2027, considering 2018 as the base year for the research. CAGR (Compounded Annual Growth Rate) for each segment and sub-segment is calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The integrated traffic system market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the globally integrated traffic system market based on offerings, applications, components, and geography.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global ITS Market Snapshot
2.2. Global ITS Market, by Offerings, 2018 (US$ Bn)
2.3. Global ITS Market, by Application, 2018 (US$ Bn)
2.4. Global ITS Market, by Component, 2018 (US$ Bn)
2.5. Global ITS Market, by Geography, 2018 (US$ Bn)

3. Global ITS Market Analysis
3.1. Global ITS Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. Attractive Investment Proposition, by Geography, 2018
3.5. Competitive Landscape
3.5.1. Market Positioning of the Leading Manufacturers
3.5.2. Major Strategies Adopted

4. Global Integrated Traffic Systems (ITS) Market Value, by Offerings , 2018 – 2027 (US$ Bn)
4.1. Comparative Analysis
4.1.1. ITS Market Value, by Offerings, 2018 & 2027 (Value %)
4.2. Services
4.3. Solutions

5. Global Integrated Traffic Systems (ITS) Market Value, by Application , 2018 – 2027 (US$ Bn)
5.1. Comparative Analysis
5.1.1. ITS Market Value, by Application, 2018 & 2027 (Value %)
5.2. Traffic Monitoring
5.3. Traffic Operation
5.4. Traffic control

6. Global Integrated Traffic Systems (ITS) Market Value, by Component , 2018 – 2027 (US$ Bn)
6.1. Comparative Analysis
6.1.1. ITS Market Value, by Component, 2018 & 2027 (Value %)
6.2. Sensors
6.3. Video Vehicle Detection
6.4. Display Board
6.5. Surveillance Camera
6.6. Radar
6.7. Others (Interface boards, Smart traffic lights)

7. North America Integrated Traffic Systems (ITS) Market Analysis, 2018 – 2027 (US$ Bn)
7.1. North America ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
7.1.1. Services
7.1.2. Solutions
7.2. North America ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
7.2.1. Traffic Monitoring
7.2.2. Traffic Operation
7.2.3. Traffic control
7.3. North America ITS Market Value, by Component , 2018 – 2027 (US$ Bn)
7.3.1. Sensors
7.3.2. Video Vehicle Detection
7.3.3. Display Board
7.3.4. Surveillance Camera
7.3.5. Radar
7.3.6. Others (Interface boards, Smart traffic lights)
7.4. North America ITS Market Value, by Country, 2018 – 2027 (US$ Bn)
7.4.1. U.S.
7.4.1.1. U.S. ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
7.4.1.2. U.S. ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
7.4.1.3. U.S. ITS Market Value, by Component, 2018 – 2027 (US$ Bn)
7.4.2. Rest of North America
7.4.2.1. Rest of North America ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
7.4.2.2. Rest of North America ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
7.4.2.3. Rest of North America ITS Market Value, by Component , 2018 – 2027 (US$ Bn)

8. Europe Integrated Traffic Systems (ITS) Market Analysis, 2018 – 2027 (US$ Bn)
8.1. Europe ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
8.1.1. Services
8.1.2. Solutions
8.2. Europe ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
8.2.1. Traffic Monitoring
8.2.2. Traffic Operation
8.2.3. Traffic control
8.3. Europe ITS Market Value, by Component , 2018 – 2027 (US$ Bn)
8.3.1. Sensors
8.3.2. Video Vehicle Detection
8.3.3. Display Board
8.3.4. Surveillance Camera
8.3.5. Radar
8.3.6. Others (Interface boards, Smart traffic lights)
8.4. Europe ITS Market Value, by Region, 2018 – 2027 (US$ Bn)
8.4.1. U.K.
8.4.1.1. U.K. ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
8.4.1.2. U.K. ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
8.4.1.3. U.K. ITS Market Value, by Component, 2018 – 2027 (US$ Bn)
8.4.2. Germany
8.4.2.1. Germany ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
8.4.2.2. Germany ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
8.4.2.3. Germany ITS Market Value, by Component, 2018 – 2027 (US$ Bn)
8.4.3. France
8.4.3.1. France ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
8.4.3.2. France ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
8.4.3.3. France ITS Market Value, by Component, 2018 – 2027 (US$ Bn)
8.4.4. Rest of Europe
8.4.4.1. Rest of Europe ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
8.4.4.2. Rest of Europe ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
8.4.4.3. Rest of Europe ITS Market Value, by Component, 2018 – 2027 (US$ Bn)

9. Asia Pacific Integrated Traffic Systems (ITS) Market Analysis, 2018 – 2027 (US$ Bn)
9.1. Asia Pacific ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
9.1.1. Services
9.1.2. Solutions
9.2. Asia Pacific ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
9.2.1. Traffic Monitoring
9.2.2. Traffic Operation
9.2.3. Traffic control
9.3. Asia Pacific ITS Market Value, by Component , 2018 – 2027 (US$ Bn)
9.3.1. Sensors
9.3.2. Video Vehicle Detection
9.3.3. Display Board
9.3.4. Surveillance Camera
9.3.5. Radar
9.3.6. Others (Interface boards, Smart traffic lights)
9.4. Asia Pacific ITS Market Value, by Country, 2018 – 2027 (US$ Bn)
9.4.1. Japan
9.4.1.1. Japan ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
9.4.1.2. Japan ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
9.4.1.3. Japan ITS Market Value, by Component, 2018 – 2027 (US$ Bn)
9.4.2. China
9.4.2.1. China ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
9.4.2.2. China ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
9.4.2.3. China ITS Market Value, by Component, 2018 – 2027 (US$ Bn)
9.4.3. India
9.4.3.1. India ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
9.4.3.2. India ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
9.4.3.3. India ITS Market Value, by Component, 2018 – 2027 (US$ Bn)
9.4.4. Rest of Asia Pacific
9.4.4.1. Rest of Asia Pacific ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
9.4.4.2. Rest of Asia Pacific ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
9.4.4.3. Rest of Asia Pacific ITS Market Value, by Component, 2018 – 2027 (US$ Bn)

10. Rest of World Integrated Traffic Systems (ITS) Market Analysis, 2018 – 2027 (US$ Bn)
10.1. Rest of World ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
10.1.1. Services
10.1.2. Solutions
10.2. Rest of World ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
10.2.1. Traffic Monitoring
10.2.2. Traffic Operation
10.2.3. Traffic control
10.3. Rest of World ITS Market Value, by Component , 2018 – 2027 (US$ Bn)
10.3.1. Sensors
10.3.2. Video Vehicle Detection
10.3.3. Display Board
10.3.4. Surveillance Camera
10.3.5. Radar
10.3.6. Others (Interface boards, Smart traffic lights)
10.4. Rest of World ITS Market Value, by Region, 2018 – 2027 (US$ Bn)
10.4.1. Latin America
10.4.1.1. Latin America ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
10.4.1.2. Latin America ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
10.4.1.3. Latin America ITS Market Value, by Component, 2018 – 2027 (US$ Bn)
10.4.2. Middle-East & Africa
10.4.2.1. Middle-East & Africa ITS Market Value, by Offerings, 2018 – 2027 (US$ Bn)
10.4.2.2. Middle-East & Africa ITS Market Value, by Application, 2018 – 2027 (US$ Bn)
10.4.2.3. Middle-East & Africa ITS Market Value, by Component, 2018 – 2027 (US$ Bn)

11. Company Profiles
11.1. Sumitomo Electric Industries
11.2. Citilog SA
11.3. Cubic Corporation
11.4. Siemens.
11.5. EFKON India pvt. Ltd.
11.6. Imtac LLC.
11.7. Intelvision Technologies Ltd.
11.8. Iteris, Inc.
11.9. Nuance Communications, Inc.
11.10. Savari, Inc.
11.11. Thales Group S.A
11.12. TransCore LP
11.13. Swarco Holding

List of Figures

FIG. 1 Global Integrated Traffic Systems (ITS): Market Segmentation
FIG. 2 Global ITS Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global ITS Market, by Offerings, 2018 (US$ Bn)
FIG. 5 Global ITS Market, by Application, 2018 (US$ Bn)
FIG. 6 Global ITS Market, by Component, 2018 (US$ Bn)
FIG. 7 Global ITS Market, by Geography, 2018 (US$ Bn)
FIG. 8 Global ITS Market Value and Growth, 2017 – 2027, (US$ Bn and % Y-o-Y)
FIG. 9 Attractive Investment Proposition : Global ITS Market
FIG. 10 Market Positioning of the Leading Manufacturers, 2018
FIG. 11 Global ITS Market Value Contribution, by Offerings, 2018 & 2027 (Value %)
FIG. 12 Global ITSs Market Value and Growth for Services, 2017 – 2027, (US$ Bn)
FIG. 13 Global ITSs Market Value and Growth for Solutions, 2017 – 2027, (US$ Bn)
FIG. 14 Global ITS Market Value Contribution, by Application, 2018 & 2027 (Value %)
FIG. 15 Global ITS Market Value and Growth for Traffic Monitoring, 2017 – 2027, (US$ Bn)
FIG. 16 Global ITS Market Value and Growth for Traffic Operation, 2017 – 2027, (US$ Bn)
FIG. 17 Global ITS Market Value and Growth for Traffic Control, 2017 – 2027, (US$ Bn)
FIG. 18 Global ITS Market Value Contribution, by Component, 2018 & 2027 (Value %)
FIG. 19 Global ITS Market Value and Growth for Sensors, 2017 – 2027, (US$ Bn)
FIG. 20 Global ITS Market Value and Growth for Video Vehicle Detection, 2017 – 2027, (US$ Bn)
FIG. 21 Global ITS Market Value and Growth for Display Board, 2017 -2027, (US$ Bn)
FIG. 22 Global ITS Market Value and Growth for Surveillance Camera, 2017 – 2027, (US$ Bn)
FIG. 23 Global ITS Market Value and Growth for Radar, 2017 – 2027, (US$ Bn)
FIG. 24 Global ITS Market Value and Growth for Others (Interface boards, Smart traffic lights), 2017 – 2027, (US$ Bn)
FIG. 25 North America ITS Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 26 Europe ITS Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 27 Asia Pacific ITS Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)
FIG. 28 RoW ITS Market Value and Growth, 2017 – 2027, (US$ Bn) (Y-o-Y %)

List of Tables

TABLE 1 Market Snapshot: Global Integrated Traffic Systems (ITS) Market
TABLE 2 Key Trends in ITS Industry
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 6 North America ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 7 North America ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 8 North America ITS Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 9 U.S. ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 10 U.S. ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 11 U.S. ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 12 Rest of North America ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 13 Rest of North America ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 14 Rest of North America ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 15 Europe ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 16 Europe ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 17 Europe ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 18 Europe ITS Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 19 U.K. ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 20 U.K. ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 21 U.K. ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 22 France ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 23 France ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 24 France ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 25 Germany ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 26 Germany ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 27 Germany ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 28 Rest of Europe ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 29 Rest of Europe ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 30 Rest of Europe ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 31 Asia Pacific ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 32 Asia Pacific ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 33 Asia Pacific ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 34 Asia Pacific ITS Market Value, by Country, 2017 – 2027 (US$ Bn)
TABLE 35 China ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 36 China ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 37 China ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 38 Japan ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 39 Japan ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 40 Japan ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 41 India ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 42 India ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 43 India ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 44 Rest of Asia Pacific ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 45 Rest of Asia Pacific ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 46 Rest of Asia Pacific ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 47 Rest of World ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 48 Rest of World ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 49 Rest of World ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 50 Rest of World ITS Market Value, by Region, 2017 – 2027 (US$ Bn)
TABLE 51 Latin America ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 52 Latin America ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 53 Latin America ITS Market Value, by Component, 2017 – 2027 (US$ Bn)
TABLE 54 Middle-East & Africa ITS Market Value, by Offerings, 2017 – 2027 (US$ Bn)
TABLE 55 Middle-East & Africa ITS Market Value, by Application, 2017 – 2027 (US$ Bn)
TABLE 56 Middle-East & Africa ITS Market Value, by Component, 2017 – 2027 (US$ Bn)

Frequently Asked Questions:

What is the size of Integrated Traffic System Market?

The market for Integrated Traffic System is expected to reach US$ 41.06 Bn 2027.

What is the Integrated Traffic System Market CAGR?

The Integrated Traffic System market is expected to see significant CAGR growth over the coming years, at 7.2%.

What is the Forecast period considered for Integrated Traffic System Market?

The report is forecasted from 2019-2027.

What is the base year considered for Integrated Traffic System Market?

The base year of this report is 2018.

Who are the major players in this market?

Sumitomo Electric Industries, Citilog SA, Cubic Corporation, Siemens., EFKON India pvt. Ltd., Imtac LLC., Intelvision Technologies Ltd., Iteris, Inc. are some of the major players in the global market.

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