Global Smart Traffic Management Systems Market Size Analysis, 2018-2028
| REPORT ID: BKR708 | Domain: Automotive and Transport | Published Date: May 2018 |
Global Smart Traffic Management Systems Market Size Analysis
The Global Smart Traffic Management Systems Market Size is estimated to be valued over USD 7.6 billion in 2018 and will register a CAGR of 21% to create high revenue opportunity for industry players during the forecast period (2018-2028).
Global Smart Traffic Management Systems Market Drivers and Challenges
Automation is playing a key role across wide range of industry verticals including traffic management. In recent years, higher vehicles sales has led to higher road density – resulting in traffic congestions. Each year, over 80 million vehicles are introduced on road. Narrower road has been a cause of concern in developing regions of Asia Pacific and Latin America. As a result government is emphasizing on road connectivity and reduce the backlogs. Introduction of smart traffic management systems is expected to play a crucial role in overall development of road safety.
Installation of such devices has heighted to a new level in North America and Western Europe. AS per the estimates, penetration level of STMS in developed region is 8X higher compared to developing regions. Changing macroeconomic scenario in developing regions will further fuel the overall sales of STMS. China and India are expected to play a key role in overall deployment of such systems.
Introduction of smart traffic management systems is a cost effective measure wherein maintenance cost is very low. AS such, it plays a crucial role in overall development of smart cities. As per the estimates, there will be atleast on STMS on 5 Km2 road by 2028. Well-developed strategy could help companies to strengthen their market presence and generate high ROI.
Global Smart Traffic Management Systems Market Analysis, By System
By system, urban traffic management and control system will dominate the overall sales in 2018. By 2020, UTMC, maintenance traffic systems and and traffic data management systems will account for over 46% of overall sales.
Global Smart Traffic Management Systems Market Analysis, By Detection Capabilities
By detection capabilities, CCTV based STMS will gain highest penetration creating higher incremental opportunity for industry players.
Global Smart Traffic Management Systems Market Analysis, By Ownership Model
Based on ownership model, the smart traffic management systems market size is segmented into government based, private based entities, and government –private joint model. Government based ownership dominated the overall sales. As per the estimates, government based ownership accounted for over 86% in 2017. This will lose market share to private entities by 2028.
Global Smart Traffic Management Systems Market Analysis, By Deployment
Based on deployment, highways and local streets will dominate the global traffic management systems market in 2018. AS per the estimates, highways and local streets collectively accounted for over 69% of total deployment in 2017. It is expected that freeways and expressways will gain significant traction in overall deployment by 2028.
Global Smart Traffic Management Systems Market Size and Forecast: Regional Analysis
In 2017, North America and Western Europe collectively accounted for over 77% of global traffic management systems market valuation. Well-connected roads and better connectivity has led to the regions dominate the overall sales. There will be high adoption of STMS in these regions in between 2018 and 2022.
Asia Pacific will gain significant traction with higher spending on smart cities project. Recently, Government of India announced US$ 2 Trillion investment in smart cities project. Such projects will create favorable market opportunity for industry players. It is expected that region will gain over 15% market share between 2016 and 2028.
Global Smart Traffic Management Systems Market Size and Forecast: Competition Landscape
Some of the key global Smart Traffic Management Systems market players are GE Transportation, Hisense TransTech, Peek traffic, IBM Corporation, Kapsch TrafficCom, Kyosan Electric, Imtech, Cubic, Q-Free, Siemens AG, Baokang Electronic, SWARCO, and Wantong Technology.
Smart Traffic Management Systems Market Industry Segmentation
By System:
- Traffic Data Management System (TDMS)
- Incident Detection and Location System (IDLS)
- Adaptive Traffic Control System (ATCS)
- Urban Traffic Management and Control (UTMC) System
- Journey Time Measurement System (JTMS)
- Predictive Traffic Modeling System (PTMS)
- Dynamic Traffic Management System (DTMS)
- Intermodal Transportation Planning System (ITPS)
- Route Guidance System
- Maintenance Tracking System (MTS)
- Traffic Management Training System (TMTS)
By Detection Capabilities:
- Vehicle Detection
- CCTV
- Smart Sensors
- Others
- Loop Detections
By Vehicle Type:
- Heavy Duty Vehicles
- Light Weight Vehicles
- Mid-Level
- Premium
- Luxury
- Sports
- SUV
By Ownership Model:
- Government
- Private
- Partnership Model
By Deployment:
- Expressways
- Highways
- Freeways
- Local Streets
What Will You Discover in the Report?
- An in-depth analysis of the Smart Traffic Management Systems market across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
- How the Smart Traffic Management Systems market sales is expected to grow throughout the forecast period.
- How geopolitical policies and technological changes will affect the Smart Traffic Management Systems market in near future
- Where the stakeholders should invest to generate higher profit margins
- How consumers (end-users) will reflect to the Smart Traffic Management Systems industry during the forecast period
- Who are the Smart Traffic Management Systems industry leaders and what are the key initiatives taken by them for long term growth
Who will benefit from the Report?
- Smart Traffic Management Systems Industry Suppliers
- Smart Traffic Management Systems Industry Manufacturers
- Consultants and Analysts
- Researchers
- Industry Specialists
Analyst access with Bekryl Market Analysts
Purchasing of Smart Traffic Management Systems market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.
Smart Traffic Management Systems Market Size TOC
- Report Structure
- Research Methodology
- Market Engineering Factors Weightage
- Market Share Methodology
- Executive Summary
- Key Findings
- Market Engineering Factors
- Industry Expert Perspectives
- Market Definitions
- The Global Smart Traffic Management Systems Market Value
- Overall Market Forecast
- Smart Traffic Management Systems Growth Outlook, By Segments
- Smart Traffic Management Systems Growth Scenario, by Region
- The Smart Traffic Management Systems Industry Ecosystem
- Parent Market Overview
- Industry Value Chain and Distribution Analysis
- Growth Factor Analysis
- Key Industry Players By Region
- The Smart Traffic Management Systems Industry Dynamics
- Drivers
- Challenges
- Opportunities
- Mega Trends
- Geographical Trends
- Industry Experts Views
- Merger Acquisition
- Regulatory Compliances, By Selected Countries
- Key Industry Developments
- The Smart Traffic Management Systems Market Pricing Analysis
- Smart Traffic Management Systems Product Pricing Forecast
- Pricing Analysis By Region
- Pricing Trends
- Global Smart Traffic Management Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Industry Predictive Analysis
- Smart Traffic Management Systems Industry Segment Comparative Ranking Analysis
- Key Companies Involved and Initiatives
- Global Industry Opportunity Proposition Analysis
- Market Share Analysis, (%)
- Global Smart Traffic Management Systems Market Size and Forecast, (2017-2027)
- Market Value Forecast (US$ Million)
- Growth Analysis (Y-o-Y) and Forecast
- Global Smart Traffic Management Systems Industry Size and Forecast, By Segments
- By Vehicle Type
- Hybrid Electric Vehicle
- Parallel Hybrid Electric Vehicle
- Series Hybrid Electric Vehicle
- Series Parallel HEV
- Battery Electric Vehicles
- Hybrid Electric Vehicle
- By Ownership
- Government Transport Systems
- By Vehicle Type
Private Transport Owner By System:
- Traffic Data Management System (TDMS)
- Incident Detection and Location System (IDLS)
- Adaptive Traffic Control System (ATCS)
- Urban Traffic Management and Control (UTMC) System
- Journey Time Measurement System (JTMS)
- Predictive Traffic Modeling System (PTMS)
- Dynamic Traffic Management System (DTMS)
- Intermodal Transportation Planning System (ITPS)
- Route Guidance System
- Maintenance Tracking System (MTS)
- Traffic Management Training System (TMTS)
By Detection Capabilities:
- Vehicle Detection
- CCTV
- Smart Sensors
- Others
- Loop Detections
By Vehicle Type:
- Heavy Duty Vehicles
- Light Weight Vehicles
- Mid-Level
- Premium
- Luxury
- Sports
- SUV
By Ownership Model:
- Government
- Private
- Partnership Model
By Deployment:
- Expressways
- Highways
- Freeways
- Local Streets
- North America Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis
- North America Smart Traffic Management Systems Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- North America Smart Traffic Management Systems Market, By Segments (As mentioned in section 10 of TOC)
- S. Smart Traffic Management Systems Market Size and Forecast, By Segments
- Canada Smart Traffic Management Systems Market Size and Forecast, By Segments
- Latin America Smart Traffic Management Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Latin America (South America) Smart Traffic Management Systems Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Latin America Smart Traffic Management Systems Market, By Segments (As mentioned in section 10 of TOC)
- Brazil Smart Traffic Management Systems Market Size and Forecast, By Segments
- Argentina
- Mexico
- Rest of Latin America
(Smart Traffic Management Systems industry analysis covered across Latin America countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Western Europe Smart Traffic Management Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Western Europe Smart Traffic Management Systems Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Western Europe Smart Traffic Management Systems Market, By Segments (As mentioned in section 10 of TOC)
- Germany Smart Traffic Management Systems Market Size and Forecast, By Segments
- UK
- France
- Spain
- Italy
- NORDIC
- Switzerland
- Rest of Western Europe
(Smart Traffic Management Systems industry analysis covered across Western Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Central and Eastern Europe (CEE) Smart Traffic Management Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Regional Countries
- Central and Eastern Europe Smart Traffic Management Systems Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Central and Eastern Europe Smart Traffic Management Systems Market, By Segments (As mentioned in section 10 of Smart Traffic Management Systems Market TOC)
- Russia Smart Traffic Management Systems Market Size and Forecast, By Segments
- Poland
- Ukraine
- Rest of CEE
(Smart Traffic Management Systems industry analysis is covered across Central and Eastern Europe countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Asia Pacific Smart Traffic Management Systems Industry Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Asia Pacific Countries
- Asia Pacific Smart Traffic Management Systems Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Asia Pacific Smart Traffic Management Systems Market, By Segments (As mentioned in section 10 of TOC)
- Japan Smart Traffic Management Systems Market Size and Forecast, By Segments
- China
- India
- South Korea
- Australia
- ASEAN
- Rest of Asia Pacific
(Smart Traffic Management Systems industry analysis is covered across Asia Pacific countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Middle East Smart Traffic Management Systems Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Middle East Countries
- Middle East Smart Traffic Management Systems Market Analysis
- Industry Size and Forecast, (2017-2027)
- Industry Share (%)
- Industry Growth Forecast (%)
- Middle East Smart Traffic Management Systems Market, By Segments (As mentioned in section 10 of TOC)
- GCC Smart Traffic Management Systems Market Size and Forecast, By Segments
- Israel
- Rest of Middle East
(Smart Traffic Management Systems industry analysis is covered across Middle East countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Africa Smart Traffic Management Systems Market Value and Forecast
- Introduction
- Industry Initiatives
- Bekryl Predictive Analysis
- Comparative Ranking Analysis, By Segments (As mentioned in section 10)
- Key Companies Involved and Initiatives, By Region
- Industry Value Proposition Analysis, By Africa Countries
- Market Share Analysis, (%)
- Africa Smart Traffic Management Systems Industry Size and Forecast, (2017-2027)
- Africa Smart Traffic Management Systems Industry Share (%)
- Africa Smart Traffic Management Systems Industry Growth Forecast (%)
- South Africa Smart Traffic Management Systems Market Size and Forecast, By Segments
- Algeria
- Nigeria
(Smart Traffic Management Systems industry analysis is covered across Africa countries by segments mentioned in section 10. Request Sample to access detailed TOC and Research Framework)
- Smart Traffic Management Systems Market Competitive Landscape
- Competition Dashboard
- Funding and Investment
- Company Market Positioning
- Marketing Mix Strategies
- Product Level Strategies
- Go-to-Market Strategies
- SWOT Analysis
- Key Developments, By Companies
- Company Profiles*
- GE Transportation,
- Hisense TransTech,
- Peek traffic,
- IBM Corporation,
- Kapsch TrafficCom,
- Kyosan Electric,
- Imtech,
- Cubic,
- Q-Free,
- Siemens AG,
- Baokang Electronic,
- SWARCO,
- Wantong Technology
- Analyst Opinion
- Summary and Conclusion
- For more Information, Bekryl can help
*(SWOT, Key Developments, and Strategies are based on individual companies)
To access the detailed Smart Traffic Management Systems industry TOC and sample research pages, download sample.
Smart Traffic Management Systems Market Report Structure
Smart Traffic Management Systems Industry Dynamics
This section enables Smart Traffic Management Systems industry stakeholders to understand the prevalent market conditions and help them prioritize their investment strategy. Factors that are favorable to Smart Traffic Management Systems market growth is equated with challenges – resulting in proper growth strategy module. Drivers and challenges provide early assessment of current Smart Traffic Management Systems industry trends and keep industry leaders abreast of latest happenings.
This section includes:
- Market Drivers
- Market Challenges
- Smart Traffic Management Systems Industry Trends
- Smart Traffic Management Systems Value Chain Analysis
- Marketing Opportunities
- Regulatory Aspects
- Smart Traffic Management Systems Industry Experts Market Opinion
Industry Analysis, By Segments
Industry stakeholders receive detailed analysis of the Smart Traffic Management Systems industry trends. Anticipate key market trends across market analysis segments with Bekryl Market Analysts model.
Each segment has research framework, essential to understand the market scenario in near future.
Each segment includes:
- Market Size and Forecast
- Annual Growth Rate Analysis (AGR)
- Key Trends, By segments
- Key Industry Developments
- Investment Proposition Analysis
- Potential Addressable Market Analysis
- Growth Factor, By Segment Analysis
This section helps in understanding the overall demand across end-users. As such, the industry stakeholders are able to minimize the operational cost and take better strategic decisions.
Competition Landscape
Keep abreast of key strategies of industry leaders and regional Smart Traffic Management Systems industry players. Company profiles allow industry stakeholders to competitor’s strategic decision and understand how these affect their own business.
This section include:
- Competition dashboard
- SWOT Analysis by Companies
- Go-to-market sales strategy
- Financial performances subject to listed companies
- Market Share Analysis
- Analyst Recommendation
Regional Market Analysis
Regional analysis help industry leaders to better understand the dynamics of their current market and determine which regional market their company should target to strengthen their market presence globally. The Smart Traffic Management Systems market report offers industry scenario in 24+ countries. Regional section focus on economic context, regulatory framework, supply demand balance trends and key regional companies engaged in the market.
This section include:
- Market Size by Country and Region
- Market Opportunity, By Country and Region
- Regional Trends
- Growth Analysis and Forecast
Country Profiles
Country profiles help industry leaders to better analyze the market at root level – thereby framing strategies that could add value to the overall organization. This section contains information pertaining to key developments and research framework mapping the potential attractive end-users. Factors are equated with macroeconomic conditions to help leaders minimize operational risks if any
North America Smart Traffic Management Systems Market Size
- U.S.
- Canada
Latin America Smart Traffic Management Systems Market Size
- Brazil
- Mexico
- Argentina
- Rest of Latin America
(*Smart Traffic Management Systems Market value analyzed across each Latin America country)
Western Europe Smart Traffic Management Systems Market Size
- Germany
- UK
- France
- Switzerland
- Spain
- Italy
- NORDIC
- Rest of Western Europe
(*Smart Traffic Management Systems Market value analyzed across each Western Europe country)
Central and Eastern Europe Smart Traffic Management Systems Industry Analysis
- Russia
- Poland Meat
- Ukraine Meat
- Rest of Eastern Europe
(*Smart Traffic Management Systems Market value analyzed across each Central and Eastern Europe country)
Asia Pacific Smart Traffic Management Systems Industry Size
- China
- India
- Japan
- Australia
- South Korea
- ASEAN Meat
- Rest of Asia Pacific
(*Smart Traffic Management Systems Market value analyzed across each Asia Pacific country)
Middle East Smart Traffic Management Systems Industry Size
- GCC
- Israel
- Rest of Middle East
(*Smart Traffic Management Systems Market value analyzed across each Middle East country)
Africa Smart Traffic Management Systems Industry Size
- South Africa
- Algeria
- Nigeria
- Rest of Africa
Smart Traffic Management Systems Market Research Methodology
Bekryl Market Analysts has earned reputation within the market research and consulting industry for its ability to not only collect and reprint data but also its ability to build upon its extensive models and databases to provide meaningful forecasting and strategic planning services to clients.
Our research analyst and industry experts thoroughly investigates the industry by extensively interviewing the industry leaders and analyzing information from various secondary sources. The information collected is analyzed with the help of analytical tools to offer real time forecast solutions.
Smart Traffic Management Systems Market Growth Forecasting Methodology
In order to prepare historical data and analyze Smart Traffic Management Systems market forecast, Bekryl prepare data for product supply and actual demand from end-use consumers. Through this, we get to know actual demand for Smart Traffic Management Systems market globally. The data collection is done through secondary and primary market research and then a constructive model is developed.
- Secondary market research involves data collection through various paid publications and government agencies. Various journals and pre-encrypt transcripts is decoded to get the real time data solutions
- The data collected through secondary research is then validated with the industry experts to minimize the anomaly and reflect key stakeholders opinion in the report.
With the model constructed, the cluttered data collected through different sources is structured with the help of proprietary analytical tools – making us understand the variation happened in the current year compared to historical years. To forecast Smart Traffic Management Systems market revenue, Bekryl Market Analysts takes in consideration the demand growth of the segments. Demand for the product is dependent on end-user spending which is a function of many factors: amongst them macroeconomic strength, price variation and other base factors.
The forecast methodology requires extensive data analysis across countries. Among all the factors, GVA and GDP output is considered as the first set of approximation. Bekryl Market Analysts has developed a demand driven model based on GDP across targeted countries. Under this, co-relation is analyzed between product and GDP – resulting in a constant GDP-Product coefficient. Higher the coefficient- greater will be the growth rate. For instance, GDP-Product segment coefficient matrix of 3 denotes Smart Traffic Management Systems industry growth is nearly 3.5X to 5.5X higher than the relative GDP.
Besides GDP-Product Coefficient, Bekryl establishes following relation variation for higher predictive analysis.
- Base Factors Growth Analysis
- Price Variation Analysis
- Potential Consumer Mapping
Smart Traffic Management Systems Industry Players: Competition Landscape Methodology
Bekryl maps key market players across regions. Financial ratios is taken in consideration along with regional presence and their value chain to understand the company market strength. Thereafter, investment proposition for each company is proposed which gives coefficient matrix value for the company. Industry experts is also reflected in company landscape.
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