Integrated Traffic System Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 13.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Integrated Traffic System Market Analysis
The Integrated Traffic Systems Market anticipated to register a CAGR of about 13%, during the forecast period (2020 - 2025).
- The factors that are driving growth in the market are growing urbanization, rising traffic because of a greater number of vehicles and the increasing awareness about road safety. The primary purpose of the integrated traffic system is to strategically manage traffic in order to ease congestion, cut travel time, and in turn, manage millions of people living, working or visiting in cities.
- Various economies are dealing with growing traffic concerns and are deploying new systems that integrate communication and electronic technologies. Improved and better access to transportation is projected to augment the deployment of Integrated Traffic Systems over the forecast period.
- Governments around the world are spending heavily on developing their nation's big as smart cities. Transportation is a major factor for smart cities and hence traffic system market will grow further with the increase in smart city projects. In India there are 100 smart city projects and the government is coming up with the second version of the initiative in which other cities will also be included. All these factors are expected to drive the market growth.
Integrated Traffic System Market Trends
This section covers the major market trends shaping the Integrated Traffic System Market according to our research experts:
Surveillance Camera is Expected to be the Largest Segment
The main factors driving the growth in the market for surveillance camera are its requirement to keep real time tracking in every direction on the road, facilitating the identification of traffic violators for reducing accidents and managing traffic more efficiently. Surveillance cameras are exposed to weather and hence can get damaged due to natural and human causes, so they are supposed to be changed and this creates additional demand for the segment. For instance, In April 2019, Sensys Gatso Australia, the company has received a contract extension to the value of USD 5 million (AUSD7million) for the supply of mobile camera systems and services to the Government of the State of Victoria. These types of developments are poised to help the market witness a growth over the forecast period
Asia-Pacific is Expected to be the Market Leader
The Asia Pacific integrated traffic systems market is estimated to grow at a high CAGR during the forecast period. The growth of the Asia Pacific region is due to increased urbanization and vehicle sales in the region in the last two decades. The region accounts for almost 60% of the world's population and the vehicle sales on the region is expected to grow at a considerable pace, which is because of the growing industrialization and development activities in the region. With the increase in population and number of vehicles on road, various problems arise in controlling the traffic. For this purpose, the government in the region is spending heavily in installing technologically advanced products so that such cases can be reduced, and violators can be punished. For instance, in May 2019, the Noida police in India installed radar-based cameras that will help in detecting over speeding, signal violation, and other such offenders with 98% accuracy.
Integrated Traffic System Industry Overview
The Integrated Traffic Systems market is fairly fragmented with major players vying for considerable shares in the market. Some of the prominent companies in the Integrated Traffic systems market are Sumitomo Electric, Siemens, Swarco, Jenoptics and others. In July 2019, Sensys Gatso, USA has been awarded a Traffic Enforcement contract in Colombia, South America worth an estimated at USD 1 million to provide camera systems that will address the critical traffic enforcement needs in these highly populated areas, specifically; red light intersections, speed and bus lane enforcement.
Integrated Traffic System Market Leaders
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Sumitomo Electric
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Siemens
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LG CNS
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Kapsch Trafficcom
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Swarco
*Disclaimer: Major Players sorted in no particular order
Integrated Traffic System Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porters Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Sensors
- 5.1.1 Infra-Red Sensors
- 5.1.2 Weigh in motion Sensors
- 5.1.3 Acoustic Sensors
- 5.1.4 Others
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5.2 Hardware Type
- 5.2.1 Display Boards
- 5.2.2 Radars
- 5.2.3 Surveillance Cameras
- 5.2.4 Others
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5.3 Geography
- 5.3.1 North America
- 5.3.1.1 United States
- 5.3.1.2 Canada
- 5.3.1.3 Rest of North America
- 5.3.2 Europe
- 5.3.2.1 Germany
- 5.3.2.2 United Kingdom
- 5.3.2.3 France
- 5.3.2.4 Rest of Europe
- 5.3.3 Asia Pacific
- 5.3.3.1 India
- 5.3.3.2 China
- 5.3.3.3 Japan
- 5.3.3.4 South Korea
- 5.3.3.5 Rest of Asia-Pacific
- 5.3.4 Rest of the World
- 5.3.4.1 Brazil
- 5.3.4.2 Mexico
- 5.3.4.3 United Arab Emirates
- 5.3.4.4 Other Countries
6. COMPETITIVE LANDSCAPE
- 6.1 Vendor Market Share
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6.2 Company Profiles
- 6.2.1 Sumitomo Electric
- 6.2.2 Siemens
- 6.2.3 Swarco
- 6.2.4 Kapsch Trafficcom
- 6.2.5 LG CNS
- 6.2.6 Jenoptics
- 6.2.7 FLIR
- 6.2.8 Sensys Gatso Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Integrated Traffic System Industry Segmentation
The Integrated Traffic systems market covers the latest trends and technological development in the Integrated Traffic systems markets, demand by sensors (Infra-red sensors, Weigh in motion sensor, acoustic sensor and others) Hardware Type (display boards, radars, surveillance cameras and others) and Geography.
| Sensors | Infra-Red Sensors | |
| Weigh in motion Sensors | ||
| Acoustic Sensors | ||
| Others | ||
| Hardware Type | Display Boards | |
| Radars | ||
| Surveillance Cameras | ||
| Others | ||
| Geography | North America | United States |
| Canada | ||
| Rest of North America | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Rest of Europe | ||
| Geography | Asia Pacific | India |
| China | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Rest of the World | Brazil |
| Mexico | ||
| United Arab Emirates | ||
| Other Countries |
Integrated Traffic System Market Research FAQs
What is the current Integrated Traffic System Market size?
The Integrated Traffic System Market is projected to register a CAGR of 13% during the forecast period (2024-2029)
Who are the key players in Integrated Traffic System Market?
Sumitomo Electric, Siemens , LG CNS, Kapsch Trafficcom and Swarco are the major companies operating in the Integrated Traffic System Market.
Which is the fastest growing region in Integrated Traffic System Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Integrated Traffic System Market?
In 2024, the Asia Pacific accounts for the largest market share in Integrated Traffic System Market.
What years does this Integrated Traffic System Market cover?
The report covers the Integrated Traffic System Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Integrated Traffic System Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Integrated Traffic System Industry Report
Statistics for the 2024 Integrated Traffic System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Integrated Traffic System analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
