Integrated Traffic Systems Market 2019 By Industry Growth & Regional Trend To 2025
Category: #business  By Partha Ray  Date: 2019-08-13
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Integrated Traffic Systems Market 2019 By Industry Growth & Regional Trend To 2025

Global Market Insights, Inc. has released a new research study on Integrated Traffic Systems Market Analysis 2019-2025 inclusive of one or more factors covering regional opportunities, application landscape, product demand trends, and end-use portfolio of the industry over the forecast timeframe. The report also outlines the competitive framework of the industry detailing the SWOT analysis and market share dominance of the prominent players.

APAC integrated traffic systems market is expected to show significant growth over the forecast period due to growing urbanization in developing countries such as India and China. According to World Bank, 57.96% of the China’s population was living in the urban areas and 33% of the Indian population was living in urban areas in 2017. The increased population in cities is increasing traffic congestion across which is propelling the demand for integrated traffic system. The government authorities in the developing countries are focusing on improving the passenger safety specially for women and children.

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Europe is expected to dominate the integrated traffic systems market over forecast period due to increase in number of commercial and passenger vehicle sales in the region. For instance, according to International Organization of Motor Vehicle Manufactures, in 2017, the passenger vehicle sales in Europe was 17,937,345 and commercial vehicles sales was reported 2,978,680. The Germany was leading country in vehicle sales across the Europe with 3,811,246 total vehicle sales. The existing traffic systems is not able to handle the rising on road vehicles which is resulting in growing demand of integrated traffic system in European countries such as Germany and France.

Integrated Traffic Systems Market, By Offerings, 2014-2025 (USD Million)

  • Solutions
    • Traffic Monitoring
    • Number Plate Recognition System
    • Journey Time Measurement System
    • Traffic Control
      • Intelligent Traffic Lighting
      • Parking Management
      • Incident Detection System
    • Information Provision
      • Multifunctional System
      • Information Communication System
  • Services
    • Consulting
    • Deployment and Integration
    • Support and Maintenance

Integrated Traffic Systems Market, By Hardware 2014-2025 (USD Million)

  • Display boards
  • Sensors
    • Vehicle Detection Sensors
    • Pedestrian Presence Sensors
    • Speed Sensors
  • Radars
  • Surveillance cameras
  • Smart traffic lights
  • Interface boards

The above information has been provided for the following regions and countries:

  • North America
  • Europe
  • APAC
  • Latin America
  • MEA

 

The smart traffic infrastructure involves smart surveillance cameras which reduces the crimes associated with vehicles. It helps in avoiding the illegal vehicle driving practices such as traffic violating vehicle can be tracked and penalized at the next traffic junction based on the vehicle registration number. This helps in creating a discipline in driving practices which improves the road efficiency. It improves the reliability in journey times between various locations which enables passenger with enhanced quality of road-based transportation experience. There is lack of significant standardization of communication technologies used in integrated traffic significant which can be a big restraint in integrated traffic systems market demand. The integrated traffic system requires development of high cost smart road-side infrastructure. This can be a big challenge in adoption of integrated traffic systems in developing countries.

Browse complete summary of this research report @ https://www.gminsights.com/industry-analysis/integrated-traffic-systems-market

The major players operating in integrated traffic systems market are Siemens, Kapsch Trafficcom, Cisco, SWARCO, Sumitomo Electric, LG CNS, FLIR, Cubic Corporation, Jenoptik, Iteris, Savari, EFKON, Transcore, Imtac, Citilog, Atkins, GTT, Intelvision Technologies, PTV Group and Q-Free.

Methodology used in this report: - 

our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc.  Primary objectives of data mining include:

  • Integrated Traffic Systems Market Definition and scope of research
  • Integrated Traffic Systems Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Integrated Traffic Systems Market Demographics and statistical data

All the above factors are identified and analyzed in detail, with their present and expected market impact, which is quantified and used to derive market growth expectation. Market forecast is built using statistical analysis with models built around time-variance, regression and correlation analytics.

Significant emphasis is put on primary research, which serves the dual role or not only validating our findings but also obtaining penetrating market insights, which help us gain more clarity regarding business environment and competitive leverage. Notable participants in our primary research process include:

  • Leadership figures such as CEOs, CSOs, VPs etc. in key companies
  • Supply-chain participants, distributors and domain experts
  • Key customers and B2B clients

 

Market research reports: Key analytical components

Get this report Customized to your requirements @ https://www.gminsights.com/roc/3601

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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