Traffic Management Market by Solutions (ELV,Full Pedestrian,Led Signals & Retrofit Solutions,Intersection Controllers Parking Space and Toll Management),Detection by Region-Global forecast 2020.
The global traffic management market is expected to grow from USD 4.12 Billion in 2015 to USD 17.64 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 33.8% during the forecast period. Environmental concerns, rapid urbanization and population explosion, and demand for real-time information are some of the factors driving the traffic management system market.
The report aims at estimating the market size and future growth potential of the traffic management market across different segments such as solutions, detection types, displays, system types, and regions. The base year considered for the study is 2014 and the forecast period is from 2015 to 2020. The detection market is gaining high traction due to the increasing need for understanding traffic management issues. Moreover, the increasing demand for real-time information is another factor for increasing the usage of detection solution.
The research methodology used to estimate and forecast the traffic management market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global traffic management system market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which are then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors and executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of the profiles of the primaries is depicted in the below figure:
The figure below shows the break-down of the primaries on the basis of company, designation, and region, conducted during the research study.
Traffic Management Market
The traffic management ecosystem comprises solution providers such as IBM, CISCO, GE Transportation, and Kapsch TraffiCom; detection solution provider such as SWARCO, Traffic Solutions, LG CNS; display solution providers such as Kapsch AG, Cellint, and NEC which cater to the unique business requirements of the end users.
Key Target Audience:
- Transportation Service Providers
- IT Suppliers
- Networking and Telecommunication Companies
- Government Agencies
- Standardization Bodies
- Utilities Services Providers
Scope of the Report
The research report segments the traffic management market to following submarkets:
By System Type:
- Urban Traffic Management and Control (UTMC) System
- Adaptive Traffic Control System (ATCS)
- Journey Time Measurement System (JTMS)
- Predictive Traffic Modeling System (PTMS)
- Incident Detection and Location System (IDLS)
Route Guidance System
- Dynamic Traffic Management System (DTMS)
- Intermodal Transportation Planning System (ITPS)
- Traffic Management Training System (TMTS)
- Maintenance Tracking System (MTS)
- Traffic Data Management System (TDMS)
By Management Type:
By Solution:
- Extra Low Voltage (ELV) solutions
- Intersection controllers
- Full pedestrian solutions
- LED signals and retrofit solutions
- Parking space and toll management solutions
By Detection:
- Above-Ground Pedestrian and Vehicle Detection (AGPVD)
- Loop detection
- CCTV and ANPR capabilities
By Display:
- Variable message sign
- Vehicle information terminal
- Others
By Region:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa
- Latin America
