According to a market report by Lucintel, the future of the global smart traffic management system market looks promising with opportunities in the traffic monitoring system, traffic signal control system, traffic enforcement camera, intelligent driver information system, and, integrated corridor management markets. The global smart traffic management system market is expected to reach an estimated $27 billion by 2030 from $11 billion in 2023 at a CAGR of 13% from 2023 to 2030. The major drivers for this market are the growth of adaptive traffic control, traffic analytics growth, and emergence of mobility as a service (maas).
A more
than 150-page report to understand trends, opportunity and forecast in global smart
traffic management system market to 2030 by product (traffic monitoring system,
traffic signal control system, traffic enforcement camera, intelligent driver
information system, integrated corridor management , and others), application
(highway, managed lanes, and others), and region (North America, Europe, Asia
Pacific, and the Rest of the World)
Lucintel
forecasts that highway will remain the largest segment over the forecast
period.
Within
this market, traffic signal system will remain the largest segment due to
government initiatives for developing the traffic infrastructure and emergence
of smart cities.
Download
sample by clicking on smart
traffic management system market.
Kapsch,
Siemens, Transcore, Delcan, Q-Free, Xerox, SICE are the major suppliers in the smart traffic management system
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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