Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR72963

  • Latest News- Integrated Traffic Systems Market: Traffic monitoring system is expected to lead the Solution segment during 2025-2029

    The Integrated Traffic Systems Market is being driven by Demand for effective traffic management due to growing number of vehicles

    The Integrated Traffic Systems Market is expected to grow at a CAGR of 14.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 22916.4 million. The global issue of urban traffic congestion is escalating due to the surge in disposable income and inadequate public transportation systems. In 2023, the US experienced a significant financial impact of over USD 70.4 billion in losses, marking a 15% increase from the previous year. Similarly, the UK recorded nearly USD 7.9 billion in losses for drivers, representing an 11% rise, while German drivers faced USD 3.5 billion in time lost, a 14% increase. The expansion of the middle-income population in emerging economies, particularly in China and Southeast Asian countries such as Indonesia, Malaysia, the Philippines, Thailand, and Vietnam, is driving the registration of new vehicles, exacerbating traffic congestion. 

    Get more information on Integrated Traffic Systems Market by requesting a sample report

    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Solution
      • Traffic monitoring system
      • Traffic control system
      • Others
    • Geography
      • North America
        • Canada
        • US
      • Europe
        • Germany
        • UK
        • France
      • APAC
        • China
        • India
        • Japan
      • South America
        • Brazil
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Demand for effective traffic management due to growing number of vehicles
      • Increasing toll road expansion plans
      • Government initiatives for development of intelligent transportation system

      However, the market also witnesses some limitations, which are as follows:

      • High setup cost and operating cost
      • Risk of errors and security breach
      • Low product replacement cycle

      Benefits of Buying Global Integrated Traffic Systems Market Research Report by Technavio

      Rich Experience: 20+ years leading global market research, trusted insights across industries.

      Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

      Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

      Market Scope in Integrated Traffic Systems Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      176

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 14.8%

      Market growth 2025-2029

      USD 22916.4 million

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      12.6

      Key countries

      US, Japan, China, UK, Germany, Canada, France, India, Brazil, and UAE

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      The Integrated Traffic Systems market encompasses advanced technologies and infrastructure, including connected infrastructure, public transport integration, and pedestrian safety, to enhance urban planning and optimize traffic flow. It facilitates last-mile delivery, vehicle-to-infrastructure communication, and accident reduction through data analysis, traffic simulation, and real-time traffic data. Smart mobility, city logistics, and infrastructure investment are key components, promoting sustainable transportation and transportation policy. Digital twins, traffic safety, bike infrastructure, and traffic management systems are essential elements, along with vehicle-to-vehicle communication, traffic forecasting, route optimization, mobility innovation, emission reduction, green transportation, government regulations, transportation technology, traffic data, traffic impact assessment, traffic volume, real-time traffic monitoring, smart traffic management, traffic data collection, traffic congestion mitigation, speed enforcement, and traffic violation punishment.

      Market Research Overview

      The Integrated Traffic Systems market encompasses businesses specializing in engineering services and EPC contracts for non-residential projects, focusing on advanced traffic management solutions. Key growth drivers include the surge in public-private partnerships for urban infrastructure development, prioritizing road safety, and the integration of communications technologies. Advanced systems, such as intelligent transportation, connected vehicles, and smart city initiatives, are revolutionizing traffic management. The market's expansion is further fueled by the increasing demand for traffic information and surveillance systems, enhancing overall city infrastructure and mobility.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

      Read News Read Less
      Interested in this report?
      Get your sample now!

    Safe and Secure SSL Encrypted

    Technavio

    • 2500 USD

    [5 reports/month/user]

    • 5000 USD

    close
    • Basic Plan [5000 USD/Year]:

      Single User
      Download 5 Reports/Month
      View 100 Reports/Month
      Add upto 3 Users at 625 USD/user

    • Teams Plan [7500 USD/Year]:

      5 User
      Download 5 Reports/Month/User
      View 100 Reports/Month/User
      Add upto 30 Users at 500 USD/user

    *You can upgrade to Teams plan at Subscription page

    close
    • Single:

      One user only.
      Quick & easy download option

    • Enterprise:

      Unlimited user access (Within your organization).
      Complimentary Customization Included

    *For Enterprise license, go to checkout page

    Technavio Get the report (PDF) sent to your email within minutes.

    Document