New York, NY, Sept. 11, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Integrated Traffic Systems Market By Sensor Type (Infrared, Weigh-In Motion, and Acoustic), By Function (Traffic Control, Traffic Monitoring, and Information Provision), and By Hardware (Sensors, Display Boards, Radars, Surveillance Cameras, Interface Boards, Smart Traffic Lights, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, global integrated traffic systems market was valued at around USD 20.88 billion in 2018 and is expected to reach approximately USD 37.19 billion by 2025, growing at a CAGR of slightly above 8.6% between 2019 and 2025.
Integrated traffic systems are multi-modal transport systems, where modes of transport are linked with each other. The implementation of integrated traffic systems will result in easy movement of automobiles via various modes of transport, like railways, roads, coastal, ports, shipping, civil aviation, and inland water.
Browse through 54 Tables & 29 Figures spread over 172 Pages and in-depth TOC on “Global Integrated Traffic Systems Market Size & Share 2018: By Technology, Structure, Industry Type, Trends, Analysis and Forecast to 2025”.
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The rising demand for road safety of travelers and surging call to cut road traffic are propelling the integrated traffic systems market globally. Owing to the requirement road safety, the increasing concerns for new infrastructural development will also propel the integrated traffic systems market in the future. Moreover, traffic monitoring is a step to recognize traffic patterns to select an optimal solution for the traffic flow. Traffic monitoring consists of numerous functions, such as vehicle detection, journey time measurement systems, and automatic number plate detection, which helps in tracking vehicles and monitoring traffic in real-time. Increasing investments to enhance existing road infrastructure is also anticipated to support market demand. However, the lack of standardized and uniform technologies for integrated traffic systems might curtail the market in the years ahead.
On the basis of hardware, the integrated traffic systems market comprises sensors, display boards, radars, surveillance cameras, interface boards, smart traffic lights, and others. Surveillance cameras are likely to hold a significant share in the integrated traffic systems market, as they are among the most vital components in managing traffic. They can monitor and detect traffic conditions in real-time and send relevant data to the control rooms. Many countries across the world are using surveillance cameras to support rapid traffic movement in urban areas. By function, the integrated traffic systems market includes traffic control, traffic monitoring, and information provision. Intelligent traffic lightings, under the traffic control segment, are anticipated to hold a significant market share, owing to the increasing demand for reduced waiting time in traffic jams.
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North American countries are likely to grow at a significant rate in the integrated traffic systems market, due to their technologically-advanced infrastructure. The regional governments are spending majorly to enhance their infrastructures like highways, tunnels, roads, and bridges in urban areas, to effectively deal with increased road incidents. Moreover, these governments are also changing their existing law enforcement and strategizing to make roads safer for commuters, which, in turn, are supporting the region’s integrated traffic systems market growth.
The integrated traffic systems market in Europe will grow at a noteworthy rate over the predicted time period, owing to the rising regional adoption of road condition sensors and incident detection systems. These systems help in detecting problems like stopped vehicles, traffic congestion, and wrong way vehicle entry on roads. These systems will also notify vehicle operators about how to deal with different traffic situations to avoid collisions, better manage traffic, and offer enhanced road safety.
Browse the full “Integrated Traffic Systems Market By Sensor Type (Infrared, Weigh-In Motion, and Acoustic), By Function (Traffic Control, Traffic Monitoring, and Information Provision), and By Hardware (Sensors, Display Boards, Radars, Surveillance Cameras, Interface Boards, Smart Traffic Lights, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/integrated-traffic-systems-market
The Asia Pacific is projected to grow significantly in the integrated traffic systems market in the years ahead, owing to the rising investments for infrastructures like smart cities and roads. Moreover, the implementation of integrated traffic systems is rising in numerous bedding economies of India and Hong Kong, which will ensure improved efficiency and safety of transportation systems. Owing to the highly-populated countries, the demand for integrated traffic system is booming.
Vehicle safety standards in Latin America show slow growth currently, but it will soon be experiencing growth in the integrated traffic systems market. Automobile safety standards are essential to improve road safety. Moreover, there has been an implementation of traffic management programs in 15 cities across Latin America, which includes temporary restrictions on the use of roads at specific day or times under traffic management measures. Additionally, some successfully implemented plans, such as the use of counter-flow channels during peak hours, roads blocks for their use by pedestrians and cyclists, and exclusive lanes for public transportation, are also rising in number in the region that will further stimulate this regional market’s growth in the future.
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Some noticeable players of the integrated traffic systems market are Cubic, Cisco, Sumitomo, Siemens, Swarco, LG CNS, KapschTrafficCom, Jenoptik, Flir, and Iteris.
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This report segments the global integrated traffic systems market into:
Global Integrated Traffic Systems Market: Sensor Type Analysis
- Infrared Sensors
- Weigh-In Motion Sensors
- Acoustic Sensors
- Road Condition Sensors
- Visibility Sensors
- Thermal Mapping Sensors
- Wind Speed Sensors
- Inductive Loop Detectors
Global Integrated Traffic Systems Market: Function Analysis
- Traffic Monitoring
- Automatic Vehicle Detection
- Number Plate Recognition System
- Journey Time Measurement System
- Traffic Control
- Intelligent Traffic Lightings
- Parking Management
- Incident Detection System
- Information Provision
- Multifunctional System
- Information Communication System
Global Integrated Traffic Systems Market: Hardware Analysis
- Sensors
- Display Boards
- Radars
- Surveillance Cameras
- Interface Boards
- Smart Traffic Lights
- Others
Global Integrated Traffic Systems Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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