Code: IMR0216 | Automotive &Transportation | Sep-2021 | 145 Pages |
In 2021, the Global Intelligent
Traffic Management System Market’s size was valued at USD XX.XX billion and is
estimated to reach USD xx. xx billion by 2028 and is expected to be growing at
a CAGR of 12 % throughout the forecast period. In this report, 2021 has been
taken as the base year while 2020 is the historical year. The forecast year for
the report is 2028 to approximate the size of the market for Intelligent
Traffic Management System.
Icon Market Research’s report on Intelligent
Traffic Management System studies the past and current opportunities of growth
and trends to get a clear picture of the growth indicators of the market for
the forecast period 2021 to 2028. The report also offers the revenue generated
by the Intelligent Traffic Management System market considering 2020 as the
historical year, 2021 as the base year, and 2028 as the forecast year. The
report also consists of the compound annual growth rate (CAGR) for the Intelligent
Traffic Management System market over the forecast period.
Overview
Report of Intelligent
Traffic Management System Market
The Intelligent Traffic Management System market
report provides information and statistics on market shares, size, restraining
factors, and driving factors for the forecast period 2021 to 2028. It also
mentions the role of main market players in the automotive industry. The report
on Intelligent Traffic Management System market evaluates the value of the
market report, keeping in mind the application and regional segments, market
share, and size while forecasting the market for each product type and
application of the Intelligent Traffic Management System market in different
segments of the report. The research report also mentions some sections of the Intelligent
Traffic Management System market including opportunities, growth, trend, size,
demand, and technology used by prominent players of the market. Then, it gives
detailed profiles of the key players as a part of the competitive landscape of
the Intelligent Traffic Management System market.
The study of the
report divides it into several sub-segments and represents the whole automotive
industry. An estimation of the revenue generated by the entire automotive
industry and its sub-segments are also provided in the report. It decides the
factors that affect the demand of the automotive industry rapidly, including
methods of development, growth networks, and the product model. The report also
points out the greatest prospects for the growth of the automotive market such
as forecasting the growth of the market, the launch of new goods, and analysis
of the product demand, purchase decisions, several economic factors that are
important to determine the trend of Intelligent Traffic Management System
market, and the attractiveness of the market. The report on the Intelligent
Traffic Management System market will help in assisting the stakeholders in
identifying high-potential customers, such as distributors and manufacturers.
Methodology
of Intelligent Traffic
Management System Market
The methods used for collecting
information for the report involve 4 main activities. These activities help in
estimating the current size of the Intelligent Traffic Management System
market. Thorough secondary research was conducted to collect information on the
Intelligent Traffic Management System market, such as new technologies coming
into the market, and components connected with this market. Then the collected
information was validated with experts from the automotive industry across all
the value chains through primary researches. Both top-down and bottom-up
approaches were used for estimating the market size.
The secondary research includes
collecting data from sources such as government publications such as
country-level automotive associations and organizations, World Bank, Eurostat,
Organization for Economic Co-operation and Development (OECD), and CDC;
regulatory and corporate filings such as SEC filings, annual reports, investor
presentations, and business magazines, financial statements, press releases,
and research journals, free and paid automotive databases such as Organization
International des Constructer’s d’Automobiles (OICA), Marlines, etc., and
trade, business, and professional associations. The secondary data collected
was then analyzed to predict the overall size of the market which was later
validated with primary research.
Thorough primary research was done
after getting a clear picture of the Intelligent Traffic Management System
market through secondary research. Many market experts were interviewed for the
primary research from both the supply-side players and demand-side players and
across four major regions, namely, Europe, North America, Asia Oceania, and the
Rest of the World. Apart from the interviews, primary data was collected
through mails, questionnaires, and telephonic interviews.
Growth Mapping of Intelligent Traffic Management System Market
The main aim of the
Intelligent Traffic Management System report is to give the map of the growth
for the Intelligent Traffic Management System market that will help in
providing the clients with the required information for the formulation
strategies to meet their respective business goals. The report also provides
deep knowledge of the Intelligent Traffic Management System for the previous
year as well as for the forecast years and what the CAGR level of the market is
going to be. This report is a synopsis of what the market conditions are going
to be while also giving information regarding the market’s definition,
classifications, applications, and engagements are. This report also aims to
analyze the Intelligent Traffic Management System market’s developments
including the market improvement, market position, and others which are usually
done by the prominent players and brands of the automotive industry. This
report also consists of all the market drivers and restraints which are
obtained through SWOT analysis. The report also has the CAGR values of the Intelligent
Traffic Management System market for the base years 2021, the historic year
2020, and forecast years 2021-2028.
Regional
Analysis of Intelligent
Traffic Management System Market
The Intelligent Traffic Management System market report provides a study for more than 20 countries and their market players The report covers a regional and country-level analysis that covers North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East. The market is deeply analyzed for each region, which helps in identifying the market trends for each region, growth opportunities, and restraining factors.
For the forecast year 2021-2028,
it has been estimated that North America will the dominating market for Intelligent
Traffic Management System. This
region is expected to see growth in the automotive industry because of the
increasing population, increase in per capita income, and improvement in living
standards. There has been an increase in demand for comfort features in
vehicles and fuel-efficient vehicles which accelerates the growth of the Intelligent
Traffic Management System market. The weight reduction of vehicles and enhanced
energy efficiency is further driving the automotive industry. The other
factors which are driving the growth of the Intelligent Traffic Management
System market include the development of marketing analytics tools and firmly
established existing players in the market. In addition to this, government
agencies, companies, third-party administrators, etc. are channelizing their
efforts to make customer-centric automotive products which will also contribute
to the growth of the Intelligent Traffic Management System market in this
region. Rising demand for vehicles and their parts, increased investment by the
government, new and advanced technology, and machinery, along with the improved
marketing tactics will likely cause the Intelligent Traffic Management System
market to grow substantially.
The Asia Pacific market is estimated to grow at the highest CAGR during
the forecast period (2021-2028). This growth is driven by the increasing
research activities, growing demand for vehicles and parts, and an increasing
number of initiatives by market players for expanding their presence in the
APAC, and higher adoption of Intelligent Traffic Management System in several
APAC countries. Improvements
in GDP per capita and infrastructure development have urbanized the region to a
greater extent turning rural areas into urban areas. The sudden surge in the
demand has caused the cities to fall into unsustainable consumption models. The
top key players in the Intelligent Traffic Management System market are located
in the region. China and
India are expected to offer significant growth opportunities for players
operating in the Intelligent Traffic Management System market, owing to the
growing support from government bodies, increasing demand for new vehicles with
special features, and the presence of less-stringent regulations and data
requirements (as compared to developed countries) in their respective
healthcare systems.
Competitive
Landscape of Intelligent
Traffic Management System Market
The report provides a competitive
landscape on both the quantitative as well as qualitative research of Intelligent
Traffic Management System market. The report also provides detailed insights on
the development methods used by the key market players. The report offers deep
research on the key market players and details on the competitiveness of these
players. The main business strategies used by these players such as mergers and
acquisitions (M&A), collaborations, affiliations, and contracts are also
and analyzed in the report. For each competitor, the report studies their
global presence, service offerings, competitors, and specification. The main
players covered by the study on the global Intelligent Traffic Management
System market are: Cubic Corporation; SNC-Lavalin Group (Atkins); Thales Group;
International Business Machines Corporation; General Electric Company; Siemens
AG; Kapsch TrafficCom; TomTom International BV; Q-Free ASA; TransCore.
The Report
Provides Insights on The Following Pointers:
●
It gives a forecast analysis of
factors that are driving or restraining the development of the Intelligent
Traffic Management System market.
●
The report gives a seven-year
forecast value evaluated on the basis of the current market performance of the
automotive industry.
●
It helps in understanding the main
segments of the products and their future.
●
The report gives a deep analysis
of changing competition in the market which keeps you ahead of your
competitors.
●
The report gives the market definition of the Intelligent Traffic
Management System market along with the analysis of different factors
influencing the market such as drivers, opportunities, and restraints.
The Report
Answers Questions Such As:
●
What is the potential opportunity for the Intelligent Traffic
Management System market?
●
What are the major drivers, restraints, and opportunities of the Intelligent
Traffic Management System market?
●
What is the market share of the leading segments and sub-segments
of the Intelligent Traffic Management System market in the forecast period
(2021-2028)?
●
How did the Intelligent Traffic Management System market evolve?
●
How each segment of the Intelligent Traffic Management System
market is expected to grow during the forecast period?
●
What is the expected revenue to be generated by each of the
segments by the end of 2028?
●
What are the key development strategies implemented by the key
players to stand out in this Intelligent Traffic Management System market?
●
What is the preferred business model used for building Intelligent
Traffic Management System?
●
Which area of application is expected to be the highest revenue
generator in the Intelligent Traffic Management System market during the
forecast period?
●
Which end-user segment is expected to be the highest revenue
generator in this industry during the forecast period?
●
What is the potential of Intelligent Traffic Management System
market in the emerging countries during the forecast period?
Cubic Corporation
SNC-Lavalin Group (Atkins)
Thales Group
International Business Machines Corporation
General Electric Company
Siemens AG
Kapsch TrafficCom
TomTom International BV
Q-Free ASA
TransCore