Integrated Traffic Systems Market by Function (traffic monitoring, traffic control, information Provision), Sensors, Hardware Type (display boards, sensors, radars, interf
Northbrook, IL -- (SBWIRE) -- 04/25/2019 -- The report "Integrated Traffic Systems Market by Function (traffic monitoring, traffic control, information Provision), Sensors, Hardware Type (display boards, sensors, radars, interface boards, surveillance cameras), and Region – Global Forecast to 2025" The global integrated traffic systems market is projected to grow from USD 22.7 billion in 2019 to USD 37.5 billion by 2025, at a CAGR of 8.7%. Increasing urbanization across the globe is estimated to drive the integrated traffic systems market
Browse 57 market data Tables and 42 Figures spread through 130 Pages and in-depth TOC on "Integrated Traffic Systems Market"
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=207068786
Traffic monitoring, by function, is estimated to hold the largest market share during the forecast period
Traffic monitoring is the first step to identify the pattern of traffic to choose an optimum solution for traffic flow. Traffic monitoring consists of many functions such as automatic number plate detection, vehicle detection, and journey time measurement systems. Developing countries such as India and China, are facing rapid urbanization rate which has resulted in continuous monitoring of the traffic to avoid congestion and predict traffic pattern. This is estimated to lead the traffic monitoring segment to the highest market share in the integrated traffic systems market by 2025.
Sensors are estimated to be the fastest growing hardware, by hardware type, during the forecast period
Sensors are estimated to grow at the highest CAGR in traffic monitoring systems. The highest growth in the sensors market can be attributed to the application of sensors in multiple systems. Sensors are used in traffic management for gathering data and sending traffic safety warnings. Sensors play a pivotal role in controlling and managing a city's traffic. Further, they help in providing driving assistance.
The growing demand for traffic monitoring and traffic control to increase the average speed of the traffic is propelling the demand for sensors. Moreover, the advent of connected technologies in traffic systems will act as a catalyst to the growth of the sensors market in the future.
Europe to be the largest integrated traffic systems market
The European integrated systems market is estimated to be the largest in 2019. The significant increase in the volume of vehicular traffic over the last couple of decades and the inability of existing transport infrastructure to support the same is estimated to drive the demand for integrated traffic systems. Additinally, developed countries such the UK and Germany with a stringent focus on road safety will further drive the market.
The report analyzes all major players in the integrated traffic systems market such as Kapsch TrafficCom (Austria), Cubic (US), Swarco (Austria), Siemens (Germany), and Iteris (US).
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/integrated-traffic-system-market-207068786.html
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441