Los Angeles, CA -- (SBWIRE) -- 09/24/2018 -- This report focuses on the global Traffic Management Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Traffic Management Systems development in United States, Europe and China.

Traffic management systems refer to the IT solutions provided by vendors to improve the traffic flow and enhance passenger safety. The traffic management systems consume data from disparate sources such as road sensors, CCTV cameras, and traffic control centers. The systems process these data and generate useful information, which is passed on to end-users such as passengers, traffic control agencies, and police stations. Traditionally, traffic management systems helped to save time and reduce wastage of fuel by reducing traffic congestion. However, with the advances in communication technologies and the internet, the traffic management systems now help users in more widely applications by building a whole traffic networking.

With the rising population and vehicles, traffic safety has become increasingly important, which drives the demand for traffic management systems growing.

From 2010 to 2014, due to the intellectualization of traffic management systems, global traffic management systems industry developed fast with near 13.5~17.5% growth rate. As for China, because of the late start, traffic management systems industry has experienced an explosive growth, the growth rate is higher than 17.5% and average growth rate reached to 20%.

In the next years, it is estimated that traffic management systems industry will continue developing rapidly and the global revenue will reach to near 9.5 billion USD, while the same data will be 4.3 billion USD in China.

Due to the high opportunities in the R&D and sales of traffic management systems, in the future, there will be more and more investors entering into this industry.

Competition becomes more intense in traffic management systems industry, and providers will face the high risk of further price and gross margin decline in the future.

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The key players covered in this study

Kapsch TrafficCom

SWARCO

Siemens

TomTom

THALES

IBM

Cubic

Fujitsu

Market segment by Type, the product can be split into

Integrated Urban Traffic Control System

Freeway Management System

Electronic Toll Collection (ETC)

Advanced Public Transportation System

Others

Market segment by Application, split into

Urban Traffic

Inter-Urban

Parking Management

Info-mobility

Public Transport

Freeway

Consultancy & Planning

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