Report Code: A12181 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
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Integrated traffic system (ITS) is an electronic system which is a combination of information technology and communication with transportation infrastructure thus it improves passenger safety and enhances the competence of overall transport process. Furthermore, it is being deployed by the road authority to support mobility in the city and improve passenger safety. ITS system contains database management system for collecting traffic data such as accidents, roadway volume, and others which is linked to traffic database for analysis programs. The objective of the system is to regulate and control the traffic in an area by giving priority to public transport and informing road users about traffic incidents. The system helps in reducing traffic congestion further improving passenger safety and transportation facilities. Moreover, it improves productivity by effectively scheduling routes, delivering traffic updates and forecasting time of arrival & departure. Thus, it is quite beneficial for the environment as it decreases the carbon emission by reducing vehicle congestion and reduces the number of accidents.
Market Scope and Structure Analysis:
Report Metric | Details |
 Market size available for years |  2020–2030 |
 Base year considered |  2020 |
 Forecast period |  2021–2030 |
 Forecast units |  Value (USD) |
 Segments covered | Function, Hardware Type, Sensors, Application, and Region |
 Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
 Companies covered | Citilog, Cubic Corporation, EFKON India, imtac, Intelvision Technologies Limited, Iteris Inc., Nuance Communication Inc., Savari Inc., Thales Group, and TransCore |
COVID-19 Impact Analysis:
Due to the outbreak of COVID-19 pandemic, year 2020 has been challenging for integrated traffic systems market. Major transport infrastructure developments and upgradation projects globally has been halted due to lockdown and travel restrictions. Moreover, unavailability of labour due to social distancing norms and other restrictions further delayed the projects. In addition, since no traffic was there in urban regions due to lockdown, the implementation of smart integrated traffic systems was slowed down in many regions. However, for ensuring smooth traffic control to make travel faster, safer, and environmentally friendly despite the slowdown caused by COVID-19 these factors along with smart city projects will augment the growth of integrated systems market post the pandemic.    Â
Top Impacting Factors
Market Trends
Rise in global traffic congestion
The current limitations of road infrastructure in developed and developing countries have fuelled the development for new and existing technologies such as integrated traffic systems. The rise in traffic and growing population in urban area with rise in concern for safety and security has boosted the demand for smooth and congestion- free travel. Moreover, the vehicle ownership ratio across the globe is increasing significantly thus, increasing the demand for better traffic management. Furthermore, due to limited availability of land and current road infrastructure the solution must be optimum. Therefore, optimum road infrastructure, better traffic control systems such as parking management and intelligent traffic lightings are required. For instance, on October 2018 Cubic Corporation announced acquisition of Advanced Traffic Solutions Inc to tackle urban traffic issues and increase traveller mobility to offer better services to people. Moreover, on June 2018 Uttar Pradesh, India launched India’s first integrated traffic management system (ITMS) to reduce traffic accidents, congestion and reduce pollution. All these efforts to reduce traffic congestion is expected to drive the integrated traffic systems market.        Â
Key Segments Covered:
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Benefits of the Report:
Questions answered in the integrated traffic systems market research report:
Integrated Traffic Systems Market Report Highlights
Aspects | Details |
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By Function |
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By Hardware Type |
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By Sensors |
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By Application |
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By Region |
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Key Market Players | Citilog, Intelvision Technologies Limited, EFKON India, Nuance Communication Inc., Thales Group, Cubic Corporation, Iteris Inc., Savari Inc., imtac, TransCore |
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