PUBLISHER: The Business Research Company | PRODUCT CODE: 1704630
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704630
An integrated traffic system encompasses a comprehensive array of technologies, infrastructure, and management strategies aimed at optimizing traffic flow and reducing congestion in urban areas. This approach improves efficiency, safety, and sustainability in overseeing both vehicular and pedestrian movement throughout a city or region.
The primary components of integrated traffic systems include display boards, interface boards, radars, sensors, smart traffic lights, surveillance cameras, and other related hardware. Display boards serve as electronic signs within traffic systems, offering real-time updates to drivers on traffic conditions, speed limits, road closures, and other critical information. These systems are essential for managing traffic flow effectively and ensuring road safety, categorized into functions such as traffic monitoring, control, and information dissemination for urban traffic and highways.
The integrated traffic system market research report is one of a series of new reports from the business research company that provides integrated traffic system market statistics, including integrated traffic system industry global market size, regional shares, competitors with an integrated traffic system market share, detailed integrated traffic system market segments, market trends and opportunities, and any further data you may need to thrive in the integrated traffic system industry. This integrated traffic system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The integrated traffic system market size has grown strongly in recent years. It will grow from $32.1 billion in 2024 to $35.25 billion in 2025 at a compound annual growth rate (CAGR) of 9.8%. The growth in the historic period can be attributed to urbanization leading to increased congestion in cities, growing global population and vehicle ownership, expansion of smart city initiatives, government investments in transportation infrastructure, increasing concerns over road safety.
The integrated traffic system market size is expected to see strong growth in the next few years. It will grow to $50.69 billion in 2029 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to continued urbanization and population growth, accelerated adoption of electric vehicles, expansion of smart city initiatives globally, increasing investments in infrastructure development in emerging economies, Emphasis on sustainability and reducing emissions. Major trends in the forecast period include AI and machine learning integration, integration of IoT, real-time data analytics, innovation in sensor, surveillance technologies.
The anticipated rise in global traffic congestion and jams is expected to drive growth in the integrated traffic system market. Traffic congestion occurs when vehicles on road networks experience delays due to high volume, resulting in slower speeds and extended travel times. Factors contributing to congestion include population growth, urbanization, and increased economic activity, exceeding road capacities. Integrated traffic systems (ITS) utilize advanced technological solutions, such as real-time data, communication technologies, and automated controls, to optimize traffic flow and manage road networks efficiently. For instance, the Federal Highway Administration's 2022 urban congestion trend report noted a slight increase in the travel time index from 1.19 in 2021 to 1.21 in 2022. In 2023, drivers in New York City lost an average of 101 hours to traffic jams, causing economic losses exceeding $9.1 billion due to wasted time. Hence, the escalating global traffic congestion and jams are poised to fuel the integrated traffic system market's expansion.
Key players in the integrated traffic system market are concentrating on enhancing traffic management algorithms and decision-making processes with AI and machine learning-integrated traffic insight monitoring sensors. These sensors gather real-time traffic data, including vehicle counts, speeds, and congestion levels, to provide actionable insights for traffic management and planning. For example, Bitsensing introduced TIMOS (Traffic Insight Monitoring Sensor) in February 2023, a cutting-edge solution in smart traffic infrastructure powered by the NVIDIA Jetson platform. TIMOS represents the first intelligent transport system radar equipped with edge AI computing, surpassing conventional traffic systems by delivering unprecedented insights into traffic management. This all-in-one device offers accurate real-time data on traffic statistics, incidents, violations, and estimated time of arrival (ETA), enhancing resource efficiency and cost-effectiveness through advanced sensor fusion tracking and precise object classification.
In January 2023, Kontron, a Germany-based system software company specializing in Internet of Things (IoT) and embedded computing technology (ECT) solutions for a range of industries, acquired Kapsch TrafficCom for an undisclosed sum. This acquisition aligns with Kontron's goals to strengthen its presence in the Spanish public transport sector, broaden its product offerings, and bolster its engineering capabilities in support of sustainable mobility initiatives. Kapsch TrafficCom AG, an Austria-based transportation firm, provides intelligent transportation systems (ITS) that aim to improve traffic management and safety through advanced technological solutions.
Major companies operating in the integrated traffic system market are Huawei Technologies Co. Ltd., Siemens AG, Cisco Systems Inc., Sumitomo Electric Industries Ltd., Thales Group, Parsons Corporation, Atkins Global Ltd., FLIR Systems Inc, Transcore LP, Cubic Corporation, SWARCO AG, Jenoptik AG, LG CNS Co. Ltd., Agero Inc, TomTom NV, PTV Group, Lanner Electronics Inc, Kapsch Trafficcom AG, Iteris Inc, Q-Free ASA, EFkon AG, Wavetronix LLC, Econolite Group Inc., Sensys Networks Inc, Savari Inc
North America was the largest region in the integrated traffic system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the integrated traffic system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the integrated traffic system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The integrated traffic system market consists of revenues earned by entities by providing services such as traffic surveillance, traffic signal control, incident detection, and management. The market value includes the value of related goods sold by the service provider or included within the service offering. The integrated traffic system market also includes sales of intelligent transportation systems, traffic control devices, and traffic data collection and analysis tools. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Integrated Traffic System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on integrated traffic system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for integrated traffic system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The integrated traffic system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.