Considering the physical and financial limitations around building additional roads, cities must use new strategies and technologies to improve traffic conditions. Advanced traffic management systems (ATMSs) such as adaptive traffic control (ATC) are enabling greater efficiencies in the traffic management ecosystem and can help integrate the expected growth in vehicle populations without overwhelming existing infrastructure. ATMSs are also enabling the development of smart intersections, which are emerging as one of the most important data-driven backbones needed for solving core city challenges.
This report contains market size and forecasts of Advanced Traffic Management for Smart Cities in Global, including the following market information:
Global Advanced Traffic Management for Smart Cities Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Advanced Traffic Management for Smart Cities market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Hardware Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Advanced Traffic Management for Smart Cities include Alphabet, Cisco Systems, Cubic, Econolite, Ericsson, IBM, INRIX, Kapsch TrafficCom and Microsoft, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Advanced Traffic Management for Smart Cities companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Advanced Traffic Management for Smart Cities Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Advanced Traffic Management for Smart Cities Market Segment Percentages, by Type, 2021 (%)
Hardware
Software
Services
Global Advanced Traffic Management for Smart Cities Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Advanced Traffic Management for Smart Cities Market Segment Percentages, by Application, 2021 (%)
Intelligent Transportation Systems (ITS) Companies
Automotive and Mobility Companies
IT, Networking, and Telecoms Companies
Government Agencies
Investor Community
Others
Global Advanced Traffic Management for Smart Cities Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Advanced Traffic Management for Smart Cities Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Advanced Traffic Management for Smart Cities revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Advanced Traffic Management for Smart Cities revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Alphabet
Cisco Systems
Cubic
Econolite
Ericsson
IBM
INRIX
Kapsch TrafficCom
Microsoft
Q-Free
Rapid Flow Technologies
Siemens
Verizon Communications