Lucintel Forecasts The Global Smart Traffic Management System Market To Reach $27 Billion By 2030

By Author: Lucintel LLC
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According to a market report by Lucintel, the future of the global smart traffic management system market looks promising with opportunities in the traffic monitoring system, traffic signal control system, traffic enforcement camera, intelligent driver information system, and, integrated corridor management markets. The global smart traffic management system market is expected to reach an estimated $27 billion by 2030 from $11 billion in 2023 at a CAGR of 13% from 2023 to 2030. The major drivers for this market are the growth of adaptive traffic control, traffic analytics growth, and emergence of mobility as a service (maas).
A more than 150-page report to understand trends, opportunity and forecast in global smart traffic management system market to 2030 by product (traffic monitoring system, traffic signal control system, traffic enforcement camera, intelligent driver information system, integrated corridor management , and others), application (highway, managed lanes, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
Lucintel forecasts that highway will remain the largest ...
... segment over the forecast period.
Within this market, traffic signal system will remain the largest segment due to government initiatives for developing the traffic infrastructure and emergence of smart cities.
Download sample by clicking on smart traffic management system market.
Kapsch, Siemens, Transcore, Delcan, Q-Free, Xerox, SICE are the major suppliers in the smart traffic management system market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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