The North America Intelligent Traffic Management System Market would witness market growth of 14.80% CAGR during the forecast period (2021-2027).
The efficiency of road transport & traffic management is enhanced by implementing ITMS since it offers a useful interface with different modes of transport. As ITMS incorporates surveillance of roadways, which is a substantial requirement for internal security, it is gaining more momentum in the market since it helps in tackling the increasing issues related to internal security.
The area that needs more advancement is traffic signals as it incorporates the main part of the traffic system. With the development of various smart cities, the demand for intelligent traffic management systems has also increased.
Under the FAST act of the US, the government established Advanced Transportation and Congestion Management Technologies Program to streamline traffic flow and management. These technologies assist in showing the way advanced transportation technologies, information, and their applications could be efficiently integrated and implemented with existing systems to offer better access to important services and other destinations.
This also includes efforts to support workforce development, increase connectivity to employment, services, education, and other opportunities, contribute to increased mobility, especially for people with hidden and visible disabilities and old individuals. In addition, governments of Canada and Mexico are also increasingly implementing intelligent traffic management systems in smart cities.
The USA market dominated the North America Intelligent Traffic Management System Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,674.1 Million by 2027. The Canada market is poised grow at a CAGR of 15.2% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 17.4% during (2021 - 2027).
Based on solution, the market is segmented into traffic monitoring systems, intelligent driver information systems, integrated corridor management, traffic signal control systems, traffic enforcement cameras, and others solutions. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Intelligent Traffic Management System Market is Estimated to Reach USD 18.37 billion by 2027 at a CAGR of 15.60%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Siemens AG, Thales Group S.A., Kapsch TrafficCom AG (Datax Handelsgmbh), SNC-Lavalin Group, Inc. (Atkins PLC), Q-Free ASA, Wabtec Corporation, Cubic Corporation, TomTom N.V., and TransCore.
Scope of the Study
Market Segments Covered in the Report:
By Solution
- Traffic Monitoring Systems
- Intelligent Driver Information Systems
- Integrated Corridor Management
- Traffic Signal Control Systems
- Traffic Enforcement Cameras
- Others Solutions
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Siemens AG
- Thales Group S.A.
- Kapsch TrafficCom AG (Datax Handelsgmbh)
- SNC-Lavalin Group, Inc. (Atkins PLC)
- Q-Free ASA
- Wabtec Corporation
- Cubic Corporation
- TomTom N.V.
- TransCore
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Intelligent Traffic Management System Market, by Solution
1.4.2 North America Intelligent Traffic Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2017, Jul – 2021, Oct) Leading Players
Chapter 4. North America Intelligent Traffic Management System Market by Solution
4.1 North America Traffic Monitoring System Market by Country
4.2 North America Intelligent Driver Information System Market by Country
4.3 North America Integrated Corridor Management Market by Country
4.4 North America Traffic Signal Control System Market by Country
4.5 North America Traffic Enforcement Camera Market by Country
4.6 North America Other Solution Market by Country
Chapter 5. North America Intelligent Traffic Management System Market by Country
5.1 USA Intelligent Traffic Management System Market
5.1.1 USA Intelligent Traffic Management System Market by Solution
5.2 Canada Intelligent Traffic Management System Market
5.2.1 Canada Intelligent Traffic Management System Market by Solution
5.3 Mexico Intelligent Traffic Management System Market
5.3.1 Mexico Intelligent Traffic Management System Market by Solution
5.4 Rest of North America Intelligent Traffic Management System Market
5.4.1 Rest of North America Intelligent Traffic Management System Market by Solution
Chapter 6. Company Profiles
6.1 IBM Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional & Segmental Analysis
6.1.4 Research & Development Expenses
6.1.5 SWOT Analysis
6.2 Siemens AG
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.2.5.2 Acquisitions and Mergers:
6.2.6 SWOT Analysis
6.3 Thales Group S.A.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research and Development Expense
6.4 Kapsch TrafficCom AG (Datax Handelsgmbh)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.4.5 Recent strategies and developments:
6.4.5.1 Partnerships, Collaborations, and Agreements:
6.4.5.2 Acquisitions and Mergers:
6.5 SNC-Lavalin Group, Inc. (Atkins PLC)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Recent strategies and developments:
6.5.4.1 Partnerships, Collaborations, and Agreements:
6.5.5 SWOT Analysis
6.6 Q-Free ASA
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional & Segmental Analysis
6.6.4 Recent strategies and developments:
6.6.4.1 Partnerships, Collaborations, and Agreements:
6.6.4.2 Product Launches and Product Expansions:
6.7 Wabtec Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional & Segmental Analysis
6.8 Cubic Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research and Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.5.2 Acquisitions and Mergers:
6.9 TomTom N.V.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 Recent strategies and developments:
6.9.5.1 Partnerships, Collaborations, and Agreements:
6.9.5.2 Acquisitions and Mergers:
6.9.5.3 Product Launches and Product Expansions:
6.9.6 SWOT Analysis
6.10. TransCore
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Regional & Segmental Analysis
6.10.4 Research & Development Expenses
6.10.5 Recent strategies and developments:
6.10.5.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 2 North America Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Intelligent Traffic Management System Market
TABLE 4 Product Launches And Product Expansions– Intelligent Traffic Management System Market
TABLE 5 Acquisition and Mergers– Intelligent Traffic Management System Market
TABLE 6 North America Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 7 North America Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 8 North America Traffic Monitoring System Market by Country, 2017 - 2020, USD Million
TABLE 9 North America Traffic Monitoring System Market by Country, 2021 - 2027, USD Million
TABLE 10 North America Intelligent Driver Information System Market by Country, 2017 - 2020, USD Million
TABLE 11 North America Intelligent Driver Information System Market by Country, 2021 - 2027, USD Million
TABLE 12 North America Integrated Corridor Management Market by Country, 2017 - 2020, USD Million
TABLE 13 North America Integrated Corridor Management Market by Country, 2021 - 2027, USD Million
TABLE 14 North America Traffic Signal Control System Market by Country, 2017 - 2020, USD Million
TABLE 15 North America Traffic Signal Control System Market by Country, 2021 - 2027, USD Million
TABLE 16 North America Traffic Enforcement Camera Market by Country, 2017 - 2020, USD Million
TABLE 17 North America Traffic Enforcement Camera Market by Country, 2021 - 2027, USD Million
TABLE 18 North America Other Solution Market by Country, 2017 - 2020, USD Million
TABLE 19 North America Other Solution Market by Country, 2021 - 2027, USD Million
TABLE 20 North America Intelligent Traffic Management System Market by Country, 2017 - 2020, USD Million
TABLE 21 North America Intelligent Traffic Management System Market by Country, 2021 - 2027, USD Million
TABLE 22 USA Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 23 USA Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 24 USA Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 25 USA Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 26 Canada Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 27 Canada Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 28 Canada Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 29 Canada Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 30 Mexico Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 31 Mexico Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 32 Mexico Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 33 Mexico Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 34 Rest of North America Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 35 Rest of North America Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 36 Rest of North America Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 37 Rest of North America Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 38 Key information – IBM Corporation
TABLE 39 Key Information – Siemens AG
TABLE 40 key information – Thales Group S.A.
TABLE 41 Key Information – Kapsch TrafficCom AG
TABLE 42 key information – SNC-Lavalin Group, Inc.
TABLE 43 Key information – Q-Free ASA
TABLE 44 Key information – Wabtec Corporation
TABLE 45 Key Information – Cubic Corporation
TABLE 46 Key information – TomTom N.V.
TABLE 47 Key information – TransCore
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, collaborations and agreements : 2017, Jul – 2021, oct) Leading Players
FIG 5 Swot analysis: IBM Corporation
FIG 6 Recent Strategies and Developments: Siemens AG
FIG 7 Swot analysis: Siemens AG
FIG 8 Recent Strategies and Developments: Kapsch TrafficCom AG
FIG 9 SWOT Analysis: SNC-Lavalin Group, Inc.
FIG 10 Recent Strategies and Developments: Q-Free ASA
FIG 11 Recent Strategies and Developments: Cubic Corporation
FIG 12 Recent Strategies and Developments: TomTom N.V.
FIG 13 SWOT Analysis: TomTom N.V.