Traffic Management Market: Growing at a CAGR of 11.6%: Will Hit 95.97 Billion by 2030 : Says Emergen Research
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Increasing number of vehicles and insufficient infrastructure are key factors driving market revenue growth
VANCOUVER, BC, CANADA, January 24, 2023 /EINPresswire.com/ -- The traffic management market size was USD 36.40 Billion in 2021 and is expected to register a revenue CAGR of 11.6% during the forecast period, according to the latest analysis by Emergen Research. Increasing number of vehicles and insufficient infrastructure are key factors driving growth of the market. Development and launch of multiple smart vehicles by automotive giants are expected to create several opportunities for major market players. In addition, by launching linked and partially automated vehicles, automakers are gradually developing the market for autonomous vehicles. GPS and sensor technology, such as radar and ultrasonic, help autonomous vehicles to sense their environment. These vehicles have sophisticated control systems that analyze sensory data to determine best navigation routes and locate blind spots, obstructions, and pertinent signage. As driver assistance technologies advance in sophistication, more autonomous driving is anticipated.
Market Size USD 36.40 Billion in 2021, Market Growth at a CAGR of 11.6%, Market Trends
However, use of multiple sensors and access to several touchpoints can cause data fusion challenges. The data collected from numerous touchpoints and sensors is combined using data fusion and lessens measuring systems complexity and blind spots.
Increasing number of vehicles and insufficient infrastructure are key factors driving market revenue growth
Numerous sensors, including loop detectors, ultrasonic wave detectors, pedestrian sensors, and cameras, are used in traffic management systems and all of them produce enormous volumes of data. It is a challenging effort that occasionally results in inability of these systems to synthesize and integrate all raw data generated from these touchpoints to obtain valuable traffic information such as speed, travel times, and congestion. As a result, implementing multi-sensor data fusion technology that combines all of the collected information to improve traffic management environments presents a significant difficulty.
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Competitive Landscape and Traffic Management Market Share Analysis
Traffic Management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies focus related to Traffic Management market.
The report profiles the following companies, which includes
Highlights of Global Traffic Management Market Report
Examines the Traffic Management industry prospects and quickly compares historical, current, and projected market figures.
This report examines growth constraints, market drivers and challenges, and current and prospective development prospects.
Key market participants are evaluated based on various factors, including revenue share, price, regional growth, and product portfolio, to demonstrate how market shares have changed in the past and are expected to change in the future.
Describes the expansion of the global high purity isobutylene market across various industries and geographies. This allows players to concentrate their efforts on regional markets with the potential for rapid growth shortly.
Discuss the global, regional, and national ramifications of COVID-19.
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Scope of the Report
Report on the Traffic Management market, a detailed chapter on company profiles is included. The leading players in the global Traffic Management market are examined in this chapter. It contains a synopsis of the companys strategic goals and a description of its primary goods and services. An overall analysis of the organizations strategic initiatives reveals the trends that they are expected to pursue and their R&D statuses and financial outlooks. This research aims to provide readers with a thorough understanding of the global Traffic Management market anticipated trajectory.
Segments Covered in this report are:
Component Outlook (Revenue, USD Billion; 20192030)
Hardware
Solution
Services
System Outlook (Revenue, USD Billion; 20192030)
Urban Traffic Management and Control
Adaptive Traffic Control System
Predictive Traffic Modelling System
Others
Regional Outlook (Revenue, USD Billion; 20192030)
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of Middle east & Africa
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The comprehensive research study employs Porters five forces analysis and SWOT analysis to provide readers with a clear picture of the global Traffic Management market expected direction. The SWOT analysis focuses on defining the global Traffic Management market strengths, weaknesses, opportunities, and threats, whereas Porters five forces analysis emphasizes competitive competition. The research report goes into great detail about the trends and consumer behavior patterns expected to shape the global Traffic Management market evolution.
Key Questions Answered in this Research Study
How will the competitive landscape change shortly?
How will the global Traffic Management market evolve in the coming years?
What are international market opportunities available now and in the future?
What are the primary market drivers and constraints?
Are there any new applications on the horizon?
What will effective strategies market leaders employ in the future?
How large will the market be at the end of the projection period?
Which policies and regulations will have the most significant impact on the global economy?
Which region will grow the fastest in the global Traffic Management market?
Which industry is most likely to have the largest market share?
Table of Contents:
Report Overview: It includes the objectives and scope of the study and gives highlights of key market segments and players covered. It also includes years considered for the research study.
Executive Summary: It covers industry trends with high focus on market use cases and top market trends, market size by regions, and global market size. It also covers market share and growth rate by regions.
Key Players: Here, the report concentrates on mergers and acquisitions, expansions, analysis of key players, establishment date of companies, and areas served, manufacturing base, and revenue of key players.
Breakdown by Product and Application: This section provides details about market size by product and application.
Regional Analysis: All of the regions and countries analyzed in the report are studied on the basis of market size by product and application, key players, and market forecast.
Profiles of International Players: Here, players are evaluated on the basis of their gross margin, price, sales, revenue, business, products, and other company details.
Market Dynamics: It includes supply chain analysis, analysis of regional marketing, challenges, opportunities, and drivers analyzed in the report.
Appendix: It includes details about research and methodology approach, research methodology, data sources, authors of the study, and a disclaimer.
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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