Product Code: GVR-2-68038-907-4
Intelligent Traffic Management System Market Growth & Trends:
The global intelligent traffic management system market size is estimated to reach USD 27.92 billion by 2030, expanding at a CAGR of 15.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. Rising urban population, increasing mobility and road transport efficiency, and the need to transform transport networks due to rapid industrialization are expected to drive the market over the forecast period.
ITMS solutions eliminate delays, ease traffic congestion, and send accurate information to commuters and transportation planners. Rising government initiatives across the globe to implement smart cities with developed road networks and transportation systems, which is expected to have a positive impact on the growth of the intelligent traffic management system market.
Intelligent traffic management systems require vast, scalable, and advanced data infrastructure for real-time data processing. However, the infrastructure required to introduce the new technology has not expanded rapidly and replacing the existing equipment remains costly. Governments of various regions continue to invest in road infrastructure, to upgrade their transportation systems in an attempt to reduce traffic congestion.
For instance, In April 2021, SNC-Lavalin Group, an engineering, procurement, and construction service provider, was awarded a 3-year contract worth USD 15 million by the California department of transportation (Caltrans) to provide a Transportation Asset Management System (TAMS). Under this contract, the company's Data Transfer Solutions (DTS) business unit would provide services such as software licensing and maintenance, implementation of the TAMS solution, and optional post-implementation support. These developments would further boost the demand for ITMS solutions during the forecast period.
However, the lack of standards, and the technology homogeneity and safety issues related to traffic management systems may adversely affect the growth of the intelligent traffic management system market. To curb accidents, the United Nations Economic Commission for Europe (UNECE) assists in the administration of legal instruments on road safety. Various aspects such as road infrastructure, traffic management, traffic signs and signals are negotiated and legally binding for member states. ITMS can help reduce traffic accidents and improve safety. Countries such U.S. and China are actively investing in ITMS solutions, which should bode well for the market during the forecast period.
Intelligent Traffic Management System Market Report Highlights:
- The traffic monitoring system segment accounted for the largest share of 21.4% in 2024. Inadequate signal controls can lead to road congestion and increase the overall travel time to a large extent.
- The traffic signal control segment is expected to grow at a significant CAGR during the forecast period. The segment growth is expected to be driven by the rising number of net banking users across the globe
- North America dominated the market and accounted for the largest share of 38.7% in 2024. The United States Department of Transportation (DOT) is aggressively investing in research and development, implementation, and adoption of intelligent traffic management systems across the country.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Intelligent Traffic Management System Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Intelligent Traffic Management System Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Intelligent Traffic Management System Market: Solution Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Intelligent Traffic Management System Market: Solution Movement Analysis, 2024 & 2030 (USD Million)
- 4.3. Traffic Monitoring System
- 4.3.1. Traffic Monitoring System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Traffic Signal Control System
- 4.4.1. Traffic Signal Control System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Traffic Enforcement Camera
- 4.5.1. Traffic Enforcement Camera Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.6. Integrated Corridor Management
- 4.6.1. Integrated Corridor Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.7. Intelligent Driver Information System
- 4.7.1. Intelligent Driver Information System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.8. Others
- 4.8.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Intelligent Traffic Management System Market: Regional Estimates & Trend Analysis
- 5.1. Intelligent Traffic Management System Market Share, By Region, 2024 & 2030 (USD Million)
- 5.2. North America
- 5.2.1. North America Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.2. U.S.
- 5.2.2.1. U.S. Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.3. Canada
- 5.2.3.1. Canada Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.4. Mexico
- 5.2.4.1. Mexico Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3. Europe
- 5.3.1. Europe Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.2. UK
- 5.3.2.1. UK Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.3. Germany
- 5.3.3.1. Germany Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.4. France
- 5.3.4.1. France Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.5. Italy
- 5.3.5.1. Italy Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.6. Spain
- 5.3.6.1. Spain Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.7. Denmark
- 5.3.7.1. Denmark Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.8. Sweden
- 5.3.8.1. Sweden Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.3.9. Norway
- 5.3.9.1. Norway Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. Asia Pacific
- 5.4.1. Asia Pacific Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.2. China
- 5.4.2.1. China Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.3. Japan
- 5.4.3.1. Japan Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.4. India
- 5.4.4.1. India Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.5. South Korea
- 5.4.5.1. South Korea Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.6. Thailand
- 5.4.6.1. Thailand Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4.7. Australia
- 5.4.7.1. Australia Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5. Latin America
- 5.5.1. Latin America Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.2. Brazil
- 5.5.2.1. Brazil Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.5.3. Argentina
- 5.5.3.1. Argentina Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6. Middle East and Africa
- 5.6.1. Middle East and Africa Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.2. South Africa
- 5.6.2.1. UAE Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.3. KSA
- 5.6.3.1. KSA Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.4. UAE
- 5.6.4.1. UAE Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.6.5. Kuwait
- 5.6.5.1. Kuwait Intelligent Traffic Management System Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Competitive Landscape
- 6.1. Company Categorization
- 6.2. Company Market Positioning
- 6.3. Company Heat Map Analysis
- 6.4. Company Profiles/Listing
- 6.4.1. Cubic Corporation
- 6.4.1.1. Participant's Overview
- 6.4.1.2. Financial Performance
- 6.4.1.3. Product Benchmarking
- 6.4.1.4. Strategic Initiatives
- 6.4.2. SNC-Lavalin Group (Atkins)
- 6.4.2.1. Participant's Overview
- 6.4.2.2. Financial Performance
- 6.4.2.3. Product Benchmarking
- 6.4.2.4. Strategic Initiatives
- 6.4.3. Thales Group
- 6.4.3.1. Participant's Overview
- 6.4.3.2. Financial Performance
- 6.4.3.3. Product Benchmarking
- 6.4.3.4. Strategic Initiatives
- 6.4.4. International Business Machines Corporation
- 6.4.4.1. Participant's Overview
- 6.4.4.2. Financial Performance
- 6.4.4.3. Product Benchmarking
- 6.4.4.4. Strategic Initiatives
- 6.4.5. General Electric Company
- 6.4.5.1. Participant's Overview
- 6.4.5.2. Financial Performance
- 6.4.5.3. Product Benchmarking
- 6.4.5.4. Strategic Initiatives
- 6.4.6. Siemens AG
- 6.4.6.1. Participant's Overview
- 6.4.6.2. Financial Performance
- 6.4.6.3. Product Benchmarking
- 6.4.6.4. Strategic Initiatives
- 6.4.7. Kapsch TrafficCom
- 6.4.7.1. Participant's Overview
- 6.4.7.2. Financial Performance
- 6.4.7.3. Product Benchmarking
- 6.4.7.4. Strategic Initiatives
- 6.4.8. TomTom International BV
- 6.4.8.1. Participant's Overview
- 6.4.8.2. Financial Performance
- 6.4.8.3. Product Benchmarking
- 6.4.8.4. Strategic Initiatives
- 6.4.9. Q-Free ASA
- 6.4.9.1. Participant's Overview
- 6.4.9.2. Financial Performance
- 6.4.9.3. Product Benchmarking
- 6.4.9.4. Strategic Initiatives
- 6.4.10. TransCore
- 6.4.10.1. Participant's Overview
- 6.4.10.2. Financial Performance
- 6.4.10.3. Product Benchmarking
- 6.4.10.4. Strategic Initiatives