The global integrated traffic system market is anticipated to grow at a CAGR of 8.8% during the forecast period (2021-2027). The factors such as the rising adoption of traffic management systems by major players in various cities are to drive the global integrated traffic systems market growth. For instance, in June 2020, Cubic Corp. has announced that its Cubic Transportation Systems (CTS) business division has been awarded a multimillion-dollar contract by the Yucatan State Government to install advanced traffic control technology in Merida, Mexico. Cubic collaborated with Vixionere SAPI de C.V. to install the Trafficware ATMS central transport management platform, controllers, and Transit Signal Priority program, which uses and integrates Cubic's NextBus real-time platform at all project integrations. About 50 intersections have now been equipped with Cubic's SynchroGreen Adaptive Signal Control module.
Browse the full report description of "Global Integrated Traffic Systems Market Size, Share & Trends Analysis Report by Function (Traffic Control, Traffic Monitoring, and Information Provisions), by Hardware (Display Boards, Sensors, Surveillance Cameras, Radars, Smart Traffic Lights, and Interface Boards), By Sensors Type (Infrared Sensors, Weigh-In-Motion Sensors (Force Sensor), and Acoustic Sensors) Forecast, 2021-2027" at https://www.omrglobal.com/industry-reports/integrated-traffic-systems-market
In September 2020, Global Traffic Technologies, LLC, a traffic signal priority control systems company, has announced the launch of its smart city platform for mobility management – Opticom 360. It uses Artificial Intelligence (AI) to provide an integrated suite of fleet management applications, including vehicle location, driver performance, and a variety of options to boost productivity and safety, such as traffic signal priority control. It transforms the public sector by combining a smart city version of traffic signal priority monitoring and end-to-end fleet management capabilities on a single connected cloud network. The key features of the solution include:
However, transportation is a major factor for smart cities. In India, there is around 100 smart cities project and in the further second version, it is targeting to include other cities also. Thus, the key player’s adoption of traffic management systems in various cities and also installation of a new solution for a smart city is driving the growth of the market.
Market Coverage
o By Function
o By Hardware
o By Sensors
o North America
o Europe
o Asia-Pacific
o Rest of the World
Key questions addressed by the report
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
Global Integrated Traffic Systems Market Report Segment
By Function
By Hardware
By Sensors Type
o Road Condition Sensors
o Visibility Sensors
o thermal Mapping Sensors
o Wind Speed Sensors
o Inductive Loop Detectors
Global Integrated Traffic Systems Market Report Segment by Region
North America
Europe
Asia-Pacific
Rest of the World
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