Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Intelligent Traffic Management System Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Intelligent Traffic Management System Market?
The market for intelligent traffic management systems has seen swift expansion in the past few years. It is projected to increase from a size of $9.68 billion in 2024 to $10.86 billion in 2025, with a compound annual growth rate (CAGR) of 12.3%.
What Is the Forecasted CAGR for the Intelligent Traffic Management System Market by 2029?
The Intelligent Traffic Management System Global Market Report 2025 foresees that by 2029, the market size will rise to $16.76 billion, expanding at a compound annual growth rate (CAGR) of 11.4%.
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What Are the Market Drivers in the Intelligent Traffic Management System Industry?
The key drivers in the intelligent traffic management system market are:
• Enhanced connectivity driving demand for intelligent traffic management systems
• Shift towards electric and autonomous vehicles spurring market growth
• Integration of traffic systems with smart infrastructure
• Growing demand for data-driven insights in traffic management systems
What Is the Segment-Wise Breakdown of the Intelligent Traffic Management System Market?
The intelligent traffic management system market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By Product Type: Integrated Urban Traffic Control, Variable or Dynamic Message Signs, Emergency Response, Border Control System, Electronic Toll Collection, Parking Management, Violation And Measurement, Tunnel Management, Freeway Management
3) By Spender Type: Infrastructure Enterprises And Public-Private Partnerships(PPPs), Industries And Commercial Enterprise, Federal And Provincial Government
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Which Emerging Trends Are Driving Growth in the Intelligent Traffic Management System Sector?
The key trends in the intelligent traffic management system market are:
• Technological advancements in ITMS are considered a major emerging trend.
• Government initiatives and investments are greatly influencing the direction of the market.
• The integration of AI and machine learning into ITMS is a significant emerging trend.
• There is a growing trend towards the development of advanced traffic control systems.
Which Companies Are Dominating the Intelligent Traffic Management System Market in Terms of Revenue?
Major players in the intelligent traffic management system market are:
• Huawei Technologies Co. Ltd.
• Siemens
• Raytheon Technologies Corporation
• International Business Machines Corporation (IBM)
• Cisco Systems Inc.
• Schneider Electric SE
• Thales Group
• Advantech Co. Ltd.
• FLIR Systems Inc.
• TransCore LP
• Cubic Corporation
• SWARCO AG
• TomTom N.V.
• VITRONIC Dr.-Ing. Stein Bildverarbeitungssysteme GmbH
• Beijing E-Hualu Information Technology Co. Ltd.
• Iteris Inc.
• Global Traffic Technologies LLC (GTT)
• Q-Free ASA
• Econolite Group Inc.
• Cohda Wireless Pty. Ltd.
• Sensys Networks Inc.
• Clearview Intelligence Limited
• PTV Group
• EFKON AG
• Peek Traffic Corporation
What Are the Regions Driving Demand in the Intelligent Traffic Management System Market?
Asia-Pacific was the largest region in the intelligent traffic management system market in 2024
