TRAFFIC MANAGEMENT SYSTEM MARKET
INTRODUCTION
It’s tough to cope with traffic congestion in places where vehicle numbers continue to rise at a quicker rate than the traffic infrastructure can keep up, and it’s made much worse by automobile accidents.
Several elements of contemporary society are affected by this issue, including economic development, traffic accidents, a rise in greenhouse gas emissions, the amount of time spent, and health-related problems With regard to traffic congestion and its harmful impacts, modern civilizations might turn to transportation management systems for help.
In order to enhance the overall traffic efficiency and safety of transportation networks, traffic management systems consist of a number of application and management technologies.
Traffic Management System Market also collect information from a variety of sources, analyse it, and then give services to mitigate the problem.
As a result of these questions, this article offers a classification of Traffic Management System Market, a discussion of the current situation, obstacles, and future prospects for implementing one.
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TRAFFIC MANAGEMENT SYSTEM MARKET DEVELOPMENTS AND INNOVATIONS
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | IIT researchers develop smart road monitoring system to prevent crashes | Researchers at the Indian Institute of Technology (IIT) Mandi, have developed a Smart Road Monitoring System to help reduce manual intervention in traffic management and prevent accidents caused at sharp or blind turns. According to the team which has also acquired a patent for the innovation, the system can be used for speed detection, vehicle counts, enhanced traffic control and road usage, by employing the Micro-Electro-Mechanical Systems(MEMS) and Internet of Things (IoT) technologies. | India | This would enhance better Technologies and Shuttle production |
| 2 | Study under way to improve traffic management in Coimbatore city | The Study will explore the possibility of an installation of an intelligent traffic management system ( ITMS ) to reduce traffic in Coimbatore. | India | This would enhance better Technologies and Shuttle production |
GLOBAL TRAFFIC MANAGEMENT SYSTEM MARKET DYNAMICS
| SI No | Timeline | Developments |
| 1 | Q4-2021 | To reduce road accidents, vulnerabilities in traffic and also to reduce pollution for sustainability improvement by providing modern autonomous vehicles with updated and intelligent traffic management systems, drives the growth of the market. |
| 2 | Q4-2021 | Kapsch TrafficCom unveiled its smart urban mobility and innovative technologies for the traffic management in Intelligent Transport Systems World Congress 2021.
The Intelligent Traffic Management enables signal optimization, dynamic pricing and intelligent vehicle routing and also uses deep learning algorithms to provide data transfers with navigation providers. |
| 3 | Q4-2021 | The increase in population leads to the newer vehicles on the road, and also expansion of urbanisation, economic development of smart cities leads to infrastructure and transportation development, which all requires the necessity of advanced traffic management systems. |
| 4 | Q2-2021 | Siemens to rebrand its Intelligent Traffic Systems (ITS) business as Yunex Traffic as an independent company due to new traffic management technologies innovation such as 5G networks, machine learning and cloud computing. |
An important factor contributing to the high growth rate of the market is the rising demand for operational efficiency and new government directives. However, traffic management companies have a lot of room for development.
In addition to large corporations, small businesses and start-ups are making their impact on the Traffic Management System Market by selling their products and services throughout the world.
Making connected and partially automated cars first is helping to create the market for autonomous vehicles. Sensor technology such as ultrasonic and radar let autonomous automobiles perceive their environment. When these cars are driven, they have advanced control systems that use sensor input to determine the best route to go.
They can also recognise blind spots as well as impediments and important signage. As driver assistance technologies become more advanced, autonomous driving is likely to become increasingly common.
By 2025, several technological giants, including Google and Microsoft, as well as major vehicle manufacturers, such as Daimler, BMW, Volkswagen, Audi, Tesla, and Volvo, are anticipated to release completely autonomous cars.
The solution category is projected to have the largest market share among components. Solution providers for traffic management enable companies to guarantee that every traffic control centre is connected to subsystems, such as traffic light systems and other detection devices, and to build a correct integration of traffic control systems. International standards have been met by both the hardware and the software.
As the urban population grows, so does traffic congestion. As a result of the way modern society functions, there is a lot of congestion. There are two main reasons why the great majority of Americans drive their own cars. As a result, the governments of many countries are unable to invest in roads.
For example, traffic management firms might contact the governments of various nations to upgrade the traffic system and reduce traffic congestion in their country because of existing infrastructure.
Deploying and upgrading infrastructure is also necessary for traffic management. If more money is invested in the country’s Traffic Management System Market, it will have a negative impact on the traffic management sector.
| Sr. No. | Timeline | Company | Updates |
| 1 | January 2022 | Siemens and Atlantia | Atlantia won a €950m bid to acquire a Siemens unit that operates traffic lights in more than 600 cities around the world. |
| 2 | January 2022 | TransCore and Kapsch TrafficCom | TransCore and Kapsch TrafficCom resolved their dispute and Kapsch TrafficCom agreed to purchase a license for prior and future use of the patents at issue in the dispute. |
| 3 | January 2022 | The Chevron Group | The Chevron Group acquired Highway Barrier Solutions Ltd (HBS), a specialist in vehicle restraint systems (VRS) and traffic management services. The acquisition of HBS will see the Chevron Group expand its presence and service offering across Ireland and Scotland. |
| 4 | April 2021 | NEC Corporation and Cisco | NEC Corporation and Cisco entered a Global System Integrator Agreement (GSIA) to expand their partnership for accelerating the deployment of innovative 5G IP transport network solutions worldwide. |
| 5 | January 2019 | Iteris Inc. and Cisco | Iteris Inc. formed a new strategic partnership with Cisco to promote Cisco’s Connected Roadways solution through several initiatives between the two companies. |
TRAFFIC MANAGEMENT SYSTEM MARKET SEGMENTATION
The Global Traffic Management System market can be segmented into following categories for further analysis.
Traffic Management System Market By Class of Solutions
- Smart Signalling
- Route Guidance
- Route Optimisation
- Traffic Analytics
- Surveillance Systems
- Video Management
- Video Analytics
Traffic Management System Market By Construction Type
- Hardware based Component
- Software based Component
Traffic Management System Market By Construction Fitting Capability
- Sensors
- Display Boards
- Surveillance Cameras
- Internet Protocol Cameras
- Vehicle Detection Sensors
- Pedestrian Detection Sensors
Traffic Management System Market By Regional Classification
- Asia Pacific Region – APAC
- Middle East and Gulf Region
- Africa Region
- North America Region
- Europe Region
- Latin America and Caribbean Region
Traffic Management System Market By System Integration Type
- Urban Traffic Control System
- Adaptive Traffic Control System
- Predictive traffic Modelling Systems
- Journey Time Management System
- Incident Detection and Location System
- Dynamic Traffic Management System
RECENT TECHNOLOGICAL TRENDS IN GLOBAL TRAFFIC MANAGEMENT SYSTEM MARKET
| SI No | Timeline | Company | Developments |
| 1 | Q1-2022 | Siemens | Siemens traffic management unit,will be acquired by Italian investment company Atlantia SpA for $ 1.1 billion to expand its digital assets portfolio. |
| 2 | Q4-2021 | Kapsch TrafficCom | Kapsch TrafficCom partnered with Austria’s capital city Vienna for the deployment of traffic management system 2.0, to reduce carbon emissions, by introducing digitalization of traffic management to achieve carbon friendly mobility. |
| 3 | Q4-2021 | Kapsch TrafficCom | Australian Integrated Multimodal EcoSystem (AIMES) collaborated with Kapsch TrafficCom to introduce the world’s smartest traffic management ‘Mobility Hub’ in the city of Melbourne. The AIMES project covers 100km of road and 70 intersections with 30 million Australian Dollars. |
| 4 | Q2-2021 | West Midlands 5G | West Midlands will use 5G network services in its busiest roads, to provide faster and more accurate data to traffic centers and the data is also used to implement future traffic management and transport development. The 5G sensor network project is developed by West Midlands 5G in partnership with Transport for West Midlands. |
| 5 | Q2-2021 | Germany | Hamburg city in Germany testing Intelligent Transportation Systems by installing new sensor technology by Test Track for Automated and Connected Driving(TAVF) to improve traffic management. The new sensors also reduce wait time at traffic roads by optimising the traffic lights, for safer road transportations. |
At the core of the Intelligent Transportation System (ITS) area is Advanced Traffic Management System (ATMS). Atmospheric traffic management systems (ATMS) are top-down management systems that combine technology in order to enhance traffic flow and safety.
Actual traffic data collected from cameras, speed sensors, etc. is fed through an integrated and processed Transportation Management Centre (TMC) for issue identification and may result in actions performed (e.g. traffic routing, DMS messaging) with the objective of optimising traffic flow.
The most recent technological integration has been through the complete systematic approach of multiple integrity systems. The most recent integration has been the central control room-based technology to have an integrated network of architecture being operated.
The Central Control Room (CCR) enables monitoring and regulating traffic on a whole portion of the road. Surveillance systems such as CCTVs and VIDS deployed along some portions of the roadway may be viewed directly from this room. By using multiple message indicators, the CCR also creates and distributes essential information.
The ATCC has been the AI based technology within the traffic management systems. Every vehicle that passes through the area where ATCC is placed is detected, counted, and classified. Automated traffic counter and classification system.
Detailed information regarding time headway, speed data, total count, and vehicle classification is available from the ATCC. Weekly, monthly, and annually, the ATCC is excellent for collecting big amounts of data.
TRAFFIC MANAGEMENT SYSTEM MARKET COMPETITIVE LANDSCAPE
| SI No | Timeline | Company | Developments |
| 1 | Q4-2021 | Kapsch TrafficCom | Kapsch TrafficCom’s overall revenue in the first half of 2021, up by 10% of EUR 550 million. |
| 2 | Q2-2021 | Thales Group | French multinational company Thales Group announced overall sales revenue of €17 billion in FY-2020 |
| 3 | Q2-2021 | Siemens AG | German multinational conglomerate Corporation Siemens AG’s traffic management and smart solutions revenue grew by 8% year over year and it was USD 700 million in fiscal year 2020-21. |
When evaluating the limits of present technology, one might explore replacing existing aircraft engines with an all-electric propulsion system and determining what features such systems would need in order to produce a similar level of aircraft performance.
Electrically propelled aircraft will need power electronics to convert, switch, and condition the power generated. Not only should power electronics be able to execute these duties with little electrical loss, but they should also generate as little heat as possible while doing so.
ParknSecure has been part of the major traffic management system market integration and technological development. The Advanced Traffic Management System (ATMS), helps in managing road traffic effectively and consists of cutting-edge technology based roadside equipment like surveillance cameras.
It smoothens the traffic flow along with timely and wise reaction in any hazardous situation. This helps in proactively managing the transport network and enhancing the travel experience at the same time.
It has integrated the latest AI Based solutions, ATCC which is a high-speed data collection system that detects, counts, and classifies all the vehicles passing where it is installed. ATCC System can be interfaced with various components like VMS, CCTV, Modem and more.
It is even compatible with multiple modes of data collection. ATCC helps in counting the flow of the traffic in real-time and the data collected is divulged through the VMS. This further provides assistance to the drivers that allow them in taking decisions which aid in preventing accidents on the highways.
Arya Omni talk has been involved in traffic management solutions being deployed at varied levels of metropolitan requirements. The Next gen ATMS meets the needs of monitoring, control and operation of traffic that facilitates and optimizes the experience of road users while travelling on the highway.
It is reliable, customized, and user-friendly Its software is the state-of-art SCADA/HMI software which is the technology evolution firmly based on the concepts of simplicity, scalability, power and openness.
It is based on scalable modular design, in which different devices interact with each other over the network though standard TCP/IP Interface. Device Connectivity over standard Communication Protocol over Modbus, SNMP etc. & proprietary devices over Serial / TCP (Winsock) communication.
TRAFFIC MANAGEMENT SYSTEM MARKET COMPANIES PROFILE
- Cisco System Inc.
- Swarco AG
- Siemens AG
- International Business Machines Corporation ( IBM )
- TrafficCom AG
- Thales Group
- Q Free ASA
- Planung Transport Verkehr Group
- Transcore
- Chevron Corporation
- Sensys Networks Inc.
- Blue Signal Inc.
- Bercman Technologies AS
- INRIX Inc.
THIS TRAFFIC MANAGEMENT SYSTEM MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS
- Traffic Management System Market size and Forecast, by region, by application
- Average B-2-B price for Traffic Management System Market, by region, per user
- Technology trends and related opportunity for new Traffic Management System Market tech suppliers
- Traffic Management System Market share of leading vendors, by region,
- Coronavirus impact on Traffic Management System Market earnings
