Intelligent Traffic Management System (ITMS) Market Size
The global Intelligent Traffic Management System (ITMS) market is projected to grow from US$ 8492.3 million in 2023 to US$ 12600 million by 2029, at a Compound Annual Growth Rate (CAGR) of 6.8% during the forecast period.
Intelligent Traffic Management System (ITMS) Market
An intelligent traffic management system (ITMS) is defined as an advanced application that—without embodying intelligence as such—aims to provide innovative services related to different modes of transport and traffic management.
Market Analysis and Insights: Global Intelligent Traffic Management System (ITMS) Market
The US & Canada market for Intelligent Traffic Management System (ITMS) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The China market for Intelligent Traffic Management System (ITMS) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The Europe market for Intelligent Traffic Management System (ITMS) is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global key companies of Intelligent Traffic Management System (ITMS) include ADCCO, Agero, Inc., DENSO Corporation, EFKON AG, Hitachi Ltd., Garmin International, Inc., Iteris, Inc., Kapsch TrafficCom AG and Lanner Electronics, Inc., etc. in 2022, the global top five players had a share approximately % in terms of revenue.
Report Includes
This report presents an overview of global market for Intelligent Traffic Management System (ITMS) market size. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
Segment by Type
- Traffic Monitoring Systems
- Traffic Signal Control Systems
- Traffic Enforcement Camera
- Integrated Corridor Management (ICM)
- Intelligent Driver Information Systems
- Others
Segment by Application
- Government
- Commercial
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