Integrated Traffic Systems Market Business Trends & Investment Opportunity Analysis By 2026: Sumitomo Electric Industries, Cisco Systems, Seimens, SWARCO, LG CNS, Kapsch TrafficCom AG, Cubic Corporation, Iteris, FLIR Systems

Global Integrated Traffic Systems market is set to witness a substantial CAGR of 8.35% in the forecast period of 2019- 2026.
Integrated Traffic Systems are specially designed so they can reduce the chances of accidents and enhances the traffic controls and monitoring. Implementing Integrated Traffic Systems can help in easy movement of cars through various transport modes, such as streets, highways, marine, ships, civil aviation, ports, and inland water. It allows fleet managers to improve productivity by effectively scheduling routes and delivering traffic updates and forecasting the time of departure and arrival. They are also very beneficial for the environment as they have the ability to decrease the carbon emission.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding agriculture analytics market dynamics, structure by identifying and analyzing the market segments and project the global market size.
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Few of the major competitors currently working in global Integrated Traffic Systems market are Sumitomo Electric Industries, Ltd.; Cisco Systems; Seimens; SWARCO; LG CNS,; Kapsch TrafficCom AG; Cubic Corporation; Iteris, Inc.; FLIR Systems, Inc.; Jenoptik AG; Q-Free; Citilog.; EFKON; imtac; TransCore; Savari, Inc; PTV AG; Atkins; Global Traffic Technologies; among others.
This report caters detailed information and different approaches of the top key players in the industry. Likewise the report also yields a broad study of the different market segments and regions. However this report contributes an assessment of the effect of the current patterns in the market including the other needed information about the market’s future development.
Market Drivers:
  • Rising urbanization worldwide which acts as a market driver
  • Increasing concern associated with the public safety also contributes towards the market growth
  • Growing global road traffic congestion will propel the growth of this market
  • Increasing government initiatives to decrease carbon emission will also uplift the market growth in the forecast period
Market Restraints:
  • Lack of proper technologies will hamper the market growth
  • High investment cost in old road infrastructure is restricting the growth of this market
Segmentation: Global Integrated Traffic Systems Market
By Sensor Type: Weigh-In Motion Sensors, Acoustic Sensors, Road Condition Sensors, Visibility Sensors, thermal Mapping Sensors, Wind Speed Sensors, Inductive Loop Detectors
By Function: Traffic Monitoring, Automatic Vehicle Detection, Number Plate Recognition System, Journey Time Measurement System, Traffic Control, Intelligent Traffic Lightings, Parking Management, Incident Detection System, Information Provision, Multifunctional System, Information Communication System
By Hardware, Display Boards, Sensors, Surveillance Camera, Radar, Smart Traffic Light, Interface Boards, Others
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Key Developments in the Market:
  • In October 2018, Cubic Corporation announced the acquisition of Advanced Traffic Solutions Inc which will be the part of the company’s Cubic Transportation Systems (CTS) business unit. This investment will strengthen Cubic’s NextCity strategy to tackle urban traffic issues through best-in-class approaches that maximize the use of transportation infrastructure and increase traveller mobility. This will also help them to offer better products and services to their customer
  • In June 2018, Uttar Pradesh Chief Minister Yogi Adityanath announced the launch of the India’s first Integrated Traffic Management System (ITMS). The ITMS will help the police to control traffic and deter drivers in normal traffic and will certainly reduce traffic accidents and congestion. This will also help them to keep the city clean and pollution free
Highlighted key points of this market research report:
-This report provides pin-point analysis for changing competitive dynamics
-It provides a forward-looking perspective on different factors driving or restraining market growth
-It provides seven-years forecast assessed on the basis of how the market is predicted to grow
-It helps in understanding the key product segments and their future
-It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
-It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
New Business Strategies, Challenges & Policies are mentioned in Table of Content, Request Detailed TOC@
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