Considering the physical and financial limitations around building additional roads, cities must use new strategies and technologies to improve traffic conditions. Advanced traffic management systems (ATMSs) such as adaptive traffic control (ATC) are enabling greater efficiencies in the traffic management ecosystem and can help integrate the expected growth in vehicle populations without overwhelming existing infrastructure. ATMSs are also enabling the development of smart intersections, which are emerging as one of the most important data-driven backbones needed for solving core city challenges.
Fully considering the economic change by this health crisis, Hardware accounting for % of the Advanced Traffic Management for Smart Cities global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Intelligent Transportation Systems (ITS) Companies segment is altered to an % CAGR throughout this forecast period.
China Advanced Traffic Management for Smart Cities market size is valued at US$ million in 2021, while the North America and Europe Advanced Traffic Management for Smart Cities are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Advanced Traffic Management for Smart Cities landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Segment by Application
- Intelligent Transportation Systems (ITS) Companies
- Automotive and Mobility Companies
- IT, Networking, and Telecoms Companies
- Government Agencies
- Investor Community
- Cisco Systems
- Kapsch TrafficCom
- Rapid Flow Technologies
- Verizon Communications
Production by Region
- North America
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Mr. Shirish Gupta
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