The Europe Intelligent Traffic Management System Market would witness market growth of 15.19% CAGR during the forecast period (2021-2027).
A smart transportation management system will enable the road authorities to change the traffic signal light on the basis of literal traffic density for the transport sector. Police can use these systems to carry out investigation of any case by finding the location of the subject matter in real-time. In addition, this system is also capable of transmitting crucial road center data about traffic violations and accidents to the authorities.
Along with that, they can help in changing the traffic signals in case of emergencies to provide a clear path to the required destination. Ultimately, this advanced system offers more safety and security on roads. There is an increase in the pace of advancements in various technologies and systems across the region.
The European Commission launched a new standard for ITS termed EN 302 637 3. The Decentralized environmental notification basic service is explained in this standard along with supporting road hazard warnings. The Decentralized environmental notification offers data related to abnormal traffic conditions, including the position and type of a road hazard.
The European Union necessitated car producers to use an intelligent system that contacts emergency services right after impacts, also known as e-Call. Drivers or passengers can manually send call requests or let an automatic system do it for them. The system automatically transmits datasets with vehicle identification data, travel direction and the accident’s time.
The Germany market dominated the Europe Intelligent Traffic Management System Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,181.3 Million by 2027. The UK market is estimated to witness a CAGR of 14% during (2021 - 2027). Additionally, The France market would experience a CAGR of 16.6% during (2021 - 2027).
Based on solution, the market is segmented into traffic monitoring systems, intelligent driver information systems, integrated corridor management, traffic signal control systems, traffic enforcement cameras, and others solutions. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Intelligent Traffic Management System Market Size will Hit $18.37 billion by 2027, at a CAGR of 15.60%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include IBM Corporation, Siemens AG, Thales Group S.A., Kapsch TrafficCom AG (Datax Handelsgmbh), SNC-Lavalin Group, Inc. (Atkins PLC), Q-Free ASA, Wabtec Corporation, Cubic Corporation, TomTom N.V., and TransCore.
Scope of the Study
Market Segments Covered in the Report:
By Solution
- Traffic Monitoring Systems
- Intelligent Driver Information Systems
- Integrated Corridor Management
- Traffic Signal Control Systems
- Traffic Enforcement Cameras
- Others Solutions
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- IBM Corporation
- Siemens AG
- Thales Group S.A.
- Kapsch TrafficCom AG (Datax Handelsgmbh)
- SNC-Lavalin Group, Inc. (Atkins PLC)
- Q-Free ASA
- Wabtec Corporation
- Cubic Corporation
- TomTom N.V.
- TransCore
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Intelligent Traffic Management System Market, by Solution
1.4.2 Europe Intelligent Traffic Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2017, Jul – 2021, Oct) Leading Players
Chapter 4. Europe Intelligent Traffic Management System Market by Solution
4.1 Europe Traffic Monitoring System Market by Country
4.2 Europe Intelligent Driver Information System Market by Country
4.3 Europe Integrated Corridor Management Market by Country
4.4 Europe Traffic Signal Control System Market by Country
4.5 Europe Traffic Enforcement Camera Market by Country
4.6 Europe Other Solution Market by Country
Chapter 5. Europe Intelligent Traffic Management System Market by Country
5.1 Germany Intelligent Traffic Management System Market
5.1.1 Germany Intelligent Traffic Management System Market by Solution
5.2 UK Intelligent Traffic Management System Market
5.2.1 UK Intelligent Traffic Management System Market by Solution
5.3 France Intelligent Traffic Management System Market
5.3.1 France Intelligent Traffic Management System Market by Solution
5.4 Russia Intelligent Traffic Management System Market
5.4.1 Russia Intelligent Traffic Management System Market by Solution
5.5 Italy Intelligent Traffic Management System Market
5.5.1 Italy Intelligent Traffic Management System Market by Solution
5.6 Rest of Europe Intelligent Traffic Management System Market
5.6.1 Rest of Europe Intelligent Traffic Management System Market by Solution
Chapter 6. Company Profiles
6.1 IBM Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional & Segmental Analysis
6.1.4 Research & Development Expenses
6.1.5 SWOT Analysis
6.2 Siemens AG
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.2.5.2 Acquisitions and Mergers:
6.2.6 SWOT Analysis
6.3 Thales Group S.A.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research and Development Expense
6.4 Kapsch TrafficCom AG (Datax Handelsgmbh)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expense
6.4.5 Recent strategies and developments:
6.4.5.1 Partnerships, Collaborations, and Agreements:
6.4.5.2 Acquisitions and Mergers:
6.5 SNC-Lavalin Group, Inc. (Atkins PLC)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Recent strategies and developments:
6.5.4.1 Partnerships, Collaborations, and Agreements:
6.5.5 SWOT Analysis
6.6 Q-Free ASA
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Regional & Segmental Analysis
6.6.4 Recent strategies and developments:
6.6.4.1 Partnerships, Collaborations, and Agreements:
6.6.4.2 Product Launches and Product Expansions:
6.7 Wabtec Corporation
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional & Segmental Analysis
6.8 Cubic Corporation
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research and Development Expense
6.8.5 Recent strategies and developments:
6.8.5.1 Partnerships, Collaborations, and Agreements:
6.8.5.2 Acquisitions and Mergers:
6.9 TomTom N.V.
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expense
6.9.5 Recent strategies and developments:
6.9.5.1 Partnerships, Collaborations, and Agreements:
6.9.5.2 Acquisitions and Mergers:
6.9.5.3 Product Launches and Product Expansions:
6.9.6 SWOT Analysis
6.10. TransCore
6.10.1 Company Overview
6.10.2 Financial Analysis
6.10.3 Regional & Segmental Analysis
6.10.4 Research & Development Expenses
6.10.5 Recent strategies and developments:
6.10.5.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Europe Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 2 Europe Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Intelligent Traffic Management System Market
TABLE 4 Product Launches And Product Expansions– Intelligent Traffic Management System Market
TABLE 5 Acquisition and Mergers– Intelligent Traffic Management System Market
TABLE 6 Europe Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 7 Europe Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 8 Europe Traffic Monitoring System Market by Country, 2017 - 2020, USD Million
TABLE 9 Europe Traffic Monitoring System Market by Country, 2021 - 2027, USD Million
TABLE 10 Europe Intelligent Driver Information System Market by Country, 2017 - 2020, USD Million
TABLE 11 Europe Intelligent Driver Information System Market by Country, 2021 - 2027, USD Million
TABLE 12 Europe Integrated Corridor Management Market by Country, 2017 - 2020, USD Million
TABLE 13 Europe Integrated Corridor Management Market by Country, 2021 - 2027, USD Million
TABLE 14 Europe Traffic Signal Control System Market by Country, 2017 - 2020, USD Million
TABLE 15 Europe Traffic Signal Control System Market by Country, 2021 - 2027, USD Million
TABLE 16 Europe Traffic Enforcement Camera Market by Country, 2017 - 2020, USD Million
TABLE 17 Europe Traffic Enforcement Camera Market by Country, 2021 - 2027, USD Million
TABLE 18 Europe Other Solution Market by Country, 2017 - 2020, USD Million
TABLE 19 Europe Other Solution Market by Country, 2021 - 2027, USD Million
TABLE 20 Europe Intelligent Traffic Management System Market by Country, 2017 - 2020, USD Million
TABLE 21 Europe Intelligent Traffic Management System Market by Country, 2021 - 2027, USD Million
TABLE 22 Germany Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 23 Germany Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 24 Germany Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 25 Germany Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 26 UK Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 27 UK Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 28 UK Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 29 UK Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 30 France Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 31 France Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 32 France Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 33 France Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 34 Russia Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 35 Russia Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 36 Russia Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 37 Russia Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 38 Italy Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 39 Italy Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 40 Italy Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 41 Italy Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 42 Rest of Europe Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 43 Rest of Europe Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 44 Rest of Europe Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 45 Rest of Europe Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 46 Key information – IBM Corporation
TABLE 47 Key Information – Siemens AG
TABLE 48 key information – Thales Group S.A.
TABLE 49 Key Information – Kapsch TrafficCom AG
TABLE 50 key information – SNC-Lavalin Group, Inc.
TABLE 51 Key information – Q-Free ASA
TABLE 52 Key information – Wabtec Corporation
TABLE 53 Key Information – Cubic Corporation
TABLE 54 Key information – TomTom N.V.
TABLE 55 Key information – TransCore
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, collaborations and agreements : 2017, Jul – 2021, oct) Leading Players
FIG 5 Swot analysis: IBM Corporation
FIG 6 Recent Strategies and Developments: Siemens AG
FIG 7 Swot analysis: Siemens AG
FIG 8 Recent Strategies and Developments: Kapsch TrafficCom AG
FIG 9 SWOT Analysis: SNC-Lavalin Group, Inc.
FIG 10 Recent Strategies and Developments: Q-Free ASA
FIG 11 Recent Strategies and Developments: Cubic Corporation
FIG 12 Recent Strategies and Developments: TomTom N.V.
FIG 13 SWOT Analysis: TomTom N.V.