The Latin America, Middle East and Africa Intelligent Traffic Management System Market would witness market growth of 16.50% CAGR during the forecast period (2021-2027).
The best solution for traffic management optimization and uplifting logistics companies’ authenticity is intelligent transport management systems. Road authorities are benefited from these systems as they can optimize their working progress. Problems related to roads can be solved efficiently due to the integration of traffic signal control systems, navigation systems, speed sensors, and real-time monitoring of data from various sources.
The most substantial role in an advanced traffic management system is played by software enhancements along with their capability to examine data input and offer prevention suggestions and insights on traffic reduction. The emergence of technological advancements like artificial intelligence has made it possible to reshape traffic management systems from a proactive approach to a reactive one.
The Arriyadh Development Authority (ADA) of Saudi Arabia chose TransCore to deploy and develop an innovative traffic control system to enhance the flow of traffic. TransCore would implement a TransSuite software solution for this $100 million transportation project to monitor and supervise operations at 350 of Riyadh’s most used intersections.
In Dubai, Falcon ITS got the biggest road infrastructure projects in the area that was procured by Scientechnic Mobility. It is the region’s first Intelligent Traffic System made to offer traveller information capability for long routes, expressways, and freeways and real-time integrated traffic to increase road safety and decrease congestion.
The Brazil market dominated the LAMEA 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 $413.3 Million by 2027. The Argentina market is estimated to witness a CAGR of 17.5% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 15.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Intelligent Traffic Management System Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Intelligent Traffic Management System Market, by Solution
1.4.2 LAMEA 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. LAMEA Intelligent Traffic Management System Market by Solution
4.1 LAMEA Traffic Monitoring System Market by Country
4.2 LAMEA Intelligent Driver Information System Market by Country
4.3 LAMEA Integrated Corridor Management Market by Country
4.4 LAMEA Traffic Signal Control System Market by Country
4.5 LAMEA Traffic Enforcement Camera Market by Country
4.6 LAMEA Other Solution Market by Country
Chapter 5. LAMEA Intelligent Traffic Management System Market by Country
5.1 Brazil Intelligent Traffic Management System Market
5.1.1 Brazil Intelligent Traffic Management System Market by Solution
5.2 Argentina Intelligent Traffic Management System Market
5.2.1 Argentina Intelligent Traffic Management System Market by Solution
5.3 UAE Intelligent Traffic Management System Market
5.3.1 UAE Intelligent Traffic Management System Market by Solution
5.4 Saudi Arabia Intelligent Traffic Management System Market
5.4.1 Saudi Arabia Intelligent Traffic Management System Market by Solution
5.5 South Africa Intelligent Traffic Management System Market
5.5.1 South Africa Intelligent Traffic Management System Market by Solution
5.6 Nigeria Intelligent Traffic Management System Market
5.6.1 Nigeria Intelligent Traffic Management System Market by Solution
5.7 Rest of LAMEA Intelligent Traffic Management System Market
5.7.1 Rest of LAMEA 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 LAMEA Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 2 LAMEA 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 LAMEA Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 7 LAMEA Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 8 LAMEA Traffic Monitoring System Market by Country, 2017 - 2020, USD Million
TABLE 9 LAMEA Traffic Monitoring System Market by Country, 2021 - 2027, USD Million
TABLE 10 LAMEA Intelligent Driver Information System Market by Country, 2017 - 2020, USD Million
TABLE 11 LAMEA Intelligent Driver Information System Market by Country, 2021 - 2027, USD Million
TABLE 12 LAMEA Integrated Corridor Management Market by Country, 2017 - 2020, USD Million
TABLE 13 LAMEA Integrated Corridor Management Market by Country, 2021 - 2027, USD Million
TABLE 14 LAMEA Traffic Signal Control System Market by Country, 2017 - 2020, USD Million
TABLE 15 LAMEA Traffic Signal Control System Market by Country, 2021 - 2027, USD Million
TABLE 16 LAMEA Traffic Enforcement Camera Market by Country, 2017 - 2020, USD Million
TABLE 17 LAMEA Traffic Enforcement Camera Market by Country, 2021 - 2027, USD Million
TABLE 18 LAMEA Other Solution Market by Country, 2017 - 2020, USD Million
TABLE 19 LAMEA Other Solution Market by Country, 2021 - 2027, USD Million
TABLE 20 LAMEA Intelligent Traffic Management System Market by Country, 2017 - 2020, USD Million
TABLE 21 LAMEA Intelligent Traffic Management System Market by Country, 2021 - 2027, USD Million
TABLE 22 Brazil Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 23 Brazil Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 24 Brazil Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 25 Brazil Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 26 Argentina Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 27 Argentina Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 28 Argentina Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 29 Argentina Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 30 UAE Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 31 UAE Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 32 UAE Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 33 UAE Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 34 Saudi Arabia Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 35 Saudi Arabia Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 36 Saudi Arabia Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 37 Saudi Arabia Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 38 South Africa Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 39 South Africa Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 40 South Africa Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 41 South Africa Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 42 Nigeria Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 43 Nigeria Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 44 Nigeria Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 45 Nigeria Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 46 Rest of LAMEA Intelligent Traffic Management System Market, 2017 - 2020, USD Million
TABLE 47 Rest of LAMEA Intelligent Traffic Management System Market, 2021 - 2027, USD Million
TABLE 48 Rest of LAMEA Intelligent Traffic Management System Market by Solution, 2017 - 2020, USD Million
TABLE 49 Rest of LAMEA Intelligent Traffic Management System Market by Solution, 2021 - 2027, USD Million
TABLE 50 Key information – IBM Corporation
TABLE 51 Key Information – Siemens AG
TABLE 52 key information – Thales Group S.A.
TABLE 53 Key Information – Kapsch TrafficCom AG
TABLE 54 key information – SNC-Lavalin Group, Inc.
TABLE 55 Key information – Q-Free ASA
TABLE 56 Key information – Wabtec Corporation
TABLE 57 Key Information – Cubic Corporation
TABLE 58 Key information – TomTom N.V.
TABLE 59 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.