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North America AI-Driven Traffic Management Market Size, Share & Trends Analysis Report By Deployment Mode, By Technology, By Component (Software, Hardware, and Services), By Application, By End User, By Country and Growth Forecast, 2024 - 2031

Published Date : 15-Oct-2024

Pages: 152

Formats: PDF

The North America AI-Driven Traffic Management Market would witness market growth of 29.0% CAGR during the forecast period (2024-2031).

The US market dominated the North America AI-Driven Traffic Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $36,991.3 million by 2031. The Canada market is experiencing a CAGR of 31.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 30.7% during (2024 - 2031).

North America AI-Driven Traffic Management Market

Artificial intelligence (AI)'s application in traffic management transforms how cities approach urban mobility, offering innovative solutions to complex challenges. AI-powered cameras and sensors can continuously monitor traffic conditions, capturing real-time data on vehicle counts, speeds, and congestion levels. This data can then be used to adjust traffic signals and manage flow effectively. Using real-time monitoring data, AI can optimize traffic light cycles, adjusting them based on actual traffic conditions rather than preset schedules. This results in smoother traffic flow and reduced wait times.

AI can analyze historical data to identify patterns in traffic behavior, predicting future congestion based on variables like time of day, weather conditions, and local events. This predictive capability allows cities to manage traffic and allocate resources more efficiently and proactively. By analyzing patterns from past incidents, AI can predict potential traffic incidents or bottlenecks, allowing for preemptive measures, such as deploying traffic officers or rerouting vehicles.

Rising traffic fatalities and injuries in Canada are propelling the growth of this market. In 2021, the Canadian government reported 1,768 motor vehicle fatalities, marking a 1.3% increase from 2020’s figure of 1,746. Serious injuries from motor vehicle accidents also rose by 4%, totaling 8,185, while overall injuries increased by 3.6%, reaching 108,018. This alarming trend highlights the urgent need for innovative solutions to enhance road safety and manage traffic more effectively. In conclusion, the rise in traffic fatalities and injuries in the USA & Canada creates a compelling case for adopting AI-driven traffic management solutions.

Free Valuable Insights: The AI-Driven Traffic Management Market is Predict to reach USD 144.1 Billion by 2031, at a CAGR of 29.7%

Based on Deployment Mode, the market is segmented into Cloud and On-Premises. Based on Technology, the market is segmented into Machine Learning (ML), Computer Vision, Internet of Things (IoT), Natural Language Processing (NLP), and Other Technology. Based on Component, the market is segmented into Software, Hardware, and Services. Based on Application, the market is segmented into Traffic Signal Control Systems, Incident Detection & Management, Route Optimization, Public Transport Management, and Predictive Analytics. Based on End User, the market is segmented into Government Authorities, Highway Operators, and Logistics & Transportation Providers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Siemens AG (Siemens Mobility)
  • Iteris, Inc.
  • Econolite Group, Inc.
  • Thales Group S.A.
  • Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
  • Ericsson AB
  • SWARCO AG
  • IBM Corporation
  • Indra Sistemas, S.A.
  • ST Engineering Limited (Temasek Holdings Limited )

North America AI-Driven Traffic Management Market Report Segmentation

By Deployment Mode

  • Cloud
  • On-Premises

By Technology

  • Machine Learning (ML)
  • Computer Vision
  • Internet of Things (IoT)
  • Natural Language Processing (NLP)
  • Other Technology

By Component

  • Software
  • Hardware
  • Services

By Application

  • Traffic Signal Control Systems
  • Incident Detection & Management
  • Route Optimization
  • Public Transport Management
  • Predictive Analytics

By End User

  • Government Authorities
  • Highway Operators
  • Logistics & Transportation Providers

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America AI-Driven Traffic Management Market, by Deployment Mode
1.4.2 North America AI-Driven Traffic Management Market, by Technology
1.4.3 North America AI-Driven Traffic Management Market, by Component
1.4.4 North America AI-Driven Traffic Management Market, by Application
1.4.5 North America AI-Driven Traffic Management Market, by End User
1.4.6 North America AI-Driven Traffic Management Market, by Country
1.5 Methodology for the research

Chapter 2. Market at a Glance
2.1 Key Highlights

Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges

Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Dec – 2024, Aug) Leading Players
4.5 Porter Five Forces Analysis

Chapter 5. North America AI-Driven Traffic Management Market by Deployment Mode
5.1 North America Cloud Market by Region
5.2 North America On-Premises Market by Region

Chapter 6. North America AI-Driven Traffic Management Market by Technology
6.1 North America Machine Learning (ML) Market by Country
6.2 North America Computer Vision Market by Country
6.3 North America Internet of Things (IoT) Market by Country
6.4 North America Natural Language Processing (NLP) Market by Country
6.5 North America Other Technology Market by Country

Chapter 7. North America AI-Driven Traffic Management Market by Component
7.1 North America Software Market by Country
7.2 North America Hardware Market by Country
7.3 North America Services Market by Country

Chapter 8. North America AI-Driven Traffic Management Market by Application
8.1 North America Traffic Signal Control Systems Market by Country
8.2 North America Incident Detection & Management Market by Country
8.3 North America Route Optimization Market by Country
8.4 North America Public Transport Management Market by Country
8.5 North America Predictive Analytics Market by Country

Chapter 9. North America AI-Driven Traffic Management Market by End User
9.1 North America Government Authorities Market by Country
9.2 North America Highway Operators Market by Country
9.3 North America Logistics & Transportation Providers Market by Country

Chapter 10. North America AI-Driven Traffic Management Market by Country
10.1 US AI-Driven Traffic Management Market
10.1.1 US AI-Driven Traffic Management Market by Deployment Mode
10.1.2 US AI-Driven Traffic Management Market by Technology
10.1.3 US AI-Driven Traffic Management Market by Component
10.1.4 US AI-Driven Traffic Management Market by Application
10.1.5 US AI-Driven Traffic Management Market by End User
10.2 Canada AI-Driven Traffic Management Market
10.2.1 Canada AI-Driven Traffic Management Market by Deployment Mode
10.2.2 Canada AI-Driven Traffic Management Market by Technology
10.2.3 Canada AI-Driven Traffic Management Market by Component
10.2.4 Canada AI-Driven Traffic Management Market by Application
10.2.5 Canada AI-Driven Traffic Management Market by End User
10.3 Mexico AI-Driven Traffic Management Market
10.3.1 Mexico AI-Driven Traffic Management Market by Deployment Mode
10.3.2 Mexico AI-Driven Traffic Management Market by Technology
10.3.3 Mexico AI-Driven Traffic Management Market by Component
10.3.4 Mexico AI-Driven Traffic Management Market by Application
10.3.5 Mexico AI-Driven Traffic Management Market by End User
10.4 Rest of North America AI-Driven Traffic Management Market
10.4.1 Rest of North America AI-Driven Traffic Management Market by Deployment Mode
10.4.2 Rest of North America AI-Driven Traffic Management Market by Technology
10.4.3 Rest of North America AI-Driven Traffic Management Market by Component
10.4.4 Rest of North America AI-Driven Traffic Management Market by Application
10.4.5 Rest of North America AI-Driven Traffic Management Market by End User

Chapter 11. Company Profiles
11.1 Siemens AG (Siemens Mobility)
11.1.1 Company Overview
11.1.2 Financial Analysis
11.1.3 Segmental and Regional Analysis
11.1.4 Research & Development Expense
11.1.5 Recent strategies and developments:
11.1.5.1 Partnerships, Collaborations, and Agreements:
11.1.5.2 Product Launches and Product Expansions:
11.1.5.3 Acquisition and Mergers:
11.1.6 SWOT Analysis
11.2 Iteris, Inc.
11.2.1 Company Overview
11.2.2 Financial Analysis
11.2.3 Research & Development Expenses
11.2.4 Recent strategies and developments:
11.2.4.1 Partnerships, Collaborations, and Agreements:
11.2.4.2 Product Launches and Product Expansions:
11.3 Econolite Group, Inc.
11.3.1 Company Overview
11.3.2 Recent strategies and developments:
11.3.2.1 Partnerships, Collaborations, and Agreements:
11.3.2.2 Acquisition and Mergers:
11.4 Thales Group S.A.
11.4.1 Company Overview
11.4.2 Financial Analysis
11.4.3 Segmental and Regional Analysis
11.4.4 Research & Development Expenses
11.4.5 Recent strategies and developments:
11.4.5.1 Partnerships, Collaborations, and Agreements:
11.4.6 SWOT Analysis
11.5 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
11.5.1 Company Overview
11.5.2 Financial Analysis
11.5.3 Segmental and Regional Analysis
11.5.4 Research & Development Expenses
11.5.5 Recent strategies and developments:
11.5.5.1 Partnerships, Collaborations, and Agreements:
11.5.5.2 Product Launches and Product Expansions:
11.5.6 SWOT Analysis
11.6 SWARCO AG
11.6.1 Company Overview
11.6.2 Recent strategies and developments:
11.6.2.1 Partnerships, Collaborations, and Agreements:
11.6.2.2 Product Launches and Product Expansions:
11.6.3 SWOT Analysis
11.7 Ericsson AB
11.7.1 Company Overview
11.7.2 Financial Analysis
11.7.3 Segmental and Regional Analysis
11.7.4 Research & Development Expense
11.7.5 Recent strategies and developments:
11.7.5.1 Product Launches and Product Expansions:
11.7.6 SWOT Analysis
11.8 IBM Corporation
11.8.1 Company Overview
11.8.2 Financial Analysis
11.8.3 Regional & Segmental Analysis
11.8.4 Research & Development Expenses
11.8.5 Recent strategies and developments:
11.8.5.1 Acquisition and Mergers:
11.8.6 SWOT Analysis
11.9 Indra Sistemas, S.A.
11.9.1 Company Overview
11.9.2 Financial Analysis
11.9.3 Segmental and Regional Analysis
11.9.4 Research & Development Expenses
11.9.5 Recent strategies and developments:
11.9.5.1 Product Launches and Product Expansions:
11.10. ST Engineering Limited
11.10.1 Company Overview
11.10.2 Financial Analysis
11.10.3 Segmental and Regional Analysis
TABLE 1 North America AI-Driven Traffic Management Market, 2020 - 2023, USD Million
TABLE 2 North America AI-Driven Traffic Management Market, 2024 - 2031, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– AI-Driven Traffic Management Market
TABLE 4 Product Launches And Product Expansions– AI-Driven Traffic Management Market
TABLE 5 Acquisition and Mergers– AI-Driven Traffic Management Market
TABLE 6 North America AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 7 North America AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 8 North America Cloud Market by Region, 2020 - 2023, USD Million
TABLE 9 North America Cloud Market by Region, 2024 - 2031, USD Million
TABLE 10 North America On-Premises Market by Region, 2020 - 2023, USD Million
TABLE 11 North America On-Premises Market by Region, 2024 - 2031, USD Million
TABLE 12 North America AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
TABLE 13 North America AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
TABLE 14 North America Machine Learning (ML) Market by Country, 2020 - 2023, USD Million
TABLE 15 North America Machine Learning (ML) Market by Country, 2024 - 2031, USD Million
TABLE 16 North America Computer Vision Market by Country, 2020 - 2023, USD Million
TABLE 17 North America Computer Vision Market by Country, 2024 - 2031, USD Million
TABLE 18 North America Internet of Things (IoT) Market by Country, 2020 - 2023, USD Million
TABLE 19 North America Internet of Things (IoT) Market by Country, 2024 - 2031, USD Million
TABLE 20 North America Natural Language Processing (NLP) Market by Country, 2020 - 2023, USD Million
TABLE 21 North America Natural Language Processing (NLP) Market by Country, 2024 - 2031, USD Million
TABLE 22 North America Other Technology Market by Country, 2020 - 2023, USD Million
TABLE 23 North America Other Technology Market by Country, 2024 - 2031, USD Million
TABLE 24 North America AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
TABLE 25 North America AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
TABLE 26 North America Software Market by Country, 2020 - 2023, USD Million
TABLE 27 North America Software Market by Country, 2024 - 2031, USD Million
TABLE 28 North America Hardware Market by Country, 2020 - 2023, USD Million
TABLE 29 North America Hardware Market by Country, 2024 - 2031, USD Million
TABLE 30 North America Services Market by Country, 2020 - 2023, USD Million
TABLE 31 North America Services Market by Country, 2024 - 2031, USD Million
TABLE 32 North America AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
TABLE 33 North America AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
TABLE 34 North America Traffic Signal Control Systems Market by Country, 2020 - 2023, USD Million
TABLE 35 North America Traffic Signal Control Systems Market by Country, 2024 - 2031, USD Million
TABLE 36 North America Incident Detection & Management Market by Country, 2020 - 2023, USD Million
TABLE 37 North America Incident Detection & Management Market by Country, 2024 - 2031, USD Million
TABLE 38 North America Route Optimization Market by Country, 2020 - 2023, USD Million
TABLE 39 North America Route Optimization Market by Country, 2024 - 2031, USD Million
TABLE 40 North America Public Transport Management Market by Country, 2020 - 2023, USD Million
TABLE 41 North America Public Transport Management Market by Country, 2024 - 2031, USD Million
TABLE 42 North America Predictive Analytics Market by Country, 2020 - 2023, USD Million
TABLE 43 North America Predictive Analytics Market by Country, 2024 - 2031, USD Million
TABLE 44 North America AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
TABLE 45 North America AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
TABLE 46 North America Government Authorities Market by Country, 2020 - 2023, USD Million
TABLE 47 North America Government Authorities Market by Country, 2024 - 2031, USD Million
TABLE 48 North America Highway Operators Market by Country, 2020 - 2023, USD Million
TABLE 49 North America Highway Operators Market by Country, 2024 - 2031, USD Million
TABLE 50 North America Logistics & Transportation Providers Market by Country, 2020 - 2023, USD Million
TABLE 51 North America Logistics & Transportation Providers Market by Country, 2024 - 2031, USD Million
TABLE 52 North America AI-Driven Traffic Management Market by Country, 2020 - 2023, USD Million
TABLE 53 North America AI-Driven Traffic Management Market by Country, 2024 - 2031, USD Million
TABLE 54 US AI-Driven Traffic Management Market, 2020 - 2023, USD Million
TABLE 55 US AI-Driven Traffic Management Market, 2024 - 2031, USD Million
TABLE 56 US AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 57 US AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 58 US AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
TABLE 59 US AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
TABLE 60 US AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
TABLE 61 US AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
TABLE 62 US AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
TABLE 63 US AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
TABLE 64 US AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
TABLE 65 US AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
TABLE 66 Canada AI-Driven Traffic Management Market, 2020 - 2023, USD Million
TABLE 67 Canada AI-Driven Traffic Management Market, 2024 - 2031, USD Million
TABLE 68 Canada AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 69 Canada AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 70 Canada AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
TABLE 71 Canada AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
TABLE 72 Canada AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
TABLE 73 Canada AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
TABLE 74 Canada AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
TABLE 75 Canada AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
TABLE 76 Canada AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
TABLE 77 Canada AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
TABLE 78 Mexico AI-Driven Traffic Management Market, 2020 - 2023, USD Million
TABLE 79 Mexico AI-Driven Traffic Management Market, 2024 - 2031, USD Million
TABLE 80 Mexico AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 81 Mexico AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 82 Mexico AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
TABLE 83 Mexico AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
TABLE 84 Mexico AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
TABLE 85 Mexico AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
TABLE 86 Mexico AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
TABLE 87 Mexico AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
TABLE 88 Mexico AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
TABLE 89 Mexico AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
TABLE 90 Rest of North America AI-Driven Traffic Management Market, 2020 - 2023, USD Million
TABLE 91 Rest of North America AI-Driven Traffic Management Market, 2024 - 2031, USD Million
TABLE 92 Rest of North America AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
TABLE 93 Rest of North America AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
TABLE 94 Rest of North America AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
TABLE 95 Rest of North America AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
TABLE 96 Rest of North America AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
TABLE 97 Rest of North America AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
TABLE 98 Rest of North America AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
TABLE 99 Rest of North America AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
TABLE 100 Rest of North America AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
TABLE 101 Rest of North America AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
TABLE 102 Key Information – Siemens AG
TABLE 103 Key Information – ITERIS, INC.
TABLE 104 Key Information – Econolite Group, Inc.
TABLE 105 Key Information – Thales Group S.A.
TABLE 106 Key Information – Huawei Technologies Co., Ltd.
TABLE 107 Key Information – SWARCO AG
TABLE 108 key information – Ericsson AB
TABLE 109 Key Information – IBM Corporation
TABLE 110 Key Information – Indra Sistemas, S.A.
TABLE 111 Key Information – ST Engineering Limited

List of Figures
FIG 1 Methodology for the research
FIG 2 North America AI-Driven Traffic Management Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting AI-Driven Traffic Management Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2023
FIG 6 Key Leading Strategies: Percentage Distribution (2020-2024)
FIG 7 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Dec – 2024, Aug) Leading Players
FIG 8 Porter’s Five Forces Analysis – AI-Driven Traffic Management Market
FIG 9 North America AI-Driven Traffic Management Market share by Deployment Mode, 2023
FIG 10 North America AI-Driven Traffic Management Market share by Deployment Mode, 2031
FIG 11 North America AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2031, USD Million
FIG 12 North America AI-Driven Traffic Management Market share by Technology, 2023
FIG 13 North America AI-Driven Traffic Management Market share by Technology, 2031
FIG 14 North America AI-Driven Traffic Management Market by Technology, 2020 - 2031, USD Million
FIG 15 North America AI-Driven Traffic Management Market share by Application, 2023
FIG 16 North America AI-Driven Traffic Management Market share by Application, 2031
FIG 17 North America AI-Driven Traffic Management Market by Application, 2020 - 2031, USD Million
FIG 18 North America AI-Driven Traffic Management Market share by End User, 2023
FIG 19 North America AI-Driven Traffic Management Market share by End User, 2031
FIG 20 North America AI-Driven Traffic Management Market by End User, 2020 - 2031, USD Million
FIG 21 North America AI-Driven Traffic Management Market share by Country, 2023
FIG 22 North America AI-Driven Traffic Management Market share by Country, 2031
FIG 23 North America AI-Driven Traffic Management Market by Country, 2020 - 2031, USD Million
FIG 24 Recent strategies and developments: Siemens AG
FIG 25 SWOT Analysis: Siemens AG
FIG 26 Recent strategies and developments: Iteris, Inc.
FIG 27 Recent strategies and developments: Econolite Group, Inc.
FIG 28 SWOT Analysis: Thales Group S.A.
FIG 29 Recent strategies and developments: Huawei Technologies Co., Ltd.
FIG 30 SWOT Analysis: Huawei Technologies Co., Ltd.
FIG 31 Recent strategies and developments: SWARCO AG
FIG 32 SWOT Analysis: SWARCO AG
FIG 33 SWOT Analysis: Ericsson AB
FIG 34 SWOT Analysis: IBM Corporation

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