Cities have been witnessing a rapid increase in vehicular population, especially personal transport, in the recent past. Given the constraints in increasing roadway widths, this increase in vehicles has resulted in a drastic drop in levels of service on urban roads, with average speeds, in certain cities, dropping to below 10 kmph in peak traffic conditions. The problem is compounded owing to the fact that traffic control mechanisms are typically sub-optimal employing either fixed-time signal control or manual control. In today’s context, a road user would also like to have real time information of traffic on alternate routes so that they could make an informed choice on the route to take. Urban traffic congestion has a number of adverse impacts, namely,

• Low road network speeds

• Higher travel times

• Increased cost of travel

• Increased energy consumption

• Increased pollution (both, noise and air)

• Decline in human productivity

• Decrease in competitiveness of the city

• Decline in quality of life

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In the current context of smart city, specifically in the industrial and market zones, the traffic scenario is very congested most of the time particularly at the peak time of business hours. Due to increasing growth of population and vehicles in smart and metropolitan cities people face lot of problem at the major traffic points of the business towns. Not only it causes travelling delays, it also contributes to environmental pollution as well as health hazards due to pollution caused by vehicle fuels. To keep away from such severe issues many radiant urban communities are right now implementing integrated smart traffic control frameworks that work on the standards of traffic automation with prevention of the previously mentioned issues. The fundamental concept lies in collection of traffic congestion information quickly and passing the alternate strategy to vehicles as well as passengers with on-line traffic information system and effectively applying it to specific traffic stream.

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Fundamental features of designing a smart traffic control system consist of linking traffic signals and traffic control centers with Geographic Information System (GIS) enabled digital road map of the town using intelligent computational power of data analytics as a key module. In this context, the basic challenge lies in usage of real time analytics on online traffic information and correctly applying it to some basic traffic flow. Data analytics tools takes data from the Traffic Management System and using GIS mapping under real time support they provide useful information to the drivers in the vehicles and help reducing the traffic congestion. Additionally, basic tourist information such as visiting places, parking area and distance are also projected in real time basis on large digital screens installed at city centers entrance points to guide the drivers towards their destination. This helps to save fuel and finally to save a lot of time spent in searching various visiting places. The smart living style in metro cities is also fulfilled as the environment becomes pollution free and more hygienic. Increasing traffic congestion coupled with improved technology, funding constraints, and increasing environmental consciousness has provided an impetus to develop cost effective systems aimed at improving the efficiency and effectiveness of the transportation system. Integrated smart traffic control systems include a wide range of diverse technologies, including information processing, communications, control, and electronics. Further, supplementing the growth of integrated traffic control systems market.

• Based on the offering segment, integrated traffic control systems market has been segmented into traffic monitoring, traffic control and information provision. Traffic monitoring was the largest revenue-generating segment in 2018, with a revenue share of 43.8%. However, the traffic control segment is expected to witness the highest CAGR of 13.97% during the forecast period 2020-2026.

• Based on services segment, integrated traffic control systems market has been segmented into deployment & integration, training & consulting and support & maintenance. Deployment & integration was the largest revenue-generating segment in 2018, with a revenue share of 42.2%. However, support & maintenance segment is expected to witness the highest CAGR of 14.05% during the forecast period 2020-2026.

• Based on the hardware segment, integrated traffic control systems market has been segmented into display boards, sensors, surveillance cameras, smart traffic lights, interface boards and others. Surveillance camera was the largest revenue-generating segment in 2018, with a revenue share of 39.2%. However, the smart traffic light segment is expected to witness the highest CAGR of 15.5% during the forecast period 2020-2026.

• Based on the application segment, integrated traffic control systems market has been segmented into freeway management, electronic toll collection, tunnel management, road safety & security, parking management and others. Electronic toll collection was the largest revenue-generating segment in 2018, with a revenue share of 42.7%. However, freeway management segment is expected to witness the highest CAGR of 14.9% during the forecast period 2020-2026.

• Regionally, North America dominated the market with a 39.2% share. North America is expected to generate revenue of US$ 10.6 billion by 2025. However, Asia-Pacific is expected to witness the highest CAGR of 14.4% during the forecast period 2020-2026.

Integrated smart traffic control systems market comprises of integrated traffic control system manufacturers, technology providers, value added resellers (VRAs), and service providers. As the concept is innovative and emerging, each player is trying their best to dominate the marketplace. The success of integrated smart control systems will likely change the way people commute and public-transportation dynamics at a fundamental level as it offers lower mobility costs, greater convenience and increased productivity as they free occupants from driving. Some of the key players operating in autonomous vehicle or Robo-taxi market include Siemens AG, Kapsch TrafficCom AG, Cisco Systems, Inc., Swarco Mizar SRL, TomTom International BV, Thales Group, Cubic Corporation, IBM Corporation, EFKON GmbH, Iteris, Inc. are among others. These players are working endlessly to offer safe, comfortable and efficient traffic management system and sustainable mobility service across the globe.

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The Global Integrated Smart Traffic Control Systems Market generated revenue of US$ 11 billion in 2089. The industry is expected to witness CAGR growth of 13.26% during the forecast period 2020-2026, to reach a market size of US$ 29.6 billion by 2026. North America dominated the market in 2019 and is expected to maintain its dominance throughout the analysed period. However, Asia-Pacific owing to increasing urban population and road traffic congestion, is expected to witness remarkable growth during the same period.

Table of Contents

1. MARKET INTRODUCTION

1.1 Market Definition 15

1.2 Objective of the Study 15

1.3 Limitation 15

1.4 Stakeholders 16

1.5 Currency used in the Report 16

1.6 Scope of the Integrated Smart Traffic Control Systems Market Study 16

2. RESEARCH METHODOLOGY 17

2.1 Research Methodology for Integrated Smart Traffic Control Systems Market Study 17

2.1.1 Main objective of the Integrated Smart Traffic Control Systems Market Study 18

3. INDUSTRY PERFORMANCE 19

4. EXECUTIVE SUMMARY 21

5. MARKET OVERVIEW 24

5.1 Introduction 24

5.2 Market Dynamics 25

5.2.1 Market Drivers 25

5.2.1.1 Increasing Urbanization and Car Ownership 25

5.2.1.2 Increasing Concerns Related to Public Safety 28

5.2.1.2.1 Key Facts on Road traffic injuries 28

5.2.1.3 Digital and Advanced Technologies in Transportation Infrastructure 29

5.2.1.3.1 Advancements in Transportation Technology 29

5.2.1.4 Government Policies to Reduce Carbon Emissions 30

5.2.2 Market Restraints 31

5.2.2.1 Lack of Standardized and Uniform Technologies 31

5.2.2.2 Huge Capital Investments Required 31

5.2.3 Opportunity 32

5.2.3.1 Increasing Public-Private Partnerships 32

5.2.3.2 Increasing Number of Mega Cities 33

5.2.3.3 Advancements in the field of Artificial Intelligence (AI) 34

6. KEY MARKET INDICATORS 35

6.1 Demand Side Analysis 35

6.1.1 The aim of smart traffic management systems: 35

6.1.2 How do Smart traffic signals improve traffic flow? 35

6.1.2.1 Detecting congestion 36

6.1.2.2 Understanding the citizen experience 36

6.1.2.3 Road Traffic Accidents 37

6.1.2.3.1 Road Safety in 2018: The World Health Organization report 37

6.1.2.3.2 Road Safety in 2018: Main Risk Factors 37

6.2 Supply Side Analysis 38

6.2.1 Top Product launches 39

6.2.2 Top Partnerships 41

6.2.3 Top Investments 44

6.2.4 Top Acquisition and Collaborations 45

6.3 Value Chain Analysis 51

7. MARKET INSIGHTS BY OFFERING 52

7.1 General Overview 52

7.1.1 Traffic Monitoring 53

7.1.1.1 Automatic Vehicle Detection 54

7.1.1.2 Number Plate Recognition System 54

7.1.1.3 Journey Time Measurement System 56

7.1.2 Traffic Control 57

7.1.2.1 Intelligent Traffic Lightings 58

7.1.2.2 Parking Management 59

7.1.2.3 Incident Detection System 60

7.1.3 Information Provision 61

7.1.3.1 Information Communication System 62

7.1.3.2 Intelligent Driver Information System 63

8. MARKET INSIGHTS BY SERVICES 64

8.1 General Overview 64

8.1.1 Deployment and Integration 65

8.1.2 Training & Consulting 66

8.1.3 Support and Maintenance 67

9. MARKET INSIGHTS BY HARDWARE 69

9.1 General Overview 69

9.1.1 Display Boards 72

9.1.2 Sensors 74

9.1.3 Surveillance Cameras 76

9.1.3.1 Applications of Surveillance cameras in smart traffic control systems 76

9.1.4 Smart Traffic Lights 77

9.1.5 Interface Boards 79

9.1.6 Others Hardware Market 79

10. MARKET INSIGHTS BY APPLICATION 81

10.1 General Overview 81

10.1.1 Freeway Management System 82

10.1.2 Electronic Toll Collection (ETC) System 83

10.1.2.1 Example of Implemented Electronic Toll Collection (ETC) System 84

10.1.3 Tunnel Management Systems 85

10.1.4 Road Safety & Security Systems 86

10.1.5 The algorithm used by TMS 89

10.1.6 Parking Management System 90

10.1.6.1 Components of Parking Management System 90

10.2 Other Systems (Freight Management Systems & Others) 91

11. MARKET INSIGHTS BY REGION 92

11.1 General Overview 92

11.2 North America Integrated Smart Traffic Control System Market, (2018-2026) 93

11.2.1 North America Integrated Smart Traffic Control System Market, by Offering 95

11.2.2 North America Integrated Smart Traffic Control System Market, by Services 95

11.2.3 North America Integrated Smart Traffic Control System Market, by Hardware 96

11.2.4 North America Integrated Smart Traffic Control System Market, by Application 96

11.3 Europe Integrated Smart Traffic Control System Market, (2018-2026) 97

11.3.1 Europe Integrated Smart Traffic Control System Market, by Offering 100

11.3.2 Europe Integrated Smart Traffic Control System Market, by Services 100

11.3.3 Europe Integrated Smart Traffic Control System Market, by Hardware 101

11.3.4 Europe Integrated Smart Traffic Control System Market, by Application 101

11.4 Asia-Pacific Integrated Smart Traffic Control System Market, (2018-2026) 102

11.4.1 Asia-Pacific Integrated Smart Traffic Control System Market, by Offering 106

11.4.2 Asia-Pacific Integrated Smart Traffic Control System Market, by Services 106

11.4.3 Asia-Pacific Integrated Smart Traffic Control System Market, by Hardware 107

11.4.4 Asia-Pacific Integrated Smart Traffic Control System Market, by Application 107

11.5 Latin America Integrated Smart Traffic Control System Market, (2018-2026) 108

11.5.1 Latin America Integrated Smart Traffic Control System Market, by Offering 109

11.5.2 Latin America Integrated Smart Traffic Control System Market, by Services 110

11.5.3 Latin America Integrated Smart Traffic Control System Market, by Hardware 110

11.5.4 Latin America Integrated Smart Traffic Control System Market, by Application 111

11.6 Middle-East & Africa Integrated Smart Traffic Control System Market, (2018-2026) 111

11.6.1 MEA Integrated Smart Traffic Control System Market, by Offering 112

11.6.2 MEA Integrated Smart Traffic Control System Market, by Services 113

11.6.3 MEA Integrated Smart Traffic Control System Market, by Hardware 113

11.6.4 MEA Integrated Smart Traffic Control System Market, by Application 114

12. COMPETITIVE SCENARIO 115

12.1 Porter’s Five Forces Analysis 115

12.1.1 Bargaining power of Buyer 115

12.1.2 Bargaining power of the Supplier 116

12.1.3 Threat of new entrants 116

12.1.4 Availability of Substitute 116

12.1.5 Industry Rivalry 117

12.2 Integrated Smart Traffic Control System Market Share Analysis, 2018 117

13. TOP COMPANY PROFILES 120

13.1 Kapsch Traffic Com AG, Austria 120

13.1.1 Key Facts 120

13.1.2 Business Description 120

13.1.3 Key Product/Services Offerings 121

13.1.4 Growth Strategy 121

13.1.5 SWOT Analysis 122

13.1.6 Key Financials 123

13.1.6.1 Revenue Split, by Region and Segment 124

13.1.7 Recent Developments 124

13.1.7.1 Product Launches 124

13.1.7.2 Partnerships 125

13.1.7.3 Business Expansions and Investment 125

13.1.7.4 Mergers and Acquisitions 126

13.2 Iteris, Inc. 127

13.2.1 Iteris Key Facts 127

13.2.2 Business Description 127

13.2.3 Key Product/Services Offerings 127

13.2.4 Growth Strategy 128

13.2.5 SWOT Analysis 129

13.2.6 Key Financials 130

13.2.6.1 Revenue Split, by Segment 131

13.2.7 Recent Developments 131

13.2.7.1 Product Launches 131

13.2.7.2 Partnerships 131

13.2.7.3 Business Expansions and Investment 132

13.2.7.4 Mergers and Acquisitions 132

13.3 Cisco Systems, Inc. 133

13.3.1 Key Facts 133

13.3.2 Business Description 133

13.3.3 Key Product/Services Offerings 134

13.3.4 Growth Strategy 134

13.3.5 SWOT Analysis 135

13.3.6 Key Financials 136

13.3.6.1 Revenue Split 137

13.3.7 Recent Developments 137

13.3.7.1 Product Launches 137

13.3.7.2 Partnerships 138

13.3.7.3 Business Expansions and Investment 138

13.3.7.4 Mergers and Acquisitions 139

13.4 Thales Group 140

13.4.1 Key Facts 140

13.4.2 Business Description 140

…continued

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