The global Integrated Traffic Systems Market is projected to grow from USD 22.7 billion in 2019 to USD 37.5 billion by 2025, at a CAGR of 8.7%. Increase in vehicle ownership is projected to drive the demand for integrated traffic systems market.

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The traffic control segment is expected to be the second largest contributor to the integrated traffic system market, by function, during the forecast period.

The current limitations of road infrastructure in developed as well as developing economies have fueled the development for new and existing technologies such as integrated traffic systems. Increasing traffic and growing population in urban areas have boosted the demand for smooth and congestion-free travel from commuters and governments. Moreover, vehicle ownership ratio has increased significantly across the globe, which has led to an increasing demand for traffic control functions. Due to the limited availability of land, usage of current road infrastructure needs to be optimum. For optimum usage of road infrastructure, traffic control systems such as parking management and intelligent traffic lightings are required. As a result of these factors, the traffic control system segment is estimated to be the second largest contributor in the integrated traffic systems market.

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Surveillance camera is expected to be the fastest growing segment in the integrated traffic systems market, by hardware, during the forecast period.

The surveillance camera segment is expected to be the fastest growing market during the forecast period. The main factors driving the market include real-time traffic tracking and easily readable information. Moreover, decreasing the cost of camera systems is fueling the application of surveillance cameras in the integrated traffic systems market.

Key Market Players

The key players in the integrated traffic systems market are Kapsch TrafficCom (Austria), Cubic (US), Swarco (Austria) , Siemens (Germany), Sumitomo (Japan), Flir Systems (US), Jenoptik AG (Germany), LG CNS (Korea), and Iteris (US). Swarco is anticipated to be a dominant player in the integrated traffic systems market. Swarco adopted the strategies of new product development, supply contracts, and mergers & acquisitions to retain its leading position in the integrated traffic systems market. The company strengthened its product portfolio and increased its global presence by building customer relationships. It has also started to increase its presence in emerging markets.

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