Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Real-time Traffic Information Systems Market by Type (Software, Hardware, Services), By Application (Urban Traffic, Inter-Urban, Info-mobility, Public Transport, Freeway, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Real-time Traffic Information Systems Market by Type (Software, Hardware, Services), By Application (Urban Traffic, Inter-Urban, Info-mobility, Public Transport, Freeway, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 288490 4200 Automobile & Transportation 377 229 Pages 4.9 (33)
                                          

Market Overview:


The global real-time traffic information systems market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for real-time traffic information systems from various application segments such as urban traffic, inter-urban, info-mobility, public transport, freeway and others. Additionally, the growing adoption of real-time traffic information systems by transportation authorities for effective management of transportation networks is also contributing to the growth of this market.


Global Real-time Traffic Information Systems Industry Outlook


Product Definition:


Real-time traffic information systems are computerized systems that collect and disseminate data on traffic conditions in real time. They are used to improve the flow of traffic and reduce congestion.


Software:


Software is a collection of processes and procedures, which are used to obtain and analyze data. The software is used in traffic information systems for the purpose of obtaining real-time data from various sources such as sensors, cameras, etc., analyzing the same based on certain rules and then providing the user with accurate up-to-date information regarding traffic conditions along with alternative routes.


Hardware:


Hardware is the part of a vehicle that enables real-time traffic information systems. It consists of sensors, display devices, and communication devices. Hardware used in RTTSI includes video walls, signage, cameras & LPRs (live public address), GIS (geographic information system) map displays and other equipment.


Application Insights:


The others segment includes automotive, aviation and marine. The demand for real-time traffic information systems has been growing significantly owing to the increasing need for effective transportation management to improve overall operational efficiency. Real-time data is also used in applications such as highway congestion charge, parking enforcement, and railway advance warning system. Moreover, governments are increasingly deploying RTTIS solutions at rest areas on the highways where drivers can stop and refuel along with getting directions from a mobile phone network tower. This has led to an increased number of installations at major highway interchanges around the world.


The public transport segment accounted for 23% of market share in 2017 owing to heavy investments by public transport agencies into advanced technologies such as Wi-Fi hot spots on buses & trains along with digital signage that displays upcoming stops along with other useful information regarding journey details.


Regional Analysis:


North America dominated the global market in terms of revenue share in 2017. The growth can be attributed to the presence of a large number of players operating across various segments, such as traffic management & control systems and software, networking & communication systems, and services. Moreover, increasing investments by governments for implementation of real-time information systems are expected to drive regional demand over the forecast period.


The Asia Pacific region is anticipated to witness significant growth over the next eight years owing to rising government initiatives for improving public transportation facilities in countries such as China and India. For instance, according to a white paper on intelligent transport system published by Indian Ministry Of Road Transport And Highways (MoRTH), “India’s road infrastructure has been inadequate considering its population size; however it has improved remarkably since independence with an investment worth USD X trillion between 2014-15 and 2019-20". Such initiatives are expected to boost regional demand during the forecast period.


Growth Factors:


  • Increasing demand for real-time traffic information systems from the transportation sector to manage and monitor traffic congestion
  • Rising number of vehicles on the road globally, which is resulting in increased demand for real-time traffic information systems
  • Proliferation of smart cities and initiatives such as intelligent transportation system (ITS) that are expected to drive the market growth for real-time traffic information systems
  • Growing adoption of cloud-based solutions by enterprises for better performance and scalability
  • Increasing need for safety and security measures across various industries

Scope Of The Report

Report Attributes

Report Details

Report Title

Real-time Traffic Information Systems Market Research Report

By Type

Software, Hardware, Services

By Application

Urban Traffic, Inter-Urban, Info-mobility, Public Transport, Freeway, Others

By Companies

Nippon Signal, Toshiba Electrical Power System, Ricardo, EFKON, TOMtom International, Iteris, Lanner Electronics, Siemens, WS Atkins, Kapsch Trafficcom, Q-Free ASA, Transcore

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year

2021

Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year

2030

Number of Pages

229

Number of Tables & Figures

161

Customization Available

Yes, the report can be customized as per your need.


Global Real-time Traffic Information Systems Market Report Segments:

The global Real-time Traffic Information Systems market is segmented on the basis of:

Types

Software, Hardware, Services

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.

Applications

Urban Traffic, Inter-Urban, Info-mobility, Public Transport, Freeway, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Nippon Signal
  2. Toshiba Electrical Power System
  3. Ricardo
  4. EFKON
  5. TOMtom International
  6. Iteris
  7. Lanner Electronics
  8. Siemens
  9. WS Atkins
  10. Kapsch Trafficcom
  11. Q-Free ASA
  12. Transcore

Global Real-time Traffic Information Systems Market Overview


Highlights of The Real-time Traffic Information Systems Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Software
    2. Hardware
    3. Services
  1. By Application:

    1. Urban Traffic
    2. Inter-Urban
    3. Info-mobility
    4. Public Transport
    5. Freeway
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Real-time Traffic Information Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

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Global Real-time Traffic Information Systems Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Real-time traffic information systems (RTIS) are a type of traffic management system that provide real-time updates on the status of vehicular and pedestrian traffic. RTIS can be used to manage congestion, improve safety, and optimize travel times.

Some of the major players in the real-time traffic information systems market are Nippon Signal, Toshiba Electrical Power System, Ricardo, EFKON, TOMtom International, Iteris, Lanner Electronics, Siemens, WS Atkins, Kapsch Trafficcom, Q-Free ASA, Transcore.

The real-time traffic information systems market is expected to register a CAGR of 10.5%.

                                            
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Real-time Traffic Information Systems Market Overview    4.1 Introduction       4.1.1 Market Taxonomy       4.1.2 Market Definition       4.1.3 Macro-Economic Factors Impacting the Market Growth    4.2 Real-time Traffic Information Systems Market Dynamics       4.2.1 Market Drivers       4.2.2 Market Restraints       4.2.3 Market Opportunity    4.3 Real-time Traffic Information Systems Market - Supply Chain Analysis       4.3.1 List of Key Suppliers       4.3.2 List of Key Distributors       4.3.3 List of Key Consumers    4.4 Key Forces Shaping the Real-time Traffic Information Systems Market       4.4.1 Bargaining Power of Suppliers       4.4.2 Bargaining Power of Buyers       4.4.3 Threat of Substitution       4.4.4 Threat of New Entrants       4.4.5 Competitive Rivalry    4.5 Global Real-time Traffic Information Systems Market Size & Forecast, 2018-2028       4.5.1 Real-time Traffic Information Systems Market Size and Y-o-Y Growth       4.5.2 Real-time Traffic Information Systems Market Absolute $ Opportunity

Chapter 5 Global Real-time Traffic Information Systems Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Real-time Traffic Information Systems Market Size Forecast by Type
      5.2.1 Software
      5.2.2 Hardware
      5.2.3 Services
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Real-time Traffic Information Systems Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Real-time Traffic Information Systems Market Size Forecast by Applications
      6.2.1 Urban Traffic
      6.2.2 Inter-Urban
      6.2.3 Info-mobility
      6.2.4 Public Transport
      6.2.5 Freeway
      6.2.6 Others
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Real-time Traffic Information Systems Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Real-time Traffic Information Systems Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Real-time Traffic Information Systems Analysis and Forecast
   9.1 Introduction
   9.2 North America Real-time Traffic Information Systems Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Real-time Traffic Information Systems Market Size Forecast by Type
      9.6.1 Software
      9.6.2 Hardware
      9.6.3 Services
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Real-time Traffic Information Systems Market Size Forecast by Applications
      9.10.1 Urban Traffic
      9.10.2 Inter-Urban
      9.10.3 Info-mobility
      9.10.4 Public Transport
      9.10.5 Freeway
      9.10.6 Others
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Real-time Traffic Information Systems Analysis and Forecast
   10.1 Introduction
   10.2 Europe Real-time Traffic Information Systems Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Real-time Traffic Information Systems Market Size Forecast by Type
      10.6.1 Software
      10.6.2 Hardware
      10.6.3 Services
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Real-time Traffic Information Systems Market Size Forecast by Applications
      10.10.1 Urban Traffic
      10.10.2 Inter-Urban
      10.10.3 Info-mobility
      10.10.4 Public Transport
      10.10.5 Freeway
      10.10.6 Others
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Real-time Traffic Information Systems Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Real-time Traffic Information Systems Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Real-time Traffic Information Systems Market Size Forecast by Type
      11.6.1 Software
      11.6.2 Hardware
      11.6.3 Services
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Real-time Traffic Information Systems Market Size Forecast by Applications
      11.10.1 Urban Traffic
      11.10.2 Inter-Urban
      11.10.3 Info-mobility
      11.10.4 Public Transport
      11.10.5 Freeway
      11.10.6 Others
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Real-time Traffic Information Systems Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Real-time Traffic Information Systems Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Real-time Traffic Information Systems Market Size Forecast by Type
      12.6.1 Software
      12.6.2 Hardware
      12.6.3 Services
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Real-time Traffic Information Systems Market Size Forecast by Applications
      12.10.1 Urban Traffic
      12.10.2 Inter-Urban
      12.10.3 Info-mobility
      12.10.4 Public Transport
      12.10.5 Freeway
      12.10.6 Others
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Real-time Traffic Information Systems Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Real-time Traffic Information Systems Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Real-time Traffic Information Systems Market Size Forecast by Type
      13.6.1 Software
      13.6.2 Hardware
      13.6.3 Services
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Real-time Traffic Information Systems Market Size Forecast by Applications
      13.10.1 Urban Traffic
      13.10.2 Inter-Urban
      13.10.3 Info-mobility
      13.10.4 Public Transport
      13.10.5 Freeway
      13.10.6 Others
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Real-time Traffic Information Systems Market: Competitive Dashboard
   14.2 Global Real-time Traffic Information Systems Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Nippon Signal
      14.3.2 Toshiba Electrical Power System
      14.3.3 Ricardo
      14.3.4 EFKON
      14.3.5 TOMtom International
      14.3.6 Iteris
      14.3.7 Lanner Electronics
      14.3.8 Siemens
      14.3.9 WS Atkins
      14.3.10 Kapsch Trafficcom
      14.3.11 Q-Free ASA
      14.3.12 Transcore

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