Summary

MarketsandMarkets forecasts the global traffic management market size is projected to grow from USD 38.2 billion in 2022 to USD 68.8 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% during the forecast period. As the population grows and moves to urban centers, more people utilize the road and transport network resulting in growing congestion and more frequent accidents. The need for information using traffic management systems to improve the quality and performance of road services and provide accurate real-time data from multiple sources will drive the market.
The increasing migration of people from rural areas to urban areas has increased exponentially in urban households owning cars. Combining this with the existing traffic infrastructures that cannot keep up with rapid growth is the main reason for traffic congestion. Road transport is responsible for about 16% of manmade CO2 emissions. Road transportation is the biggest emitter of all Green House Gas (GHG) emissions, accounting for more than 70% of total Green House Gas (GHG) emissions since 2014. The total number of cars and commercial vehicles on the road will nearly double by 2040. All these factors are driving government agencies, regulatory bodies, and technology providers to find solutions for better traffic management across cities.
The traffic management system enables users to plan their journey in advance, find the shortest route in a real-time situation, provide help on-demand during the journey, and reduce their carbon footprint. Capital investments by governments in megaprojects, such as smart cities and smart transport infrastructures, have gradually become slow-paced, hindering the development of the transportation sector. The costs involved in the transformation of legacy systems are considerably high. The lack of participation from the private sector has made an impact on the current development projects.
“The vehicle detection boards are projected to account for the largest share among display boards during the forecast period.”
In the traffic management market, by display board type, the vehicle detection board segment is expected to hold the largest market size. Display boards give clear traffic information messages to the drivers. These messages are easy to read and are important for drivers on fast, busy roads. Vehicle detection boards identify overweight vehicles moving toward overhead obstacles, such as bridges, tunnels, and other structures, and then warn the drivers individually. The need for systems with extensive capabilities, accuracy, and versatility of different detection types, such as speed, vehicle counts, vehicle classification, stopped vehicle detection, wrong-way vehicles, accident detection, and more typical traffic data, such as occupancy, the gap between vehicles, queue detection will drive the segment growth.
“The air quality sensors segment is estimated to grow at the highest CAGR during the forecast period.”
In the traffic management market, by sensor type, the air quality sensors segment is estimated to record the highest CAGR during the forecast period. The air quality sensors are built into the infrastructure to measure weather data like rain intensity, humidity, air pressure and temperature as well as particulate matters (PM1.0, PM2.5, PM10) and harmful oxides such as carbon monoxide, nitrogen dioxide etc. Air quality sensors provide useful information about air pollution to take appropriate measures to mitigate the negative impact.

“The route guidance and route optimization segment is estimated to record the largest share among solutions during the forecast period.”
In the traffic management market, by solution, the route guidance and route optimization segment is estimated to record the largest share during the forecast period. Route optimization helps users to determine the best and most cost-efficient route for their travel. The need for well-planned routes to help drivers spend less time driving, eventually reducing the fuel cost, will drive the market.

“Europe is projected to record the largest market share during the forecast period.”
Europe is estimated to dominate the traffic management market and record the largest share during the forecast period. The European market has diverse business needs. Similar to North America, enterprises in this region have strong technical expertise and bigger IT budgets. In addition, there are many traffic management vendors in this region. Europe has a very conducive environment for implementing traffic management systems, as the government has planned investments to improve public transportation modes in this region.
Breakdown of primaries

The study contains insights from various industry experts, ranging from solution vendors to Tier 1 companies. The break-up of the primaries is as follows:

• By Company Type: Tier 1 - 45%, Tier 2 - 25%, and Tier 3 - 30%
• By Designation: C-level - 45%, Directors - 30%, and Others - 25%
• By Region: North America - 30%, Europe - 35%, Asia Pacific - 20%, RoW - 15%

The report covers the competitive landscape and profiles major market players Siemens (Germany), Huawei (China), IBM (US), Cisco (US), Kapsch TrafficCom (Austria), SWARCO (Austria), Q-Free (Norway), Thales Group (France), PTV Group (Germany), Teledyne FLIR (US), Cubic (US), TomTom (Netherlands), Alibaba Cloud (China), TransCore (US), Chevron TM (England), Indra (Spain), LG CNS (South Korea), INRIX (England), Notraffic (Israel), Sensys Networks (US), Citilog (France), Bercman Technologies (Estonia), Valerann (Israel), Miovision (Canada), BlueSignal (South Korea), Telegra (Croatia), Oriux (US), Invarion (US), and Rekor (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the traffic management market.
Research Coverage
The market study covers the traffic management market across different segments. It aims at estimating the market size and the growth potential of this market across different segments based on component (solutions, hardware, and services), system (urban traffic management and control, adaptive traffic control system, journey time management system, predictive traffic modeling system, incident detection and location system, dynamic traffic management system) and region (North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America). The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market by providing information on the closest approximations of the revenue numbers for the overall transportation management system market and its segments. This report is also expected to help stakeholders understand the competitive landscape and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

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Table of Contents

1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION 31
1.2.1 INCLUSIONS AND EXCLUSIONS 31
1.3 MARKET SCOPE 32
1.3.1 MARKET SEGMENTATION 32
1.3.2 REGIONS COVERED 33
1.3.3 YEARS CONSIDERED 33
1.4 CURRENCY CONSIDERED 34
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2021 34
1.5 STAKEHOLDERS 34
1.6 SUMMARY OF CHANGES 35
1.7 LIMITATIONS 35
2 RESEARCH METHODOLOGY 36
2.1 RESEARCH DATA 36
FIGURE 1 TRAFFIC MANAGEMENT MARKET: RESEARCH DESIGN 36
2.1.1 SECONDARY DATA 37
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 38
2.1.2.1 Primary interviews with experts 38
2.1.2.2 Breakup of primary interviews 38
2.1.2.3 List of key primary interview participants 39
TABLE 2 PRIMARY RESPONDENTS: TRAFFIC MANAGEMENT MARKET 39
2.1.2.4 Key industry insights 40
2.2 DATA TRIANGULATION 41
2.3 MARKET SIZE ESTIMATION 41
2.3.1 BOTTOM-UP APPROACH 41
FIGURE 2 BOTTOM-UP APPROACH 42
FIGURE 3 TRAFFIC MANAGEMENT MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH - SUPPLY-SIDE ANALYSIS 42
2.3.2 TOP-DOWN APPROACH 43
FIGURE 4 TOP-DOWN APPROACH 43
2.3.3 TRAFFIC MANAGEMENT MARKET ESTIMATION: DEMAND-SIDE ANALYSIS 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (DEMAND SIDE): SHARE OF TRAFFIC MANAGEMENT MARKET THROUGH OVERALL IT SPENDING 44
2.3.4 TRAFFIC MANAGEMENT MARKET ESTIMATION: SUPPLY-SIDE ANALYSIS 45
FIGURE 6 MARKET REVENUE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): REVENUE OF SOLUTIONS/SERVICES IN TRAFFIC MANAGEMENT MARKET 45
2.4 ASSUMPTIONS 46
3 EXECUTIVE SUMMARY 47
FIGURE 7 TRAFFIC MANAGEMENT MARKET SIZE, 2020-2027 49
FIGURE 8 LARGEST SEGMENTS IN TRAFFIC MANAGEMENT MARKET, 2022 50
FIGURE 9 TRAFFIC MANAGEMENT MARKET, REGIONAL SHARES, 2022 50
FIGURE 10 ASIA PACIFIC TO EMERGE AS THE BEST MARKET FOR INVESTMENTS DURING 2022 – 2027 51
4 PREMIUM INSIGHTS 52
4.1 BRIEF OVERVIEW OF TRAFFIC MANAGEMENT MARKET 52
FIGURE 11 RISING TRAFFIC CONGESTION AND RAPID URBANIZATION WORLDWIDE TO DRIVE TRAFFIC MANAGEMENT MARKET GROWTH 52
4.2 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT AND COUNTRY 52
FIGURE 12 SOLUTION SEGMENT AND UNITED STATES TO ACCOUNT FOR LARGE SHARES IN NORTH AMERICAN TRAFFIC MANAGEMENT MARKET IN 2022 52
4.3 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SYSTEM AND COUNTRY 53
FIGURE 13 JTMS SEGMENT AND CHINA TO ACCOUNT FOR LARGE SHARES IN ASIA PACIFIC TRAFFIC MANAGEMENT MARKET IN 2022 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 14 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: TRAFFIC MANAGEMENT MARKET 54
5.2.1 DRIVERS 55
5.2.1.1 Rising demand for real-time traffic information to drivers and passengers 55
5.2.1.2 Increasing concerns related to public safety 55
5.2.1.3 Increasing urban population, rising number of vehicles, and inadequate infrastructure 55
FIGURE 15 URBAN WORLD POPULATION FORECAST 56
5.2.1.4 Government initiatives for effective traffic management 56
5.2.1.5 Development of smart cities worldwide 56
TABLE 3 TOP TEN SMART CITIES WORLDWIDE, 2021 57
5.2.2 RESTRAINTS 57
5.2.2.1 Slow growth in infrastructure sector 57
5.2.2.2 Lack of standardized and uniform technologies to streamline legacy infrastructure 57
5.2.3 OPPORTUNITIES 58
5.2.3.1 Increasing concerns about protecting environment with eco-friendly automobile technology 58
5.2.3.2 Designing and developing smart vehicles compatible with advanced technologies 58
5.2.3.3 Growth of analytics software 58
5.2.3.4 Evolving 5G to transform traffic management market 59
5.2.4 CHALLENGES 59
5.2.4.1 High expenses associated with equipment installation 59
5.2.4.2 Security threats and hacking challenges 60
5.2.4.3 Multiple sensors and touchpoints pose data fusion challenges 60
5.3 AVERAGE SELLING PRICE TREND 60
5.3.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SUBSCRIPTION-BASED SOFTWARE 61
TABLE 4 AVERAGE SELLING PRICE RANGES OF SUBSCRIPTION-BASED TRAFFIC MANAGEMENT SOFTWARE 61
5.4 SUPPLY/VALUE CHAIN ANALYSIS 61
FIGURE 16 TRAFFIC MANAGEMENT MARKET: VALUE CHAIN ANALYSIS 62
5.5 ECOSYSTEM 62
TABLE 5 TRAFFIC MANAGEMENT ECOSYSTEM 63
5.6 TECHNOLOGY ANALYSIS 64
5.6.1 BIG DATA AND ANALYTICS 64
5.6.2 ARTIFICIAL INTELLIGENCE 64
5.6.3 EDGE COMPUTING 65
5.6.4 INTERNET OF THINGS 65
5.6.5 5G 65
5.7 TRAFFIC DATA FLOW PROCESS 66
FIGURE 17 TRAFFIC MANAGEMENT MARKET: DATA FLOW PROCESS 66
5.8 PATENT ANALYSIS 66
FIGURE 18 TOP TEN COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS 67
TABLE 6 TOP 20 PATENT OWNERS (US) 67
FIGURE 19 NUMBER OF PATENTS GRANTED YEARLY, 2012–2021 68
5.9 KEY CONFERENCES AND EVENTS DURING 2022–2023 68
TABLE 7 TRAFFIC MANAGEMENT MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 68
5.10 REGULATORY LANDSCAPE 69
5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 69
5.10.2 MANUAL ON TRAFFIC CONTROL DEVICES FOR STREETS AND HIGHWAYS 69
5.10.3 INTERNATIONAL ORGANIZATION FOR STANDARDIZATION 69
5.10.3.1 ISO/IEC JTC 1 70
5.10.3.2 ISO/IEC 27001 70
5.10.3.3 ISO/IEC 19770 70
5.10.3.4 ISO/IEC JTC 1/SWG 5 70
5.10.3.5 ISO/IEC JTC 1/SC 31 70
5.10.3.6 ISO/IEC JTC 1/SC 27 70
5.10.3.7 ISO/IEC JTC 1/WG 7 SENSOR 70
5.10.4 GENERAL DATA PROTECTION REGULATION 71
5.10.5 FEDERAL MOTOR CARRIER SAFETY ADMINISTRATION 71
5.10.6 FEDERAL HIGHWAY ADMINISTRATION 71
5.10.7 INSTITUTE OF ELECTRICAL AND ELECTRONICS ENGINEERS 71
5.10.8 CEN/ISO 71
5.10.9 CEN/CENELEC 71
5.10.10 EUROPEAN TELECOMMUNICATIONS STANDARDS INSTITUTE 72
5.10.11 ITU-T 72
5.11 PORTER’S FIVE FORCES ANALYSIS 72
FIGURE 20 TRAFFIC MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS 72
TABLE 8 IMPACT OF PORTER’S FIVE FORCES 73
5.11.1 THREAT OF NEW ENTRANTS 73
5.11.2 THREAT OF SUBSTITUTES 73
5.11.3 BARGAINING POWER OF BUYERS 73
5.11.4 BARGAINING POWER OF SUPPLIERS 74
5.11.5 COMPETITIVE RIVALRY 74
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 74
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 74
FIGURE 21 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS 74
TABLE 9 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR END USERS 75
5.12.2 BUYING CRITERIA 75
FIGURE 22 KEY BUYING CRITERIA FOR TOP THREE END USERS 75
TABLE 10 KEY BUYING CRITERIA FOR END USERS 75
5.13 CASE STUDY ANALYSIS 76
5.13.1 CASE STUDY 1: SIEMENS HELPED LONDON CITY WITH TRAFFIC MANAGEMENT SOLUTION TO CREATE ULTRA LOW EMISSION ZONE 76
5.13.2 CASE STUDY 2: HUAWEI HELPED LAHORE CITY WITH TRAFFIC MANAGEMENT TO IMPROVE TRAFFIC CONDITIONS 77
5.13.3 CASE STUDY 3: SWARCO AND AITEK HELPED RIYADH WITH TRAFFIC MANAGEMENT 77
5.13.4 CASE STUDY 4: TRANSCORE DEPLOYED INTELLIGENT TRAFFIC SYSTEM IN NEW YORK CITY 78
5.13.5 CASE STUDY 5: TOMTOM HELPED HELSINKI STUDY TRAFFIC FLOW 79
6 TRAFFIC MANAGEMENT MARKET, BY COMPONENT 80
6.1 INTRODUCTION 81
6.1.1 COMPONENT: TRAFFIC MANAGEMENT MARKET DRIVERS 81
FIGURE 23 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 81
TABLE 11 TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION) 82
TABLE 12 TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 82
TABLE 13 COMPONENT: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 82
TABLE 14 COMPONENT: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 83
6.2 HARDWARE 83
FIGURE 24 SURVEILLANCE CAMERAS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 83
TABLE 15 TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2017–2021 (USD MILLION) 84
TABLE 16 TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2022–2027 (USD MILLION) 84
TABLE 17 HARDWARE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 84
TABLE 18 HARDWARE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 85
6.2.1 DISPLAY BOARDS 85
FIGURE 25 VEHICLE DETECTION BOARDS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 85
TABLE 19 DISPLAY BOARDS: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2017–2021 (USD MILLION) 86
TABLE 20 DISPLAY BOARDS: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2022–2027 (USD MILLION) 86
TABLE 21 DISPLAY BOARDS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 86
TABLE 22 DISPLAY BOARDS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 87
6.2.1.1 Multifunctional boards 87
TABLE 23 MULTIFUNCTIONAL BOARDS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 87
TABLE 24 MULTIFUNCTIONAL BOARDS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 88
6.2.1.2 Vehicle detection boards 88
TABLE 25 VEHICLE DETECTION BOARDS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 88
TABLE 26 VEHICLE DETECTION BOARDS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 89
6.2.1.3 Communication boards 89
TABLE 27 COMMUNICATION BOARDS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 89
TABLE 28 COMMUNICATION BOARDS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 90
6.2.2 SENSORS 90
FIGURE 26 SPEED SENSORS SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 90
TABLE 29 SENSORS: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2017–2021 (USD MILLION) 91
TABLE 30 SENSORS: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2022–2027 (USD MILLION) 91
TABLE 31 SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 91
TABLE 32 SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 92
6.2.2.1 Vehicle detection sensors 92
TABLE 33 VEHICLE DETECTION SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 92
TABLE 34 VEHICLE DETECTION SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 93
6.2.2.2 Pedestrian presence sensors 93
TABLE 35 PEDESTRIAN PRESENCE SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 93
TABLE 36 PEDESTRIAN PRESENCE SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 94
6.2.2.3 Speed sensors 94
TABLE 37 SPEED SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 94
TABLE 38 SPEED SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 95
6.2.2.4 Air quality sensors 95
TABLE 39 AIR QUALITY SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 95
TABLE 40 AIR QUALITY SENSORS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 96
6.2.3 SURVEILLANCE CAMERAS 96
FIGURE 27 IP CAMERAS SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD 96
TABLE 41 SURVEILLANCE CAMERAS: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2017–2021 (USD MILLION) 97
TABLE 42 SURVEILLANCE CAMERAS: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2022–2027 (USD MILLION) 97
TABLE 43 SURVEILLANCE CAMERAS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 97
TABLE 44 SURVEILLANCE CAMERAS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 98
6.2.3.1 Internet protocol cameras 98
TABLE 45 INTERNET PROTOCOL CAMERAS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 98
TABLE 46 INTERNET PROTOCOL CAMERAS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 99
6.2.3.2 Analog cameras 99
TABLE 47 ANALOG CAMERAS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 99
TABLE 48 ANALOG CAMERAS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 100
6.2.4 OTHER HARDWARE 100
TABLE 49 OTHER HARDWARE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 100
TABLE 50 OTHER HARDWARE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 101
6.3 SOLUTIONS 101
FIGURE 28 ROUTE GUIDANCE & ROUTE OPTIMIZATION SEGMENT TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD 101
TABLE 51 TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2017–2021 (USD MILLION) 102
TABLE 52 TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 102
TABLE 53 SOLUTIONS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 102
TABLE 54 SOLUTIONS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 103
6.3.1 SMART SIGNALING 103
TABLE 55 SMART SIGNALING: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021(USD MILLION) 103
TABLE 56 SMART SIGNALING: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 104
6.3.2 ROUTE GUIDANCE & ROUTE OPTIMIZATION 104
TABLE 57 ROUTE GUIDANCE & ROUTE OPTIMIZATION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 104
TABLE 58 ROUTE GUIDANCE & ROUTE OPTIMIZATION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 105
6.3.3 TRAFFIC ANALYTICS 105
TABLE 59 TRAFFIC ANALYTICS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 105
TABLE 60 TRAFFIC ANALYTICS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 106
6.3.4 SMART SURVEILLANCE 106
TABLE 61 SMART SURVEILLANCE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 106
TABLE 62 SMART SURVEILLANCE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 107
FIGURE 29 VIDEO ANALYTICS SEGMENT TO ACCOUNT FOR HIGHER CAGR DURING FORECAST PERIOD 107
TABLE 63 SMART SURVEILLANCE: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2017–2021 (USD MILLION) 107
TABLE 64 SMART SURVEILLANCE: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2022–2027 (USD MILLION) 108
6.3.4.1 Video management software 108
TABLE 65 VIDEO MANAGEMENT SOFTWARE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 108
TABLE 66 VIDEO MANAGEMENT SOFTWARE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 108
6.3.4.2 Video analytics 109
TABLE 67 VIDEO ANALYTICS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 109
TABLE 68 VIDEO ANALYTICS: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 109
6.3.4.2.1 Video analytics, by application 110
FIGURE 30 VIDEO ANALYTICS APPLICATIONS 110
FIGURE 31 AUTOMATIC NUMBER PLATE RECOGNITION SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 110
TABLE 69 VIDEO ANALYTICS: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2017–2021 (USD MILLION) 111
TABLE 70 VIDEO ANALYTICS: TRAFFIC MANAGEMENT MARKET, BY TYPE, 2022–2027 (USD MILLION) 111
6.3.4.2.1.1 Automatic Number Plate Recognition (ANPR) 111
TABLE 71 AUTOMATIC NUMBER PLATE RECOGNITION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 112
TABLE 72 AUTOMATIC NUMBER PLATE RECOGNITION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 112
6.3.4.2.1.2 Facial recognition 112
TABLE 73 FACIAL RECOGNITION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 113
TABLE 74 FACIAL RECOGNITION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 113
6.3.4.2.1.3 Pedestrian detection 113
TABLE 75 PEDESTRIAN DETECTION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 114
TABLE 76 PEDESTRIAN DETECTION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 114
6.3.4.2.1.4 Incident detection 114
TABLE 77 INCIDENT DETECTION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 115
TABLE 78 INCIDENT DETECTION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 115
6.4 SERVICES 115
FIGURE 32 IMPLEMENTATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 116
TABLE 79 TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2017–2021 (USD MILLION) 116
TABLE 80 TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2022–2027 (USD MILLION) 116
TABLE 81 SERVICES: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 117
TABLE 82 SERVICES: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 117
6.4.1 CONSULTING 117
TABLE 83 CONSULTING: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 118
TABLE 84 CONSULTING: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 118
6.4.2 IMPLEMENTATION 118
TABLE 85 IMPLEMENTATION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 119
TABLE 86 IMPLEMENTATION: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 119
6.4.3 SUPPORT & MAINTENANCE 119
TABLE 87 SUPPORT & MAINTENANCE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 120
TABLE 88 SUPPORT & MAINTENANCE: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 120
7 TRAFFIC MANAGEMENT MARKET, BY SYSTEM 121
7.1 INTRODUCTION 122
7.1.1 SYSTEM: TRAFFIC MANAGEMENT MARKET DRIVERS 122
FIGURE 33 INCIDENT DETECTION & LOCATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 123
TABLE 89 TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2017–2021 (USD MILLION) 123
TABLE 90 TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2022–2027 (USD MILLION) 123
7.2 URBAN TRAFFIC MANAGEMENT & CONTROL 124
FIGURE 34 URBAN TRAFFIC MANAGEMENT & CONTROL SYSTEM 125
TABLE 91 URBAN TRAFFIC MANAGEMENT & CONTROL: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 125
TABLE 92 URBAN TRAFFIC MANAGEMENT & CONTROL: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 126
7.3 ADAPTIVE TRAFFIC CONTROL SYSTEM 126
FIGURE 35 ADAPTIVE TRAFFIC CONTROL SYSTEM 126
TABLE 93 ADAPTIVE TRAFFIC CONTROL SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 127
TABLE 94 ADAPTIVE TRAFFIC CONTROL SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 127
7.4 JOURNEY TIME MANAGEMENT SYSTEM 127
FIGURE 36 STRUCTURE OF JOURNEY TIME MEASUREMENT SYSTEM 128
TABLE 95 JOURNEY TIME MEASUREMENT SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 128
TABLE 96 JOURNEY TIME MEASUREMENT SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 128
7.5 PREDICTIVE TRAFFIC MODELING SYSTEM 129
TABLE 97 PREDICTIVE TRAFFIC MODELING SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 129
TABLE 98 PREDICTIVE TRAFFIC MODELING SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 130
7.6 INCIDENT DETECTION & LOCATION SYSTEM 130
TABLE 99 INCIDENT DETECTION & LOCATION SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 130
TABLE 100 INCIDENT DETECTION & LOCATION SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 131
7.7 DYNAMIC TRAFFIC MANAGEMENT SYSTEM 131
TABLE 101 DYNAMIC TRAFFIC MANAGEMENT SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 131
TABLE 102 DYNAMIC TRAFFIC MANAGEMENT SYSTEM: TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 132
 
8 TRAFFIC MANAGEMENT MARKET, BY REGION 133
8.1 INTRODUCTION 134
FIGURE 37 EUROPE TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 134
TABLE 103 TRAFFIC MANAGEMENT MARKET, BY REGION, 2017–2021 (USD MILLION) 135
TABLE 104 TRAFFIC MANAGEMENT MARKET, BY REGION, 2022–2027 (USD MILLION) 135
8.2 NORTH AMERICA 135
8.2.1 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET DRIVERS 136
8.2.2 NORTH AMERICA: TRAFFIC MANAGEMENT REGULATIONS 136
8.2.3 PESTLE ANALYSIS: NORTH AMERICA 137
TABLE 105 TRAFFIC SCORECARD 2021: NORTH AMERICA 138
TABLE 106 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION) 139
TABLE 107 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 139
TABLE 108 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2017–2021 (USD MILLION) 139
TABLE 109 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2022–2027 (USD MILLION) 140
TABLE 110 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2017–2021 (USD MILLION) 140
TABLE 111 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2022–2027 (USD MILLION) 140
TABLE 112 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2017–2021 (USD MILLION) 140
TABLE 113 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2022–2027 (USD MILLION) 141
TABLE 114 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2017–2021 (USD MILLION) 141
TABLE 115 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2022–2027 (USD MILLION) 141
TABLE 116 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2017–2021 (USD MILLION) 142
TABLE 117 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 142
TABLE 118 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2017–2021 (USD MILLION) 142
TABLE 119 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2022–2027 (USD MILLION) 142
TABLE 120 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2017–2021 (USD MILLION) 143
TABLE 121 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2022–2027 (USD MILLION) 143
TABLE 122 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2017–2021 (USD MILLION) 143
TABLE 123 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2022–2027 (USD MILLION) 144
TABLE 124 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2017–2021 (USD MILLION) 144
TABLE 125 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2022–2027 (USD MILLION) 144
TABLE 126 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY COUNTRY, 2017–2021 (USD MILLION) 145
TABLE 127 NORTH AMERICA: TRAFFIC MANAGEMENT MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 145
8.2.4 US 145
8.2.4.1 Major initiatives by government to drive market 145
8.2.5 CANADA 146
8.2.5.1 Development of smart cities to drive market 146
8.3 EUROPE 146
8.3.1 EUROPE: TRAFFIC MANAGEMENT MARKET DRIVERS 147
8.3.2 EUROPE: TRAFFIC MANAGEMENT REGULATIONS 147
8.3.3 PESTLE ANALYSIS: EUROPE 147
TABLE 128 TRAFFIC SCORECARD, 2021: EUROPE 149
FIGURE 38 EUROPE: MARKET SNAPSHOT 150
TABLE 129 EUROPE: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION) 150
TABLE 130 EUROPE: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 151
TABLE 131 EUROPE: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2017–2021 (USD MILLION) 151
TABLE 132 EUROPE: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2022–2027 (USD MILLION) 151
TABLE 133 EUROPE: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2017–2021 (USD MILLION) 152
TABLE 134 EUROPE: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2022–2027 (USD MILLION) 152
TABLE 135 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2017–2021 (USD MILLION) 152
TABLE 136 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2022–2027 (USD MILLION) 152
TABLE 137 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2017–2021 (USD MILLION) 153
TABLE 138 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2022–2027 (USD MILLION) 153
TABLE 139 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2017–2021 (USD MILLION) 153
TABLE 140 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 154
TABLE 141 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2017–2021 (USD MILLION) 154
TABLE 142 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2022–2027 (USD MILLION) 154
TABLE 143 EUROPE: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2017–2021 (USD MILLION) 154
TABLE 144 EUROPE: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2022–2027 (USD MILLION) 155
TABLE 145 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2017–2021 (USD MILLION) 155
TABLE 146 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2022–2027 (USD MILLION) 155
TABLE 147 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2017–2021 (USD MILLION) 156
TABLE 148 EUROPE: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2022–2027 (USD MILLION) 156
TABLE 149 EUROPE: TRAFFIC MANAGEMENT MARKET, BY COUNTRY, 2017–2021 (USD MILLION) 156
TABLE 150 EUROPE: TRAFFIC MANAGEMENT MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 157
8.3.4 UK 157
8.3.4.1 Government initiatives supported by collaborations and partnerships to drive market 157
8.3.5 GERMANY 157
8.3.5.1 Government initiatives supported by private collaborations and partnerships to drive market 157
8.3.6 FRANCE 158
8.3.6.1 Advancements in robotics and IoT to drive market 158
8.3.7 REST OF EUROPE 158
8.4 ASIA PACIFIC 158
8.4.1 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET DRIVERS 159
8.4.2 ASIA PACIFIC: TRAFFIC MANAGEMENT REGULATIONS 159
8.4.3 PESTLE ANALYSIS: ASIA PACIFIC 160
FIGURE 39 ASIA PACIFIC: MARKET SNAPSHOT 161
TABLE 151 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION) 162
TABLE 152 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 162
TABLE 153 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2017–2021 (USD MILLION) 162
TABLE 154 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2022–2027 (USD MILLION) 163
TABLE 155 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2017–2021 (USD MILLION) 163
TABLE 156 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2022–2027 (USD MILLION) 163
TABLE 157 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2017–2021 (USD MILLION) 163
TABLE 158 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2022–2027 (USD MILLION) 164
TABLE 159 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2017–2021 (USD MILLION) 164
TABLE 160 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2022–2027 (USD MILLION) 164
TABLE 161 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2017–2021 (USD MILLION) 165
TABLE 162 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 165
TABLE 163 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2017–2021 (USD MILLION) 165
TABLE 164 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2022–2027 (USD MILLION) 165
TABLE 165 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2017–2021 (USD MILLION) 166
TABLE 166 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2022–2027 (USD MILLION) 166
TABLE 167 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2017–2021 (USD MILLION) 166
TABLE 168 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2022–2027 (USD MILLION) 167
TABLE 169 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2017–2021 (USD MILLION) 167
TABLE 170 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2022–2027 (USD MILLION) 167
TABLE 171 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY COUNTRY, 2017–2021 (USD MILLION) 168
TABLE 172 ASIA PACIFIC: TRAFFIC MANAGEMENT MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 168
8.4.4 AUSTRALIA AND NEW ZEALAND 168
8.4.4.1 Increasing adoption of latest technologies to drive market 168
8.4.5 CHINA 169
8.4.5.1 Need to overcome traffic congestion to drive market 169
TABLE 173 CHINA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION) 169
TABLE 174 CHINA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 169
TABLE 175 CHINA: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2017–2021 (USD MILLION) 170
TABLE 176 CHINA: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2022–2027 (USD MILLION) 170
TABLE 177 CHINA: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2017–2021 (USD MILLION) 170
TABLE 178 CHINA: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2022–2027 (USD MILLION) 171
TABLE 179 CHINA: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2017–2021 (USD MILLION) 171
TABLE 180 CHINA: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2022–2027 (USD MILLION) 171
TABLE 181 CHINA: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2017–2021 (USD MILLION) 171
TABLE 182 CHINA: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2022–2027 (USD MILLION) 172
TABLE 183 CHINA: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2017–2021 (USD MILLION) 172
TABLE 184 CHINA: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 172
TABLE 185 CHINA: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2017–2021 (USD MILLION) 173
TABLE 186 CHINA: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2022–2027 (USD MILLION) 173
TABLE 187 CHINA: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2017–2021 (USD MILLION) 173
TABLE 188 CHINA: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2022–2027 (USD MILLION) 174
TABLE 189 CHINA: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2017–2021 (USD MILLION) 174
TABLE 190 CHINA: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2022–2027 (USD MILLION) 174
TABLE 191 CHINA: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2017–2021 (USD MILLION) 175
TABLE 192 CHINA: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2022–2027 (USD MILLION) 175
8.4.6 JAPAN 175
8.4.6.1 Digital transformation across country to drive market 175
8.4.7 SINGAPORE 176
8.4.7.1 Increasing investments in Singapore for network extensions to drive market 176
8.4.8 REST OF ASIA PACIFIC 176
8.5 MIDDLE EAST & AFRICA 176
8.5.1 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET DRIVERS 177
8.5.2 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT REGULATIONS 177
8.5.3 PESTLE ANALYSIS: MIDDLE EAST & AFRICA 177
TABLE 193 TRAFFIC SCORECARD, 2021: MIDDLE EAST & AFRICA 179
TABLE 194 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2017–2021 (USD MILLION) 179
TABLE 195 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY COMPONENT, 2022–2027 (USD MILLION) 179
TABLE 196 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2017–2021 (USD MILLION) 180
TABLE 197 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY HARDWARE, 2022–2027 (USD MILLION) 180
TABLE 198 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2017–2021 (USD MILLION) 180
TABLE 199 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY DISPLAY BOARD TYPE, 2022–2027 (USD MILLION) 181
TABLE 200 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2017–2021 (USD MILLION) 181
TABLE 201 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SURVEILLANCE CAMERA, 2022–2027 (USD MILLION) 181
TABLE 202 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2017–2021 (USD MILLION) 181
TABLE 203 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SENSOR, 2022–2027 (USD MILLION) 182
TABLE 204 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2017–2021 (USD MILLION) 182
TABLE 205 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SOLUTION, 2022–2027 (USD MILLION) 182
TABLE 206 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2017–2021 (USD MILLION) 183
TABLE 207 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SMART SURVEILLANCE, 2022–2027 (USD MILLION) 183
TABLE 208 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2017–2021 (USD MILLION) 183
TABLE 209 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY VIDEO ANALYTICS, 2022–2027 (USD MILLION) 183
TABLE 210 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2017–2021 (USD MILLION) 184
TABLE 211 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SERVICE, 2022–2027 (USD MILLION) 184
TABLE 212 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2017–2021 (USD MILLION) 184
TABLE 213 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY SYSTEM, 2022–2027 (USD MILLION) 185
TABLE 214 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY COUNTRY, 2017–2021 (USD MILLION) 185
TABLE 215 MIDDLE EAST & AFRICA: TRAFFIC MANAGEMENT MARKET, BY COUNTRY, 2022–2027 (USD MILLION) 185
8.5.4 ISRAEL 186
8.5.4.1 Major investments for better transport infrastructure to drive market 186
8.5.5 QATAR 186
8.5.5.1 Increasing traffic management projects to drive market 186
8.5.6 UAE 186
8.5.6.1 Advancements in technology to drive market 186
8.5.7 SOUTH AFRICA 187
8.5.7.1 Adoption of IoT and cloud technologies to drive market 187
8.5.8 REST OF MIDDLE EAST & AFRICA 187