North America Traffic Management Market Drivers and Forecasts by 2030
North America Traffic Management Market Size and Forecast (2020 - 2030), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component [Hardware (Cameras, Display Boards, and Sensors), Software (On-Premise and Cloud), and Service] and Application (Automatic Tolling, Lane Management, Parking Management, Surveillance, Traffic Signal Management, and Others)
- Status : Published
- Report Code : TIPRE00039028
- Category : Technology, Media and Telecommunications
- No. of Pages : 191
- Available Report Formats :
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The North America traffic management market are expected to reach US$ 28.87 billion by 2030.
The hardware segment led the North America traffic management market with a significant share in 2022 and software segment is expected to grow with the highest CAGR.
The key players holding majority shares in the North America traffic management market include Cisco Systems Inc, Cubic Corporation, IBM Corporation, Siemens AG, and Teledyne FLIR.
Increasing deployment of AI and ML and growing adoption of self-adaptive traffic signal systems is expected to drive the growth of the North America traffic management market in the coming years.
Increasing urbanization and growing infrastructure investment are driving factors of North America traffic management market.
The North America traffic management market was estimated to be valued at US$ 10.04 billion in 2022 and is projected to reach US$ 28.87 billion by 2030; it is expected to grow at a CAGR of 13.1% during the forecast period.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Traffic Management Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. North America Traffic Management Market – Key Market Dynamics
5.1 North America Traffic Management Market – Key Market Dynamics
5.2 Market Drivers
5.2.1 Increasing Urbanization
5.2.2 Growing Infrastructure Investment
5.3 Market Restraints
5.3.1 High Implementation Cost
5.4 Market Opportunities
5.4.1 Development of Smart Cities and Roadways
5.5 Future Trends
5.5.1 Increasing Deployment of AI and ML
5.5.2 Growing Adoption of Self-Adaptive Traffic Signal Systems
5.6 Impact of Drivers and Restraints:
6. North America Traffic Management Market Analysis
6.1 North America Traffic Management Market Revenue (US$ Million), 2022–2030
6.2 North America Traffic Management Market Forecast and Analysis
7. North America Traffic Management Market Analysis – by Component
7.1 Hardware
7.1.1 Overview
7.1.2 Hardware: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
7.1.3 Cameras
7.1.3.1 Overview
7.1.3.2 Cameras: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
7.1.4 Display Boards
7.1.4.1 Overview
7.1.4.2 Display Boards: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
7.1.5 Sensors
7.1.5.1 Overview
7.1.5.2 Sensors: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
7.2 Software
7.2.1 Overview
7.2.2 Software: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
7.2.3 On-Premise
7.2.3.1 Overview
7.2.3.2 On-Premise: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
7.2.4 Cloud
7.2.4.1 Overview
7.2.4.2 Cloud: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
7.3 Service
7.3.1 Overview
7.3.2 Service: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
8. North America Traffic Management Market Analysis – by Application
8.1 Automatic Tolling
8.1.1 Overview
8.1.2 Automatic Tolling: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
8.2 Lane Management
8.2.1 Overview
8.2.2 Lane Management: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
8.3 Parking Management
8.3.1 Overview
8.3.2 Parking Management: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
8.4 Surveillance
8.4.1 Overview
8.4.2 Surveillance: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
8.5 Traffic Signal Management
8.5.1 Overview
8.5.2 Traffic Signal Management: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9. North America Traffic Management Market – Country Analysis
9.1 North America Traffic Management Market Breakdown by Countries
9.1.1 North America Traffic Management Market Revenue and Forecast and Analysis – by Country
9.1.1.1 North America Traffic Management Market Revenue and Forecast and Analysis – by Country
9.1.1.2 US Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.1 US Traffic Management Market Breakdown by Component
9.1.1.2.2 US Traffic Management Market Breakdown by Hardware
9.1.1.2.3 US Traffic Management Market Breakdown by Software
9.1.1.2.4 US Traffic Management Market Breakdown by Application
9.1.1.2.5 US Traffic Management Market Breakdown by States
9.1.1.2.6 Arizona Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.7 Kentucky Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.8 Maryland Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.9 Michigan Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.10 New York Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.11 North Carolina Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.12 Ohio Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.13 South Carolina Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.14 Virginia Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.15 Wisconsin Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.2.16 Rest of US Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.3 Strengthening Mobility and Revolutionizing Transportation (SMART) Grants Program of the US –Fiscal Year 2022 Planning and Prototyping Grants by State (Selected Data)
9.1.1.4 Canada Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.1 Canada Traffic Management Market Breakdown by Component
9.1.1.4.2 Canada Traffic Management Market Breakdown by Hardware
9.1.1.4.3 Canada Traffic Management Market Breakdown by Software
9.1.1.4.4 Canada Traffic Management Market Breakdown by Application
9.1.1.4.5 Canada Traffic Management Market Breakdown by Provinces
9.1.1.4.6 Alberta Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.7 British Columbia Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.8 Ontario’s Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.9 Quebec’s Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
9.1.1.4.10 Rest of Canada Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
10.2 Company Positioning & Concentration
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Axis Communications AB
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cisco Systems Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cubic Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Dahua Technology Co., Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 International Business Machines Corp
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Hangzhou Hikvision Digital Technology Co Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 SGS SA
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Siemens AG
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Teledyne FLIR LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Snc-Lavalin Group Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 Word Index
List of Tables
Table 1. North America Traffic Management Market Segmentation
Table 2. List of Vendors
Table 3. North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Table 4. North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 5. North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 6. North America Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Country
Table 7. US Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 8. US Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Hardware
Table 9. US Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Software
Table 10. US Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 11. US Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by States
Table 12. Strengthening Mobility and Revolutionizing Transportation (SMART) Grants Program - 2022
Table 13. Canada Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Component
Table 14. Canada Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Hardware
Table 15. Canada Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Software
Table 16. Canada Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Application
Table 17. Canada Traffic Management Market – Revenue and Forecast to 2030 (US$ Million) – by Provinces
Table 18. Heat Map Analysis By Key Players
Table 19. List of Abbreviation
List of Figures
Figure 1. North America Traffic Management Market Segmentation, by Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Traffic Management Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. North America Traffic Management Market Revenue (US$ Million), 2022–2030
Figure 6. North America Traffic Management Market Share (%) – by Component, 2022 and 2030
Figure 7. Hardware: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 8. Cameras: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 9. Display Boards: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 10. Sensors: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 11. Software: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 12. On-Premise: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 13. Cloud: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 14. Service: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 15. North America Traffic Management Market Share (%) – by Application, 2022 and 2030
Figure 16. Automatic Tolling: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 17. Lane Management: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 18. Parking Management: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 19. Surveillance: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 20. Traffic Signal Management: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 21. Others: North America Traffic Management Market– Revenue and Forecast to 2030 (US$ Million)
Figure 22. North America Traffic Management Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 23. US Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 24. Arizona Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 25. Kentucky Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 26. Maryland Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 27. Michigan Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 28. New York Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 29. North Carolina Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 30. Ohio Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 31. South Carolina Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 32. Virginia Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 33. Wisconsin Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 34. Rest of US Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 35. Canada Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 36. Alberta Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 37. British Columbia Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 38. Ontario’s Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 39. Quebec’s Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 40. Rest of Canada Traffic Management Market – Revenue and Forecast to 2030 (US$ Million)
Figure 41. Company Positioning & Concentration
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The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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