Why is China Witnessing Upward Growth in Intelligent Traffic Management Systems – Exclusive Report by Fact.MR

250 Pages Intelligent Traffic Management System Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

Latest industry analysis by Fact MR, predicts sales of Intelligent Traffic Management System to swell at propelled CAGR through 2031, as automotive sales gradually recover across the world. The report is intended at presenting insights into hidden growth opportunities and challenges. It also offers recommendations to help businesses to prep for unforeseen challenges.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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Intelligent traffic management systems have greatly revolutionized the way road traffic is managed. Fact.MR has recently published a report on the market, forecasting a valuation of US$ 17.75 Bn by 2021-end. By the end of the 2021-2031 assessment period, the market is expected to reach US$ 34 Bn, registering a CAGR of 6.7%. Demand for integrated urban traffic control will surge the highest, at a CAGR of 7%.

The report offers actionable and valuable market insights of Intelligent Traffic Management System. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Intelligent Traffic Management System Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Intelligent Traffic Management System market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Intelligent Traffic Management System

This newly published and insightful report sheds light on Market Insights of Intelligent Traffic Management System, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Intelligent Traffic Management System Market.

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Key Segments Covered

  • Product Type

    • Integrated Urban Traffic Control System
    • Variable / Dynamic Message Signs
    • Emergency Response Systems
    • Border Control System
    • Electronic Toll Collection System
    • Parking Management System
    • Violation and Measurement Systems
    • Tunnel Management System
    • Freeway Management System
    • Other Systems
  • Spender Type

    • Infrastructure Enterprises & PPPs
    • Federal and Provincial Government
    • Industries & Commercial Enterprise
  • Components

    • Traffic Controllers and Signals
    • Surveillance Cameras
    • Video Walls
    • Server
    • 3D Simulators
    • GUI Workstation
    • Detectors & Sensors
    • Other Components

Full Access of this Exclusive Report is Available at- https://www.factmr.com/checkout/319

Key Takeaways from the Market Study

  • Integrated urban traffic control systems to be fastest growing, at 7% CAGR
  • Demand for emergency response systems to remain prominent, clocking a 5% growth rate until 2031
  • By component, traffic controllers and signals to account for 1/5th of the global market share
  • U.S to be a prominent market, expected to yield revenue worth US$ 4.5 Bn by 2021
  • China to be an emergent region, capturing a revenue share worth 45% from 2021-2031

“Increased traffic load on global roads and the proportionate increase in road accidents and crashes is prompting automotive manufacturers to equip automobiles with highly advanced intelligent traffic management systems,” comments a Fact.MR analyst

Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.

  • In May 2021, Mobility solutions provider Q-Free has announced the sale of its parking division to the unit’s executive vice president, Dave Radford.
  • In January 2021 Dahua Technology, a world leading video-centric smart IoT solution and service provider launched: WizSense/WizMind series which focus on the AI value transmission; HDCVI 6.0 Plus that offers continued advancement in over-coax technology, and Full-color 2.0 which provides excellent performance under extreme low light conditions, driving innovation to an AIoT future.

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Report Benefits & Key Questions Answered

  • Intelligent Traffic Management System Company & brand share analysis: The report offers in-depth Intelligent Traffic Management System brand share analysis to estimate percentage of the market covered by Tier 1, Tier 2, and Tier 3 companies
  • Intelligent Traffic Management System Historical volume analysis: The report offers a comparative analysis between historic sales of Intelligent Traffic Management System and projected sales performance for 2021-2031
  • Intelligent Traffic Management System Category & segment level analysis: Fact MR presents a comprehensive analysis of factors enabling sales growth across key segments. It underscores chief growth drivers and offers valuable information to identify sales prospects a local and regional levels
  • Intelligent Traffic Management System Consumption by demographics: To offer informed recommendation, the report studies behavior and consumption pattern of consumers. The demographics analysis is intended at helping business better understand consumer preference and design their product and market strategies around it
  • Post COVID consumer spending on Intelligent Traffic Management System: The Fact MR market survey carefully studies consumer spending behavior post COVID-19. It gauges how prevailing trends have influenced their behavior, subsequently impacting their spending power

More Valuable Insights on Intelligent Traffic Management System Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Intelligent Traffic Management System, Sales and Demand of Intelligent Traffic Management System, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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About Fact.MR

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