The Traffic Management Systems Market is expected to reach USD 50.20 billion by 2030, at a CAGR of 13.3% during the forecast period (2023–2030). The growth of the traffic management systems market is driven by increasing government investments in improving road safety, the rising need to ease traffic congestion, and growing urbanization. However, the high capital and maintenance costs of traffic management systems restrain the growth of this market.
The growing reliance on real-time traffic information and the proliferation of smart cities are expected to generate growth opportunities for the stakeholders in this market. However, the lack of technology adoption in developing countries and the incompatibility and lack of interoperability among different traffic management systems are major challenges impacting market growth.
Additionally, the integration of Artificial Intelligence (AI) in traffic management systems and the utilization of 5G technology for improved accuracy are prominent trends in the traffic management systems market.
Here are the top 10 companies operating in the Traffic Management Systems Market
Founded in 1991 and headquartered in Amsterdam, Netherlands, TomTom N.V. provides location data and technology to drivers, carmakers, businesses, and developers. The company helps local governments manage traffic & businesses plan smarter working hours, and drivers avoid congested roads, enabling a reduction in emissions. The company offers tailored solutions with scalability, providing historical and real-time traffic data as a service to improve traffic and travel.
The company operates in the market through two segments: Location Technology and Consumer. The Consumer business offers drivers navigation, including directions, guidance, and information about the road ahead. The company offers consumer products in the form of portable navigation devices (PNDs) and mobile applications. The Location Technology segments include Enterprise business and Automotive business. The Enterprise business segment serves some of the world’s largest and most innovative technology companies, and the automotive business serves carmakers and their Tier-1 suppliers.
With its subsidiaries and strong distribution network, the company has a geographical presence across Europe, North America, and other regions. Some of its subsidiaries are TomTom Germany GmbH & Co. KG. (Germany) and TomTom Location Technology Germany GmbH (Germany).
Founded in 1969 and headquartered in Tyrol, Austria, SWARCO AG is a traffic technology corporation with an international network of production facilities, offices, and partners on all continents. The company offers traffic management products, systems, services, and turnkey solutions for orientation, safety, and convenient traveling. The company provides complete solution portfolios for road marking, signage, urban traffic management, parking, highway and tunnel management, and public transport. The company’s traffic management solutions include traffic telematics, urban traffic management, highway and tunnel management, and bicycle solutions.
Some of its subsidiaries are SWARCO UK & Ireland Ltd. (U.K.), SWARCO TECHNOLOGY APS (Denmark), SWARCO SCHWEIZ AG (Switzerland), SWARCO SVERIGE AB (Sweden), and SWARCO TRAFFIC SYSTEMS GmbH (Germany).
Founded in 1892 and headquartered in Vienna, Austria, Kapsch TrafficCom AG is a provider of transportation solutions for sustainable mobility with projects in more than 50 countries. Kapsch TrafficCom provides innovative solutions in the fields of tolling, tolling services, traffic management, and demand management. The company integrates AI and data analytics in solutions to improve the cost-performance ratio.
The company’s intelligent urban traffic concepts are based on technologies such as ANPR, DSRC, and GNSS to control compliance. The company combines demand management with its integrated traffic and mobility management both in relation to road traffic and non-motorized modes of transport to achieve optimal access to all aspects of mobility. The company operates in the market through two business segments: Tolling and Traffic Management.
With its subsidiaries and strong distribution network, the company has a geographical presence across EMEA, Americas, and APAC. Some of its subsidiaries are Kapsch TrafficCom France SAS (France), Kapsch Telematic Services Sp. z o.o. (Poland), Kapsch TrafficCom Transportation S.A.U. (Madrid) (Spain), Kapsch TrafficCom AB (Sweden) and Kapsch Telematic Services GmbH Deutschland (Germany).
Founded in 2021 and headquartered in Munich, Germany, Yunex GmbH is a wholly-owned subsidiary of Mundys SpA. Yunex is a global leader in intelligent traffic systems, offering the broadest end-to-end portfolio of solutions for adaptive traffic control and management, highway and tunnel automation, and intelligent solutions for V2X and tolling systems. In June 2022, Mundys SpA completed the acquisition of a 100% stake in Yunex Traffic from Siemens AG (Germany).
Yunex develops innovative mobility options for cities, highway authorities, and mobility providers. The company’s products for efficient mobility ecosystems are traffic management systems, simulation, tunnel management, AI-powered digital solutions, and infrastructure for autonomous driving to transform cities. The company also provides comprehensive urban and interurban traffic management solutions, including sales, installation, provision, operation, service, and maintenance of road traffic control products and systems.
With its strong distribution network, the company has a geographical presence across North America, Latin America, Europe, and Asia-Pacific.
Founded in 1984 and headquartered in Trondheim, Norway, Q-Free ASA is a global innovator in intelligent transportation systems that improve traffic flow, road safety, and air quality. Q-Free offers single traffic light controllers and software and central software platforms for managing a network or system of traffic lights in urban areas. The company helps traffic management center operators expand their operational capabilities with a centralized intelligent system that supports traffic management, intelligent decision-making, and multimodal transportation management. The company also provides maintenance services.
The company operates in the market through two reportable segments: Traffic Management and Tolling. The Tolling segment portfolio includes turnkey systems such as multi-lane free flow (MLFF), congestion charging, truck tolling, etc.
With its subsidiaries and strong distribution network, the company has a geographical presence across the Americas and APMEA. Some of its subsidiaries are Q-Free Norge AS (Norway), Q-Free Espana S.L.U. (Spain), Q-Free Netherlands BV (Netherlands), and Q-Free Denmark Ap (Denmark).
Meticulous Research in its latest publication on Traffic Management Systems Market has predicted the growth of 13.3% during the forecast year 2023-2030.
Indra Sistemas, S.A.
Headquartered in Madrid, Spain, Indra Sistemas, S.A. is a world leader in providing proprietary solutions in specific segments in the Transport and Defence markets. The company provides consulting services to plan and design transport infrastructures for its customers. Indra has an integrated technology suite that includes ticketing and toll systems, information and control systems for multiple infrastructures and modes of transport, rail safety, and signaling systems, as well as transport consulting and planning capabilities. The company is a tech partner for multiple infrastructure projects across Europe, the Middle East, Latin America, and Oceania. The company operates in the market through two reportable segments: Transport and Defence and Information Technologies.
With its subsidiaries and strong distribution network, the company has a geographical presence across Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa. Some of its subsidiaries are Indra Navia A.S. (Norway), Indra Beijing Information Technology Systems Ltd. (China), Indra Sistemas Transporte y Defensa, S.A. de C.V. (Mexico), and PT Indra Indonesia (Indonesia).
Founded in 1951 and headquartered in California, U.S., Cubic Corporation is a technology-driven, market-leading global provider of innovative, mission-critical solutions that reduce congestion and increase operational effectiveness. The company provides innovative products and solutions for the defense and transportation industry.
The cubic comprehensive platform of software and hardware components provides a fully integrated solution to manage safe and efficient traffic movements in real-time. The company offers a wide variety of intelligent transportation solutions, including congestion management, intersection safety & efficiency, and roadway planning & simulation. With its strong distribution network, the company has a geographical presence across North America, Europe, Asia-Pacific, and the Middle East.
Cisco Systems, Inc.
Incorporated in 1984 and headquartered in California, U.S., Cisco Systems, Inc. designs and sells a broad range of technologies that power the Internet. The company is integrating platforms across networking, security, collaboration, applications, and the cloud to help customers manage more users, devices, and things connecting to their networks. The company’s customers include businesses of all sizes, public institutions, governments, and service providers, including large webscale providers. The company offers powerful architecture to build modern and secure connected roadways.
The company’s IoT solutions provide traffic signal controller monitoring, real-time visibility into traffic movement and congestion, and electronic tolling stations to reduce traffic delays by making toll collection faster. This solution also provides drivers with roadway information and guidance on lane closures, traffic accidents, and weather conditions.
With its subsidiaries and strong distribution network, the company has a geographical presence across the Americas, Europe, the Middle East, Africa, Asia-Pacific, Japan, and China. Some of its subsidiaries are Cisco Systems Norway AS (Norway), Cisco Technologies (Beijing) Co., Ltd (China), Cisco Systems Netherlands Holdings B.V. (Netherlands), and CliQr Technologies India Private Limited (India).
Incorporated in 1987 and headquartered in Guangdong, China, Huawei Technologies Co., Ltd. is a wholly-owned subsidiary of Huawei Investment & Holding Co., Ltd., a leading provider of information and communications technology (ICT) infrastructure and smart devices. The company provides ICT services and software to support the digital and intelligent transformation of carrier, government, and enterprise customers.
The company’s intelligent traffic management solutions harness advanced technologies, including big data, AI, cloud, 5G, and more, to address accidents and heavy congestion problems. These solutions focus on three service scenarios: traffic law enforcement, vehicle check and control, and traffic management, enabling governments to build a safe, orderly, and smooth urban traffic environment.
With its subsidiaries and strong distribution network, the company has a strong geographical presence across China, EMEA, Asia Pacific, and the Americas. Some of its subsidiaries are Huawei Technologies Canada Co., Ltd (Canada), Huawei Technologies South Africa Pty Ltd. (South Africa), Huawei Technologies USA, Inc. (U.S.), and Huawei Technologies De México, S.a. De C.v. (Mexico)
PTV Planung Transport Verkehr GmbH
Founded in 1979 and headquartered in Karlsruhe, Germany, PTV Planung Transport Verkehr GmbH is a leading global software company for traffic planning, simulation, and real-time management. The company provides software products based on proprietary algorithms ranging from microscopic and macroscopic modeling and simulation of traffic to real-time traffic management, benefiting more than 2,500 cities and municipalities.
The company provides leading software for multimodal transport planning and macroscopic traffic simulations. The company also provides data and consulting services to empower mobility for a cleaner, safer, and smarter future. The company has a strong focus on reducing traffic congestion and carbon emissions for sustainable transportation.
Authoritative Research on the Traffic Management Systems Market – Global Opportunity Analysis and Industry Forecast (2023-2030)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.