Asia Pacific Traffic Management Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component [Hardware (Cameras, Display Boards and Sensors), Software (Cloud and On-Premise), and Services] and Application (Automatic Tolling, Lane Management, Parking Management, Surveillance, Traffic Signal Management, and Others)

Code: BMIRE00026163 | Pages: 155 | Industry: Technology, Media and Telecommunications | Date: Sep 2022 | Type: Regional

The traffic management market in Asia Pacific is expected to grow from US$ 9,978.94 million in 2022 to US$ 20,388.52 million by 2028. It is estimated to grow at a CAGR of 12.6% from 2022 to 2028.

 

The region is witnessing a boom in connected devices, and several countries are investing in developing smart cities. Smart cities are technologically advanced urban areas that employ a variety of sensors and electronic methods for gathering data and utilizing it for the betterment of the locality. The Indian government plans to spend more than 6 billion on developing smart cities across the country over the next five years. Smart cities have long-term plans for managing traffic by optimizing transportation logistics and reducing congestion. Hence, along with smart cities, countries are investing in developing smart roadways to provide a safer vehicle commute.

 

Smart roadways include different types of sensors and hardware through which multivariate data can be collected and used for traffic monitoring. It can also be shared with vehicles traveling on the road, allowing them to make informed decisions. Most major vehicle manufacturers manufacture IoT-enabled vehicles with many sensors and devices. Such sensors gather various data, including road conditions and pollution levels. With the increasing uptake of Artificial Intelligence (AI), data from different vehicles can collaborate with data from smart roadways, and meaningful insights can be obtained.

 

Data from vehicles can be utilized to understand the congestion level at specific road sections, determine the average number of vehicles present at a particular point, and estimate the traveling time for a vehicle, among others. Based on such data, lanes can be maintained accordingly, congestions can be predicted and avoided, and disruptions can be attended to promptly. Thus, the commuting time in urban areas can be lowered by 15-20%, among several other advantages. Hence, the growing adoption of smart cities and smart roadways can be expected to provide ample growth opportunities for the traffic management market.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific traffic management market at a substantial CAGR during the forecast period.

 

Asia Pacific Traffic Management Market Revenue and Forecast to 2028 (US$ Million) 

Asia Pacific Traffic Management Market Revenue and Forecast to 2028 (US$ Million) 

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Asia Pacific Traffic Management Market Segmentation

 

The Asia Pacific traffic management market is segmented by component, application, and country. Based on component, the market is segmented into hardware, software, and services. In 2022, the hardware segment held a larger market share. On the other hand, the software superconductors segment is expected to register a higher CAGR during the forecast period.

 

Based on hardware, the market is segmented into camera, display boards, and sensors. In 2022, the camera segment held a larger market share. On the other hand, the sensors segment is expected to register a higher CAGR during the forecast period.

 

Based on software, the market is segmented into cloud and on-premise. In 2022, the on-premise segment held a larger market share. On the other hand, the cloud is expected to register a higher CAGR during the forecast period.

 

Based on application, the market is segmented into automatic tolling, lane management, parking management, surveillance, traffic signal management, and others. The traffic signal management segment held the largest share in 2022. The surveillance segment is expected to register the highest CAGR in the market during the forecast period.

 

Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In 2022, China held a larger market share. On the other side, and India is expected to register a higher CAGR during the forecast period.

 

AXIS COMMUNICATIONS AB; Cisco Systems, Inc.; Dahua Technology Co., Ltd.; IBM Corporation; Hangzhou Hikvision Digital Technology Co., Ltd.; SGS SA; Siemens AG; Teledyne FLIR LLC; Cubic Corporation; and SNC-Lavalin Group are the leading companies in the Asia Pacific traffic management market.

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        Asia Pacific Traffic Management Market – By Component

1.3.2        Asia Pacific Traffic Management Market – By Application

1.3.3        Asia Pacific Traffic Management Market- By Country

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           Asia Pacific Traffic Management Market Landscape

4.1         Market Overview

4.2         PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Asia Pacific Traffic Management Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Burgeoning Urbanization Leading to Congestion

5.1.2        Widening Investment in Infrastructure

5.2         Market Restraints

5.2.1        Expensive cost of implementation

5.3         Market Opportunities

5.3.1        Increasing Interest in Smart Cities and Roadways

5.4         Future Trends

5.4.1        Raising Application of AI and ML

5.5         Impact Analysis of Drivers and Restraints

6.           Asia Pacific Traffic Management Market Analysis

6.1         Asia Pacific Traffic Management Market Overview

6.2         Asia Pacific Traffic Management Market – Revenue and Forecast to 2028 (US$ Million)

7.           Asia Pacific Traffic Management Market Analysis – By Component

7.1         Overview

7.2         Asia Pacific Traffic Management Market Breakdown, By Component

7.3         Hardware

7.3.1        Overview

7.3.2        Hardware: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

7.3.2.1          Camera

7.3.2.1.1          Overview

7.3.2.1.2          Camera: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.3.2.2          Display Boards

7.3.2.2.1          Overview

7.3.2.2.2          Display Boards: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.3.2.3          Sensors

7.3.2.3.1          Overview

7.3.2.3.2          Sensors: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.4         Software

7.4.1        Overview

7.4.2        Software: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

7.4.2.1          Cloud

7.4.2.1.1          Overview

7.4.2.1.2          Cloud Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.4.2.2          On-Premise

7.4.2.2.1          Overview

7.4.2.2.2          On-Premise: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

7.5         Services

7.5.1        Overview

7.5.2        Services: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

8.           Asia Pacific Traffic Management Market Analysis – By Application

8.1         Overview

8.2         Asia Pacific Traffic Management Market Breakdown, By Application

8.3         Automatic Tolling

8.3.1        Overview

8.3.2        Automatic Tolling Market Revenue and Forecast to 2028 (US$ Million)

8.4         Lane Management

8.4.1        Overview

8.4.2        Lane Management Market Revenue and Forecast to 2028 (US$ Million)

8.5         Parking Management

8.5.1        Overview

8.5.2        Parking Management Market Revenue and Forecast to 2028 (US$ Million)

8.6         Surveillance

8.6.1        Overview

8.6.2        Surveillance Market Revenue and Forecast to 2028 (US$ Million)

8.7         Traffic Signal Management

8.7.1        Overview

8.7.2        Traffic Signal Management Market Revenue and Forecast to 2028 (US$ Million)

8.8         Others

8.8.1        Overview

8.8.2        Others Market Revenue and Forecast to 2028 (US$ Million)

9.           Asia Pacific Traffic Management Market – Country Analysis

9.1         Overview

9.1.1        Asia Pacific Traffic Management Market Breakdown, by Country

9.1.1.1          Australia Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          Australia Traffic Management Market Breakdown, By Component

9.1.1.1.1.1       Australia Traffic Management Market Breakdown, By Hardware

9.1.1.1.1.2       Australia Traffic Management Market Breakdown, By Software

9.1.1.1.2          Australia Traffic Management Market Breakdown, By Application

9.1.1.2          China Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          China Traffic Management Market Breakdown, By Component

9.1.1.2.1.1       China Traffic Management Market Breakdown, By Hardware

9.1.1.2.1.2       China Traffic Management Market Breakdown, By Software

9.1.1.2.2          China Traffic Management Market Breakdown, By Application

9.1.1.3          India Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          India Traffic Management Market Breakdown, By Component

9.1.1.3.1.1       India Traffic Management Market Breakdown, By Hardware

9.1.1.3.1.2       India Traffic Management Market Breakdown, By Software

9.1.1.3.2          India Traffic Management Market Breakdown, By Application

9.1.1.4          Japan Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          Japan Traffic Management Market Breakdown, By Component

9.1.1.4.1.1       Japan Traffic Management Market Breakdown, By Hardware

9.1.1.4.1.2       Japan Traffic Management Market Breakdown, By Software

9.1.1.4.2          Japan Traffic Management Market Breakdown, By Application

9.1.1.5          South Korea Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          South Korea Traffic Management Market Breakdown, By Component

9.1.1.5.1.1       South Korea Traffic Management Market Breakdown, By Hardware

9.1.1.5.1.2       South Korea Traffic Management Market Breakdown, By Software

9.1.1.5.2          South Korea Traffic Management Market Breakdown, By Application

9.1.1.6          Rest of Asia Pacific Traffic Management Market, Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of Asia Pacific Traffic Management Market Breakdown, By Component

9.1.1.6.1.1       Rest of Asia Pacific Traffic Management Market Breakdown, By Hardware

9.1.1.6.1.2       Rest of Asia Pacific Traffic Management Market Breakdown, By Software

9.1.1.6.2          Rest of Asia Pacific Traffic Management Market Breakdown, By Application

10.        Industry Landscape

10.1      Overview

10.2      Market Initiative

10.3      New Product Development

10.4      Merger and Acquisition

11.        Company Profiles

11.1      AXIS COMMUNICATIONS AB

11.1.1     Key Facts

11.1.2     Business Description

11.1.3     Products and Services

11.1.4     Financial Overview

11.1.5     SWOT Analysis

11.1.6     Key Developments

11.2      Cisco Systems, Inc.

11.2.1     Key Facts

11.2.2     Business Description

11.2.3     Products and Services

11.2.4     Financial Overview

11.2.5     SWOT Analysis

11.2.6     Key Developments

11.3      Cubic Corporation

11.3.1     Key Facts

11.3.2     Business Description

11.3.3     Products and Services

11.3.4     Financial Overview

11.3.5     SWOT Analysis

11.3.6     Key Developments

11.4      Dahua Technology Co., Ltd.

11.4.1     Key Facts

11.4.2     Business Description

11.4.3     Products and Services

11.4.4     Financial Overview

11.4.5     SWOT Analysis

11.4.6     Key Developments

11.5      IBM Corporation

11.5.1     Key Facts

11.5.2     Business Description

11.5.3     Products and Services

11.5.4     Financial Overview

11.5.5     SWOT Analysis

11.5.6     Key Developments

11.6      Hangzhou Hikvision Digital Technology Co., Ltd.

11.6.1     Key Facts

11.6.2     Business Description

11.6.3     Products and Services

11.6.4     Financial Overview

11.6.5     SWOT Analysis

11.6.6     Key Developments

11.7      SGS SA

11.7.1     Key Facts

11.7.2     Business Description

11.7.3     Products and Services

11.7.4     Financial Overview

11.7.5     SWOT Analysis

11.8      Siemens AG

11.8.1     Key Facts

11.8.2     Business Description

11.8.3     Products and Services

11.8.4     Financial Overview

11.8.5     SWOT Analysis

11.8.6     Key Developments

11.9      Teledyne FLIR LLC

11.9.1     Key Facts

11.9.2     Business Description

11.9.3     Products and Services

11.9.4     Financial Overview

11.9.5     SWOT Analysis

11.9.6     Key Developments

11.10   SNC-Lavalin Group

11.10.1  Key Facts

11.10.2  Business Description

11.10.3  Products and Services

11.10.4  Financial Overview

11.10.5  SWOT Analysis

11.10.6  Key Developments

12.        Appendix

12.1      About The Insight Partners

12.2      Word Index

 

 

 

LIST OF TABLES

Table 1.             Asia Pacific Traffic Management Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             Asia Pacific Traffic Management Market, by Country – Revenue and Forecast to 2028 (USD Million)

Table 3.             Australia Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 4.             Australia Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 5.             Australia Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 6.             Australia Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 7.             China Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 8.             China Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 9.             China Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million))

Table 10.          China Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 11.          India Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 12.          India Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 13.          India Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 14.          India Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 15.          Japan Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 16.          Japan Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 17.          Japan Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 18.          Japan Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 19.          South Korea Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 20.          South Korea Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 21.          South Korea Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 22.          South Korea Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 23.          Rest of Asia Pacific Traffic Management Market, by Component – Revenue and Forecast to 2028 (USD Million)

Table 24.          Rest of Asia Pacific Traffic Management Market, by Hardware – Revenue and Forecast to 2028 (USD Million)

Table 25.          Rest of Asia Pacific Traffic Management Market, by Software – Revenue and Forecast to 2028 (USD Million)

Table 26.          Rest of Asia Pacific Traffic Management Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 27.          List of Abbreviation

 

 

LIST OF FIGURES

Figure 1.           Asia Pacific Traffic Management Market Segmentation

Figure 2.           Asia Pacific Traffic Management Market Segmentation – By Country

Figure 3.           Asia Pacific Traffic Management Market Overview

Figure 4.           Hardware Segment held the Largest Share of Asia Pacific Traffic Management Market

Figure 5.           China to Show Great Traction During Forecast Period

Figure 6.           Asia Pacific: PEST Analysis

Figure 7.           Expert Opinion

Figure 8.           Asia Pacific Traffic Management Market Impact Analysis of Drivers and Restraints

Figure 9.           Asia Pacific Traffic Management Market – Revenue and Forecast to 2028 (US$ Million)

Figure 10.        Asia Pacific Traffic Management Market Breakdown, By Component, 2021 & 2028 (%)

Figure 11.        Hardware: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 12.        Camera: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Display Boards: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 14.        Sensors: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Software: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 16.        Cloud: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 17.        On-Premise: Traffic Management Market- Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Services: Traffic Management Market – Revenue, and Forecast to 2028 (US$ Million)

Figure 19.        Asia Pacific Traffic Management Market Breakdown, By Application, 2021 & 2028 (%)

Figure 20.        Automatic Tolling Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Lane Management Market Revenue and Forecast to 2028(US$ Million)

Figure 22.        Parking Management Market Revenue and Forecast to 2028(US$ Million)

Figure 23.        Surveillance Market Revenue and Forecast to 2028(US$ Million)

Figure 24.        Traffic Signal Management Market Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Others Market Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Geographic Overview of Asia Pacific Traffic Management Market

Figure 27.        Asia Pacific Traffic Management Market Breakdown, by Country, 2021 & 2028 (%)

Figure 28.        Australia Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 29.        China Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 30.        India Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 31.        Japan Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 32.        South Korea Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

Figure 33.        Rest of Asia Pacific Traffic Management Market, Revenue and Forecast To 2028 (US$ Million)

  1. AXIS COMMUNICATIONS AB             
  2. Cisco Systems, Inc.
  3. Dahua Technology Co., Ltd.
  4. IBM Corporation
  5. Hangzhou Hikvision Digital Technology Co., Ltd.
  6. SGS SA
  7. Siemens AG
  8. Teledyne FLIR LLC
  9. Cubic Corporation                         
  10. SNC-Lavalin Group                      
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