North America Intelligent Traffic Management System Market Size & Outlook
North America intelligent traffic management system market, 2018-2030 (US$M)
Related Markets
North America intelligent traffic management system market highlights
- The North America intelligent traffic management system market generated a revenue of USD 4,795.6 million in 2024.
- The market is expected to grow at a CAGR of 13.8% from 2025 to 2030.
- In terms of segment, traffic monitoring system was the largest revenue generating solution in 2024.
- Intelligent Driver Information System is the most lucrative solution segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 4,795.6 million |
| Market revenue in 2030 | USD 10,017.5 million |
| Growth rate | 13.8% (CAGR from 2025 to 2030) |
| Largest segment | Traffic monitoring system |
| Fastest growing segment | Intelligent Driver Information System |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Traffic Monitoring System, Traffic Signal Control System, Traffic Enforcement Camera, Integrated Corridor Management, Intelligent Driver Information System, Other |
| Key market players worldwide | Thales, International Business Machines Corp, Portland General Electric Co, Siemens AG, TomTom NV, Q-Free ASA Ordinary Shares, Transcore, Cubic Corporation, Atkins, Kapsch Group |
Other key industry trends
- In terms of revenue, North America region accounted for 38.7% of the global intelligent traffic management system market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,461.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Intelligent Traffic Management System Market Scope
Intelligent Traffic Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America intelligent traffic management system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to intelligent traffic management system market will help companies and investors design strategic landscapes.
Traffic monitoring system was the largest segment with a revenue share of 23.48% in 2024. Horizon Databook has segmented the North America intelligent traffic management system market based on traffic monitoring system, traffic signal control system, traffic enforcement camera, integrated corridor management, intelligent driver information system, other covering the revenue growth of each sub-segment from 2018 to 2030.
The North American market held a majority market share in 2022. The market growth can be attributed to the growing focus of the U.S. and Canadian governments on improving the overall transportation infrastructure to help reduce accidents and congestion on highways and cities.
For instance, in June 2022, the Federal Railroad Administration unveiled a grant program called Consolidated Rail Infrastructure and Safety Improvements worth USD 368 million. The program envisioned financing 46 projects across 32 states and the District of Columbia, thus modernizing the rail infrastructure and bolstering the supply chains of Columbia.
It also aimed to alleviate congestion and establish cost effective transit options within the region. Moreover, the high penetration of advanced technologies such as big data, machine learning, IoT, and cloud computing has resulted in the effective implementation of ITMS in the transportation sector across North America.
Reasons to subscribe to North America intelligent traffic management system market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of North America intelligent traffic management system market databook
-
Our clientele includes a mix of intelligent traffic management system market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America intelligent traffic management system market , including forecasts for subscribers. This continent databook contains high-level insights into North America intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
North America intelligent traffic management system market size, by country, 2018-2030 (US$M)
North America Intelligent Traffic Management System Market Outlook Share, 2024 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
