Brazil Intelligent Traffic Management System Market Size & Outlook
Brazil intelligent traffic management system market, 2018-2030 (US$M)
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Brazil intelligent traffic management system market highlights
- The Brazil intelligent traffic management system market generated a revenue of USD 229.4 million in 2023 and is expected to reach USD 674.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 16.7% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Intelligent traffic management system market data book summary
| Market revenue in 2023 | USD 229.4 million |
| Market revenue in 2030 | USD 674.5 million |
| Growth rate | 16.7% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| 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, Brazil accounted for 2.0% of the global intelligent traffic management system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil intelligent traffic management system market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 674.5 million by 2030.
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Intelligent Traffic Management System Market Scope
Intelligent Traffic Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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.
Solution was the largest segment with a revenue share of 66.17% in 2023. Horizon Databook has segmented the Brazil intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Transportation and infrastructure play a vital role in the Brazilian economy. The country is home to a booming automobile industry and the second-highest number of airports in the region.
The Brazilian government has been pursuing various public-private partnerships to strengthen the country’s transportation system and build a modern infrastructure addressing the growing challenges associated with traffic congestion, growing vehicular emissions, rising number of road accidents, and aging public transportation infrastructure.
For instance, in March 2022, the Sao Paulo State Metropolitan Department increased the capital expenditure allocated to build and operate passenger rail projects in a public-private partnership from USD 1.50 billion to USD 1.80 billion. Such initiatives are expected to boost the growth of the Brazilian intelligent traffic management system market.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into Brazil intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil intelligent traffic management system market size, by component, 2018-2030 (US$M)
Brazil Intelligent Traffic Management System Market Outlook Share, 2023 & 2030 (US$M)
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