France Intelligent Traffic Management System Market Size & Outlook
France intelligent traffic management system market, 2018-2030 (US$M)
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France intelligent traffic management system market highlights
- The France intelligent traffic management system market generated a revenue of USD 346.7 million in 2023 and is expected to reach USD 758.6 million by 2030.
- The France market is expected to grow at a CAGR of 11.8% 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 346.7 million |
| Market revenue in 2030 | USD 758.6 million |
| Growth rate | 11.8% (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, France accounted for 3.1% 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 Europe, Germany intelligent traffic management system market is projected to lead the regional market in terms of revenue in 2030.
- Denmark is the fastest growing regional market in Europe and is projected to reach USD 861.0 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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France 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 67.26% in 2023. Horizon Databook has segmented the France intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
France is emphasizing the integration of advanced technologies into transportation infrastructure to enhance efficiency and reduce traffic-related problems. The integration of Internet of Things (IoT) devices and connected vehicles has also played a pivotal role in the growth of the ITMS market in France.
For instance, in November 2022, Kapsch TrafficCom entered into a contract with French highway concessionaire SAPN to deliver free-flow gantries, including hardware and software solutions.
This contract involves replacing the existing toll plaza with gantries to help in the detection, identification, and classification of vehicles with an automatic system for calculating and collecting the corresponding toll fee. Such initiatives are expected to drive the demand for Intelligent Traffic Management Systems in France.
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Horizon Databook provides a detailed overview of country-level data and insights on the France intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into France intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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France intelligent traffic management system market size, by component, 2018-2030 (US$M)
France Intelligent Traffic Management System Market Outlook Share, 2023 & 2030 (US$M)
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