Germany Intelligent Traffic Management System Market Size & Outlook
Germany intelligent traffic management system market, 2018-2030 (US$M)
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Germany intelligent traffic management system market highlights
- The Germany intelligent traffic management system market generated a revenue of USD 559.5 million in 2023 and is expected to reach USD 1,126.8 million by 2030.
- The Germany market is expected to grow at a CAGR of 10.5% 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 559.5 million |
| Market revenue in 2030 | USD 1,126.8 million |
| Growth rate | 10.5% (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, Germany accounted for 4.9% 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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Germany 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 66.58% in 2023. Horizon Databook has segmented the Germany intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for intelligent transportation and traffic management in Germany can be attributed to the rising traffic congestion, road safety concerns, and growing pollution. Furthermore, the growing urban population is placing additional pressure on the existing system and infrastructure.
The robust infrastructure and industrial base for automobile industries are creating new growth opportunities for intelligent traffic management systems in Germany. Similarly, the increase in the number of new vehicle registrations over the years has brought growth opportunities to the intelligent traffic management system market in the country.
For instance, according to the Statistisches Bundesamt (Destatis), in the beginning of FY2023, the total registrations for motor vehicles stood at 60.1 million. The increasing number of vehicles is expected to lead to traffic issues in the region, in turn supporting market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into Germany intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany intelligent traffic management system market size, by component, 2018-2030 (US$M)
Germany Intelligent Traffic Management System Market Outlook Share, 2023 & 2030 (US$M)
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