Japan Intelligent Traffic Management System Market Size & Outlook
Japan intelligent traffic management system market, 2018-2030 (US$M)
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Japan intelligent traffic management system market highlights
- The Japan intelligent traffic management system market generated a revenue of USD 327.6 million in 2023 and is expected to reach USD 943.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 16.3% 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 327.6 million |
| Market revenue in 2030 | USD 943.3 million |
| Growth rate | 16.3% (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, Japan accounted for 2.9% 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 Asia Pacific, China intelligent traffic management system market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 995.2 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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Japan 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 66.51% in 2023. Horizon Databook has segmented the Japan intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
Japan is known for its breakthrough innovations, efficient transportation systems, and technology integrations across the public infrastructure, traffic systems, and transportation systems, including advanced traffic management systems, real-time data analysis, and smart signaling.
New players and startups are trying aggressively to raise funds to expand their services. For instance, in June 2023, NoTraffic announced raising around USD 50 million in Series B funding. The company was looking forward to utilizing the funds to expand its footprint in Japan.
At the same time, key market players are striking strategic collaborations to develop new, innovative traffic monitoring systems. For instance, in May 2022, Nexco Central entered into a collaboration with NEC Corporation, which envisaged NEC Corporation developing and deploying an AI-based traffic monitoring system to help visualize location, and speed, among other parameters, generated from vehicle movement.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into Japan intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan intelligent traffic management system market size, by component, 2018-2030 (US$M)
Japan Intelligent Traffic Management System Market Outlook Share, 2023 & 2030 (US$M)
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