Mexico Intelligent Traffic Management System Market Size & Outlook
Mexico intelligent traffic management system market, 2018-2030 (US$M)
Related Markets
Mexico intelligent traffic management system market highlights
- The Mexico intelligent traffic management system market generated a revenue of USD 179.2 million in 2023 and is expected to reach USD 514.5 million by 2030.
- The Mexico 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 179.2 million |
| Market revenue in 2030 | USD 514.5 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, Mexico accounted for 1.6% 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 |
|---|
Mexico 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 64.06% in 2024. Horizon Databook has segmented the Mexico intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
- Mexico Intelligent Traffic Management System Solution Outlook (Revenue, USD Million, 2018-2030)
- Traffic Monitoring System
- Traffic Signal Control System
- Traffic Enforcement Camera
- Integrated Corridor Management
- Intelligent Driver Information System
- Other
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into Mexico intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico Intelligent Traffic Management System Market Outlook Share, 2024 & 2030 (US$M)
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