UAE Intelligent Traffic Management System Market Size & Outlook
UAE intelligent traffic management system market, 2018-2030 (US$M)
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UAE intelligent traffic management system market highlights
- The UAE intelligent traffic management system market generated a revenue of USD 182.2 million in 2023 and is expected to reach USD 456.4 million by 2030.
- The UAE market is expected to grow at a CAGR of 14% 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 182.2 million |
| Market revenue in 2030 | USD 456.4 million |
| Growth rate | 14% (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, UAE 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 Middle East & Africa, Saudi Arabia intelligent traffic management system market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 505.9 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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UAE 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 68.11% in 2023. Horizon Databook has segmented the UAE intelligent traffic management system market based on solution, services covering the revenue growth of each sub-segment from 2018 to 2030.
The UAE is known for its highly advanced transportation infrastructure, breakthrough innovations, and significant investments in smart infrastructure, traffic management, and public transportation systems. For instance, in Dubai, the Roads and Transport Authority is instrumental in investing strategically to enhance public transportation systems.
The city is highly proactive in realizing its vision of smart mobility and autonomous driving, with plans to convert 25% of the entire transportation infrastructure to autonomous operations by 2030.
In May 2023, Google announced that it has been collaborating with the Abu Dhabi Department of Municipalities and Transport to increase the number of green lights using ML algorithms to help curb air pollution. Such strategic developments are expected to drive the growth of the intelligent traffic management system market in the UAE.
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Our clientele includes a mix of intelligent traffic management system market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UAE intelligent traffic management system market , including forecasts for subscribers. This country databook contains high-level insights into UAE intelligent traffic management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE intelligent traffic management system market size, by component, 2018-2030 (US$M)
UAE Intelligent Traffic Management System Market Outlook Share, 2023 & 2030 (US$M)
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