Smart Traffic Management: Use Cases, Regional Analysis & Market Forecasts 2022-2027

• Market Dynamics: A strategic analysis of the major drivers, challenges, and innovations shaping the adoption and development of smart traffic management technologies, including the following:
  • Technological innovations that are enhancing the value of smart traffic management
  • Future strategic direction and market outlook for smart traffic management
  • Key issues cities and transportation agencies must address before implementing smart traffic management systems
• Regional Analysis: An analysis of the market status and factors driving or restricting growth, as well as providing detailed insight into the prospects for smart traffic management adoption across our 8 key regions, and 12 country-level markets. This covers the state of smart traffic management adoption, regulatory concerns and the future outlook for each market.
• Juniper Research Competitor Leaderboard: Key player capability and capacity assessment for 15 smart traffic management vendors:
  • Cleverciti
  • Commsignia
  • Cubic Corporation
  • Econolite
  • Efkon GmbH
  • Iteris
  • Kapsch TrafficCom
  • Miovision
  • Nedap
  • Q-Free
  • Rapid Flow Technologies
  • Sensys Networks
  • Smart Parking
  • Telegra
  • Verra Mobility
• Benchmark Industry Forecasts: Forecasts for smart traffic management, including total number of smart intersections, total annual spend on smart intersection hardware and software, total number of smart parking spaces, total annual spend on smart parking hardware and software, total annual spend on smart traffic management hardware and software, total congestion cost savings, total emissions cost savings. This includes sizing for markets up to 2027; split by our 8 key regions and by the 60 countries listed below:
  • Algeria
  • Argentina
  • Australia
  • Austria
  • Bangladesh
  • Belgium
  • Brazil
  • Canada
  • Chile
  • China
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Ecuador
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Kenya
  • Kuwait
  • Malaysia
  • Mexico
  • Nepal
  • Netherlands
  • New Zealand
  • Nigeria
  • Norway
  • Pakistan
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Qatar
  • Romania
  • Russia
  • Saudi Arabia
  • Singapore
  • South Africa
  • South Korea
  • Spain
  • Sweden
  • Switzerland
  • Thailand
  • Turkey
  • UK
  • Ukraine
  • United Arab Emirates
  • Uruguay
  • US
  • Vietnam

1. What are the biggest opportunities for smart traffic management vendors and suppliers?
2. What are the major factors driving the adoption of smart traffic management systems by cities?
3. What technologies are key to successfully deploying smart traffic management systems?
4. Who are the key vendors and players in the smart traffic management space?
5. What is the future outlook for the smart traffic management space?

Included in the Juniper Research Competitor Leaderboard: Cleverciti, Commsignia, Cubic Corporation, Econolite, Efkon GmbH, Iteris, Kapsch TrafficCom, Miovision, Nedap, Q-Free, Rapid Flow, Sensys Networks, Smart Parking, Telegra, Verra Mobility.
 
Mentioned: 5GAA, ADPS (Alliance for Parking Data Standards), American Public Works Association, ASCN (Asean-Japan Smart City Network), Audi, Australian Securities Exchange, AutoPAss, Autotalks, BAM infra Verkeerstechniek, Bosch, California State Association of Counties, CAM Testbed , Cardiff Council, Carnegie Mellon University, CCSA, CEN, China Mobile, China Telecom, China Unicom, Cisco, City of Adelaide, City of Beverly Hills, City of Manhattan Beach, City of Pasadena, City of Pittsburgh, City of Vienna, City of Westminster, Commsignia, C-Roads Hungary, CT Group, CVEDIA, EnBW Venture, Ertico, Escrypt, Etisalat, ETSI, FAAC, Florida Department of Transportation, Ford, Google, GSMA, Harman, IEEE, IMT-2020, Incinity, IPSCD (Imagine Panaji Smart City Development Ltd), ISO, ITE International, ITIF (Information Technology and Innovation Foundation), ITS America, Kane County Department of Transportation, Karma Ventures, KFW, Korea Telecom, LG Electronics, Louisiana Highway, McCain, McRock Capital, Metric Engineering, MH Corbin, National Science Foundation, Natural Resources Canada, Nokia, NXP, OMNIAIR Consortium, Parsons, Peripass, Phaenon, Phoenix Pacific Inc, Qualcomm, Quectel, Rheinenergie, Samsung, San Bernardino County Transportation Authority, Savari, Siemens , Southwest Traffic Committed to Excellence, SPDG Ventures, Spirent, ST&D Apeldoorn B.V., Stinson, STRABAG, Streetline, Syngenta, TAPCO, Technolution, Telekom, Telus Ventures, The Westly Group, Traffop, Transport for London, TRL, Turkey’s Transport and Infrastructure Minister, Tyco-CEM Systems, UK Prosperity Fund, Uplus, US Department of Transportation, Vegamot AS, Via Verde, Virinia Tech Transportation institute, Vodafone, Wejo, West Virginia Division of Highways, WMATA, Wyndham City, Zenzic.
 
 
 
 

Juniper Research’s Smart Traffic Management forecast suite includes:

• Metrics including smart traffic management forecasts, including total number of smart intersections, total annual spend on smart intersection hardware and software, total number of smart parking spaces, total annual spend on smart parking hardware and software, total annual spend on smart traffic management hardware and software, total congestion cost savings, total emissions’ cost savings.
• Interactive Scenario tool allowing users to manipulate Juniper Research’s data for four different metrics.
• Access to the full set of forecast data of 61 tables and 27,800 datapoints.

Geographical splits: 60 countries

Harvest: Our online data platform, harvest, contains the very latest market data and is updated throughout the year. This is a fully featured platform enabling clients to better understand key data trends and manipulate charts and tables, overlaying different forecasts within the one chart - using the comparison tool. Empower your business with our market intelligence centre, and get alerted whenever your data is updated.

Interactive Excels (IFxl): Our IFxl tool enables clients to manipulate both forecast data and charts, within an Excel environment, to test their own assumptions using the Interactive Scenario Tool and compare selected markets side by side in customised charts and tables. IFxls greatly increase a clients’ ability to both understand a particular market and to integrate their own views into the model.

The global saving in CO2 emissions from smart traffic management system deployment will be 205 MMT (Million Metric Tons) by 2027 – a growth of 41%, up from just 145.7 MMT in 2022. This significant saving will be equal to almost two times the CO2 emissions arising from UK domestic transport in 2019. Reducing congestion through optimised traffic control will be the main influencing factors. Smart traffic management uses digital technologies to manage traffic, based on real-time data to reduce congestion, and minimise emissions.

• The forecast identifies the environmental benefits from smart traffic management systems as being highly compelling; including significant reductions in congestion, and prioritising greener transport modes. The report identified smart intersections as driving reductions, with hours of time spent in traffic set to decrease by 36 hours on average per annum per motorist globally by 2027.
• Investment into smart intersections will reach $10.2 billion by 2027; rising from $5.7 billion in 2022. The rersearch anticipates that smart intersection vendors will focus on improving connectivity between road vehicles and the local road network ecosystem, mirroring government smart city initiatives. Vendors must leverage the low-latency capabilities of 5G, combined with machine learning algorithms, to enable network adjustments to be made in real-time and improve traffic flow.
• Cybersecurity must be considered during the implementation phase of smart traffic systems to maximise public support; negating concerns about data collection and storage. Smart traffic management systems must be viewed as a high-priority use case for cybersecurity implementation, as user data is transmitted at every stage of the process. Given the potential for cyberattacks to disrupt infrastructure through denial of service, robust cybersecurity strategies are essential to prevent threats on the integrity of the road infrastructure.