Traffic Management Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)
Traffic Management Market 2018 Traffic Management Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 Traffic management refers to one of the significant branch within logistics. It comprises of services such as controlling and purchasing of transport services, planning and reducing traffic density. The factors driving traffic management market includes growth in airline traffic control volume. The market is currently in its growth stage due to inventions and development of new traffic management system which is replacing the outdated technology is contributing to the market growth. The traffic management software segment is contributing largest market share. Due to development of advance software in traffic management market that helps in minimizing the air traffic volume, transport needs and increased traffic this problem occurs mainly due to increased population in city, growing traffic and urbanization. The rise of this problems is mainly due to growing population in city and urbanization. The deployment and integration service sector is expected to account for highest CAGR. With development in internet and communication industry, the traffic management system is able to reduce congestion, harmful emission and accidents..
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Traffic Management Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Traffic Management Market Research Report - Global Forecast 2023” The primary goal for the Traffic Management Market is to increase both safety and situational awareness for aircraft pilots. The increasing need for synthetic vision, advanced navigation display type, and overall improved situational awareness for aircraft will enable the aircraft manufacturers to adopt advanced avionics. The factors that are responsible for the growth of the global Traffic Management Market are lightweight display system with more functionalities and better accuracy, enhanced safety, situational awareness, and efficiency, and automation of flight controls. Other key drivers expected to contribute towards the growth of the global Traffic Management Market are the increasing defense budgets of developing countries.
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Traffic Management Market 2018 Segmentation: The segmentation of traffic management system is done on the basis of software these include smart signaling, route guidance, traffic analytics and smart surveillance. Route guidance system offers infrared transmitters and receivers that are located at intersections of the main road network conveying route references direction to specially equipped vehicles. It assist users by offering them smart and convenient maps. Map database are updated frequently as compared to traditional softwares. It offers valuable services to commercial drivers on unfamiliar routes by avoiding obstacles such as narrow roads, weight limited bridges and low bridges. The traffic management market is expected to grow at approximately USD 65 Billion by 2023, at 20% of CAGR between 2017 and 2023.
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Traffic Management Market 2018 Application & Major Players in this Research: Traffic Management Market Prominent Players:
Accenture PLC (Ireland), Atkins Group (U.K.), Cellint (Israel), Cisco Systems, Inc. (U.S.), Citilog (France), Cubic Corporation (U.S.), EFKON AG (Austria), Esri (California, U.S.), FLIR Systems, Inc. (U.S.),. Request a Sample Report @ https:// . www.marketresearchfuture.com/sample_request/3199
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Traffic Management Market 2018 Traffic Management Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The regional analysis of traffic management market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. Europe region accounts for largest share in traffic management market owing to adopting of smart traffic management software. There is an increased adoption of software such as smart signaling and route guidance for better management of traffic. Asia-Pacific region is also expected as a fastest growing market due to increased traffic congestion and regulatory measures to minimize traffic congestion along with better traffic control measurement.
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