Real-time Traffic Information Systems Market
Real-time Traffic Information Systems Market Scope:
Industry Analysis, Market Size, Growth, Trends Till 2031
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Real-time Traffic Information Systems Market Size and Growth
The global Real-time Traffic Information Systems market is expected to reach $10.7 billion by 2025, with a CAGR of 8.7% during the forecast period. The market is driven by increasing urbanization, growing traffic congestion, and government initiatives to improve traffic management. Key players include TomTom, Google, and HERE Technologies.
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Companies Covered (Covid 19 Impact Covered)
◍ Nippon Signal
◍ Toshiba Electrical Power System
◍ Ricardo
◍ EFKON
◍ TOMtom International
◍ Iteris
◍ Lanner Electronics
◍ Siemens
◍ WS Atkins
◍ Kapsch Trafficcom
◍ Q-Free ASA
◍ Transcore
The Real-time Traffic Information Systems Market is highly competitive with key players like TOMtom International, Siemens, and Kapsch Trafficcom. These companies provide real-time traffic information solutions to improve traffic flow and enhance road safety. Nippon
Signal reported sales revenue of $1.2 billion, Toshiba Electrical Power System reported $850 million, and Ricardo reported $520 million in 2020.
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Market Segmentation
By Application
◍ Urban Traffic
◍ Inter-Urban
◍ Info-mobility
◍ Public Transport
◍ Freeway
◍ Others
By Product
◍ Software
◍ Hardware
◍ Services
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$ X Billion USD
Market Growth
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