NEW YORK, April 20, 2020 /PRNewswire/ --
Traffic Information Services market worldwide is projected to grow by US$8.8 Billion, driven by a compounded growth of 15.1%. Traffic Information Services, one of the segments analyzed and sized in this study, displays the potential to grow at over 15.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$14 Billion by the year 2025, Traffic Information Services will bring in healthy gains adding significant momentum to global growth.
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- Representing the developed world, the United States will maintain a 13.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$342 Million to the region's size and clout in the next 5 to 6 years. Over US$284.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Traffic Information Services will reach a market size of US$752.6 Million by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 19.3% over the next couple of years and add approximately US$2.2 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
- Competitors identified in this market include, among others,
- Airsage Inc.
- Alibaba Group Holding Limited
- Apple Inc.
- Beijing Lingtu Software Technology Co. Ltd.
- Cellint
- Cubic Corporation
- Garmin International Inc.
- Global Traffic Network Inc.
- Google Inc.
- HERE Global B.V.
- Infoblu S.p.A.
- INRIX Inc.
- Kapsch TrafficCom AG
- LG CNS
- NavInfo Co. Ltd.
- Q-Free ASA
- Sirius XM Holdings Inc.
- TomTom International B.V.
- TrafficCast International Inc.
- Waze Mobile
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Traffic Information Services (TIS): An Introductory Prelude
Recent Market Activity
Alarming Increase in Traffic Congestion Levels Creates Fertile
Environment for TIS
Key Benefits Offered Augment Market Prospects
Improved Traffic Flow
Reduced Travel Time & Superior Fuel Mileage
Decreased Vehicular Pollution
Enhanced Road Safety
Developed Regions - The Key Markets
Developing Regions to Turbo Charge Future Growth
Positive Economic Scenario to Extend Growth Opportunities
Global Market Outlook
Global Competitor Market Shares
Traffic Information Services Competitor Market Share Scenario
Worldwide (in %): 2020 & 2029
2. FOCUS ON SELECT PLAYERS
Airsage, Inc.
Alibaba Group Holding Limited
Apple Inc.
Beijing Lingtu Software Technology Co., Ltd.
Cellint
Cubic Corporation
Garmin International, Inc.
Google Inc.
Waze Mobile
Global Traffic Network Inc.
HERE Global B.V.
Infoblu S.p.A.
INRIX, Inc.
Kapsch TrafficCom AG
LG CNS
NavInfo Co. Ltd.
Q-Free ASA
Sirius XM Holdings Inc.
TomTom International B.V.
TrafficCast International, Inc.
3. MARKET TRENDS & DRIVERS
RDS-TMC Broadcasting: The Conventional TIS Platform
GPS Navigation Spawns Incredible Demand for TIS
Ubiquity of Internet Builds Momentum for Massive Growth
Smartphone Enhances Addressable Market for TIS
4G Networks Boost Smartphone?s Role in TIS
Big Data Seeks Role in TIS Domain
Emphasis on Connected Car Widens Audience Base for TIS
Traffic Updates Become Core Feature in On-Board Navigation Systems
Uptrend in Automotive Sales Bodes Well
TIS Gains Immense Popularity Among Urban Motorists
Road Carriers Leverage TIS for Improved Trucking Operations
Expanding Role of Telematics in Fleet Management Augurs Well
TIS: A Handy Tool for Cab Operators
?Smart City? Extends Robust Opportunities
Potential Opportunities in New & Upcoming Road Infrastructure
Programs
Diverse Functionality Improves Proficiency of TIS
Expanding Role of Location-Based Intelligence Augments Market
Prospects
Effectiveness of Data Collection Enhances Accuracy & Appeal of TIS
Intrusive Technologies Extend Proficiency in Traffic Measurement
Non-Intrusive Methods Gain Wider Traction in Traffic Data
Collection
Crowd Sourcing Emerges as Viable Tool
Growing Importance of Intelligent Transport Systems to Drive
Growth
4. GLOBAL MARKET PERSPECTIVE
Table 1: Traffic Information Services Global Market Estimates
and Forecasts in US$ Million by Region/Country: 2018-2025
Table 2: Traffic Information Services Global Retrospective
Market Scenario in US$ Million by Region/Country: 2009-2017
Table 3: Traffic Information Services Market Share Shift across
Key Geographies Worldwide: 2009 VS 2019 VS 2025
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
Table 4: United States Traffic Information Services Market
Estimates and Projections in US$ Million: 2018 to 2025
Table 5: Traffic Information Services Market in the United
States: A Historic Review in US$ Million for 2009-2017
CANADA
Table 6: Canadian Traffic Information Services Market Estimates
and Forecasts in US$ Million: 2018 to 2025
Table 7: Canadian Traffic Information Services Historic Market
Review in US$ Million: 2009-2017
JAPAN
Table 8: Japanese Market for Traffic Information Services:
Annual Sales Estimates and Projections in US$ Million for the
Period 2018-2025
Table 9: Traffic Information Services Market in Japan: Historic
Sales Analysis in US$ Million for the Period 2009-2017
CHINA
Table 10: Chinese Traffic Information Services Market Growth
Prospects in US$ Million for the Period 2018-2025
Table 11: Traffic Information Services Historic Market Analysis
in China in US$ Million: 2009-2017
EUROPE
Market Facts & Figures
Table 12: European Traffic Information Services Market Demand
Scenario in US$ Million by Region/Country: 2018-2025
Table 13: Traffic Information Services Market in Europe: A
Historic Market Perspective in US$ Million by Region/Country
for the Period 2009-2017
Table 14: European Traffic Information Services Market Share
Shift by Region/Country: 2009 VS 2019 VS 2025
FRANCE
Table 15: Traffic Information Services Market in France:
Estimates and Projections in US$ Million for the Period
2018-2025
Table 16: French Traffic Information Services Historic Market
Scenario in US$ Million: 2009-2017
GERMANY
Table 17: Traffic Information Services Market in Germany:
Recent Past, Current and Future Analysis in US$ Million for the
Period 2018-2025
Table 18: German Traffic Information Services Historic Market
Analysis in US$ Million: 2009-2017
ITALY
Table 19: Italian Traffic Information Services Market Growth
Prospects in US$ Million for the Period 2018-2025
Table 20: Traffic Information Services Historic Market Analysis
in Italy in US$ Million: 2009-2017
UNITED KINGDOM
Table 21: United Kingdom Market for Traffic Information
Services: Annual Sales Estimates and Projections in US$ Million
for the Period 2018-2025
Table 22: Traffic Information Services Market in the United
Kingdom: Historic Sales Analysis in US$ Million for the Period
2009-2017
SPAIN
Table 23: Spanish Traffic Information Services Market Estimates
and Forecasts in US$ Million: 2018 to 2025
Table 24: Spanish Traffic Information Services Historic Market
Review in US$ Million: 2009-2017
RUSSIA
Table 25: Russian Traffic Information Services Market Estimates
and Projections in US$ Million: 2018 to 2025
Table 26: Traffic Information Services Market in Russia: A
Historic Review in US$ Million for 2009-2017
REST OF EUROPE
Table 27: Rest of Europe Traffic Information Services Market
Estimates and Forecasts in US$ Million: 2018-2025
Table 28: Traffic Information Services Market in Rest of Europe
in US$ Million: A Historic Review for the Period 2009-2017
ASIA-PACIFIC
Table 29: Asia-Pacific Traffic Information Services Market
Estimates and Forecasts in US$ Million by Region/Country:
2018-2025
Table 30: Traffic Information Services Market in Asia-Pacific:
Historic Market Analysis in US$ Million by Region/Country for
the Period 2009-2017
Table 31: Asia-Pacific Traffic Information Services Market
Share Analysis by Region/Country: 2009 VS 2019 VS 2025
AUSTRALIA
Table 32: Traffic Information Services Market in Australia:
Recent Past, Current and Future Analysis in US$ Million for the
Period 2018-2025
Table 33: Australian Traffic Information Services Historic
Market Analysis in US$ Million: 2009-2017
INDIA
Table 34: Indian Traffic Information Services Market Estimates
and Forecasts in US$ Million: 2018 to 2025
Table 35: Indian Traffic Information Services Historic Market
Review in US$ Million: 2009-2017
SOUTH KOREA
Table 36: Traffic Information Services Market in South Korea:
Recent Past, Current and Future Analysis in US$ Million for the
Period 2018-2025
Table 37: South Korean Traffic Information Services Historic
Market Analysis in US$ Million: 2009-2017
REST OF ASIA-PACIFIC
Table 38: Rest of Asia-Pacific Market for Traffic Information
Services: Annual Sales Estimates and Projections in US$ Million
for the Period 2018-2025
Table 39: Traffic Information Services Market in Rest of
Asia-Pacific: Historic Sales Analysis in US$ Million for the
Period 2009-2017
LATIN AMERICA
Table 40: Latin American Traffic Information Services Market
Trends by Region/Country in US$ Million: 2018-2025
Table 41: Traffic Information Services Market in Latin America
in US$ Million by Region/Country: A Historic Perspective for
the Period 2009-2017
Table 42: Latin American Traffic Information Services Market
Percentage Breakdown of Sales by Region/Country: 2009, 2019,
and 2025
ARGENTINA
Table 43: Argentinean Traffic Information Services Market
Estimates and Forecasts in US$ Million: 2018-2025
Table 44: Traffic Information Services Market in Argentina in
US$ Million: A Historic Review for the Period 2009-2017
BRAZIL
Table 45: Traffic Information Services Market in Brazil:
Estimates and Projections in US$ Million for the Period
2018-2025
Table 46: Brazilian Traffic Information Services Historic
Market Scenario in US$ Million: 2009-2017
MEXICO
Table 47: Traffic Information Services Market in Mexico: Recent
Past, Current and Future Analysis in US$ Million for the Period
2018-2025
Table 48: Mexican Traffic Information Services Historic Market
Analysis in US$ Million: 2009-2017
REST OF LATIN AMERICA
Table 49: Rest of Latin America Traffic Information Services
Market Estimates and Projections in US$ Million: 2018 to 2025
Table 50: Traffic Information Services Market in Rest of Latin
America: A Historic Review in US$ Million for 2009-2017
MIDDLE EAST
Table 51: The Middle East Traffic Information Services Market
Estimates and Forecasts in US$ Million by Region/Country:
2018-2025
Table 52: Traffic Information Services Market in the Middle
East by Region/Country in US$ Million: 2009-2017
Table 53: The Middle East Traffic Information Services Market
Share Breakdown by Region/Country: 2009, 2019, and 2025
IRAN
Table 54: Iranian Market for Traffic Information Services:
Annual Sales Estimates and Projections in US$ Million for the
Period 2018-2025
Table 55: Traffic Information Services Market in Iran: Historic
Sales Analysis in US$ Million for the Period 2009-2017
ISRAEL
Table 56: Israeli Traffic Information Services Market Estimates
and Forecasts in US$ Million: 2018-2025
Table 57: Traffic Information Services Market in Israel in US$
Million: A Historic Review for the Period 2009-2017
SAUDI ARABIA
Table 58: Saudi Arabian Traffic Information Services Market
Growth Prospects in US$ Million for the Period 2018-2025
Table 59: Traffic Information Services Historic Market Analysis
in Saudi Arabia in US$ Million: 2009-2017
UNITED ARAB EMIRATES
Table 60: Traffic Information Services Market in the United
Arab Emirates: Recent Past, Current and Future Analysis in US$
Million for the Period 2018-2025
Table 61: United Arab Emirates Traffic Information Services
Historic Market Analysis in US$ Million: 2009-2017
REST OF MIDDLE EAST
Table 62: Traffic Information Services Market in Rest of Middle
East: Recent Past, Current and Future Analysis in US$ Million
for the Period 2018-2025
Table 63: Rest of Middle East Traffic Information Services
Historic Market Analysis in US$ Million: 2009-2017
AFRICA
Table 64: African Traffic Information Services Market Estimates
and Projections in US$ Million: 2018 to 2025
Table 65: Traffic Information Services Market in Africa:
A Historic Review in US$ Million for 2009-2017
IV. COMPETITION
Total Companies Profiled: 54
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