Global Traffic Information Services Industry Assessment 2020-2027 with Profiles of 54 Players Including Apple, Garmin, Google, TomTom and Waze
Tuesday, August 4, 2020
DUBLIN, July 27, 2020 /PRNewswire/ -- The "Traffic Information Services - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to this 17th edition of the report. The 150-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Traffic Information Services Market to Reach US$15.2 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Traffic Information Services estimated at US$6.1 Billion in the year 2020, is projected to reach a revised size of US$15.2 Billion by 2027, growing at a CAGR of 14% over the period 2020-2027.
The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 18.2% CAGR for the Period of 2020-2027
The Traffic Information Services market in the U.S. is estimated at US$1.6 Billion in the year 2020. The country currently accounts for a 26.96% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.4 Billion in the year 2027 trailing a CAGR of 18.2% through 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.9% and 12.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR while Rest of European market (as defined in the study) will reach US$3.4 Billion by the year 2027.
Competitors identified in this market include, among others:
-- Airsage Inc.
-- Alibaba Group Holding Limited
-- Apple Inc.
-- Beijing Lingtu Software Technology Co. Ltd.
-- Cubic Corporation
-- Garmin International 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
Key Topics Covered
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
-- Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
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
III. MARKET ANALYSIS
-- Total Companies Profiled: 54
For more information about this report visit https://www.researchandmarkets.com/r/k0jflw
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Research and Markets
Laura Wood, Senior Manager
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