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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.

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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.
    --  Cellint
    --  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

IV. COMPETITION

    --  Total Companies Profiled: 54

For more information about this report visit https://www.researchandmarkets.com/r/k0jflw

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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View original content:http://www.prnewswire.com/news-releases/global-traffic-information-services-industry-assessment-2020-2027-with-profiles-of-54-players-including-apple-garmin-google-tomtom-and-waze-301100225.html

SOURCE Research and Markets



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