Dublin, July 24, 2020 (GLOBE NEWSWIRE) -- 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.
- 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/31xm28
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