Watch Demo

Global Traffic Information Services Industry

Global Traffic Information Services Industry

  • Publish Date:March 2023

  • Number of Pages:279

  • Report ID:4951662

  • Format:PDF

  • Publisher:Global Industry Analysts

$ 5450

Summary

The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet. Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Global Traffic Information Services Market to Reach $37.1 Billion by 2030

In the changed post COVID-19 business landscape, the global market for Traffic Information Services estimated at US$10.6 Billion in the year 2022, is projected to reach a revised size of US$37.1 Billion by 2030, growing at a CAGR of 17% over the period 2022-2030.

The U.S. Market is Estimated at $2.9 Billion, While China is Forecast to Grow at 23% CAGR

The Traffic Information Services market in the U.S. is estimated at US$2.9 Billion in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of US$9.4 Billion by the year 2030 trailing a CAGR of 23% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11% and 14.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.

Select Competitors (Total 54 Featured)
- 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

Table of contents

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
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
Traffic Information Services - Global Key Competitors
Percentage Market Share in 2022 (E)
Impact of Covid-19 and a Looming Global Recession
Competitive Market Presence - Strong/Active/Niche/Trivial for
Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS
Airsage, Inc. (USA)
Alibaba Group Holding Limited (China)
Apple Inc. (USA)
Beijing Lingtu Software Technology Co., Ltd. (China)
Cellint (Israel)
Cubic Corporation (USA)
Garmin International, Inc. (USA)
Google Inc. (USA)
Waze Mobile (Israel)
Global Traffic Network Inc. (Australia)
HERE Global B.V. (Netherlands)
Infoblu S.p.A. (Italy)
INRIX, Inc. (USA)
Kapsch TrafficCom AG (Austria)
LG CNS (South Korea)
NavInfo Co. Ltd. (China)
Q-Free ASA (Norway)
Sirius XM Holdings Inc. (USA)
TomTom International B.V. (The Netherlands)
TrafficCast International, Inc. (USA)

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: World Recent Past, Current & Future Analysis for
Traffic Information Services by Geographic Region - USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa Markets - Independent Analysis of Annual
Sales in US$ Million for Years 2022 through 2030 and % CAGR

Table 2: World Historic Review for Traffic Information Services
by Geographic Region - USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

Table 3: World 16-Year Perspective for Traffic Information
Services by Geographic Region - Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2014,
2023 & 2030

Table 4: World Traffic Information Services Market Analysis of
Annual Sales in US$ Million for Years 2014 through 2030

III. MARKET ANALYSIS

UNITED STATES
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in the United States for 2023
(E)
Table 5: USA Recent Past, Current & Future Analysis for Traffic
Information Services by Segment - Traffic Information Services -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR

Table 6: USA Historic Review for Traffic Information Services
by Segment - Traffic Information Services Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR

CANADA
Table 7: Canada Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 8: Canada Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

JAPAN
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Japan for 2023 (E)
Table 9: Japan Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 10: Japan Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

CHINA
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in China for 2023 (E)
Table 11: China Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 12: China Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

EUROPE
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Europe for 2023 (E)
Table 13: Europe Recent Past, Current & Future Analysis for
Traffic Information Services by Geographic Region - France,
Germany, Italy, UK, Spain, Russia and Rest of Europe Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR

Table 14: Europe Historic Review for Traffic Information
Services by Geographic Region - France, Germany, Italy, UK,
Spain, Russia and Rest of Europe Markets - Independent Analysis
of Annual Sales in US$ Million for Years 2014 through 2021 and
% CAGR

Table 15: Europe 16-Year Perspective for Traffic Information
Services by Geographic Region - Percentage Breakdown of Value
Sales for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2014, 2023 & 2030

FRANCE
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in France for 2023 (E)
Table 16: France Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 17: France Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

GERMANY
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Germany for 2023 (E)
Table 18: Germany Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 19: Germany Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

ITALY
Table 20: Italy Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 21: Italy Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

UNITED KINGDOM
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in the United Kingdom for 2023
(E)
Table 22: UK Recent Past, Current & Future Analysis for Traffic
Information Services by Segment - Traffic Information Services -
Independent Analysis of Annual Sales in US$ Million for the
Years 2022 through 2030 and % CAGR

Table 23: UK Historic Review for Traffic Information Services
by Segment - Traffic Information Services Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR

SPAIN
Table 24: Spain Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 25: Spain Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

RUSSIA
Table 26: Russia Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 27: Russia Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

REST OF EUROPE
Table 28: Rest of Europe Recent Past, Current & Future Analysis
for Traffic Information Services by Segment - Traffic
Information Services - Independent Analysis of Annual Sales in
US$ Million for the Years 2022 through 2030 and % CAGR

Table 29: Rest of Europe Historic Review for Traffic
Information Services by Segment - Traffic Information Services
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR

ASIA-PACIFIC
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
Table 30: Asia-Pacific Recent Past, Current & Future Analysis
for Traffic Information Services by Geographic Region -
Australia, India, South Korea and Rest of Asia-Pacific Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR

Table 31: Asia-Pacific Historic Review for Traffic Information
Services by Geographic Region - Australia, India, South Korea
and Rest of Asia-Pacific Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2014 through 2021 and %
CAGR

Table 32: Asia-Pacific 16-Year Perspective for Traffic
Information Services by Geographic Region - Percentage
Breakdown of Value Sales for Australia, India, South Korea and
Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030

AUSTRALIA
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Australia for 2023 (E)
Table 33: Australia Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 34: Australia Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

INDIA
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in India for 2023 (E)
Table 35: India Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 36: India Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

SOUTH KOREA
Table 37: South Korea Recent Past, Current & Future Analysis
for Traffic Information Services by Segment - Traffic
Information Services - Independent Analysis of Annual Sales in
US$ Million for the Years 2022 through 2030 and % CAGR

Table 38: South Korea Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

REST OF ASIA-PACIFIC
Table 39: Rest of Asia-Pacific Recent Past, Current & Future
Analysis for Traffic Information Services by Segment - Traffic
Information Services - Independent Analysis of Annual Sales in
US$ Million for the Years 2022 through 2030 and % CAGR

Table 40: Rest of Asia-Pacific Historic Review for Traffic
Information Services by Segment - Traffic Information Services
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR

LATIN AMERICA
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Latin America for 2023 (E)
Table 41: Latin America Recent Past, Current & Future Analysis
for Traffic Information Services by Geographic Region -
Argentina, Brazil, Mexico and Rest of Latin America Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR

Table 42: Latin America Historic Review for Traffic Information
Services by Geographic Region - Argentina, Brazil, Mexico and
Rest of Latin America Markets - Independent Analysis of Annual
Sales in US$ Million for Years 2014 through 2021 and % CAGR

Table 43: Latin America 16-Year Perspective for Traffic
Information Services by Geographic Region - Percentage
Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest
of Latin America Markets for Years 2014, 2023 & 2030

ARGENTINA
Table 44: Argentina Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 45: Argentina Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

BRAZIL
Table 46: Brazil Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 47: Brazil Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

MEXICO
Table 48: Mexico Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 49: Mexico Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

REST OF LATIN AMERICA
Table 50: Rest of Latin America Recent Past, Current & Future
Analysis for Traffic Information Services by Segment - Traffic
Information Services - Independent Analysis of Annual Sales in
US$ Million for the Years 2022 through 2030 and % CAGR

Table 51: Rest of Latin America Historic Review for Traffic
Information Services by Segment - Traffic Information Services
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR

MIDDLE EAST
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Middle East for 2023 (E)
Table 52: Middle East Recent Past, Current & Future Analysis
for Traffic Information Services by Geographic Region - Iran,
Israel, Saudi Arabia, UAE and Rest of Middle East Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2022 through 2030 and % CAGR

Table 53: Middle East Historic Review for Traffic Information
Services by Geographic Region - Iran, Israel, Saudi Arabia, UAE
and Rest of Middle East Markets - Independent Analysis of
Annual Sales in US$ Million for Years 2014 through 2021 and %
CAGR

Table 54: Middle East 16-Year Perspective for Traffic
Information Services by Geographic Region - Percentage
Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE
and Rest of Middle East Markets for Years 2014, 2023 & 2030

IRAN
Table 55: Iran Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 56: Iran Historic Review for Traffic Information Services
by Segment - Traffic Information Services Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR

ISRAEL
Table 57: Israel Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 58: Israel Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

SAUDI ARABIA
Table 59: Saudi Arabia Recent Past, Current & Future Analysis
for Traffic Information Services by Segment - Traffic
Information Services - Independent Analysis of Annual Sales in
US$ Million for the Years 2022 through 2030 and % CAGR

Table 60: Saudi Arabia Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

UNITED ARAB EMIRATES
Table 61: UAE Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 62: UAE Historic Review for Traffic Information Services
by Segment - Traffic Information Services Markets - Independent
Analysis of Annual Sales in US$ Million for Years 2014 through
2021 and % CAGR

REST OF MIDDLE EAST
Table 63: Rest of Middle East Recent Past, Current & Future
Analysis for Traffic Information Services by Segment - Traffic
Information Services - Independent Analysis of Annual Sales in
US$ Million for the Years 2022 through 2030 and % CAGR

Table 64: Rest of Middle East Historic Review for Traffic
Information Services by Segment - Traffic Information Services
Markets - Independent Analysis of Annual Sales in US$ Million
for Years 2014 through 2021 and % CAGR

AFRICA
Traffic Information Services Market Presence - Strong/Active/
Niche/Trivial - Key Competitors in Africa for 2023 (E)
Table 65: Africa Recent Past, Current & Future Analysis for
Traffic Information Services by Segment - Traffic Information
Services - Independent Analysis of Annual Sales in US$ Million
for the Years 2022 through 2030 and % CAGR

Table 66: Africa Historic Review for Traffic Information
Services by Segment - Traffic Information Services Markets -
Independent Analysis of Annual Sales in US$ Million for Years
2014 through 2021 and % CAGR

IV. COMPETITION

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.