The global intelligent traffic management system (ITMS) market size was estimated at USD 12.41 billion in 2024 and is projected to reach USD 27.92 billion by 2030, expanding at a CAGR of 15.2% from 2025 to 2030. This strong growth outlook is driven primarily by the rising need to provide real-time traffic information to both passengers and drivers, especially as the number of vehicles on the road continues to increase each year. The ability of ITMS solutions to optimize traffic flow, reduce congestion, and enhance road safety is significantly boosting their adoption.

In addition, insufficient or aging road infrastructure in many regions has made it essential for governments to introduce smarter and more efficient traffic management systems. As a result, various government bodies are actively implementing initiatives, policies, and smart mobility programs aimed at improving traffic conditions, reducing travel time, and enhancing overall transportation efficiency, thereby contributing to market growth.

The COVID-19 pandemic had a considerable impact on the intelligent traffic management system industry. The crisis negatively affected new equipment sales and delayed numerous installation projects due to temporary suspension of operations by several major manufacturers and widespread disruptions in the supply chain. Component shortages further slowed down production and deployment activities. Despite these challenges, existing ITMS installations across the globe continued to function effectively, helping maintain essential traffic monitoring and management during the pandemic.

However, the pandemic caused a notable economic strain on companies, suppliers, and buyers involved in the ITMS ecosystem. Due to this, lingering disruptions and slow recovery phases are expected to pose initial challenges to the market during the early part of 2023, before conditions stabilize and growth momentum resumes.

Key Market Trends & Insights:

• North America dominated the intelligent traffic management system market, accounting for the largest share of 38.7% in 2024. This strong regional position is supported by the rapid adoption of advanced mobility technologies, well-established digital infrastructure, and significant government investments aimed at improving road safety and traffic efficiency. The region’s commitment to smart city development and intelligent transportation solutions further reinforces its leadership in the global market.

• Within North America, the U.S. intelligent traffic management system industry held a dominant position in 2024. The country’s leadership can be attributed to its extensive road networks, growing congestion challenges, and continuous efforts by federal and state authorities to deploy sophisticated traffic management solutions. High emphasis on real-time traffic analytics, automated incident detection, and connected vehicle technologies also strengthens the U.S. market outlook.

• Based on solution, the traffic monitoring system segment accounted for the largest share of 21.4% in 2024. This segment’s prominence stems from the rising need for real-time surveillance of traffic flow, road conditions, and vehicle movement. Traffic monitoring systems, equipped with sensors, cameras, and AI-driven analytics, help authorities respond quickly to incidents, manage congestion more effectively, and enhance overall road safety. As cities continue to prioritize data-driven traffic management, this segment is expected to retain its strong market position.

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Market Size & Forecast:

• 2024 Market Size: USD 12.41 Billion

• 2030 Projected Market Size: USD 27.92 Billion

• CAGR (2025-2030): 15.2%

• North America: Largest market in 2024

• Asia Pacific: Fastest growing market

Key Companies & Market Share Insights:

Some of the key companies operating in the intelligent traffic management system (ITMS) market include Siemens AG, Cubic Corporation, Inc., and Kapsch TrafficCom. These market players are actively strengthening their positions through substantial investments in research and development, enhancing operational efficiency, and focusing on new product development. They are also upgrading their existing product portfolios to meet evolving customer needs. Such strategic initiatives are aimed at attracting new clients, expanding global footprints, and increasing their respective market shares in a rapidly evolving transportation technology landscape.

Siemens AG holds a significant market share within the ITMS sector due to its extensive and diverse portfolio of intelligent traffic solutions. The company offers a wide range of systems, including adaptive traffic control technology, real-time traffic monitoring tools, and integrated mobility platforms designed to enhance transportation management. As a global leader, Siemens benefits from strong market penetration across Europe, North America, and the Asia Pacific region, supported by government-led smart city programs and the increasing focus on sustainable mobility. The company's continued emphasis on innovation, including its mobility-as-a-service (MaaS) offerings, positions Siemens strongly for further expansion as urban areas increasingly shift toward advanced, data-driven traffic management systems.

Cubic Corporation has also established itself as an important contributor to the ITMS market, especially in areas such as tolling systems, transit management, traffic analytics, and real-time data integration. With a dominant presence in North America and a growing international footprint, Cubic concentrates on developing solutions that seamlessly integrate with IoT-based platforms and connected vehicle technologies. Their systems are widely applied in major urban areas seeking to streamline traffic flow, reduce congestion, and enhance the performance of public transportation networks. This strong focus on digital transformation and smart transportation infrastructure continues to strengthen Cubic’s position in the global ITMS market.

Key Players

• Cubic Corporation

• SNC-Lavalin Group (Atkins)

• Thales Group

• International Business Machines Corporation

• General Electric Company

• Siemens AG

• Kapsch TrafficCom

• TomTom International BV

• Q-Free ASA

• TransCore

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Conclusion:

The intelligent traffic management system market is poised for rapid growth as more cities deploy real-time monitoring and adaptive control technologies to handle increasing congestion and vehicle volumes. Demand is being driven by government investments in smart infrastructure, along with a growing emphasis on safety and sustainability. While the COVID-19 pandemic disrupted new sales and supply chains, the widespread use of existing systems helped maintain demand. Key players are investing heavily in R&D and innovation, positioning the industry for strong future expansion.