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PUBLISHER: KBV Research | PRODUCT CODE: 1575622
PUBLISHER: KBV Research | PRODUCT CODE: 1575622
North America AI-Driven Traffic Management Market Size, Share & Trends Analysis Report By Deployment Mode, By Technology, By Component (Software, Hardware, and Services), By Application, By End User, By Country and Growth Forecast, 2024 - 2031
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The North America AI-Driven Traffic Management Market would witness market growth of 29.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America AI-Driven Traffic Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $36,991.3 million by 2031. The Canada market is experiencing a CAGR of 31.8% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 30.7% during (2024 - 2031).
Artificial intelligence (AI)'s application in traffic management transforms how cities approach urban mobility, offering innovative solutions to complex challenges. AI-powered cameras and sensors can continuously monitor traffic conditions, capturing real-time data on vehicle counts, speeds, and congestion levels. This data can then be used to adjust traffic signals and manage flow effectively. Using real-time monitoring data, AI can optimize traffic light cycles, adjusting them based on actual traffic conditions rather than preset schedules. This results in smoother traffic flow and reduced wait times.
AI can analyze historical data to identify patterns in traffic behavior, predicting future congestion based on variables like time of day, weather conditions, and local events. This predictive capability allows cities to manage traffic and allocate resources more efficiently and proactively. By analyzing patterns from past incidents, AI can predict potential traffic incidents or bottlenecks, allowing for preemptive measures, such as deploying traffic officers or rerouting vehicles.
Rising traffic fatalities and injuries in Canada are propelling the growth of this market. In 2021, the Canadian government reported 1,768 motor vehicle fatalities, marking a 1.3% increase from 2020's figure of 1,746. Serious injuries from motor vehicle accidents also rose by 4%, totaling 8,185, while overall injuries increased by 3.6%, reaching 108,018. This alarming trend highlights the urgent need for innovative solutions to enhance road safety and manage traffic more effectively. In conclusion, the rise in traffic fatalities and injuries in the USA & Canada creates a compelling case for adopting AI-driven traffic management solutions.
Based on Deployment Mode, the market is segmented into Cloud and On-Premises. Based on Technology, the market is segmented into Machine Learning (ML), Computer Vision, Internet of Things (IoT), Natural Language Processing (NLP), and Other Technology. Based on Component, the market is segmented into Software, Hardware, and Services. Based on Application, the market is segmented into Traffic Signal Control Systems, Incident Detection & Management, Route Optimization, Public Transport Management, and Predictive Analytics. Based on End User, the market is segmented into Government Authorities, Highway Operators, and Logistics & Transportation Providers. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Siemens AG (Siemens Mobility)
- Iteris, Inc.
- Econolite Group, Inc.
- Thales Group S.A.
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Ericsson AB
- SWARCO AG
- IBM Corporation
- Indra Sistemas, S.A.
- ST Engineering Limited (Temasek Holdings Limited )
North America AI-Driven Traffic Management Market Report Segmentation
By Deployment Mode
- Cloud
- On-Premises
By Technology
- Machine Learning (ML)
- Computer Vision
- Internet of Things (IoT)
- Natural Language Processing (NLP)
- Other Technology
By Component
- Software
- Hardware
- Services
By Application
- Traffic Signal Control Systems
- Incident Detection & Management
- Route Optimization
- Public Transport Management
- Predictive Analytics
By End User
- Government Authorities
- Highway Operators
- Logistics & Transportation Providers
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America AI-Driven Traffic Management Market, by Deployment Mode
- 1.4.2 North America AI-Driven Traffic Management Market, by Technology
- 1.4.3 North America AI-Driven Traffic Management Market, by Component
- 1.4.4 North America AI-Driven Traffic Management Market, by Application
- 1.4.5 North America AI-Driven Traffic Management Market, by End User
- 1.4.6 North America AI-Driven Traffic Management Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2023
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Dec - 2024, Aug) Leading Players
- 4.5 Porter Five Forces Analysis
Chapter 5. North America AI-Driven Traffic Management Market by Deployment Mode
- 5.1 North America Cloud Market by Region
- 5.2 North America On-Premises Market by Region
Chapter 6. North America AI-Driven Traffic Management Market by Technology
- 6.1 North America Machine Learning (ML) Market by Country
- 6.2 North America Computer Vision Market by Country
- 6.3 North America Internet of Things (IoT) Market by Country
- 6.4 North America Natural Language Processing (NLP) Market by Country
- 6.5 North America Other Technology Market by Country
Chapter 7. North America AI-Driven Traffic Management Market by Component
- 7.1 North America Software Market by Country
- 7.2 North America Hardware Market by Country
- 7.3 North America Services Market by Country
Chapter 8. North America AI-Driven Traffic Management Market by Application
- 8.1 North America Traffic Signal Control Systems Market by Country
- 8.2 North America Incident Detection & Management Market by Country
- 8.3 North America Route Optimization Market by Country
- 8.4 North America Public Transport Management Market by Country
- 8.5 North America Predictive Analytics Market by Country
Chapter 9. North America AI-Driven Traffic Management Market by End User
- 9.1 North America Government Authorities Market by Country
- 9.2 North America Highway Operators Market by Country
- 9.3 North America Logistics & Transportation Providers Market by Country
Chapter 10. North America AI-Driven Traffic Management Market by Country
- 10.1 US AI-Driven Traffic Management Market
- 10.1.1 US AI-Driven Traffic Management Market by Deployment Mode
- 10.1.2 US AI-Driven Traffic Management Market by Technology
- 10.1.3 US AI-Driven Traffic Management Market by Component
- 10.1.4 US AI-Driven Traffic Management Market by Application
- 10.1.5 US AI-Driven Traffic Management Market by End User
- 10.2 Canada AI-Driven Traffic Management Market
- 10.2.1 Canada AI-Driven Traffic Management Market by Deployment Mode
- 10.2.2 Canada AI-Driven Traffic Management Market by Technology
- 10.2.3 Canada AI-Driven Traffic Management Market by Component
- 10.2.4 Canada AI-Driven Traffic Management Market by Application
- 10.2.5 Canada AI-Driven Traffic Management Market by End User
- 10.3 Mexico AI-Driven Traffic Management Market
- 10.3.1 Mexico AI-Driven Traffic Management Market by Deployment Mode
- 10.3.2 Mexico AI-Driven Traffic Management Market by Technology
- 10.3.3 Mexico AI-Driven Traffic Management Market by Component
- 10.3.4 Mexico AI-Driven Traffic Management Market by Application
- 10.3.5 Mexico AI-Driven Traffic Management Market by End User
- 10.4 Rest of North America AI-Driven Traffic Management Market
- 10.4.1 Rest of North America AI-Driven Traffic Management Market by Deployment Mode
- 10.4.2 Rest of North America AI-Driven Traffic Management Market by Technology
- 10.4.3 Rest of North America AI-Driven Traffic Management Market by Component
- 10.4.4 Rest of North America AI-Driven Traffic Management Market by Application
- 10.4.5 Rest of North America AI-Driven Traffic Management Market by End User
Chapter 11. Company Profiles
- 11.1 Siemens AG (Siemens Mobility)
- 11.1.1 Company Overview
- 11.1.2 Financial Analysis
- 11.1.3 Segmental and Regional Analysis
- 11.1.4 Research & Development Expense
- 11.1.5 Recent strategies and developments:
- 11.1.5.1 Partnerships, Collaborations, and Agreements:
- 11.1.5.2 Product Launches and Product Expansions:
- 11.1.5.3 Acquisition and Mergers:
- 11.1.6 SWOT Analysis
- 11.2 Iteris, Inc.
- 11.2.1 Company Overview
- 11.2.2 Financial Analysis
- 11.2.3 Research & Development Expenses
- 11.2.4 Recent strategies and developments:
- 11.2.4.1 Partnerships, Collaborations, and Agreements:
- 11.2.4.2 Product Launches and Product Expansions:
- 11.3 Econolite Group, Inc.
- 11.3.1 Company Overview
- 11.3.2 Recent strategies and developments:
- 11.3.2.1 Partnerships, Collaborations, and Agreements:
- 11.3.2.2 Acquisition and Mergers:
- 11.4 Thales Group S.A.
- 11.4.1 Company Overview
- 11.4.2 Financial Analysis
- 11.4.3 Segmental and Regional Analysis
- 11.4.4 Research & Development Expenses
- 11.4.5 Recent strategies and developments:
- 11.4.5.1 Partnerships, Collaborations, and Agreements:
- 11.4.6 SWOT Analysis
- 11.5 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- 11.5.1 Company Overview
- 11.5.2 Financial Analysis
- 11.5.3 Segmental and Regional Analysis
- 11.5.4 Research & Development Expenses
- 11.5.5 Recent strategies and developments:
- 11.5.5.1 Partnerships, Collaborations, and Agreements:
- 11.5.5.2 Product Launches and Product Expansions:
- 11.5.6 SWOT Analysis
- 11.6 SWARCO AG
- 11.6.1 Company Overview
- 11.6.2 Recent strategies and developments:
- 11.6.2.1 Partnerships, Collaborations, and Agreements:
- 11.6.2.2 Product Launches and Product Expansions:
- 11.6.3 SWOT Analysis
- 11.7 Ericsson AB
- 11.7.1 Company Overview
- 11.7.2 Financial Analysis
- 11.7.3 Segmental and Regional Analysis
- 11.7.4 Research & Development Expense
- 11.7.5 Recent strategies and developments:
- 11.7.5.1 Product Launches and Product Expansions:
- 11.7.6 SWOT Analysis
- 11.8 IBM Corporation
- 11.8.1 Company Overview
- 11.8.2 Financial Analysis
- 11.8.3 Regional & Segmental Analysis
- 11.8.4 Research & Development Expenses
- 11.8.5 Recent strategies and developments:
- 11.8.5.1 Acquisition and Mergers:
- 11.8.6 SWOT Analysis
- 11.9 Indra Sistemas, S.A.
- 11.9.1 Company Overview
- 11.9.2 Financial Analysis
- 11.9.3 Segmental and Regional Analysis
- 11.9.4 Research & Development Expenses
- 11.9.5 Recent strategies and developments:
- 11.9.5.1 Product Launches and Product Expansions:
- 11.10. ST Engineering Limited
- 11.10.1 Company Overview
- 11.10.2 Financial Analysis
- 11.10.3 Segmental and Regional Analysis
LIST OF TABLES
- TABLE 1 North America AI-Driven Traffic Management Market, 2020 - 2023, USD Million
- TABLE 2 North America AI-Driven Traffic Management Market, 2024 - 2031, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- AI-Driven Traffic Management Market
- TABLE 4 Product Launches And Product Expansions- AI-Driven Traffic Management Market
- TABLE 5 Acquisition and Mergers- AI-Driven Traffic Management Market
- TABLE 6 North America AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
- TABLE 7 North America AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
- TABLE 8 North America Cloud Market by Region, 2020 - 2023, USD Million
- TABLE 9 North America Cloud Market by Region, 2024 - 2031, USD Million
- TABLE 10 North America On-Premises Market by Region, 2020 - 2023, USD Million
- TABLE 11 North America On-Premises Market by Region, 2024 - 2031, USD Million
- TABLE 12 North America AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
- TABLE 13 North America AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
- TABLE 14 North America Machine Learning (ML) Market by Country, 2020 - 2023, USD Million
- TABLE 15 North America Machine Learning (ML) Market by Country, 2024 - 2031, USD Million
- TABLE 16 North America Computer Vision Market by Country, 2020 - 2023, USD Million
- TABLE 17 North America Computer Vision Market by Country, 2024 - 2031, USD Million
- TABLE 18 North America Internet of Things (IoT) Market by Country, 2020 - 2023, USD Million
- TABLE 19 North America Internet of Things (IoT) Market by Country, 2024 - 2031, USD Million
- TABLE 20 North America Natural Language Processing (NLP) Market by Country, 2020 - 2023, USD Million
- TABLE 21 North America Natural Language Processing (NLP) Market by Country, 2024 - 2031, USD Million
- TABLE 22 North America Other Technology Market by Country, 2020 - 2023, USD Million
- TABLE 23 North America Other Technology Market by Country, 2024 - 2031, USD Million
- TABLE 24 North America AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
- TABLE 25 North America AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
- TABLE 26 North America Software Market by Country, 2020 - 2023, USD Million
- TABLE 27 North America Software Market by Country, 2024 - 2031, USD Million
- TABLE 28 North America Hardware Market by Country, 2020 - 2023, USD Million
- TABLE 29 North America Hardware Market by Country, 2024 - 2031, USD Million
- TABLE 30 North America Services Market by Country, 2020 - 2023, USD Million
- TABLE 31 North America Services Market by Country, 2024 - 2031, USD Million
- TABLE 32 North America AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
- TABLE 33 North America AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
- TABLE 34 North America Traffic Signal Control Systems Market by Country, 2020 - 2023, USD Million
- TABLE 35 North America Traffic Signal Control Systems Market by Country, 2024 - 2031, USD Million
- TABLE 36 North America Incident Detection & Management Market by Country, 2020 - 2023, USD Million
- TABLE 37 North America Incident Detection & Management Market by Country, 2024 - 2031, USD Million
- TABLE 38 North America Route Optimization Market by Country, 2020 - 2023, USD Million
- TABLE 39 North America Route Optimization Market by Country, 2024 - 2031, USD Million
- TABLE 40 North America Public Transport Management Market by Country, 2020 - 2023, USD Million
- TABLE 41 North America Public Transport Management Market by Country, 2024 - 2031, USD Million
- TABLE 42 North America Predictive Analytics Market by Country, 2020 - 2023, USD Million
- TABLE 43 North America Predictive Analytics Market by Country, 2024 - 2031, USD Million
- TABLE 44 North America AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
- TABLE 45 North America AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
- TABLE 46 North America Government Authorities Market by Country, 2020 - 2023, USD Million
- TABLE 47 North America Government Authorities Market by Country, 2024 - 2031, USD Million
- TABLE 48 North America Highway Operators Market by Country, 2020 - 2023, USD Million
- TABLE 49 North America Highway Operators Market by Country, 2024 - 2031, USD Million
- TABLE 50 North America Logistics & Transportation Providers Market by Country, 2020 - 2023, USD Million
- TABLE 51 North America Logistics & Transportation Providers Market by Country, 2024 - 2031, USD Million
- TABLE 52 North America AI-Driven Traffic Management Market by Country, 2020 - 2023, USD Million
- TABLE 53 North America AI-Driven Traffic Management Market by Country, 2024 - 2031, USD Million
- TABLE 54 US AI-Driven Traffic Management Market, 2020 - 2023, USD Million
- TABLE 55 US AI-Driven Traffic Management Market, 2024 - 2031, USD Million
- TABLE 56 US AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
- TABLE 57 US AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
- TABLE 58 US AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
- TABLE 59 US AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
- TABLE 60 US AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
- TABLE 61 US AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
- TABLE 62 US AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
- TABLE 63 US AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
- TABLE 64 US AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
- TABLE 65 US AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
- TABLE 66 Canada AI-Driven Traffic Management Market, 2020 - 2023, USD Million
- TABLE 67 Canada AI-Driven Traffic Management Market, 2024 - 2031, USD Million
- TABLE 68 Canada AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
- TABLE 69 Canada AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
- TABLE 70 Canada AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
- TABLE 71 Canada AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
- TABLE 72 Canada AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
- TABLE 73 Canada AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
- TABLE 74 Canada AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
- TABLE 75 Canada AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
- TABLE 76 Canada AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
- TABLE 77 Canada AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
- TABLE 78 Mexico AI-Driven Traffic Management Market, 2020 - 2023, USD Million
- TABLE 79 Mexico AI-Driven Traffic Management Market, 2024 - 2031, USD Million
- TABLE 80 Mexico AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
- TABLE 81 Mexico AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
- TABLE 82 Mexico AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
- TABLE 83 Mexico AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
- TABLE 84 Mexico AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
- TABLE 85 Mexico AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
- TABLE 86 Mexico AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
- TABLE 87 Mexico AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
- TABLE 88 Mexico AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
- TABLE 89 Mexico AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
- TABLE 90 Rest of North America AI-Driven Traffic Management Market, 2020 - 2023, USD Million
- TABLE 91 Rest of North America AI-Driven Traffic Management Market, 2024 - 2031, USD Million
- TABLE 92 Rest of North America AI-Driven Traffic Management Market by Deployment Mode, 2020 - 2023, USD Million
- TABLE 93 Rest of North America AI-Driven Traffic Management Market by Deployment Mode, 2024 - 2031, USD Million
- TABLE 94 Rest of North America AI-Driven Traffic Management Market by Technology, 2020 - 2023, USD Million
- TABLE 95 Rest of North America AI-Driven Traffic Management Market by Technology, 2024 - 2031, USD Million
- TABLE 96 Rest of North America AI-Driven Traffic Management Market by Component, 2020 - 2023, USD Million
- TABLE 97 Rest of North America AI-Driven Traffic Management Market by Component, 2024 - 2031, USD Million
- TABLE 98 Rest of North America AI-Driven Traffic Management Market by Application, 2020 - 2023, USD Million
- TABLE 99 Rest of North America AI-Driven Traffic Management Market by Application, 2024 - 2031, USD Million
- TABLE 100 Rest of North America AI-Driven Traffic Management Market by End User, 2020 - 2023, USD Million
- TABLE 101 Rest of North America AI-Driven Traffic Management Market by End User, 2024 - 2031, USD Million
- TABLE 102 Key Information - Siemens AG
- TABLE 103 Key Information - ITERIS, INC.
- TABLE 104 Key Information - Econolite Group, Inc.
- TABLE 105 Key Information - Thales Group S.A.
- TABLE 106 Key Information - Huawei Technologies Co., Ltd.
- TABLE 107 Key Information - SWARCO AG
- TABLE 108 key information - Ericsson AB
- TABLE 109 Key Information - IBM Corporation
- TABLE 110 Key Information - Indra Sistemas, S.A.
- TABLE 111 Key Information - ST Engineering Limited
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