This report provides Transforma Insights’ view on the IoT market associated with Road Traffic Monitoring & Control, including road tolling systems, traffic enforcement cameras, and connected traffic signals and signs.
Traffic management is one of the major challenges faced by cities due to overcrowding, increasing number of daily commuters, outdated road networks, and increasing vehicle ownership. Cities have started using CCTV footage to retrieve vehicle related data and accordingly manage traffic, as well as suggest improvements in the infrastructure. Traffic lights and road signs are also being connected to control traffic and inform drivers with necessary information in real time, including speed limits, the presence of traffic jams, and potential hazards on the road ahead. IoT is also being used to simplify payments at toll booths by allowing automated tolling and alternative payment methods, enabling drivers to reduce the time and emissions caused in going from one place to another and opening new sources of revenue.
This is already a relatively mature sector, with road tolling and other similar applications deployed in numerous cities around the world. In total there will be over 225 million IoT connected devices in road traffic monitoring and control related applications in 2030, up from 121 million in 2020. The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used (including splits by 2G, 3G, 4G, 5G, LPWA, short range, satellite, and others), as well as the revenue split between module, value-added connectivity, and services. A full set of forecast data, including country-level forecasts, sector break-downs and public/private network splits, is available through the IoT Forecast tool.