Advanced traffic management technologies, such as adaptive traffic control, traffic analytics, smart intersections and smart lighting can improve safety while reducing traffic congestion levels and greenhouse gas emissions, according to Navigant Research.
Writing for GreenBiz on 13 August, Senior Research Analyst Ryan Citron explained the technologies would do this through use of video detection, radar and artificial intelligence-driven software. He tipped the market for traffic management systems to achieve gradual, accelerating growth over the next decade – growing from $1.1bn in 2019 to almost $3.8bn in 2028, according to Navigant Research estimates – and suggested cities should consider how investment can be complementary to broader smart city goals, once cities have decided what level of advanced traffic management systems to deploy.
As for suppliers, Citron recommended those aiming to capitalise should develop differentiated, high-performance and localised offerings – making sure to understand the local context of different cities; to be flexible and creative around business model development; to partner with smart city providers; and to give emphasis to the foundational importance of smart intersections with smart city development. He explained an upgrade on the communications and traffic controller infrastructure for advanced traffic management systems has a simultaneous effect of better preparing cities for the expected arrival of connected and automated vehicles.