Global Traffic Accident Management System Market: Introduction
A traffic accident management system can be defined as an intelligent public transport mechanism which obtains real-time information and enables the driver to enhance safety and avoid potential accidents while driving the vehicle. Roads have become accessible everywhere and the number of vehicles have increased with economic development across the globe. This has resulted in increasing frequency of traffic accidents and casualties.
A traffic accident management system enables real-time traffic scene monitoring, scheduling, and control. The whole system majorly consists of communication, information storage, traffic accident identification, and traffic accident management.
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Global Traffic Accident Management System Market – Dynamics
Increasing Focus on Road Safety Driving Growth of the Traffic Accident Management System Market
The number of road accidents as well as the number of casualties in road accidents is increasing globally. According to the Association for Safe International Road Travel, and World Health Organizations infographics on road safety, nearly 1.25 million people die in road crashes each year, an average 3,287 deaths a day. Additionally, 20-50 million people are injured or disabled; road traffic crashes rank as the 9th leading cause of death and account for 2.2% of all deaths globally. Deployment of traffic accident management system is increasing to reduce the number of such incidents, which is driving the growth of the market.
Increasing Government Focus on Safety and Security on Roads
According to World Health Organization, over 90% of all road fatalities occur in low and middle-income countries which have less than half of the world’s vehicles, whereas road crashes cost US$ 518 Bn globally, costing individual countries from 1%-2% of their annual GDP. Governments are deploying traffic accident management system to minimize this heavy economic as well as human loss.
Initial Deployment and Integration Technicality is Hampering the Growth of Traffic Accident Management System Market
The initial deployment and integration of traffic accident management system specifically in developing countries is not easy where communication as well as utility infrastructure is not strong. Utility infrastructure as well as communication infrastructure needs to be strong to efficiently monitor and control traffic accidents. In developing countries such as India, China, and Indonesia, the basic infrastructure is not strong enough which can hamper the growth of the traffic accident management system market.
North America Expected to Dominate the Global Traffic Accident Management System Market
In terms of region, the global traffic accident management system market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the global traffic accident management system market during the forecast period, due to more motor vehicles per capita in North America compared to other regions.
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Global Traffic Accident Management System Market – Competitive Landscape
- In December 2018, Traffic Accident Management Information System (TAMIS) was launched by Pakistan Information Technology Board (PITB) in collaboration with Traffic Police of Punjab and Punjab Police
Kyosan Electric Manufacturing Co, Ltd.
Established in 1917, Kyosan Electric Manufacturing Co, Ltd. is focused on development and manufacturing of electromechanical interlocking, road traffic signal equipment, and cuprous oxide rectifiers. The company majorly works in the segments of railway signaling solutions, traffic management solutions, power conversion solutions, platform safety equipment, and information systems. The traffic accident management system comes under the traffic management solutions segment.
Advantech Co., Ltd.
Established in 1981, Advantech Co., Ltd. manufactures and sells embedded computing boards, industrial automation products, and applied computers. The company is highly focused on IoT intelligent systems and embedded platforms. The company provides automatic fare collection, station management, wayside control, rolling stock systems, and traffic management and control room solutions within intelligent transportation.
Global Traffic Accident Management System Market: Segmentation
The global traffic accident management system market can be segmented based on:
Global Traffic Accident Management System Market, by Component
Based on component, the global traffic accident management system market can be divided into:
- Communication Sub System Software
- Information Sub System Software
- Traffic Accident Identification Sub System Software
- Traffic Accident Management Sub System Software
Global Traffic Accident Management System Market, by Deployment
Based on deployment, the global traffic accident management system market can be segregated into:
Regional analysis of the global traffic accident management system market:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
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