Advanced traffic management technologies such as adaptive traffic control and traffic analytics can improve safety and significantly decrease traffic congestion levels and greenhouse gas (GHG) emissions.
For example, Pittsburgh deployed Rapid Flow Technology’s Surtrac system at 50 intersections across the city. The decentralized system uses a combination of video detection and radar to detect vehicle traffic and adjust signals in real-time using artificial intelligence-driven software. Results from the implementation have been substantial: travel times have been reduced by 26 percent, wait times at intersections are down 41 percent and vehicle emissions have been reduced by 21 percent…
Navigant Research estimates that the global market for advanced traffic management will be worth more than $1.1 billion in 2019. Annual revenue is expected to grow to nearly $3.8 billion by 2028, representing a compound annual growth rate of 14.2 percent.