Market Overview:
The global intelligent transportation system (ITS) market is expected to grow from USD 9.02 billion in 2018 to USD 27.06 billion by 2030, at a CAGR of 16.92% during the forecast period. The growth of the ITS market can be attributed to the increasing demand for advanced traffic management systems, advanced traveler information systems, ITS-enabled transportation pricing systems, and advanced public transportation systems across the globe. The commercial vehicle operation segment is expected to hold the largest share of the ITS market in 2018.
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Product Definition:
ITS is a term for various technologies that use communication and information processing to manage transportation systems. ITS can help with everything from traffic management to vehicle safety to parking availability.
Advanced Traffic Management System:
Advanced Traffic Management System (ATMS) is a traffic management system which helps to control and monitor the traffic condition on road. It provides real-time data for drivers regarding road closures, accidents, and incidents. The ITS market has been growing at a significant pace on account of increasing demand for integrated systems across different sectors such as transportation & logistics, public safety & emergency services along with energy & utilities sector.
Advanced Traveler Information System:
Advanced traveler information system (ATIS) is a global computer network that provides real-time transportation status and information to travelers. It also helps in enhancing the efficiency of transportation systems by providing alternative routes, travel options, and schedules. The ITS market includes buses, trains, subways, metros/subway trains, airplanes & helicopters as well as ships or boats.
Application Insights:
The fleet management and asset monitoring segment dominated the global intelligent transportation system market in 2017. This can be attributed to the growing need for tracking vehicle location, status of tires, and fuel levels among other factors for effective operations of vehicles on roads. Furthermore, increasing government mandates on reporting accidents or incidents that may require immediate response are also expected to drive growth over the forecast period.
Advanced traffic management systems were estimated to be the second-largest segment in 2017 owing to their rising adoption across major cities worldwide including New York City, Chicago, Los Angeles among others for managing traffic flow more efficiently using real-time information collected from road sensors at various junctions and turns along with GPS locations of vehicles.
Regional Analysis:
The North American region dominated the market in 2016 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government funding for intelligent transportation system development, rising adoption of traffic management systems by governments as well as private agencies, and growing emphasis on reducing travel time through improved traffic efficiency. Moreover, increasing investments by companies in developing innovative ATS solutions are anticipated to drive regional market growth over the forecast period.
The Asia Pacific region is projected to witness significant growth during the same period owing to rapid urbanization coupled with increased spending on public transportation infrastructure development in countries such as China and India. Furthermore, supportive regulations framed by regulatory bodies such as National Highway Traffic Safety Administration (NHTSA) & Ministry of Transportation & Highways (MoTH), Government of India for improving safety standards while using vehicles equipped with ATS are expected to further propel regional demand during the forecast period.
Growth Factors:
- Increasing demand for intelligent transportation system from the commercial sector
- Rising concerns regarding traffic congestion and its impact on the environment
- Implementation of stringent government regulations for safety and security in transportation systems
- Growing demand for advanced traveler information systems and services
- Proliferation of smart devices and development of innovative applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Intelligent Transportation System (ITS) Market Research Report
By Type
Advanced Traffic Management System, Advanced Traveler Information System, ITS-Enabled Transportation Pricing System, Advanced Public Transportation System, Commercial Vehicle Operation
By Application
Fleet Management and Asset Monitoring, Intelligent Traffic Control, Collision Avoidance, Parking Management, Passenger Information Management, Ticketing Management, Emergency Vehicle Notification, Automotive Telematics
By Companies
Thales, Siemens, Garmin, Kapsch Trafficcom, Tomtom International, Cubic, Q-Free, Efkon, Flir Systems, Denso, Geotoll, Electricfeel, Doublemap, Bestmile, Nutonomy
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Intelligent Transportation System (ITS) Market Report Segments:
The global Intelligent Transportation System (ITS) market is segmented on the basis of:
Types
Advanced Traffic Management System, Advanced Traveler Information System, ITS-Enabled Transportation Pricing System, Advanced Public Transportation System, Commercial Vehicle Operation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fleet Management and Asset Monitoring, Intelligent Traffic Control, Collision Avoidance, Parking Management, Passenger Information Management, Ticketing Management, Emergency Vehicle Notification, Automotive Telematics
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Thales
- Siemens
- Garmin
- Kapsch Trafficcom
- Tomtom International
- Cubic
- Q-Free
- Efkon
- Flir Systems
- Denso
- Geotoll
- Electricfeel
- Doublemap
- Bestmile
- Nutonomy
 Market Overview.svg)
Highlights of The Intelligent Transportation System (ITS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Advanced Traffic Management System
- Advanced Traveler Information System
- ITS-Enabled Transportation Pricing System
- Advanced Public Transportation System
- Commercial Vehicle Operation
- By Application:
- Fleet Management and Asset Monitoring
- Intelligent Traffic Control
- Collision Avoidance
- Parking Management
- Passenger Information Management
- Ticketing Management
- Emergency Vehicle Notification
- Automotive Telematics
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Intelligent Transportation System (ITS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ITS is a term used to describe the full range of transportation technologies that can be used to improve safety, efficiency, and mobility. ITS technologies include sensors, communication systems, and data analysis tools that are used to manage traffic flow and optimize transportation resources.
Some of the major players in the intelligent transportation system (its) market are Thales, Siemens, Garmin, Kapsch Trafficcom, Tomtom International, Cubic, Q-Free, Efkon, Flir Systems, Denso, Geotoll, Electricfeel, Doublemap, Bestmile, Nutonomy.
The intelligent transportation system (its) market is expected to register a CAGR of 16.92%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intelligent Transportation System (ITS) Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Intelligent Transportation System (ITS) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intelligent Transportation System (ITS) Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Intelligent Transportation System (ITS) Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Intelligent Transportation System (ITS) Market Size & Forecast, 2018-2028
4.5.1 Intelligent Transportation System (ITS) Market Size and Y-o-Y Growth
4.5.2 Intelligent Transportation System (ITS) Market Absolute $ Opportunity
Chapter 5 Global Intelligent Transportation System (ITS) Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Intelligent Transportation System (ITS) Market Size Forecast by Type
5.2.1 Advanced Traffic Management System
5.2.2 Advanced Traveler Information System
5.2.3 ITS-Enabled Transportation Pricing System
5.2.4 Advanced Public Transportation System
5.2.5 Commercial Vehicle Operation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intelligent Transportation System (ITS) Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Intelligent Transportation System (ITS) Market Size Forecast by Applications
6.2.1 Fleet Management and Asset Monitoring
6.2.2 Intelligent Traffic Control
6.2.3 Collision Avoidance
6.2.4 Parking Management
6.2.5 Passenger Information Management
6.2.6 Ticketing Management
6.2.7 Emergency Vehicle Notification
6.2.8 Automotive Telematics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intelligent Transportation System (ITS) Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intelligent Transportation System (ITS) Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Intelligent Transportation System (ITS) Analysis and Forecast
9.1 Introduction
9.2 North America Intelligent Transportation System (ITS) Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Intelligent Transportation System (ITS) Market Size Forecast by Type
9.6.1 Advanced Traffic Management System
9.6.2 Advanced Traveler Information System
9.6.3 ITS-Enabled Transportation Pricing System
9.6.4 Advanced Public Transportation System
9.6.5 Commercial Vehicle Operation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Intelligent Transportation System (ITS) Market Size Forecast by Applications
9.10.1 Fleet Management and Asset Monitoring
9.10.2 Intelligent Traffic Control
9.10.3 Collision Avoidance
9.10.4 Parking Management
9.10.5 Passenger Information Management
9.10.6 Ticketing Management
9.10.7 Emergency Vehicle Notification
9.10.8 Automotive Telematics
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Intelligent Transportation System (ITS) Analysis and Forecast
10.1 Introduction
10.2 Europe Intelligent Transportation System (ITS) Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Intelligent Transportation System (ITS) Market Size Forecast by Type
10.6.1 Advanced Traffic Management System
10.6.2 Advanced Traveler Information System
10.6.3 ITS-Enabled Transportation Pricing System
10.6.4 Advanced Public Transportation System
10.6.5 Commercial Vehicle Operation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Intelligent Transportation System (ITS) Market Size Forecast by Applications
10.10.1 Fleet Management and Asset Monitoring
10.10.2 Intelligent Traffic Control
10.10.3 Collision Avoidance
10.10.4 Parking Management
10.10.5 Passenger Information Management
10.10.6 Ticketing Management
10.10.7 Emergency Vehicle Notification
10.10.8 Automotive Telematics
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Intelligent Transportation System (ITS) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intelligent Transportation System (ITS) Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Intelligent Transportation System (ITS) Market Size Forecast by Type
11.6.1 Advanced Traffic Management System
11.6.2 Advanced Traveler Information System
11.6.3 ITS-Enabled Transportation Pricing System
11.6.4 Advanced Public Transportation System
11.6.5 Commercial Vehicle Operation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Intelligent Transportation System (ITS) Market Size Forecast by Applications
11.10.1 Fleet Management and Asset Monitoring
11.10.2 Intelligent Traffic Control
11.10.3 Collision Avoidance
11.10.4 Parking Management
11.10.5 Passenger Information Management
11.10.6 Ticketing Management
11.10.7 Emergency Vehicle Notification
11.10.8 Automotive Telematics
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Intelligent Transportation System (ITS) Analysis and Forecast
12.1 Introduction
12.2 Latin America Intelligent Transportation System (ITS) Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Intelligent Transportation System (ITS) Market Size Forecast by Type
12.6.1 Advanced Traffic Management System
12.6.2 Advanced Traveler Information System
12.6.3 ITS-Enabled Transportation Pricing System
12.6.4 Advanced Public Transportation System
12.6.5 Commercial Vehicle Operation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Intelligent Transportation System (ITS) Market Size Forecast by Applications
12.10.1 Fleet Management and Asset Monitoring
12.10.2 Intelligent Traffic Control
12.10.3 Collision Avoidance
12.10.4 Parking Management
12.10.5 Passenger Information Management
12.10.6 Ticketing Management
12.10.7 Emergency Vehicle Notification
12.10.8 Automotive Telematics
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Intelligent Transportation System (ITS) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intelligent Transportation System (ITS) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Intelligent Transportation System (ITS) Market Size Forecast by Type
13.6.1 Advanced Traffic Management System
13.6.2 Advanced Traveler Information System
13.6.3 ITS-Enabled Transportation Pricing System
13.6.4 Advanced Public Transportation System
13.6.5 Commercial Vehicle Operation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Intelligent Transportation System (ITS) Market Size Forecast by Applications
13.10.1 Fleet Management and Asset Monitoring
13.10.2 Intelligent Traffic Control
13.10.3 Collision Avoidance
13.10.4 Parking Management
13.10.5 Passenger Information Management
13.10.6 Ticketing Management
13.10.7 Emergency Vehicle Notification
13.10.8 Automotive Telematics
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intelligent Transportation System (ITS) Market: Competitive Dashboard
14.2 Global Intelligent Transportation System (ITS) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Thales
14.3.2 Siemens
14.3.3 Garmin
14.3.4 Kapsch Trafficcom
14.3.5 Tomtom International
14.3.6 Cubic
14.3.7 Q-Free
14.3.8 Efkon
14.3.9 Flir Systems
14.3.10 Denso
14.3.11 Geotoll
14.3.12 Electricfeel
14.3.13 Doublemap
14.3.14 Bestmile
14.3.15 Nutonomy
