Intelligent Transportation Systems Market
Segments - by Systems (Advanced Traffic Management Systems, Advanced Traveller Information Systems, Advanced Public Transportation Systems, and Commercial Vehicle Operations), Components (Interface Boards, Sensors, Software, Surveillance Cameras, Telecommunication Networks, Monitoring & Detection Systems, and Others), Applications (Fleet Management & Asset Monitoring, Traffic Monitoring Systems, Traffic Signal Control Systems, Parking Convenience Systems, Traffic Enforcement Cameras, and Accident Avoidance Systems), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global intelligent transportation systems market size is expected to expand at a CAGR of 5.4% during the forecast period, 2021–2028. The growth of the market is attributed to the increasing concerns toward public safety and increasing traffic congestion problems.
Intelligent transportation systems (ITS) are a collection of information and communication technologies that work together to deliver highly efficient transportation and traffic management services. Furthermore, ITS assists in increasing operating efficiency, improving road safety, ensuring the long-term viability of transportation networks, and decreasing traffic congestion.
Sensors, telematics, communication devices, and other data analysis applications are important components of an ITS. It makes use of parking availability systems, collision avoidance systems, and traffic enforcement cameras, among other things.
Market Trends, Drivers, Restraints, and Opportunities
- Rising government initiatives for effective traffic management is expected to drive the market growth.
- Increasing adoption of ITS in emerging countries is estimated to push the growth of the market.
- Rapidly expanding telematics and vehicle infotainment industry coupled with explosive growth of the commercial connected vehicles are projected to propel the market growth in the coming years.
- Growing demand for solutions to reduce pollution level and number of road accidents is one of the major factors driving the market growth.
- Lack of inter-operability and standardization is projected to hinder the market expansion during the forecast period.
- Increasing technological advancements in the automobile technology and development of smart cities are estimated to create opportunities for the market growth.
Scope of the Report
The report on the global intelligent transportation systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Intelligent Transportation Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Systems (Advanced Traffic Management Systems, Advanced Traveller Information Systems, Advanced Public Transportation Systems, and Commercial Vehicle Operations), Components (Interface Boards, Sensors, Software, Surveillance Cameras, Telecommunication Networks, Monitoring & Detection Systems, and Others), Applications (Fleet Management & Asset Monitoring, Traffic Monitoring Systems, Traffic Signal Control Systems, Parking Convenience Systems, Traffic Enforcement Cameras, and Accident Avoidance Systems) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | DENSO Corporation, TomTom NV, TransCore, Kapsch TrafficCom AG, and Thales SA. |
Intelligent Transportation Systems Market Segment Insights
Advanced traffic management systems segment to hold a large market share
Based on systems, the market is divided into advanced traffic management systems, advanced traveller information systems, advanced public transportation systems, and commercial vehicle operations. The segment advanced traffic management systems accounted for around 30% of the market share in 2020. Growing number of cars on the roads as well as the resulting frequent traffic jams have increasing the requirement of the implementation of modern traffic management technologies. These technologies have the ability to save travel times while also assuring effective traffic management.
Sensors segment to expand at a significant pace
In terms of components, the market is segmented into interface boards, sensors, software, surveillance cameras, telecommunication networks, monitoring & detection systems, and other. The sensors segment is expected to grow at a robust pace in the coming years. Infrastructure sensors are unbreakable devices that are either manually or automatically operated and are implanted in the road or around the road. Vehicle-sensing systems may use infrastructure-to-vehicle and vehicle-to-infrastructure electronic intelligent sensors for identification communications, as well as video automatic number plate recognition or vehicle magnetic signature detection technologies at predetermined intervals to increase vehicle monitoring in critical zones.
Traffic monitoring system segment to register at a substantial CAGR
On the basis of applications, the market is segregated into feet management & asset monitoring, traffic monitoring systems, traffic signal control systems, parking convenience systems, traffic enforcement cameras, and accident avoidance systems. The traffic monitoring systems segment is anticipated to expand at a rapid CAGR during the forecast period owing to reduced air pollution caused by slow-moving traffic that enhances the air quality. Management of traffic speed in environmentally vulnerable places are protected by using traffic monitoring system.
Asia Pacific to dominate the market
On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to dominate the market during the forecast period. ITS helps the consumers significantly in reducing travel time by avoiding overcrowded routes or traffics.
Segments
Segments Covered in the ReportThe global intelligent transportation systems market has been segmented on the basis of
Systems
- Advanced Traffic Management Systems
- Advanced Traveller Information Systems
- Advanced Public Transportation Systems
- Commercial Vehicle Operations
- Interface Boards
- Sensors
- Software
- Surveillance Cameras
- Telecommunication Networks
- Monitoring and Detection Systems
- Others
- Fleet Management & Asset Monitoring
- Traffic Monitoring Systems
- Traffic Signal Control Systems
- Parking Convenience Systems
- Traffic Enforcement Camera
- Accident Avoidance Systems
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- DENSO Corporation
- TomTom NV
- TransCore
- Kapsch TrafficCom AG
- Thales SA
Competitive Landscape
Key players competing in the intelligent transportation systems market include DENSO Corporation, TomTom NV, TransCore, Kapsch TrafficCom AG, and Thales SA
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Intelligent Transportation Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Intelligent Transportation Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Intelligent Transportation Systems Market - Supply Chain
4.5. Global Intelligent Transportation Systems Market Forecast
4.5.1. Intelligent Transportation Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Intelligent Transportation Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Intelligent Transportation Systems Market Absolute $ Opportunity
5. Global Intelligent Transportation Systems Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Intelligent Transportation Systems Market Size and Volume Forecast by Applications
5.3.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Intelligent Transportation Systems Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Intelligent Transportation Systems Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Intelligent Transportation Systems Demand Share Forecast, 2019-2026
7. North America Intelligent Transportation Systems Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Intelligent Transportation Systems Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Intelligent Transportation Systems Market Size and Volume Forecast by Applications
7.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Intelligent Transportation Systems Demand Share Forecast, 2019-2026
8. Latin America Intelligent Transportation Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Intelligent Transportation Systems Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Intelligent Transportation Systems Market Size and Volume Forecast by Applications
8.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Intelligent Transportation Systems Demand Share Forecast, 2019-2026
9. Europe Intelligent Transportation Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Intelligent Transportation Systems Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Intelligent Transportation Systems Market Size and Volume Forecast by Applications
9.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Intelligent Transportation Systems Demand Share Forecast, 2019-2026
10. Asia Pacific Intelligent Transportation Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Intelligent Transportation Systems Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Intelligent Transportation Systems Market Size and Volume Forecast by Applications
10.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Intelligent Transportation Systems Demand Share Forecast, 2019-2026
11. Middle East & Africa Intelligent Transportation Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Intelligent Transportation Systems Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Intelligent Transportation Systems Market Size and Volume Forecast by Applications
11.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Intelligent Transportation Systems Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Intelligent Transportation Systems Market: Market Share Analysis
12.2. Intelligent Transportation Systems Distributors and Customers
12.3. Intelligent Transportation Systems Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. DENSO Corporation TomTom NV TransCore Kapsch TrafficCom AG Thales SA
2. Assumptions and Acronyms Used
3. Research Methodology
4. Intelligent Transportation Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Intelligent Transportation Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Intelligent Transportation Systems Market - Supply Chain
4.5. Global Intelligent Transportation Systems Market Forecast
4.5.1. Intelligent Transportation Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Intelligent Transportation Systems Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Intelligent Transportation Systems Market Absolute $ Opportunity
5. Global Intelligent Transportation Systems Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Intelligent Transportation Systems Market Size and Volume Forecast by Applications
5.3.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Intelligent Transportation Systems Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Intelligent Transportation Systems Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Intelligent Transportation Systems Demand Share Forecast, 2019-2026
7. North America Intelligent Transportation Systems Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Intelligent Transportation Systems Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Intelligent Transportation Systems Market Size and Volume Forecast by Applications
7.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Intelligent Transportation Systems Demand Share Forecast, 2019-2026
8. Latin America Intelligent Transportation Systems Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Intelligent Transportation Systems Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Intelligent Transportation Systems Market Size and Volume Forecast by Applications
8.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Intelligent Transportation Systems Demand Share Forecast, 2019-2026
9. Europe Intelligent Transportation Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Intelligent Transportation Systems Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Intelligent Transportation Systems Market Size and Volume Forecast by Applications
9.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Intelligent Transportation Systems Demand Share Forecast, 2019-2026
10. Asia Pacific Intelligent Transportation Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Intelligent Transportation Systems Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Intelligent Transportation Systems Market Size and Volume Forecast by Applications
10.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Intelligent Transportation Systems Demand Share Forecast, 2019-2026
11. Middle East & Africa Intelligent Transportation Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Intelligent Transportation Systems Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Intelligent Transportation Systems Market Size and Volume Forecast by Applications
11.4.1. Fleet Management & Asset Monitoring Traffic Monitoring Systems Traffic Signal Control Systems Parking Convenience Systems Traffic Enforcement Camera Accident Avoidance Systems
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Intelligent Transportation Systems Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Intelligent Transportation Systems Market: Market Share Analysis
12.2. Intelligent Transportation Systems Distributors and Customers
12.3. Intelligent Transportation Systems Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. DENSO Corporation TomTom NV TransCore Kapsch TrafficCom AG Thales SA
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