Intelligent Transportation Systems Market

Intelligent Transportation Systems Market 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

  • Report ID: ICT-SE-1904
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 190
  • Format:
  • Pub. Date: Upcoming
  • Share:

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 Market Key Takeaways

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.

Intelligent Transportation Systems Market By Systems

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.

Intelligent Transportation Systems Market By Applications

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.

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
Segments Covered in the Report
The 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
Components
  • Interface Boards
  • Sensors
  • Software
  • Surveillance Cameras
  • Telecommunication Networks
  • Monitoring and Detection Systems
  • Others
Applications
  • Fleet Management & Asset Monitoring
  • Traffic Monitoring Systems
  • Traffic Signal Control Systems
  • Parking Convenience Systems
  • Traffic Enforcement Camera
  • Accident Avoidance Systems
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • DENSO Corporation
  • TomTom NV
  • TransCore
  • Kapsch TrafficCom AG
  • Thales SA

Key players competing in the intelligent transportation systems market include DENSO Corporation, TomTom NV, TransCore, Kapsch TrafficCom AG, and Thales SA

Intelligent Transportation Systems Market By Key Players

Buy Report