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Global Intelligent Transportation System (ITS) Market – Industry Trends and Forecast to 2028

  • Automotive
  • Upcoming Report
  • May 2021
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Intelligent Transportation System (ITS) Market, By Offering (Hardware, Software, Services), System (Advanced Traffic Management System, Advanced Traveler Information System, ITS-Enabled Transportation Pricing System, Advanced Public Transportation System, Commercial Vehicle Operation), Application (Fleet Management and Asset Monitoring, Intelligent Traffic Control, Collision Avoidance, Parking Management, Passenger Information Management, Ticketing Management, Emergency Vehicle Notification, Automotive Telematics), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028            

Intelligent Transportation System (ITS) Market Market Analysis and Insights : Global Intelligent Transportation System (ITS) Market

The intelligent transportation system (ITS) market is expected to witness market growth at a rate of 18.2% in the forecast period of 2021 to 2028. Data Bridge Market Research report on intelligent transportation system (ITS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.      

Intelligent transportation system or ITS is an advanced technology created to sense, analyse and control transit networks to enhance transportation quality and safety.

Major factor that are expected to boost the growth of the intelligent transportation system (ITS) market in the forecast period are the rising issues towards the public security, increasing of traffic congestion and the growing of suitable government initiatives for effective traffic management. Furthermore, the rising implementation of eco-friendly automobile technology and the expansion of smart cities globally are further anticipated to propel the growth of the intelligent transportation system (ITS) market.

On the other hand, increase in the cost of the installation and slow-growing infrastructure sector are further estimated to impede the growth of the intelligent transportation system (ITS) market in the timeline period. In addition, the creating and developing of smart vehicles that are compatible with the intelligent transportation system and the growing of public–private partnerships (PPPS) will further provide growth opportunities for the intelligent transportation system in the coming years. However, accomplishing interoperable and standard intelligent transportation system architecture around the globe might further challenge the growth of the intelligent transportation system (ITS) market in the near future.

This intelligent transportation system (ITS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the intelligent transportation system (ITS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Intelligent Transportation System (ITS) Market Scope and Market Size

The intelligent transportation system (ITS) market is segmented on the basis of offering, system and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets. 

  • On the basis of offering, the intelligent transportation system (ITS) market is segmented into hardware, software, services. Hardware is further sub segmented into interface board, sensor, surveillance camera, telecommunication network, monitoring and detection system and others. Software is further sub segmented into visualization software, video detection management software, transit management system and others. Services is further sub segmented into business and cloud services and support and maintenance services. Interface board is further sub segmented into multifunctional board, vehicle detection board, communication board. Sensor is further sub segmented into vehicle detection sensor, pedestrian presence sensor, and speed sensor. Surveillance camera is further sub segmented into thermal camera and aid camera. Telecommunication network is further sub segmented into fiber optics, copper line, and wireless media. Monitoring and detection system is further sub segmented into automatic number plate detection and intelligent traffic controller. Others is further sub segmented into linked traffic controller and variable message sign.
  • On the basis of system, the intelligent transportation system (ITS) market is segmented into advanced traffic management system, advanced traveller information system, ITS-enabled transportation pricing system, advanced public transportation system, commercial vehicle operation. Advanced traveller information system is further sub segmented into vehicle-to-vehicle (V2V) communication, vehicle-to-infrastructure (V2I) communication and vehicle-to-everything (V2X) communication.
  • On the basis of application, the intelligent transportation system (ITS) market is segmented into fleet management and asset monitoring, intelligent traffic control, collision avoidance, parking management, passenger information management, ticketing management, emergency vehicle notification, and automotive telematics.

Intelligent Transportation System (ITS) Market Country Level Analysis

The intelligent transportation system (ITS) market is analysed and market size, volume information is provided by country, offering, system and application as referenced above.       

The countries covered in the intelligent transportation system (ITS) market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the intelligent transportation system (ITS) market due to the heavy investment in the research and development, deployment and the high adoption of intelligent transportation systems. Furthermore, the innovations in the communication technologies like the radio and mobile possessing short-range dedicated technology are assisting drivers, transit passengers, freight operators, and transport authorities for vehicle-to-vehicle communication will further boost the growth of the intelligent transportation system (ITS) market in the region during the forecast period. Asia Pacific is projected to observe significant amount of growth in the intelligent transportation system (ITS) market due to the economic benefits of intelligent transportation system deployment. Moreover, the in-vehicle and cooperative systems offer financial advantages to the vehicle owners but also assist to lessen the travel time and the overall fuel consumption, and help in preventing congested routes which is further anticipated to propel the growth of the intelligent transportation system (ITS) market in the region in the near future.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Intelligent Transportation System (ITS) Market Share Analysis

The intelligent transportation system (ITS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to intelligent transportation system (ITS) market.

The major players covered in the intelligent transportation system (ITS) market report are Thales Group, Siemens, Garmin Ltd., Cubic Corporation, EFKON, TomTom International BV., FLIR Systems, Inc., GeoToll, ElectricFeel AG, DENSO CORPORATION, DoubleMap, Bestmile SA, nuTonomy, Iteris, Inc., Ricardo, TransCore, Lanner Electronics Incorporated, Savari, Inc., Agero, Inc., Hitachi Transport System, Ltd., Sensys Networks, Inc., Atkins, Conduent, Inc., Advantech Co., Ltd., Clever Devices Ltd, ETA Transit, GMV, Moxa Inc., PTV AG, RHYTHM ENGINEERING, Telegroup, Transmax Pty Ltd., Trapeze Software ULC, 3M, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Customization Available : Global Intelligent Transportation System (ITS) Market

Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.


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