Global Intelligent Transportation System ITS Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3995/- USD | Published Date: July 29, 2021 |

The global intelligent transportation system market size is anticipated to register a sustainable CAGR of around 7% during the forecast period 2021 to 2027. The increasing demand for traffic control systems and the rising adoption of smart vehicles around the globe is a primary factor to drive the market growth. Government regulation, supportive initiatives, and the development of smart cities are further expected to boost the market. Moreover, the increasing number of commercial vehicles around the world, lack of transportation infrastructure, and lack of traffic data management is further expected to uplift the market growth over the forecast period. In addition, the rising e-commerce and manufacturing activities are encouraging many logistics players to deploy monitoring and management systems which are expected to boost the market.

Market Segment Insights:

The global intelligent transportation system market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into ATIS, ATMS, ATPS, and others. The advanced traffic management system segment dominated the market in 2020 and accounted to hold s major market share of around one-third share of the market. The growing number of vehicles on the road coupled with the traffic congestions is expected to drive the segment growth. On the other hand, the advanced public transportation systems segment is estimated to grow at a significant growth rate over the forecast period.

On the basis of application, the market is segmented into traffic management, road safety and security, freight management, public transport, and others. The traffic management segment dominated the global intelligent transportation system market in 2020 and accounted to hold the largest revenue share of around one-third percent of the market. In contrast, the automotive telematics segment is expected to grow at the fastest growth rate over the forecast period. The increasing demand for driving assistance systems and autonomous driving systems are some major factors expected to drive the segment growth.

Intelligent Transportation System Market Analysis

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The intelligent transportation system comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The intelligent transportation system market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Intelligent Transportation System Market Segmentation:

By Type:

  • Advanced Traveler Information System (ATIS)
  • Advanced Traffic Management System (ATMS)
  • Advanced Transportation Pricing System (ATPS)
  • Advanced Public Transportation System (APTS)
  • Emergency Medical System (EMS)

By Application:

  • Traffic Management
  • Road Safety and Security
  • Freight Management
  • Public Transport
  • Environment Protection
  • Automotive Telematics
  • Parking Management
  • Road Tolling Systems

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, North America dominated the global intelligent transportation system market in 2020 and is expected to grow at the same trend over the forecast period. The early adoption of new technologies and the increasing adoption of smart vehicles and connected cars are some major factors that have contributed the market growth in the region. Furthermore, the government regulation regarding safety and surveillance is another major factor to fuel the market in North America. With the increasing incidence of vehicle theft and the rising concern of safety, the governments of various countries are mandating the installation of these telematics and safety devices, which is further expected to fuel the market.

Market Competition Assessment:

Some of the major players operating in the global intelligent transportation system market are Siemens AG, Thales Group, IBM Corporation, Cubic Corporation, and Denso Corporation. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Siemens AG
  • Thales Group
  • IBM Corporation
  • Cubic Corporation
  • Denso Corporation
  • Addco
  • Agero, Inc.
  • Hitachi, Ltd.
  • Garmin Ltd.
  • Xerox Corporation

Key Questions Answered by Intelligent Transportation System Market Report

  • Global intelligent transportation system market forecasts from 2021-2027
  • Regional intelligent transportation system market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Intelligent transportation system submarket forecasts from 2021-2027 covering the market by type, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the intelligent transportation system market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level intelligent transportation system markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the intelligent transportation system market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Intelligent Transportation System Market Portraiture
2.2. Global Intelligent Transportation System Market, by Type, 2020 (USD Mn)
2.3. Global Intelligent Transportation System Market, by Application, 2020 (USD Mn)
2.4. Global Intelligent Transportation System Market, by Geography, 2020 (USD Mn)

 

3. Global Intelligent Transportation System Market Analysis


3.1. Intelligent Transportation System Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Intelligent Transportation System Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Advanced Traveler Information System (ATIS)
4.3. Advanced Traffic Management System (ATMS)
4.4. Advanced Transportation Pricing System (ATPS)
4.5. Advanced Public Transportation System (APTS)
4.6. Emergency Medical System (EMS)

 

5. Global Intelligent Transportation System Market By Application, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Traffic Management
5.3. Road Safety and Security
5.4. Freight Management
5.5. Public Transport
5.6. Environment Protection
5.7. Automotive Telematics
5.8. Parking Management
5.9. Road Tolling Systems

 

6. North America Intelligent Transportation System Market Analysis and Forecast, 2018 – 2027 (USD Mn)


6.1.1. Overview
6.1.2. North America Intelligent Transportation System Market by Type (2018-2027 USD Mn)
6.1.3. North America Intelligent Transportation System Market by Application (2018-2027 USD Mn)
6.1.4. North America Intelligent Transportation System Market by Country (2018-2027 USD Mn)
6.1.4.1. U.S.
6.1.4.1.1. U.S. Intelligent Transportation System Market by Type (2018-2027 USD Mn)
6.1.4.1.2. U.S. Intelligent Transportation System Market by Application (2018-2027 USD Mn)
6.1.4.2. Canada
6.1.4.2.1. Canada Intelligent Transportation System Market by Type (2018-2027 USD Mn)
6.1.4.2.2. Canada Intelligent Transportation System Market by Application (2018-2027 USD Mn)

 

7. Europe Intelligent Transportation System Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. Europe Intelligent Transportation System Market by Type (2018-2027 USD Mn)
7.1.3. Europe Intelligent Transportation System Market by Application (2018-2027 USD Mn)
7.1.4. Europe Intelligent Transportation System Market by Country (2018-2027 USD Mn)
7.1.4.1. Germany
7.1.4.1.1. Germany Intelligent Transportation System Market by Type (2018-2027 USD Mn)
7.1.4.1.2. Germany Intelligent Transportation System Market by Application (2018-2027 USD Mn)
7.1.4.2. U.K.
7.1.4.2.1. U.K. Intelligent Transportation System Market by Type (2018-2027 USD Mn)
7.1.4.2.2. U.K. Intelligent Transportation System Market by Application (2018-2027 USD Mn)
7.1.4.3. France
7.1.4.3.1. France Intelligent Transportation System Market by Type (2018-2027 USD Mn)
7.1.4.3.2. France Intelligent Transportation System Market by Application (2018-2027 USD Mn)
7.1.4.4. Italy
7.1.4.4.1. Italy Intelligent Transportation System Market by Type (2018-2027 USD Mn)
7.1.4.4.2. Italy Intelligent Transportation System Market by Application (2018-2027 USD Mn)
7.1.4.5. Rest of Europe
7.1.4.5.1. Rest of Europe Intelligent Transportation System Market by Type (2018-2027 USD Mn)
7.1.4.5.2. Rest of Europe Intelligent Transportation System Market by Application (2018-2027 USD Mn)

 

8. Asia Pacific Intelligent Transportation System Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Asia Pacific Intelligent Transportation System Market by Type (2018-2027 USD Mn)
8.1.3. Asia Pacific Intelligent Transportation System Market by Application (2018-2027 USD Mn)
8.1.4. Asia Pacific Intelligent Transportation System Market by Country (2018-2027 USD Mn)
8.1.4.1. China
8.1.4.1.1. China Intelligent Transportation System Market by Type (2018-2027 USD Mn)
8.1.4.1.2. China Intelligent Transportation System Market by Application (2018-2027 USD Mn)
8.1.4.2. Japan
8.1.4.2.1. Japan Intelligent Transportation System Market by Type (2018-2027 USD Mn)
8.1.4.2.2. Japan Intelligent Transportation System Market by Application (2018-2027 USD Mn)
8.1.4.3. Rest of Asia Pacific
8.1.4.3.1. Rest of Asia Pacific Intelligent Transportation System Market by Type (2018-2027 USD Mn)
8.1.4.3.2. Rest of Asia Pacific Intelligent Transportation System Market by Application (2018-2027 USD Mn)

 

9. Latin America (LATAM) Intelligent Transportation System Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Latin America Intelligent Transportation System Market by Type (2018-2027 USD Mn)
9.1.3. Latin America Intelligent Transportation System Market by Application (2018-2027 USD Mn)
9.1.4. Latin America Intelligent Transportation System Market by Country (2018-2027 USD Mn)
9.1.4.1. Brazil
9.1.4.1.1. Brazil Intelligent Transportation System Market by Type (2018-2027 USD Mn)
9.1.4.1.2. Brazil Intelligent Transportation System Market by Application (2018-2027 USD Mn)
9.1.4.2. Mexico
9.1.4.2.1. Mexico Intelligent Transportation System Market by Type (2018-2027 USD Mn)
9.1.4.2.2. Mexico Intelligent Transportation System Market by Application (2018-2027 USD Mn)
9.1.4.3. Rest of Latin America
9.1.4.3.1. Rest of Latin America Intelligent Transportation System Market by Type (2018-2027 USD Mn)
9.1.4.3.2. Rest of Latin America Intelligent Transportation System Market by Application (2018-2027 USD Mn)

 

10. Middle East and Africa Intelligent Transportation System Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. MEA Intelligent Transportation System Market by Type (2018-2027 USD Mn)
10.1.3. MEA Intelligent Transportation System Market by Application (2018-2027 USD Mn)
10.1.4. Middle East and Africa Intelligent Transportation System Market, by Country (2018-2027 USD Mn)
10.1.4.1. GCC
10.1.4.1.1. GCC Intelligent Transportation System Market by Type (2018-2027 USD Mn)
10.1.4.1.2. GCC Intelligent Transportation System Market by Application (2018-2027 USD Mn)
10.1.4.2. South Africa
10.1.4.2.1. South Africa Intelligent Transportation System Market by Type (2018-2027 USD Mn)
10.1.4.2.2. South Africa Intelligent Transportation System Market by Application (2018-2027 USD Mn)
10.1.4.3. Rest of MEA
10.1.4.3.1. Rest of MEA Intelligent Transportation System Market by Type (2018-2027 USD Mn)
10.1.4.3.2. Rest of MEA Intelligent Transportation System Market by Application (2018-2027 USD Mn)

 

11. Company Profiles


11.1. Siemens AG
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Thales Group
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. IBM Corporation
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Cubic Corporation
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Denso Corporation
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Addco
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Agero, Inc.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Hitachi, Ltd.
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Garmin Ltd.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Xerox Corporation
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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