Intelligent Transportation System (ITS) Market Size - By Mode of Transport (Roadways, Railways, Airways, Marine) & Growth Potential, Reginal Analysis & Global Forecast, 2023

Description

Global Intelligent Transportation System (ITS) Market Size will grow at 8.8% CAGR from 2023 to 2032, credited to the increasing investments in railway infrastructure in Europe. As European nations prioritize modernizing and expanding their rail networks, the demand for advanced technologies, including ITS, is surging.

For instance, in April 2023, Croatia unveiled intentions to allocate over €4 billion for rail infrastructure investments over the next ten years, aiming to bolster the development of the unified European rail market. The initiation of a significant renovation and reconstruction program for local and regional railways is scheduled for 2024. Simultaneously, negotiations with international financial institutions are underway to secure funding for the restoration of approximately 800km to 1000km of local and regional rail lines within the next ten years. ITS solutions offer efficient traffic management, enhanced safety, and improved passenger experience, aligning perfectly with the evolving needs of the expanding railway infrastructure, thus fostering market growth.

The overall intelligent transportation system market share is classified based on mode of transport and region.

The railway segment will capture a notable revenue share by 2032. Intelligent Transportation Systems (ITS) are gaining popularity in railway applications due to their transformative impact on efficiency, safety, and passenger experience. With advanced technologies like real-time monitoring, predictive maintenance, and automated signaling, ITS enhances overall operational performance. Additionally, the integration of communication systems and data analytics optimizes traffic management and ensures timely responses to incidents. As railways globally embrace digitalization, the adoption of ITS becomes pivotal, fostering a modern and interconnected rail network for improved functionality and enhanced passenger satisfaction.

Europe Intelligent Transportation System (ITS) industry will experience robust growth throughout 2023-2032, propelled by the region's commitment to modernizing transportation networks. Notably, the European Commission's initiatives, such as the European Rail Traffic Management System (ERTMS), emphasize the integration of intelligent solutions for safer and more efficient railways. With increasing investments in smart infrastructure and a focus on sustainable mobility, countries like Germany, France, and the Netherlands are adopting ITS to enhance traffic management and optimize public transportation. This strategic alignment with smart transportation policies positions Europe at the forefront of the burgeoning ITS industry, fostering innovation and widespread implementation.

Product Code: 178

Chapter 1 Methodology & Scope

1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Intelligent transportation system market 360 Degree synopsis, 2018 - 2032
2.2 Business Trends
- 2.2.1 Total Addressable Market (TAM)
2.3 Regional trends
2.4 Mode of transport trends

Chapter 3 Intelligent Transportation System Market Industry Insights

3.1 Impact of COVID-19
3.2 Impact of Russia-Ukraine war
3.3 Industry ecosystem analysis
- 3.3.1 Raw material suppliers
- 3.3.2 Component suppliers
- 3.3.3 Manufacturers
- 3.3.4 Technology/software providers
- 3.3.5 System integrators
- 3.3.6 Service providers
- 3.3.7 Government agencies
- 3.3.8 Financial authorities
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
- 3.10.1 Growth drivers
  - 3.10.1.1 Government funding and PPP models
  - 3.10.1.2 Demand for Pay-as-you-go ticketing service among commuters in Europe and North America
  - 3.10.1.3 Rise in favorable government initiatives for effective traffic management in North America and Asia Pacific
  - 3.10.1.4 Growing investment in railway infrastructure in Europe
  - 3.10.1.5 Rapidly growing urbanization and rising smart city projects in Asia Pacific
- 3.10.2 Industry pitfalls & challenges
  - 3.10.2.1 Integration complexities with legacy systems
  - 3.10.2.2 High cost of maritime equipment High installation cost and data complexity
3.11 Growth potential analysis
3.12 Porter's analysis
3.13 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
- 4.3.1 Cisco Systems Inc.
- 4.3.2 Garmin Ltd.
- 4.3.3 Indra Sistemas, S.A.
- 4.3.4 Kapsch Group
- 4.3.5 Raytheon Technologies
- 4.3.6 Siemens AG
- 4.3.7 Thales Group
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022

Chapter 5 Intelligent Transportation System Market Estimates & Forecast, By Mode of Transport (USD Million)

5.1 Key trends, by mode of transport
5.2 Roadways
5.3 Railways
5.4 Airways
5.5 Maritime

Chapter 6 Intelligent Transportation System Market Estimates & Forecast, By Roadways (USD Million)

6.1 Key trends, by roadways
6.2 System
- 6.2.1 Advanced Traffic Management System (ATMS)
- 6.2.2 Advanced Traveler Information System (ATIS)
- 6.2.3 Advanced Transportation Pricing System (ATPS)
- 6.2.4 Advanced Public Transport System (APTS)
- 6.2.5 Advanced Rural Transportation System (ARTS)
- 6.2.6 Commercial Vehicle Operation (CVO)
6.3 Component
- 6.3.1 Hardware
  - 6.3.1.1 Telecommunication network
  - 6.3.1.2 Interface boards
  - 6.3.1.3 Sensors
  - 6.3.1.4 Monitoring & detection system
  - 6.3.1.5 Surveillance camera
- 6.3.2 Software
  - 6.3.2.1 Visualization software
  - 6.3.2.2 Video detection management software
  - 6.3.2.3 Transit management system
  - 6.3.2.4 Others
- 6.3.3 Services
  - 6.3.3.1 Professional services
  - 6.3.3.2 Installation, maintenance, and operation
6.4 Application
- 6.4.1 Traffic management
- 6.4.2 Road safety
- 6.4.3 Freight management
- 6.4.4 Parking management
- 6.4.5 Road user charging/ETC
- 6.4.6 Telematics

Chapter 7 Intelligent Transportation System Market Estimates & Forecast, By Railways (USD Million)

7.1 Key trends, by railways
7.2 Component
- 7.2.1 Solution
  - 7.2.1.1 Rail traffic management
  - 7.2.1.2 Asset management software
  - 7.2.1.3 Rail communication and networking
  - 7.2.1.4 Real-time passenger information system
  - 7.2.1.5 Rail analytics
- 7.2.2 Services
  - 7.2.2.1 Professional services
  - 7.2.2.2 Installation, maintenance, and operation
7.3 Application
- 7.3.1 Smart ticketing
- 7.3.2 Passenger information system
- 7.3.3 Operation & collision avoidance
- 7.3.4 Security
- 7.3.5 Emergency notification
- 7.3.6 Others

Chapter 8 Intelligent Transportation System Market Estimates & Forecast, By Airways (USD Million)

8.1 Key trends, by airways
8.2 System
- 8.2.1 Information display system
- 8.2.2 Tracking and monitoring system
- 8.2.3 Self-service baggage system
- 8.2.4 Kiosks
- 8.2.5 Communication and networking
- 8.2.6 Smart gate system
- 8.2.7 Others
8.3 Application
- 8.3.1 Security
- 8.3.2 Smart ticketing
- 8.3.3 Bus tracking
- 8.3.4 Fleet management (aircraft management)
- 8.3.5 Emergency notification
- 8.3.6 Passenger information
- 8.3.7 Others

Chapter 9 Intelligent Transportation System Market Estimates & Forecast, By Maritime (USD Million)

9.1 Key trends, by maritime
9.2 System
- 9.2.1 Maritime navigation and information system
- 9.2.2 Tracking and monitoring system
- 9.2.3 Vessel traffic management system
9.3 Application
- 9.3.1 Freight movement (container)
- 9.3.2 Security and emergency notification
- 9.3.3 Weather information
- 9.3.4 Marine arrival and transit
- 9.3.5 Others

Chapter 10 Intelligent Transportation System Market Estimates & Forecast, By Region (USD Million)

10.1 Key trends, by region
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Singapore
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Argentina
- 10.5.3 Mexico
- 10.5.4 Colombia
10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
- 10.6.4 Israel

Chapter 11 Company Profiles

11.1 Alstom SA
11.2 Cisco Systems Inc.
11.3 Cubic Corporation
11.4 ETA Transit Systems
11.5 Embross
11.6 FURUNO ELECTRIC CO., LTD
11.7 Garmin Limited
11.8 Indra Sistemas, S.A
11.9 Kapsch Group
11.10 Kongsberg Gruppen ASA
11.11 Kyosan Electric Manufacturing Co., Ltd.
11.12 Lanner Electronics
11.13 Nisshinbo Holdings Inc.
11.14 Northrop Grumman Corporation
11.15 Q-Free ASA
11.16 Raytheon Technologies
11.17 Siemens AG
11.18 Teledyne FLIR LLC
11.19 Thales Group
11.20 Xerox Corporation

Intelligent Transportation System (ITS) Market Size - By Mode of Transport (Roadways, Railways, Airways, Marine) & Growth Potential, Reginal Analysis & Global Forecast, 2023 - 2032