Global Internet of Things (IoT) Market in Intelligent Transportation Systems Size Study & Forecast, by Component, Product, Software, Service, Vertical, Application, and Regional Forecasts 2025-2035

The Global Internet of Things (IoT) Market in Intelligent Transportation Systems is valued at approximately USD 243.79 billion in 2024 and is poised to witness an impressive compound annual growth rate (CAGR) of 11.40% over the forecast period 2025-2035. The accelerated convergence of IoT with transportation ecosystems is not just a fleeting trend-it's transforming the very foundation of how mobility solutions are conceptualized and executed. Across global urban corridors, the demand for more intelligent, data-driven, and adaptive transportation systems has surged in tandem with population growth, infrastructure strain, and environmental concerns. IoT-enabled transportation systems are helping stakeholders-from governments to automotive OEMs-craft an integrated narrative of smart cities that are not only efficient but sustainable and user-centric.

With a steady uptick in smart mobility adoption, the market is experiencing profound traction owing to real-time analytics, automation, and edge computing, which collectively drive smarter traffic management, predictive maintenance, fleet monitoring, and incident detection. For instance, embedded sensors in vehicles and roadways transmit vast streams of data that optimize everything from traffic signal patterns to toll collection systems. Further intensifying this transformation are technologies such as ADAS, infotainment, and telematics, which are not only enhancing passenger comfort and safety but also redefining OEM strategies and aftermarket solutions. The advent of 5G, low-latency networks, and advancements in semiconductor components have dramatically amplified the capabilities of IoT in transportation, paving the way for highly responsive and adaptive systems that anticipate rather than react.

From a geographical lens, North America continues to lead the global market, owing to its early adoption of connected vehicle infrastructure, strong presence of key technology players, and progressive policy frameworks promoting smart mobility. Europe follows closely, underpinned by its focus on sustainable transportation and stringent carbon emission regulations, with Germany and the UK spearheading innovation hubs. However, Asia Pacific is projected to register the fastest growth rate throughout the forecast timeline, primarily due to rapid urbanization, heavy investment in smart city initiatives, and growing vehicle ownership in emerging economies such as China and India. Government-led initiatives like "Digital India" and "Smart Cities Mission" are further fueling momentum across the region.

Major market player included in this report are:

• Qualcomm Technologies, Inc.
• Intel Corporation
• IBM Corporation
• Cisco Systems, Inc.
• Siemens AG
• Thales Group
• AT&T Inc.
• Huawei Technologies Co., Ltd.
• TomTom International BV
• Bosch Software Innovations GmbH
• Hitachi Ltd.
• Verizon Communications Inc.
• Continental AG
• Robert Bosch GmbH
• Ericsson AB

Global Internet of Things (IoT) Market in Intelligent Transportation Systems Report Scope:

• Historical Data - 2023, 2024
• Base Year for Estimation - 2024
• Forecast period - 2025-2035
• Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
• Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
• Customization Scope - Free report customization (equivalent up to 8 analysts' working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players.

The detailed segments and sub-segments of the market are explained below:

By Component:

• Semiconductor Components
• Wireless/Cellular Components

By Product

By Software

By Service

By Vertical:

• Roadways
• Railways
• Airways

By Application:

• Telematics
• Infotainment
• ADAS

By Region:

• North America
• U.S.
• Canada
• Europe
• UK
• Germany
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of Middle East & Africa

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2025 to 2035.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with Country level analysis of major regions.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations on future market approach.
• Analysis of competitive structure of the market.
• Demand side and supply side analysis of the market.