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PUBLISHER: IMARC | PRODUCT CODE: 1308480

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PUBLISHER: IMARC | PRODUCT CODE: 1308480

Intelligent Transport Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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Market Overview:

The global intelligent transport systems market size reached US$ 40.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 69.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.3% during 2023-2028.

The Intelligent Transport System (ITS) refers to a system that utilizes visual, analytical, control and communication technologies to manage different modes of on-road transportation efficiently. It is not only embedded within a vehicle but also in the infrastructure facilities to enhance on-road safety and achieve traffic efficiency by minimizing traffic problems. It uses various equipment such as ramp meters, electronic toll collectors, traffic light cameras, traffic-signal coordinators, transit signal systems and traveler-information systems.

The increasing number of smart cities, along with unprecedented population growth leading to widespread traffic congestion, are the key factors driving the market growth. The ITS significantly aids in the effective management of on-road traffic through Global Positioning System (GPS), Dedicated Short Range Communication (DSRC) and Carrier Access for Land Mobiles (CALM). Additionally, increasing occurrence of deaths due to road accidents have driven the demand for ITS across the globe. Advanced features such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication is creating a positive outlook for the market. These features provide real-time information to travelers about road conditions and construction zones, along with seat availability and timings of public modes of transport, thus enhancing the overall on-road safety and reducing the chances of fatalities while reducing the travel time. Moreover, increasing focus on research and development (R&D) in both the public and private sectors to incorporate more enhanced features is also contributing to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global intelligent transport systems market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on mode of transport, product, protocol, offering and application.

Breakup by Mode of Transport:

Roadways

Railways

Airways

Breakup by Product:

Network Management Systems

Advanced Traffic Management Systems (ATMS)

Road User Charging, Congestion Charging, etc.

Freight and Commercial Systems

Public Transport Systems

Security and Crime Reduction Systems

Automotive and Infotainment Systems

Road Safety Systems

Communications Systems

Breakup by Protocol:

Short Range

Wave (IEEE 802.11)

Wpan (IEEE 802.15)

Long Range

Wimax (IEEE 802.11)

Ofdm

IEEE 1512

Traffic Management Data Dictionary (TMDD)

Others

Breakup by Offering:

Hardware

Interface Board

Sensor

Surveillance Camera

Telecommunication Network

Monitoring and Detection System

Others

Software

Visualization Software

Video Detection Management Software

Transit Management System

Others

Services

Business and Cloud Services

Support and Maintenance Services

Breakup by Application:

Fleet Management and Asset Monitoring

Intelligent Traffic Control

Collision Avoidance

Parking Management

Passenger Information Management

Ticketing Management

Emergency Vehicle Notification

Automotive Telematics

Breakup by Region:

North America

Asia Pacific

Europe

Middle East and Africa

Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Siemens AG, Thales Group, Garmin Ltd., Cubic Corporation, FLIR Systems, Lanner Electronics, DENSO Corporation, International Business Machines (IBM) Corporation, ADDCO Acquisition, LLC, TomTom N.V., Kapsch TrafficCom AG, Iteris, Inc., Q-Free ASA, Efkon GmbH, GeoToll , Inc., ElectricFeel AG, Doublemap, LLC, BestMile Sarl, Aptiv PLC (nuTonomy), etc.

Key Questions Answered in This Report

  • 1. What was the size of the global intelligent transport systems market in 2022?
  • 2. What is the expected growth rate of the global intelligent transport systems market during 2023-2028?
  • 3. What has been the impact of COVID-19 on the global intelligent transport systems market?
  • 4. What are the key factors driving the global intelligent transport systems market?
  • 5. What is the breakup of the global intelligent transport systems market based on the mode of transport?
  • 6. What is the breakup of the global intelligent transport systems market based on the product?
  • 7. What is the breakup of the global intelligent transport systems market based on the offering?
  • 8. What is the breakup of the global intelligent transport systems market based on the application?
  • 9. What are the key regions in the global intelligent transport systems market?
  • 10. Who are the key players/companies in the global intelligent transport systems market?
Product Code: SR112023A1544

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Intelligent Transport Systems Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Mode of Transport
  • 5.5 Market Breakup by Product
  • 5.6 Market Breakup by Protocol
  • 5.7 Market Breakup by Offering
  • 5.8 Market Breakup by Application
  • 5.9 Market Breakup by Region
  • 5.10 Market Forecast

6 Market Breakup by Mode of Transport

  • 6.1 Roadways
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Railways
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Airways
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Product

  • 7.1 Network Management Systems
    • 7.1.1 Market Trends
    • 7.1.2 Market Breakup by Type
      • 7.1.2.1 Advanced Traffic Management Systems (ATMS)
      • 7.1.2.2 Road User Charging, Congestion Charging, etc.
    • 7.1.3 Market Forecast
  • 7.2 Freight and Commercial Systems
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Public Transport Systems
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Security and Crime Reduction Systems
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Automotive and Infotainment Systems
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast
  • 7.6 Road Safety Systems
    • 7.6.1 Market Trends
    • 7.6.2 Market Forecast
  • 7.7 Communications Systems
    • 7.7.1 Market Trends
    • 7.7.2 Market Forecast

8 Market Breakup by Protocol

  • 8.1 Short Range
    • 8.1.1 Market Trends
    • 8.1.2 Market Breakup by Type
      • 8.1.2.1 Wave (IEEE 802.11)
      • 8.1.2.2 Wpan (IEEE 802.15)
    • 8.1.3 Market Forecast
  • 8.2 Long Range
    • 8.2.1 Market Trends
    • 8.2.2 Market Breakup by Type
      • 8.2.2.1 Wimax (IEEE 802.11)
      • 8.2.2.2 Ofdm
    • 8.2.3 Market Forecast
  • 8.3 IEEE 1512
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Traffic Management Data Dictionary (TMDD)
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Offering

  • 9.1 Hardware
    • 9.1.1 Market Trends
    • 9.1.2 Market Breakup by Type
      • 9.1.2.1 Interface Board
      • 9.1.2.2 Sensor
      • 9.1.2.3 Surveillance Camera
      • 9.1.2.4 Telecommunication Network
      • 9.1.2.5 Monitoring and Detection System
      • 9.1.2.6 Others
    • 9.1.3 Market Forecast
  • 9.2 Software
    • 9.2.1 Market Trends
    • 9.2.2 Market Breakup by Type
      • 9.2.2.1 Visualization Software
      • 9.2.2.2 Video Detection Management Software
      • 9.2.2.3 Transit Management System
      • 9.2.2.4 Others
    • 9.2.3 Market Forecast
  • 9.3 Services
    • 9.3.1 Market Trends
    • 9.3.2 Market Breakup by Type
      • 9.3.2.1 Business and Cloud Services
      • 9.3.2.2 Support and Maintenance Services
    • 9.3.3 Market Forecast

10 Market Breakup by Application

  • 10.1 Fleet Management and Asset Monitoring
    • 10.1.1 Market Trends
    • 10.1.2 Market Forecast
  • 10.2 Intelligent Traffic Control
    • 10.2.1 Market Trends
    • 10.2.2 Market Forecast
  • 10.3 Collision Avoidance
    • 10.3.1 Market Trends
    • 10.3.2 Market Forecast
  • 10.4 Parking Management
    • 10.4.1 Market Trends
    • 10.4.2 Market Forecast
  • 10.5 Passenger Information Management
    • 10.5.1 Market Trends
    • 10.5.2 Market Forecast
  • 10.6 Ticketing Management
    • 10.6.1 Market Trends
    • 10.6.2 Market Forecast
  • 10.7 Emergency Vehicle Notification
    • 10.7.1 Market Trends
    • 10.7.2 Market Forecast
  • 10.8 Automotive Telematics
    • 10.8.1 Market Trends
    • 10.8.2 Market Forecast

11 Market Breakup by Region

  • 11.1 North America
    • 11.1.1 Market Trends
    • 11.1.2 Market Forecast
  • 11.2 Asia Pacific
    • 11.2.1 Market Trends
    • 11.2.2 Market Forecast
  • 11.3 Europe
    • 11.3.1 Market Trends
    • 11.3.2 Market Forecast
  • 11.4 Middle East and Africa
    • 11.4.1 Market Trends
    • 11.4.2 Market Forecast
  • 11.5 Latin America
    • 11.5.1 Market Trends
    • 11.5.2 Market Forecast

12 SWOT Analysis

  • 12.1 Overview
  • 12.2 Strengths
  • 12.3 Weaknesses
  • 12.4 Opportunities
  • 12.5 Threats

13 Value Chain Analysis

14 Porters Five Forces Analysis

  • 14.1 Overview
  • 14.2 Bargaining Power of Buyers
  • 14.3 Bargaining Power of Suppliers
  • 14.4 Degree of Competition
  • 14.5 Threat of New Entrants
  • 14.6 Threat of Substitutes

15 Price Analysis

16 Competitive Landscape

  • 16.1 Market Structure
  • 16.2 Key Players
  • 16.3 Profiles of Key Players
    • 16.3.1 Siemens AG
    • 16.3.2 Thales Group
    • 16.3.3 Garmin Ltd.
    • 16.3.4 Cubic Corporation
    • 16.3.5 FLIR Systems
    • 16.3.6 Lanner Electronics
    • 16.3.7 DENSO Corporation
    • 16.3.8 International Business Machines (IBM) Corporation
    • 16.3.9 ADDCO Acquisition, LLC
    • 16.3.10 TomTom N.V.
    • 16.3.11 Kapsch TrafficCom AG
    • 16.3.12 Iteris, Inc.
    • 16.3.13 Q-Free ASA
    • 16.3.14 Efkon GmbH
    • 16.3.15 GeoToll , Inc.
    • 16.3.16 ElectricFeel AG
    • 16.3.17 Doublemap, LLC
    • 16.3.18 BestMile Sarl
    • 16.3.19 Aptiv PLC (nuTonomy)
Product Code: SR112023A1544

List of Figures

  • Figure 1: Global: Intelligent Transport Systems Market: Major Drivers and Challenges
  • Figure 2: Global: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2017-2022
  • Figure 3: Global: Intelligent Transport Systems Market: Breakup by Mode of Transport (in %), 2022
  • Figure 4: Global: Intelligent Transport Systems Market: Breakup by Product (in %), 2022
  • Figure 5: Global: Intelligent Transport Systems Market: Breakup by Protocol (in %), 2022
  • Figure 6: Global: Intelligent Transport Systems Market: Breakup by Offering (in %), 2022
  • Figure 7: Global: Intelligent Transport Systems Market: Breakup by Application (in %), 2022
  • Figure 8: Global: Intelligent Transport Systems Market: Breakup by Region (in %), 2022
  • Figure 9: Global: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 10: Global: Intelligent Transport Systems Industry: SWOT Analysis
  • Figure 11: Global: Intelligent Transport Systems Industry: Value Chain Analysis
  • Figure 12: Global: Intelligent Transport Systems Industry: Porter's Five Forces Analysis
  • Figure 13: Global: Intelligent Transport Systems (Roadways) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 14: Global: Intelligent Transport Systems (Roadways) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 15: Global: Intelligent Transport Systems (Railways) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 16: Global: Intelligent Transport Systems (Railways) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 17: Global: Intelligent Transport Systems (Airways) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 18: Global: Intelligent Transport Systems (Airways) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 19: Global: Intelligent Transport Systems (Network Management) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 20: Global: Intelligent Transport Systems (Network Management) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 21: Global: Intelligent Transport Systems (Freight and Commercial) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 22: Global: Intelligent Transport Systems (Freight and Commercial) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 23: Global: Intelligent Transport Systems (Public Transport) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 24: Global: Intelligent Transport Systems (Public Transport) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 25: Global: Intelligent Transport Systems (Security and Crime Reduction) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 26: Global: Intelligent Transport Systems (Security and Crime Reduction) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 27: Global: Intelligent Transport Systems (Automotive and Infotainment) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 28: Global: Intelligent Transport Systems (Automotive and Infotainment) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 29: Global: Intelligent Transport Systems (Road Safety) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 30: Global: Intelligent Transport Systems (Road Safety) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 31: Global: Intelligent Transport Systems (Communications) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 32: Global: Intelligent Transport Systems (Communications) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 33: Global: Intelligent Transport Systems (Short Range) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 34: Global: Intelligent Transport Systems (Short Range) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 35: Global: Intelligent Transport Systems (Long Range) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 36: Global: Intelligent Transport Systems (Long Range) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 37: Global: Intelligent Transport Systems (IEEE 1512) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 38: Global: Intelligent Transport Systems (IEEE 1512) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 39: Global: Intelligent Transport Systems (Traffic Management Data Dictionary) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 40: Global: Intelligent Transport Systems (Traffic Management Data Dictionary) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 41: Global: Intelligent Transport Systems (Other Protocols) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 42: Global: Intelligent Transport Systems (Other Protocols) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 43: Global: Intelligent Transport Systems (Hardware) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 44: Global: Intelligent Transport Systems (Hardware) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 45: Global: Intelligent Transport Systems (Software) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 46: Global: Intelligent Transport Systems (Software) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 47: Global: Intelligent Transport Systems (Services) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 48: Global: Intelligent Transport Systems (Services) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 49: Global: Intelligent Transport Systems (Fleet Management and Asset Monitoring) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 50: Global: Intelligent Transport Systems (Fleet Management and Asset Monitoring) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 51: Global: Intelligent Transport Systems (Intelligent Traffic Control) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 52: Global: Intelligent Transport Systems (Intelligent Traffic Control) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 53: Global: Intelligent Transport Systems (Collision Avoidance) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 54: Global: Intelligent Transport Systems (Collision Avoidance) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 55: Global: Intelligent Transport Systems (Parking Management) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 56: Global: Intelligent Transport Systems (Parking Management) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 57: Global: Intelligent Transport Systems (Passenger Information Management) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 58: Global: Intelligent Transport Systems (Passenger Information Management) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 59: Global: Intelligent Transport Systems (Ticketing Management) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 60: Global: Intelligent Transport Systems (Ticketing Management) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 61: Global: Intelligent Transport Systems (Emergency Vehicle Notification) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 62: Global: Intelligent Transport Systems (Emergency Vehicle Notification) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 63: Global: Intelligent Transport Systems (Automotive Telematics) Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 64: Global: Intelligent Transport Systems (Automotive Telematics) Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 65: North America: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 66: North America: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 67: Asia Pacific: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 68: Asia Pacific: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 69: Europe: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 70: Europe: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 71: Middle East and Africa: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 72: Middle East and Africa: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2023-2028
  • Figure 73: Latin America: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2017 & 2022
  • Figure 74: Latin America: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2023-2028

List of Tables

  • Table 1: Global: Intelligent Transport Systems Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Intelligent Transport Systems Market Forecast: Breakup by Mode of Transport (in Billion US$), 2023-2028
  • Table 3: Global: Intelligent Transport Systems Market Forecast: Breakup by Product (in Billion US$), 2023-2028
  • Table 4: Global: Intelligent Transport Systems Market Forecast: Breakup by Protocol (in Billion US$), 2023-2028
  • Table 5: Global: Intelligent Transport Systems Market Forecast: Breakup by Offering (in Billion US$), 2023-2028
  • Table 6: Global: Intelligent Transport Systems Market Forecast: Breakup by Application (in Billion US$), 2023-2028
  • Table 7: Global: Intelligent Transport Systems Market Forecast: Breakup by Region (in Billion US$), 2023-2028
  • Table 8: Global: Intelligent Transport Systems Market Structure
  • Table 9: Global: Intelligent Transport Systems Market: Key Players
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