Intelligent Transportation Systems Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component, By Mode of Transport, By Type, By Applications, By Region & Competition, 2021-2031F

Description

The Global Intelligent Transportation Systems Market will grow from USD 39.02 Billion in 2025 to USD 61.99 Billion by 2031 at a 8.02% CAGR. Intelligent Transportation Systems (ITS) are advanced applications that integrate information and communication technologies into transportation infrastructure and vehicles to enhance safety, efficiency, and sustainability.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 39.02 Billion
Market Size 2031	USD 61.99 Billion
CAGR 2026-2031	8.02%
Fastest Growing Segment	Advanced Traveler Information System (ATIS)
Largest Market	North America

Key Market Drivers

The imperative for enhanced road safety and accident prevention acts as a critical catalyst for the Global Intelligent Transportation Systems Market, compelling governments to modernize legacy infrastructure. With traffic incidents imposing severe social and economic burdens, regulatory bodies are increasingly mandating the deployment of automated detection and collision avoidance technologies to mitigate human error.

Key Market Challenges

The high capital investment required for infrastructure modernization constitutes a substantial barrier to the expansion of the Global Intelligent Transportation Systems market. Implementing smart mobility solutions demands not only the deployment of advanced digital layers-such as sensors, communication nodes, and data management centers-but often necessitates the retrofitting or complete overhaul of aging physical assets. This dual financial burden places immense strain on the budgets of municipalities and transportation authorities, forcing them to prioritize immediate structural repairs over technological upgrades.

Key Market Trends

The Integration of Electric Vehicle Charging with ITS Networks is becoming a pivotal trend as the transportation sector aligns with global sustainability goals and manages the operational demands of electrified fleets. This convergence allows for the real-time exchange of data between vehicles, charging stations, and the power grid, facilitating smart charging solutions that balance energy loads and provide drivers with accurate availability information to mitigate range anxiety.

Key Market Players

Hitachi, Ltd.
DENSO Corporation
Siemens AG
Thales Group
Kapsch TrafficCom AG
EFKON GmbH
Xerox Corporation
NVIDIA Corporation

Report Scope:

In this report, the Global Intelligent Transportation Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Intelligent Transportation Systems Market, By Component:

Hardware
Software
Services

Intelligent Transportation Systems Market, By Mode of Transport:

Roadways
Railways
Waterways
Airways

Intelligent Transportation Systems Market, By Type:

Advanced Traffic Management System (ATMS)
Advanced Traveler Information System (ATIS)
ITS-Enabled Transportation Pricing System (ITPS)
Advanced Public Transportation System (APTS)
Commercial Vehicle Operations (CVO) System

Intelligent Transportation Systems Market, By Applications:

Traffic Management
Road Safety and Security
Freight Management
Public Transport
Environment Protection

Intelligent Transportation Systems Market, By Region:

North America
United States
Canada
Mexico
Europe
France
United Kingdom
Italy
Germany
Spain
Asia Pacific
China
India
Japan
Australia
South Korea
South America
Brazil
Argentina
Colombia
Middle East & Africa
South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Intelligent Transportation Systems Market.

Available Customizations:

Global Intelligent Transportation Systems Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Intelligent Transportation Systems Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Component (Hardware, Software, Services)
- 5.2.2. By Mode of Transport (Roadways, Railways, Waterways, Airways)
- 5.2.3. By Type (Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), ITS-Enabled Transportation Pricing System (ITPS), Advanced Public Transportation System (APTS), Commercial Vehicle Operations (CVO) System)
- 5.2.4. By Applications (Traffic Management, Road Safety and Security, Freight Management, Public Transport, Environment Protection)
- 5.2.5. By Region
- 5.2.6. By Company (2025)
5.3. Market Map

6. North America Intelligent Transportation Systems Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Mode of Transport
- 6.2.3. By Type
- 6.2.4. By Applications
- 6.2.5. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Intelligent Transportation Systems Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Component
    - 6.3.1.2.2. By Mode of Transport
    - 6.3.1.2.3. By Type
    - 6.3.1.2.4. By Applications
- 6.3.2. Canada Intelligent Transportation Systems Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Component
    - 6.3.2.2.2. By Mode of Transport
    - 6.3.2.2.3. By Type
    - 6.3.2.2.4. By Applications
- 6.3.3. Mexico Intelligent Transportation Systems Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Component
    - 6.3.3.2.2. By Mode of Transport
    - 6.3.3.2.3. By Type
    - 6.3.3.2.4. By Applications

7. Europe Intelligent Transportation Systems Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Mode of Transport
- 7.2.3. By Type
- 7.2.4. By Applications
- 7.2.5. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Intelligent Transportation Systems Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component
    - 7.3.1.2.2. By Mode of Transport
    - 7.3.1.2.3. By Type
    - 7.3.1.2.4. By Applications
- 7.3.2. France Intelligent Transportation Systems Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component
    - 7.3.2.2.2. By Mode of Transport
    - 7.3.2.2.3. By Type
    - 7.3.2.2.4. By Applications
- 7.3.3. United Kingdom Intelligent Transportation Systems Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component
    - 7.3.3.2.2. By Mode of Transport
    - 7.3.3.2.3. By Type
    - 7.3.3.2.4. By Applications
- 7.3.4. Italy Intelligent Transportation Systems Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Component
    - 7.3.4.2.2. By Mode of Transport
    - 7.3.4.2.3. By Type
    - 7.3.4.2.4. By Applications
- 7.3.5. Spain Intelligent Transportation Systems Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Component
    - 7.3.5.2.2. By Mode of Transport
    - 7.3.5.2.3. By Type
    - 7.3.5.2.4. By Applications

8. Asia Pacific Intelligent Transportation Systems Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Mode of Transport
- 8.2.3. By Type
- 8.2.4. By Applications
- 8.2.5. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Intelligent Transportation Systems Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component
    - 8.3.1.2.2. By Mode of Transport
    - 8.3.1.2.3. By Type
    - 8.3.1.2.4. By Applications
- 8.3.2. India Intelligent Transportation Systems Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component
    - 8.3.2.2.2. By Mode of Transport
    - 8.3.2.2.3. By Type
    - 8.3.2.2.4. By Applications
- 8.3.3. Japan Intelligent Transportation Systems Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component
    - 8.3.3.2.2. By Mode of Transport
    - 8.3.3.2.3. By Type
    - 8.3.3.2.4. By Applications
- 8.3.4. South Korea Intelligent Transportation Systems Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component
    - 8.3.4.2.2. By Mode of Transport
    - 8.3.4.2.3. By Type
    - 8.3.4.2.4. By Applications
- 8.3.5. Australia Intelligent Transportation Systems Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component
    - 8.3.5.2.2. By Mode of Transport
    - 8.3.5.2.3. By Type
    - 8.3.5.2.4. By Applications

9. Middle East & Africa Intelligent Transportation Systems Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Mode of Transport
- 9.2.3. By Type
- 9.2.4. By Applications
- 9.2.5. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Intelligent Transportation Systems Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component
    - 9.3.1.2.2. By Mode of Transport
    - 9.3.1.2.3. By Type
    - 9.3.1.2.4. By Applications
- 9.3.2. UAE Intelligent Transportation Systems Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component
    - 9.3.2.2.2. By Mode of Transport
    - 9.3.2.2.3. By Type
    - 9.3.2.2.4. By Applications
- 9.3.3. South Africa Intelligent Transportation Systems Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component
    - 9.3.3.2.2. By Mode of Transport
    - 9.3.3.2.3. By Type
    - 9.3.3.2.4. By Applications

10. South America Intelligent Transportation Systems Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Mode of Transport
- 10.2.3. By Type
- 10.2.4. By Applications
- 10.2.5. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Intelligent Transportation Systems Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component
    - 10.3.1.2.2. By Mode of Transport
    - 10.3.1.2.3. By Type
    - 10.3.1.2.4. By Applications
- 10.3.2. Colombia Intelligent Transportation Systems Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component
    - 10.3.2.2.2. By Mode of Transport
    - 10.3.2.2.3. By Type
    - 10.3.2.2.4. By Applications
- 10.3.3. Argentina Intelligent Transportation Systems Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component
    - 10.3.3.2.2. By Mode of Transport
    - 10.3.3.2.3. By Type
    - 10.3.3.2.4. By Applications

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Intelligent Transportation Systems Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Hitachi, Ltd.
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. DENSO Corporation
15.3. Siemens AG
15.4. Thales Group
15.5. Kapsch TrafficCom AG
15.6. EFKON GmbH
15.7. Xerox Corporation
15.8. NVIDIA Corporation