Intelligent Transportation System (ITS) Market Size, Share, Growth Report 2030

Intelligent Transportation System (ITS) Market

Intelligent Transportation System (ITS) Market - By Type (ATIS, ATPS, EMS, ATMS, and APTS), By Application (Traffic Management, Freight Management, Road Safety & Security, Public Transport, Automotive Telematics, Road Tolling Systems, and Parking Management), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2028

Category: Automotive Report Format : PDF Pages: 120 Report Code: ZMR-6545 Published Date: Aug-2021 Status : Published
Market Size in 2020 Market Forecast in 2028 CAGR (in %) Base Year
USD 41.2 billion USD 74.1 billion  9.3% 2020

Intelligent Transportation System (ITS) Market

Introduction

The global intelligent transportation system (ITS) market size was worth around USD 41.2 Billion in 2020 and is predicted to grow to around USD 74.1 Billion by 2028 with a compound annual growth rate (CAGR) of roughly 9.3% between 2021 to 2028. The report offers assessment and analysis of the Intelligent Transportation System (ITS) market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Intelligent Transportation System (ITS) Market: Overview

An intelligent transportation system is a key application that offers new solutions pertaining to myriad transport modes & traffic management. It assists end-users in getting informed about safe as well as smart use of transportation network tools. Emergency services are one of the best examples of intelligent transportation systems.  According to EU, Intelligent transportation systems make utilization of information & communicating tools and find lucrative applications in road transportation and traffic management. Moreover, an intelligent transportation system improves transportation efficiency and helps in reducing traffic jams along with preventing vehicle collisions.

Global Intelligent Transportation SystemsRequest Free Sample

Intelligent Transportation System (ITS) Market: Growth Drivers

Escalating popularity of smart automotive embedded with modern telecom systems and enhanced surveillance due to innovative cameras will drive growth of intelligent transportation system (ITS) market size. Need for renovating aging infrastructure facility, increase in vehicles on roadways, and need for systematic as well as integrated traffic management activities will steer industry trends. In addition to this, many governments are enacting laws and schemes for implementing intelligent transportation systems, thereby spearheading expansion of intelligent transportation system (ITS) industry over assessment period. With traffic congestion due to rising population is projected to result in rise in fuel emissions as well as accidents. This has resulted in growing demand for intelligent transportation systems in recent years. Nevertheless, outbreak of COVID-19 pandemic has hindered expansion of intelligent transportation system (ITS) industry.

Intelligent Transportation System (ITS) Market: Report Scope

Report Attributes Report Details
Report Name Intelligent Transportation System (ITS) Market Research Report
Market Size in 2020 USD 41.2 billion
Market Forecast in 2028 USD 74.1 billion
Growth Rate CAGR of 9.3%
Number of Pages 214
Key Companies Covered Northrop Grumman Corporation, Alstom SA, Siemens AG, Cisco Systems Inc., Garmin Limited, Raytheon Technologies, Indra Sistemas S.A, Kapsch Group, and Thales Group.
Segments Covered By Type, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Intelligent Transportation System (ITS) Market Regional Landscape

North America To Make Notable Contributions To Overall Market Size By 2028

The expansion of Intelligent Transportation Systems (ITS) industry in North America during 2021-2028 is subject to increase in pay-as-you-go ticketing solutions among commuters in countries of North America. Apart from this, supportive government guidelines favoring efficient traffic management activities in countries such as Canada and the U.S. will expedite regional market size. Onset of new technologies including machine learning, cloud computing, big data, and IoT will further add towards size of intelligent transportation systems (ITS) market in North America during anticipated timeline. Presence of key players in countries such as the U.S. will steer expansion of regional market.

Intelligent Transportation System (ITS) Market Competitive Landscape

Key players profiled in study and leveraging business growth are

  • Northrop Grumman Corporation
  • Alstom SA
  • Siemens AG
  • Cisco Systems Inc.
  • Garmin Limited
  • Raytheon Technologies
  • Indra Sistemas S.A
  • Kapsch Group
  • Thales Group.

The global Intelligent Transportation System (ITS) Market is segmented as follows:

By Type

  • ATIS
  • ATPS
  • EMS
  • ATMS
  • APTS

By Application

By Region

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

Table Of Content

Methodology

FrequentlyAsked Questions

Escalating popularity of smart automotive embedded with modern telecom systems and enhanced surveillance due to innovative cameras will drive growth of intelligent transportation system (ITS) market size. Need for renovating aging infrastructure facility, increase in vehicles on roadways, and need for systematic as well as integrated traffic management activities will steer industry trends.  In addition to this, many governments are enacting laws and schemes for implementing intelligent transportation systems, thereby spearheading expansion of intelligent transportation system (ITS) industry over assessment period. With traffic congestion due to rising population is projected to result in rise in fuel emissions as well as accidents. This has resulted in growing demand for intelligent transportation systems in recent years.

 

According to Zion market research report, the global Intelligent Transportation System (ITS) market accrued earnings worth approximately 41.2 (USD Billion) in 2020 and is predicted to gain revenue of about 74.1 (USD Billion) by 2028, is set to record a CAGR of nearly 9.3% over the period from 2021 to 2028.

North America will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is owing to increase in pay-as-you-go ticketing solutions among commuters in countries of North America. Apart from this, supportive government guidelines favoring efficient traffic management activities in countries such as Canada and the U.S. will expedite regional market size. Onset of new technologies including machine learning, cloud computing, big data, and IoT will further add towards size of intelligent transportation systems (ITS) market in North America during anticipated timeline. Presence of key players in countries such as the U.S. will steer expansion of regional market.      

The key market participants include Northrop Grumman Corporation, Alstom SA, Siemens AG, Cisco Systems Inc., Garmin Limited, Raytheon Technologies, Indra Sistemas S.A, Kapsch Group, and Thales Group.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed