Intelligent Transportation System (ITS) Market - Global Industry Analysis

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

Published Date: 02-Aug-2021 Category: Automotive Report Format : PDF Pages: 120 Report Code: ZMR-6545 Status : Published

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.

Description

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. 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).

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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.  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.

Global 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.

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, and Thales Group.

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

By Type

  • ATIS
  • ATPS
  • EMS
  • ATMS
  • APTS

By Application

  • Traffic Management
  • Freight Management
  • Road Safety & Security
  • Public Transport
  • Automotive Telematics
  • Road Tolling Systems
  • Parking Management

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

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Intelligent Transportation System (ITS) Market, 2018–2028(USD Billion)
    • 2.2. Intelligent Transportation System (ITS) Market: Snapshot
  • Chapter 3. Global Intelligent Transportation System (ITS) Market– Application Analysis
    • 3.1. Intelligent Transportation System (ITS) Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Burgeoning demand of smart vehicles fitted with new telecom systems and improved surveillance owing to new cameras will prop up expansion of intelligent transportation system (ITS) market revenue.
      • 3.2.2. Necessity of refurbishing uld infrastructure, a prominent surge in vehicles on roads, and requirement of systematic as well as integrated traffic management activities will prompt industry size.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Type
      • 3.4.2. Market attractiveness analysis By Application
  • Chapter 4. Global Intelligent Transportation System (ITS) Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Intelligent Transportation System (ITS) Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Technology launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Intelligent Transportation System (ITS) Market– Type Analysis
    • 5.1. Global Intelligent Transportation System (ITS) Market overview: By Type
      • 5.1.1. Global Intelligent Transportation System (ITS) Market share, By Type, 2020 and 2028
    • 5.2. ATIS
      • 5.2.1. Global Intelligent Transportation System (ITS) Market by ATIS, 2018–2028(USD Billion)
    • 5.3. ATPS
      • 5.3.1. Global Intelligent Transportation System (ITS) Market by ATPS, 2018–2028(USD Billion)
    • 5.4. ATMS
      • 5.4.1. Global Intelligent Transportation System (ITS) Market by ATMS, 2018–2028(USD Billion)
    • 5.5. EMS
      • 5.5.1. Global Intelligent Transportation System (ITS) Market by EMS, 2018–2028(USD Billion)
    • 5.6. APTS
      • 5.6.1. Global Intelligent Transportation System (ITS) Market by APTS, 2018–2028(USD Billion)
  • Chapter 6. Global Intelligent Transportation System (ITS) Market– Application Analysis
    • 6.1. Global Intelligent Transportation System (ITS) Market overview: By Application
      • 6.1.1. Global Intelligent Transportation System (ITS) Market share, By Application, 2020 and 2028
    • 6.2. Traffic Management
      • 6.2.1. Global Intelligent Transportation System (ITS) Market by Traffic Management , 2018–2028(USD Billion)
    • 6.3. Freight Management
      • 6.3.1. Global Intelligent Transportation System (ITS) Market by Freight Management, 2018–2028(USD Billion)
    • 6.4. Road Safety & Security
      • 6.4.1. Global Intelligent Transportation System (ITS) Market by Road Safety & Security, 2018–2028(USD Billion)
    • 6.5. Public Transport
      • 6.5.1. Global Intelligent Transportation System (ITS) Market by Public Transport, 2018–2028(USD Billion)
    • 6.6. Automotive Telematics
      • 6.6.1. Global Intelligent Transportation System (ITS) Market by Automotive Telematics, 2018–2028(USD Billion)
    • 6.7. Road Tulling Systems
      • 6.7.1. Global Intelligent Transportation System (ITS) Market by Road Tulling Systems, 2018–2028(USD Billion)
    • 6.8. Parking Management
      • 6.8.1. Global Intelligent Transportation System (ITS) Market by Parking Management, 2018–2028(USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. Northrop Grumman Corporation
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Technology Portfolio
      • 7.1.4. Business Strategy
      • 7.1.5. Recent Developments
    • 7.2. Alstom SA
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Product Portfolio
      • 7.2.4. Business Strategy
      • 7.2.5. Recent Developments
    • 7.3. Siemens AG
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Technology Portfolio
      • 7.3.4. Business Strategy
      • 7.3.5. Recent Development
    • 7.4. Cisco Systems Inc.
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Technology Portfolio
      • 7.4.4. Business Strategy
      • 7.4.5. Recent Development
    • 7.5. Garmin Limited
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Technology Portfolio
      • 7.5.4. Business Strategy
      • 7.5.5. Recent Development
    • 7.6. Raytheon Technulogies
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Technology Portfolio
      • 7.6.4. Business Strategy
      • 7.6.5. Recent Development
    • 7.7. Thales Group
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Technology Portfolio
      • 7.7.4. Business Strategy
      • 7.7.5. Recent Development
    • 7.8. Kapsch Group
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Technology Portfolio
      • 7.8.4. Business Strategy
      • 7.8.5. Recent Development
    • 7.9. Indra Sistemas S.A.
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Technology Portfolio
      • 7.9.4. Business Strategy
      • 7.9.5. Recent Development

Methodology


Frequently Asked 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

Request the coronavirus impact analysis across industries and markets

HappyClients

Office Address

Corporate Office

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
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 020-46277770

Contact #

US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Are On Social