Global Intelligent Transportation Systems (ITS) Market Overview

Intelligent Transportation Systems (ITS) Market was estimated at USD 26.1 billion in 2021, and is projected to reach USD 55.22 billion by 2028, growing at a CAGR of 11.3%.

The intelligent transportation system aims to achieve traffic efficiency by minimizing traffic problems. It enriches users with traffic information in advance, real-time operational information for local convenience, seat availability, shortens travel time for travelers, and improves their safety and comfort. The increasing demand for sensitive vehicles with integrated state-of-the-art telecommunication technology as well as the improved security and police investigation through modern cameras and license plate recognition of vehicles on the streets, aging infrastructure, and the threatened lack of traffic information management are some of the opposing factors which should contribute to market expansion. Corridors and highways have created the need for other traffic management technology. Transport authorities are trying to use innovative and advanced information analytics technologies to cope with the difficulties of increasing traffic. Such Push from government and private players ensures the growth of the Intelligent Transportation System Market.

Covid-19 Impact on Intelligent Transportation System (ITS) Market

The outbreak of the COVID-19 pandemic has taken an extreme toll on new intelligent transportation system (ITS) sales and installations. Several most important system hardware producers have suspended their operations for time being because of disruptions in the supply chain and the dearth of components. Nevertheless, the present ITS solutions set up throughout the globe is getting used aggressively. Although the efforts undertaken through each private and public entity had been a success through various measures, the implementation of clever technology has established the function of shaping the future.

Market Dynamics and Factors For Intelligent Transportation System (ITS) Market

Drivers

Traffic congestion is a major problem in large cities with high-density populations. Although rules and regulations are in place but to manage a large moving population, a certain system is required to streamline the process. Governments across the globe are adopting it to boost road safety and operational performance of the transport system and cut back the impact of transportation on the environment. To implement ITS, substantial funds are required. Countries like the US, Dubai, and Japan are heavily financed in numerous comes of ITS. In 2020, the United Kingdom government endowed USD 1.9 million in 3 projects to trial innovative technologies and new ways in which to improve driving conditions, cut traffic congestion, and reduce time spent in traffic jams. Moreover, the governments hope that the preparation of next-generation AI-powered intelligent transport systems can offer drivers the boldness to set up their journeys while not the worry of being stuck in traffic. These systems cut back congestion, delays, and pollution as well. Innovators within the United Kingdom are supplied with funds of over USD 368 million to create a cleaner, greener, and property transport network which is certainly a driving factor for the growth of the Intelligent Transportation System Market.

The deployment of ITS to cut down road accidents and improve road safety could be a major factor driving the expansion of the intelligent transportation market. The demand for Vehicle-to-Infrastructure (V2I) and Vehicle-to-Vehicle (V2V) communication to reinforce road safety is predicted to achieve traction over the future few years. continuing developments within the transportation sector have triggered the requirement for an economical transportation system that may probably improve road networks. At an equivalent time, advances in technologies, similar to blind-spot detection and electronic toll collection, have redefined the expectations and prospects of property transportation and traffic management.

Restraints

Although an Intelligent transportation system seems the best solution for traffic management, the cost of deployment and installation of the system is very high. System development and implementation cost are considerably high given the technology used in such systems like AI and Machine Learning with the integration of high-end software make it highly expensive.  For an intelligent transport setup, a sophisticated centralized traffic management center (TMC), which may deal with real-time traffic information and facilitate cutting back traffic congestion, is that the basic requirement. These management centers should be to be nearby with transportation managers, system operators, dispatchers, and response agencies. Such tangible infrastructure at the main point of the city or any bottleneck point required a large number of hardware and supporting devices resulting in the need for large investments. Moreover, the implementation of ITS includes CCTV cameras, metal detectors, dynamic message signboards, advanced traveler data systems, road informatory radios, mobile data terminals, fleet management systems, and several other systems and components that make it a highly cost-consuming factor that slows down the growth of ITS.

Opportunities

Intelligent Transportation System Market provides a potential opportunity for the private player with the partnership of government entities to deploy the intelligent transportation system. ITS cannot be implemented by a single stakeholder as It requires collaboration between multiple domains like Telecommunications operators, infrastructure providers, manufacturers, service providers, public sector companies, and user groups. Therefore, public-private partnerships (PPPs) would be key to ITS success.

Many non-profit organizations such as ITS Canada, ITS America, ITS Thailand, ITS India, and ITS Germany sign strategic partnership agreements with various associations working on road and transport projects. In June 2020, Cubic Transportation Systems, a transport company division of Cubic Corporation, has been selected by the government of the state of Yucatan to install advanced traffic management technologies in the city of Mérida, Mexico. the controllers and Transit Signal Priority software, which uses and is integrated with Cubic's NextBus real-time platform, at all intersections included in the project. Cubic will also install the SynchroGreen adaptive signal control module at more than 50 intersections.

Challenges

The establishment of an ITS infrastructure involves the mixing of diverse heterogeneous gadgets, which can also additionally create compatibility problems very often. These heterogeneous gadgets have to be synchronized in line with the requirements and specifications. However, a loss of usual requirements in ITS infrastructure poses challenges such as a digital toll series onboard unit does now no longer have any show and plays most effective validating functions. Besides, it cannot acquire or transmit any message. Moreover, the United States of America has of kind forms of onboard unit (OBU) devices. The predominant trouble in imposing ITS is to combine it with the facts era. The implementation and enormous use of Information Technology is a system of interrelated steps. Any errors in deploying phase for the duration of the implementation reduce the device efficiency.

Market Segmentation

Segmentation Analysis of Intelligent Transportation System (ITS) Market:

By Type, Hardware is the dominating segment in the Intelligent Transportation System Market. In ITS, there is a high investment in the hardware devices, cameras, sensors, traffic management units, system boxes to each place makes it a very dependable factor while considering the Intelligent transportation software deployment. Due to the scope of deployment being very big considering capturing all traffic points and bottlenecks, a large number of camera and sensor deployments is necessary. Hence the production and usage of the hardware devices in the Intelligent Transportation System Market contribute majorly to the growth of the particular market.

By System, ATMS (Advanced Traffic Management System) is dominating the segment in the Intelligent Transportation System Market. The solutions offered by the main market players can combine data processing technology with sensor and telecommunication technologies to ensure real-time management of transport networks and share the information collected and processed with drivers and travelers. The increasing number of vehicles on the roads and frequent subsequent traffic jams also require the use of advanced traffic management systems. These systems can potentially help reduce travel time while ensuring efficient traffic management. Security authorities react quickly and efficiently to accidents and emergencies.

By Application, Roadway is the dominating segment in the Intelligent Transportation System Market. Roadways are the most needed sector to be regulated and need an intelligent system to navigate the traffic and smart response time to avoid congestion and road accidents due to human errors and poor road infrastructure. Roadways are the busiest and most opted transportation medium used extensively worldwide and also it is the most unorganized transport medium. Due to such a disoriented transport medium, the high number of accidents and long traffic cues occurred in busy cities causing massive fuel consumption and pollution. Nowadays roadways are also the largest adopting the ITS with government initiatives and partnerships between private players and government agencies and massive investment from both sides has boosted the roadway segment causing the overall growth of the Intelligent Transportation System Market.

Regional Analysis of Intelligent Transportation System (ITS) Market:

North America dominated the Intelligent Transportation System Market in 2020 with a market share of over 40%. The region is considered a technology hub for aggressive development and deployment of the latest advanced technologies such as machine learning, big data, computing in the cloud, and IoT. The region is also home to the most important players in the world market. The strong emphasis that various governments in the region have placed on improving transport infrastructure is driving the adoption of intelligent transportation systems. North America as a result of increased traffic and the resulting traffic congestion.

The Asia Pacific is anticipated to be an emerging region in the Intelligent Transportation System Market.   Technological advances and the continuous expansion of transmission networks are expected to drive the growth of the ITS market in the Asia-Pacific region. In countries such as China, India, and Japan, the economic advantages of ITS execution are particularly clear. Intelligent transport systems not only help to avoid congested routes and thus shorten travel times but also offer vehicle owners advantages through lower overall fuel consumption. As a result, automakers in developing and developed economies are largely integrating these systems into their upcoming models.

Players Covered in Intelligent Transportation Systems (ITS) Market are:

  • Thales Group
  • Conduent Inc
  • Cubic Corporation
  • Addco
  • Agero Inc
  • Denso Corporation
  • EFKON GmbH
  • Hitachi Ltd
  • Garmin Ltd
  • Thales Group
  • Xerox Corporation
  • Recardo
  • Sensys Networks Inc
  • Telenav Inc
  • Iteris Inc
  • Kapsch TrafficCom
  • Lanner
  • Nuance Communications Inc
  • Q-Free ASA
  • Siemens AG
  • TomTom International BV
  • TransCore

Key Industry Developments In Intelligent Transportation System (ITS) Market

  • June 2021, Siemens has signed a contract with the National Authority for Tunnels (NAT) to deliver a comprehensive rail system that may feature the first-ever high-speed, electrified main, and freight line remodeling Egypt’s transportation. Siemens quality will offer its comprehensive integrated services to design, install, commission, and maintain the systems for fifteen years. the overall contract price is close to USD 4.5 billion, of that Siemens Mobility’s share is around USD three billion.
  • May 2021, Omaha underground Transit has awarded Cubic Transportation Systems a multi-year contract to deliver its Umo Pass solution. No Pass can empower Omaha underground Transit riders to seamlessly position and get transit journeys through one fare payment system.

Global Intelligent Transportation System (ITS) Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 26.10 Bn.

Forecast Period 2022-28 CAGR:

11.3%

Market Size in 2028:

USD 55.22 Bn.

Segments Covered:

By Type

  • Hardware
  • Software
  • Services

By System

  • ATMS
  • ATIS
  • ITPS
  • Others

By Application

  • Roadway
  • Railway
  • Aviation
  • Maritime

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Government adoption to boost road safety and operational performance of the transport system

Key Market Restraints:

  • Cost of deployment and installation of the system is very high

Key Opportunities:

  • Public-private partnerships (PPPs)

Companies Covered in the report:

  • Thales Group, Hitachi Ltd, Siemens AG, Cubic Corporation, TomTom International BV, Garmin Ltd, Addco, Telenav Inc, and Other Major Players

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By System
 3.3 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Intelligent Transportation Systems (ITS) Market by Type
 4.1 Intelligent Transportation Systems (ITS) Market Overview Snapshot and Growth Engine
 4.2 Intelligent Transportation Systems (ITS) Market Overview
 4.3 Hardware
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Hardware: Grographic Segmentation
 4.4 Software
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Software: Grographic Segmentation
 4.5 Services
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Services: Grographic Segmentation

Chapter 5: Intelligent Transportation Systems (ITS) Market by System
 5.1 Intelligent Transportation Systems (ITS) Market Overview Snapshot and Growth Engine
 5.2 Intelligent Transportation Systems (ITS) Market Overview
 5.3 ATMS
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 ATMS: Grographic Segmentation
 5.4 ATIS
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 ATIS: Grographic Segmentation
 5.5 ITPS
  5.5.1 Introduction and Market Overview
  5.5.2 Historic and Forecasted Market Size (2016-2028F)
  5.5.3 Key Market Trends, Growth Factors and Opportunities
  5.5.4 ITPS: Grographic Segmentation
 5.6 APTS
  5.6.1 Introduction and Market Overview
  5.6.2 Historic and Forecasted Market Size (2016-2028F)
  5.6.3 Key Market Trends, Growth Factors and Opportunities
  5.6.4 APTS: Grographic Segmentation
 5.7 CEO
  5.7.1 Introduction and Market Overview
  5.7.2 Historic and Forecasted Market Size (2016-2028F)
  5.7.3 Key Market Trends, Growth Factors and Opportunities
  5.7.4 CEO: Grographic Segmentation

Chapter 6: Intelligent Transportation Systems (ITS) Market by Application
 6.1 Intelligent Transportation Systems (ITS) Market Overview Snapshot and Growth Engine
 6.2 Intelligent Transportation Systems (ITS) Market Overview
 6.3 Roadway
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Roadway: Grographic Segmentation
 6.4 Railway
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Railway: Grographic Segmentation
 6.5 Aviation
  6.5.1 Introduction and Market Overview
  6.5.2 Historic and Forecasted Market Size (2016-2028F)
  6.5.3 Key Market Trends, Growth Factors and Opportunities
  6.5.4 Aviation: Grographic Segmentation
 6.6 Maritime
  6.6.1 Introduction and Market Overview
  6.6.2 Historic and Forecasted Market Size (2016-2028F)
  6.6.3 Key Market Trends, Growth Factors and Opportunities
  6.6.4 Maritime: Grographic Segmentation

Chapter 7: Company Profiles and Competitive Analysis
 7.1 Competitive Landscape
  7.1.1 Competitive Positioning
  7.1.2 Intelligent Transportation Systems (ITS) Sales and Market Share By Players
  7.1.3 Industry BCG Matrix
  7.1.4 Ansoff Matrix
  7.1.5 Intelligent Transportation Systems (ITS) Industry Concentration Ratio (CR5 and HHI)
  7.1.6 Top 5 Intelligent Transportation Systems (ITS) Players Market Share
  7.1.7 Mergers and Acquisitions
  7.1.8 Business Strategies By Top Players
 7.2 THALES GROUP
  7.2.1 Company Overview
  7.2.2 Key Executives
  7.2.3 Company Snapshot
  7.2.4 Operating Business Segments
  7.2.5 Product Portfolio
  7.2.6 Business Performance
  7.2.7 Key Strategic Moves and Recent Developments
  7.2.8 SWOT Analysis
 7.3 CONDUENT INC
 7.4 CUBIC CORPORATION
 7.5 ADDCO
 7.6 AGERO INC
 7.7 DENSO CORPORATION
 7.8 EFKON GMBH
 7.9 HITACHI LTD
 7.10 GARMIN LTD
 7.11 THALES GROUP
 7.12 XEROX CORPORATION
 7.13 RECARDO
 7.14 SENSYS NETWORKS INC
 7.15 TELENAV INC
 7.16 ITERIS INC
 7.17 KAPSCH TRAFFICCOM
 7.18 LANNER
 7.19 NUANCE COMMUNICATIONS INC
 7.20 Q-FREE ASA
 7.21 SIEMENS AG
 7.22 TOMTOM INTERNATIONAL BV
 7.23 TRANSCORE

Chapter 8: Global Intelligent Transportation Systems (ITS) Market Analysis, Insights and Forecast, 2016-2028
 8.1 Market Overview
 8.2 Historic and Forecasted Market Size By Type
  8.2.1 Hardware
  8.2.2 Software
  8.2.3 Services
 8.3 Historic and Forecasted Market Size By System
  8.3.1 ATMS
  8.3.2 ATIS
  8.3.3 ITPS
  8.3.4 APTS
  8.3.5 CEO
 8.4 Historic and Forecasted Market Size By Application
  8.4.1 Roadway
  8.4.2 Railway
  8.4.3 Aviation
  8.4.4 Maritime

Chapter 9: North America Intelligent Transportation Systems (ITS) Market Analysis, Insights and Forecast, 2016-2028
 9.1 Key Market Trends, Growth Factors and Opportunities
 9.2 Impact of Covid-19
 9.3 Key Players
 9.4 Key Market Trends, Growth Factors and Opportunities
 9.4 Historic and Forecasted Market Size By Type
  9.4.1 Hardware
  9.4.2 Software
  9.4.3 Services
 9.5 Historic and Forecasted Market Size By System
  9.5.1 ATMS
  9.5.2 ATIS
  9.5.3 ITPS
  9.5.4 APTS
  9.5.5 CEO
 9.6 Historic and Forecasted Market Size By Application
  9.6.1 Roadway
  9.6.2 Railway
  9.6.3 Aviation
  9.6.4 Maritime
 9.7 Historic and Forecast Market Size by Country
  9.7.1 U.S.
  9.7.2 Canada
  9.7.3 Mexico

Chapter 10: Europe Intelligent Transportation Systems (ITS) Market Analysis, Insights and Forecast, 2016-2028
 10.1 Key Market Trends, Growth Factors and Opportunities
 10.2 Impact of Covid-19
 10.3 Key Players
 10.4 Key Market Trends, Growth Factors and Opportunities
 10.4 Historic and Forecasted Market Size By Type
  10.4.1 Hardware
  10.4.2 Software
  10.4.3 Services
 10.5 Historic and Forecasted Market Size By System
  10.5.1 ATMS
  10.5.2 ATIS
  10.5.3 ITPS
  10.5.4 APTS
  10.5.5 CEO
 10.6 Historic and Forecasted Market Size By Application
  10.6.1 Roadway
  10.6.2 Railway
  10.6.3 Aviation
  10.6.4 Maritime
 10.7 Historic and Forecast Market Size by Country
  10.7.1 Germany
  10.7.2 U.K.
  10.7.3 France
  10.7.4 Italy
  10.7.5 Russia
  10.7.6 Spain

Chapter 11: Asia-Pacific Intelligent Transportation Systems (ITS) Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Type
  11.4.1 Hardware
  11.4.2 Software
  11.4.3 Services
 11.5 Historic and Forecasted Market Size By System
  11.5.1 ATMS
  11.5.2 ATIS
  11.5.3 ITPS
  11.5.4 APTS
  11.5.5 CEO
 11.6 Historic and Forecasted Market Size By Application
  11.6.1 Roadway
  11.6.2 Railway
  11.6.3 Aviation
  11.6.4 Maritime
 11.7 Historic and Forecast Market Size by Country
  11.7.1 China
  11.7.2 India
  11.7.3 Japan
  11.7.4 Southeast Asia

Chapter 12: South America Intelligent Transportation Systems (ITS) Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Type
  12.4.1 Hardware
  12.4.2 Software
  12.4.3 Services
 12.5 Historic and Forecasted Market Size By System
  12.5.1 ATMS
  12.5.2 ATIS
  12.5.3 ITPS
  12.5.4 APTS
  12.5.5 CEO
 12.6 Historic and Forecasted Market Size By Application
  12.6.1 Roadway
  12.6.2 Railway
  12.6.3 Aviation
  12.6.4 Maritime
 12.7 Historic and Forecast Market Size by Country
  12.7.1 Brazil
  12.7.2 Argentina

Chapter 13: Middle East & Africa Intelligent Transportation Systems (ITS) Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Type
  13.4.1 Hardware
  13.4.2 Software
  13.4.3 Services
 13.5 Historic and Forecasted Market Size By System
  13.5.1 ATMS
  13.5.2 ATIS
  13.5.3 ITPS
  13.5.4 APTS
  13.5.5 CEO
 13.6 Historic and Forecasted Market Size By Application
  13.6.1 Roadway
  13.6.2 Railway
  13.6.3 Aviation
  13.6.4 Maritime
 13.7 Historic and Forecast Market Size by Country
  13.7.1 Saudi Arabia
  13.7.2 South Africa

Chapter 14 Investment Analysis

Chapter 15 Analyst Viewpoint and Conclusion

Global Intelligent Transportation System (ITS) Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD 26.10 Bn.

Forecast Period 2022-28 CAGR:

11.3%

Market Size in 2028:

USD 55.22 Bn.

Segments Covered:

By Type

  • Hardware
  • Software
  • Services

By System

  • ATMS
  • ATIS
  • ITPS
  • Others

By Application

  • Roadway
  • Railway
  • Aviation
  • Maritime

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Increasing Government adoption to boost road safety and operational performance of the transport system

Key Market Restraints:

  • Cost of deployment and installation of the system is very high

Key Opportunities:

  • Public-private partnerships (PPPs)

Companies Covered in the report:

  • Thales Group, Hitachi Ltd, Siemens AG, Cubic Corporation, TomTom International BV, Garmin Ltd, Addco, Telenav Inc, and Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET COMPETITIVE RIVALRY
TABLE 005. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET THREAT OF NEW ENTRANTS
TABLE 006. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET THREAT OF SUBSTITUTES
TABLE 007. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET BY TYPE
TABLE 008. HARDWARE MARKET OVERVIEW (2016-2028)
TABLE 009. SOFTWARE MARKET OVERVIEW (2016-2028)
TABLE 010. SERVICES MARKET OVERVIEW (2016-2028)
TABLE 011. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET BY SYSTEM
TABLE 012. ATMS MARKET OVERVIEW (2016-2028)
TABLE 013. ATIS MARKET OVERVIEW (2016-2028)
TABLE 014. ITPS MARKET OVERVIEW (2016-2028)
TABLE 015. APTS MARKET OVERVIEW (2016-2028)
TABLE 016. CEO MARKET OVERVIEW (2016-2028)
TABLE 017. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET BY APPLICATION
TABLE 018. ROADWAY MARKET OVERVIEW (2016-2028)
TABLE 019. RAILWAY MARKET OVERVIEW (2016-2028)
TABLE 020. AVIATION MARKET OVERVIEW (2016-2028)
TABLE 021. MARITIME MARKET OVERVIEW (2016-2028)
TABLE 022. NORTH AMERICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY TYPE (2016-2028)
TABLE 023. NORTH AMERICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY SYSTEM (2016-2028)
TABLE 024. NORTH AMERICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY APPLICATION (2016-2028)
TABLE 025. N INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY COUNTRY (2016-2028)
TABLE 026. EUROPE INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY TYPE (2016-2028)
TABLE 027. EUROPE INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY SYSTEM (2016-2028)
TABLE 028. EUROPE INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY APPLICATION (2016-2028)
TABLE 029. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY COUNTRY (2016-2028)
TABLE 030. ASIA PACIFIC INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY TYPE (2016-2028)
TABLE 031. ASIA PACIFIC INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY SYSTEM (2016-2028)
TABLE 032. ASIA PACIFIC INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY APPLICATION (2016-2028)
TABLE 033. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY COUNTRY (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY TYPE (2016-2028)
TABLE 035. MIDDLE EAST & AFRICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY SYSTEM (2016-2028)
TABLE 036. MIDDLE EAST & AFRICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY APPLICATION (2016-2028)
TABLE 037. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY COUNTRY (2016-2028)
TABLE 038. SOUTH AMERICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY TYPE (2016-2028)
TABLE 039. SOUTH AMERICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY SYSTEM (2016-2028)
TABLE 040. SOUTH AMERICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY APPLICATION (2016-2028)
TABLE 041. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET, BY COUNTRY (2016-2028)
TABLE 042. THALES GROUP: SNAPSHOT
TABLE 043. THALES GROUP: BUSINESS PERFORMANCE
TABLE 044. THALES GROUP: PRODUCT PORTFOLIO
TABLE 045. THALES GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 045. CONDUENT INC: SNAPSHOT
TABLE 046. CONDUENT INC: BUSINESS PERFORMANCE
TABLE 047. CONDUENT INC: PRODUCT PORTFOLIO
TABLE 048. CONDUENT INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 048. CUBIC CORPORATION: SNAPSHOT
TABLE 049. CUBIC CORPORATION: BUSINESS PERFORMANCE
TABLE 050. CUBIC CORPORATION: PRODUCT PORTFOLIO
TABLE 051. CUBIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 051. ADDCO: SNAPSHOT
TABLE 052. ADDCO: BUSINESS PERFORMANCE
TABLE 053. ADDCO: PRODUCT PORTFOLIO
TABLE 054. ADDCO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 054. AGERO INC: SNAPSHOT
TABLE 055. AGERO INC: BUSINESS PERFORMANCE
TABLE 056. AGERO INC: PRODUCT PORTFOLIO
TABLE 057. AGERO INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 057. DENSO CORPORATION: SNAPSHOT
TABLE 058. DENSO CORPORATION: BUSINESS PERFORMANCE
TABLE 059. DENSO CORPORATION: PRODUCT PORTFOLIO
TABLE 060. DENSO CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 060. EFKON GMBH: SNAPSHOT
TABLE 061. EFKON GMBH: BUSINESS PERFORMANCE
TABLE 062. EFKON GMBH: PRODUCT PORTFOLIO
TABLE 063. EFKON GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 063. HITACHI LTD: SNAPSHOT
TABLE 064. HITACHI LTD: BUSINESS PERFORMANCE
TABLE 065. HITACHI LTD: PRODUCT PORTFOLIO
TABLE 066. HITACHI LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 066. GARMIN LTD: SNAPSHOT
TABLE 067. GARMIN LTD: BUSINESS PERFORMANCE
TABLE 068. GARMIN LTD: PRODUCT PORTFOLIO
TABLE 069. GARMIN LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 069. THALES GROUP: SNAPSHOT
TABLE 070. THALES GROUP: BUSINESS PERFORMANCE
TABLE 071. THALES GROUP: PRODUCT PORTFOLIO
TABLE 072. THALES GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 072. XEROX CORPORATION: SNAPSHOT
TABLE 073. XEROX CORPORATION: BUSINESS PERFORMANCE
TABLE 074. XEROX CORPORATION: PRODUCT PORTFOLIO
TABLE 075. XEROX CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 075. RECARDO: SNAPSHOT
TABLE 076. RECARDO: BUSINESS PERFORMANCE
TABLE 077. RECARDO: PRODUCT PORTFOLIO
TABLE 078. RECARDO: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 078. SENSYS NETWORKS INC: SNAPSHOT
TABLE 079. SENSYS NETWORKS INC: BUSINESS PERFORMANCE
TABLE 080. SENSYS NETWORKS INC: PRODUCT PORTFOLIO
TABLE 081. SENSYS NETWORKS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 081. TELENAV INC: SNAPSHOT
TABLE 082. TELENAV INC: BUSINESS PERFORMANCE
TABLE 083. TELENAV INC: PRODUCT PORTFOLIO
TABLE 084. TELENAV INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 084. ITERIS INC: SNAPSHOT
TABLE 085. ITERIS INC: BUSINESS PERFORMANCE
TABLE 086. ITERIS INC: PRODUCT PORTFOLIO
TABLE 087. ITERIS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 087. KAPSCH TRAFFICCOM: SNAPSHOT
TABLE 088. KAPSCH TRAFFICCOM: BUSINESS PERFORMANCE
TABLE 089. KAPSCH TRAFFICCOM: PRODUCT PORTFOLIO
TABLE 090. KAPSCH TRAFFICCOM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 090. LANNER: SNAPSHOT
TABLE 091. LANNER: BUSINESS PERFORMANCE
TABLE 092. LANNER: PRODUCT PORTFOLIO
TABLE 093. LANNER: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 093. NUANCE COMMUNICATIONS INC: SNAPSHOT
TABLE 094. NUANCE COMMUNICATIONS INC: BUSINESS PERFORMANCE
TABLE 095. NUANCE COMMUNICATIONS INC: PRODUCT PORTFOLIO
TABLE 096. NUANCE COMMUNICATIONS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 096. Q-FREE ASA: SNAPSHOT
TABLE 097. Q-FREE ASA: BUSINESS PERFORMANCE
TABLE 098. Q-FREE ASA: PRODUCT PORTFOLIO
TABLE 099. Q-FREE ASA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 099. SIEMENS AG: SNAPSHOT
TABLE 100. SIEMENS AG: BUSINESS PERFORMANCE
TABLE 101. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 102. SIEMENS AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 102. TOMTOM INTERNATIONAL BV: SNAPSHOT
TABLE 103. TOMTOM INTERNATIONAL BV: BUSINESS PERFORMANCE
TABLE 104. TOMTOM INTERNATIONAL BV: PRODUCT PORTFOLIO
TABLE 105. TOMTOM INTERNATIONAL BV: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 105. TRANSCORE: SNAPSHOT
TABLE 106. TRANSCORE: BUSINESS PERFORMANCE
TABLE 107. TRANSCORE: PRODUCT PORTFOLIO
TABLE 108. TRANSCORE: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW BY TYPE
FIGURE 012. HARDWARE MARKET OVERVIEW (2016-2028)
FIGURE 013. SOFTWARE MARKET OVERVIEW (2016-2028)
FIGURE 014. SERVICES MARKET OVERVIEW (2016-2028)
FIGURE 015. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW BY SYSTEM
FIGURE 016. ATMS MARKET OVERVIEW (2016-2028)
FIGURE 017. ATIS MARKET OVERVIEW (2016-2028)
FIGURE 018. ITPS MARKET OVERVIEW (2016-2028)
FIGURE 019. APTS MARKET OVERVIEW (2016-2028)
FIGURE 020. CEO MARKET OVERVIEW (2016-2028)
FIGURE 021. INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW BY APPLICATION
FIGURE 022. ROADWAY MARKET OVERVIEW (2016-2028)
FIGURE 023. RAILWAY MARKET OVERVIEW (2016-2028)
FIGURE 024. AVIATION MARKET OVERVIEW (2016-2028)
FIGURE 025. MARITIME MARKET OVERVIEW (2016-2028)
FIGURE 026. NORTH AMERICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. EUROPE INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. ASIA PACIFIC INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. MIDDLE EAST & AFRICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. SOUTH AMERICA INTELLIGENT TRANSPORTATION SYSTEMS (ITS) MARKET OVERVIEW BY COUNTRY (2016-2028)

Frequently Asked Questions :

What would be the forecast period in the Intelligent Transportation System (ITS) Market research report?

The forecast period in the Intelligent Transportation System (ITS) Market research report is 2022-2028.

Who are the key players in Intelligent Transportation System (ITS) Market?

Thales Group, Hitachi Ltd, Siemens AG, Cubic Corporation, TomTom International BV, Garmin Ltd, Addco, Telenav Inc, and Other Major Players.

What are the segments of the Intelligent Transportation System (ITS) Market?

The Intelligent Transportation System (ITS) Market is segmented into Type, System, Application, and Region. By Type, the market is categorized into Hardware, Software, and Services. By System, the market is categorized into ATMS, ATIS, ITPS, and Others. By Application, the market is categorized into Roadway, Railway, Aviation, and Maritime. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Intelligent Transportation System (ITS) Market?

The intelligent transportation system aims to achieve traffic efficiency by minimizing traffic problems. It enriches users with traffic information in advance, real-time operational information for local convenience, seat availability, shortens travel time for travelers, and improves their safety and comfort.

How big is the Intelligent Transportation System (ITS) Market?

Intelligent Transportation Systems (ITS) Market was estimated at USD 26.1 billion in 2021, and is projected to reach USD 55.22 billion by 2028, growing at a CAGR of 11.3%.