Intelligent Transport Systems (ITS) Market
Market Insights on Intelligent Transport Systems (ITS) covering sales outlook, demand forecast & up-to-date key trends
Intelligent Transport Systems (ITS) Market By Application (Intelligent Urban Traffic Management Systems, Highway Traffic Management, Fleet Management and Asset Monitoring, Collision Avoidance Systems), Component (Hardware, Software, Services) & Region for 2022-2027
Intelligent Transport Systems (ITS) Market Outlook – 2022-2027
[345 Pages Report] The global intelligent transport systems (ITS) market is slated to top US$ 37.8 Bn by the end of 2022. Growing inclination towards better transport infrastructure, coupled with integration of intelligent transportation system, is facilitating the growth in the market.
|
Attribute |
Details |
|
Intelligent Transport Systems Market Size in 2022 |
US$ 37.8 Billion |
|
Intelligent Transport Systems Market Value in 2027 |
US$ 70.8 Billion |
|
Historical CAGR |
9.8% |
|
CAGR (2021-2031) |
13.4% |
As per Future Market Insights (FMI), the demand in the intelligent transport systems market is expected to increase at 13.4% CAGR between 2022 and 2027. Increasing demand for advanced solutions to reduce road accidents across the globe will propel the growth in the market.
Regionally, Asia Pacific excluding Japan is anticipated to dominate the global market, growing at 19.9% CAGR through 2027 while the North America ITS market will witness steady growth, exceeding US$ 6.9 Bn by 2022.
As per FMI, the global intelligent transport systems market is anticipated to account for 30% of transport management system market.
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How The Market Progressed Till June 2022?
|
Market Statistics |
Details |
|
H1,2021 (A) |
12.2% |
|
H1,2022 Projected (P) |
12.5% |
|
H1,2022 Outlook (O) |
13.5% |
|
BPS Change : H1,2022 (O) - H1,2022 (P) |
(+) 100 ↑ |
|
BPS Change : H1,2022 (O) - H1,2021 (A) |
(+) 130 ↑ |
As per Future Market Insights, the increase in adoption of Intelligent Transport Systems (ITS) solutions to enhance the safety and security of passengers, achieve traffic efficiency, improve environmental quality, enhance passenger experience and improve operational efficiency is driving the ITS market growth across the globe.
According to the FMI analysis, the BPS values analyzed in the Intelligent Transport Systems (ITS) market in H1,2022 (O) - H1,2022 (P) are projected to witness a spike of around 100 units. However, the BPS change for period H1, 2022 (O) - H1,2021 (A) has witnessed an increase of 130 units.
The key reason behind the spike in BPS is, the increasing awareness and investment from the government for designing, planning, and implementing ITS solution to reduce traffic congestions. Also, growth in smart transportation technology, adoption of IoT for traffic management systems, connected mobility and increasing implementation of 5G in automotive communication and connectivity applications, would further drive the market growth.
Intelligent Transport Systems (ITS) Market Outlook 2013-2021 in Comparison to 2022-2027 Growth Forecast
The global intelligent transport systems (ITS) market is estimated to be valued at US$ 37.8 Bn in 2021, opines Future Market Insights. The overall demand for intelligent transport systems (ITS) solutions is slated to rise at 13.4% CAGR between 2022 and 2027.
Increasing rate of road accidents and collision due to lack of proper traffic management & bad weather conditions across the globe is the primary factor propelling the growth in the intelligent transport systems (ITS) market.
As per World Health Organization (WHO), nearly 1.3 million people die every year due to road traffic crashes. 93% of the world’s fatalities on roads occur in emerging economies such as India, China, and Japan.
In order to curb the mortality and accident rates, the United Nations General Assembly and government in several countries are adopting intelligent transport systems such as collision avoidance systems, traffic monitoring systems, and traffic signal controls.
As per the study, sales of intelligent urban traffic management systems are expected to increase at 9.4% CAGR over the forecast period of 2022 and 2027. Demand for traffic monitoring and traffic signal controls systems are expected to increase at an exceptional rate, especially across India and China.
On the back of these factors, the global intelligent support system (ITS) market is expected to reach over US$ 70.8 Bn by the end of 2027.
Will Investment in Improving Transport Infrastructure Propel Intelligent Transport Systems Demand?
The advent of advanced technology in automotive sector has increased the need for better automotive and transport infrastructure across the globe. With emergence of smart and electric vehicles, need for state-of-the-art infrastructure and technologies is increasing, subsequently creating conducive environment for intelligent transport systems market growth.
Higher production of smart vehicles, especially across the U.S., the U.K., China, and India, has propelled the need for better transport infrastructure. As these smart vehicles operate on intelligently controlled roads, demand for these ITS systems is expected to burgeon over the years.
To cater the surging demand governments across these countries are investing extensively to improve the transport infrastructure. This also will propel the demand for intelligent transport systems.
For instance, according to India Brand Equity Foundation (IBEF), in October 2021, the Indian Government launched a conversion project for 15 major roads in the Agartala smart city, to convert the roads to weather-resilient ones, and also announced rules to improve road safety, by mandating the installation of sleep detection sensors in commercial vehicles.
Additionally, growing rate of road accidents, especially in low- and middle- income countries has increased the need for intelligent traffic monitoring and collision advance systems. Some of the key players in the ITS market are collaborating with the government to provide these services and software.
For instance, in August 2021, IIT Madras announced the collaboration with the Ministry of Road Transport and Highways (MoRTH), Government of India, on pavement engineering and intelligent transportation systems. These developments will remain at the core of the overall intelligent transport system market growth.
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Talk to AnalystCountry-wise Analysis
Why is India Intelligent Transport Systems (ITS) Market Considered Lucrative in South Asia?
As per the study, sales of intelligent transport systems (ITS) in India are projected to expand at a significant rate over the forecast period. Growth in the country is driven by growing development of transport infrastructure across the country.
For instance, in July 2021, a model road with an intelligent transport system will be developed in Noida, India that will convert a 4 km-long stretch on the Master Plan 3 road into a model road zone with sensor-based signals.
On the back of such developments, over the next five years, National Highway Authority of India (NHAI) will be able to generate US$ 14.30 billion annually from transport infrastructure, according to IBEF.
Also, demand for intelligent transport systems is expected to surge with growing incidents of road accident in the country. To curb the fatalities, the government is increasingly adopting intelligent traffic control and monitoring systems, spurring the sales.
Why is the Demand for Intelligent Transport Systems (ITS) Surging in the China?
With increasing cases of accidents in China, the demand for intelligent traffic control and monitoring systems has increased over the past few years. Intelligent transport systems not only control the collision and traffic, but also improves the transport infrastructure.
Hence, adoption of these systems is increasing in China. Citing this trend, key players are launching new software and upgrading existing systems to strengthen their foothold in the country.
For instance, in March 2021, Nissan signed a Memorandum of Understanding (MoU) with the Suzhou High-Speed Rail New Town to support Suzhou City’s intelligent transport initiative. As part of the agreement, Nissan will offer its ‘global experience and expertise to accelerate mobility initiatives of Suzhou City.
With this initiative, the company along with the government will explore research projects to build a future model of intelligent transport that is commercially feasible, implementable and replicable, which also involves autonomous vehicle testing for future commercial services.
A slew of such developments is expected to propel the demand for intelligent transport systems in China. As per FMI, China is expected to spearhead the growth in Asia Pacific excluding Japan market.
How will the U.S. Intelligent Transport Systems (ITS) Market Fare?
FMI estimates the market in North America to witness steady growth through 2021 on the back of increasing adoption of intelligent transport systems (ITS) for improved transport infrastructure.
Increasing development and adoption of smart vehicles across the country has surged the need for state-of-the-art transport infrastructure and technology. Consecutively, presence of leading players in the country and increasing investment to improve the road infrastructure will propel the demand for ITS systems in the U.S.
Category-wise Insights
Why is Demand for Intelligent Transport Systems Software Surging?
On the basis of component, the software segment is expected to witness highest growth at over 13% CAGR, holding 21.6% of market share over the forecast period.
Demand for intelligent transport systems software is expected to surge owing to the growing need for efficient traffic management systems, especially across India, China, and Japan.
Increasing rate of accidents and rising collision rate due to poor weather condition have compelled governments across various economies to establish ITS software for efficient traffic management.
Demand for Intelligent Transport Systems Increasing for Intelligent Urban Traffic Management Systems
The intelligent urban traffic management system segment is expected to surpass US$ 5.04 Bn, in terms of value, by the end of 2022. Increasing road accidents across the globe and growing mortality rate due to lack of traffic management are facilitating the growth in the segment.
Emergence of smart cities and need for efficient traffic management across emerging countries will spur the sales of intelligent transport systems for intelligent urban traffic management systems. The segment is poised to expand at over 9.4% CAGR through 2022.
Besides this, in order to curb the mortality rate due to increasing road accidents, demand for collision avoidance system is also expected to rise. However, in terms of attractiveness index, highway traffic management system is expected to witness attractive growth over the forecast period.
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Competitive Landscape
Key players operating in ITS market are adopting diverse expansion strategies such as collaborations, acquisitions, and mergers to gain competitive edge. Some of the players are investing extensively in advanced solutions projects in collaboration with government and other key players to strengthen their position in the industry.
For instance,
- In September 2021, leading player Siemens joined hands with the National Authority for Tunnels (NAT) to establish a first-ever high speed, electrified main, and freight train rail line transportation with the help of ITS.
- In June 2021, Kapsch TrafficCom announced the agreement with Plenary Infrastructure Group to install a new transportation system for Louisiana Department of Transportation and Development.
Scope of Report
|
Attribute |
Details |
|
Forecast Period |
2022-2027 |
|
Historical Data Available for |
2013-2021 |
|
Market Analysis |
US$ Bn for Value |
|
Key Regions Covered |
North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and MEA |
|
Key Countries Covered |
United States, Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others. |
|
Key Market Segments Covered |
Application, Component, and Region |
|
Key Companies Profiled |
|
|
Pricing |
Available upon Request |
Intelligent Transport Systems (ITS) Market by Category
Application:
- Intelligent Urban Traffic Management Systems
- Traffic Monitoring
- Traffic Signal Controls
- Enforcement Camera Management
- Highway Traffic Management
- Intelligent Car Parking Management Systems (Smart Parking)
- Fleet Management and Asset Monitoring
- Public
- Private
- Collision Avoidance Systems
- Advanced Traveler Information Systems
- Congestion/Road Charging Solutions.
Component:
- Hardware
- Software
- Services
Region
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan (APEJ)
- Middle East & Africa
- Japan
Frequently Asked Questions
The global intelligent transport systems (ITS) market is expected to reach a valuation around US$ 37.8 Bn in 2021.
Growing prevalence of road accidents, growing requirement for advanced traffic congestion solutions, and need for better transport infrastructure will fuel the sales in the market.
As per Future Market Insights, India, Germany, the U.S., the U.K., India and China are the top countries driving the demand for intelligent transport systems (ITS).
As per FMI, the service segment is expected to hold the second-largest market share, accounting for over 31.1% of total sales.
North America intelligent transport systems (ITS) market is expected to reach US$ 6.99 Bn over the forecast period.
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market View Point
3.1. Macro-Economic Factors
3.2. Opportunity Analysis
3.3. Value Chain Analysis
3.4. Key Regulation and Standards
4. Global Market Analysis 2013–2021 and Forecast 2022–2028
4.1. Market Size and Y-o-Y Growth
4.2. Absolute $ Opportunity
5. North America Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028
5.1. Introduction
5.2. Regional Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Trends
5.3. Market Size (US$ Mn) By Country, 2013-2021
5.3.1. U.S.
5.3.2. Canada
5.4. Market Size (US$ Mn) and Forecast By Country, 2022-2028
5.4.1. U.S.
5.4.2. Canada
5.5. Market Size (US$ Mn) and Forecast By Component
5.5.1. Hardware
5.5.2. Software
5.5.3. Services
5.6. Market Size (US$ Mn) and Forecast By Application
5.6.1. Intelligent Urban Traffic Management System
5.6.1.1. Traffic Monitoring
5.6.1.2. Traffic Signal Control
5.6.1.3. Enforcement Camera Management
5.6.2. Highway Traffic Management
5.6.3. Intelligent Car Parking Management (Smart Parking)
5.6.4. Fleet Management & Asset Monitoring
5.6.4.1. Public
5.6.4.2. Private
5.6.5. Collision Avoidance Systems
5.6.6. Advance Traveler Information System
5.6.7. Congestion/Road Charging Solution
5.7. Drivers and Restraints: Impact Analysis
5.8. Market Attractiveness Analysis
5.8.1. By Country
5.8.2. By Component
5.8.3. By Application
5.9. Market Presence (Intensity Map)
6. Western Europe Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028
6.1. Introduction
6.2. Regional Market Dynamics
6.2.1. Drivers
6.2.2. Restraints
6.2.3. Trends
6.3. Market Size (US$ Mn) By Country, 2013-2021
6.3.1. Germany
6.3.2. France
6.3.3. U.K.
6.3.4. Spain
6.3.5. Italy
6.3.6. BENELUX
6.3.7. Nordic
6.3.8. Rest of Western Europe
6.4. Market Size (US$ Mn) and Forecast By Country, 2022-2028
6.4.1. Germany
6.4.2. France
6.4.3. U.K.
6.4.4. Spain
6.4.5. Italy
6.4.6. BENELUX
6.4.7. Nordic
6.4.8. Rest of Western Europe
6.5. Market Size (US$ Mn) and Forecast By Component
6.5.1. Hardware
6.5.2. Software
6.5.3. Services
6.6. Market Size (US$ Mn) and Forecast By Application
6.6.1. Intelligent Urban Traffic Management System
6.6.1.1. Traffic Monitoring
6.6.1.2. Traffic Signal Control
6.6.1.3. Enforcement Camera Management
6.6.2. Highway Traffic Management
6.6.3. Intelligent Car Parking Management (Smart Parking)
6.6.4. Fleet Management & Asset Monitoring
6.6.4.1. Public
6.6.4.2. Private
6.6.5. Collision Avoidance Systems
6.6.6. Advance Traveler Information System
6.6.7. Congestion/Road Charging Solution
6.7. Drivers and Restraints: Impact Analysis
6.8. Market Attractiveness Analysis
6.8.1. By Country
6.8.2. By Component
6.8.3. By Application
6.9. Market Presence (Intensity Map)
7. Eastern Europe Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028
7.1. Introduction
7.2. Regional Market Dynamics
7.2.1. Drivers
7.2.2. Restraints
7.2.3. Trends
7.3. Market Size (US$ Mn) By Country, 2013-2021
7.3.1. Russia
7.3.2. Poland
7.3.3. Rest of Eastern Europe
7.4. Market Size (US$ Mn) and Forecast By Country, 2022-2028
7.4.1. Russia
7.4.2. Poland
7.4.3. Rest of Eastern Europe
7.5. Market Size (US$ Mn) and Forecast By Component
7.5.1. Hardware
7.5.2. Software
7.5.3. Services
7.6. Market Size (US$ Mn) and Forecast By Application
7.6.1. Intelligent Urban Traffic Management System
7.6.1.1. Traffic Monitoring
7.6.1.2. Traffic Signal Control
7.6.1.3. Enforcement Camera Management
7.6.2. Highway Traffic Management
7.6.3. Intelligent Car Parking Management (Smart Parking)
7.6.4. Fleet Management & Asset Monitoring
7.6.4.1. Public
7.6.4.2. Private
7.6.5. Collision Avoidance Systems
7.6.6. Advance Traveler Information System
7.6.7. Congestion/Road Charging Solution
7.7. Drivers and Restraints: Impact Analysis
7.8. Market Attractiveness Analysis
7.8.1. By Country
7.8.2. By Component
7.8.3. By Application
7.9. Market Presence (Intensity Map)
8. Latin America Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028
8.1. Introduction
8.2. Regional Market Dynamics
8.2.1. Drivers
8.2.2. Restraints
8.2.3. Trends
8.3. Market Size (US$ Mn) By Country, 2013-2021
8.3.1. Singapore
8.3.2. Brazil
8.3.3. Mexico
8.3.4. Rest of Latin America
8.4. Market Size (US$ Mn) and Forecast By Country, 2022-2028
8.4.1. Brazil
8.4.2. Mexico
8.4.3. Rest of Latin America
8.5. Market Size (US$ Mn) and Forecast By Component
8.5.1. Hardware
8.5.2. Software
8.5.3. Services
8.6. Market Size (US$ Mn) and Forecast By Application
8.6.1. Intelligent Urban Traffic Management System
8.6.1.1. Traffic Monitoring
8.6.1.2. Traffic Signal Control
8.6.1.3. Enforcement Camera Management
8.6.2. Highway Traffic Management
8.6.3. Intelligent Car Parking Management (Smart Parking)
8.6.4. Fleet Management & Asset Monitoring
8.6.4.1. Public
8.6.4.2. Private
8.6.5. Collision Avoidance Systems
8.6.6. Advance Traveler Information System
8.6.7. Congestion/Road Charging Solution
8.7. Drivers and Restraints: Impact Analysis
8.8. Market Attractiveness Analysis
8.8.1. By Country
8.8.2. By Component
8.8.3. By Application
8.9. Market Presence (Intensity Map)
9. Asia Pacific Excluding Japan (APEJ) Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028
9.1. Introduction
9.2. Regional Market Dynamics
9.2.1. Drivers
9.2.2. Restraints
9.2.3. Trends
9.3. Market Size (US$ Mn) By Country, 2013-2021
9.3.1. China
9.3.2. India
9.3.3. Taiwan
9.3.4. Rest of APEJ
9.4. Market Size (US$ Mn) and Forecast By Country, 2022-2028
9.4.1. China
9.4.2. India
9.4.3. Taiwan
9.4.4. Rest of APEJ
9.5. Market Size (US$ Mn) and Forecast By Component
9.5.1. Hardware
9.5.2. Software
9.5.3. Services
9.6. Market Size (US$ Mn) and Forecast By Application
9.6.1. Intelligent Urban Traffic Management System
9.6.1.1. Traffic Monitoring
9.6.1.2. Traffic Signal Control
9.6.1.3. Enforcement Camera Management
9.6.2. Highway Traffic Management
9.6.3. Intelligent Car Parking Management (Smart Parking)
9.6.4. Fleet Management & Asset Monitoring
9.6.4.1. Public
9.6.4.2. Private
9.6.5. Collision Avoidance Systems
9.6.6. Advance Traveler Information System
9.6.7. Congestion/Road Charging Solution
9.7. Drivers and Restraints: Impact Analysis
9.8. Market Attractiveness Analysis
9.8.1. By Country
9.8.2. By Component
9.8.3. By Application
9.9. Market Presence (Intensity Map)
10. ASEAN Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028
10.1. Introduction
10.2. Regional Market Dynamics
10.2.1. Drivers
10.2.2. Restraints
10.2.3. Trends
10.3. Market Size (US$ Mn) By Country, 2013-2021
10.3.1. Singapore
10.3.2. Malaysia
10.3.3. Vietnam
10.3.4. Philippines
10.3.5. Indonesia
10.3.6. Myanmar
10.4. Market Size (US$ Mn) and Forecast By Country, 2022-2028
10.4.1. Singapore
10.4.2. Malaysia
10.4.3. Vietnam
10.4.4. Philippines
10.4.5. Indonesia
10.4.6. Myanmar
10.5. Market Size (US$ Mn) and Forecast By Component
10.5.1. Hardware
10.5.2. Software
10.5.3. Services
10.6. Market Size (US$ Mn) and Forecast By Application
10.6.1. Intelligent Urban Traffic Management System
10.6.1.1. Traffic Monitoring
10.6.1.2. Traffic Signal Control
10.6.1.3. Enforcement Camera Management
10.6.2. Highway Traffic Management
10.6.3. Intelligent Car Parking Management (Smart Parking)
10.6.4. Fleet Management & Asset Monitoring
10.6.4.1. Public
10.6.4.2. Private
10.6.5. Collision Avoidance Systems
10.6.6. Advance Traveler Information System
10.6.7. Congestion/Road Charging Solution
10.7. Drivers and Restraints: Impact Analysis
10.8. Market Attractiveness Analysis
10.8.1. By Country
10.8.2. By Component
10.8.3. By Application
10.9. Market Presence (Intensity Map)
11. Japan Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028
11.1. Introduction
11.2. Regional Market Dynamics
11.2.1. Drivers
11.2.2. Restraints
11.2.3. Trends
11.3. Market Size (US$ Mn) and Forecast By Component
11.3.1. Hardware
11.3.2. Software
11.3.3. Services
11.4. Market Size (US$ Mn) and Forecast By Application
11.4.1. Intelligent Urban Traffic Management System
11.4.1.1. Traffic Monitoring
11.4.1.2. Traffic Signal Control
11.4.1.3. Enforcement Camera Management
11.4.2. Highway Traffic Management
11.4.3. Intelligent Car Parking Management (Smart Parking)
11.4.4. Fleet Management & Asset Monitoring
11.4.4.1. Public
11.4.4.2. Private
11.4.5. Collision Avoidance Systems
11.4.6. Advance Traveler Information System
11.4.7. Congestion/Road Charging Solution
11.5. Drivers and Restraints: Impact Analysis
11.6. Market Attractiveness Analysis
11.6.1. By Country
11.6.2. By Component
11.6.3. By Application
11.7. Market Presence (Intensity Map)
12. Middle East and Africa Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028
12.1. Introduction
12.2. Regional Market Dynamics
12.2.1. Drivers
12.2.2. Restraints
12.2.3. Trends
12.3. Market Size (US$ Mn) By Country, 2013-2021
12.3.1. UAE
12.3.2. Saudi Arabia
12.3.3. Kuwait
12.3.4. Qatar
12.3.5. Oman
12.3.6. Rest of MEA
12.4. Market Size (US$ Mn) and Forecast By Country, 2022-2028
12.4.1. UAE
12.4.2. Saudi Arabia
12.4.3. Kuwait
12.4.4. Qatar
12.4.5. Oman
12.4.6. Rest of MEA
12.5. Market Size (US$ Mn) and Forecast By Component
12.5.1. Hardware
12.5.2. Software
12.5.3. Services
12.6. Market Size (US$ Mn) and Forecast By Application
12.6.1. Intelligent Urban Traffic Management System
12.6.1.1. Traffic Monitoring
12.6.1.2. Traffic Signal Control
12.6.1.3. Enforcement Camera Management
12.6.2. Highway Traffic Management
12.6.3. Intelligent Car Parking Management (Smart Parking)
12.6.4. Fleet Management & Asset Monitoring
12.6.4.1. Public
12.6.4.2. Private
12.6.5. Collision Avoidance Systems
12.6.6. Advance Traveler Information System
12.6.7. Congestion/Road Charging Solution
12.7. Drivers and Restraints: Impact Analysis
12.8. Market Attractiveness Analysis
12.8.1. By Country
12.8.2. By Component
12.8.3. By Application
12.9. Market Presence (Intensity Map)
13. Forecast Factors: Relevance and Impact
14. Competition Landscape
14.1. Market Structure and Share Analysis
14.2. Competition Intensity Mapping By Market Taxonomy
14.3. Competition Dashboard
14.4. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)
14.4.1. Thales Group Ad
14.4.2. Siemens AG
14.4.3. Garmin Ltd.
14.4.4. Kapsch Trafficcom
14.4.5. Tomtom International BV
14.4.6. Q-Free ASA
14.4.7. Denso Corporation
14.4.8. Atkins Group
14.4.9. Iteris, Inc.
14.4.10. Ricardo PLC
14.4.11. Efkon AG.
14.4.12. Savari Inc.
14.4.13. Transcore, Lp
14.4.14. Lanner Electronics Inc.
15. Global Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028
15.1. Introduction / Key Findings
15.2. Market Size (US$ Mn) and Forecast By Region
15.2.1. North America
15.2.2. Western Europe
15.2.3. Eastern Europe
15.2.4. Latin America
15.2.5. Asia Pacific Excluding Japan
15.2.6. ASEAN
15.2.7. Japan
15.2.8. Middle East and Africa
15.3. Market Attractiveness Analysis By Region
16. Global Intelligent Transportation System (ITS) Market Analysis 2013–2021 and Forecast 2022–2028, By Component
16.1. Market Size (US$ Mn) and Forecast By Component
16.1.1. Hardware
16.1.2. Software
16.1.3. Services
16.2. Market Attractiveness Analysis By Component
17. Global Intelligent Transportation System (ITS)Market Analysis 2013–2021 and Forecast 2022–2028, By Application
17.1. Market Size (US$ Mn) and Forecast By Application
17.1.1. Intelligent Urban Traffic Management System
17.1.1.1. Traffic Monitoring
17.1.1.2. Traffic Signal Control
17.1.1.3. Enforcement Camera Management
17.1.2. Highway Traffic Management
17.1.3. Intelligent Car Parking Management (Smart Parking)
17.1.4. Fleet Management & Asset Monitoring
17.1.4.1. Public
17.1.4.2. Private
17.1.5. Collision Avoidance Systems
17.1.6. Advance Traveler Information System
17.1.7. Congestion/Road Charging Solution
17.2. Market Attractiveness Analysis By Application
18. Assumptions and Acronyms Used
19. Research Methodology
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List of Tables
Table 01: North America Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Component, 2013-2021
Table 02: North America Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2028
Table 03: North America Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Application, 2013-2021
Table 04: North America Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2028
Table 05: Western Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Component, 2013-2021
Table 06: Western Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2028
Table 07: Western Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Application, 2013-2021
Table 08: Western Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2028
Table 09: Eastern Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Component, 2013-2021
Table 10: Eastern Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2028
Table 11: Eastern Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Application, 2013-2021
Table 12: Eastern Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2028
Table 13: Latin America Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Component, 2013-2021
Table 14: Latin America Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2028
Table 15: Latin America Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Application, 2013-2021
Table 16: Latin America Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2028
Table 17: ASEAN Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Component, 2013-2021
Table 18: ASEAN Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2028
Table 19: ASEAN Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Application, 2013-2021
Table 20: ASEAN Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2028
Table 21: APEJ Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Component, 2013-2021
Table 22: APEJ Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2028
Table 23: APEJ Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Application, 2013-2021
Table 24: APEJ Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2028
Table 25: Japan Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Component, 2013-2021
Table 26: Japan Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2028
Table 27: Japan Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Application, 2013-2021
Table 28: Japan Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2028
Table 29: Middle East & Africa Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Component, 2013-2021
Table 30: Middle East & Africa Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2028
Table 31: Middle East & Africa Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Application, 2013-2021
Table 32: Middle East & Africa Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2028
Table 33: Global Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Component, 2013-2021
Table 34: Global Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2028
Table 35: Global Intelligent Transport Systems (ITS) Market Value (US$ Mn) by Application, 2013-2021
Table 36: Global Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2028
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Figure 01: Global Intelligent Transport Systems Market Value (US$ Mn) by Component, 2022 (E)
Figure 02: Global Intelligent Transport Systems Market Value (US$ Mn) by Component, 2028 (F)
Figure 03: Global Intelligent Transport Systems Market Value (US$ Mn) by Application, 2022 (E)
Figure 04: Global Intelligent Transport Systems Market Value (US$ Mn) by Application, 2028 (F)
Figure 05: Global Intelligent Transport Systems Market Value (US$ Mn) by Region, 2022 (E)
Figure 06: Global Intelligent Transport Systems Market Value (US$ Mn) by Region, 2028 (F)
Figure 07: Global ICT Spending (US$ Bn)
Figure 08: Global Smart Cities (US$ BN)
Figure 09: Global GDP (US$ Trillion)
Figure 10: Worldwide Internet Users (US$ BN)
Figure 11: Global Intelligent Transport Systems Market Value (US$ Mn), 2013-2022
Figure 12: Global Intelligent Transport Systems Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 13: Global Intelligent Transport Systems Market Absolute $ Opportunity (US$ Mn), 2022–2028
Figure 14: U.S. Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 15: U.S. Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 16: Canada Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 17: Canada Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 18: North America Intelligent Transport Systems (ITS) Market Attractiveness Index by Country, 2022-2028
Figure 19: North America Intelligent Transport Systems (ITS) Market Attractiveness Index by Component, 2022-2028
Figure 20: North America Intelligent Transport Systems (ITS) Market Attractiveness Index by Application, 2022-2028
Figure 21: Germany Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 22: Germany Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 23: France Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 24: France Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 25: U.K. Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 26: U.K. Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 27: Spain Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 28: Spain Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 29: Italy Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 30: Italy Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 31: Nordic Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 32: Nordic Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 33: Rest of BENELUX Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 34: Rest of BENELUX Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 35: Rest of Western Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 36: Rest of Western Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 37: Western Europe Intelligent Transport Systems (ITS) Market Attractiveness Index by Country, 2022-2028
Figure 38: Western Europe Intelligent Transport Systems (ITS) Market Attractiveness Index by Component, 2022-2028
Figure 39: Western Europe Intelligent Transport Systems (ITS) Market Attractiveness Index by Application, 2022-2028
Figure 40: Russia Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 41: Russia Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 42: Poland Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 43: Poland Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 44: Rest of Eastern Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 45: Rest of Eastern Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 46: Eastern Europe Intelligent Transport Systems (ITS) Market Attractiveness Index by Country, 2022-2028
Figure 47: Eastern Europe Intelligent Transport Systems (ITS) Market Attractiveness Index by Component, 2022-2028
Figure 48: Eastern Europe Intelligent Transport Systems (ITS) Market Attractiveness Index by Application, 2022-2028
Figure 49: Brazil Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 50: Brazil Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 51: Mexico Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 52: Mexico Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 53: Argentina Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 54: Argentina Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 55: Rest of Latin America Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 56: Rest of Latin America Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 57: Latin America Intelligent Transport Systems (ITS) Market Attractiveness Index by Country, 2022-2028
Figure 58: Latin America Intelligent Transport Systems (ITS) Market Attractiveness Index by Component, 2022-2028
Figure 59: Latin America Intelligent Transport Systems (ITS) Market Attractiveness Index by Application, 2022-2028
Figure 60: Singapore Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 61: Singapore Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 62: Malaysia Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 63: Malaysia Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 64: Vietnam Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 65: Vietnam Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 66: Philippines Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 67: Philippines Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 68: Indonesia Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 69: Indonesia Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 70: Myanmar Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 71: Myanmar Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 72: Rest of ASEAN Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 73: Rest of ASEAN Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 74: ASEAN Intelligent Transport Systems (ITS) Market Attractiveness Index by Country, 2022-2028
Figure 75: ASEAN Intelligent Transport Systems (ITS) Market Attractiveness Index by Component, 2022-2028
Figure 76: ASEAN Intelligent Transport Systems (ITS) Market Attractiveness Index by Application, 2022-2028
Figure 77: China Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 78: China Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 79: Taiwan Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 80: Taiwan Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 81: India Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 82: India Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 83: Rest of APEJ Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 84: Rest of APEJ Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 85: APEJ Intelligent Transport Systems (ITS) Market Attractiveness Index by Country, 2022-2028
Figure 86: APEJ Intelligent Transport Systems (ITS) Market Attractiveness Index by Component, 2022-2028
Figure 87: APEJ Intelligent Transport Systems (ITS) Market Attractiveness Index by Application, 2022-2028
Figure 88: Japan Intelligent Transport Systems (ITS) Market Attractiveness Index by Component, 2022-2028
Figure 89: Japan Intelligent Transport Systems (ITS) Market Attractiveness Index by Application, 2022-2028
Figure 90: UAE Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 91: UAE Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 92: Saudi Arabia Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 93: Saudi Arabia Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 94: Kuwait Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 95: Kuwait Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 96: Qatar Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 97: Qatar Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 98: Oman Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 99: Oman Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 100: Rest of Middle East & Africa Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 101: Rest of Middle East & Africa Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 102: Middle East & Africa Intelligent Transport Systems (ITS) Market Attractiveness Index by Country, 2022-2028
Figure 103: Middle East & Africa Intelligent Transport Systems (ITS) Market Attractiveness Index by Component, 2022-2028
Figure 104: Middle East & Africa Intelligent Transport Systems (ITS) Market Attractiveness Index by Application, 2022-2028
Figure 105: North America Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 106: North America Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 107: Western Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 108: Western Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 109: Eastern Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 110: Eastern Europe Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 111: Latin America Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 112: Latin America Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 113: APEJ Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 114: APEJ Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 115: ASEAN Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 116: ASEAN Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 117: MEA Intelligent Transport Systems (ITS) Market Value (US$ Mn), 2013-2022
Figure 118: MEA Intelligent Transport Systems (ITS) Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2028
Figure 119: Global Intelligent Transport Systems (ITS) Market Attractiveness Index by Country, 2022-2028
Figure 120: Global Intelligent Transport Systems (ITS) Market Attractiveness Index by Component, 2022-2028
Figure 121: Global Intelligent Transport Systems (ITS) Market Attractiveness Index by Application, 2022-2028
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