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Intelligent Transport Systems (ITS) Market

No More Traffic Congestion, Discover How Adoption of Intelligent Transport Systems is Aiding in the Development of Countries. FMI Latest Market Report

Intelligent Transport System (ITS) Market by Component, Application & region - Forecast 2022 - 2032

Intelligent Transport System (ITS) Market Outlook (2022-2032)

[342 Pages Report] Global demand for intelligent transport system is expected to rise at a yearly growth rate of 11.0% Y-o-Y to US$ 132.93 Billion in 2032, supported by:

  • the growing demand for traffic control solutions
  • the rising demand for smart vehicles integrated with the latest telecommunications technology
  • the improved safety and surveillance offered by modern cameras and License Plate Recognitions (LPRs)
  • the growing number of vehicles on road, and a looming lack of traffic data management

New solutions integrating electronic and communication technologies are being deployed in several economies to effectively deal with traffic concerns. There could be a massive demand for intelligent transport system management as it helps to gain better access to transport and improve passenger and freight mobility. Intelligent transport systems make a strong contribution to the reduction in greenhouse gas emissions and fuel consumption by decreasing the level of traffic congestion.

The eminent need to efficiently manage the traffic flow across city corridors and highways has triggered the need for an alternative traffic management technology. As such, transport authorities are looking forward to utilizing innovative and advanced data analytics technologies to address the issue of growing traffic.

Data Points

Key Statistics

Estimated Value of Global Gaskets and Seals Market by 2032

US$ 132.93 Billion

Documented Market Value of Gaskets and Seals Market in 2022

US$ 37.8 Billion

Estimated CAGR from 2022-2032

13.4%

Estimated Share of North America by 2032

28.1%

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Cutting Edge Technologies to provide a Strong Base for Intelligent Transport System in North America

North America accounts for 28.1% share of the global intelligent transport system market. North America is a technology hotspot for the development and use of cutting-edge technologies such as machine learning, big data, cloud computing, and IoT. Demand for intelligent transport systems is being fueled by the significant emphasis that various government organizations in the region are placing on enhancing the regional transport network.

Rising traffic and the subsequent congestion and numerous public-private collaboration attempts to implement intelligent vehicle systems are driving the market growth in the region.

Opportunities abound in the Connected Cars

The increasing number of automated and connected cars on the roads makes the transport infrastructure future-ready. Also, transport agencies need to be prepared for the future. Many ITS service providers deliver their expertise in design, planning, implementation, and tasks to improve solution and system performance. The increasing urbanization, rising disposable incomes, and need for advanced vehicles to ease the driving experience have propelled many transport service providers to demand a well-connected transport system, improved infrastructure, and improved road safety. In addition, upcoming smart city projects, advanced communication networks, and government initiatives for smart development in China, India, Singapore, Dubai, and other emerging countries will create new opportunities for market growth.

On the other hand, the increasing advancements in artificial intelligence and virtual reality show promise to enhance transport networks across the globe. These technologies include a head-up display for motor transit and creation of visualization. They help drivers and they aid other transport system users. AI has the potential to create changes in the modeling of the system.

Traffic management solutions providers are adopting AI. For instance, in March 2020, Lilin - a Taiwanese manufacturer of IP video-based systems - unveiled an AI-based traffic management system named Aida ALPR series along with a range of surveillance cameras and other innovative city equipment. This complete system provides accurate object detection for plate recognition, vehicle speed detection, parking spot detection, truck, motorbike, and pedestrian violations.

The demand for intelligent transport systems is likely to rise at a CAGR of 13.4% from 2022 to 2032. The global intelligent transport system (ITS) market size is estimated to be valued at US$ 37.8 Bn in 2022 and is projected to surpass a valuation of US$ 132.93 Bn by 2032.

Growing need for traffic control systems, smart automobiles connected with cutting-edge telecommunications technology, and increased safety and surveillance provided by sophisticated cameras and License Plate Recognition (LPRs) are likely to drive intelligent transport system (ITS) market expansion.

Other factors expected to boost the demand for intelligent transport systems include an increase in the number of vehicles on the road, ageing infrastructure, and a looming shortage of traffic data management.

The intelligent transport system (ITS) market size is anticipated to rise as it collects real-time data using a network of sensors, video surveillance devices, navigation systems, and vehicle probes, which is then evaluated and conveyed to the user via the internet, mobile telephony, or dynamic signboards.

As a result, ITS can be used for rail, road, river, and air transportation. Over the projection period, advances in sensor and telecommunications technologies are expected to boost the sales of intelligent transport systems.

The growing sales of intelligent transport system are emerging as one of the primary elements driving the digitization of many aspects of the transportation infrastructure ecosystem. The adoption of intelligent transport systems to reduce traffic accidents and improve road safety is a major factor driving the growth of the intelligent transport system (ITS) market.

The global intelligent transport system (ITS) market share is projected to expand due to the necessity to reduce road accidents. Sophisticated security and safety solutions provided by intelligent transport systems could be tremendously important for adoption rates in both emerging and developed nations. Due to these factors, the demand for intelligent transport systems is projected to rise over the forecast period.

Such kinds of solutions are used to improve road infrastructure and networks as they blend communication and information technology with transportation infrastructure. Furthermore, the sales of intelligent transport systems are anticipated to rise as they serve to boost the overall competency of the transportation process as well as passenger safety.

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Rising Traffic Congestion To Propel Demand For Intelligent Transport Systems

One of the major factors driving the intelligent transport system (ITS) market growth is the increasing need for cutting-edge traffic congestion solutions. The importance of intelligent transport system (ITS) is growing in response to rising urbanization and rising travel time.

It provides a seamless digital solution for traffic control while also reducing the requirement for a worker to operate it manually. Furthermore, the increase in single occupancy cars commuting, particularly in suburbs and major cities, is driving the sales of intelligent transport systems.

Rising Investments By The Government In Advanced Traffic Management Solutions To Drive Market Growth

Many governments are partnering with private intelligent transport system companies to take active actions to reduce traffic congestion. Furthermore, many intelligent transport service companies also assist the government by offering expertise in the adoption of intelligent transport systems in transportation infrastructure.

Furthermore, ITS adaptive traffic signal controllers help the environment by lowering CO2 and NOX emissions and cutting vehicle wait times at signals and junctions. The pressing demand for alternative traffic management technology has resulted from the rising requirement to efficiently regulate traffic flow across metropolitan corridors and highways, propelling the global intelligent transport system (ITS) market size.

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High Cost Of Intelligent Transport Systems (ITS) Installation Restrains Market Growth

The essential requirement for an intelligent transportation setup is a sophisticated centralized traffic management center (TMC) that can deal with real-time traffic data and help alleviate traffic congestion.

This management center should be co-located with transportation managers, system operators, dispatchers, and emergency response organizations, necessitating significant investment. As a result, this factor becomes a challenge for companies with insufficient funds to survive in the intelligent transport system (ITS) market.

Furthermore, CCTV cameras, microwave detectors, dynamic message signboards, advanced transport information systems, highway advisory radios, mobile data terminals, fleet management systems, and a variety of other systems and components are also included in the ITS installation. As a result, these factors limit the growth of the intelligent transport system (ITS) market.

Arrival Of Autonomous And Connected Vehicles, As Well As Emerging Opportunities In Intelligent Transport System (ITS) Market

Transportation infrastructure is becoming more future-ready with a rising number of automated and connected cars on the road. Additionally, transportation authorities must be prepared for the future. Many intelligent transport system service providers offer experience in solution and system design, planning, implementation, and tasks.

Many transportation service providers have demanded a well-connected transport system, enhanced infrastructure, and increased road safety as a result of expanding urbanization, rising disposable incomes, and the need for modern automobiles to simplify the driving experience.

Furthermore, forthcoming smart city projects, enhanced communication networks, and government initiatives for smart development in China, India, Singapore, Dubai, and other emerging markets are likely to open up new growth opportunities in the intelligent transport system (ITS) market.

AI and VR Advancements to Usher in Revolutionary Changes in Intelligent Transport Systems (ITS) Technologies

Artificial intelligence and virtual reality advances show promise for improving intelligent transport systems. These technologies include a head-up display for public transportation and visualization production. They assist drivers as well as other users of the transport system. AI has the capacity to cause alterations in the system's modelling.

AI is being used by providers of traffic management solutions. For example, Lilin, a Taiwanese maker of IP video-based solutions, introduced an AI-based traffic control system called Aida ALPR series in March 2020, along with a variety of surveillance cameras and other revolutionary city equipment.

Country-Wise Insights

United States Intelligent Transport System (ITS) Market Outlook

North America holds 28.1% of the global intelligent transportation system (ITS) market. North America is a technology hotspot for developing and applying cutting-edge technologies such as machine learning, big data, cloud computing, and the Internet of Things.

The enormous emphasis that various government entities in the region are making on improving the regional transportation network is fueling the demand for intelligent transport systems. Rising traffic and congestion, as well as various public-private collaboration efforts to develop intelligent vehicle technologies, are driving regional intelligent transport system (ITS) market expansion.

What is the Asia Pacific Intelligent Transport System (ITS) Market Outlook?

Technological advancements and the continued expansion of transportation networks are likely to boost the growth of the Asia Pacific intelligent transport system (ITS) market. The economic benefits of ITS deployment are particularly noticeable in nations such as China, India, and Japan.

Intelligent transportation systems avoid not only congested routes, decreasing travel time, but also provide monetary benefits to car owners by lowering overall fuel usage. As a result, emerging and established economies automakers are aggressively incorporating intelligent transport systems into their next vehicles.

What is the Growth Outlook of Intelligent Transport System (ITS) Market in Europe?

Europe holds 24.7% of the global intelligent transport system (ITS) market. Due to rising traffic on transportation routes and initiatives to minimise car emissions in support of climate change legislation, the usage of intelligent road systems is expected to increase across Europe.

Over the projection period, Europe is expected to experience considerable intelligent transport system (ITS) market share. The United Kingdom is a leader in adopting an intelligent transport system for public transportation in the country.

Other European countries are also contributing to the growth of the intelligent transport system (ITS) market. For example, France allocated approximately 8.5 million euros for the development of ITS between 2016 and 2020.

Category-Wise Insights

Intelligent Urban Traffic Management Systems Segment to Dominate the Intelligent Transport System (ITS) Market (2022-2032)

The intelligent urban traffic management system segment is estimated to exceed $5.04 billion in value in 2022. Increasing road accidents around the world, as well as a rising fatality rate due to poor traffic management, are facilitating expansion in the category.

The emergence of smart cities and the necessity for efficient traffic management in emerging countries will drive sales of intelligent transport systems for intelligent urban traffic management systems. The segment is expected to grow at a CAGR of more than 9.4% through 2022.

Aside from that, demand for collision avoidance systems is predicted to rise in order to reduce the fatality rate caused by increasing road accidents. However, in terms of the attractiveness index, the highway traffic management system is predicted to increase rapidly.

During the projection period, the software segment is expected to increase at the fastest CAGR.

Software solutions provide real-time information about the vehicle's current location, unforeseen route changes owing to traffic congestion, or an accident to a third-party system via network solutions. As a result, governments worldwide are launching various efforts to encourage sophisticated software development.

For example, the US Department of Transportation (USDOT) and the Open-Source Application Development Portal (OSADP) help to enhance research, development, planning, testing, and deployment of connected car and transport-related applications and ITS. As a result, the Intelligent transport system (ITS) market software sector is predicted to develop at the fastest CAGR throughout the forecast period.

Startup Ecosystem

Start-ups Emphasizing Innovative Technologies and Software Product Development for Transportation Management

Startups collaborate with skilled, intelligent transport system companies on product development and design. They are also developing cutting-edge products to facilitate and improve service. Many small enterprises are currently strong rivals in intelligent transport systems, with a significant market share.

For example, Kapsch TrafficCom AG and Axxes SAS formed a collaboration to create, organise, and implement an electronic toll collection service.

Competitive Landscape

Collaboration Emphasized by Key Market Players for Better Design, Planning, and Implementation of ITS Solutions

The leading corporations are partnering with professional ITS companies for design and product development. They are also working on sophisticated items to provide better service. Furthermore, many small businesses collaborate with the government to improve transportation services.

Several small market enterprises are currently also major players, controlling a sizable portion of the Intelligent transport system (ITS) market. The leading players' dominance is due to the offering of advanced and developed products.

Recent Developments in the Intelligent Transport System (ITS) Market include:

  • Steradian Semiconductors and Astra Microwave collaborated in March 2022 to develop a 4D imaging radar for traffic monitoring.
  • Kapsch TrafficCom announced an agreement with Plenary Infrastructure Group in June 2021 to build a new transportation system for the Louisiana Department of Transportation and Development.

Top 5 Intelligent Trasport Solution Providers

Company Name

Company Description

Aarya ITES

Provider of a handheld toll collection system based on Android as well as other intelligent solutions such as Intelligent Vehicle Access Control Systems and others.

Aeon Software

GPS Vehicle Tracking Solution Provider

AGMA Technologies

Manufacturer of embedded systems with collaborative software.

AllGoVision Technologies

Video Analytics Solution Provider

Arya Omnitalk

Walkie-Talkie and GPS Vehicle Tracking System Provider

Developments By Tech Giants That Hold The Future Of Intelligent Transport Systems (ITS)

In September 2021, Siemens partnered with the National Authority for Tunnels (NAT) to create the first-ever high-speed, electrified main and freight train rail line transportation using ITS.

Hitachi, Ltd. launched a heavy-duty automatic parking brake (APB HD) for vans, SUVs, pickup trucks, and light commercial vehicles in October 2020. The new system improves APB safety and system administration while also allowing for more utilization of this technology.

DENSO CORPORATION collaborated with Aeva, a manufacturer of LiDAR and perception systems for autonomous vehicles, to develop sensing and perception systems in January 2021. The collaboration envisions the two companies producing Frequency Modulated Continuous Wave (FMCW) LiDAR, which could aid in assessing vehicle velocity and reflectivity.

Denso Corporation and Qualcomm Technologies will collaborate to build the next-generation cockpit system in January 2020. This approach is likely to improve the usability of in-vehicle infotainment products.

L&T, a prominent technology services firm, teamed with Intel in May 2021 to develop an AI-based smart parking advice solution. This technology may be put in outdoor public locations such as stadiums, airports, business campuses, and shopping malls, and it also provides real-time occupancy tracking for operators without the usage of sensors using AI-enabled surveillance via augmented video analytics.

Lanner Electronics, Inc. has struck up a cooperation with Creanord, a service assurance expert, in February 2020. This collaboration will enable service and carrier providers with a wide choice of segmented, sophisticated, and distributed solutions for performance assurance in Metro and access networks.

This seamless hardware platform connection will give a complete solution for service providers to manage and fix SLA performance issues with ease by delivering network service visibility 24X7.

Siemens AG opened a new Intelligent Traffic System digital lab in Austin, Texas, in March 2019. This laboratory will gather, monitor, and analyze data. In addition, this data will be utilised to focus on technologies such as self-driving cars, linked vehicles, shared mobility, multimodal transportation, fleet management, electric bike-sharing, and advanced traffic management systems.

Key Players In The Intelligent Transport System (ITS) Market Are

  • Thales Group AD
  • Siemens AG
  • Garmin Ltd.
  • Kapsch Trafficcom
  • Tomtom International BV
  • Q-Free ASA
  • Denso Corporation
  • Atkins Group
  • Iteris Inc.
  • Ricardo PLC
  • Efkon AG
  • Savari Inc.
  • Transcore LP
  • Lanner Electronics Inc.
  • Others

Scope Of The Report

Attribute

Details

Growth Rate

CAGR of 13.4% from 2022 to 2032

Base Year of Estimation

2022

Historical Data

2017-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in US$ Mn and Volume in Units and F-CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends and Pricing Analysis

Key Segments Covered

  • Component
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East & Africa
  • Oceania

Key Countries Profiled

  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • China
  • Japan
  • India
  • GCC Countries
  • Australia

Key Companies Profiled

  • Thales Group AD
  • Siemens AG
  • Garmin Ltd.
  • Kapsch Trafficcom
  • Tomtom International BV
  • Q-Free ASA
  • Denso Corporation
  • Atkins Group
  • Iteris Inc.
  • Ricardo PLC
  • Efkon AG
  • Savari Inc.
  • Transcore LP
  • Lanner Electronics Inc.
  • Others

Customization & Pricing

Available upon Request

Intelligent Transport System (ITS) Market By Category

By 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.

By Component:

  • Hardware
  • Software
  • Services

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Middle East & Africa
  • Oceania

Frequently Asked Questions

The global intelligent transport system (ITS) market is estimated to be valued at US$ 37.8 Bn in 2022.

The intelligent transport system (ITS) market is likely to grow at a CAGR of 13.4% during 2022-2032.

The intelligent transport system (ITS) market is projected to reach a valuation of US$ 132.93 Bn by 2032.

North America is projected to lead the global intelligent transport system (ITS) market by 2032.

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 2017–2021 and Forecast 2022–2032

    4.1. Market Size and Y-o-Y Growth

    4.2. Absolute $ Opportunity

5. North America Market Analysis 2017–2021 and Forecast 2022–2032

    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, 2017-2021

        5.3.1. U.S.

        5.3.2. Canada

    5.4. Market Size (US$ Mn) and Forecast By Country, 2022-2032

        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 Market Analysis 2017–2021 and Forecast 2022–2032

    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, 2017-2021

        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, 2022-2032

        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 Market Analysis 2017–2021 and Forecast 2022–2032

    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, 2017-2021

        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, 2022-2032

        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 Market Analysis 2017–2021 and Forecast 2022–2032

    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, 2017-2021

        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, 2022-2032

        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) Market Analysis 2017–2021 and Forecast 2022–2032

    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, 2017-2021

        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, 2022-2032

        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 Market Analysis 2017–2021 and Forecast 2022–2032

    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, 2017-2021

        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, 2022-2032

        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 Market Analysis 2017–2021 and Forecast 2022–2032

    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 Market Analysis 2017–2021 and Forecast 2022–2032

    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, 2017-2021

        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, 2022-2032

        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 Market Analysis 2017–2021 and Forecast 2022–2032

    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 Market Analysis 2017–2021 and Forecast 2022–2032, 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 Transport System (ITS)Market Analysis 2017–2021 and Forecast 2022–2032, 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 Market Value (US$ Mn) by Component, 2017-2021

Table 02: North America Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2032

Table 03: North America Market Value (US$ Mn) by Application, 2017-2021

Table 04: North America Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2032

Table 05: Western Europe Market Value (US$ Mn) by Component, 2017-2021

Table 06: Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2032

Table 07: Western Europe Market Value (US$ Mn) by Application, 2017-2021

Table 08: Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2032

Table 09: Eastern Europe Market Value (US$ Mn) by Component, 2017-2021

Table 10: Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2032

Table 11: Eastern Europe Market Value (US$ Mn) by Application, 2017-2021

Table 12: Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2032

Table 13: Latin America Market Value (US$ Mn) by Component, 2017-2021

Table 14: Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2032

Table 15: Latin America Market Value (US$ Mn) by Application, 2017-2021

Table 16: Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2032

Table 17: ASEAN Market Value (US$ Mn) by Component, 2017-2021

Table 18: ASEAN Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2032

Table 19: ASEAN Market Value (US$ Mn) by Application, 2017-2021

Table 20: ASEAN Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2032

Table 21: APEJ Market Value (US$ Mn) by Component, 2017-2021

Table 22: APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2032

Table 23: APEJ Market Value (US$ Mn) by Application, 2017-2021

Table 24: APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2032

Table 25: Japan Market Value (US$ Mn) by Component, 2017-2021

Table 26: Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2032

Table 27: Japan Market Value (US$ Mn) by Application, 2017-2021

Table 28: Japan Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2032

Table 29: Middle East & Africa Market Value (US$ Mn) by Component, 2017-2021

Table 30: Middle East & Africa Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2032

Table 31: Middle East & Africa Market Value (US$ Mn) by Application, 2017-2021

Table 32: Middle East & Africa Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2032

Table 33: Global Market Value (US$ Mn) by Component, 2017-2021

Table 34: Global Market Value (US$ Mn) and Y-o-Y Growth Forecast by Component, 2022-2032

Table 35: Global Market Value (US$ Mn) by Application, 2017-2021

Table 36: Global Market Value (US$ Mn) and Y-o-Y Growth Forecast by Application, 2022-2032

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Principal Consultant
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List of Charts

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, 2032 (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, 2032 (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, 2032 (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), 2017-2022

Figure 12: Global Intelligent Transport Systems Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 13: Global Intelligent Transport Systems Market Absolute $ Opportunity (US$ Mn), 2022–2032

Figure 14: U.S. Market Value (US$ Mn), 2017-2022

Figure 15: U.S. Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 16: Canada Market Value (US$ Mn), 2017-2022

Figure 17: Canada Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 18: North America Market Attractiveness Index by Country, 2022-2032

Figure 19: North America Market Attractiveness Index by Component, 2022-2032

Figure 20: North America Market Attractiveness Index by Application, 2022-2032

Figure 21: Germany Market Value (US$ Mn), 2017-2022

Figure 22: Germany Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 23: France Market Value (US$ Mn), 2017-2022

Figure 24: France Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 25: U.K. Market Value (US$ Mn), 2017-2022

Figure 26: U.K. Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 27: Spain Market Value (US$ Mn), 2017-2022

Figure 28: Spain Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 29: Italy Market Value (US$ Mn), 2017-2022

Figure 30: Italy Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 31: Nordic Market Value (US$ Mn), 2017-2022

Figure 32: Nordic Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 33: Rest of BENELUX Market Value (US$ Mn), 2017-2022

Figure 34: Rest of BENELUX Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 35: Rest of Western Europe Market Value (US$ Mn), 2017-2022

Figure 36: Rest of Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 37: Western Europe Market Attractiveness Index by Country, 2022-2032

Figure 38: Western Europe Market Attractiveness Index by Component, 2022-2032

Figure 39: Western Europe Market Attractiveness Index by Application, 2022-2032

Figure 40: Russia Market Value (US$ Mn), 2017-2022

Figure 41: Russia Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 42: Poland Market Value (US$ Mn), 2017-2022

Figure 43: Poland Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 44: Rest of Eastern Europe Market Value (US$ Mn), 2017-2022

Figure 45: Rest of Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 46: Eastern Europe Market Attractiveness Index by Country, 2022-2032

Figure 47: Eastern Europe Market Attractiveness Index by Component, 2022-2032

Figure 48: Eastern Europe Market Attractiveness Index by Application, 2022-2032

Figure 49: Brazil Market Value (US$ Mn), 2017-2022

Figure 50: Brazil Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 51: Mexico Market Value (US$ Mn), 2017-2022

Figure 52: Mexico Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 53: Argentina Market Value (US$ Mn), 2017-2022

Figure 54: Argentina Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 55: Rest of Latin America Market Value (US$ Mn), 2017-2022

Figure 56: Rest of Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 57: Latin America Market Attractiveness Index by Country, 2022-2032

Figure 58: Latin America Market Attractiveness Index by Component, 2022-2032

Figure 59: Latin America Market Attractiveness Index by Application, 2022-2032

Figure 60: Singapore Market Value (US$ Mn), 2017-2022

Figure 61: Singapore Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 62: Malaysia Market Value (US$ Mn), 2017-2022

Figure 63: Malaysia Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 64: Vietnam Market Value (US$ Mn), 2017-2022

Figure 65: Vietnam Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 66: Philippines Market Value (US$ Mn), 2017-2022

Figure 67: Philippines Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 68: Indonesia Market Value (US$ Mn), 2017-2022

Figure 69: Indonesia Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 70: Myanmar Market Value (US$ Mn), 2017-2022

Figure 71: Myanmar Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 72: Rest of ASEAN Market Value (US$ Mn), 2017-2022

Figure 73: Rest of ASEAN Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 74: ASEAN Market Attractiveness Index by Country, 2022-2032

Figure 75: ASEAN Market Attractiveness Index by Component, 2022-2032

Figure 76: ASEAN Market Attractiveness Index by Application, 2022-2032

Figure 77: China Market Value (US$ Mn), 2017-2022

Figure 78: China Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 79: Taiwan Market Value (US$ Mn), 2017-2022

Figure 80: Taiwan Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 81: India Market Value (US$ Mn), 2017-2022

Figure 82: India Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 83: Rest of APEJ Market Value (US$ Mn), 2017-2022

Figure 84: Rest of APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 85: APEJ Market Attractiveness Index by Country, 2022-2032

Figure 86: APEJ Market Attractiveness Index by Component, 2022-2032

Figure 87: APEJ Market Attractiveness Index by Application, 2022-2032

Figure 88: Japan Market Attractiveness Index by Component, 2022-2032

Figure 89: Japan Market Attractiveness Index by Application, 2022-2032

Figure 90: UAE Market Value (US$ Mn), 2017-2022

Figure 91: UAE Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 92: Saudi Arabia Market Value (US$ Mn), 2017-2022

Figure 93: Saudi Arabia Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 94: Kuwait Market Value (US$ Mn), 2017-2022

Figure 95: Kuwait Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 96: Qatar Market Value (US$ Mn), 2017-2022

Figure 97: Qatar Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 98: Oman Market Value (US$ Mn), 2017-2022

Figure 99: Oman Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 100: Rest of Middle East & Africa Market Value (US$ Mn), 2017-2022

Figure 101: Rest of Middle East & Africa Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 102: Middle East & Africa Market Attractiveness Index by Country, 2022-2032

Figure 103: Middle East & Africa Market Attractiveness Index by Component, 2022-2032

Figure 104: Middle East & Africa Market Attractiveness Index by Application, 2022-2032

Figure 105: North America Market Value (US$ Mn), 2017-2022

Figure 106: North America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 107: Western Europe Market Value (US$ Mn), 2017-2022

Figure 108: Western Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 109: Eastern Europe Market Value (US$ Mn), 2017-2022

Figure 110: Eastern Europe Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 111: Latin America Market Value (US$ Mn), 2017-2022

Figure 112: Latin America Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 113: APEJ Market Value (US$ Mn), 2017-2022

Figure 114: APEJ Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 115: ASEAN Market Value (US$ Mn), 2017-2022

Figure 116: ASEAN Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 117: MEA Market Value (US$ Mn), 2017-2022

Figure 118: MEA Market Value (US$ Mn) and Y-o-Y Growth Forecast, 2022-2032

Figure 119: Global Market Attractiveness Index by Country, 2022-2032

Figure 120: Global Market Attractiveness Index by Component, 2022-2032

Figure 121: Global Market Attractiveness Index by Application, 2022-2032

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