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% |
Let us know your requirement to get
100% FREE customization
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.
Find your sweet spots for generating winning opportunities in this market.
Talk to AnalystRising 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.
A unified Market Research Subscription Platform, built for today's disparate research needs.
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 |
|
|
Regions Covered |
|
|
Key Countries Profiled |
|
|
Key Companies Profiled |
|
|
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
Let us know your requirement to get
100% FREE customization
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
Find your sweet spots for generating winning opportunities in this market.
Talk to AnalystList 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
Need specific information?
Request CustomizationExplore Technology Insights
View Reports
