Intelligent Transportation Systems (ITS) Market, By Type (ATIS, ATMS, ATPS, APTS and Cooperative systems), By Application (Traffic management, Road safety and surveillance, Freight management, Public transport, Environment protection, Automotive telematic
Description
Intelligent Transportation Systems (ITS) Market, By Type (ATIS, ATMS, ATPS, APTS and Cooperative systems), By Application (Traffic management, Road safety and surveillance, Freight management, Public transport, Environment protection, Automotive telematics, Parking management and Road user charging), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Intelligent transportation system (ITS) is the application of sensing, control, analysis, communication and advanced technologies in order to improve safety, efficiency and mobility. These system can be used in different modes of transport such as roadways, railways, airways. ITS involves a wide range of applications including traffic management, ease congestion, minimizes environmental impact, and also increase the benefits of transportation to commercial users. Moreover, the growing adoption of data analytics techniques such as artificial intelligence and machine learning in order to improve efficiency in the organization is expected to drive market growth during the forecast period.
The Intelligent Transportation System Market is estimated to account for US$ 9,977.9 Mn in terms of value by the end of 2030.
Market Dynamics
Growing traffic congestion is expected to drive market growth during forecast period. The deployment of intelligent transportation system (ITS) helps in providing real time traffic statistics and also helps in controlling growing traffic congestion concern. These intelligent signals gather information from sensor that quantify vehicle speed, traffic signal and traffic related information. Data received from sensor run through algorithm and send information back to the controller. The intelligent transportation system (ITS) is used to collect real-time traffic information helps in controlling traffic signals. The increase in the use of real time data helps in resolving traffic congestion issue and reduces chances of accidents. Moreover, increase in the adoption of IoT solutions for smart cities and transportation systems offer real time visibility and accurate data helps organizations to improve efficiency in developing smart cities.
Enhancement in existing performance of transportation networks is expected to drive growth of the global intelligent transportation systems (ITS) market during the forecast period. Transport plays a major role in a country’s economic and social development. Inadequate working of traffic signals and traffic incidents are major causes of all traffic jams and increased carbon emissions in urban and interurban networks. According to various, ITS associations such as ITS Canada, ITS Turkey, etc. advanced traffic management systems (ATMS) reduce the waiting time at a signal by 20% to 30% and the travel time by 25%, which in turn helps in saving a huge chunk of notified congestion. These systems also reduce greenhouse gas emissions such as carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O) etc. For every hour of delay time reduced in traffic, one lightweight vehicle can save 0.7 gallons of fuel and a truck can save 1.93 gallons. Therefore, these factors are expected to drive growth of the global intelligent transportation systems (ITS) market during the forecast period.
Key features of the study:
Intelligent transportation system (ITS) is the application of sensing, control, analysis, communication and advanced technologies in order to improve safety, efficiency and mobility. These system can be used in different modes of transport such as roadways, railways, airways. ITS involves a wide range of applications including traffic management, ease congestion, minimizes environmental impact, and also increase the benefits of transportation to commercial users. Moreover, the growing adoption of data analytics techniques such as artificial intelligence and machine learning in order to improve efficiency in the organization is expected to drive market growth during the forecast period.
The Intelligent Transportation System Market is estimated to account for US$ 9,977.9 Mn in terms of value by the end of 2030.
Market Dynamics
Growing traffic congestion is expected to drive market growth during forecast period. The deployment of intelligent transportation system (ITS) helps in providing real time traffic statistics and also helps in controlling growing traffic congestion concern. These intelligent signals gather information from sensor that quantify vehicle speed, traffic signal and traffic related information. Data received from sensor run through algorithm and send information back to the controller. The intelligent transportation system (ITS) is used to collect real-time traffic information helps in controlling traffic signals. The increase in the use of real time data helps in resolving traffic congestion issue and reduces chances of accidents. Moreover, increase in the adoption of IoT solutions for smart cities and transportation systems offer real time visibility and accurate data helps organizations to improve efficiency in developing smart cities.
Enhancement in existing performance of transportation networks is expected to drive growth of the global intelligent transportation systems (ITS) market during the forecast period. Transport plays a major role in a country’s economic and social development. Inadequate working of traffic signals and traffic incidents are major causes of all traffic jams and increased carbon emissions in urban and interurban networks. According to various, ITS associations such as ITS Canada, ITS Turkey, etc. advanced traffic management systems (ATMS) reduce the waiting time at a signal by 20% to 30% and the travel time by 25%, which in turn helps in saving a huge chunk of notified congestion. These systems also reduce greenhouse gas emissions such as carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O) etc. For every hour of delay time reduced in traffic, one lightweight vehicle can save 0.7 gallons of fuel and a truck can save 1.93 gallons. Therefore, these factors are expected to drive growth of the global intelligent transportation systems (ITS) market during the forecast period.
Key features of the study:
- This report provides an in-depth analysis of the global intelligent transportation systems (ITS) market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global intelligent transportation systems (ITS) market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered in the global intelligent transportation systems (ITS) market are Siemens AG, TomTom NV, Hitachi Ltd, Thales Group, WS Atkins PLC, Telenav, Inc., Nuance Communications Incorporation, Kapsch TrafficCom AG, EFKON AG, Iteris, Inc., and Garmin International Inc.
- The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
- The global intelligent transportation systems (ITS) market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global intelligent transportation systems (ITS) market.
- Global Intelligent Transportation Systems (ITS) Market, By Type:
- Advanced Traveler Information System (ATIS)
- Advanced Traffic Management System (ATMS)
- Advanced Transportation Pricing Systems (ATPS)
- Advanced Public Transport System (APTS)
- Co-operative Vehicle Systems (CVS)
- Global Intelligent Transportation Systems (ITS) Market, By Application:
- Traffic Management
- Road Safety And Surveillance
- Freight Management
- Public Transport
- Environment Protection
- Automotive Telematics
- Parking Management
- Road User Charging
- Global Intelligent Transportation Systems (ITS) Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles
- Siemens AG *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- TomTom NV
- Hitachi Ltd
- Thales Group
- WS Atkins PLC
- Telenav, Inc.
- Nuance Communications Incorporation
- Kapsch TrafficCom AG
- EFKON AG
- Iteris, Inc.
- Garmin International Inc.
- “*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
135 Pages
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of COVID-19 Pandemic
- 4. Global Intelligent Transportation Systems (ITS) Market, By Type, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Advanced Traveler Information System (ATIS)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Advanced Traffic Management System (ATMS)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Advanced Transportation Pricing Systems (ATPS)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Advanced Public Transport System (APTS)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Co-operative Vehicle Systems (CVS)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- 5. Global Intelligent Transportation Systems (ITS) Market, By Application, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Traffic Management
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Road Safety And Surveillance
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Freight management
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Public transport
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Environment protection
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Automotive Telematics
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Parking Management
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Road User Charging
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- 6. Global Intelligent Transportation Systems (ITS) Market, By Region, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- North America
- Regional Trends
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.K.
- Germany
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast, By Type, 2017–2030 (US$ Million)
- Market Size and Forecast, By Application, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
- 7. Competitive Landscape
- Company Profiles
- Siemens AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- TomTom NV
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Hitachi Ltd
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Thales Group
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- WS Atkins PLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Telenav, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Nuance Communications Incorporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Kapsch TrafficCom AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- EFKON AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Iteris, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Garmin International Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Analyst Views
- 8. Section
- References
- Research Methodology
- About us and Sales Contact
- *Browse 60 market data tables and 40 figures on "Global Intelligent Transportation Systems (ITS) Market - Global forecast t2030”.
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