Global Intelligent Transportation Systems (ITS) Market 2022-2028

Global Intelligent Transportation Systems (ITS) Market 2022-2028

An intelligent transportation system (ITS) is a combination of leading-edge information and communication technologies used in transportation and traffic management systems to improve the safety, efficiency, and sustainability of transportation networks, to reduce traffic congestion and to enhance drivers' experiences. According to market research study published by Gen Consulting Company, the market size of the global intelligent transportation systems sector is expected to rise by USD 13 billion with a CAGR of 6.2% by the end of 2028.

The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global intelligent transportation systems market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the intelligent transportation systems industry.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the offering, system, application, and region. The global market for intelligent transportation systems can be segmented by offering: hardware, software, services. Intelligent transportation systems market is further segmented by system: advanced public transportation system (APTS), advanced traffic management system (ATMS), advanced transportation pricing system (ATPS), advanced traveler information system (ATIS), others. According to the research, the ATMS segment had the largest share in the global intelligent transportation systems market. Based on application, the intelligent transportation systems market is segmented into: freight management, parking management, road safety, toll management, traffic management. On the basis of region, the intelligent transportation systems market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). Globally, North America made up the largest share of the intelligent transportation systems market.

By offering:

• hardware
• software
• services

By system:

• advanced public transportation system (APTS)
• advanced traffic management system (ATMS)
• advanced transportation pricing system (ATPS)
• advanced traveler information system (ATIS)
• others

By application:

• freight management
• parking management
• road safety
• toll management
• traffic management

By region:

• Asia Pacific
• Europe
• North America
• Rest of the World (RoW)

The hardware market is further segmented into interface boards, monitoring and detection system, sensors, surveillance camera, telecommunication networks. The telecommunication networks segment is estimated to account for the largest share of the global intelligent transportation systems market.

The report explores the recent developments and profiles of key vendors in the Global Intelligent Transportation Systems Market, including Agero, Inc., Citilog SA, Conduent, Inc., Cubic Corporation, Denso Corporation, EFKON GmbH, Garmin Ltd., Hitachi, Ltd., Indra Sistemas, S.A., Iteris, Inc., Kapsch TrafficCom AG, Q-Free ASA, Siemens AG, Swarco Holding, Teledyne FLIR LLC, Telenav, Inc., Thales SA, Tomtom International B.V., TransCore, Inc., Transmax Pty Ltd., among others.

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Historical & Forecast Period

This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.

Scope of the Report

• To analyze and forecast the market size of the global intelligent transportation systems market.
• To classify and forecast the global intelligent transportation systems market based on offering, system, application, region.
• To identify drivers and challenges for the global intelligent transportation systems market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global intelligent transportation systems market.
• To identify and analyze the profile of leading players operating in the global intelligent transportation systems market.

Why Choose This Report

• Gain a reliable outlook of the global intelligent transportation systems market forecasts from 2022 to 2028 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.