Intelligent Transportation Systems (ITS)

Global Intelligent Transportation Systems (ITS) Market to Reach US$54.5 Billion by 2030

The global market for Intelligent Transportation Systems (ITS) estimated at US$33.5 Billion in the year 2024, is expected to reach US$54.5 Billion by 2030, growing at a CAGR of 8.4% over the analysis period 2024-2030. Advanced Traffic Management System (ATMS), one of the segments analyzed in the report, is expected to record a 9.0% CAGR and reach US$19.8 Billion by the end of the analysis period. Growth in the Advanced Traveler Information System (ATIS) segment is estimated at 7.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$12.4 Billion While China is Forecast to Grow at 12.2% CAGR

The Intelligent Transportation Systems (ITS) market in the U.S. is estimated at US$12.4 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 12.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.2% and 6.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.6% CAGR.

Global Intelligent Transportation Systems (ITS) Market - Key Drivers and Trends Summarized

Intelligent Transportation Systems (ITS) refer to the integration of advanced technologies into transportation infrastructure and vehicles to enhance the efficiency, safety, and sustainability of transportation networks. These systems encompass a broad range of applications including traffic management, public transportation, road safety, and vehicle-to-everything (V2X) communication. ITS utilizes technologies such as sensors, cameras, GPS, and data analytics to collect, process, and disseminate information in real-time, enabling smarter decision-making by both infrastructure operators and users. The overarching goal is to optimize the movement of people and goods, reduce congestion, minimize environmental impact, and improve overall transportation experiences.

One of the critical components of ITS is traffic management, which includes the use of adaptive traffic signals, congestion pricing, and real-time traffic information systems. Adaptive traffic signals adjust the timing of red and green lights based on current traffic conditions, thereby reducing wait times and improving traffic flow. Congestion pricing, which involves charging vehicles to enter high-traffic areas during peak times, is another strategy that ITS employs to manage demand and reduce congestion. Additionally, real-time traffic information systems provide drivers with up-to-date information about road conditions, accidents, and alternative routes, helping them make informed decisions and avoid delays. These technologies not only enhance the efficiency of existing infrastructure but also contribute to reducing greenhouse gas emissions by alleviating traffic jams and promoting smoother vehicle operations.

The growth in the Intelligent Transportation Systems market is driven by several factors, including the increasing demand for efficient traffic management solutions, rising concerns over road safety, and the growing need for reducing environmental impact. Technological advancements such as the development of autonomous vehicles and the Internet of Things (IoT) have significantly propelled the adoption of ITS. The proliferation of connected devices enables seamless communication between vehicles and infrastructure, enhancing the overall effectiveness of ITS solutions. Furthermore, government initiatives and investments in smart city projects are accelerating the deployment of ITS technologies. As urban populations continue to rise, the need for sustainable and efficient transportation systems becomes more critical, driving further innovation and implementation in the ITS market.

SCOPE OF STUDY:

The report analyzes the Intelligent Transportation Systems (ITS) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Advanced Transportation Pricing System (ATPS), Other Types)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 162 Featured) -

• Citilog SA
• Conduent Business Services, LLC
• Cubic Corporation
• Denso Corporation
• emovis
• Hitachi Vantara Corporation
• IBM Corporation
• Image Sensing Systems Inc.
• INIT Innovation in Traffic Systems SE
• Iteris, Inc.
• Kapsch TrafficCom AG
• LeddarTech Inc.
• Q-Free ASA
• Siemens AG
• SWARCO AG
• TransCore Holdings, Inc.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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