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Intelligent Transport Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Jul 05, 2023
Length 142 Pages
SKU # IMRC18054441

Description

Intelligent Transport Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The global intelligent transport systems market size reached US$ 40.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 69.7 Billion by 2028, exhibiting a growth rate (CAGR) of 9.3% during 2023-2028.

The Intelligent Transport System (ITS) refers to a system that utilizes visual, analytical, control and communication technologies to manage different modes of on-road transportation efficiently. It is not only embedded within a vehicle but also in the infrastructure facilities to enhance on-road safety and achieve traffic efficiency by minimizing traffic problems. It uses various equipment such as ramp meters, electronic toll collectors, traffic light cameras, traffic-signal coordinators, transit signal systems and traveler-information systems.


The increasing number of smart cities, along with unprecedented population growth leading to widespread traffic congestion, are the key factors driving the market growth. The ITS significantly aids in the effective management of on-road traffic through Global Positioning System (GPS), Dedicated Short Range Communication (DSRC) and Carrier Access for Land Mobiles (CALM). Additionally, increasing occurrence of deaths due to road accidents have driven the demand for ITS across the globe. Advanced features such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication is creating a positive outlook for the market. These features provide real-time information to travelers about road conditions and construction zones, along with seat availability and timings of public modes of transport, thus enhancing the overall on-road safety and reducing the chances of fatalities while reducing the travel time. Moreover, increasing focus on research and development (R&D) in both the public and private sectors to incorporate more enhanced features is also contributing to the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global intelligent transport systems market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on mode of transport, product, protocol, offering and application.

Breakup by Mode of Transport:

Roadways
Railways
Airways

Breakup by Product:

Network Management Systems
Advanced Traffic Management Systems (ATMS)
Road User Charging, Congestion Charging, etc.
Freight and Commercial Systems
Public Transport Systems
Security and Crime Reduction Systems
Automotive and Infotainment Systems
Road Safety Systems
Communications Systems

Breakup by Protocol:

Short Range
Wave (IEEE 802.11)
Wpan (IEEE 802.15)
Long Range
Wimax (IEEE 802.11)
Ofdm
IEEE 1512
Traffic Management Data Dictionary (TMDD)
Others

Breakup by Offering:

Hardware
Interface Board
Sensor
Surveillance Camera
Telecommunication Network
Monitoring and Detection System
Others
Software
Visualization Software
Video Detection Management Software
Transit Management System
Others
Services
Business and Cloud Services
Support and Maintenance Services

Breakup by Application:

Fleet Management and Asset Monitoring
Intelligent Traffic Control
Collision Avoidance
Parking Management
Passenger Information Management
Ticketing Management
Emergency Vehicle Notification
Automotive Telematics

Breakup by Region:

North America
Asia Pacific
Europe
Middle East and Africa
Latin America

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Siemens AG, Thales Group, Garmin Ltd., Cubic Corporation, FLIR Systems, Lanner Electronics, DENSO Corporation, International Business Machines (IBM) Corporation, ADDCO Acquisition, LLC, TomTom N.V., Kapsch TrafficCom AG, Iteris, Inc., Q-Free ASA, Efkon GmbH, GeoToll , Inc., ElectricFeel AG, Doublemap, LLC, BestMile Sarl, Aptiv PLC (nuTonomy), etc.

Key Questions Answered in This Report

1. What was the size of the global intelligent transport systems market in 2022?
2. What is the expected growth rate of the global intelligent transport systems market during 2023-2028?
3. What has been the impact of COVID-19 on the global intelligent transport systems market?
4. What are the key factors driving the global intelligent transport systems market?
5. What is the breakup of the global intelligent transport systems market based on the mode of transport?
6. What is the breakup of the global intelligent transport systems market based on the product?
7. What is the breakup of the global intelligent transport systems market based on the offering?
8. What is the breakup of the global intelligent transport systems market based on the application?
9. What are the key regions in the global intelligent transport systems market?
10. Who are the key players/companies in the global intelligent transport systems market?

Table of Contents

142 Pages
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Intelligent Transport Systems Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Breakup by Mode of Transport
5.5Market Breakup by Product
5.6Market Breakup by Protocol
5.7Market Breakup by Offering
5.8Market Breakup by Application
5.9Market Breakup by Region
5.10Market Forecast
6 Market Breakup by Mode of Transport
6.1Roadways
6.1.1Market Trends
6.1.2Market Forecast
6.2Railways
6.2.1Market Trends
6.2.2Market Forecast
6.3Airways
6.3.1Market Trends
6.3.2Market Forecast
7 Market Breakup by Product
7.1Network Management Systems
7.1.1Market Trends
7.1.2Market Breakup by Type
7.1.2.1 Advanced Traffic Management Systems (ATMS)
7.1.2.2 Road User Charging, Congestion Charging, etc.
7.1.3Market Forecast
7.2Freight and Commercial Systems
7.2.1Market Trends
7.2.2Market Forecast
7.3Public Transport Systems
7.3.1Market Trends
7.3.2Market Forecast
7.4Security and Crime Reduction Systems
7.4.1Market Trends
7.4.2Market Forecast
7.5Automotive and Infotainment Systems
7.5.1Market Trends
7.5.2Market Forecast
7.6Road Safety Systems
7.6.1Market Trends
7.6.2Market Forecast
7.7Communications Systems
7.7.1Market Trends
7.7.2Market Forecast
8 Market Breakup by Protocol
8.1Short Range
8.1.1Market Trends
8.1.2Market Breakup by Type
8.1.2.1 Wave (IEEE 802.11)
8.1.2.2 Wpan (IEEE 802.15)
8.1.3Market Forecast
8.2Long Range
8.2.1Market Trends
8.2.2Market Breakup by Type
8.2.2.1 Wimax (IEEE 802.11)
8.2.2.2 Ofdm
8.2.3Market Forecast
8.3IEEE 1512
8.3.1Market Trends
8.3.2Market Forecast
8.4Traffic Management Data Dictionary (TMDD)
8.4.1Market Trends
8.4.2Market Forecast
8.5Others
8.5.1Market Trends
8.5.2Market Forecast
9 Market Breakup by Offering
9.1Hardware
9.1.1Market Trends
9.1.2Market Breakup by Type
9.1.2.1 Interface Board
9.1.2.2 Sensor
9.1.2.3 Surveillance Camera
9.1.2.4 Telecommunication Network
9.1.2.5 Monitoring and Detection System
9.1.2.6 Others
9.1.3Market Forecast
9.2Software
9.2.1Market Trends
9.2.2Market Breakup by Type
9.2.2.1 Visualization Software
9.2.2.2 Video Detection Management Software
9.2.2.3 Transit Management System
9.2.2.4 Others
9.2.3Market Forecast
9.3Services
9.3.1Market Trends
9.3.2Market Breakup by Type
9.3.2.1 Business and Cloud Services
9.3.2.2 Support and Maintenance Services
9.3.3Market Forecast
10 Market Breakup by Application
10.1Fleet Management and Asset Monitoring
10.1.1Market Trends
10.1.2Market Forecast
10.2Intelligent Traffic Control
10.2.1Market Trends
10.2.2Market Forecast
10.3Collision Avoidance
10.3.1Market Trends
10.3.2Market Forecast
10.4Parking Management
10.4.1Market Trends
10.4.2Market Forecast
10.5Passenger Information Management
10.5.1Market Trends
10.5.2Market Forecast
10.6Ticketing Management
10.6.1Market Trends
10.6.2Market Forecast
10.7Emergency Vehicle Notification
10.7.1Market Trends
10.7.2Market Forecast
10.8Automotive Telematics
10.8.1Market Trends
10.8.2Market Forecast
11 Market Breakup by Region
11.1North America
11.1.1Market Trends
11.1.2Market Forecast
11.2Asia Pacific
11.2.1Market Trends
11.2.2Market Forecast
11.3Europe
11.3.1Market Trends
11.3.2Market Forecast
11.4Middle East and Africa
11.4.1Market Trends
11.4.2Market Forecast
11.5Latin America
11.5.1Market Trends
11.5.2Market Forecast
12 SWOT Analysis
12.1Overview
12.2Strengths
12.3Weaknesses
12.4Opportunities
12.5Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1Overview
14.2Bargaining Power of Buyers
14.3Bargaining Power of Suppliers
14.4Degree of Competition
14.5Threat of New Entrants
14.6Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1Market Structure
16.2Key Players
16.3Profiles of Key Players
16.3.1Siemens AG
16.3.2Thales Group
16.3.3Garmin Ltd.
16.3.4Cubic Corporation
16.3.5FLIR Systems
16.3.6Lanner Electronics
16.3.7DENSO Corporation
16.3.8International Business Machines (IBM) Corporation
16.3.9ADDCO Acquisition, LLC
16.3.10 TomTom N.V.
16.3.11 Kapsch TrafficCom AG
16.3.12 Iteris, Inc.
16.3.13 Q-Free ASA
16.3.14 Efkon GmbH
16.3.15 GeoToll , Inc.
16.3.16 ElectricFeel AG
16.3.17 Doublemap, LLC
16.3.18 BestMile Sarl
16.3.19 Aptiv PLC (nuTonomy)

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