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Global Intelligent Transport System (ITS) Market 2017-2021

Global Intelligent Transport System (ITS) Market 2017-2021

About Intelligent Transport System (ITS)

An intelligent transport system (ITS) is a sophisticated solution that provides solutions related to different modes of traffic and transport management. The traffic management process is rationalized with the optimization of quality, reduction of the costs incurred, and the time taken to implement decisions. The different types of ITS include network management systems, public transport ITS, freight and commercial ITS, road safety system, security and crime reduction ITS, Communication ITS, and automotive and infotainment telematics.

Technavio’s analysts forecast the global intelligent transport system (its) market to grow at a CAGR of 8.70% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global intelligent transport system market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the global ITS market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Intelligent Transport System (ITS) Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • 3M
  • Kapsch Group
  • Neology
  • Q-Free
  • Siemens
  • TransCore
Other prominent vendors
  • ADDCO LLC
  • Agero
  • DENSO CORPORATION
  • EFKON
  • International Road Dynamics
  • KLD Engineering
  • Lanner
  • Peek Traffic Corporation
  • Traffic Tech (Gulf)
Market driver
  • Increasing road traffic congestion in Asian countries
  • For a full, detailed list, view our report
Market challenge
  • Higher setup cost and operating cost
  • For a full, detailed list, view our report
Market trend
  • Impact of standardization in ITS
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Intelligent Transport System (ITS) Market 2017-2021

Technavio recognizes the following companies as the key players in the global intelligent transport system market: 3M, Kapsch Group, Neology, Q-Free, Siemens, and TransCore.

Other Prominent Vendors in the market are: ADDCO LLC, Agero, DENSO CORPORATION, EFKON, International Road Dynamics, KLD Engineering, Lanner, Peek Traffic Corporation, and Traffic Tech (Gulf).

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is impact of standardization in ITS. Standardization of ITS to provide uniform platform is the current issue in the global ITS market. Standardization implies creating a common platform to handle variance in devices.”

According to the report, one driver in the market is increasing road traffic congestion in Asian countries. The urban traffic road congestion is increasing across the world because of the increasing disposable income and ineffective public transportation. These factors are stronger in the Asian countries compared with the rest of the world. The middle-class population in the Asian countries is around 60% of the global middle-class population, and their disposable income will grow at a CAGR of around 15.29% between 2016 and 2020. The increase in disposable income is expected to increase the vehicle sales in the Asian countries by around 9% in 2018.

Further, the report states that one challenge in the market is higher setup cost and operating cost. The ITS equipment requires high capital investment for setting up. This is because the feedstock cost for ITS product manufacturing is high. A software platform is required to build an ITS equipment. Procurement of software, electronics chips and camera, and sensors and transponders is the major cost consumption factor of ITS manufacturing. The marketing and promotion cost for ITS products is minimal as these products have an inbuilt demand from public players and large corporates.

Companies Mentioned

3M, Kapsch Group, Neology, Q-Free, Siemens, TransCore, ADDCO LLC, Agero, DENSO CORPORATION, EFKON, International Road Dynamics, KLD Engineering, Lanner, Peek Traffic Corporation, and Traffic Tech (Gulf)

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global ITS market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by solution type
    • Global ITS market segmentation by solution type
      • Table Global ITS market segmentation by solution type 2016 and 2021 (% revenue)
      • Table Growth rate of various solutions in global ITS market 2017-2021
    • Global ITS market by network management
      • Table Global ITS market by network management 2016-2021 ($ billions)
      • Table Global ITS market by tolling system 2016-2021 ($ billions)
      • Table Tolling system in Malaysia and Singapore 2016 (approximate)
    • Global ITS market by automotive and infotainment telematics
      • Table Global ITS market by automotive and infotainment telematics 2016-2021 ($ billions)
      • Table Car fleet leasing market in the US 2016-2021 ($ millions)
    • Global ITS market by road safety system
      • Table Global ITS market by road safety system 2016-2021 ($ billions)
      • Table Technologies used in road safety system market
    • Global ITS market by communication ITS
      • Table Global ITS market by communication ITS 2016-2021 ($ billions)
      • Table Benefits of adopting communication systems
    • Global ITS market by security and crime reduction
      • Table Global ITS market by security and crime reduction 2016-2021 ($ billions)
    • Global ITS market by freight and commercial ITS
      • Table Global ITS market by freight and commercial ITS 2016-2021 ($ billions)
      • Table Global freight and commercial ITS market by geography 2016 (revenue %)
    • Global ITS market by public transportation ITS
      • Table Global ITS market by public transportation ITS 2016-2021 ($ billions)
  • Geographical segmentation
    • Global ITS market segmentation by geography
      • Table Global ITS market segmentation by geography 2016 and 2021 (% revenue)
      • Table Region-wise growth rate of global ITS market 2017-2021
    • ITS market in Americas
      • Table ITS market in Americas 2016-2021 ($ billions)
    • ITS market in APAC
      • Table ITS market in APAC 2016-2021 ($ billions)
    • ITS market in EMEA
      • Table ITS market in EMEA 2016-2021 ($ billions)
  • Key leading countries
    • US
      • Table Key driver and challenge of ITS market in US
    • Singapore
      • Table Key driver and challenge of ITS market in Singapore
    • Japan
      • Table Key driver and challenge of ITS market in Japan
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Road freight transportation market in North America 2015-2021 ($ billions)
    • Market challenges
      • Table Setup cost and maintenance of ITS products (per product cost)
  • Market trends
    • Impact of standardization in ITS
    • Benefits of ITS will lead the market in future
      • Table Benefits of ITS product implementation
    • Innovations in ITS
  • Vendor landscape
    • Competitive scenario
    • 3M
      • Table 3M: Products offerings under ITS
      • Table 3M: Key developments
    • Kapsch Group
      • Table Kapsch TrafficCom: Solutions offered
      • Table Kapsch TrafficCom: Key developments
    • Neology
      • Table Sub-segmentation of AVI solutions
      • Table Neology: Key developments
    • Q-Free
      • Table Q-Free: Product offerings
      • Table Q-Free: Key developments
    • Siemens
      • Table Siemens: Key developments
    • TransCore
      • Table TransCore: Business segmentation
      • Table TransCore: Key developments
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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