Intelligent Transportation System Market by Offering (Hardware, Services, Software), System (Advanced Public Transportation Systems (APTS), Advanced Traffic Management Systems (ATMS), Advanced Transportation Pricing System (ATPS)), Application - Global Forecast 2023-2030
The Intelligent Transportation System Market size was estimated at USD 46.71 billion in 2022 and expected to reach USD 50.15 billion in 2023, at a CAGR 7.73% to reach USD 84.77 billion by 2030.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Intelligent Transportation System Market.
- Based on Offering, market is studied across Hardware, Services, and Software. The Hardware is further studied across Interface Boards, Monitoring & Detection Systems, Sensors, Surveillance Cameras, and Telecommunication Networks. The Services is further studied across Business & Cloud Services and Support & Maintenance Services. The Software is further studied across Transit Management Software, Video Detection Management Software, and Visualization Software. The Hardware commanded largest market share of 55.68% in 2022, followed by Software.
- Based on System, market is studied across Advanced Public Transportation Systems (APTS), Advanced Traffic Management Systems (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Traveler Information Systems (ATIS), and Commercial Vehicle Operation (CVO) Systems. The Advanced Traffic Management Systems (ATMS) commanded largest market share of 31.26% in 2022, followed by Advanced Public Transportation Systems (APTS).
- Based on Application, market is studied across Aviation, Maritime, Railways, and Roadways. The Roadways commanded largest market share of 33.68% in 2022, followed by Railways.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.47% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Intelligent Transportation System Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Intelligent Transportation System Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Intelligent Transportation System Market, highlighting leading vendors and their innovative profiles. These include AECOM, Agero, Inc., Axiomtek Co., Ltd., Bosch Sicherheitssysteme GmbH, Bridgestone Corporation, Cellint Traffic Solutions Ltd., Conduent Business Services, LLC, Cubic Corporation, Daktronics, Denso Corporation, DIMTS Ltd., EFKON GmbH, European Telecommunications Standards Institute, Garmin Ltd., GMV Innovating Solutions S.L., Hitachi, Ltd., Indra Sistemas, S.A., Intel Corporation, International Business Machines Corporation, Iteris, Inc., Kapsch TrafficCom AG, Lanner Electronics, Inc., Mitsubishi Heavy Industries, Ltd., N-iX Ltd, PTV Planung Transport Verkehr GmbH, Q-Free ASA, Ricardo PLC, Sensys Networks, Inc., Serco Inc., Siemens AG, Singapore Technologies Engineering Ltd, Stantec Inc., SWARCO AG, TagMaster, Teledyne FLIR LLC, TomTom International BV, TransCore by Roper Technologies, Inc., Transmax Pty Ltd., Verra Mobility Corporation, WSP Global Inc., and Xerox Corporation.
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Intelligent Transportation System Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Intelligent Transportation System Market?
- What is the competitive strategic window for identifying opportunities in the Intelligent Transportation System Market?
- What are the latest technology trends and regulatory frameworks in the Intelligent Transportation System Market?
- What is the market share of the leading vendors in the Intelligent Transportation System Market?
- Which modes and strategic moves are suitable for entering the Intelligent Transportation System Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Intelligent Transportation System Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing adoption of connected and autonomous vehicles worldwide
- 5.1.1.2. Digital revolution in the automotive and transportation industry and increasing concerns toward public safety
- 5.1.1.3. Integration of transportation systems with navigation systems coupled with growing traffic congestion problems
- 5.1.2. Restraints
- 5.1.2.1. High cost of installation and maintenance of intelligent transportation system
- 5.1.3. Opportunities
- 5.1.3.1. Technological advancement in the intelligent transportation system to optimize logistics and supply chain operations
- 5.1.3.2. Government initiative for the development of smart infrastructure and smart cities
- 5.1.4. Challenges
- 5.1.4.1. Lack of standardization and security concerns
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Intelligent Transportation System Market, by Offering
- 6.1. Introduction
- 6.2. Hardware
- 6.3.1. Interface Boards
- 6.3.2. Monitoring & Detection Systems
- 6.3.3. Sensors
- 6.3.4. Surveillance Cameras
- 6.3.5. Telecommunication Networks
- 6.3. Services
- 6.4.1. Business & Cloud Services
- 6.4.2. Support & Maintenance Services
- 6.4. Software
- 6.5.1. Transit Management Software
- 6.5.2. Video Detection Management Software
- 6.5.3. Visualization Software
- 7. Intelligent Transportation System Market, by System
- 7.1. Introduction
- 7.2. Advanced Public Transportation Systems (APTS)
- 7.3. Advanced Traffic Management Systems (ATMS)
- 7.4. Advanced Transportation Pricing System (ATPS)
- 7.5. Advanced Traveler Information Systems (ATIS)
- 7.6. Commercial Vehicle Operation (CVO) Systems
- 8. Intelligent Transportation System Market, by Application
- 8.1. Introduction
- 8.2. Aviation
- 8.3. Maritime
- 8.4. Railways
- 8.5. Roadways
- 9. Americas Intelligent Transportation System Market
- 9.1. Introduction
- 9.2. Argentina
- 9.3. Brazil
- 9.4. Canada
- 9.5. Mexico
- 9.6. United States
- 10. Asia-Pacific Intelligent Transportation System Market
- 10.1. Introduction
- 10.2. Australia
- 10.3. China
- 10.4. India
- 10.5. Indonesia
- 10.6. Japan
- 10.7. Malaysia
- 10.8. Philippines
- 10.9. Singapore
- 10.10. South Korea
- 10.11. Taiwan
- 10.12. Thailand
- 10.13. Vietnam
- 11. Europe, Middle East & Africa Intelligent Transportation System Market
- 11.1. Introduction
- 11.2. Denmark
- 11.3. Egypt
- 11.4. Finland
- 11.5. France
- 11.6. Germany
- 11.7. Israel
- 11.8. Italy
- 11.9. Netherlands
- 11.10. Nigeria
- 11.11. Norway
- 11.12. Poland
- 11.13. Qatar
- 11.14. Russia
- 11.15. Saudi Arabia
- 11.16. South Africa
- 11.17. Spain
- 11.18. Sweden
- 11.19. Switzerland
- 11.20. Turkey
- 11.21. United Arab Emirates
- 11.22. United Kingdom
- 12. Competitive Landscape
- 12.1. FPNV Positioning Matrix
- 12.2. Market Share Analysis, By Key Player
- 12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
- 12.3.1.1. IDIS Co., Ltd. to acquire Costar Technologies, Inc.
- 12.3.1.2. Rossi Group Acquires Rybinski Engineering.
- 12.3.1.3. Rekor Acquires STS, a Big Deal in Traffic Data Collection.
- 12.3.1.4. Bowman Expands Transportation Infrastructure Services Through Acquisition of East Coast Firm McMahon Associates, Inc.
- 12.3.2. Agreement, Collaboration, & Partnership
- 12.3.2.1. SSI and TransCore to Partner on Next-Gen Intelligent Transportation.
- 12.3.3. New Product Launch & Enhancement
- 12.3.3.1. General Motors and Inrix Launch Platform for Smart Road Safety Solutions.
- 12.3.4. Investment & Funding
- 12.3.4.1. Biden Administration Awards USD 49.2 Million for Innovative Technology Grants to Improve Mobility and Travel on America’s Highway and Transit Systems.
- 12.3.5. Award, Recognition, & Expansion
- 12.3.5.1. EbixCash Bags Intelligent Transport Management Contract for Maharashtra.
- 12.3.5.2. Egypt's Giza Systems Wins Tender for Smart Transportation, Traffic Systems in NAC.
- 13. Competitive Portfolio
- 13.1. Key Company Profiles
- 13.1.1. AECOM
- 13.1.2. Agero, Inc.
- 13.1.3. Axiomtek Co., Ltd.
- 13.1.4. Bosch Sicherheitssysteme GmbH
- 13.1.5. Bridgestone Corporation
- 13.1.6. Cellint Traffic Solutions Ltd.
- 13.1.7. Conduent Business Services, LLC
- 13.1.8. Cubic Corporation
- 13.1.9. Daktronics
- 13.1.10. Denso Corporation
- 13.1.11. DIMTS Ltd.
- 13.1.12. EFKON GmbH
- 13.1.13. European Telecommunications Standards Institute
- 13.1.14. Garmin Ltd.
- 13.1.15. GMV Innovating Solutions S.L.
- 13.1.16. Hitachi, Ltd.
- 13.1.17. Indra Sistemas, S.A.
- 13.1.18. Intel Corporation
- 13.1.19. International Business Machines Corporation
- 13.1.20. Iteris, Inc.
- 13.1.21. Kapsch TrafficCom AG
- 13.1.22. Lanner Electronics, Inc.
- 13.1.23. Mitsubishi Heavy Industries, Ltd.
- 13.1.24. N-iX Ltd
- 13.1.25. PTV Planung Transport Verkehr GmbH
- 13.1.26. Q-Free ASA
- 13.1.27. Ricardo PLC
- 13.1.28. Sensys Networks, Inc.
- 13.1.29. Serco Inc.
- 13.1.30. Siemens AG
- 13.1.31. Singapore Technologies Engineering Ltd
- 13.1.32. Stantec Inc.
- 13.1.33. SWARCO AG
- 13.1.34. TagMaster
- 13.1.35. Teledyne FLIR LLC
- 13.1.36. TomTom International BV
- 13.1.37. TransCore by Roper Technologies, Inc.
- 13.1.38. Transmax Pty Ltd.
- 13.1.39. Verra Mobility Corporation
- 13.1.40. WSP Global Inc.
- 13.1.41. Xerox Corporation
- 13.2. Key Product Portfolio
- 14. Appendix
- 14.1. Discussion Guide
- 14.2. License & Pricing
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