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)), Function, Application -


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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)), Function, Application - Global Forecast 2024-2030


The Intelligent Transportation System Market size was estimated at USD 50.15 billion in 2023 and expected to reach USD 53.93 billion in 2024, at a CAGR 7.78% to reach USD 84.77 billion by 2030.

Global Intelligent Transportation System MarketAn intelligent transport system aims to achieve transport efficiency by providing innovative services relating to various modes of transport and traffic management. Intelligent transport systems have become an indispensable component of the concept of smart cities transmuting cities into digital societies, making the lives of citizens easy in every facet. It provides users with prior information about traffic, local convenience, real-time running information, and seat availability, reducing commuters' travel time and enhancing their safety and comfort. The surging adoption of advanced connected and autonomous vehicles with enhanced safety features and tracking capabilities is accelerating the deployment of the intelligent transport system in automobiles. However, the high installation and maintenance cost of these systems may limit their adoption by consumers. Moreover, ongoing advancements and improvements in intelligent transportation systems, along with initiatives implemented by governments worldwide to develop smart infrastructure, are expected to encourage the adoption of smart transportation systems worldwide.Regional InsightsIntelligent transportation systems are highly developing in the Americas owing to the increasing adoption of technologically advanced vehicles and the implementation of cutting-edge technologies to manage the rising traffic concerns. The emphasis of various governments to improve transportation infrastructure is encouraging the adoption of intelligent transportation systems in the APAC region. The increasing demand for advanced technology and rapid expansion of transportation networks are expected to increase the deployment of the intelligent transportation system industry in the APAC region. The surge in the production of autonomous vehicles and government norms for enhancing the safety of vehicles are accelerating the deployment of intelligent transportation systems in automobiles in the EMEA region. Additionally, the ongoing research and integration of breakthrough technologies to improve safety and enhance the operational efficiency of transportation systems are expected to create lucrative opportunities for the growth of the intelligent transportation systems market worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Intelligent Transportation System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Intelligent Transportation System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

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.

Market Segmentation & Coverage

This research report categorizes the Intelligent Transportation System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
Hardware
Interface Boards
Communication Boards
Multifunctional Boards
Vehicle Detection Boards
Monitoring & Detection Systems
Sensors
Pedestrian Presence Sensors
Speed Sensors
Vehicle Detection Sensors
Surveillance Cameras
AID Cameras
Thermal Cameras
Telecommunication Networks
Copper Lines
Fiber Optic Cables
Wireless Media
Services
Business & Cloud Services
Support & Maintenance Services
Software
Transit Management Software
Video Detection Management Software
Visualization Software
System
Advanced Public Transportation Systems (APTS)
Advanced Traffic Management Systems (ATMS)
Advanced Transportation Pricing System (ATPS)
Advanced Traveler Information Systems (ATIS)
Commercial Vehicle Operation (CVO) Systems
Function
Collision Avoidance
Fleet & Asset Management
Intelligent Traffic Control
Parking Management
Passenger Information Management
Security, Surveillance, & Emergency Notification
Ticketing & Toll Collection
Application
Aviation
Maritime
Railways
Roadways
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Intelligent Transportation System Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Intelligent Transportation System Market?
3. What are the technology trends and regulatory frameworks in the Intelligent Transportation System Market?
4. What is the market share of the leading vendors in the Intelligent Transportation System Market?
5. 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
5.2.1. Offering: Growing emphasis on creating sustainable and efficient transportation systems
5.2.2. System: Rising adoption of commercial vehicle operation (CVO) systems for enhancing the operational efficiency of commercial logistics
5.2.3. Function: Wider application of intelligent traffic controls for optimal traffic management
5.2.4. Application: Significant use of intelligent transportation system to improve flight safety and operational productivity
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Intelligent Transportation System Market, by Offering
6.1. Introduction
6.2. Hardware
6.3.1. Interface Boards
6.3.2.1. Communication Boards
6.3.2.2. Multifunctional Boards
6.3.2.3. Vehicle Detection Boards
6.3.2. Monitoring & Detection Systems
6.3.3. Sensors
6.3.4.1. Pedestrian Presence Sensors
6.3.4.2. Speed Sensors
6.3.4.3. Vehicle Detection Sensors
6.3.4. Surveillance Cameras
6.3.5.1. AID Cameras
6.3.5.2. Thermal Cameras
6.3.5. Telecommunication Networks
6.3.6.1. Copper Lines
6.3.6.2. Fiber Optic Cables
6.3.6.3. Wireless Media
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 Function
8.1. Introduction
8.2. Collision Avoidance
8.3. Fleet & Asset Management
8.4. Intelligent Traffic Control
8.5. Parking Management
8.6. Passenger Information Management
8.7. Security, Surveillance, & Emergency Notification
8.8. Ticketing & Toll Collection
9. Intelligent Transportation System Market, by Application
9.1. Introduction
9.2. Aviation
9.3. Maritime
9.4. Railways
9.5. Roadways
10. Americas Intelligent Transportation System Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Intelligent Transportation System Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Intelligent Transportation System Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Merger & Acquisition
13.3.1.1. IDIS Co., Ltd. to acquire Costar Technologies, Inc.
13.3.1.2. Rossi Group Acquires Rybinski Engineering.
13.3.1.3. Rekor Acquires STS, a Big Deal in Traffic Data Collection.
13.3.1.4. Bowman Expands Transportation Infrastructure Services Through Acquisition of East Coast Firm McMahon Associates, Inc.
13.3.2. Agreement, Collaboration, & Partnership
13.3.2.1. SSI and TransCore to Partner on Next-Gen Intelligent Transportation.
13.3.3. New Product Launch & Enhancement
13.3.3.1. General Motors and Inrix Launch Platform for Smart Road Safety Solutions.
13.3.4. Investment & Funding
13.3.4.1. Biden Administration Awards USD 49.2 Million for Innovative Technology Grants to Improve Mobility and Travel on America’s Highway and Transit Systems.
13.3.5. Award, Recognition, & Expansion
13.3.5.1. EbixCash Bags Intelligent Transport Management Contract for Maharashtra.
13.3.5.2. Egypt's Giza Systems Wins Tender for Smart Transportation, Traffic Systems in NAC.
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. AECOM
14.1.2. Agero, Inc.
14.1.3. Axiomtek Co., Ltd.
14.1.4. Bosch Sicherheitssysteme GmbH
14.1.5. Bridgestone Corporation
14.1.6. Cellint Traffic Solutions Ltd.
14.1.7. Conduent Business Services, LLC
14.1.8. Cubic Corporation
14.1.9. Daktronics
14.1.10. Denso Corporation
14.1.11. DIMTS Ltd.
14.1.12. EFKON GmbH
14.1.13. European Telecommunications Standards Institute
14.1.14. Garmin Ltd.
14.1.15. GMV Innovating Solutions S.L.
14.1.16. Hitachi, Ltd.
14.1.17. Indra Sistemas, S.A.
14.1.18. Intel Corporation
14.1.19. International Business Machines Corporation
14.1.20. Iteris, Inc.
14.1.21. Kapsch TrafficCom AG
14.1.22. Lanner Electronics, Inc.
14.1.23. Mitsubishi Heavy Industries, Ltd.
14.1.24. N-iX Ltd
14.1.25. PTV Planung Transport Verkehr GmbH
14.1.26. Q-Free ASA
14.1.27. Ricardo PLC
14.1.28. Sensys Networks, Inc.
14.1.29. Serco Inc.
14.1.30. Siemens AG
14.1.31. Singapore Technologies Engineering Ltd
14.1.32. Stantec Inc.
14.1.33. SWARCO AG
14.1.34. TagMaster
14.1.35. Teledyne FLIR LLC
14.1.36. TomTom International BV
14.1.37. TransCore by Roper Technologies, Inc.
14.1.38. Transmax Pty Ltd.
14.1.39. Verra Mobility Corporation
14.1.40. WSP Global Inc.
14.1.41. Xerox Corporation
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. INTELLIGENT TRANSPORTATION SYSTEM MARKET RESEARCH PROCESS
FIGURE 2. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, 2023 VS 2030
FIGURE 3. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. INTELLIGENT TRANSPORTATION SYSTEM MARKET DYNAMICS
FIGURE 7. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY OFFERING, 2023 VS 2030 (%)
FIGURE 8. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY OFFERING, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY SYSTEM, 2023 VS 2030 (%)
FIGURE 10. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY SYSTEM, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY FUNCTION, 2023 VS 2030 (%)
FIGURE 12. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY FUNCTION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. INTELLIGENT TRANSPORTATION SYSTEM MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. INTELLIGENT TRANSPORTATION SYSTEM MARKET SHARE, BY KEY PLAYER, 2023

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