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.
An 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.
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- 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. 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
- 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 Disruption Analysis
- 5.4. Porter’s Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
- 5.5. Value Chain & Critical Path Analysis
- 5.6. Pricing Analysis
- 5.7. Technology Analysis
- 5.8. Patent Analysis
- 5.9. Trade Analysis
- 5.10. Regulatory Framework Analysis
- 6. Intelligent Transportation System Market, by Offering
- 6.1. Introduction
- 6.2. Hardware
- 6.3. Services
- 6.4. 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. Market Share Analysis, 2023
- 13.2. FPNV Positioning Matrix, 2023
- 13.3. Competitive Scenario Analysis
- 13.3.1. SSI and TransCore to Partner on Next-Gen Intelligent Transportation.
- 13.3.2. IDIS Co., Ltd. to acquire Costar Technologies, Inc.
- 13.3.3. Rossi Group Acquires Rybinski Engineering.
- 13.3.4. EbixCash Bags Intelligent Transport Management Contract for Maharashtra.
- 13.3.5. Egypt's Giza Systems Wins Tender for Smart Transportation, Traffic Systems in NAC.
- 13.3.6. Biden Administration Awards USD 49.2 Million for Innovative Technology Grants to Improve Mobility and Travel on America’s Highway and Transit Systems.
- 13.3.7. General Motors and Inrix Launch Platform for Smart Road Safety Solutions.
- 13.3.8. Rekor Acquires STS, a Big Deal in Traffic Data Collection.
- 13.3.9. Bowman Expands Transportation Infrastructure Services Through Acquisition of East Coast Firm McMahon Associates, Inc.
- 13.4. Strategy Analysis & Recommendation
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.2. Key Product Portfolio
- FIGURE 1. INTELLIGENT TRANSPORTATION SYSTEM MARKET RESEARCH PROCESS
- FIGURE 2. INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, 2023 VS 2030
- FIGURE 3. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, 2018-2030 (USD MILLION)
- FIGURE 4. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY REGION, 2023 VS 2030 (%)
- FIGURE 5. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 6. INTELLIGENT TRANSPORTATION SYSTEM MARKET DYNAMICS
- FIGURE 7. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY OFFERING, 2023 VS 2030 (%)
- FIGURE 8. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY OFFERING, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 9. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY SYSTEM, 2023 VS 2030 (%)
- FIGURE 10. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY SYSTEM, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 11. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY FUNCTION, 2023 VS 2030 (%)
- FIGURE 12. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY FUNCTION, 2023 VS 2024 VS 2030 (USD MILLION)
- FIGURE 13. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
- FIGURE 14. GLOBAL 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 SHARE, BY KEY PLAYER, 2023
- FIGURE 24. INTELLIGENT TRANSPORTATION SYSTEM MARKET, FPNV POSITIONING MATRIX, 2023
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