Intelligent Transportation Systems (ITS) Market Size, Share, Trend and Analysis by Region, System Type (ATMS, ATIS, ATPS, APTS, CVO, Others), Application (Intelligent Traffic Control, Road Safety and Security, Freight Management), and Segment Forecast, 20

Intelligent Transportation Systems (ITS) Market Size, Share, Trend and Analysis by Region, System Type (ATMS, ATIS, ATPS, APTS, CVO, Others), Application (Intelligent Traffic Control, Road Safety and Security, Freight Management), and Segment Forecast, 2023-2026

Summary

The global intelligent transportation systems market size was valued at $18.96 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% during 2023-2026. The intelligent transportation systems market report provides an executive-level overview of the current global ITS sector, with detailed forecasts of key indicators up to 2026.

This market intelligence report offers a thorough, forward-looking analysis of the global intelligent transportation systems market, and key segments in a concise format to help executives build proactive and profitable growth strategies.

Key Highlights

The global intelligent transportation systems market size was valued at $18.96 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% during 2023-2026. The ITS market is driven by several factors, including growing urbanization, rapid smart city development, increasing traffic, rising number road accidents, and the emergence of autonoumous vehicles.

Scope

• This report provides overview and service addressable market for intelligent transportation systems market.
• It identifies the key trends impacting growth of the market over the next 12 to 24 months.
• It includes global market forecasts for the ITS industry and detailed competitor analysis.

• This market intelligence report offers a thorough, forward-looking analysis of the global ITS market, system type, application, and key vendor outlook, in a concise format to help executives build proactive and profitable growth strategies.
• Accompanying GlobalData’s Forecast products, the report examines the assumptions and drivers behind ongoing and upcoming trends in ITS markets.
• With more than 20 charts and tables, the report is designed for an executive-level audience, boasting presentation quality.
• The report provides an easily digestible market assessment for decision-makers built around in-depth information gathered from local market players, which enables executives to quickly get up to speed with the current and emerging trends in ITS markets.
• The broad perspective of the report coupled with comprehensive, actionable detail will help ITS players, investors, and other stakeholders succeed in the growing ITS market globally.