Global Intelligent Transport Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Intelligent Transport Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Intelligent transport system effectively and comprehensively applies advanced science and technology (information technology, computer technology, data communication technology, sensor technology, electronic control technology, automatic control theory, operational research, artificial intelligence, etc.) to transportation, service control and vehicle manufacturing.

Intelligent transport system strengthens the connection among vehicles, roads and users. Intelligent transport system is an integrated transport system that can ensure safety, improve efficiency, improve environment and save energy.

Market Overview:

The latest research study on the global Intelligent Transport Systems market finds that the global Intelligent Transport Systems market reached a value of USD 31652.23 million in 2022. It’s expected that the market will achieve USD 44458.95 million by 2028, exhibiting a CAGR of 5.83% during the forecast period.

Assessment of the Overall Impact of COVID-19 on the Industry

COVID-19 has triggered a global health and economic crisis, which has a great impact on the lives of people all over the world, especially on operators, tourists and employees everywhere. Employees work from home, and factories cannot resume work, so the market of Intelligent transport systems will be reduced by downstream demand in the short term.


Owners and enterprises everywhere are eager to return to normal state to a certain extent. It is unrealistic to wait at home for months or years. Countries all over the world are using digital technology to deal with this global crisis.

Reducing human presence in vehicles and transportation infrastructure is a common concept of Intelligent transport systems and COVID-19. Although the motives are different. Intelligent transport systems aim to improve transportation services through innovative technologies to replace labor and supervision. On the contrary, COVID-19 guide aims to reduce the busy degree of transportation, because busy buses or busy trains mean an increase in potential passenger infection opportunities. In this respect, under the epidemic situation, Intelligent transport systems can help control the flow and reduce the risk of infection.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

Siemens AG is one of the major players operating in the Intelligent Transport Systems market, holding a share of 13.88% in 2021.

Siemens AG is the world's leading technology enterprise. The company's business covers the whole world, focusing on electrification, automation and digitalization. As one of the world's largest suppliers of efficient energy and resource-saving technologies, Siemens takes a leading position in the fields of efficient power generation and transmission solutions, infrastructure solutions, industrial automation, drive and software solutions. The company is also a leading supplier of imaging diagnostic equipment such as computed tomography and magnetic resonance imaging systems, as well as laboratory diagnosis and clinical IT.

Hitachi Rail is a fully integrated, global provider of rail solutions across rolling stock, signalling, operation, service & maintenance, digital technology and turnkey solutions.

Segmentation Overview:

Among different product types, Advanced Traffic Management Systems (ATMS) segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Intelligent Traffic Control segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Intelligent Transport Systems market covered in Chapter 3:

Denso
TomTom International BV
Cubic Corporation
Robert Bosch GmbH
Hitachi Inc.
Indra Sistemas
Kapsch TrafficCom AG
Siemens AG
Q-Free ASA
Thales Group
EFKON GmbH

In Chapter 4 and Chapter 14.2, on the basis of types, the Intelligent Transport Systems market from 2018 to 2029 is primarily split into:

Advanced Traffic Management Systems (ATMS)
Advanced Transportation Pricing System (ATPS)
Advanced Traveler Information System (ATIS)
Advanced Public Transportation System (APTS)
Other Types

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Intelligent Transport Systems market from 2018 to 2029 covers:

Automotive Telematics
Collision Avoidance
Fleet Management and Asset Monitoring
Intelligent Traffic Control

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)