Intelligent Transportation System

Intelligent Transportation System Market Value to Cross US$ 47.89 Bn by 2030 Intelligent Transportation System Market (By Type: ATIS, ATPS, ATMS, EMS, and APTS; By Application: Road Safety & Security, Traffic Management, Public Transport, Freight Management, Environment Protection, Parking Management, Automotive Telematics, Road Tolling Systems) - Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2021 - 2030

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[150+ Pages Report] The intelligent transportation system (ITS) market size in terms of value is projected to reach $ 47.89 billion by 2030 from US$ 29.69 billion in 2020, at a CAGR of 6.3% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global intelligent transportation system (ITS) market from 2017 to 2027, considering 2020 as the base year and 2027 as the forecast year.

The global intelligent transportation system (ITS) market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the intelligent transportation system (ITS) industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

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Growth Factors

Numerous government initiatives for the development of smart cities along with increasing adoption of smart transportation modes in order to reduce the traffic congestion are some of the major factors that drive the global intelligent transportation systems market. In respect to speed up the mobility of the traffic and reduce congestion governments of various regions significantly developing or investing heavily to develop the smart transport infrastructure.

Besides this, smart transportation system also helps to reduce the total number of deaths from road accidents by smartly assisting the drivers through GPS system, radio frequency, radars, and other mode of communication systems. As per the report published by NHSTA, there were nearly 52,190 vehicles in the United States that were involved in serious crashes occurred in 2016, among them 40,908 were passenger cars.

Further, rapid adoption of Internet of Things (IoT), Artificial Intelligence (AI), big data, and blockchain along with their significant penetration in automotive sector is another major factor that drives the growth of intelligent transportation system market. These solutions facilitate rapid exchange of information and data between service providers and consumers. In addition, the above mentioned solutions also offer accurate data and real-time visibility over shipment coupled with higher level of customer satisfaction and increased efficiency.

However, the sudden outbreak of corona virus in the early 2020 has disrupted several industries including transportation. New regulations and policies directed by the government in order to control the spread of corona virus have interrupted the supply chain. New laws for maintaining social distance impact badly on the growth of public transportation sector. Although, private mode of transportation such as self-owned vehicles expected to seek consequent growth in pandemic times.

Report Coverage:

Report Highlights Details
Market Size US$ 47.89 Bn by 2030
Growth Rate CAGR of 6.3% from 2020 to 2030
Base Year 2020
Forecast Year 2021 to 2030
Segments Covered Type, Application
Regional Scope North America, Europe, Asia Pacific, Rest of the World
Companies Mentioned Lanner Electronics, Hitachi Ltd., Kapsch TrafficCom, Denso Corporation, TomTom International BV, Siemens AG, Garmin International, Clever Devices Ltd., Nuance Communications

Report Highlights

  • North America led the global intelligent transportation system market with a revenue share of nearly 41% in the year 2020 due to technological advancement and rapid transformation in the automotive sector
  • The Asia Pacific anticipated to flourish at the fastest growth rate in the upcoming years because of fast penetration of advanced technologies in the automotive sector such as big data, IoT, AI, and blockchain
  • On the basis of type segment, Advanced Traffic Management System (ATMS) held the major revenue share on the global level accounting for more than 31.8% in 2020
  • Public transportation system segment expected to grow at the fastest rate during the forthcoming years owing to increasing number of passengers and investment for real-time information in public transportation
  • By application, traffic management segment captured majority of market share in the global intelligent transportation system market in the year 2020
  • Automotive telematics segment estimated to witness the highest growth rate of nearly 7.3% during the forecast period due to its positive impact on increasing the safety and security of a vehicle

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global intelligent transportation system (ITS) market are as follows:

  • Lanner Electronics
  • Hitachi Ltd.
  • Kapsch TrafficCom
  • Denso Corporation
  • TomTom International BV
  • Siemens AG
  • Garmin International
  • Clever Devices Ltd.
  • Nuance Communications
  • Lanner Electronics
  • Thales Group

Market Segmentation

  • Type Outlook
    • ATIS
    • ATPS
    • ATMS
    • EMS
    • APTS
  • Application Outlook
    • Road Safety & Security
    • Traffic Management
    • Public Transport
    • Freight Management
    • Environment Protection
    • Parking Management
    • Automotive Telematics
    • Road Tolling Systems

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Key Points Covered in Intelligent Transportation System Market Market Study:

Growth of intelligent transportation system (ITS) in 2021

Market Estimates and Forecasts (2017-2030)

Brand Share and Market Share Analysis

Key Drivers and Restraints Shaping Market Growth

Segment-wise, Country-wise, and Region-wise Analysis

Competition Mapping and Benchmarking

Recommendation on Key Winning Strategies

COVID-19 Impact on Demand for intelligent transportation system (ITS) and How to Navigate

Key Product Innovations and Regulatory Climate

Consumption Analysis

Production Analysis

Intelligent Transportation System Market and Management

Why should you invest in this report?

If you are aiming to enter the global intelligent transportation system (ITS) market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for intelligent transportation system (ITS) are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1.    Introduction

1.1.    Research Objective
1.2.    Scope of the Study
1.3.    Definition

Chapter 2.    Research Methodology

2.1.    Research Approach
2.2.    Data Sources
2.3.    Assumptions & Limitations

Chapter 3.    Executive Summary

3.1.    Market Snapshot

Chapter 4.    Market Variables and Scope 

4.1.    Introduction
4.2.    Market Classification and Scope
4.3.    Industry Value Chain Analysis
4.3.1.    Raw Material Procurement Analysis
4.3.2.    Sales and Distribution Channel Analysis
4.3.3.    Downstream Buyer Analysis

Chapter 5.    Market Dynamics Analysis and Trends

5.1.    Market Dynamics
5.1.1.    Market Drivers
5.1.2.    Market Restraints
5.1.3.    Market Opportunities
5.2.    Porter’s Five Forces Analysis
5.2.1.    Bargaining power of suppliers
5.2.2.    Bargaining power of buyers
5.2.3.    Threat of substitute
5.2.4.    Threat of new entrants
5.2.5.    Degree of competition

Chapter 6.    Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis
6.1.2.    Key Strategies Adopted by Players
6.1.3.    Vendor Landscape
6.1.3.1.    List of Suppliers
6.1.3.2.    List of Buyers

Chapter 7.    Global Intelligent Transportation System Market, By Product

7.1.    Intelligent Transportation System Market, by Product Type, 2021-2030
7.1.1.    ATIS
7.1.1.1.    Market Revenue and Forecast (2017-2030)
7.1.2.    ATPS
7.1.2.1.    Market Revenue and Forecast (2017-2030)
7.1.3.    ATMS
7.1.3.1.    Market Revenue and Forecast (2017-2030)
7.1.4.    EMS
7.1.4.1.    Market Revenue and Forecast (2017-2030)
7.1.5.    APTS
7.1.5.1.    Market Revenue and Forecast (2017-2030)

Chapter 8.    Global Intelligent Transportation System Market, By Application

8.1.    Intelligent Transportation System Market, by Application, 2021-2030
8.1.1.    Road Safety & Security
8.1.1.1.    Market Revenue and Forecast (2017-2030)
8.1.2.    Traffic Management
8.1.2.1.    Market Revenue and Forecast (2017-2030)
8.1.3.    Public Transport
8.1.3.1.    Market Revenue and Forecast (2017-2030)
8.1.4.    Freight Management
8.1.4.1.    Market Revenue and Forecast (2017-2030)
8.1.5.    Environment Protection
8.1.5.1.    Market Revenue and Forecast (2017-2030)
8.1.6.    Parking Management
8.1.6.1.    Market Revenue and Forecast (2017-2030)
8.1.7.    Automotive Telematics
8.1.7.1.    Market Revenue and Forecast (2017-2030)
8.1.8.    Road Tolling Systems
8.1.8.1.    Market Revenue and Forecast (2017-2030)
8.1.9.    Others
8.1.9.1.    Market Revenue and Forecast (2017-2030)

Chapter 9.    Global Intelligent Transportation System Market, Regional Estimates and Trend Forecast

9.1.    North America
9.1.1.    Market Revenue and Forecast, by Product (2017-2030)
9.1.2.    Market Revenue and Forecast, by Application (2017-2030)
9.1.3.    U.S.
9.1.3.1.    Market Revenue and Forecast, by Product (2017-2030)
9.1.3.2.    Market Revenue and Forecast, by Application (2017-2030)
9.1.4.    Rest of North America
9.1.4.1.    Market Revenue and Forecast, by Product (2017-2030)
9.1.4.2.    Market Revenue and Forecast, by Application (2017-2030)
9.2.    Europe
9.2.1.    Market Revenue and Forecast, by Product (2017-2030)
9.2.2.    Market Revenue and Forecast, by Application (2017-2030)
9.2.3.    UK
9.2.3.1.    Market Revenue and Forecast, by Product (2017-2030)
9.2.3.2.    Market Revenue and Forecast, by Application (2017-2030)
9.2.4.    Germany
9.2.4.1.    Market Revenue and Forecast, by Product (2017-2030)
9.2.4.2.    Market Revenue and Forecast, by Application (2017-2030)
9.2.5.    France
9.2.5.1.    Market Revenue and Forecast, by Product (2017-2030)
9.2.5.2.    Market Revenue and Forecast, by Application (2017-2030)
9.2.6.    Rest of Europe
9.2.6.1.    Market Revenue and Forecast, by Product (2017-2030)
9.2.6.2.    Market Revenue and Forecast, by Application (2017-2030)
9.3.    APAC
9.3.1.    Market Revenue and Forecast, by Product (2017-2030)
9.3.2.    Market Revenue and Forecast, by Application (2017-2030)
9.3.3.    India
9.3.3.1.    Market Revenue and Forecast, by Product (2017-2030)
9.3.3.2.    Market Revenue and Forecast, by Application (2017-2030)
9.3.4.    China
9.3.4.1.    Market Revenue and Forecast, by Product (2017-2030)
9.3.4.2.    Market Revenue and Forecast, by Application (2017-2030)
9.3.5.    Japan
9.3.5.1.    Market Revenue and Forecast, by Product (2017-2030)
9.3.5.2.    Market Revenue and Forecast, by Application (2017-2030)
9.3.6.    Rest of APAC
9.3.6.1.    Market Revenue and Forecast, by Product (2017-2030)
9.3.6.2.    Market Revenue and Forecast, by Application (2017-2030)
9.4.    MEA
9.4.1.    Market Revenue and Forecast, by Product (2017-2030)
9.4.2.    Market Revenue and Forecast, by Application (2017-2030)
9.4.3.    GCC
9.4.3.1.    Market Revenue and Forecast, by Product (2017-2030)
9.4.3.2.    Market Revenue and Forecast, by Application (2017-2030)
9.4.4.    North Africa
9.4.4.1.    Market Revenue and Forecast, by Product (2017-2030)
9.4.4.2.    Market Revenue and Forecast, by Application (2017-2030)
9.4.5.    South Africa
9.4.5.1.    Market Revenue and Forecast, by Product (2017-2030)
9.4.5.2.    Market Revenue and Forecast, by Application (2017-2030)
9.4.6.    Rest of MEA
9.4.6.1.    Market Revenue and Forecast, by Product (2017-2030)
9.4.6.2.    Market Revenue and Forecast, by Application (2017-2030)
9.5.    Latin America
9.5.1.    Market Revenue and Forecast, by Product (2017-2030)
9.5.2.    Market Revenue and Forecast, by Application (2017-2030)
9.5.3.    Brazil
9.5.3.1.    Market Revenue and Forecast, by Product (2017-2030)
9.5.3.2.    Market Revenue and Forecast, by Application (2017-2030)
9.5.4.    Rest of LATAM
9.5.4.1.    Market Revenue and Forecast, by Product (2017-2030)
9.5.4.2.    Market Revenue and Forecast, by Application (2017-2030)

Chapter 10.    Company Profiles

10.1.    Lanner Electronics
10.1.1.    Company Overview
10.1.2.    Product Offerings
10.1.3.    Financial Performance
10.1.4.    Recent Initiatives
10.2.    Hitachi Ltd.
10.2.1.    Company Overview
10.2.2.    Product Offerings
10.2.3.    Financial Performance
10.2.4.    Recent Initiatives
10.3.    Kapsch TrafficCom
10.3.1.    Company Overview
10.3.2.    Product Offerings
10.3.3.    Financial Performance
10.3.4.    Recent Initiatives
10.4.    Denso Corporation
10.4.1.    Company Overview
10.4.2.    Product Offerings
10.4.3.    Financial Performance
10.4.4.    Recent Initiatives
10.5.    TomTom International BV
10.5.1.    Company Overview
10.5.2.    Product Offerings
10.5.3.    Financial Performance
10.5.4.    Recent Initiatives
10.6.    Siemens AG
10.6.1.    Company Overview
10.6.2.    Product Offerings
10.6.3.    Financial Performance
10.6.4.    Recent Initiatives
10.7.    Garmin International
10.7.1.    Company Overview
10.7.2.    Product Offerings
10.7.3.    Financial Performance
10.7.4.    Recent Initiatives
10.8.    Clever Devices Ltd.
10.8.1.    Company Overview
10.8.2.    Product Offerings
10.8.3.    Financial Performance
10.8.4.    Recent Initiatives
10.9.    Nuance Communications
10.9.1.    Company Overview
10.9.2.    Product Offerings
10.9.3.    Financial Performance
10.9.4.    Recent Initiatives
10.10.    Lanner Electronics
10.10.1.    Company Overview
10.10.2.    Product Offerings
10.10.3.    Financial Performance
10.10.4.    Recent Initiatives

Chapter 11.    Research Methodology

11.1.    Primary Research
11.2.    Secondary Research
11.3.    Assumptions

Chapter 12.    Appendix

12.1.    About Us
12.2.    Glossary of Terms

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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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