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Global Intelligent Transportation Systems Market Size, Analysis, Trends, Forecast: By Offering: Hardware, Software, Services; By System: Advanced Traffic Management System, Others; By Roadways Application; By Railway Application; By Aviation Application; By Maritime Application; Regional Analysis; Competitive Landscape; 2024-2032
Global Intelligent Transportation Systems Market Outlook
The global intelligent transportation systems market size attained a value of approximately USD 28.28 billion in 2023. The market is further projected to grow at a CAGR of 8.6% in the forecast period of 2024-2032, reaching a value of around USD 59.42 billion by 2032.
Key Trends in the Market
Intelligent transportation systems (ITS) are the various systems that utilised advanced technologies to improve the efficiency and safety of different transportation modes, including roadways, railways, aviation, and maritime transport. They can be used to improve traffic management, enhance routing of vehicles, and aid in accident prevention for private, public, and commercial vehicles and vessels.
- Increasing population density, particularly in larger cities, has resulted in traffic congestions, higher vehicular emissions, and accidents. Rising awareness regarding the capabilities and potential of ITS and their ability to improve traffic and overall manage transportation are driving the intelligent transportation systems market growth.
- Advancements in technologies used for intelligent transportation systems, including hardware such as sensors and software to examine bulk data, is a key trend in the ITS market. As intelligent transportation systems become more accurate, efficient, cost-effective, and reliable, their adoption is likely to rise.
- Development of smart cities across the world is further assessed to augment the intelligent transportation systems market demand in the coming years. Intelligent transportation systems are becoming an integral component of smart cities so as to support safe, secure, and speedy transportation and mobility.
Market Analysis
Based on offering, the market is divided into hardware, software, and services, with hardware subdivided by type into interface boards, sensors, surveillance cameras, telecommunication networks, and monitoring and detection systems among others. Software is categorised by type into visualisation software, video detection management software, and transmit management software, among others, while services is bifurcated by type into business and cloud services, and support and maintenance services. On the basis of system, the intelligent transportation systems market segmentation is advanced traffic management system, advanced traveller information system, ITS-enabled transportation pricing system, advanced public transportation system, and commercial vehicle operation system.
By roadways application, the market is classified into intelligent traffic control, collision avoidance, parking management, passenger information management, ticketing management, emergency vehicle notification, automotive telematics, and fleet management and assets monitoring. Intelligent traffic control is further divided by type into traffic monitoring system, traffic control monitoring system, traffic enforcement cameras, and variable traffic message signboards. Based on railway application, the intelligent transportation systems market is segmented into rail-running operation and collision avoidance, passenger information management, smart ticketing, security and surveillance, and emergency notification, among others.
On the basis of aviation application, the market is divided into avoidance security and surveillance, shuttle bus tracking, traveller information management, smart ticketing, aircraft management, and emergency notification, among others. By maritime applications, the market is categorised into freight arrival and transmit, real time weather information tracking, container movement scheduling, and emergency notification, among others. The regional markets for intelligent transportation systems are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the intelligent transportation systems global market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- AECOM Technology Corporation
- Sumitomo Electric Industries, Ltd.
- Mundys SpA
- Advantech Co., Ltd
- Aimsun SLU
- Siemens Mobility GmbH
- Cubic Transportation Systems, Inc.
- Onnyx Electronisys Pvt. Ltd
- Chemito Infotech Pvt. Ltd.
- GMV Innovating Solutions, S.L.
- Other
Market Share by System
Advanced traffic management systems occupy a significant share of the intelligent transportation systems market based on system, fuelled by the growing importance of managing traffic. With rising disposable incomes and increasing populations, traffic congestion has increased considerably in major cities worldwide, leading to higher emissions of vehicle pollutants while also being time-consuming. Advanced traffic management systems or ATMS can aid in providing real-time information regarding traffic situations, facilitate rerouting of traffic, and optimise traffic signals. Predictive capabilities of advanced traffic management systems can aid travellers in choosing suitable transportation options to avoid delays, such as public transport or different routes for private travel. Hazards and accidents on roadways can also be taken into account by ATMS to reroute traffic for smoother movements.
Market Share by Region
Regionally, the Asia Pacific is anticipated to a rapidly growing share in the global intelligent transportation systems market, driven by increasing population and improvements in transportation infrastructure. Countries such as China, Japan, and India are investing substantially in improving the transportation systems within their respective countries, increasing the adoption of intelligent transportation systems. Rapid urbanisation in the Asia Pacific is resulting in increased traffic congestion, due to which countries are considering alternatives to improve transportation flow, such as intelligent transportation systems. Economic benefits of these systems, including reduced fuel consumption, lower risk of accidents, time savings, and diminished vehicular emissions are further increasing the adoption of ITS in the Asia Pacific, thereby increasing the regional intelligent transportation systems market share.
Competitive Landscape
AECOM Technology Corporation, is a leading infrastructure consulting company which was founded in 1990 and is headquartered in California in the United States. The company caters to applications such as cities, commercial and residential, energy, justice, national governments, transportation, sports and venues, education, and healthcare.
Sumitomo Electric Industries, Ltd., established in 1897 and based in Osaka, Japan, has core operations in five industries, namely, industrial materials, infocommunications, energy and environment, electronics, and automotive. The product portfolio of the company includes various raw materials, modules, components, end products, and systems.
Mundys SpA, active in the sectors for airport and motorway infrastructure and mobility-related services, was founded in 1950. Headquartered in Lazio, Italy, the company utilises its extensive assets to combine transportation infrastructure with platforms for digital service to provide advanced services for mobility that are safe and sustainable.
Other intelligent transportation systems market players include Advantech Co., Ltd, Aimsun SLU, Siemens Mobility GmbH, Cubic Transportation Systems, Inc., Onnyx Electronisys Pvt. Ltd, Chemito Infotech Pvt. Ltd., and GMV Innovating Solutions, S.L., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Offering |
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| Breakup by System |
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| Breakup by Roadways Application |
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| Breakup by Railway Application |
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| Breakup by Aviation Application |
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| Breakup by Maritime Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Intelligent Transportation Systems Market Analysis
8.1 Key Industry Highlights
8.2 Global Intelligent Transportation Systems Historical Market (2018-2023)
8.3 Global Intelligent Transportation Systems Market Forecast (2024-2032)
8.4 Global Intelligent Transportation Systems Market by Offering
8.4.1 Hardware
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.3 Breakup by Type
8.4.1.3.1 Interface Boards
8.4.1.3.2 Sensors
8.4.1.3.3 Surveillance Cameras
8.4.1.3.4 Telecommunication Networks
8.4.1.3.5 Monitoring and Detection System
8.4.1.3.6 Others
8.4.2 Software
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.3 Breakup by Type
8.4.2.3.1 Visualisation Software
8.4.2.3.2 Video Detection Management Software
8.4.2.3.3 Transmit Management Software
8.4.2.3.4 Others
8.4.3 Services
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.3.3 Breakup by Type
8.4.3.3.1 Business and Cloud Services
8.4.3.3.2 Support and Maintenance Services
8.5 Global Intelligent Transportation Systems Market by System
8.5.1 Advanced Traffic Management System
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Advanced Traveller Information System
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 ITS- Enabled Transportation Pricing System
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Advanced Public Transportation System
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Commercial Vehicle Operation System
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.6 Global Intelligent Transportation Systems Market by Roadways Application
8.6.1 Intelligent Traffic Control
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.1.3 Breakup by Type
8.6.1.3.1 Traffic Monitoring System
8.6.1.3.2 Traffic Control Monitoring System
8.6.1.3.3 Traffic Enforcement Cameras
8.6.1.3.4 Variable Traffic Message Signboards
8.6.2 Collision Avoidance
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Parking Management
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Passenger Information Management
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Ticketing Management
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Emergency Vehicle Notification
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Automotive Telematics
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Fleet Management and Assets Monitoring
8.6.8.1 Historical Trend (2018-2023)
8.6.8.2 Forecast Trend (2024-2032)
8.7 Global Intelligent Transportation Systems Market by Railway Application
8.7.1 Rail-Running Operation and Collision Avoidance
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Passenger Information Management
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Smart Ticketing
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Security and Surveillance
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Emergency Notification
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Others
8.8 Global Intelligent Transportation Systems Market by Aviation Application
8.8.1 Avoidance Security and Surveillance
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Shuttle Bus Tracking
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Traveller Information Management
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Smart Ticketing
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Aircraft Management
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Emergency Notification
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Others
8.9 Global Intelligent Transportation Systems Market by Maritime Application
8.9.1 Freight Arrival and Transmit
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Real Time Weather Information Tracking
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Container Movement Scheduling
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Emergency Notification
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Others
8.10 Global Intelligent Transportation Systems Market by Region
8.10.1 North America
8.10.1.1 Historical Trend (2018-2023)
8.10.1.2 Forecast Trend (2024-2032)
8.10.2 Europe
8.10.2.1 Historical Trend (2018-2023)
8.10.2.2 Forecast Trend (2024-2032)
8.10.3 Asia Pacific
8.10.3.1 Historical Trend (2018-2023)
8.10.3.2 Forecast Trend (2024-2032)
8.10.4 Latin America
8.10.4.1 Historical Trend (2018-2023)
8.10.4.2 Forecast Trend (2024-2032)
8.10.5 Middle East and Africa
8.10.5.1 Historical Trend (2018-2023)
8.10.5.2 Forecast Trend (2024-2032)
9 North America Intelligent Transportation Systems Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Intelligent Transportation Systems Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Intelligent Transportation Systems Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Intelligent Transportation Systems Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Intelligent Transportation Systems Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 AECOM Technology Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Sumitomo Electric Industries, Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Mundys SpA
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Advantech Co., Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Aimsun SLU
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Siemens Mobility GmbH
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Cubic Transportation Systems, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Onnyx Electronisys Pvt. Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Chemito Infotech Pvt. Ltd.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 GMV Innovating Solutions, S.L.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Intelligent Transportation Systems Market: Key Industry Highlights, 2018 and 2032
2. Global Intelligent Transportation Systems Historical Market: Breakup by Offering (USD Million), 2018-2023
3. Global Intelligent Transportation Systems Market Forecast: Breakup by Offering (USD Million), 2024-2032
4. Global Intelligent Transportation Systems Historical Market: Breakup by System (USD Million), 2018-2023
5. Global Intelligent Transportation Systems Market Forecast: Breakup by System (USD Million), 2024-2032
6. Global Intelligent Transportation Systems Historical Market: Breakup by Roadways Application (USD Million), 2018-2023
7. Global Intelligent Transportation Systems Market Forecast: Breakup by Roadways Application (USD Million), 2024-2032
8. Global Intelligent Transportation Systems Historical Market: Breakup by Railways Application (USD Million), 2018-2023
9. Global Intelligent Transportation Systems Market Forecast: Breakup by Railways Application (USD Million), 2024-2032
10. Global Intelligent Transportation Systems Historical Market: Breakup by Aviation Application (USD Million), 2018-2023
11. Global Intelligent Transportation Systems Market Forecast: Breakup by Aviation Application (USD Million), 2024-2032
12. Global Intelligent Transportation Systems Historical Market: Breakup by Maritime Application (USD Million), 2018-2023
13. Global Intelligent Transportation Systems Market Forecast: Breakup by Maritime Application (USD Million), 2024-2032
14. Global Intelligent Transportation Systems Historical Market: Breakup by Region (USD Million), 2018-2023
15. Global Intelligent Transportation Systems Market Forecast: Breakup by Region (USD Million), 2024-2032
16. North America Intelligent Transportation Systems Historical Market: Breakup by Country (USD Million), 2018-2023
17. North America Intelligent Transportation Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Europe Intelligent Transportation Systems Historical Market: Breakup by Country (USD Million), 2018-2023
19. Europe Intelligent Transportation Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Asia Pacific Intelligent Transportation Systems Historical Market: Breakup by Country (USD Million), 2018-2023
21. Asia Pacific Intelligent Transportation Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Latin America Intelligent Transportation Systems Historical Market: Breakup by Country (USD Million), 2018-2023
23. Latin America Intelligent Transportation Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Middle East and Africa Intelligent Transportation Systems Historical Market: Breakup by Country (USD Million), 2018-2023
25. Middle East and Africa Intelligent Transportation Systems Market Forecast: Breakup by Country (USD Million), 2024-2032
26. Global Intelligent Transportation Systems Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 28.28 billion.
The market is expected to grow at a CAGR of 8.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 59.42 billion by 2032.
The major drivers of the market include increasing urbanisation worldwide, growing traffic on different transportation modes, and widespread prevalence of traffic accidents.
The key intelligent transportation systems market trends include increasing development of smart cities, improvements in technology for intelligent transportation systems, rising development of autonomous vehicles, and growing focus on sustainability in transportation.
The various systems in the market for intelligent transportation systems are advanced traffic management system, advanced traveller information system, ITS-enabled transportation pricing system, advanced public transportation system, and commercial vehicle operation system.
The significant roadways applications of intelligent transportation systems in the market are intelligent traffic control, collision avoidance, parking management, passenger information management, ticketing management, emergency vehicle notification, automotive telematics, and fleet management and assets monitoring.
The major players in the market, according to the report, are AECOM Technology Corporation, Sumitomo Electric Industries, Ltd., Mundys SpA, Advantech Co., Ltd, Aimsun SLU, Siemens Mobility GmbH, Cubic Transportation Systems, Inc., Onnyx Electronisys Pvt. Ltd, Chemito Infotech Pvt. Ltd., and GMV Innovating Solutions, S.L., among others.
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