Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Base Year
Historical Year
Forecast Year
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.
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.
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.
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.
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.
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.
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:
|
Breakup by Offering |
|
Breakup by System |
|
Breakup by Roadways Application |
|
Breakup by Railway Application |
|
Breakup by Aviation Application |
|
Breakup by Maritime Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
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.
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124