Intelligent Transportation Systems Market

Intelligent Transportation Systems Market by Offering, Systems (Advanced Traffic Management System, Advanced Traveler Information System, ITS-Enabled Transportation Pricing System), Application, and Geography - ITS Market Global Forecast to 2023

Report Code: SE 2415 Mar, 2018, by marketsandmarkets.com

The intelligent transportation systems market size in roadways is expected to be worth USD 23.3 billion in 2018 and USD 30.7 billion by 2023, growing at a CAGR of 5.65% between 2018 and 2023. The factors such as increasing concerns related to public safety, growing traffic congestion problem, and increasing favorable initiatives taken by the government for effective traffic management have proved to be the major driving forces for ITS market in roadways. Even though development of smart cities across the world is driving the ITS market in roadways, it is facing challenges in achieving interoperable and standard ITS architecture.

Intelligent Transportation System Market

By offering, software segment is expected to grow at highest CAGR during forecast period

In this report, the intelligent transportation systems market in roadways, by offering, has been segmented into hardware, software, and services. Among the three, software segment is expected to witness highest growth rate during the forecast period. The high growth rate of the software segment is attributed to the deployment of various advanced software solutions and complex algorithms to strengthen the overall information and communication systems. In addition, the US Department of Transportation (USDOT), along with the Open Source Application Development Portal (OSADP), facilitates the advancement of research, development, planning, testing, and deployment of connected vehicle and traveler-related applications and ITS. This sort of initiative taken by the government is likely to enhance the software segment with significant advancement, thereby justifying the high growth rate of the software segment throughout the forecast period.

By system, advanced traffic management system segment to account for largest market share during forecast period

The advanced traffic management system held the largest market share in 2018 and is expected hold the dominant position throughout the forecast period. The largest market size of advanced traffic management systems can be attributed to the increasing traffic congestion on roads across the world and ability of these systems in helping traffic mangers in taking appropriate decisions. Advanced traffic management system continuously monitors the expressway and highway by providing valuable feedback and information to the central control room to take suitable actions.

Intelligent Transportation System Market

North America to account for largest market share during forecast period

North America is expected to account for the largest share of intelligent transportation systems market in roadways during the forecast period. The market in this region is also expected to witness significant growth during 2018–2023. One of the major reasons for the leading position of North America is the large transport infrastructure upgrade in countries such as the US and Canada. Furthermore, the highest CAGR of APAC is owing to the transport infrastructure related development in economically developing countries including China, and India.

Key Market Players

Key players in the intelligent transportation systems market in roadways include Thales (France), Siemens (Germany), Garmin (Switzerland), Kapsch TrafficCom (Austria), TomTom International (Netherlands), Cubic (US), Q-Free (Norway), EFKON (Austria), FLIR Systems (US), and Denso (Japan). Thales (France) is one of the well-known companies in the ITS market. It’s key strategy is to develop new and innovative products and solutions in the field of ITS; for instance, it launched TransCity and a new telecommunication satellite in 2015. The company is signing various contracts and partnership agreements to expand its business globally. For instance, in November 2017, Thales has been awarded a 3-year contract by Egypt National Railways (ENR) for the modernization of the signaling and telecommunications systems and all works related to a 180-km section of line between the towns of Asyut and Nagh Hammadi, located in the Upper Egypt portion of the Alexandria–Cairo–Aswan rail corridor.

Scope of the Report:

Report Metric

Details

Report Name

Intelligent Transportation Systems Market | ITS Market

Base year

2017

Forecast period

2018–2023

Forecast units

Value in terms of USD million and billion

Segments covered

by Offering, ITS System, Application, and Geography

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Thales (France), Siemens (Germany), Garmin (Switzerland), Kapsch TrafficCom (Austria), TomTom International (Netherlands), Cubic (US), Q-Free (Norway), EFKON (Austria), FLIR Systems (US), and Denso (Japan). Thales (France)

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the emerging applications of ITS?
  • How are technological advancements in hardware and software components influencing the ITS market in roadways?
  • Which system is expected to penetrate significantly in the ITS market in roadways?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

    Table of Contents

    1 Introduction (Page No. - 17)
        1.1 Objectives of Study
        1.2 Definition
        1.3 Market Scope
               1.3.1 Markets Covered
               1.3.2 Years Considered for Study
        1.4 Currency
        1.5 Package Size
        1.6 Limitations
        1.7 Market Stakeholders

    2 Research Methodology (Page No. - 21)
        2.1 Research Data
               2.1.1 Secondary Data
                        2.1.1.1 List of Major Secondary Sources
                        2.1.1.2 Secondary Sources
               2.1.2 Primary Data
                        2.1.2.1 Primary Interviews With Experts
                        2.1.2.2 Key Data From Primary Sources
                        2.1.2.3 Key Industry Insights
                        2.1.2.4 Breakdown of Primaries
               2.1.3 Secondary and Primary Research
        2.2 Market Size Estimation
               2.2.1 Bottom-Up Approach
                        2.2.1.1 Approach for Capturing Market Share By Bottom-Up Analysis (Demand Side)
               2.2.2 Top-Down Approach
                        2.2.2.1 Approach for Capturing Market Share By Top-Down Analysis (Supply Side)
        2.3 Data Triangulation
        2.4 Research Assumptions

    3 Executive Summary (Page No. - 31)

    4 Premium Insights (Page No. - 37)
        4.1 Major Opportunities in the Intelligent Transportation Systems Market
        4.2 Market for Roadways, By Offering
        4.3 Market for Roadways in APAC
        4.4 North America Held Largest Share of Intelligent Transportation Systems Market for Roadways in 2017
        4.5 Intelligent Transportation System Market for Railways, By Application

    5 Market Overview (Page No. - 41)
        5.1 Introduction
        5.2 Market Dynamics for ITS in Roadways
               5.2.1 Drivers
                        5.2.1.1 Increasing Concerns Related to Public Safety
                        5.2.1.2 Increasing Traffic Congestion Problem
                        5.2.1.3 Favorable Initiatives Taken By Government for Effective Traffic Management
                        5.2.1.4 Increasing Concerns Toward Protecting Environment With Ecofriendly Automobile Technology
                        5.2.1.5 Development of Smart Cities Across the World
               5.2.2 Restraints
                        5.2.2.1 High Expenses Associated With ITS Installation
                        5.2.2.2 Relatively Slow Growing Infrastructure Sector
               5.2.3 Opportunities
                        5.2.3.1 Designing and Developing Smart Vehicles Compatible With ITS
                        5.2.3.2 Increasing Public–Private Partnerships (PPPs)
                        5.2.3.3 Increasing Number of Economically and Technologically Developing Countries
               5.2.4 Challenges
                        5.2.4.1 Achieving Interoperable and Standard ITS Architecture
        5.3 Market Dynamics for ITS in Railways
               5.3.1 Drivers
                        5.3.1.1 Increasing Concerns Regarding Security and Surveillance
                        5.3.1.2 Increasing Number of Railway Accidents
               5.3.2 Restraints
                        5.3.2.1 Relatively Slow Growing Railway Infrastructure
               5.3.3 Opportunities
                        5.3.3.1 Availability of Diverse Services and Solutions
        5.4 Market Dynamics for ITS in Aviation
               5.4.1 Drivers
                        5.4.1.1 Growing Focus on Efficient Airline Operations
                        5.4.1.2 Increasing Concerns for Conservation of Environment
               5.4.2 Restraints
                        5.4.2.1 Lack of Funding and Synchronization Among Agencies
               5.4.3 Opportunities
                        5.4.3.1 Industry Goals and Initiatives Taken to Reduce Co2 Emission
        5.5 Market Dynamics for ITS in Maritime
               5.5.1 Drivers
                        5.5.1.1 Improving Maritime Logistics Infrastructure
               5.5.2 Restraints
                        5.5.2.1 Inappropriate Coordination Among Authorities for Integration and Information Exchange
               5.5.3 Opportunities
                        5.5.3.1 Enhancement of Information and Communication Technologies
        5.6 Value Chain Analysis

    6 ITS Market, By Protocol (Page No. - 53)
        6.1 Introduction
        6.2 Short Range
               6.2.1 Wave (IEEE 802.11)
               6.2.2 Wpan (IEEE 802.15)
        6.3 Long Range
               6.3.1 Wimax (IEEE 802.11)
               6.3.2 Ofdm
        6.4 IEEE 1512
        6.5 Traffic Management Data Dictionary (TMDD)
        6.6 Others

    7 ITS Market for Roadways, By Offering (Page No. - 57)
        7.1 Introduction
        7.2 Hardware
               7.2.1 Interface Board
                        7.2.1.1 Multifunctional Board
                        7.2.1.2 Vehicle Detection Board
                        7.2.1.3 Communication Board
               7.2.2 Sensor
                        7.2.2.1 Vehicle Detection Sensor
                        7.2.2.2 Pedestrian Presence Sensor
                        7.2.2.3 Speed Sensor
               7.2.3 Surveillance Camera
                        7.2.3.1 Thermal Camera
                        7.2.3.2 Aid Camera
               7.2.4 Telecommunication Network
                        7.2.4.1 Fiber Optics
                        7.2.4.2 Copper Line
                        7.2.4.3 Wireless Media
               7.2.5 Monitoring and Detection System
                        7.2.5.1 Automatic Number Plate Detection
                        7.2.5.2 Intelligent Traffic Controller
               7.2.6 Others
                        7.2.6.1 Linked Traffic Controller
                        7.2.6.2 Variable Message Sign
        7.3 Software
               7.3.1 Visualization Software
               7.3.2 Video Detection Management Software
               7.3.3 Transit Management System
               7.3.4 Others
        7.4 Services
               7.4.1 Business and Cloud Services
               7.4.2 Support and Maintenance Services

    8 Intelligent Transportation Systems Market in Roadways, By System (Page No. - 72)
        8.1 Introduction
        8.2 Advanced Traffic Management System (ATMS)
        8.3 Advanced Traveler Information System (ATIS)
               8.3.1 Vehicle-To-Vehicle (V2V) and Vehicle-To-Infrastructure (V2I) Communication
        8.4 ITS-Enabled Transportation Pricing System
        8.5 Advanced Public Transportation System (APTS)
        8.6 Commercial Vehicle Operation

    9 ITS Market for Roadways, By Application (Page No. - 80)
        9.1 Introduction
        9.2 Fleet Management and Asset Monitoring
        9.3 Intelligent Traffic Control
               9.3.1 Traffic Monitoring
               9.3.2 Traffic Signal Control
               9.3.3 Traffic Enforcement Cameras
               9.3.4 Variable Traffic Message Sign
        9.4 Collision Avoidance
        9.5 Parking Management
        9.6 Passenger Information Management
        9.7 Ticketing Management
        9.8 Emergency Vehicle Notification
        9.9 Automotive Telematics

    10 ITS Market for Railways, By Application (Page No. - 92)
         10.1 Introduction
         10.2 Rail-Running Operation and Collision Avoidance
         10.3 Passenger Information Management
         10.4 Smart Ticketing
         10.5 Security and Surveillance
         10.6 Emergency Notification
         10.7 Others

    11 Intelligent Transportation Systems Market Market for Aviation, By Application (Page No. - 100)
         11.1 Introduction
         11.2 Security and Surveillance
         11.3 Shuttle Bus Tracking
         11.4 Traveler Information
         11.5 Smart Ticketing
         11.6 Aircraft Management
         11.7 Emergency Notification
         11.8 Others

    12 ITS Market in Maritime, By Application (Page No. - 108)
         12.1 Introduction
         12.2 Freight Arrival and Transit
         12.3 Real-Time Weather Information
         12.4 Scheduling of Container Movement
         12.5 Emergency Notification
         12.6 Others

    13 Geographic Analysis (Page No. - 116)
         13.1 Introduction
         13.2 North America
                 13.2.1 US
                 13.2.2 Canada
                 13.2.3 Mexico
         13.3 Europe
                 13.3.1 UK
                 13.3.2 Germany
                 13.3.3 France
                 13.3.4 Italy
                 13.3.5 Spain
                 13.3.6 Belgium
                 13.3.7 Poland
                 13.3.8 Denmark
                 13.3.9 Austria
                 13.3.10 Sweden
                 13.3.11 Rest of Europe
         13.4 APAC
                 13.4.1 China
                 13.4.2 Japan
                 13.4.3 South Korea
                 13.4.4 India
                 13.4.5 Australia
                 13.4.6 Rest of APAC
         13.5 Rest of World (RoW)
                 13.5.1 South America
                 13.5.2 Africa
                 13.5.3 Middle East

    14 Competitive Landscape (Page No. - 135)
         14.1 Overview
         14.2 Market Ranking Analysis of Players, 2017
         14.3 Competitive Scenario
                 14.3.1 Product Developments and Launches
                 14.3.2 Partnerships, Contracts, Agreements, and Collaborations
                 14.3.3 Acquisitions

    15 Company Profile (Page No. - 141)
    (Business Overview, Products and Solutions & Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
         15.1 Key Players
                 15.1.1 Thales
                 15.1.2 Siemens
                 15.1.3 Garmin
                 15.1.4 Kapsch Trafficcom
                 15.1.5 Tomtom International
                 15.1.6 Cubic
                 15.1.7 Q-Free
                 15.1.8 Efkon
                 15.1.9 Flir Systems
                 15.1.10 Denso
         15.2 Key Innovators
                 15.2.1 Geotoll
                 15.2.2 Electricfeel
                 15.2.3 Doublemap
                 15.2.4 Bestmile
                 15.2.5 Nutonomy
         15.3 Other Companies in ITS Market
                 15.3.1 Iteris
                 15.3.2 Ricardo
                 15.3.3 Savari
                 15.3.4 Transcore
                 15.3.5 Lanner Electronics

    *Details on Business Overview, Products and Solutions & Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

    16 Appendix (Page No. - 181)
         16.1 Discussion Guide
         16.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
         16.3 Introducing RT: Real-Time Market Intelligence
         16.4 Available Customizations
         16.5 Related Reports
         16.6 Author Details


    List of Tables (65 Tables)

    Table 1 Intelligent Transportation Systems Market for Roadways, By Offering, 2015–2023 (USD Billion)
    Table 2 Market for Hardware in Roadways, By Component, 2015–2023 (USD Billion)
    Table 3 Market for Interface Boards in Roadways, By Subcomponent, 2015–2023 (USD Billion)
    Table 4 Market for Sensors in Roadways, By Subcomponent, 2015–2023 (USD Billion)
    Table 5 Market for Sensors in Roadways, By Subcomponent, 2015–2023 (Million Units)
    Table 6 Market for Surveillance Cameras in Roadways, By Subcomponent, 2015–2023 (USD Billion)
    Table 7 Market for Surveillance Cameras in Roadways, By Subcomponent, 2015–2023 (Million Units)
    Table 8 Intelligent Transportation System for Telecommunication Networks in Roadways, By Subcomponent, 2015–2023 (USD Billion)
    Table 9 ITS Market for Monitoring and Detection Systems in Roadways, By Subcomponent, 2015–2023 (USD Billion)
    Table 10 Market for Other Hardware Components in Roadways, By Subcomponent, 2015–2023 (USD Billion)
    Table 11 Intelligent Transportation System for Software in Roadways, By Component, 2015–2023 (USD Billion)
    Table 12 Market in Roadways, By Service, 2015–2023 (USD Billion)
    Table 13 Intelligent Transportation System for Roadways, By System, 2015–2023 (USD Billion)
    Table 14 Intelligent Transportation System for Advanced Traffic Management Systems, By Region, 2015–2023 (USD Billion)
    Table 15 Market for Advanced Traveler Information Systems, By Region, 2015–2023 (USD Billion)
    Table 16 Market for ITS-Enabled Transportation Pricing Systems, By Region, 2015–2023 (USD Billion)
    Table 17 Market for Advanced Public Transportation Systems, By Region, 2015–2023 (USD Billion)
    Table 18 Market for Commercial Vehicle Operations, By Region, 2015–2023 (USD Billion)
    Table 19 Intelligent Transportation Systems Market for Roadways, By Application, 2015–2023 (USD Billion)
    Table 20 Market for Fleet Management and Asset Monitoring Applications, By Region, 2015–2023 (USD Million)
    Table 21 Market for Intelligent Traffic Control Applications, By Subsystem, 2015–2023 (USD Billion)
    Table 22 Market for Intelligent Traffic Control, By Region, 2015–2023 (USD Million)
    Table 23 Intelligent Transportation Systems Market for Collision Avoidance Applications, By Region, 2015–2023 (USD Million)
    Table 24 Market for Parking Management Applications, By Region, 2015–2023 (USD Million)
    Table 25 Market for Passenger Information Management Applications, By Region, 2015–2023 (USD Million)
    Table 26 Market for Ticketing Management Application, By Region, 2015–2023 (USD Million)
    Table 27 Market for Emergency Vehicle Notification Applications, By Region, 2015–2023 (USD Million)
    Table 28 Intelligent Transportation System for Automotive Telematics Applications, By Region, 2015–2023 (USD Million)
    Table 29 ITS Market for Railways, By Application, 2015–2023 (USD Billion)
    Table 30 Market for Rail-Running Operation & Collision Avoidance Applications, By Region, 2015–2023 (USD Million)
    Table 31 Intelligent Transportation System for Passenger Information Management Applications, By Region, 2015–2023 (USD Million)
    Table 32 ITS Market for Smart Ticketing Applications, By Region, 2015–2023 (USD Million)
    Table 33 Market for Security and Surveillance Applications, By Region, 2015–2023 (USD Million)
    Table 34 ITS Market for Emergency Notification Applications, By Region, 2015–2023 (USD Million)
    Table 35 Market for Other Applications, By Region, 2015–2023 (USD Million)
    Table 36 Market for Aviation, By Application, 2015–2023 (USD Million)
    Table 37 Market for Security and Surveillance Applications, By Region, 2015–2023 (USD Million)
    Table 38 Market for Shuttle Bus Tracking Applications, By Region, 2015–2023 (USD Million)
    Table 39 Market for Traveler Information Applications, By Region, 2015–2023 (USD Million)
    Table 40 Intelligent Transportation Systems Market for Smart Ticketing Applications, By Region, 2015–2023 (USD Million)
    Table 41 Market for Aircraft Management Applications, By Region, 2015–2023 (USD Million)
    Table 42 Market for Emergency Notification Applications, By Region, 2015–2023 (USD Million)
    Table 43 ITS Market for Other Applications, By Region, 2015–2023 (USD Million)
    Table 44 Market for Maritime, By Application, 2015–2023 (USD Billion)
    Table 45 Market for Freight Arrival and Transit Applications, By Region, 2015–2023 (USD Million)
    Table 46 Intelligent Transportation System Market for Real-Time Weather Information Applications, By Region, 2015–2023 (USD Million)
    Table 47 Market for Scheduling of Container Movement Applications, By Region, 2015–2023 (USD Million)
    Table 48 Market for Emergency Notification Applications, By Region, 2015–2023 (USD Million)
    Table 49 ITS Market for Other Applications, By Region, 2015–2023 (USD Million)
    Table 50 Intelligent Transportation Systems Market for Roadways, By Region, 2015–2023 (USD Billion)
    Table 51 Market for Railways, By Region, 2015–2023 (USD Billion)
    Table 52 ITS Market for Aviation, By Region, 2015–2023 (USD Billion)
    Table 53 Market for Maritime, By Region, 2015–2023 (USD Billion)
    Table 54 Market for Roadways in North America, By Country, 2015–2023 (USD Billion)
    Table 55 Market for Roadways in North America, By System, 2015–2023 (USD Billion)
    Table 56 ITS Market for Roadways in Europe, By Country, 2015–2023 (USD Billion)
    Table 57 Market for Roadways in Europe, By System, 2015–2023 (USD Billion)
    Table 58 Market for Roadways in APAC, By Country, 2015–2023 (USD Billion)
    Table 59 Market for Roadways in APAC, By System, 2015–2023 (USD Billion)
    Table 60 Market for Roadways in RoW, By Country, 2015–2023 (USD Billion)
    Table 61 Intelligent Transportation System Market for Roadways in RoW, By System, 2015–2023 (USD Billion)
    Table 62 Market Ranking for Intelligent Transportation System (ITS) Market, 2017
    Table 63 Product Developments and Launches, 2015–2017
    Table 64 Partnerships, Contracts, Agreements, and Collaborations, 2017
    Table 65 Acquisitions, 2016-2017


    List of Figures (70 Figures)

    Figure 1 Research Design
    Figure 2 Process Flow of Market Size Estimation
    Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
    Figure 4 Market Size Estimation Methodology: Top-Down Approach
    Figure 5 Data Triangulation
    Figure 6 Intelligent Transportation System , 2015–2023
    Figure 7 Commercial Vehicle Operation in Intelligent Transportation System for Roadways Expected to Grow at Highest CAGR During Forecast Period
    Figure 8 Intelligent Traffic Control Application Expected to Hold Largest Size of Intelligent Transportation System Market for Roadways in 2018
    Figure 9 Aircraft Management Expected to Hold Largest Size of Intelligent Transportation System Market for Aviation in 2018
    Figure 10 Freight Arrival & Transit Expected to Hold Largest Size of Intelligent Transportation System Market for Maritime in 2018
    Figure 11 North America Held Largest Share of Intelligent Transportation System for Roadways in 2017
    Figure 12 Lucrative Growth Prospects of Intelligent Transportation System Market
    Figure 13 ITS Market for Software Expected to Witness Highest Growth CAGR During Forecast Period
    Figure 14 Advanced Traffic Management System Held Largest Share of Intelligent Transportation System Market in APAC in 2017
    Figure 15 US Dominated Intelligent Transportation System for Roadways in 2017
    Figure 16 Intelligent Transportation System Market for Smart Ticketing Application to Grow at Highest CAGR During Forecast Period
    Figure 17 Intelligent Transportation System: Market Dynamics for Roadways
    Figure 18 Road Traffic Death Rates in Low-, Medium-, and High-Income Countries, in 2015
    Figure 19 Intelligent Transportation Systems: Market Dynamics for Railway
    Figure 20 Intelligent Transportation Systems: Market Dynamics for Aviation
    Figure 21 Intelligent Transportation Systems: Market Dynamics for Maritime
    Figure 22 Value Chain Analysis : Intelligent Transportation System Market
    Figure 23 ITS Market: By Protocol
    Figure 24 Market for Roadways: By Offering
    Figure 25 Market for Software Expected to Grow at Highest CAGR During Forecast Period
    Figure 26 Market: Hardware Types
    Figure 27 Market for Communication Boards Expected to Grow at Highest CAGR During Forecast Period
    Figure 28 Market for Wireless Media Expected to Grow at Highest CAGR During Forecast Period
    Figure 29 Intelligent Transportation Systems Market: Software Types
    Figure 30 Video Detection Management Software to Hold the Largest Size in the Software Market During the Forecast Period
    Figure 31 Intelligent Transportation Systems Market: By Services
    Figure 32 ITS Market for Roadways: By System
    Figure 33 Advanced Traffic Management System Expected to Hold Largest Size of ITS Market for Roadways During Forecast Period
    Figure 34 North America Estimated to Hold Largest Size of ITS Market for Advanced Traffic Management Systems in 2018
    Figure 35 Market for ITS-Enabled Transportation Pricing Systems in APAC Expected to Grow at Highest CAGR Between 2018 and 2023
    Figure 36 ITS Market for Roadways: By Application
    Figure 37 Intelligent Traffic Control Application Expected to Hold Largest Size of ITS Market for Roadways and Expected to Continue During Forecast Period
    Figure 38 Market for Fleet Management and Asset Monitoring Applications in APAC Expected to Grow at Highest CAGR During Forecast Period
    Figure 39 Types of Intelligent Traffic Control
    Figure 40 Traffic Monitoring Application Expected to Hold Largest Size of ITS Market for Intelligent Traffic Control in 2018
    Figure 41 North America Expected to Hold Largest Size of ITS Market for Ticketing Management in 2018
    Figure 42 ITS Market for Railways: By Application
    Figure 43 Market for Smart Ticketing Applications Expected to Grow at Highest CAGR During Forecast Period
    Figure 44 ITS Market for Rail-Running Operation and Collision Avoidance Applications in APAC is Expected to Grow at Highest CAGR During Forecast Period
    Figure 45 ITS Market for Security and Surveillance Applications in APAC Expected to Grow at Highest CAGR During Forecast Period
    Figure 46 Market for Aviation: By Application
    Figure 47 ITS Market for Smart Ticketing Applications Expected to Grow at Highest CAGR During Forecast Period
    Figure 48 ITS Market for Smart Ticketing Applications in APAC Expected to Grow at Highest CAGR During Forecast Period
    Figure 49 Market for Maritime: By Application
    Figure 50 Freight Arrival and Transit Application Expected to Hold the Largest Size of ITS Market for Maritime By 2023
    Figure 51 ITS Market for Freight Arrival and Transit Applications in APAC Expected to Grow at Highest CAGR During Forecast Period
    Figure 52 North America Expected to Hold Largest Size of ITS Market for Real-Time Weather Information Applications in 2018
    Figure 53 North America to Hold Largest Size of ITS Market for Emergency Notification Applications During Forecast Period
    Figure 54 Market: By Region
    Figure 55 Geographic Snapshot of ITS Market for Roadways (2018–2023)
    Figure 56 North America: Snapshot of ITS Market for Roadways
    Figure 57 Market Snapshot for Roadways: Europe
    Figure 58 APAC: Snapshot of ITS Market for Roadways
    Figure 59 RoW: Snapshot of ITS Market for Roadways
    Figure 60 Growth Strategies Adopted By the Companies Over the Past Three Years (2015–2017)
    Figure 61 Market Evaluation Framework: Contracts, Agreements, and Partnerships Fuelled Growth and Innovation Between 2015 and 2017
    Figure 62 Thales: Company Snapshot
    Figure 63 Siemens: Company Snapshot
    Figure 64 Garmin: Company Snapshot
    Figure 65 Kapsch Trafficcom: Company Snapshot
    Figure 66 Tomtom International: Company Snapshot
    Figure 67 Cubic: Company Snapshot
    Figure 68 Q-Free: Company Snapshot
    Figure 69 Flir Systems: Company Snapshot
    Figure 70 Denso: Company Snapshot

    The study involved 4 major activities to estimate the current size for intelligent transportation systems (ITS) market in roadways. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.

    Secondary Research

    In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include intelligent transportation system journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.

    Primary Research

    In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the ITS market in roadways. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as verify and validate the critical numbers arrived at.

    Intelligent Transportation System Market

    To know about the assumptions considered for the study, download the pdf brochure

    Market Size Estimation

    In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the ITS market in roadways and other dependent submarkets listed in this report.

    • Key players in the industry and markets have been identified through extensive secondary research
    • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes
    • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

    Data Triangulation

    After arriving at the overall market size from the estimation process explained above, the overall market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends identified from both demand and supply sides.

    Report Objectives

    The following are the major objectives of the study.

    • To define, describe, segment, and forecast the global ITS market in roadways, in terms of value, on the basis of offering, system, application, and geography
    • To forecast the global ITS market, in terms of volume, segmented on the basis of hardware component
    • To forecast the market size of the segments with respect to 4 main regions—North America, Europe, APAC, and RoW, along with their countries
    • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
    • To provide a detailed value chain for the ITS industry
    • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and contributions to the total market
    • To analyze the opportunities for stakeholders in the market and detail the competitive landscape of the market leaders
    • To strategically profile the key players and comprehensively analyze their market shares and core competencies
    • To analyze the competitive strategies such as contracts, joint ventures, mergers and acquisitions, product launches and developments, and research and developments adopted by the ITS market players
    • To map the competitive intelligence on the basis of the company profiles, key player strategies, and game-changing developments such as contracts, product launches, collaborations, and acquisitions

    Scope of the Report

    Report Metric

    Details

    Market size available for years

    2015–2023

    Base year considered

    2017

    Forecast period

    2018–2023

    Forecast units

    Value (USD)

    Segments covered

    Offering, System, Application, and Region

    Geographies covered

    North America, APAC, Europe, and RoW

    Companies covered

    Thales (France), Siemens (Germany), Garmin (Switzerland), Kapsch TrafficCom (Austria), TomTom International (Netherlands), and Cubic (US), among others (total 20 players are covered).

    This research report categorizes the ITS market in roadways market based on offering, system, application, and region.

    ITS Market in Roadways, by Offering

    • Hardware
    • Software
    • Services

    ITS Market in Roadways, by System

    • Advanced Traffic Management System
    • Advanced Traveler Information System
    • ITS-Enabled Transportation Pricing System
    • Advanced Public Transportation System
    • Commercial Vehicle Operation

    ITS Market in Roadways, by Application

    • Fleet Management and Asset Monitoring
    • Intelligent Traffic Control
    • Collision Avoidance
    • Parking Management
    • Passenger Information Management
    • Ticketing Management
    • Emergency Vehicle Notification
    • Automotive Telematics

    ITS Market in Roadways, by Geography

    • North America (US, Canada, and Mexico)
    • Europe (UK, Germany, France, Italy, Spain, Belgium, Poland, Denmark, Austria, Sweden, and Rest of Europe)
    • APAC (China, Japan, South Korea, India, Australia, and Rest of APAC)
    • RoW (South America, Middle East, and Africa)

    Available Customizations

    With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

    • Country-wise breakdown of all the regions by system

    Company Information:

    • Detailed analysis and profiling of additional market players (up to 5)
    Report Code
    SE 2415
    Published ON
    Mar, 2018
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