Intelligent Transportation System Market

Intelligent Transportation System 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 Nov, 2019, by marketsandmarkets.com
Updated date -

The intelligent transportation system market size for roadways size is projected to reach USD 30.7 billion by 2023 from an estimation of USD 23.4 billion in 2018, at a CAGR of 5.7%. The key factors driving this market include increasing concerns related to public safety and increasing traffic congestion problem. Furthermore, underlying opportunities in this space include designing and developing smart vehicles compatible with ITS.

Intelligent Transportation System Market

Key Market Dynamics in Intelligent Transportation System Market

Increasing concerns toward protecting environment with ecofriendly automobile technology

The significant increase in the number of vehicles each year is among the major reasons of greenhouse gas emission. For instance, according to Statista, in 2016, more than 22.5 million commercial vehicles and ~72.11 million passenger cars were produced worldwide. However, the deployment of ITS can help reduce the emission of greenhouse gases. In addition, it can deliver environmental benefits by reducing traffic congestion. “Eco-driving” is an ITS-enabled application, wherein vehicles provide instructions to motorists on ways to achieve fuel-efficient speeds across all driving situations, thereby regulating the driving behavior to benefit the environment.

Furthermore, numerous countries across the world are taking initiatives to reduce carbon dioxide emission from vehicles. For instance, New Zealand has set a target of 50% reduction of net greenhouse gas emissions by 2050, and Germany aims at 40% reduction by 2020 and up to 95% by 2050. These initiatives are expected to empower the market for ITS and accelerate its deployment worldwide.

High expenses associated with ITS installation

A sophisticated centralized traffic management center (TMC) is required—which can deal with the real-time traffic data and help reduce the traffic congestion—to be co-located with transportation managers, system operators, dispatchers, and response agencies. All these lead to a huge investment.

The implementation of ITS includes closed circuit television (CCTV) cameras, microwave detectors, dynamic message signs (DMS), advanced traveler information systems (ATISs), highway advisory radio (HAR), and others; for example, mobile data terminals (MDTs) are an important component of the transit fleet management systems. MDTs are multifunctional on-board devices that support two-way communication between a vehicle and a control center. Capital costs for MDTs usually range between USD 1,000 and USD 4,000 per unit with installation costs between USD 500 and USD 1,000 according to the research and innovative technology administration, US Department of Transportation.

Based on system, advanced traffic management system to hold the larger market share of intelligent transportation system market for roadways

Advanced Traffic Management Systems (ATMS) include ITS applications that focus on traffic control devices, such as traffic signals, ramp metering, and dynamic message signs on high­ways that provide drivers real-time messaging about traffic or highway status. 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. The largest market size of advanced traffic management systems is attributed to the increasing traffic congestion on roads across the world. In addition, the increasing affordability of vehicles, due to the availability of favorable deals offered by the automobiles manufacturers, is also propelling the traffic congestion problem. To address this concern, it is expected that advanced traffic management system will be deployed significantly across all the regions to help countries grow efficiently.

The intelligent traffic control segment from intelligent transportation system market for roadways by application is expected to hold the larger shareholder of this market in coming years

An intelligent traffic control involves a much closer interaction between all of its constituents: drivers, pedestrians, public transportation, and traffic management systems. Adaptive signal systems, driver advisory and route planning and automated vehicles are some of the goals set up to increase the efficiency of actual systems. Thus, it can be stated that the large numbers of operations covered by the intelligent traffic control application are driving the said market.

Intelligent Transportation System Market

APAC to account for the largest market size during the forecast period

Increasing number of mega cities and growing population in developed and developing countries has increased the need for ITS. ITS involves the revamp of overall technological aspects such as GPS, carrier access for land mobiles, and dedicated short-range communication (DSRC). The ITS market in APAC is growing rapidly because of the demand in countries such as China, Japan, Australia, and the Rest of APAC. Various countries in APAC, such as Japan, China, and Australia, have started recognizing ITS as a solution to curb issues such as traffic congestion, air pollution, and greenhouse gas emissions. The market in APAC has high growth potential. The demand for ITS in APAC is significantly driven by the strong economic growth, rise in population, and rapid urbanization. Formulating standards is a challenge as it requires vast knowledge of technical aspects, coordination among stakeholders, and a vision to attain different objectives by such standards. Implementation of international standardization process such as ISO also helps countries build national standards in an effective and fair manner.

Key Market Players

Thales (France), Siemens (Germany), Garmin (Switzerland), Kapsch TrafficCom (Austria), TomTom International (The Netherlands), Cubic (US), Q-Free (Norway), EFKON (Austria), FLIR Systems (US), Denso (Japan), GeoToll (US), ElectricFeel (Switzerland), DoubleMap (US), BestMile (Switzerland), nuTonomy (US), Iteris (US), Ricardo (UK), Savari (US), Transcore (US), and Lanner Electronics (Taiwan) are a few major players in the intelligent transportation system market for roadways.

Report Scope

Report Metric

Details

Report Name

Intelligent Transportation System Market

Base year considered

2017

Forecast period

2018–2023

Forecast units

Value, USD billion

Segments covered

Protocol, Offering, System, Application, and Region

Regions covered

North America, Europe, APAC, and RoW

Companies covered

Thales (France), Siemens (Germany), Garmin (Switzerland), Kapsch TrafficCom (Austria), TomTom International (The Netherlands), Cubic (US), Q-Free (Norway), EFKON (Austria), FLIR Systems (US), Denso (Japan), GeoToll (US), ElectricFeel (Switzerland), DoubleMap (US), BestMile (Switzerland), nuTonomy (US), Iteris (US), Ricardo (UK), Savari (US), Transcore (US), and Lanner Electronics (Taiwan) are a few major players in the market.

Intelligent Transportation System Market for Roadways segmentation:

In this report, the market is segmented into the following categories:

Intelligent Transportation System Market for Roadways, by Protocol:

  • Short Range (Wireless Access for Vehicular Environments (WAVE), wireless personal area network (WPAN))
  • Long Range (WiMAX, Orthogonal frequency-division multiplexing (OFDM)
  • IEEE 1512
  • Traffic Management Data Dictionary (TMDD)
  • Others (Wireless Token Ring Protocol (WTRP), Traffic-Adaptive Medium Access protocol (TRAMA), SAE 2735, NTCIP, IEEE 1609.x)

Intelligent Transportation System Market for Roadways, by Offering:

  • Hardware
  • Software
  • Services

Intelligent Transportation System Market for Roadways, by System:

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

Intelligent Transportation System Market for 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

Intelligent transportation system market, by Region:

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  • 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.
  • In February 2017, Siemens Ltd. and Siemens Rail Automation Spain have jointly won an order to supply state-of-the-art signaling technology for the first 2 metro lines of the Nagpur Metro, i.e., the North–South and the East–West Corridors.
  • In October 2017, Garmin announced ActiveCaptain, a free all-in-one mobile app for mariners that delivers a seamless content management system with unlimited access to cartography, automatic delivery of the latest software available, off-vessel planning capabilities, connected services and much more in one simple, yet powerful application.
  • In October 2017, Kapsch TrafficCom has been selected by the Madrid City Council (Spain) to implement an intelligent mobility system.
  • In November 2017, TomTom (TOM2) announced the launch of TomTom Route Monitoring, designed to address the growing road congestion challenges faced by Smart Cities worldwide.

Critical Questions the Report Answers:

  • What are emerging application areas that are expected to adopt intelligent transportation system for roadways?
  • Which type of system used in intelligent transportation system for roadways is growing at the highest rate?
  • What type of software is the most opportunistic for Intelligent transportation system for roadways in the coming years?

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 Intelligent Transportation System 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 Intelligent Transportation System 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 Intelligent Transportation System 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 Intelligent Transportation System 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 Intelligent Transportation System 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 Intelligent Transportation System 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 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 Intelligent Transportation System 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 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 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 Market in APAC in 2017
Figure 15 US Dominated Intelligent Transportation System for Roadways in 2017
Figure 16 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 : 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 in estimating the current size of the intelligent transportation system market for roadways. Exhaustive secondary research was done to collect information on the market, the peer markets, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the 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 used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, intelligent transportation system-related journals, IEST publications; directories; and databases. The secondary data has been collected and analyzed to arrive at the overall market size estimations, which has been further validated by primary research.

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 relevant to this report. Extensive primary research has been conducted after understanding and analyzing the intelligent transportation system market through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). RoW comprises Middle East and Africa. Approximately 25% of the primary interviews have been conducted with the demand side and 75% with the supply side. This primary data has been collected mainly through telephonic interviews, which accounted for 80% of the total primary interviews. Besides, questionnaires and emails were also used to collect the data.

Intelligent Transportation System Market

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

Market Size Estimation

Both top-down and bottom-up approaches were implemented to estimate and validate the total size of the intelligent transportation system market for roadways. These methods were also used extensively to estimate the size of the markets based on various subsegments. The research methodology used to estimate the market size includes the following steps:

  • The 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—using the market size estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides across different end-use applications.

Study Objectives

  • To describe and forecast the intelligent transportation system market for roadways, in terms of value, segmented on the basis of protocol, offering, system, application, and region
  • To describe and forecast the market size with respect to 4 main regions, namely, North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
  • To strategically profile the key players in the market and comprehensively analyze their market ranking and core competencies2
  • To analyze competitive developments such as product launches/developments, partnerships, expansions, and Research & Development (R&D) activities carried out by players in the Intelligent transportation system market

Available Customizations

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

Regional Analysis

  • Country-wise breakdown for different segments (By Protocol, Offering, System, Application, and Region) in North America, Europe, Asia Pacific, and RoW

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
SE 2415
Published ON
Nov, 2019
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