Intelligent Transportation System Market

Intelligent Transportation System Market with COVID-19 Impact Analysis by Offering, System (Advanced Traffic Management System, ITS-Enabled Transportation Pricing System, and Others), Application, and Geography - Global Forecast to 2025

Report Code: SE 2415 Jul, 2020, by marketsandmarkets.com

[217 Pages Report] The Intelligent Transportation System Market for roadways is expected to grow from USD 17.9 billion in 2020 to USD 36.5 billion by 2025, at a CAGR of 15.3%. The market growth can be attributed to several factors, such as increasing concerns toward public safety, growing traffic congestion problems, rising favorable government initiatives for effective traffic management, increasing adoption of eco-friendly automobile technologies, and development of smart cities across the world.

Intelligent Transportation System Market

COVID-19 Impact on the Global ITS Market in Roadways

The Intelligent Transportation System Market includes major Tier I and II suppliers such as Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Garmin (US), TomTom International BV (Netherlands), Cubic Corporation (US), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc. (US), Indra Sistemas (Spain), and Denso Corporation (Japan). These suppliers have their manufacturing facilities spread across various countries across North America, Europe, APAC, and RoW. COVID-19 has impacted their businesses as well.

• To lower the impact of COVID-19, Thales is implementing a global adaptation plan to maintain its productive capacities for customers, lower the financial impact of this crisis, and strengthen the funding capacity if the crisis persists or worsens.

• According to Garmin, the economic uncertainty and impact on consumer behavior caused by COVID-19 have affected business; accordingly, the company has withdrawn its fiscal 2020 guidance. However, it is optimistic for the long term because the markets it serves and the products it offers are well-positioned to flourish in the future. 

Market Dynamics of ITS in Roadways

Driver: Growing traffic congestion

The deployment of ITS helps in providing real-time traffic statistics that can help in resolving growing traffic congestion concerns. Intelligent signal controls gather information from sensors that quantify vehicle speed, traffic signals, pre-emption alarms, and other traffic-related information. Data received from various sensors run through refined algorithms and send information back to the controllers. Collecting real-time traffic statistics helps in controlling traffic signals. ITS helps drivers identify shorter routes and traffic-free routes to improve mobility.

Restaraint: Expensive ITS installation

A sophisticated centralized traffic management center (TMC) is required—which can deal with real-time traffic data and help reduce traffic congestion—to be co-located with transportation managers, system operators, dispatchers, and response agencies. The implementation of ITS includes CCTV cameras, microwave detectors, dynamic message signs (DMS), advanced traveler information systems (ATISs), and highway advisory radio (HAR); other factors such as mobile data terminals (MDTs) are an important component of the transit fleet management systems. All these lead to huge investments.

Opportunity: Designing and developing smart vehicles compatible with ITS

The introduction of cooperative, connected, and automated mobility (CCAM) programs are likely to transform the mobility industry worldwide. It will allow road users and traffic managers to share traffic-related information and coordinate effectively. Also, this cooperative element will help in establishing connections among vehicles (V2V), as well as between vehicles and transport infrastructure (V2I). C-ITS includes technologies and applications that allow wireless data exchange within the transport system between V2V and between V2I. The complete implementation of a C-ITS program is likely to improve road safety, traffic efficiency, and comfort of driving significantly by helping the driver make the right decisions and adapt to the traffic situation.

Challenge: Achieving interoperable and standard ITS architecture worldwide

The establishment of an Intelligent Transportation System infrastructure involves the integration of various heterogeneous devices that are likely to create compatibility issues quite often. The synchronization of these heterogeneous devices needs standardization in the implementation of various ITS systems. However, the lack of a standard ITS infrastructure is an issue. The implementation and significant use of information technology is a process of interrelated steps. Any error in any of the stages during the implementation reduces efficiency.

Intelligent Transportation System Market Ecosystem

Advanced traffic management system (ATMS) held the highest share in Intelligent Transportation System Market for roadways in 2019

Based on system, the market is categorized into advanced traffic management system, advanced traveler information system, its-enabled transportation pricing system, advanced public transportation system, commercial vehicle operation. The largest market size of the advanced traffic management system 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 automobile manufacturers and changing lifestyles, is also resulting in traffic congestion. To address this concern, it is expected that the advanced traffic management system will be deployed significantly across the globe.

The automotive telematics application is expected to register the highest CAGR during the forecast period

On the basis of roadways application, Intelligent Transportation System Market has been segmented into fleet management and asset monitoring, intelligent traffic control, collision avoidance, parking management, passenger information management, ticketing management, emergency vehicle notification, and automotive telematics. The rising demand for driving assistance systems and automatic driving systems is supporting market growth. Additionaly, the factors such as the need to reduce traffic congestion and increasing funding by various governments for the implementation of ITS in automobile telematics systems are contributing towards the high growth of the market.

North America is leading the market for ITS in roadways in 2019

The Intelligent Transportation System Market for roadways based on geography has been broadly classified into North America, Europe, APAC, and RoW. The market in North America is expected to hold the largest share during the forecast period. The adoption of ITS to counter traffic congestion and boost safety on roads is propelling the growth of the ITS market in North America. Government funding and support for the implementation of ITS in North America is another major driver for this market.

The outbreak of novel coronavirus, which started from China at the end of 2019 and later shifted its epicenter from China to Europe and then to the US, has caused a serious crisis. Border closures and lockdowns led to disruptions in the supply chain as well as social distancing led to the closure of manufacturing and assembling units in the US and Canada. Due to the shortage of manpower and lay-offs, the ongoing transport projects are delayed. The ITS ecosystem, which is majorly dependent on the electronics and telecommunication sector, is expected to witness a potential short-term slowdown owing to the supply chain disruption. This may lead to a reduction in the deployment of smart transport systems.

Intelligent Transportation System Market by Region

Key Market Players

Major players in the ITS market include Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Garmin (US), TomTom International BV (Netherlands), Cubic Corporation (US), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc. (US), Indra Sistemas (Spain), and Denso Corporation (Japan).

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

  Base year considered

2019

  Forecast period

2020–2025

  Forecast units

Value (USD Billion/USD Million), Volume (Million Units)

  Segments covered

Offering, System, Application, and Region

  Geographies covered

North America, Europe, APAC, and RoW

  Companies covered

Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Garmin (US), TomTom International BV (Netherlands), Cubic Corporation (US), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc. (US), Indra Sistemas (Spain), and Denso Corporation (Japan).
(Total 20 major players covered)

In this research report, the ITS market in Roadways has been segmented on the basis of offering, system, application, and geography.

Intelligent Transportation System Market in Roadways, by Offering

  • Hardware
  • Software
  • Services

Intelligent Transportation System 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

Intelligent Transportation System 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

Geographic Analysis

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  • In March 2020, TomTom, Toyota Research Institute - Advanced Development, Inc. (TRI-AD) (Japan), and DENSO (Japan), announced a successful proof of concept demonstrating a fast high definition (HD) map-building method for roads, essential for safer autonomous driving.
  • In October 2019, Cubic Transportation Systems (CTS) signed an agreement with Google to integrate contactless transit cards with Google Pay, making it fast and easy for travelers to use their mobile phones to pay for their journeys.
  • In May 2019, Kapsch TrafficCom implemented an intelligent mobility management solution in Valladolid, Spain. The new system allows citizens to plan their journeys efficiently.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
1INTRODUCTION (Page No. - 28)
1.1Study Objectives
1.2Definition and Scope
1.2.1Inclusions and exclusions
1.3Study Scope
1.3.1Markets covered
Figure 1Market segmentation
1.3.2Years considered
1.4Currency
1.5Package Size
1.6Market Stakeholders
2RESEARCH METHODOLOGY (Page No. - 32)
2.1Research Data
Figure 2Research design
2.1.1Secondary data
2.1.1.1Secondary sources
2.1.2Primary data
2.1.2.1Key data from primary sources
2.1.2.2Breakdown of primaries
2.1.3Secondary and primary research
2.1.3.1Key industry insights
2.2Market Size Estimation
Figure 3Market size estimation methodology—approach 1 (supply side): Revenue of market players
Figure 4Market size estimation methodology—approach 2 (demand size): Bottom-up market estimation for ITS market for roadways
2.2.1Bottom-up approach
Figure 5Market size estimation methodology: Bottom-up approach
2.2.1.1Approach for estimating the market size by bottom-up analysis (demand side)
2.2.2Top-down approach
Figure 6Market size estimation methodology: Top-down approach
2.2.2.1Approach for estimating the market size by top-down approach (supply side)
2.3Data Triangulation
Figure 7Data triangulation
2.4Research Assumptions
Figure 8Assumptions of research study
3EXECUTIVE SUMMARY (Page No. - 42)
Figure 9ITS market: Optimistic, realistic, and pessimistic scenario analysis, 2017–2025
3.1ITS Market: Realistic Scenario (Post-COVID-19)
3.2ITS Market: Optimistic Scenario (Post-COVID-19)
3.3ITS Market: Pessimistic Scenario (Post-COVID-19)
Figure 10Commercial vehicle operation in ITS market for roadways is expected to register highest CAGR during forecast period
Figure 11Intelligent traffic control application to hold largest size of ITS market for roadways in 2020
Figure 12Smart ticketing is expected to record highest CAGR in ITS market for railways during forecast period
Figure 13Aircraft management is expected to hold largest share of ITS market for aviation in 2020
Figure 14Freight arrival & transit is expected to hold highest share of ITS market for maritime in 2020
Figure 15North America held largest share of ITS market for roadways in 2019
4PREMIUM INSIGHTS (Page No. - 48)
4.1Major Opportunities in ITS Market
Figure 16APAC is expected to register highest CAGR in ITS market during forecast period
4.2ITS Market for Roadways, By Offering
Figure 17ITS market in roadways for software to exhibit highest CAGR during forecast period
4.3ITS Market for Roadways in APAC, By System and Country
Figure 18Advanced traffic management system held largest share of ITS market for roadways in APAC in 2019
4.4ITS Market for Roadways, By Country
Figure 19US dominated ITS market for roadways in 2019
4.5ITS Market for Roadways, By application
Figure 20Market for fleet management and asset monitoring is expected to register highest CAGR during forecast period
5MARKET OVERVIEW (Page No. - 51)
5.1Introduction
5.2Market Dynamics for ITS in Roadways
Figure 21Increasing concern toward public safety to drive market for roadways
5.2.1Drivers
5.2.1.1Increasing concerns toward public safety
Figure 22Road traffic death rates per 100,000 population by WHO, 2016
5.2.1.2Growing traffic congestion
5.2.1.3Rising favorable government initiatives for effective traffic management
5.2.1.4Increasing adoption of ecofriendly automobile technology
5.2.1.5Development of smart cities globally
Figure 23Impact analysis: Drivers
5.2.2Restraints
5.2.2.1Expensive ITS installation
5.2.2.2Slow-growing infrastructure sector
Figure 24Impact analysis: Restraints
5.2.3Opportunities
5.2.3.1Designing and developing smart vehicles compatible with ITS
5.2.3.2Increasing public–private partnerships (PPPs)
5.2.3.3Growing number of economically and technologically advanced countries
Figure 25Impact analysis: Opportunities
5.2.4Challenges
5.2.4.1Achieving interoperable and standard ITS architecture worldwide
Figure 26Impact analysis: Challenge
5.3Market Dynamics for ITS in Railways
Figure 27Increasing concerns for security and surveillance may lead to market growth for railways
5.3.1Drivers
5.3.1.1Increasing concerns for security and surveillance
5.3.2Restraints
5.3.2.1Relatively slow-growing railway infrastructure
5.3.3Opportunities
5.3.3.1Availability of diverse services and solutions
5.4Market Dynamics for ITS in Aviation
Figure 28Growing focus on efficient airline operations likely to enhance market growth for aviation
5.4.1Drivers
5.4.1.1Growing focus on efficient airline operations
5.4.1.2Increasing concerns for conservation of environment
5.4.2Restraints
5.4.2.1Lack of funding and synchronization among agencies
5.4.3Opportunities
5.4.3.1Industry goals and initiatives taken to reduce CO2 emission
5.5Market Dynamics for ITS in Maritime
Figure 29Improving maritime logistics infrastructure creates demand for ITS in maritime
5.5.1Drivers
5.5.1.1Improving maritime logistics infrastructure
5.5.2Restraints
5.5.2.1Insufficient coordination among authorities and differing legislation
5.5.3Opportunities
5.5.3.1Enhancement of information and communication technologies
5.6Value Chain Analysis
Figure 30Value chain analysis: ITS market
5.7Impact of COVID-19
5.7.1Impact on ongoing projects (overview)
5.7.2Impact due to dependency on 5G infrastructure
5.7.3Impact on contactless and digital payment system
6ITS MARKET, BY PROTOCOL (Page No. - 66)
6.1Introduction
6.2Short Range
6.2.1Wave (IEEE 802.11)
6.2.2Wpan (IEEE 802.15)
6.3Long Range
6.3.1Wimax (IEEE 802.11)
6.3.2OFDM
6.3.3IEEE 1512
6.4Traffic Management Data Dictionary (TMDD)
6.5Others
7ITS MARKET FOR ROADWAYS, BY OFFERING (Page No. - 69)
7.1Introduction
Figure 31ITS market for roadways: By offering
Figure 32ITS market for software is expected to register highest CAGR during forecast period
Table 1ITS Market for roadways, by offering, 2017–2025 (USD Billion)
7.2Hardware
Figure 33ITS market: Hardware components
Figure 34Analysis of hardware segment: Pre- vs Post-COVID-19
Table 2ITS market for hardware in roadways, by component, 2017–2025 (USD Million)
7.2.1Interface boards
7.2.1.1Multifunctional board
7.2.1.2Vehicle detection board
7.2.1.3Communication board
Table 3ITS market for interface board in roadways, by sub-component, 2017–2025 (USD Million)
7.2.2Sensor
7.2.2.1Vehicle detection sensor
7.2.2.2Pedestrian presence sensor
7.2.2.3Speed sensor
Table 4ITS market for sensors in roadways, by sub-component, 2017–2025 (USD Million)
Table 5ITS market for sensors in roadways, by sub-component, 2017–2025 (Million Units)
7.2.3Surveillance camera
7.2.3.1Thermal camera
7.2.3.2AID camera
Table 6ITS market for surveillance cameras in roadways, by sub-component, 2017–2025 (USD Million)
Table 7ITS market for surveillance cameras in roadways, by sub-component, 2017–2025 (Million Units)
7.2.4Telecommunication network
7.2.4.1Fiber optics
7.2.4.2Copper line
7.2.4.3Wireless media
Table 8ITS market for tele-communication networks in roadways, by sub-component, 2017–2025 (USD Million)
7.2.5Monitoring and detection system
7.2.5.1Automatic number plate detection
7.2.5.2Intelligent traffic controller
Table 9ITS market for monitoring and detection system in roadways, by sub-component, 2017–2025 (USD Million)
7.2.6Others
7.2.6.1Linked traffic controller
7.2.6.2Variable message sign
Table 10ITS market for other hardware component in roadways, by sub-component, 2017–2025 (USD Million)
7.3Software
Figure 35ITS market: Software components
Table 11ITS market for software in roadways, by component, 2017–2025 (USD Million)
7.3.1Visualization software
7.3.2Video detection management software
7.3.3Transit management system
7.3.4Others
7.4Services
Figure 36ITS market: Services
Table 12ITS market in roadways, by service, 2017–2025 (USD Million)
7.4.1Business and cloud services
7.4.2Support and maintenance services
7.5Impact of COVID-19 on Roadways Offerings
8ITS MARKET IN ROADWAYS, BY SYSTEM (Page No. - 81)
8.1Introduction
Figure 37ITS market for roadways: By system
Figure 38Advanced traffic management system segment to hold largest share of ITS market for roadways during forecast period
Table 13ITS market for roadways, by system, 2017–2025 (USD Billion)
8.2Advanced Traffic Management System (ATMS)
8.2.1ATMS segment currently holds largest share of ITS market
Table 14Advanced traffic management system market for roadways, by application, 2017–2025 (USD Million)
Table 15Advanced traffic management system market for roadways, by region, 2017–2025 (USD Million)
Figure 39analysis of atms segment: Pre- vs Post-COVID-19
8.3Advanced Traveler Information System (ATIS)
8.3.1Vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), vehicle-to-everything (V2X) communication
8.3.1.1V2V, V2I, and V2X technologies play a vital role when it comes to connected car concept
Table 16Advanced traveler information system market for roadways, by application, 2017–2025 (USD Million)
Table 17Advanced traveler information system market for roadways, by region, 2017–2025 (USD Million)
8.4ITS-Enabled Transportation Pricing System (ITPS)
8.4.1ITPS is expected to witness significant growth during forecast period
Table 18ITS-enabled transportation pricing system market for roadways, by application, 2017–2025 (USD Million)
Table 19ITS-enabled transportation pricing system market for roadways, by region, 2017–2025 (USD Million)
Figure 40Analysis of ITPS segment: Pre- vs Post-COVID-19
8.5Advanced Public Transportation System (APTS)
8.5.1Impact of COVID-19 on APTS may be greater as compared to other systems
Table 20Advanced public transportation system market for roadways, by application, 2017–2025 (USD Million)
Table 21Advanced public transportation system market for roadways, by region, 2017–2025 (USD Million)
8.6Commercial Vehicle Operation (CVo)
8.6.1CVO is expected to register highest CAGR during forecast period
Table 22Commercial vehicle operation market for roadways, by application, 2017–2025 (USD Million)
Table 23Commercial vehicle operation market for roadways, by region, 2017–2025 (USD Million)
8.7Impact of COVID-19 on Roadway Systems
9ITS MARKET FOR ROADWAYS, BY APPLICATION (Page No. - 91)
9.1Introduction
Figure 41ITS market for roadways: By application
Figure 42Intelligent traffic control application to hold largest share of ITS market for roadways in 2020
Table 24ITS market for roadways, by application, 2017–2025 (USD Billion)
9.2Fleet Management and Asset Monitoring
9.2.1Vehicle tracking through GPS is one of the key features in this application
Table 25Fleet management and asset monitoring market for roadways, by system, 2017–2025 (USD Million)
Table 26Fleet management and asset monitoring market for roadways, by region, 2017–2025 (USD Million)
Figure 43Analysis of fleet management and asset monitoring segment: Pre- vs Post-COVID-19
9.3Intelligent Traffic Control
Figure 44Types of intelligent traffic control
9.3.1Traffic monitoring
9.3.1.1Traffic monitoring system helps to monitor real-time traffic
9.3.2Traffic signal control
9.3.2.1Traffic signal control system serves as an effective measure for relieving urban traffic congestion
9.3.3Traffic enforcement cameras
9.3.3.1Traffic enforcement cameras help to monitor violation of traffic laws
9.3.4Variable traffic message sign
9.3.4.1Variable traffic message sign is an electronic and intelligent display panel for road traffic management
Table 27Intelligent traffic control market for roadways, by sub-system, 2017–2025 (USD Million)
Table 28Intelligent traffic control market for roadways, by system, 2017–2025 (USD Million)
Table 29Intelligent traffic control market for roadways, by region, 2017–2025 (USD Million)
9.4Collision Avoidance
9.4.1Collision avoidance is a small market but to grow significantly during forecast period
Table 30Collision avoidance market for roadways, by system, 2017–2025 (USD Million)
Table 31Collision avoidance market for roadways, by region, 2017–2025 (USD Million)
9.5Parking Management
9.5.1Parking management system provides electronic monitoring and management of parking facilities
Table 32Parking management market for roadways, by system, 2017–2025 (USD Million)
Table 33Parking management market for roadways, by region, 2017–2025 (USD Million)
Figure 45Analysis of parking management segment: Pre- vs Post-COVID-19
9.6Passenger Information Management
9.6.1Increasing demand for interactive displays to drive the market for passenger information management
Table 34Passenger information management market for roadways, by system, 2017–2025 (USD Million)
Table 35Passenger information management market for roadways, by region, 2017–2025 (USD Million)
9.7Ticketing Management
9.7.1Increasing usage of e-ticketing, integrated payment systems, and smartcards is expected to drive market for ticketing management
Table 36Ticketing management market for roadways, by system, 2017–2025 (USD Million)
Table 37Ticketing management market for roadways, by region, 2017–2025 (USD Million)
Figure 46Analysis of ticketing management segment: Pre- vs Post-COVID-19
9.8Emergency Vehicle Notification
9.8.1Emergence of commercial vehicles is major growth driver for this market
Table 38Emergency vehicle notification market for roadways, by system, 2017–2025 (USD Million)
Table 39Emergency vehicle notification market for roadways, by region, 2017–2025 (USD Million)
9.9Automotive Telematics
9.9.1Automotive telematics is expected to register highest CAGR during forecast period
Table 40Automotive telematics market for roadways, by system, 2017–2025 (USD Million)
Table 41Automotive telematics market for roadways, by region, 2017–2025 (USD Million)
9.1Impact of COVID-19 on roadways Applications
10ITS MARKET FOR RAILWAYS, BY APPLICATION (Page No. - 105)
10.1Introduction
Figure 47ITS market for railways, by application
Figure 48ITS market for smart ticketing application in railways is expected to register highest CAGR during forecast period
Table 42ITS market for railways, by application, 2017–2025 (USD Billion)
10.2Rail-Running Operation and collision avoidance
10.2.1Rail-running operation and collision avoidance to hold largest share of ITS market for railways
Table 43ITS market for railways in rail-running operation & collision avoidance application, by region, 2017–2025 (USD Million)
Figure 49Analysis of rail-running operation & collision avoidance segment: Pre- vs Post-COVID-19
10.3Passenger Information Management
10.3.1Passenger information management serves as a tool to provide pre-trip and real-time information
Table 44ITS market for railways in passenger information management application, by region, 2017–2025 (USD Million)
10.4Smart Ticketing
10.4.1Smart ticketing is expected to exhibit highest CAGR during forecast period
Table 45ITS market for railways in smart ticketing application, by region, 2017–2025 (USD Million)
Figure 50Analysis of smart ticketing segment: Pre- vs Post-COVID-19
10.5Security and Surveillance
10.5.1Vulnerability to security threats has increased need for security and surveillance in railways
Table 46ITS market for railways in security & surveillance application, by region, 2017–2025 (USD Million)
10.6Emergency Notification
10.6.1Emergency notification plays a key role in helping reduce chances of accidents in railways
Table 47ITS market for railways in emergency notification application, by region, 2017–2025 (USD Million)
10.7Others
Table 48ITS market for railways in others applications, by region, 2017–2025 (USD Million)
10.8Impact of COVID-19 on Railways Applications
11ITS MARKET FOR AVIATION, BY APPLICATION (Page No. - 113)
11.1Introduction
Figure 51ITS market for aviation: By application
Figure 52ITS market for smart ticketing application to record highest CAGR during forecast period
Table 49ITS market for aviation, by application, 2017–2025 (USD Million)
11.2Security and Surveillance
11.2.1Security and surveillance helps to avoid unethical and unlawful activities
Table 50ITS market for aviation in security & surveillance application, by region, 2017–2025 (USD Million)
Figure 53Analysis of security & surveillance segment: Pre- vs Post-COVID-19
11.3Shuttle Bus Tracking
11.3.1Shuttle bus tracking is currently having less focus as compared to other aviation applications
Table 51ITS market for aviation in shuttle bus tracking application, by region, 2017–2025 (USD Million)
11.4Traveler Information
11.4.1Increasing demand for interactive displays to drive market for traveller information
Table 52ITS market for aviation in traveler information application, by region, 2017–2025 (USD Million)
11.5Smart Ticketing
11.5.1Smart ticketing application to exhibit highest CAGR during forecast period
Table 53ITS market for aviation in smart ticketing application, by region, 2017–2025 (USD Million)
11.6Aircraft Management
11.6.1Aircraft management holds largest share of ITS market for aviation
Table 54ITS market for aviation in aircraft management application, by region, 2017–2025 (USD Million)
Figure 54Analysis of aircraft management segment: Pre- vs Post-COVID-19
11.7Emergency Notification
11.7.1Deployment of surveillance cameras is expected to drive market for emergency notification
Table 55ITS market for aviation in emergency notification application, by region, 2017–2025 (USD Million)
11.8Others
Table 56ITS market for aviation in other applications, by region, 2017–2025 (USD Million)
11.9Impact of COVID-19 on Aviation Applications
12ITS MARKET IN MARITIME, BY APPLICATION (Page No. - 121)
12.1Introduction
Figure 55ITS market for maritime: By application
Figure 56Freight arrival & transit application segment to hold largest share of ITS market for maritime during forecast period
Table 57ITS market for maritime, by application, 2017–2025 (USD Million)
12.2Freight Arrival & Transit
12.2.1Freight arrival & transit application to hold largest share of ITS market in maritime
Table 58ITS market for maritime in freight arrival & transit application, by region, 2017–2025 (USD Million)
Figure 57Analysis of freight arrival & transit segment: Pre- vs Post-COVID-19
12.3Real-Time Weather Information
12.3.1Real-time weather information holds less share of ITS market for maritime
Table 59ITS market for maritime in real-time weather information application, by region, 2017–2025 (USD Million)
12.4Scheduling of Container Movement
12.4.1Scheduling of container movement application segment to register highest CAGR during forecast period
Table 60ITS market for maritime in scheduling of container movement application, by region, 2017–2025 (USD Million)
Figure 58Analysis of scheduling of container movement segment: Pre- vs Post-COVID-19
12.5Emergency Notification
12.5.1Emergency notification application plays a vital role in monitoring and reducing chances of marine accidents
Table 61ITS market for maritime in emergency notification application, by region, 2017–2025 (USD Million)
12.6Others
Table 62ITS market for maritime in other applications, by region, 2017–2025 (USD Million)
12.7Impact of COVID-19 on Maritime applications
13GEOGRAPHIC ANALYSIS (Page No. - 128)
13.1Introduction
Figure 59ITS market: By region
Table 63ITS market for roadways, by region, 2017–2025 (USD Billion)
Table 64ITS market for railways, by region, 2017–2025 (USD Billion)
Table 65ITS market for aviation, by region, 2017–2025 (USD Million)
Table 66ITS market for maritime, by region, 2017–2025 (USD Million)
13.2North America
Figure 60ITS market segmentation: North America
Figure 61Market snapshot for roadways in North America
Table 67ITS market for roadways in North America, by country, 2017–2025 (USD Million)
Table 68ITS market for roadways in North America, by system, 2017–2025 (USD Million)
Table 69ITS market for roadways in North America, by application, 2017–2025 (USD Million)
13.2.1Impact of COVID-19 on North America
Figure 62Analysis of market for North America: Pre- vs Post-COVID-19
13.2.2US
13.2.2.1US is currently holding first rank in ITS market in North America
Table 70ITS market for roadways in the US, by system, 2017–2025 (USD Million)
13.2.3Canada
13.2.3.1Canada is holding second rank in ITS ecosystem in North America
Table 71ITS market for roadways in Canada, by system, 2017–2025 (USD Million)
13.2.4Mexico
13.2.4.1Mexico is witnessing significant growth in North America ITS market
Table 72ITS market for roadways in Mexico, by system, 2017–2025 (USD Million)
13.3Europe
Figure 63ITS market segmentation: Europe
Figure 64Market snapshot for roadways in Europe
Table 73ITS market for roadways in Europe, by country, 2017–2025 (USD Million)
Table 74ITS market for roadways in Europe, by system, 2017–2025 (USD Million)
Table 75ITS market for roadways in Europe, by application, 2017–2025 (USD Million)
13.3.1Impact of COVID-19 on Europe
Figure 65Analysis of market for Europe: Pre- vs Post-COVID-19
13.3.2UK
13.3.2.1UK holds largest share of ITS market in Europe
Table 76ITS market for roadways in UK, by system, 2017–2025 (USD Million)
13.3.3Germany
13.3.3.1Germany holds second position in ITS market in Europe
Table 77ITS market for roadways in Germany, by system, 2017–2025 (USD Million)
13.3.4France
13.3.4.1ITS plays a vital role in the french transport policy
Table 78ITS market for roadways in France, by system, 2017–2025 (USD Million)
13.3.5Italy
13.3.5.1Italy to hold significant market share in ITS ecosystem
Table 79ITS market for roadways in Italy, by system, 2017–2025 (USD Million)
13.3.6Spain
13.3.6.1High traffic density in Spain to drive the market growth
Table 80ITS market for roadways in Spain, by system, 2017–2025 (USD Million)
13.3.7Belgium
13.3.7.1Developments in the transport sector to drive ITS market in Belgium
Table 81ITS market for roadways in Belgium, by system, 2017–2025 (USD Million)
13.3.8Denmark
13.3.8.1Innovation in technology to drive ITS market in Denmark
Table 82ITS market for roadways in Denmark, by system, 2017–2025 (USD Million)
13.3.9Austria
13.3.9.1Well-established transport sector to boost the market growth
Table 83ITS market for roadways in Austria, by system, 2017–2025 (USD Million)
13.3.10Sweden
13.3.10.1Frequent usage of public transit systems to boost the deployment of ITS
Table 84ITS market for roadways in Sweden, by system, 2017–2025 (USD Million)
13.3.11Rest of Europe
Table 85ITS market for roadways in Rest of Europe, by system, 2017–2025 (USD Million)
13.4APAC
Figure 66ITS market segmentation: APAC
Figure 67Market snapshot for roadways in APAC
Table 86ITS market for roadways in APAC, by country, 2017–2025 (USD Million)
Table 87ITS market for roadways in APAC, by system, 2017–2025 (USD Million)
Table 88ITS market for roadways in APAC, by application, 2017–2025 (USD Million)
13.4.1Impact of COVID-19 on APAC
Figure 68Analysis of market for APAC: Pre- vs Post-COVID-19
13.4.2China
13.4.2.1China is one of major markets for ITS in APAC
Table 89ITS market for roadways in China, by system, 2017–2025 (USD Million)
13.4.3Japan
13.4.3.1Japan is holding first rank in ITS market in APAC
Table 90ITS market for roadways in Japan, by system, 2017–2025 (USD Million)
13.4.4South Korea
13.4.4.1South Korea is a significant contributor to ITS market in APAC
Table 91ITS market for roadways in South Korea, by system, 2017–2025 (USD Million)
13.4.5India
13.4.5.1India is in a nascent stage in ITS deployment in APAC
Table 92ITS market for roadways in India, by system, 2017–2025 (USD Million)
13.4.6Australia
13.4.6.1Australia is expected to register highest CAGR in APAC ITS market
Table 93ITS market for roadways in Australia, by system, 2017–2025 (USD Million)
13.4.7Rest of APAC
Table 94ITS market for roadways in Rest of APAC, by system, 2017–2025 (USD Million)
13.5Rest of World (ROW)
Figure 69ITS market segmentation: Rest of World
Figure 70Market snapshot for roadways in ROW
Table 95ITS market for roadways in ROW, by country, 2017–2025 (USD Million)
Table 96ITS market for roadways in ROW, by system, 2017–2025 (USD Million)
Table 97ITS market for roadways in ROW, by application, 2017–2025 (USD Million)
13.5.1Impact of COVID-19 on ROW
Figure 71Analysis of market for ROW: Pre- vs Post-COVID-19
13.5.2South America
13.5.2.1South America is dominating the ITS market in ROW
Table 98ITS market for roadways in South America, by system, 2017–2025 (USD Million)
13.5.3Africa
13.5.3.1Traffic congestion and increasing pollution to drive the growth of ITS market in Africa
Table 99ITS market for roadways in africa, by system, 2017–2025 (USD Million)
13.5.4Middle East
13.5.4.1Middle East to record significant growth during forecast period
Table 100ITS market for roadways in Middle East, by system, 2017–2025 (USD Million)
14COMPETITIVE LANDSCAPE (Page No. - 161)
14.1Introduction
Figure 72ITS market: Key growth strategy adopted by companies from 2017 t0 2020
14.2Ranking Analysis of KEY PLAYERS in ITS Market
Figure 73ITS market: Ranking of key companies
14.3Competitive Situations and Trends
14.3.1New product launches
Table 101New product launches, 2019–2020
14.3.2Contracts, collaborations, and partnerships
Table 102Contracts, collaborations, and partnership, 2019–2020
14.3.3Acquisitions
Table 103Acquisitions, 2018–2020
14.4Competitive Leadership Mapping, 2019
14.4.1Visionary leaders
14.4.2Dynamic differentiators
14.4.3Innovators
14.4.4Emerging companies
Figure 74ITS market (global) competitive leadership mapping, 2019
15COMPANY PROFILE (Page No. - 168)
15.1Introduction
(Business Overview, Products/solutions/services offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View)*
15.2Key Players
15.2.1THALES GROUP
Figure 75THALES GROUP: Company snapshot
15.2.2SIEMENS
Figure 76SIEMENS: Company snapshot
15.2.3KAPSCH TRAFFICCOM
Figure 77KAPSCH TRAFFICCOM: Company snapshot
15.2.4GARMIN
Figure 78GARMIN: Company snapshot
15.2.5TOMTOM INTERNATIONAL BV
Figure 79TOMTOM INTERNATIONAL BV: Company snapshot
15.2.6CUBIC CORPORATION
Figure 80CUBIC CORPORATION: Company snapshot
15.2.7CISCO SYSTEMS
Figure 81CISCO SYSTEMS: Company snapshot
15.2.8FLIR SYSTEMS, INC.
Figure 82FLIR SYSTEMS, INC.: Company snapshot
15.2.9INDRA SISTEMAS, S.A.
Figure 83INDRA SISTEMAS, S.A.: Company snapshot
15.2.10EFKON GMBH
15.3Right to Win
15.4Other Important Players
15.4.1Q-FREE
15.4.2DENSO CORPORATION
15.4.3ITERIS
15.4.4TRANSCORE
15.4.5SAVARI
15.4.6RICARDO
15.4.7LANNER ELECTRONICS
15.4.8GEOTOLL
15.4.9CITILOG
15.4.10CELLINT
*Details Business Overview, Products/solutions/services offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
16APPENDIX (Page No. - 210)
16.1Discussion Guide
16.2Knowledge Store: MarketsandMarkets’ Subscription Portal
16.3Available Customizations
16.4Related Reports
16.5Author Details

The study involved four major activities in estimating the size of the Intelligent Transportation System (ITS) market. Exhaustive secondary research was done to collect information on the 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 total market’s size. After that, market breakdown and data triangulation were used to determine the market sizes of segments and sub-segments.

Secondary Research

The secondary sources referred to for this research study include organizations such as ITS America, ITS Asia-Pacific, and so on; corporate filings (such as annual reports, investor presentations, and financial statements); and trade, and business. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by primary research.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the ITS market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand- (automotive manufacturers) and supply-side (OEM/ODM, system integrators, solution providers) players across four major regions, namely, North America, Europe, APAC, and Rest of the World (South America, Africa, Middle East). Approximately 75% and 25% of primary interviews have been conducted from the demand and supply side, respectively. Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report.

After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Intelligent Transportation System Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the ITS market. These methods were also extensively used to estimate the sizes of various market sub-segments. The research methodology used to estimate the market sizes includes the following:

  • The key players in the market were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research.

All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. Qualitative aspects such as market drivers, restraints, opportunities, and challenges have been taken into consideration while calculating and forecasting the market size.

Intelligent Transportation System Market Bottom-Up Approach

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market was split into several segments and sub-segments. 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 both the demand and supply sides.

Report Objectives:

  • To define, describe, segment, and forecast the global intelligent transportation system (ITS) market, 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
  • 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 analyze the impact of COVID-19 on the ITS ecosystem
  • 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 company profiles, key player strategies, and game-changing developments, such as contracts, product launches, collaborations, and acquisitions

Available Customizations:

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

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the Intelligent Transportation System Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Intelligent Transportation System Market

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Published ON
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