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 (ITS) 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 ITS 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uncertainty and impact on consumer behavior caused by COVID-19 have affected business; accordingly, the company has withdrawn its fiscal 2020 guidance.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 ITS 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 ITS 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, ITS 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 ITS 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.

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

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.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 PACKAGE SIZE
    1.6 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 32)
    2.1 RESEARCH DATA
        FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
        FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE OF MARKET PLAYERS
        FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2 (DEMAND SIZE): BOTTOM-UP MARKET ESTIMATION FOR ITS MARKET FOR ROADWAYS
           2.2.1 BOTTOM-UP APPROACH
                 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.1 Approach for estimating the market size by bottom-up analysis (demand side)
           2.2.2 TOP-DOWN APPROACH
                 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                    2.2.2.1 Approach for estimating the market size by top-down approach (supply side)
    2.3 DATA TRIANGULATION
        FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 8 ASSUMPTIONS OF RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 42)
        FIGURE 9 ITS MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS, 2017–2025
    3.1 ITS MARKET: REALISTIC SCENARIO (POST-COVID-19)
    3.2 ITS MARKET: OPTIMISTIC SCENARIO (POST-COVID-19)
    3.3 ITS MARKET: PESSIMISTIC SCENARIO (POST-COVID-19)
        FIGURE 10 COMMERCIAL VEHICLE OPERATION IN ITS MARKET FOR ROADWAYS IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
        FIGURE 11 INTELLIGENT TRAFFIC CONTROL APPLICATION TO HOLD LARGEST SIZE OF ITS MARKET FOR ROADWAYS IN 2020
        FIGURE 12 SMART TICKETING IS EXPECTED TO RECORD HIGHEST CAGR IN ITS MARKET FOR RAILWAYS DURING FORECAST PERIOD
        FIGURE 13 AIRCRAFT MANAGEMENT IS EXPECTED TO HOLD LARGEST SHARE OF ITS MARKET FOR AVIATION IN 2020
        FIGURE 14 FREIGHT ARRIVAL & TRANSIT IS EXPECTED TO HOLD HIGHEST SHARE OF ITS MARKET FOR MARITIME IN 2020
        FIGURE 15 NORTH AMERICA HELD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2019

4 PREMIUM INSIGHTS (Page No. - 48)
    4.1 MAJOR OPPORTUNITIES IN ITS MARKET
        FIGURE 16 APAC IS EXPECTED TO REGISTER HIGHEST CAGR IN ITS MARKET DURING FORECAST PERIOD
    4.2 ITS MARKET FOR ROADWAYS, BY OFFERING
        FIGURE 17 ITS MARKET IN ROADWAYS FOR SOFTWARE TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 ITS MARKET FOR ROADWAYS IN APAC, BY SYSTEM AND COUNTRY
        FIGURE 18 ADVANCED TRAFFIC MANAGEMENT SYSTEM HELD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN APAC IN 2019
    4.4 ITS MARKET FOR ROADWAYS, BY COUNTRY
        FIGURE 19 US DOMINATED ITS MARKET FOR ROADWAYS IN 2019
    4.5 ITS MARKET FOR ROADWAYS, BY APPLICATION
        FIGURE 20 MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS FOR ITS IN ROADWAYS
        FIGURE 21 INCREASING CONCERN TOWARD PUBLIC SAFETY TO DRIVE MARKET FOR ROADWAYS
           5.2.1 DRIVERS
                    5.2.1.1 Increasing concerns toward public safety
                            FIGURE 22 ROAD TRAFFIC DEATH RATES PER 100,000 POPULATION BY WHO, 2016
                    5.2.1.2 Growing traffic congestion
                    5.2.1.3 Rising favorable government initiatives for effective traffic management
                    5.2.1.4 Increasing adoption of ecofriendly automobile technology
                    5.2.1.5 Development of smart cities globally
                            FIGURE 23 IMPACT ANALYSIS: DRIVERS
           5.2.2 RESTRAINTS
                    5.2.2.1 Expensive ITS installation
                    5.2.2.2 Slow-growing infrastructure sector
                            FIGURE 24 IMPACT ANALYSIS: RESTRAINTS
           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 Growing number of economically and technologically advanced countries
                            FIGURE 25 IMPACT ANALYSIS: OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Achieving interoperable and standard ITS architecture worldwide
                            FIGURE 26 IMPACT ANALYSIS: CHALLENGE
    5.3 MARKET DYNAMICS FOR ITS IN RAILWAYS
        FIGURE 27 INCREASING CONCERNS FOR SECURITY AND SURVEILLANCE MAY LEAD TO MARKET GROWTH FOR RAILWAYS
           5.3.1 DRIVERS
                    5.3.1.1 Increasing concerns for security and surveillance
           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
        FIGURE 28 GROWING FOCUS ON EFFICIENT AIRLINE OPERATIONS LIKELY TO ENHANCE MARKET GROWTH FOR 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
        FIGURE 29 IMPROVING MARITIME LOGISTICS INFRASTRUCTURE CREATES DEMAND FOR ITS IN MARITIME
           5.5.1 DRIVERS
                    5.5.1.1 Improving maritime logistics infrastructure
           5.5.2 RESTRAINTS
                    5.5.2.1 Insufficient coordination among authorities and differing legislation
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Enhancement of information and communication technologies
    5.6 VALUE CHAIN ANALYSIS
        FIGURE 30 VALUE CHAIN ANALYSIS: ITS MARKET
    5.7 IMPACT OF COVID-19
           5.7.1 IMPACT ON ONGOING PROJECTS (OVERVIEW)
           5.7.2 IMPACT DUE TO DEPENDENCY ON 5G INFRASTRUCTURE
           5.7.3 IMPACT ON CONTACTLESS AND DIGITAL PAYMENT SYSTEM

6 ITS MARKET, BY PROTOCOL (Page No. - 66)
    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
           6.3.3 IEEE 1512
    6.4 TRAFFIC MANAGEMENT DATA DICTIONARY (TMDD)
    6.5 OTHERS

7 ITS MARKET FOR ROADWAYS, BY OFFERING (Page No. - 69)
    7.1 INTRODUCTION
        FIGURE 31 ITS MARKET FOR ROADWAYS: BY OFFERING
        FIGURE 32 ITS MARKET FOR SOFTWARE IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 1 ITS MARKET FOR ROADWAYS, BY OFFERING, 2017–2025 (USD BILLION)
    7.2 HARDWARE
        FIGURE 33 ITS MARKET: HARDWARE COMPONENTS
        FIGURE 34 ANALYSIS OF HARDWARE SEGMENT: PRE- VS POST-COVID-19
        TABLE 2 ITS MARKET FOR HARDWARE IN ROADWAYS, BY COMPONENT, 2017–2025 (USD MILLION)
           7.2.1 INTERFACE BOARDS
                    7.2.1.1 Multifunctional board
                    7.2.1.2 Vehicle detection board
                    7.2.1.3 Communication board
                            TABLE 3 ITS MARKET FOR INTERFACE BOARD IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (USD MILLION)
           7.2.2 SENSOR
                    7.2.2.1 Vehicle detection sensor
                    7.2.2.2 Pedestrian presence sensor
                    7.2.2.3 Speed sensor
                            TABLE 4 ITS MARKET FOR SENSORS IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (USD MILLION)
                            TABLE 5 ITS MARKET FOR SENSORS IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (MILLION UNITS)
           7.2.3 SURVEILLANCE CAMERA
                    7.2.3.1 Thermal camera
                    7.2.3.2 AID camera
                            TABLE 6 ITS MARKET FOR SURVEILLANCE CAMERAS IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (USD MILLION)
                            TABLE 7 ITS MARKET FOR SURVEILLANCE CAMERAS IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (MILLION UNITS)
           7.2.4 TELECOMMUNICATION NETWORK
                    7.2.4.1 Fiber optics
                    7.2.4.2 Copper line
                    7.2.4.3 Wireless media
                            TABLE 8 ITS MARKET FOR TELE-COMMUNICATION NETWORKS IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (USD MILLION)
           7.2.5 MONITORING AND DETECTION SYSTEM
                    7.2.5.1 Automatic number plate detection
                    7.2.5.2 Intelligent traffic controller
                            TABLE 9 ITS MARKET FOR MONITORING AND DETECTION SYSTEM IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (USD MILLION)
           7.2.6 OTHERS
                    7.2.6.1 Linked traffic controller
                    7.2.6.2 Variable message sign
                            TABLE 10 ITS MARKET FOR OTHER HARDWARE COMPONENT IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (USD MILLION)
    7.3 SOFTWARE
        FIGURE 35 ITS MARKET: SOFTWARE COMPONENTS
        TABLE 11 ITS MARKET FOR SOFTWARE IN ROADWAYS, BY COMPONENT, 2017–2025 (USD MILLION)
           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
        FIGURE 36 ITS MARKET: SERVICES
        TABLE 12 ITS MARKET IN ROADWAYS, BY SERVICE, 2017–2025 (USD MILLION)
           7.4.1 BUSINESS AND CLOUD SERVICES
           7.4.2 SUPPORT AND MAINTENANCE SERVICES
    7.5 IMPACT OF COVID-19 ON ROADWAYS OFFERINGS

8 ITS MARKET IN ROADWAYS, BY SYSTEM (Page No. - 81)
    8.1 INTRODUCTION
        FIGURE 37 ITS MARKET FOR ROADWAYS: BY SYSTEM
        FIGURE 38 ADVANCED TRAFFIC MANAGEMENT SYSTEM SEGMENT TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD
        TABLE 13 ITS MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD BILLION)
    8.2 ADVANCED TRAFFIC MANAGEMENT SYSTEM (ATMS)
           8.2.1 ATMS SEGMENT CURRENTLY HOLDS LARGEST SHARE OF ITS MARKET
                 TABLE 14 ADVANCED TRAFFIC MANAGEMENT SYSTEM MARKET FOR ROADWAYS, BY APPLICATION, 2017–2025 (USD MILLION)
                 TABLE 15 ADVANCED TRAFFIC MANAGEMENT SYSTEM MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
                 FIGURE 39 ANALYSIS OF ATMS SEGMENT: PRE- VS POST-COVID-19
    8.3 ADVANCED TRAVELER INFORMATION SYSTEM (ATIS)
           8.3.1 VEHICLE-TO-VEHICLE (V2V), VEHICLE-TO-INFRASTRUCTURE (V2I), VEHICLE-TO-EVERYTHING (V2X) COMMUNICATION
                    8.3.1.1 V2V, V2I, and V2X technologies play a vital role when it comes to connected car concept
                            TABLE 16 ADVANCED TRAVELER INFORMATION SYSTEM MARKET FOR ROADWAYS, BY APPLICATION, 2017–2025 (USD MILLION)
                            TABLE 17 ADVANCED TRAVELER INFORMATION SYSTEM MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
    8.4 ITS-ENABLED TRANSPORTATION PRICING SYSTEM (ITPS)
           8.4.1 ITPS IS EXPECTED TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
                 TABLE 18 ITS-ENABLED TRANSPORTATION PRICING SYSTEM MARKET FOR ROADWAYS, BY APPLICATION, 2017–2025 (USD MILLION)
                 TABLE 19 ITS-ENABLED TRANSPORTATION PRICING SYSTEM MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
                 FIGURE 40 ANALYSIS OF ITPS SEGMENT: PRE- VS POST-COVID-19
    8.5 ADVANCED PUBLIC TRANSPORTATION SYSTEM (APTS)
           8.5.1 IMPACT OF COVID-19 ON APTS MAY BE GREATER AS COMPARED TO OTHER SYSTEMS
                 TABLE 20 ADVANCED PUBLIC TRANSPORTATION SYSTEM MARKET FOR ROADWAYS, BY APPLICATION, 2017–2025 (USD MILLION)
                 TABLE 21 ADVANCED PUBLIC TRANSPORTATION SYSTEM MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
    8.6 COMMERCIAL VEHICLE OPERATION (CVO)
           8.6.1 CVO IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
                 TABLE 22 COMMERCIAL VEHICLE OPERATION MARKET FOR ROADWAYS, BY APPLICATION, 2017–2025 (USD MILLION)
                 TABLE 23 COMMERCIAL VEHICLE OPERATION MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
    8.7 IMPACT OF COVID-19 ON ROADWAY SYSTEMS

9 ITS MARKET FOR ROADWAYS, BY APPLICATION (Page No. - 91)
    9.1 INTRODUCTION
        FIGURE 41 ITS MARKET FOR ROADWAYS: BY APPLICATION
        FIGURE 42 INTELLIGENT TRAFFIC CONTROL APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2020
        TABLE 24 ITS MARKET FOR ROADWAYS, BY APPLICATION, 2017–2025 (USD BILLION)
    9.2 FLEET MANAGEMENT AND ASSET MONITORING
           9.2.1 VEHICLE TRACKING THROUGH GPS IS ONE OF THE KEY FEATURES IN THIS APPLICATION
                 TABLE 25 FLEET MANAGEMENT AND ASSET MONITORING MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION)
                 TABLE 26 FLEET MANAGEMENT AND ASSET MONITORING MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
                 FIGURE 43 ANALYSIS OF FLEET MANAGEMENT AND ASSET MONITORING SEGMENT:
    9.3 INTELLIGENT TRAFFIC CONTROL
        FIGURE 44 TYPES OF INTELLIGENT TRAFFIC CONTROL
           9.3.1 TRAFFIC MONITORING
                    9.3.1.1 Traffic monitoring system helps to monitor real-time traffic
           9.3.2 TRAFFIC SIGNAL CONTROL
                    9.3.2.1 Traffic signal control system serves as an effective measure for relieving urban traffic congestion
           9.3.3 TRAFFIC ENFORCEMENT CAMERAS
                    9.3.3.1 Traffic enforcement cameras help to monitor violation of traffic laws
           9.3.4 VARIABLE TRAFFIC MESSAGE SIGN
                    9.3.4.1 Variable traffic message sign is an electronic and intelligent display panel for road traffic management
                            TABLE 27 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SUB-SYSTEM, 2017–2025 (USD MILLION)
                            TABLE 28 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION)
                            TABLE 29 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
    9.4 COLLISION AVOIDANCE
           9.4.1 COLLISION AVOIDANCE IS A SMALL MARKET BUT TO GROW SIGNIFICANTLY DURING FORECAST PERIOD
                 TABLE 30 COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION)
                 TABLE 31 COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
    9.5 PARKING MANAGEMENT
           9.5.1 PARKING MANAGEMENT SYSTEM PROVIDES ELECTRONIC MONITORING AND MANAGEMENT OF PARKING FACILITIES
                 TABLE 32 PARKING MANAGEMENT MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION)
                 TABLE 33 PARKING MANAGEMENT MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
                 FIGURE 45 ANALYSIS OF PARKING MANAGEMENT SEGMENT: PRE- VS POST-COVID-19
    9.6 PASSENGER INFORMATION MANAGEMENT
           9.6.1 INCREASING DEMAND FOR INTERACTIVE DISPLAYS TO DRIVE THE MARKET FOR PASSENGER INFORMATION MANAGEMENT
                 TABLE 34 PASSENGER INFORMATION MANAGEMENT MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION)
                 TABLE 35 PASSENGER INFORMATION MANAGEMENT MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
    9.7 TICKETING MANAGEMENT
           9.7.1 INCREASING USAGE OF E-TICKETING, INTEGRATED PAYMENT SYSTEMS, AND SMARTCARDS IS EXPECTED TO DRIVE MARKET FOR TICKETING MANAGEMENT
                 TABLE 36 TICKETING MANAGEMENT MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION)
                 TABLE 37 TICKETING MANAGEMENT MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
                 FIGURE 46 ANALYSIS OF TICKETING MANAGEMENT SEGMENT: PRE- VS POST-COVID-19
    9.8 EMERGENCY VEHICLE NOTIFICATION
           9.8.1 EMERGENCE OF COMMERCIAL VEHICLES IS MAJOR GROWTH DRIVER FOR THIS MARKET
                 TABLE 38 EMERGENCY VEHICLE NOTIFICATION MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION)
                 TABLE 39 EMERGENCY VEHICLE NOTIFICATION MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
    9.9 AUTOMOTIVE TELEMATICS
           9.9.1 AUTOMOTIVE TELEMATICS IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
                 TABLE 40 AUTOMOTIVE TELEMATICS MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION)
                 TABLE 41 AUTOMOTIVE TELEMATICS MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION)
    9.1 IMPACT OF COVID-19 ON ROADWAYS APPLICATIONS

10 ITS MARKET FOR RAILWAYS, BY APPLICATION (Page No. - 105)
     10.1 INTRODUCTION
          FIGURE 47 ITS MARKET FOR RAILWAYS, BY APPLICATION
          FIGURE 48 ITS MARKET FOR SMART TICKETING APPLICATION IN RAILWAYS IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 42 ITS MARKET FOR RAILWAYS, BY APPLICATION, 2017–2025 (USD BILLION)
     10.2 RAIL-RUNNING OPERATION AND COLLISION AVOIDANCE
             10.2.1 RAIL-RUNNING OPERATION AND COLLISION AVOIDANCE TO HOLD LARGEST SHARE OF ITS MARKET FOR RAILWAYS
                    TABLE 43 ITS MARKET FOR RAILWAYS IN RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                    FIGURE 49 ANALYSIS OF RAIL-RUNNING OPERATION & COLLISION AVOIDANCE SEGMENT: PRE- VS POST-COVID-19
     10.3 PASSENGER INFORMATION MANAGEMENT
             10.3.1 PASSENGER INFORMATION MANAGEMENT SERVES AS A TOOL TO PROVIDE PRE-TRIP AND REAL-TIME INFORMATION
                    TABLE 44 ITS MARKET FOR RAILWAYS IN PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2017–2025 (USD MILLION)
     10.4 SMART TICKETING
             10.4.1 SMART TICKETING IS EXPECTED TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 45 ITS MARKET FOR RAILWAYS IN SMART TICKETING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                    FIGURE 50 ANALYSIS OF SMART TICKETING SEGMENT: PRE- VS POST-COVID-19
     10.5 SECURITY AND SURVEILLANCE
             10.5.1 VULNERABILITY TO SECURITY THREATS HAS INCREASED NEED FOR SECURITY AND SURVEILLANCE IN RAILWAYS
                    TABLE 46 ITS MARKET FOR RAILWAYS IN SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
     10.6 EMERGENCY NOTIFICATION
             10.6.1 EMERGENCY NOTIFICATION PLAYS A KEY ROLE IN HELPING REDUCE CHANCES OF ACCIDENTS IN RAILWAYS
                    TABLE 47 ITS MARKET FOR RAILWAYS IN EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2017–2025 (USD MILLION)
     10.7 OTHERS
          TABLE 48 ITS MARKET FOR RAILWAYS IN OTHERS APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
     10.8 IMPACT OF COVID-19 ON RAILWAYS APPLICATIONS

11 ITS MARKET FOR AVIATION, BY APPLICATION (Page No. - 113)
     11.1 INTRODUCTION
          FIGURE 51 ITS MARKET FOR AVIATION: BY APPLICATION
          FIGURE 52 ITS MARKET FOR SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
          TABLE 49 ITS MARKET FOR AVIATION, BY APPLICATION, 2017–2025 (USD MILLION)
     11.2 SECURITY AND SURVEILLANCE
             11.2.1 SECURITY AND SURVEILLANCE HELPS TO AVOID UNETHICAL AND UNLAWFUL ACTIVITIES
                    TABLE 50 ITS MARKET FOR AVIATION IN SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                    FIGURE 53 ANALYSIS OF SECURITY & SURVEILLANCE SEGMENT: PRE- VS POST-COVID-19
     11.3 SHUTTLE BUS TRACKING
             11.3.1 SHUTTLE BUS TRACKING IS CURRENTLY HAVING LESS FOCUS AS COMPARED TO OTHER AVIATION APPLICATIONS
                    TABLE 51 ITS MARKET FOR AVIATION IN SHUTTLE BUS TRACKING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
     11.4 TRAVELER INFORMATION
             11.4.1 INCREASING DEMAND FOR INTERACTIVE DISPLAYS TO DRIVE MARKET FOR TRAVELLER INFORMATION
                    TABLE 52 ITS MARKET FOR AVIATION IN TRAVELER INFORMATION APPLICATION, BY REGION, 2017–2025 (USD MILLION)
     11.5 SMART TICKETING
             11.5.1 SMART TICKETING APPLICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 53 ITS MARKET FOR AVIATION IN SMART TICKETING APPLICATION, BY REGION, 2017–2025 (USD MILLION)
     11.6 AIRCRAFT MANAGEMENT
             11.6.1 AIRCRAFT MANAGEMENT HOLDS LARGEST SHARE OF ITS MARKET FOR AVIATION
                    TABLE 54 ITS MARKET FOR AVIATION IN AIRCRAFT MANAGEMENT APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                    FIGURE 54 ANALYSIS OF AIRCRAFT MANAGEMENT SEGMENT: PRE- VS POST-COVID-19
     11.7 EMERGENCY NOTIFICATION
             11.7.1 DEPLOYMENT OF SURVEILLANCE CAMERAS IS EXPECTED TO DRIVE MARKET FOR EMERGENCY NOTIFICATION
                    TABLE 55 ITS MARKET FOR AVIATION IN EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2017–2025 (USD MILLION)
     11.8 OTHERS
          TABLE 56 ITS MARKET FOR AVIATION IN OTHER APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
     11.9 IMPACT OF COVID-19 ON AVIATION APPLICATIONS

12 ITS MARKET IN MARITIME, BY APPLICATION (Page No. - 121)
     12.1 INTRODUCTION
          FIGURE 55 ITS MARKET FOR MARITIME: BY APPLICATION
          FIGURE 56 FREIGHT ARRIVAL & TRANSIT APPLICATION SEGMENT TO HOLD LARGEST SHARE OF ITS MARKET FOR MARITIME DURING FORECAST PERIOD
          TABLE 57 ITS MARKET FOR MARITIME, BY APPLICATION, 2017–2025 (USD MILLION)
     12.2 FREIGHT ARRIVAL & TRANSIT
             12.2.1 FREIGHT ARRIVAL & TRANSIT APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET IN MARITIME
                    TABLE 58 ITS MARKET FOR MARITIME IN FREIGHT ARRIVAL & TRANSIT APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                    FIGURE 57 ANALYSIS OF FREIGHT ARRIVAL & TRANSIT SEGMENT: PRE- VS POST-COVID-19
     12.3 REAL-TIME WEATHER INFORMATION
             12.3.1 REAL-TIME WEATHER INFORMATION HOLDS LESS SHARE OF ITS MARKET FOR MARITIME
                    TABLE 59 ITS MARKET FOR MARITIME IN REAL-TIME WEATHER INFORMATION APPLICATION, BY REGION, 2017–2025 (USD MILLION)
     12.4 SCHEDULING OF CONTAINER MOVEMENT
             12.4.1 SCHEDULING OF CONTAINER MOVEMENT APPLICATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 60 ITS MARKET FOR MARITIME IN SCHEDULING OF CONTAINER MOVEMENT APPLICATION, BY REGION, 2017–2025 (USD MILLION)
                    FIGURE 58 ANALYSIS OF SCHEDULING OF CONTAINER MOVEMENT SEGMENT: PRE- VS POST-COVID-19
     12.5 EMERGENCY NOTIFICATION
             12.5.1 EMERGENCY NOTIFICATION APPLICATION PLAYS A VITAL ROLE IN MONITORING AND REDUCING CHANCES OF MARINE ACCIDENTS
                    TABLE 61 ITS MARKET FOR MARITIME IN EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2017–2025 (USD MILLION)
     12.6 OTHERS
          TABLE 62 ITS MARKET FOR MARITIME IN OTHER APPLICATIONS, BY REGION, 2017–2025 (USD MILLION)
     12.7 IMPACT OF COVID-19 ON MARITIME APPLICATIONS

13 GEOGRAPHIC ANALYSIS (Page No. - 128)
     13.1 INTRODUCTION
          FIGURE 59 ITS MARKET: BY REGION
          TABLE 63 ITS MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD BILLION)
          TABLE 64 ITS MARKET FOR RAILWAYS, BY REGION, 2017–2025 (USD BILLION)
          TABLE 65 ITS MARKET FOR AVIATION, BY REGION, 2017–2025 (USD MILLION)
          TABLE 66 ITS MARKET FOR MARITIME, BY REGION, 2017–2025 (USD MILLION)
     13.2 NORTH AMERICA
          FIGURE 60 ITS MARKET SEGMENTATION: NORTH AMERICA
          FIGURE 61 MARKET SNAPSHOT FOR ROADWAYS IN NORTH AMERICA
          TABLE 67 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
          TABLE 68 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY SYSTEM, 2017–2025 (USD MILLION)
          TABLE 69 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY APPLICATION, 2017–2025 (USD MILLION)
             13.2.1 IMPACT OF COVID-19 ON NORTH AMERICA
                    FIGURE 62 ANALYSIS OF MARKET FOR NORTH AMERICA: PRE- VS POST-COVID-19
             13.2.2 US
                        13.2.2.1 US is currently holding first rank in ITS market in North America
                                 TABLE 70 ITS MARKET FOR ROADWAYS IN THE US, BY SYSTEM, 2017–2025 (USD MILLION)
             13.2.3 CANADA
                        13.2.3.1 Canada is holding second rank in ITS ecosystem in North America
                                 TABLE 71 ITS MARKET FOR ROADWAYS IN CANADA, BY SYSTEM, 2017–2025 (USD MILLION)
             13.2.4 MEXICO
                        13.2.4.1 Mexico is witnessing significant growth in North America ITS market
                                 TABLE 72 ITS MARKET FOR ROADWAYS IN MEXICO, BY SYSTEM, 2017–2025 (USD MILLION)
     13.3 EUROPE
          FIGURE 63 ITS MARKET SEGMENTATION: EUROPE
          FIGURE 64 MARKET SNAPSHOT FOR ROADWAYS IN EUROPE
          TABLE 73 I ITS MARKET FOR ROADWAYS IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
          TABLE 74 ITS MARKET FOR ROADWAYS IN EUROPE, BY SYSTEM, 2017–2025 (USD MILLION)
          TABLE 75 ITS MARKET FOR ROADWAYS IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION)
             13.3.1 IMPACT OF COVID-19 ON EUROPE
                    FIGURE 65 ANALYSIS OF MARKET FOR EUROPE: PRE- VS POST-COVID-19
             13.3.2 UK
                        13.3.2.1 UK holds largest share of ITS market in Europe
                                 TABLE 76 ITS MARKET FOR ROADWAYS IN UK, BY SYSTEM, 2017–2025 (USD MILLION)
             13.3.3 GERMANY
                        13.3.3.1 Germany holds second position in ITS market in Europe
                                 TABLE 77 ITS MARKET FOR ROADWAYS IN GERMANY, BY SYSTEM, 2017–2025 (USD MILLION)
             13.3.4 FRANCE
                        13.3.4.1 ITS plays a vital role in the French Transport Policy
                                 TABLE 78 ITS MARKET FOR ROADWAYS IN FRANCE, BY SYSTEM, 2017–2025 (USD MILLION)
             13.3.5 ITALY
                        13.3.5.1 Italy to hold significant market share in ITS ecosystem
                                 TABLE 79 ITS MARKET FOR ROADWAYS IN ITALY, BY SYSTEM, 2017–2025 (USD MILLION)
             13.3.6 SPAIN
                        13.3.6.1 High traffic density in Spain to drive the market growth
                                 TABLE 80 ITS MARKET FOR ROADWAYS IN SPAIN, BY SYSTEM, 2017–2025 (USD MILLION)
             13.3.7 BELGIUM
                        13.3.7.1 Developments in the transport sector to drive ITS market in Belgium
                                 TABLE 81 ITS MARKET FOR ROADWAYS IN BELGIUM, BY SYSTEM, 2017–2025 (USD MILLION)
             13.3.8 DENMARK
                        13.3.8.1 Innovation in technology to drive ITS market in Denmark
                                 TABLE 82 ITS MARKET FOR ROADWAYS IN DENMARK, BY SYSTEM, 2017–2025 (USD MILLION)
             13.3.9 AUSTRIA
                        13.3.9.1 Well-established transport sector to boost the market growth
                                 TABLE 83 ITS MARKET FOR ROADWAYS IN AUSTRIA, BY SYSTEM, 2017–2025 (USD MILLION)
             13.3.10 SWEDEN
                        13.3.10.1 Frequent usage of public transit systems to boost the deployment of ITS
                                 TABLE 84 ITS MARKET FOR ROADWAYS IN SWEDEN, BY SYSTEM, 2017–2025 (USD MILLION)
             13.3.11 REST OF EUROPE
                     TABLE 85 ITS MARKET FOR ROADWAYS IN REST OF EUROPE, BY SYSTEM, 2017–2025 (USD MILLION)
     13.4 APAC
          FIGURE 66 ITS MARKET SEGMENTATION: APAC
          FIGURE 67 MARKET SNAPSHOT FOR ROADWAYS IN APAC
          TABLE 86 ITS MARKET FOR ROADWAYS IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
          TABLE 87 ITS MARKET FOR ROADWAYS IN APAC, BY SYSTEM, 2017–2025 (USD MILLION)
          TABLE 88 ITS MARKET FOR ROADWAYS IN APAC, BY APPLICATION, 2017–2025 (USD MILLION)
             13.4.1 IMPACT OF COVID-19 ON APAC
                    FIGURE 68 ANALYSIS OF MARKET FOR APAC: PRE- VS POST-COVID-19
             13.4.2 CHINA
                        13.4.2.1 China is one of major markets for ITS in APAC
                                 TABLE 89 ITS MARKET FOR ROADWAYS IN CHINA, BY SYSTEM, 2017–2025 (USD MILLION)
             13.4.3 JAPAN
                        13.4.3.1 Japan is holding first rank in ITS market in APAC
                                 TABLE 90 ITS MARKET FOR ROADWAYS IN JAPAN, BY SYSTEM, 2017–2025 (USD MILLION)
             13.4.4 SOUTH KOREA
                        13.4.4.1 South Korea is a significant contributor to ITS market in APAC
                                 TABLE 91 ITS MARKET FOR ROADWAYS IN SOUTH KOREA, BY SYSTEM, 2017–2025 (USD MILLION)
             13.4.5 INDIA
                        13.4.5.1 India is in a nascent stage in ITS deployment in APAC
                                 TABLE 92 ITS MARKET FOR ROADWAYS IN INDIA, BY SYSTEM, 2017–2025 (USD MILLION)
             13.4.6 AUSTRALIA
                        13.4.6.1 Australia is expected to register highest CAGR in APAC ITS market
                                 TABLE 93 ITS MARKET FOR ROADWAYS IN AUSTRALIA, BY SYSTEM, 2017–2025 (USD MILLION)
             13.4.7 REST OF APAC
                    TABLE 94 ITS MARKET FOR ROADWAYS IN REST OF APAC, BY SYSTEM, 2017–2025 (USD MILLION)
     13.5 REST OF WORLD (ROW)
          FIGURE 69 ITS MARKET SEGMENTATION: REST OF WORLD
          FIGURE 70 MARKET SNAPSHOT FOR ROADWAYS IN ROW
          TABLE 95 ITS MARKET FOR ROADWAYS IN ROW, BY COUNTRY, 2017–2025 (USD MILLION)
          TABLE 96 ITS MARKET FOR ROADWAYS IN ROW, BY SYSTEM, 2017–2025 (USD MILLION)
          TABLE 97 ITS MARKET FOR ROADWAYS IN ROW, BY APPLICATION, 2017–2025 (USD MILLION)
             13.5.1 IMPACT OF COVID-19 ON ROW
                    FIGURE 71 ANALYSIS OF MARKET FOR ROW: PRE- VS POST-COVID-19
             13.5.2 SOUTH AMERICA
                        13.5.2.1 South America is dominating the ITS market in RoW
                                 TABLE 98 ITS MARKET FOR ROADWAYS IN SOUTH AMERICA, BY SYSTEM, 2017–2025 (USD MILLION)
             13.5.3 AFRICA
                        13.5.3.1 Traffic congestion and increasing pollution to drive the growth of ITS market in Africa
                                 TABLE 99 ITS MARKET FOR ROADWAYS IN AFRICA, BY SYSTEM, 2017–2025 (USD MILLION)
             13.5.4 MIDDLE EAST
                        13.5.4.1 Middle East to record significant growth during forecast period
                                 TABLE 100 ITS MARKET FOR ROADWAYS IN MIDDLE EAST, BY SYSTEM, 2017–2025 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 161)
     14.1 INTRODUCTION
          FIGURE 72 ITS MARKET: KEY GROWTH STRATEGY ADOPTED BY COMPANIES FROM 2017 T0 2020
     14.2 RANKING ANALYSIS OF KEY PLAYERS IN ITS MARKET
          FIGURE 73 ITS MARKET: RANKING OF KEY COMPANIES
     14.3 COMPETITIVE SITUATIONS AND TRENDS
             14.3.1 NEW PRODUCT LAUNCHES
                    TABLE 101 NEW PRODUCT LAUNCHES, 2019–2020
             14.3.2 CONTRACTS, COLLABORATIONS, AND PARTNERSHIPS
                    TABLE 102 CONTRACTS, COLLABORATIONS, AND PARTNERSHIP, 2019–2020
             14.3.3 ACQUISITIONS
                    TABLE 103 ACQUISITIONS, 2018–2020
     14.4 COMPETITIVE LEADERSHIP MAPPING, 2019
             14.4.1 VISIONARY LEADERS
             14.4.2 DYNAMIC DIFFERENTIATORS
             14.4.3 INNOVATORS
             14.4.4 EMERGING COMPANIES
                    FIGURE 74 ITS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019

15 COMPANY PROFILE (Page No. - 168)
     15.1 INTRODUCTION
(Business Overview, Products/solutions/services offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View)*
     15.2 KEY PLAYERS
             15.2.1 THALES GROUP
                    FIGURE 75 THALES GROUP: COMPANY SNAPSHOT
             15.2.2 SIEMENS
                    FIGURE 76 SIEMENS: COMPANY SNAPSHOT
             15.2.3 KAPSCH TRAFFICCOM
                    FIGURE 77 KAPSCH TRAFFICCOM: COMPANY SNAPSHOT
             15.2.4 GARMIN
                    FIGURE 78 GARMIN: COMPANY SNAPSHOT
             15.2.5 TOMTOM INTERNATIONAL BV
                    FIGURE 79 TOMTOM INTERNATIONAL BV: COMPANY SNAPSHOT
             15.2.6 CUBIC CORPORATION
                    FIGURE 80 CUBIC CORPORATION: COMPANY SNAPSHOT
             15.2.7 CISCO SYSTEMS
                    FIGURE 81 CISCO SYSTEMS: COMPANY SNAPSHOT
             15.2.8 FLIR SYSTEMS, INC.
                    FIGURE 82 FLIR SYSTEMS, INC.: COMPANY SNAPSHOT
             15.2.9 INDRA SISTEMAS, S.A.
                    FIGURE 83 INDRA SISTEMAS, S.A.: COMPANY SNAPSHOT
             15.2.10 EFKON GMBH
     15.3 RIGHT TO WIN
     15.4 OTHER IMPORTANT PLAYERS
             15.4.1 Q-FREE
             15.4.2 DENSO CORPORATION
             15.4.3 ITERIS
             15.4.4 TRANSCORE
             15.4.5 SAVARI
             15.4.6 RICARDO
             15.4.7 LANNER ELECTRONICS
             15.4.8 GEOTOLL
             15.4.9 CITILOG
             15.4.10 CELLINT

*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.

16 APPENDIX (Page No. - 210)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR 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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