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
[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.
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uncertainty and impact on consumer behavior caused by COVID-19 have affected business; accordingly, the company has withdrawn its fiscal 2020 guidance.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.
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.
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 |
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Forecast units |
Value (USD Billion/USD Million), Volume (Million Units) |
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Segments covered |
Offering, System, Application, and Region |
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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). |
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.
Frequently Asked Questions (FAQ):
What is the current size of the global ITS market for roadways?
The 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%.
Who are the winers in the global ITS market?
Some of the key companies operating in the ITS market are 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 players have adopted various growth strategies such as product launches, partnerships, contracts, collaborations, acquisitions, and expansion to expand their global presence and increase their share in the global ITS market.
What are the major drivers for the ITS market?
The 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 have proved to be the major driving forces for ITS market for roadways.
What are the growing applications in the ITS market?
Intelligent traffic control application is currently holding the largest share in the ITS market in roadways. It involves a much closer interaction between all of its constituents: drivers, pedestrians, public transportation, and traffic management systems.
The growing demand for driving assistance systems and automatic driving systems is supporting market growth for automotive telematics market.
What are the impact of COVID-19 on the global ITS market?
Due to COVID-19, the manufacturing units are highly hampered due to worldwide lockdown and limited availability of labor and raw material. This has resulted in a delay in ongoing transport projects to a greater extent. Some experts argue that the governments may rethink on their recently announced transport project plans to curb traffic congestion. However, they may come up with a revised plan in the next 6–8 months. It is likely that by 2021, the business and projects will see a smooth functioning once there is an ease in restrictions. .
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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.
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.
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)
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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- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Intelligent Transportation System Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Intelligent Transportation System Market
The deployment of intelligent transportation systems can help reduce the emission of greenhouse gases. It can also deliver environmental benefits by reducing traffic congestion. These factors has led to its high demand in the automotive sector. I'm interested in knowing the market for roadways.
I can see that the intelligent transportation systems market is witnessing significant growth in the APAC region. We are planning to expand our presence in this region, so would like to know if drivers, restraints, challenges, and opportunities specific to market in APAC available in the report?
The intelligent transportation systems market is having huge potential for growth in the APAC region. I want to know if we can get ITS market revenue split by applications for Australia, Singapore, and Hong Kong.
The growth of the intelligent transportation systems market is highly impacted by the rapid developments and advancements in the IoT industry. How will be the growth trend of the market for next 3-5 years owing to these advancements?
Roadways is the largest application area for intelligent transportation systems. We want to get insights on other emerging application areas for intelligent transportation systems. Is this type of information covered in the report?