Intelligent Transportation System Market

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

Report Code: SE 2415 Mar, 2018, by marketsandmarkets.com
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[189 Pages Report] Intelligent transportation system (ITS) benefits various means of ground transportation—including roadways, railways, aviation, and maritime—with its capability of providing improved safety, mobility, and efficiency across the transportation network of any city. These systems are also considered as the application of sensing, analysis, control, and communications technologies for ground transportation to reduce traffic congestion and greenhouse emission. ITS enables the collection, processing, and transfer of data through various installed devices, such as cameras and sensors, to traffic management centers on a real-time basis for different applications.

The global ITS market is expected to grow from USD 46.16 billion in 2018 to USD 64.92 billion by 2023, at a CAGR of 7.06% between 2018 and 2023. The factors such as increasing concerns related to public safety, growing traffic congestion problems, and increasing favorable initiatives taken by the government for effective traffic management have proved to be the major driving forces for the ITS market for roadways.

Intelligent Transportation System Market

Helped a leading vendor in the ITS ecosystem to target opportunities worth ~USD 800 Million in the Middle East markets

Client’s Problem Statement

A leading vendor in ITS ecosystem was keen to understand the market for roadways in the Middle Eastern regions. Moreover, the client was also looking forward to increase their market share in the said geographies.

MnM Approach

The client engaged MnM to conduct a study with multiple objectives.
• Detailed competitive landscape for Middle Eastern regions along with the benchmarking of the key vendors has been provided to the client.
• Comprehensive study of market opportunities, key innovations, roadways constructions in the targeted countries of corresponding geographies has been provided.
• Market sizing, forecasting across various systems such as advanced traffic management system, advanced traveler information system, ITS-enabled transportation pricing system, advanced public transportation system, commercial vehicle operation has been provided.

Revenue Impact (RI)

This helped the client to target opportunities worth ~USD 800 million in the said geographies.

Consult our Analyst now

Commercial vehicle operation is expected to grow at highest CAGR during the forecast period

The highest growth rate of commercial vehicle operation (CVO) systems is attributed to its wide range of applications in private busses, taxis, and trucks. In addition, these systems are also used during the service and repair of vehicles. The CVO systems are equipped with monitoring and information system that can facilitate a driver in finding safe routes and calculating the total travel time. In addition, using these systems, owners can track their vehicles.

Intelligent traffic control application expected to hold the largest size of the intelligent transportation system market

An intelligent traffic control application involves a much closer interaction between all of its components: drivers, pedestrians, public transportation, and traffic management systems. Adaptive signal systems, driver advisory, route planning, and automated vehicles are some of the goals set up to increase the efficiency of actual systems.

APAC is expected to grow at the highest CAGR during the forecast period

The highest CAGR of APAC is, owing to the transport infrastructure-related development in economically developing countries, including China, Japan, and Australia.

Intelligent Transportation System Market

Market Dynamics

Driver: Development of smart cities across the world

Transforming traditional cities into smart cities by deploying state-of-the-art technologies in all the possible sectors—such as industrial, transport, and healthcare—is significantly influencing the global ITS market. In smart cities, providing effective, low-cost, and energy-efficient transport services is an essential factor that is likely to define its effectiveness. Thus, the concept of ITSs has been proposed and lauded as an innovative and promising solution for the next-generation of transport networks. In addition, the implementation of ITS across the transport infrastructure of a smart city is expected to accelerate the growth and development of a region as it is capable of managing the efficient movement of people, goods, and services throughout the city. ITS associated with seamless features, such as public transportation management, availability of route information, safety and vehicle control, electronic timetable and electronic payment system and acceptance of single fare card, is likely to propel its growth and accelerate its deployment throughout the forecast period.

Restraint: Relatively slow growing infrastructure sector

The slow infrastructural growth due to space and cost constraints is a major hindrance for ITS to gain traction. ITSs are chiefly deployed in developed countries, such as the US, the UK, and Japan, to manage traffic effectively. These countries have efficient transport services and infrastructure. However, these ITSs are also implemented in developing countries such as India and South Korea, albeit slowly as it involves various innovations and adaptation to suit the roadways.

Road traffic congestion is a recurring problem worldwide. This is a scenario faced especially in developing countries because the growth in infrastructure is slower than the number of vehicles released in the market.

Opportunity: Increasing number of economically and technologically developing countries

The deployment of ITS across the transport infrastructure of any country can significantly enhance productivity and expand the economic growth of countries as it improves the transportation system. This, in turn, ensures speedy delivery of products to its respective destinations. Many transportation agencies effectively use ITS to reduce traffic congestion. In addition, the increasing number of economically and technologically developing countries—such as India, China, and South Korea—are likely to propel the deployment of ITS across the transport infrastructure, thereby creating more opportunities in the global ITS market. Furthermore, achieving “free-flow traffic conditions” around key urban and suburban destinations can significantly enhance the economies in the region.

Challenge: Achieving interoperable and standard ITS architecture

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; during the implementation of various ITS systems. However, the lack of standard ITS infrastructure is an issue; for instance, an electronic toll collection on-board unit does not have any display and performs only validation functions. Besides, it cannot receive or transmit any message, and moreover, every country has a different type of on-board unit (OBU) device. The major problem in implementing ITS is to integrate it with information technology. 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.

Scope of the Report

Report Metric

Details

Market size available for years

2015–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

USD million

Segments covered

Offering, System, Application, And Region

Geographies covered

North America, Europe, APAC, RoW

Companies covered

Thales Group (France), Siemens AG (Germany), Garmin Ltd. (Switzerland), Kapsch TrafficCom (Austria), TomTom International B.V. (Netherlands), Cubic Corporation (US), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc. (US), Denso Corporation (Japan)

The research report categorizes the intelligent transportation system market to forecast the revenues and analyze the trends in each of the following sub-segments:

By Offering:

  • Hardware
  • Software
  • Services

By System:

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

By Application:

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

By Region:

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

Key Market Players

Thales, Siemens, Garmin, Kapsch TrafficCom, TomTom International

Recent Developments

  • In November 2017, Thales was awarded a 3-year contract by Egypt National Railways (ENR) for the modernization of the signaling and telecommunications systems and all works related to a 180-km section of line between the towns of Asyut and Nagh Hammadi located in the Upper Egypt portion of the Alexandria–Cairo–Aswan rail corridor.
  • In October 2017, Kapsch TrafficCom has been selected by the Madrid City Council (Spain) to implement an intelligent mobility system. With a total investment of 1.9 million euros, the purpose of the project is to capture comprehensive data to accurately identify real traffic situations in the city, including all mobility modes: pedestrians, bicycles, motorcycles, and cars.
  • In October 2017, TomTom and Japanese mapping company, ZENRIN (Japan), announced their intention to collaborate on traffic services and mapping in Japan.
  • In August 2017, Q-Free signed a USD 3 million agreement with the US tolling system integrator TransCore (US). Under the agreement, Q-Free would provide services for operations and maintenance support for the recently deployed Intrada Insight image review solution on the Central Florida Expressway (CFX) project. The term of the contract is 6.5 years.
  • In April 2017, FLIR Systems launched FLIR United VMS 8.0, the latest version of the company's flagship video management solution (VMS), and three high-performance security cameras, including the FLIR PT-Series HD (High-Definition) thermal and visible camera system, the FLIR Quasar 4K fixed box camera, and the FLIR Ariel 3MP (3-megapixel) corner camera. All 3 cameras integrate with FLIR United VMS 8.0 and expand the company's end-to-end line of security solutions.

Critical questions the report answers:

  • What is the analysis for each submarket with respect to individual growth trends, prospects, and contributions to the overall market?
  • What are the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)?
  • Which are the key players operating in the market, and what are the factors contributing to their domination over other players?
  • What are the global trends in demand for this market?

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

Table of Contents

1 Introduction
    1.1 Study Objectives
    1.2 Definition
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key data from Secondary sources
           2.1.2 Primary Data
                    2.1.2.1 Key data from Primary sources
                    2.1.2.2 Breakdown of primaries
    2.2 Market size estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Introduction
    5.2 Market Dynamics for ITS in Roadways
           5.2.1 Drivers
           5.2.2 Restraints
           5.2.3 Opportunities
           5.2.4 Challenges
    5.3 Market Dynamics for ITS in Railways
           5.3.1 Drivers
           5.3.2 Restraints
           5.3.3 Opportunities
           5.3.4 Challenges
    5.4 Market Dynamics for ITS in Maritime
           5.4.1 Drivers
           5.4.2 Restraints
           5.4.3 Opportunities
           5.4.4 Challenges
    5.5 Market Dynamics for ITS in Aviation
           5.5.1 Drivers
           5.5.2 Restraints
           5.5.3 Opportunities
           5.5.4 Challenges

6 Industry Trends
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Key Industry Trends

7 Intelligent Transportation System Market, By Protocol (Qualitative)
    7.1 Introduction
    7.2 Short Range
           7.2.1 WAVE (IEEE 802.11)
           7.2.2 WPAN (IEEE 802.15
    7.3 Long Range
           7.3.1 WIMAX (IEEE 802.11)
           7.3.2 OFDM
    7.4 IEEE 1512
    7.5 Traffic Management Data Dictionary (TMDD)
    7.6 Others

8 Intelligent Transportation System Market for Roadways, By Offering
    8.1 Introduction
    8.2 Hardware
           8.2.1 Interface Board
                    8.2.1.1 Multifunctional Board
                    8.2.1.2 Vehicle Detection Board
                    8.2.1.3 Communication Board
           8.2.2 Sensor
                    8.2.2.1 Vehicle Detection Sensor
                    8.2.2.2 Pedestrian Presence Sensor
                    8.2.2.3 Speed Sensor
           8.2.3 Surveillance Camera
                    8.2.3.1 Thermal Camera
                    8.2.3.2 Aid Camera
           8.2.4 Telecommunication Network
                    8.2.4.1 Fiber Optics
                    8.2.4.2 Copper Line
                    8.2.4.3 Wireless Media
           8.2.5 Monitoring and Detection System
                    8.2.5.1 Automatic Number Plate Detection
                    8.2.5.2 Intelligent Traffic Controller
           8.2.6 Others
                    8.2.6.1 Linked Traffic Controller
                    8.2.6.2 Variable Message Sign
    8.3 Software
           8.3.1 Visualization Software
           8.3.2 Video Detection Management Software
           8.3.3 Transit Management System
           8.3.4 Others
    8.4 Services
           8.4.1 Business and Cloud Services
           8.4.2 Support and Maintenance Services

9 Intelligent Transportation System Market for Roadways, By System
    9.1 Introduction
    9.2 Advanced Traffic Management System (ATMS)
    9.3 Advanced Traveler Information System (ATIS)
           9.3.1 Vehicle-To-Vehicle (V2V) and Vehicle-To-Infrastructure (V2I) Communication
    9.4 ITS-Enabled Transportation Pricing System
    9.5 Advanced Public Transportation System (APTS)
    9.6 Commercial Vehicle Operation

10 Intelligent Transportation System Market for Roadways, By Application
     10.1 Introduction
     10.2 Fleet Management and Asset Monitoring
     10.3 Intelligent Traffic Control
             10.3.1 Traffic Monitoring
             10.3.2 Traffic Signal Control
             10.3.3 Traffic Enforcement Cameras
             10.3.4 Variable Traffic Message Sign
     10.4 Collision Avoidance
     10.5 Parking Management
     10.6 Passenger Information Management
     10.7 Ticketing Management
     10.8 Emergency Vehicle Notification
     10.9 Automotive Telematics

11 Intelligent Transportation System Market for Railways, By Application
     11.1 Introduction
     11.2 Rail-Running Operation and Collision Avoidance
     11.3 Passenger Information Management
     11.4 Smart Ticketing
     11.5 Security and Surveillance
     11.6 Emergency Notification
     11.7 Others

12 Intelligent Transportation System Market for Railways, By Solution
     12.1 Introduction
     12.2 Rail Network Operation 
     12.3 Integrated Rail Operation
     12.4 Security and Encryption Framework
     12.5 Asset Management and Maintenance    

13 Intelligent Transportation System Market for Aviation, By Application
     13.1 Introduction
     13.2 Security and Surveillance
     13.3 Shuttle Bus Tracking
     13.4 Traveler Information
     13.5 Smart Ticketing
     13.6 Aircraft Management
     13.7 Emergency Notification
     13.8 Others

14 Intelligent Transportation System Market for Aviation, By System
     14.1 Introduction
     14.2 Air Traffic Management
     14.3 Airline and Airport Operations
     14.4 Others

15 Intelligent Transportation System Market for Maritime, By Application
     15.1 Introduction
     15.2 Freight Arrival and Transit
     15.3 Real-Time Weather Information
     15.4 Scheduling of Container Movement
     15.5 Emergency Notification
     15.6 Others

16 Intelligent Transportation System Market for Maritime, By System
     16.1 Introduction
     16.2 Automatic Identification System (AIS)
     16.3 Vessel Traffic Services (VTS)
     16.4 Vessel Traffic Management Systems (VTMS)
     16.5 Vessel Traffic Management and Information Systems (VTMIS)
     16.6 Long Range Identification and Tracking system (LRIT)
     16.7 Others

17 Intelligent Transportation System Market, By Region
     17.1 North America
             17.1.1 US
             17.1.2 Canada
             17.1.3 Mexico
     17.2 Europe 
             17.2.1 UK
             17.2.2 Germany
             17.2.3 France
             17.2.4 Italy
             17.2.5 Spain
             17.2.6 Belgium
             17.2.7 Poland
             17.2.8 Denmark
             17.2.9 Austria
             17.2.10 Sweden
             17.2.11 Rest of Europe
     17.3 Asia-Pacific
             17.3.1 China
             17.3.2 Japan
             17.3.3 South Korea
             17.3.4 India
             17.3.5 Australia
             17.3.6 Rest of APAC
     17.4 RoW
             17.4.1 Middle East
             17.4.2 Africa
             17.4.3 South America

18 Competitive Landscape
     18.1 Introduction 
     18.2 Market Ranking Analysis of Players, 2017
     18.3 Competitive Situation and Trends
             18.3.1 New product launch/development
             18.3.2 Mergers & acquisitions
             18.3.3 Partnerships/Agreements/Strategic Alliances/Collaborations

19 Company Profile
     19.1 Key Players
             19.1.1 Thales
             19.1.2 Siemens
             19.1.3 Garmin
             19.1.4 Kapsch Trafficcom
             19.1.5 Tomtom International
             19.1.6 Cubic
             19.1.7 Q-Free
             19.1.8 Efkon
             19.1.9 Flir Systems
             19.1.10 Denso
     19.2 Key Innovators
             19.2.1 Geotoll
             19.2.2 Electricfeel
             19.2.3 Doublemap
             19.2.4 Bestmile
             19.2.5 Nutonomy
     19.3 Other Companies in ITS Market
             19.3.1 Iteris
             19.3.2 Ricardo
             19.3.3 Savari
             19.3.4 Transcore
             19.3.5 Lanner Electronics
(Business Overview, Products and Solutions Offered, Recent Developments, MnM View, SWOT Analysis)*

20 Appendix
     20.1 Knowledge Store: Marketsandmarkets’ Subscription Portal
     20.2 Marketsandmarkets Knowledge Store: Snapshot
     20.3 Related Reports 
     20.4 Author Details


List of Tables (109 Tables)

Table 1 Intelligent Transportation System Market for Roadways, By Offering, 2015–2023 (USD Billion)
Table 2 ITS Market for Hardware in Roadways, By Component, 2015–2023 (USD Billion)
Table 3 ITS Market for Interface Boards in Roadways, By Subcomponent, 2015–2023 (USD Billion)
Table 4 ITS Market for Sensors in Roadways, By Subcomponent, 2015–2023 (USD Billion)
Table 5 ITS Market for Sensors in Roadways, By Subcomponent, 2015–2023 (Million Units)
Table 6 ITS Market for Surveillance Cameras in Roadways, By Subcomponent, 2015–2023 (USD Billion)
Table 7 ITS Market for Surveillance Cameras in Roadways, By Subcomponent, 2015–2023 (Million Units)
Table 8 ITS Market for Telecommunication Networks in Roadways, By Subcomponent, 2015–2023 (USD Billion)
Table 9 ITS Market for Monitoring and Detection Systems in Roadways, By Subcomponent, 2015–2023 (USD Billion)
Table 10 ITS Market for Other Hardware Components in Roadways, By Subcomponent, 2015–2023 (USD Billion)
Table 11 Intelligent Transportation System Market for Software in Roadways, By Component, 2015–2023 (USD Billion)
Table 12 ITS Market in Roadways, By Service, 2015–2023 (USD Billion)
Table 13 ITS Market for Roadways, By System, 2015–2023 (USD Billion)
Table 14 ITS Market for Advanced Traffic Management Systems, By Region, 2015–2023 (USD Billion)
Table 15 ITS Market for Advanced Traveler Information Systems, By Region, 2015–2023 (USD Billion)
Table 16 ITS Market for ITS-Enabled Transportation Pricing Systems, By Region, 2015–2023 (USD Billion)
Table 17 ITS Market for Advanced Public Transportation Systems, By Region, 2015–2023 (USD Billion)
Table 18 Intelligent Transportation System Market for Commercial Vehicle Operations, By Region, 2015–2023 (USD Billion)
Table 19 advanced Traffic Management System Market for Roadways, By Application, 2015–2023 (USD Billion)
Table 20 advanced Traveler Information System Market for Roadways, By Application, 2015–2023 (USD Billion)
Table 21 ITS-Enable Transportation Pricing System Market for Roadways, By Application, 2015–2023 (USD Billion)
Table 22 Advanced Public Transportation System Market for Roadways, By Application, 2015–2023 (USD Billion)
Table 23 Commercial Vehicle Operation Market for Roadways, By Application, 2015–2023 (USD Billion)
Table 24 ITS Market for Roadways, By Application, 2015–2023 (USD Billion)
Table 25 ITS Market for Fleet Management and Asset Monitoring Applications, By Region, 2015–2023 (USD Million)
Table 26 ITS Market for Intelligent Traffic Control Applications, By Subsystem, 2015–2023 (USD Billion)
Table 27 Intelligent Transportation System Market for Intelligent Traffic Control, By Region, 2015–2023 (USD Million)
Table 28 ITS Market for Collision Avoidance Applications, By Region, 2015–2023 (USD Million)
Table 29 ITS Market for Parking Management Applications, By Region, 2015–2023 (USD Million)
Table 30 ITS Market for Passenger Information Management Applications, By Region, 2015–2023 (USD Million)
Table 31 ITS Market for Ticketing Management Application, By Region, 2015–2023 (USD Million)
Table 32 ITS Market for Emergency Vehicle Notification Applications, By Region, 2015–2023 (USD Million)
Table 33 ITS Market for Automotive Telematics Applications, By Region, 2015–2023 (USD Million)
Table 34 ITS Market for Railways, By Application, 2015–2023 (USD Billion)
Table 35 ITS Market for Rail-Running Operation & Collision Avoidance Applications, By Region, 2015–2023 (USD Million)
Table 36 ITS Market for Passenger Information Management Applications, By Region, 2015–2023 (USD Million)
Table 37 Intelligent Transportation System Market for Smart Ticketing Applications, By Region, 2015–2023 (USD Million)
Table 38 ITS Market for Security and Surveillance Applications, By Region, 2015–2023 (USD Million)
Table 39 ITS Market for Emergency Notification Applications, By Region, 2015–2023 (USD Million)
Table 40 ITS Market for Other Applications, By Region, 2015–2023 (USD Million)
Table 41 ITS Market for Railways, By Solution, 2015–2023 (USD Billion)
Table 42 ITS Market for Rail Network Operation Solution, By Region, 2015–2023 (USD Million)
Table 43 ITS Market for Integrated Rail Operation Solution, By Region, 2015–2023 (USD Million)
Table 44 ITS Market for Security and Encryption Framework Solution, By Region, 2015–2023 (USD Million)
Table 45 ITS Market for Asset Management & Maintenance Solution, By Region, 2015–2023 (USD Million)
Table 46 ITS Market for Aviation, By Application, 2015–2023 (USD Million)
Table 47 ITS Market for Security and Surveillance Applications, By Region, 2015–2023 (USD Million)
Table 48 ITS Market for Shuttle Bus Tracking Applications, By Region, 2015–2023 (USD Million)
Table 49 ITS Market for Traveler Information Applications, By Region, 2015–2023 (USD Million)
Table 50 Intelligent Transportation System Market for Smart Ticketing Applications, By Region, 2015–2023 (USD Million)
Table 51 ITS Market for Aircraft Management Applications, By Region, 2015–2023 (USD Million)
Table 52 ITS Market for Emergency Notification Applications, By Region, 2015–2023 (USD Million)
Table 53 ITS Market for Other Applications, By Region, 2015–2023 (USD Million)
Table 54 ITS Market for Aviation, By System, 2015–2023 (USD Million)
Table 55 ITS Market for Air Traffic Management, By Region, 2015–2023 (USD Million)
Table 56 ITS Market Airline and Airport Operations, By Region, 2015–2023 (USD Million)
Table 57 ITS Market for Others, By Region, 2015–2023 (USD Million)
Table 58 ITS Market for Maritime, By Application, 2015–2023 (USD Billion)
Table 59 ITS Market for Freight Arrival and Transit Applications, By Region, 2015–2023 (USD Million)
Table 60 ITS Market for Real-Time Weather Information Applications, By Region, 2015–2023 (USD Million)
Table 61 ITS Market for Scheduling of Container Movement Applications, By Region, 2015–2023 (USD Million)
Table 62 ITS Market for Emergency Notification Applications, By Region, 2015–2023 (USD Million)
Table 63 ITS Market for Other Applications, By Region, 2015–2023 (USD Million)
Table 64 ITS Market for Maritime, By System, 2015–2023 (USD Billion)
Table 65 ITS Market for Automatic Identification System (AIS), By Region, 2015–2023 (USD Million)
Table 66 ITS Market for Vessel Traffic Services (VTS), By Region, 2015–2023 (USD Million)
Table 67 ITS Market for Vessel Traffic Management Systems (VTMS), By Region, 2015–2023 (USD Million)
Table 68 ITS Market for Vessel Traffic Management and Information Systems (VTMIS), By Region, 2015–2023 (USD Million)
Table 69 ITS Market for Long Range Identification and Tracking System (LRIT), By Region, 2015–2023 (USD Million)
Table 70 ITS Market for Roadways, By Region, 2015–2023 (USD Billion)
Table 71 ITS Market for Railways, By Region, 2015–2023 (USD Billion)
Table 72 ITS Market for Aviation, By Region, 2015–2023 (USD Billion)
Table 73 ITS Market for Maritime, By Region, 2015–2023 (USD Billion)
Table 74 ITS Market for Roadways in North America, By Country, 2015–2023 (USD Billion)
Table 75 ITS Market for Roadways in North America, By System, 2015–2023 (USD Billion)
Table 76 ITS Market for Roadways in Europe, By Country, 2015–2023 (USD Billion)
Table 77 ITS Market for Roadways in Europe, By System, 2015–2023 (USD Billion)
Table 78 ITS Market for Roadways in APAC, By Country, 2015–2023 (USD Billion)
Table 79 ITS Market for Roadways in APAC, By System, 2015–2023 (USD Billion)
Table 80 ITS Market for Roadways in RoW, By Country, 2015–2023 (USD Billion)
Table 81 ITS Market for Roadways in RoW, By System, 2015–2023 (USD Billion)
Table 82 ITS Market for Railways in North America, By Country, 2015–2023 (USD Billion)
Table 83 ITS Market for Railways in North America, By Solution, 2015–2023 (USD Million) 
Table 84 ITS Market for Railways in Europe, By Country, 2015–2023 (USD Billion)
Table 85 ITS Market for Railways in Europe, By Solution, 2015–2023 (USD Million)
Table 86 ITS Market for Railways in APAC, By Country, 2015–2023 (USD Billion)
Table 87 ITS Market for Railways in APAC, By Solution, 2015–2023 (USD Million)
Table 88 ITS Market for Railways in RoW, By Country, 2015–2023 (USD Billion)
Table 89 ITS Market for Railways in RoW, By Solution, 2015–2023 (USD Million)
Table 90 ITS Market for Aviation in North America, By Country, 2015–2023 (USD Billion)
Table 91 ITS Market for Aviation in North America, By System, 2015–2023 (USD Million)
Table 92 ITS Market for Aviation in Europe, By Country, 2015–2023 (USD Billion)
Table 93 ITS Market for Aviation in Europe, By System, 2015–2023 (USD Million)
Table 94 ITS Market for Aviation in APAC, By Country, 2015–2023 (USD Billion)
Table 95 ITS Market for Aviation in APAC, By System, 2015–2023 (USD Million)
Table 96 ITS Market for Aviation in RoW, By Country, 2015–2023 (USD Billion)
Table 97 ITS Market for Aviation in RoW, By System, 2015–2023 (USD Million)
Table 98 ITS Market for Maritime in North America, By Country, 2015–2023 (USD Billion)
Table 99 ITS Market for Maritime in North America, By System, 2015–2023 (USD Million)
Table 100 ITS Market for Maritime in Europe, By Country, 2015–2023 (USD Billion)
Table 101 ITS Market for Maritime in Europe, By System, 2015–2023 (USD Million)
Table 102 ITS Market for Maritime in APAC, By Country, 2015–2023 (USD Billion)
Table 103 ITS Market for Maritime in APAC, By System, 2015–2023 (USD Million)
Table 104 ITS Market for Maritime in RoW, By Country, 2015–2023 (USD Billion)
Table 105 ITS Market for Maritime in RoW, By System, 2015–2023 (USD Million)
Table 106 Market Ranking for Intelligent Transportation System (ITS) Market, 2017
Table 107 Product Developments and Launches, 2015–2017
Table 108 Partnerships, Contracts, Agreements, and Collaborations, 2017
Table 109 Acquisitions, 2016-2017


List of Figures (70 Figures)

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

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

Secondary Research

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

Primary Research

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

Intelligent Transportation System Market

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

Market Size Estimation

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

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

Data Triangulation

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

Study Objectives

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

Available Customizations

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

Regional Analysis

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

Company Information

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