Intelligent Transportation System Market

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Intelligent Transportation System Market by Offering (Hardware, Software), System (Advanced Traffic Management System, ITS-enabled Transportation Pricing System), Application (Roadways, Railways, Aviation, Marine) and Region - Global Forecast to 2028

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Report Code: SE 2415 Feb, 2023, by marketsandmarkets.com
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[321 Pages Report] The global intelligent transportation system market is projected to reach USD 67.2 billion by 2028 from an estimated USD 47.8 billion in 2023, at a CAGR of 7.1% from 2023 to 2028The growth of the market can be attributed to the growing focus on improving airline operations and increasing importance of environmental conservation.

Intelligent Transportation System Market

Intelligent Transportation System Market Forecast to 2028

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Intelligent Transportation System Ecosystem

Intelligent Transportation System Market by Ecosystem

Market Dynamics:

Driver: Increasing importance of environmental conservation

Aircraft engines emit various pollutants, of which carbon dioxide is the most dangerous greenhouse gas (GHG) that induces climate change. According to the European Aviation Environmental Report 2016, CO2 emissions have increased by ~80% between 1990 and 2014 and are estimated to grow by 45% between 2014 and 2035. Nitrogen oxide emissions doubled between 1990 and 2014 and are expected to increase by 43% between 2014 and 2035. ITS prevents the emission of harmful gases from aircrafts and helps reduce air pollution, hence delivering environmental benefits. In addition, Europe is investing heavily in modernizing the air traffic management system through the Single European Sky Air Traffic Management Research (SESAR) program. SESAR aims to transform European air traffic management into a more modular, automated, and flow-centric system that takes advantage of digital technologies.

Restraint: Lack of funding and synchronization among agencies

Raising funds for the deployment and maintenance of ITS across the aviation industry is a major concern as funding is also diverted for several other important infrastructure projects in aviation. Furthermore, agencies struggle to attract and retain staff with the skills necessary to manage and maintain the ITS system. Also, failure in coordination among agencies may diminish the effectiveness of ITS. In addition, to ensure the smooth functioning of deployed ITS in the airlines on a continual basis, airport authorities must identify funding agencies for the day-to-day operation and maintenance of the system.

Opportunity: Improving information and communication technologies

Maritime transport has become more efficient and safer in developed economies owing to the adoption of information and communication technology (ICT). However, ICT applications have high costs and customized infrastructure. In the internet era, digital mobile communications and big data analytics have created a new global potential for low-cost and more powerful ITS. Transport agencies deploy new and advanced tools, including cloud-based services, open data standards, and other smart applications to manage marine transportation assets and improve safety.

Challenge: Achieving interoperable and standard ITS architecture worldwide

The establishment of an ITS infrastructure involves the integration of various heterogeneous devices, which may create compatibility issues quite often. These heterogeneous devices must be synchronized according to the standards and specifications. However, a lack of universal standards in ITS infrastructure poses challenges; for instance, an electronic toll collection onboard unit does not have any display and performs only validation functions. Besides, it cannot receive or transmit any message; moreover, every country has different types of onboard unit (OBU) devices. The major problem in implementing ITS is integrating 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 the system’s efficiency.

Advanced traffic management systems segment to held largest share of the ITS market in 2022

In 2022, the advanced traffic management system segment held the largest share of the ITS market for the roadways application and is expected to continue the growth during the forecast period. The growth can be attributed to the increasing traffic congestion on roads across the world. In addition, the easy affordability of vehicles, due to favorable schemes and discounts offered by automobile manufacturers, is also resulting in traffic congestion. To address this concern, advanced traffic management systems will be adopted at a higher rate across the world.

Commercial vehicle operations (CVO) segment is expected to grow at the highest CAGR from 2023 to 2028

The commercial vehicle operations (CVO) segment is expected to grow at the highest CAGR from 2023 to 2028. The growth can be attributed to the global application of these systems in public and private buses, taxis, and trucks. In addition, these systems also provide support and repair services to vehicles as well as help vehicle owners track their vehicles. The systems are combined with monitoring and information systems that aid drivers in finding safe routes and calculating the total traveling time.

Asia Pacific is expected to register the highest growth in the ITS market during the forecast period

The intelligent transport systems industry in Asia Pacific is expected to grow at a significant rate as it is an ideal solution for various issues such as traffic congestion, air pollution, greenhouse gas emission, and road accidents in the region, which have arisen due to the growth in urban population.

Intelligent Transportation System Market by Region

Intelligent Transportation System Market by Region

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Breakdown of primary participants:

  • By Company Type: Tier 1 = 50%, Tier 2 = 30%, and Tier 3 = 20%
  • By Designation: C-Level Executives = 45%, Directors = 35%, and Others = 20%
  • By Region: North America = 30%, Europe = 40%, APAC = 20%, and RoW = 10%

Key Market Players

The intelligent transport systems companies such as new product launches, collaborations, contracts, partnerships, agreements, expansions, and acquisitions to strengthen their offerings in the market. Siemens AG (Germany); Hitachi, Ltd. (Japan); Cubic Corporation (US); Conduent Incorporate (US); Kapsch TrafficCom AG (Austria); Teledyne Technologies Incorporated (US); Denso Corporation (Japan); Indra Sistemas, S.A. (Spain); Garmin Ltd. (US); and TomTom International BV (Netherlands); are some of the key players in the Intelligent Transportation System Market.

The study includes an in-depth competitive analysis of these key players in the Intelligent Transportation System Market with their company profiles, recent developments, and key market strategies.

Scope of the Intelligent Transportation System Market Report 

Report Metric

Details

Projected Value USD 67.2 Billion by 2028
Estimated Value USD 47.8 Billion by 2023
Growth Rate 7.1%

 Market size available for years

2018-2028

  Base year considered

2022

  Forecast period

2023–2028

  Forecast units

Value (USD Million/USD Billion)

  Segments covered

By Offering, By System, By Application – Roadways, Railways, Aviation, Maritime; and Region

  Geographies covered

North America, Europe, APAC, and RoW

Companies covered

Siemens AG (Germany); Hitachi, Ltd. (Japan); Cubic Corporation (US); Conduent Incorporate (US); Kapsch TrafficCom AG (Austria); Teledyne Technologies Incorporated (US); Denso Corporation (Japan); Indra Sistemas, S.A. (Spain); Garmin Ltd. (US); and TomTom International BV (Netherlands)are some of the key players in the ITS market.
A total of 25 players are covered.

Intelligent Transportation System Market Highlights

Segment

Subsegment

Based on by Offering
  • Hardware
    • Interface Boards
      • Multifunctional boards
      • Vehicle detection boards
      • Communication boards
    • Sensors
      • Vehicle detection sensors
      • Pedestrian presence sensors
      • Speed sensors
    • Surveillance Cameras
      • Thermal cameras
      • AID cameras
    • Telecommunication Networks
      • Fiber optic cables
      • Copper lines
      • Wireless media
    • Monitoring and Detection Systems
      • Automatic number plate recognition systems
      • Intelligent traffic controllers
    • Others
  • Software
    • Visualization Software
    • Video Detection Management Software
    • Transit Management Software
    • Others
  • Services
    • Business and Cloud Services
    • Support and Maintenance Services

Based on System
  • Advanced Traffic Management Systems (ATMS)
  • Advanced Traveler Information Systems (ATIS)
  • ITS-enabled Transportation Pricing Systems (ITPS)
  • Advanced Public Transportation Systems (APTS)
  • Commercial Vehicle Operation (CVO) Systems

Based on Roadways Application 
  • Intelligent Traffic Control
    • Traffic Monitoring Systems
    • Traffic Signal Control Systems
    • Traffic Enforcement Cameras
    • Variable Traffic Message Signboards
  • Collision Avoidance
  • Parking Management
  • Passenger Information Management
  •  Ticketing Management
  • Emergency Vehicle Notification
  •  Automotive Telematics
  •  Fleet Management and Asset Monitoring

Based on Railways Application 
  • Rail-running Operation and Collision Avoidance
  •  Passenger Information Management
  •  Smart Ticketing
  •  Security & Surveillance
  •  Emergency Notification
  •  Others

Based on Aviation Application 
  • Security & Surveillance
  • Shuttle Bus Tracking
  • Traveler Information Management
  • Smart Ticketing
  • Aircraft Management
  • Emergency Notification
  • Others

Based on Maritime Application 
  • Freight Arrival & Transit
  • Real-time Weather Information Tracking
  • Container Movement Scheduling
  • Emergency Notification
  • Others

Based on Region
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Belgium
    • Denmark
    • Austria
    • Sweden
    • Rest of Europe
  • Aisa Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Aisa Pacific
  • Rest of the World
    • South America
    • Middle East
    • Africa

Recent Developments

  • In November 2022, Hitachi Rail Limited received a Framework Agreement contract from Ferroviaria Italiana (RFI) to design and deliver European Rail Transport Management System (ERTMS) digital signaling on 1,885 km of the Italian rail network.
  • In October 2022, Cubic Transportation Systems, Inc. received a five-year Traffic Scotland Systems Contract (TSSC) from Transport Scotland to provide support, maintenance, modernization, and development services to ensure maximum availability of the systems that deliver the Traffic Scotland Service.
  • In May 2022, Montgomery County, Maryland, renewed a 10-year contract with Conduent Transportation to provide automated speed and red-light camera systems designed to enforce traffic laws and make communities safer.
  • In August 2021, Teledyne FLIR, LLC part of Teledyne Technologies Incorporated, introduced the Neutrino SX8 mid-wavelength infrared (MWIR) camera module and four additional Neutrino IS Series models designed for integrated solutions requiring HD MWIR imagery with size, weight, power, and cost (SWaP+C) constraints for commercial, industrial, and defense original equipment manufacturers (OEMs) and system integrators.
  • In June 2021, TomTom International BV launched the TomTom GO Expert, the ultimate sat nav for professional truck, van, and bus drivers. With a 7-inch high-definition (HD) touchscreen display and a new processor, the GO Expert is 4x faster than previous Sat navs and packed with powerful features, including smart routing for large vehicles and accurate traffic information.

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 39)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.2.1 INCLUSIONS AND EXCLUSIONS 
    1.3 STUDY SCOPE 
           FIGURE 1 MARKET SEGMENTATION
    1.3.1 REGIONAL SCOPE 
    1.3.2 YEARS CONSIDERED 
    1.4 CURRENCY CONSIDERED 
    1.5 UNIT CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 44)
    2.1 RESEARCH DATA 
           FIGURE 2 Intelligent Transportation System Market: RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Secondary sources
                    2.1.2.2 List of key secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Primary interviews with experts
                    2.1.3.2 Breakdown of primary interviews
                    2.1.3.3 Key data from primary sources
                    2.1.3.4 Key industry insights
    2.2 FACTOR ANALYSIS 
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF ITS SOLUTIONS
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR SIEMENS AG IN MARKET
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE): DEMAND FOR ITS IN ROADWAYS APPLICATION
    2.3 MARKET SIZE ESTIMATION 
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach to obtain market size using bottom-up analysis (demand side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach to obtain market size using top-down analysis (supply side)
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
           2.3.3 MARKET GROWTH PROJECTIONS AND FORECAST ASSUMPTIONS
                    TABLE 1 MARKET GROWTH PROJECTIONS AND FORECAST ASSUMPTIONS
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION
    2.5 RESEARCH ASSUMPTIONS 
    2.6 RESEARCH LIMITATIONS 
    2.7 RESEARCH RISK ASSESSMENT 
           TABLE 2 RESEARCH RISK ASSESSMENT
 
3 EXECUTIVE SUMMARY (Page No. - 59)
    3.1 IMPACT OF RECESSION ON INTELLIGENT TRANSPORTATION SYSTEM MARKET 
           3.1.1 GLOBAL ECONOMY OUTLOOK
           3.1.2 PRE-RECESSION
           3.1.3 POST-RECESSION
                    FIGURE 9 GROWTH PROJECTION OF INTELLIGENT TRANSPORTATION SYSTEM MARKET IN PRE- AND POST-RECESSION SCENARIOS
                    FIGURE 10 COMMERCIAL VEHICLE OPERATIONS SEGMENT OF MARKET FOR ROADWAYS TO RECORD HIGHEST CAGR FROM 2023 TO 2028
                    FIGURE 11 TICKETING MANAGEMENT SEGMENT TO HAVE LARGEST SHARE OF MARKET FOR ROADWAYS APPLICATION IN 2023
                    FIGURE 12 SMART TICKETING SEGMENT TO RECORD HIGHEST CAGR IN MARKET FOR RAILWAYS APPLICATION DURING FORECAST PERIOD
                    FIGURE 13 AIRCRAFT MANAGEMENT SEGMENT TO CAPTURE LARGEST SHARE OF MARKET FOR AVIATION APPLICATION IN 2023
                    FIGURE 14 FREIGHT ARRIVAL & TRANSIT SEGMENT TO LEAD MARITIME APPLICATION OF MARKET IN 2028
                    FIGURE 15 ASIA PACIFIC TO BE FASTEST-GROWING MARKET FOR ROADWAYS APPLICATION DURING FORECAST PERIOD
 
4 PREMIUM INSIGHTS (Page No. - 65)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN INTELLIGENT TRANSPORTATION SYSTEM MARKET 
           FIGURE 16 DIGITAL AND INFRASTRUCTURAL DEVELOPMENTS IN ASIA PACIFIC TO CREATE GROWTH OPPORTUNITIES
    4.2 MARKET FOR ROADWAYS, BY OFFERING 
           FIGURE 17 HARDWARE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
    4.3 MARKET FOR ROADWAYS, BY SYSTEM 
           FIGURE 18 ADVANCED TRAFFIC MANAGEMENT SYSTEM TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.4 MARKET FOR ROADWAYS, BY REGION 
           FIGURE 19 NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD
    4.5 MARKET FOR ROADWAYS, BY COUNTRY 
           FIGURE 20 AUSTRALIA TO GROW AT HIGHEST CAGR FOR ROADWAYS APPLICATION DURING FORECAST PERIOD
    4.6 MARKET FOR ROADWAYS, BY APPLICATION 
           FIGURE 21 TICKETING MANAGEMENT TO HOLD LARGEST MARKET SHARE
    4.7 MARKET FOR RAILWAYS, BY APPLICATION 
           FIGURE 22 RAIL-RUNNING OPERATION & COLLISION AVOIDANCE TO LEAD MARKET FROM 2023 TO 2028
    4.8 MARKET FOR AVIATION, BY APPLICATION 
           FIGURE 23 AIRCRAFT MANAGEMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.9 MARKET FOR MARITIME, BY APPLICATION 
           FIGURE 24 SCHEDULING OF CONTAINER MOVEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
 
5 MARKET OVERVIEW (Page No. - 70)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS FOR ITS IN ROADWAYS 
           FIGURE 25 INTELLIGENT TRANSPORTATION SYSTEM MARKET : DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR ROADWAYS APPLICATION
           5.2.1 DRIVERS
                    5.2.1.1 Government efforts to ensure road and public safety
                               FIGURE 26 ROAD TRAFFIC DEATH RATES PER 100,000 POPULATION, 2019
                    5.2.1.2 Increased need to reduce traffic congestion
                    5.2.1.3 Favorable government initiatives for effective traffic management
                    5.2.1.4 High adoption of eco-friendly automobile technology
                    5.2.1.5 Rapid development of smart cities globally
                               FIGURE 27 INTELLIGENT TRANSPORTATION SYSTEM MARKET : DRIVERS AND IMPACT
           5.2.2 RESTRAINTS
                    5.2.2.1 High installation cost of ITS
                    5.2.2.2 Stagnation or sluggish growth in infrastructure sector
                               FIGURE 28 MARKET: RESTRAINTS AND IMPACT
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing focus of automobile companies on designing and developing smart vehicles compatible with ITS
                    5.2.3.2 Increasing public-private partnerships
                    5.2.3.3 Growing number of economically and technologically advanced countries
                               FIGURE 29 MARKET: OPPORTUNITIES AND IMPACT
           5.2.4 CHALLENGES
                    5.2.4.1 Achieving interoperable and standard ITS architecture worldwide
                               FIGURE 30 MARKET: CHALLENGE AND IMPACT
    5.3 MARKET DYNAMICS FOR ITS IN RAILWAYS 
           FIGURE 31 MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES FOR RAILWAYS APPLICATION
           5.3.1 DRIVERS
                    5.3.1.1 Increasing demand for security and surveillance
           5.3.2 RESTRAINTS
                    5.3.2.1 Slow development in railway infrastructure
           5.3.3 OPPORTUNITIES
                    5.3.3.1 Growing focus of OEMs on providing diverse services and solutions to improve railway infrastructure
    5.4 MARKET DYNAMICS FOR ITS IN AVIATION 
           FIGURE 32 MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES FOR AVIATION APPLICATION
           5.4.1 DRIVERS
                    5.4.1.1 Growing focus on improving airline operations
                    5.4.1.2 Increasing importance of environmental conservation
           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 to reduce CO2 emissions
    5.5 MARKET DYNAMICS FOR ITS IN MARITIME 
           FIGURE 33 MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES FOR MARITIME APPLICATION
           5.5.1 DRIVERS
                    5.5.1.1 Improving maritime logistics infrastructure
           5.5.2 RESTRAINTS
                    5.5.2.1 Poor coordination among OEMs and technology providers and presence of conflicting regulatory policies
           5.5.3 OPPORTUNITIES
                    5.5.3.1 Improving information and communication technologies
    5.6 VALUE CHAIN ANALYSIS 
           FIGURE 34 ITS VALUE CHAIN ANALYSIS
    5.7 ECOSYSTEM ANALYSIS 
           TABLE 3 MARKET: ECOSYSTEM ANALYSIS
    5.8 PRICING ANALYSIS 
           TABLE 4 AVERAGE SELLING PRICES OF ITS HARDWARE, BY TYPE
           FIGURE 35 AVERAGE SELLING PRICE TREND FOR SENSORS, 2018–2028 (USD)
           FIGURE 36 AVERAGE SELLING PRICE TREND FOR SURVEILLANCE CAMERAS, 2018–2028 (USD)
    5.9 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
    5.10 TECHNOLOGY ANALYSIS 
           5.10.1 ADOPTION OF IMAGE PROCESSING SOLUTIONS
           5.10.2 USE OF SMARTPHONES TO FACILITATE VIDEO-BASED TOLL COLLECTION
           5.10.3 INTRODUCTION OF C-ITS/V2X TECHNOLOGIES FOR WIRELESS DATA EXCHANGE
           5.10.4 IMPLEMENTATION OF AUTONOMOUS DRIVING TECHNOLOGY TO REDUCE ACCIDENTS
           5.10.5 CONNECTED CAR TECHNOLOGY FOR CAR-TO-CAR COMMUNICATION
    5.11 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 5 ITS MARKET: PORTER’S FIVE FORCES ANALYSIS
           FIGURE 37 PORTER’S FIVE FORCES ANALYSIS
           5.11.1 INTENSITY OF COMPETITIVE RIVALRY
           5.11.2 THREAT OF SUBSTITUTES
           5.11.3 BARGAINING POWER OF BUYERS
           5.11.4 BARGAINING POWER OF SUPPLIERS
           5.11.5 THREAT OF NEW ENTRANTS
    5.12 CASE STUDY ANALYSIS 
           5.12.1 CUBIC CORPORATION PROVIDED INTELLIGENT PASSENGER-ORIENTED DISPLAYS TO GOVIA THAMESLINK RAILWAY TO REDUCE TOUCHPOINTS AND IMPROVE PASSENGER EXPERIENCE
           5.12.2 FREEWI DE LIJN INTRODUCED “TAP & GO” TICKETING SYSTEM TO FLANDERS PUBLIC TRANSPORTATION TO REDUCE TRAFFIC CONGESTION
           5.12.3 SANTIAGO UTILIZED ELECTRONIC TOLLING TECHNOLOGY ON URBAN HIGHWAYS TO GENERATE SIGNIFICANT INFRASTRUCTURE REVENUE WITHOUT IMPEDING TRAFFIC FLOW
           5.12.4 CITY OF BENTONVILLE DEPLOYED MULTIMODAL DETECTION AND TRAFFIC DATA COLLECTION PROGRAM FOR SAFER AND MORE EFFICIENT STREETS
           5.12.5 CUBIC CORPORATION MODERNIZED NEW YORK TRANSPORTATION NETWORK WITH SINGLE FARE PAYMENT SYSTEM
    5.13 TRADE ANALYSIS 
           5.13.1 IMPORT SCENARIO
                     TABLE 6 IMPORT DATA, BY COUNTRY, 2017–2021 (USD BILLION)
                     FIGURE 38 TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS: IMPORT DATA FOR MAJOR COUNTRIES, 2017–2021
           5.13.2 EXPORT SCENARIO
                     TABLE 7 EXPORT DATA, BY COUNTRY, 2017–2021 (USD BILLION)
                     FIGURE 39 TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS: EXPORT DATA FOR MAJOR COUNTRIES, 2017–2021
    5.14 PATENT ANALYSIS 
           TABLE 8 KEY PATENTS IN INTELLIGENT TRANSPORTATION SYSTEM MARKET , 2008-2021
           FIGURE 40 PATENTS GRANTED WORLDWIDE, 2012–2022
           TABLE 9 TOP 20 PATENT OWNERS IN US, 2012–2022
           FIGURE 41 TOP 10 PATENT APPLICANTS, 2012–2022
    5.15 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 10 ITS MARKET: KEY CONFERENCES AND EVENTS
    5.16 TARIFF ANALYSIS 
    5.17 STANDARDS AND REGULATORY LANDSCAPE 
           5.17.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    5.17.1.1 North America
                    5.17.1.2 Europe
           5.17.2 STANDARDS
 
6 PROTOCOLS FOR INTELLIGENT TRANSPORTATION SYSTEMS (Page No. - 106)
    6.1 INTRODUCTION 
    6.2 SHORT RANGE 
           6.2.1 WAVE (IEEE 802.11)
           6.2.2 WPAN (IEEE 802.15)
    6.3 LONG RANGE 
           6.3.1 WIMAX (IEEE 802.11)
           6.3.2 OFDM
    6.4 IEEE 1512 
    6.5 TRAFFIC MANAGEMENT DATA DICTIONARY (TMDD) 
    6.6 OTHERS 
 
7 INTELLIGENT TRANSPORTATION SYSTEM MARKET FOR ROADWAYS, BY OFFERING (Page No. - 109)
    7.1 INTRODUCTION 
           FIGURE 42 MARKET FOR ROADWAYS: BY OFFERING
           TABLE 11 MARKET FOR ROADWAYS, BY OFFERING, 2018–2022 (USD MILLION)
           FIGURE 43 SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD
           TABLE 12 MARKET FOR ROADWAYS, BY OFFERING, 2023–2028 (USD MILLION)
    7.2 HARDWARE 
           FIGURE 44 ITS MARKET: HARDWARE OFFERINGS
           TABLE 13 ROADWAYS: MARKET FOR HARDWARE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 14 ROADWAYS: MARKET FOR HARDWARE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)
           7.2.1 INTERFACE BOARD
                    7.2.1.1 Multifunctional board
                               7.2.1.1.1 Serves as interface between various ITS components
                    7.2.1.2 Vehicle detection board
                               7.2.1.2.1 Provides real-time information to traffic control servers
                    7.2.1.3 Communication board
                               7.2.1.3.1 To grow at highest CAGR during forecast period
                                            TABLE 15 ROADWAYS: MARKET FOR INTERFACE BOARD, BY TYPE, 2018–2022 (USD MILLION)
                                            TABLE 16 ROADWAYS: MARKET FOR INTERFACE BOARD, BY TYPE, 2023–2028 (USD MILLION)
           7.2.2 SENSOR
                    7.2.2.1 Vehicle detection sensor
                               7.2.2.1.1 Helps adjust signal time based on vehicle presence
                    7.2.2.2 Pedestrian presence sensor
                               7.2.2.2.1 Helps improve pedestrian safety in urban areas
                    7.2.2.3 Speed sensor
                               7.2.2.3.1 Reduces vehicle speed during hazardous weather conditions
                                            TABLE 17 ROADWAYS: INTELLIGENT TRANSPORTATION SYSTEM MARKET  FOR SENSOR, BY TYPE, 2018–2022 (USD MILLION)
                                            TABLE 18 ROADWAYS: MARKET FOR SENSOR, BY TYPE, 2023–2028 (USD MILLION)
                                            TABLE 19 ROADWAYS: MARKET FOR SENSOR, BY TYPE, 2018–2022 (MILLION UNIT)
                                            TABLE 20 ROADWAYS: MARKET FOR SENSOR, BY TYPE, 2023–2028 (MILLION UNIT)
           7.2.3 SURVEILLANCE CAMERA
                    7.2.3.1 Thermal camera
                               7.2.3.1.1 Integrated with automobiles and traffic monitoring systems
                    7.2.3.2 AID camera
                               7.2.3.2.1 Designed to detect and capture incidents automatically
                                            TABLE 21 ROADWAYS: INTELLIGENT TRANSPORTATION SYSTEM MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2018–2022 (USD MILLION)
                                            TABLE 22 ROADWAYS: MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2023–2028 (USD MILLION)
                                            TABLE 23 ROADWAYS: MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2018–2022 (MILLION UNIT)
                                            TABLE 24 ROADWAYS: MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2023–2028 (MILLION UNIT)
           7.2.4 TELECOMMUNICATION NETWORK
                    7.2.4.1 Fiber optic cable
                               7.2.4.1.1 Provides high bandwidth, long-distance transmission, and good signal immunity
                    7.2.4.2 Copper line
                               7.2.4.2.1 Used to connect traffic signal transmission devices and video cameras with traffic management centers
                    7.2.4.3 Wireless media
                               7.2.4.3.1 ZigBee, Wi-Fi, and Bluetooth widely used for short-range wireless applications
                                            TABLE 25 ROADWAYS: MARKET FOR TELECOMMUNICATION NETWORK, BY TYPE, 2018–2022 (USD MILLION)
                                            TABLE 26 ROADWAYS: MARKET FOR TELECOMMUNICATION NETWORK, BY TYPE, 2023–2028 (USD MILLION)
           7.2.5 MONITORING AND DETECTION SYSTEM
                    7.2.5.1 Automatic number plate recognition system
                               7.2.5.1.1 Holds larger market share than intelligent traffic controller
                    7.2.5.2 Intelligent traffic controller
                               7.2.5.2.1 Can assess dynamic changes in traffic flow
                                            TABLE 27 ROADWAYS: MARKET FOR MONITORING AND DETECTION SYSTEM, BY TYPE, 2018–2022 (USD MILLION)
                                            TABLE 28 ROADWAYS: MARKET FOR MONITORING AND DETECTION SYSTEM, BY TYPE, 2023–2028 (USD MILLION)
           7.2.6 OTHERS
                    7.2.6.1 Linked traffic controller
                    7.2.6.2 Variable message signboard
                               TABLE 29 ROADWAYS: MARKET FOR OTHER HARDWARE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)
                               TABLE 30 ROADWAYS: ITS MARKET FOR OTHER HARDWARE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)
    7.3 SOFTWARE 
           FIGURE 45 INTELLIGENT TRANSPORTATION SYSTEM MARKET SOFTWARE OFFERINGS
           TABLE 31 ROADWAYS: ITS MARKET FOR SOFTWARE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 32 ROADWAYS: ITS MARKET FOR SOFTWARE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)
           7.3.1 VISUALIZATION SOFTWARE
                    7.3.1.1 Widely used in managing traffic control systems
           7.3.2 VIDEO DETECTION MANAGEMENT SOFTWARE
                    7.3.2.1 Graphical user interface for real-time recording and monitoring of events
           7.3.3 TRANSIT MANAGEMENT SOFTWARE
                    7.3.3.1 To record highest CAGR during forecast period
           7.3.4 OTHERS
    7.4 SERVICES 
           FIGURE 46 INTELLIGENT TRANSPORTATION SYSTEM MARKET  SERVICE OFFERINGS
           TABLE 33 ROADWAYS: MARKET FOR SERVICE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)
           TABLE 34 ROADWAYS: MARKET FOR SERVICE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)
           7.4.1 BUSINESS & CLOUD SERVICE
                    7.4.1.1 Holds larger market share than support and maintenance service
           7.4.2 SUPPORT & MAINTENANCE SERVICE
                    7.4.2.1 Required for both hardware devices and software
 
8 ITS MARKET FOR ROADWAYS, BY SYSTEM (Page No. - 126)
    8.1 INTRODUCTION 
           FIGURE 47 INTELLIGENT TRANSPORTATION SYSTEM MARKET FOR ROADWAYS: BY SYSTEM
           TABLE 35 ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
           FIGURE 48 ADVANCED TRAFFIC MANAGEMENT SYSTEM TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD
           TABLE 36 INTELLIGENT TRANSPORTATION SYSTEM MARKET  FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
    8.2 ADVANCED TRAFFIC MANAGEMENT SYSTEM (ATMS) 
           8.2.1 HOLDS LARGEST SHARE IN INTELLIGENT TRANSPORTATION SYSTEM MARKET 
                   TABLE 37 ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 38 ROADWAYS: MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 39 ROADWAYS: MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 40 ROADWAYS: MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY REGION, 2023–2028 (USD MILLION)
    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 Vital for connected vehicles
                               TABLE 41 ROADWAYS: MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)
                               TABLE 42 ROADWAYS: MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)
                               TABLE 43 ROADWAYS: MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY REGION, 2018–2022 (USD MILLION)
                               FIGURE 49 NORTH AMERICA TO HOLD LARGEST SHARE OF ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEMS BETWEEN 2023 AND 2028
                               TABLE 44 ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY REGION, 2023–2028 (USD MILLION)
    8.4 ITS-ENABLED TRANSPORTATION PRICING SYSTEM (ITPS) 
           8.4.1 TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
                    TABLE 45 ROADWAYS: MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 46 ROADWAYS: MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 47 ROADWAYS: MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 48 ROADWAYS: MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY REGION, 2023–2028 (USD MILLION)
    8.5 ADVANCED PUBLIC TRANSPORTATION SYSTEM (APTS) 
           8.5.1 ALLOWS PASSENGERS TO ACCESS REAL-TIME INFORMATION ON ARRIVAL AND DEPARTURE OF BUSES
                    TABLE 49 ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 50 ROADWAYS: MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 51 ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 52 ROADWAYS: MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY REGION, 2023–2028 (USD MILLION)
    8.6 COMMERCIAL VEHICLE OPERATIONS (CVO) SYSTEM 
           8.6.1 TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 53 ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)
                    TABLE 54 ROADWAYS: MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)
                    TABLE 55 ROADWAYS: MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 56 ROADWAYS: MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY REGION, 2023–2028 (USD MILLION)
 
9 INTELLIGENT TRANSPORTATION SYSTEM MARKET FOR ROADWAYS, BY APPLICATION (Page No. - 138)
    9.1 INTRODUCTION 
           FIGURE 50 MARKET FOR ROADWAYS: BY APPLICATION
           TABLE 57 MARKET FOR ROADWAYS, BY APPLICATION, 2018–2022 (USD MILLION)
           FIGURE 51 INTELLIGENT TRAFFIC CONTROL APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2022
           TABLE 58 MARKET FOR ROADWAYS, BY APPLICATION, 2023–2028 (USD MILLION)
    9.2 FLEET MANAGEMENT AND ASSET MONITORING 
           9.2.1 MINIMIZES RISKS ASSOCIATED WITH VEHICLE INVESTMENT
                    TABLE 59 ROADWAYS: MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)
                    TABLE 60 ROADWAYS: MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)
                    TABLE 61 ROADWAYS: MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 62 ROADWAYS: MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY REGION, 2023–2028 (USD MILLION)
    9.3 INTELLIGENT TRAFFIC CONTROL 
           FIGURE 52 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL, BY SUB-TYPE
           TABLE 63 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY SUB-TYPE, 2018–2022 (USD MILLION)
           TABLE 64 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY SUB-TYPE, 2023–2028 (USD MILLION)
           9.3.1 TRAFFIC MONITORING SYSTEM
                    9.3.1.1 Helps monitor real-time traffic conditions
           9.3.2 TRAFFIC SIGNAL CONTROL SYSTEM
                    9.3.2.1 Effective way to address traffic congestion issues in urban areas
           9.3.3 TRAFFIC ENFORCEMENT CAMERA
                    9.3.3.1 Helps detect traffic violations and security threats
           9.3.4 VARIABLE TRAFFIC MESSAGE SIGNBOARD
                    9.3.4.1 Provides critical information about road and traffic conditions
                               TABLE 65 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                               TABLE 66 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
                               TABLE 67 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                               TABLE 68 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY REGION, 2023–2028 (USD MILLION)
    9.4 COLLISION AVOIDANCE 
           9.4.1 OFFERS ELECTRONIC STABILITY CONTROL TECHNOLOGY TO AVOID SINGLE-VEHICLE OR ROLL-OVER CRASHES
                    TABLE 69 COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                    TABLE 70 COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
                    TABLE 71 ROADWAYS: ITS MARKET FOR COLLISION AVOIDANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                    FIGURE 53 ASIA PACIFIC TO RECORD HIGHEST CAGR IN ITS MARKET FOR COLLISION AVOIDANCE APPLICATION BETWEEN 2023 AND 2028
                    TABLE 72 ROADWAYS: ITS MARKET FOR COLLISION AVOIDANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
    9.5 PARKING MANAGEMENT 
           9.5.1 FOR EFFICIENT MONITORING OF PARKING FACILITIES
                    TABLE 73 ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)
                    TABLE 74 ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)
                    TABLE 75 ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 76 ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)
    9.6 PASSENGER INFORMATION MANAGEMENT 
           9.6.1 PROVIDES REAL-TIME DATA ON PASSENGERS BOARDING AND LEAVING AT EVERY STOP
                    TABLE 77 ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)
                    TABLE 78 ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)
                    TABLE 79 ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 80 ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)
    9.7 TICKETING MANAGEMENT 
           9.7.1 HELPS TRANSPORTATION HUBS OPTIMIZE THEIR STAFFING ALLOCATION WHEN TICKET VOLUMES ARE HIGH
                    TABLE 81 ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)
                    TABLE 82 ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)
                    TABLE 83 ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                    FIGURE 54 NORTH AMERICA TO HOLD LARGEST SHARE OF ITS MARKET FOR TICKETING APPLICATION IN 2023
                    TABLE 84 ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)
    9.8 EMERGENCY VEHICLE NOTIFICATION 
           9.8.1 NOTIFIES TRAFFIC ABOUT ARRIVAL OF EMERGENCY VEHICLES
                    TABLE 85 ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)
                    TABLE 86 ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)
                    TABLE 87 ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 88 ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)
    9.9 AUTOMOTIVE TELEMATICS 
           9.9.1 TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 89 ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)
                    TABLE 90 ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)
                    TABLE 91 ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                    TABLE 92 ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY REGION, 2023–2028 (USD MILLION)
 
10 ITS MARKET FOR RAILWAYS, BY APPLICATION (Page No. - 157)
     10.1 INTRODUCTION 
           FIGURE 55 ITS MARKET FOR RAILWAYS, BY APPLICATION
           TABLE 93 ITS MARKET FOR RAILWAYS, BY APPLICATION, 2018–2022 (USD MILLION)
           FIGURE 56 SMART TICKETING APPLICATION IN ITS MARKET FOR RAILWAYS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
           TABLE 94 ITS MARKET FOR RAILWAYS, BY APPLICATION, 2023–2028 (USD MILLION)
     10.2 RAIL-RUNNING OPERATION & COLLISION AVOIDANCE 
             10.2.1 TO CAPTURE LARGEST SHARE OF ITS MARKET FOR RAILWAYS
                        TABLE 95 RAILWAYS: ITS MARKET FOR RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 96 RAILWAYS: ITS MARKET FOR RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     10.3 PASSENGER INFORMATION MANAGEMENT 
             10.3.1 PROVIDES PRE-TRIP AND REAL-TIME INFORMATION TO PASSENGERS
                        TABLE 97 RAILWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 98 RAILWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     10.4 SMART TICKETING 
             10.4.1 TO EXHIBIT HIGHEST CAGR IN ITS MARKET FOR RAILWAYS
                        TABLE 99 RAILWAYS: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        FIGURE 57 SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR IN ASIA PACIFIC ITS MARKET FOR RAILWAYS BETWEEN 2023 AND 2028
                        TABLE 100 RAILWAYS: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     10.5 SECURITY & SURVEILLANCE 
             10.5.1 VULNERABILITY TO SECURITY THREATS FACILITATES USE OF SECURITY AND SURVEILLANCE SYSTEMS AT RAILWAY STATIONS
                        TABLE 101 RAILWAYS: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 102 RAILWAYS: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     10.6 EMERGENCY NOTIFICATION 
             10.6.1 REDUCES PROBABILITY OF RAILWAY ACCIDENTS
                        TABLE 103 RAILWAYS: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 104 RAILWAYS: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     10.7 OTHERS 
           TABLE 105 RAILWAYS: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)
           TABLE 106 RAILWAYS: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)
 
11 INTELLIGENT TRANSPORTATION SYSTEM MARKET FOR AVIATION, BY APPLICATION (Page No. - 167)
     11.1 INTRODUCTION 
           FIGURE 58 MARKET FOR AVIATION: BY APPLICATION
           TABLE 107 MARKET FOR AVIATION, BY APPLICATION, 2018–2022 (USD MILLION)
           FIGURE 59 SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR IN ITS MARKET FOR AVIATION DURING FORECAST PERIOD
           TABLE 108 MARKET FOR AVIATION, BY APPLICATION, 2023–2028 (USD MILLION)
     11.2 SECURITY & SURVEILLANCE 
             11.2.1 HELPS AVOID UNETHICAL AND UNLAWFUL ACTIVITIES
                        TABLE 109 AVIATION: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 110 AVIATION: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     11.3 SHUTTLE BUS TRACKING 
             11.3.1 DEPLOYED TO OFFER REAL-TIME BUS INFORMATION AND CONTROL RUN TIME AND HEADWAY DELAY
                        TABLE 111 AVIATION: ITS MARKET FOR SHUTTLE BUS TRACKING APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 112 AVIATION: ITS MARKET FOR SHUTTLE BUS TRACKING APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     11.4 TRAVELER INFORMATION MANAGEMENT 
             11.4.1 DEPLOYED TO DISPLAY TRANSPORTATION SERVICES AND PROVIDE INFORMATION ON TRAFFIC CONDITIONS AND FLIGHT STATUS
                        TABLE 113 AVIATION: ITS MARKET FOR TRAVELER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 114 AVIATION: ITS MARKET FOR TRAVELER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     11.5 SMART TICKETING 
             11.5.1 TO EXHIBIT HIGHEST CAGR IN ITS MARKET
                        TABLE 115 AVIATION: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2018–2022 (USD MILLION)
           FIGURE 60 ASIA PACIFIC TO RECORD HIGHEST CAGR IN ITS MARKET FOR AVIATION BETWEEN 2023 AND 2028
                        TABLE 116 AVIATION: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     11.6 AIRCRAFT MANAGEMENT 
             11.6.1 HOLDS LARGEST SHARE OF ITS MARKET
                        TABLE 117 AVIATION: ITS MARKET FOR AIRCRAFT MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 118 AVIATION: ITS MARKET FOR AIRCRAFT MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     11.7 EMERGENCY NOTIFICATION 
             11.7.1 HELPS AIRPORT AUTHORITIES IDENTIFY AND RESPOND QUICKLY TO EMERGENCY SITUATIONS
                        TABLE 119 AVIATION: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 120 AVIATION: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     11.8 OTHERS 
           TABLE 121 AVIATION: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)
           FIGURE 61 NORTH AMERICA TO HOLD LARGEST SHARE OF ITS MARKET FOR OTHER APPLICATIONS
           TABLE 122 AVIATION: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)
 
12 INTELLIGENT TRANSPORTATION SYSTEM MARKET IN MARITIME, BY APPLICATION (Page No. - 179)
     12.1 INTRODUCTION 
           FIGURE 62 MARKET FOR MARITIME: BY APPLICATION
           TABLE 123 MARKET FOR MARITIME, BY APPLICATION, 2018–2022 (USD MILLION)
           FIGURE 63 FREIGHT ARRIVAL & TRANSIT APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR MARITIME DURING FORECAST PERIOD
           TABLE 124 MARKET FOR MARITIME, BY APPLICATION, 2023–2028 (USD MILLION)
     12.2 FREIGHT ARRIVAL & TRANSIT 
             12.2.1 TO HOLD LARGEST SHARE OF ITS MARKET
                        TABLE 125 MARITIME: ITS MARKET FOR FREIGHT ARRIVAL & TRANSIT APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 126 MARITIME: ITS MARKET FOR FREIGHT ARRIVAL & TRANSIT APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     12.3 REAL-TIME WEATHER INFORMATION TRACKING 
             12.3.1 HOLDS MINOR SHARE OF ITS MARKET
                        TABLE 127 MARITIME: ITS MARKET FOR REAL-TIME WEATHER INFORMATION TRACKING APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 128 MARITIME: ITS MARKET FOR REAL-TIME WEATHER INFORMATION TRACKING APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     12.4 CONTAINER MOVEMENT SCHEDULING 
             12.4.1 TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
                        TABLE 129 MARITIME: ITS MARKET FOR CONTAINER MOVEMENT SCHEDULING APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 130 MARITIME: ITS MARKET FOR CONTAINER MOVEMENT SCHEDULING APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     12.5 EMERGENCY NOTIFICATION 
             12.5.1 PLAYS VITAL ROLE IN MONITORING AND REDUCING CHANCES OF MARINE ACCIDENTS
                        TABLE 131 MARITIME: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)
                        TABLE 132 MARITIME: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)
     12.6 OTHERS 
           TABLE 133 MARITIME: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)
           TABLE 134 MARITIME: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)
 
13 INTELLIGENT TRANSPORTATION SYSTEM MARKET , BY REGION (Page No. - 187)
     13.1 INTRODUCTION 
             FIGURE 64 REGIONAL SPLIT OF ITS MARKET
             FIGURE 65 ASIA PACIFIC TO RECORD HIGHEST CAGR IN ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD
             TABLE 135 MARKET FOR ROADWAYS, BY REGION, 2018–2022 (USD MILLION)
             TABLE 136 MARKET FOR ROADWAYS, BY REGION, 2023–2028 (USD MILLION)
             TABLE 137 MARKET FOR RAILWAYS, BY REGION, 2018–2022 (USD MILLION)
             TABLE 138 MARKET FOR RAILWAYS, BY REGION, 2023–2028 (USD MILLION)
             TABLE 139 MARKET FOR AVIATION, BY REGION, 2018–2022 (USD MILLION)
             TABLE 140 MARKET FOR AVIATION, BY REGION, 2023–2028 (USD MILLION)
             TABLE 141 MARKET FOR MARITIME, BY REGION, 2018–2022 (USD MILLION)
             TABLE 142 MARKET FOR MARITIME, BY REGION, 2023–2028 (USD MILLION)
     13.2 NORTH AMERICA 
             FIGURE 66 NORTH AMERICA: INTELLIGENT TRANSPORTATION SYSTEM MARKET SNAPSHOT
             TABLE 143 NORTH AMERICA: ITS MARKET FOR ROADWAYS, BY COUNTRY, 2018–2022 (USD MILLION)
             TABLE 144 NORTH AMERICA: ITS MARKET FOR ROADWAYS, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 145 NORTH AMERICA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
             FIGURE 67 ADVANCED TRAFFIC MANAGEMENT SYSTEM SEGMENT TO HOLD LARGEST SHARE OF NORTH AMERICAN ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD
             TABLE 146 NORTH AMERICA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             TABLE 147 NORTH AMERICA: ITS MARKET FOR ROADWAYS, BY APPLICATION, 2018–2022 (USD MILLION)
             TABLE 148 NORTH AMERICA: ITS MARKET FOR ROADWAYS, BY APPLICATION, 2023–2028 (USD MILLION)
             13.2.1 US
                        13.2.1.1 To be major market for ITS in region
                                     TABLE 149 US: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 150 US: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.2.2 CANADA
                        13.2.2.1 To hold second-largest share in North American ITS market
                                     TABLE 151 CANADA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 152 CANADA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.2.3 MEXICO
                        13.2.3.1 To witness significant growth in regional market
                                     TABLE 153 MEXICO: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 154 MEXICO: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
     13.3 EUROPE 
             FIGURE 68 EUROPE: ITS MARKET SNAPSHOT
             TABLE 155 EUROPE: ITS MARKET FOR ROADWAYS, BY COUNTRY, 2018–2022 (USD MILLION)
             TABLE 156 EUROPE: ITS MARKET FOR ROADWAYS, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 157 EUROPE: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
             TABLE 158 EUROPE: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             TABLE 159 EUROPE: ITS MARKET FOR ROADWAYS, BY APPLICATION, 2018–2022 (USD MILLION)
             FIGURE 69 INTELLIGENT TRAFFIC CONTROL APPLICATION OF ROADWAYS SEGMENT TO HOLD LARGEST SHARE OF EUROPEAN ITS MARKET IN 2023
             TABLE 160 EUROPE: ITS MARKET FOR ROADWAYS, BY APPLICATION, 2023–2028 (USD MILLION)
             13.3.1 UK
                        13.3.1.1 To hold largest share of European ITS market
                                     TABLE 161 UK: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 162 UK: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.3.2 GERMANY
                        13.3.2.1 To hold second position in European ITS market
                                     TABLE 163 GERMANY: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 164 GERMANY: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.3.3 FRANCE
                        13.3.3.1 ITS to play vital role in French Transport Policy
                                     TABLE 165 FRANCE: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 166 FRANCE: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.3.4 ITALY
                        13.3.4.1 To hold significant share of European ITS market
                                     TABLE 167 ITALY: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 168 ITALY: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.3.5 SPAIN
                        13.3.5.1 High traffic density to fuel demand for intelligent transportation systems
                                     TABLE 169 SPAIN: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 170 SPAIN: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.3.6 BELGIUM
                        13.3.6.1 Developments in transportation sector to drive market
                                     TABLE 171 BELGIUM: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 172 BELGIUM: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.3.7 DENMARK
                        13.3.7.1 Technological advancements to drive market
                                     TABLE 173 DENMARK: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 174 DENMARK: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.3.8 AUSTRIA
                        13.3.8.1 Well-established transportation sector to boost market
                                     TABLE 175 AUSTRIA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 176 AUSTRIA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.3.9 SWEDEN
                        13.3.9.1 Growing use of public transit systems to increase deployment of ITS
                                     TABLE 177 SWEDEN: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 178 SWEDEN: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.3.10 REST OF EUROPE
                         TABLE 179 REST OF EUROPE: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                         TABLE 180 REST OF EUROPE: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
     13.4 ASIA PACIFIC 
             FIGURE 70 ASIA PACIFIC: ITS MARKET SNAPSHOT
             TABLE 181 ASIA PACIFIC: ITS MARKET FOR ROADWAYS, BY COUNTRY, 2018–2022 (USD MILLION)
             TABLE 182 ASIA PACIFIC: ITS MARKET FOR ROADWAYS, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 183 ASIA PACIFIC: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
             FIGURE 71 ADVANCED TRAFFIC MANAGEMENT SYSTEM SEGMENT TO HOLD LARGEST SHARE OF ASIA PACIFIC ITS MARKET FOR ROADWAYS
             TABLE 184 ASIA PACIFIC: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             TABLE 185 ASIA PACIFIC: ITS MARKET FOR ROADWAYS, BY APPLICATION, 2018–2022 (USD MILLION)
             TABLE 186 ASIA PACIFIC: ITS MARKET FOR ROADWAYS, BY APPLICATION, 2023–2028 (USD MILLION)
             13.4.1 CHINA
                        13.4.1.1 To be major market for ITS in Asia Pacific
                                     TABLE 187 CHINA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 188 CHINA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.4.2 JAPAN
                        13.4.2.1 To hold important position in Asia Pacific market
                                     TABLE 189 JAPAN: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 190 JAPAN: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.4.3 SOUTH KOREA
                        13.4.3.1 To be significant contributor to regional market
                                     TABLE 191 SOUTH KOREA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 192 SOUTH KOREA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.4.4 INDIA
                        13.4.4.1 Increasing investments in transportation sector to drive market
                                     TABLE 193 INDIA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 194 INDIA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.4.5 AUSTRALIA
                        13.4.5.1 To register highest CAGR in regional ITS market
                                     TABLE 195 AUSTRALIA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 196 AUSTRALIA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.4.6 REST OF ASIA PACIFIC
                        TABLE 197 REST OF ASIA PACIFIC: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                        TABLE 198 REST OF ASIA PACIFIC: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
     13.5 REST OF THE WORLD (ROW) 
             TABLE 199 ROW: ITS MARKET FOR ROADWAYS, BY REGION, 2018–2022 (USD MILLION)
             TABLE 200 ROW: ITS MARKET FOR ROADWAYS, BY REGION, 2023–2028 (USD MILLION)
             TABLE 201 ROW: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
             TABLE 202 ROW: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             TABLE 203 ROW: ITS MARKET FOR ROADWAYS, BY APPLICATION, 2018–2022 (USD MILLION)
             TABLE 204 ROW: ITS MARKET FOR ROADWAYS, BY APPLICATION, 2023–2028 (USD MILLION)
             13.5.1 MIDDLE EAST
                        13.5.1.1 To record significant growth during forecast period
                                     TABLE 205 MIDDLE EAST: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 206 MIDDLE EAST: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.5.2 AFRICA
                        13.5.2.1 Traffic congestion and increasing pollution to fuel demand for ITS
                                     TABLE 207 AFRICA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 208 AFRICA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
             13.5.3 SOUTH AMERICA
                        13.5.3.1 To be dominant market for ITS in RoW
                                     TABLE 209 SOUTH AMERICA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)
                                     TABLE 210 SOUTH AMERICA: ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)
 
14 COMPETITIVE LANDSCAPE (Page No. - 227)
     14.1 OVERVIEW 
     14.2 MARKET EVALUATION FRAMEWORK 
             TABLE 211 REVIEW OF STRATEGIES ADOPTED BY KEY ITS MANUFACTURERS
             14.2.1 PRODUCT PORTFOLIO
             14.2.2 REGIONAL FOCUS
             14.2.3 MANUFACTURING FOOTPRINT
             14.2.4 ORGANIC/INORGANIC STRATEGIES
     14.3 MARKET SHARE ANALYSIS, 2022 
             FIGURE 72 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS IN ITS MARKET, 2022
             TABLE 212 MARKET SHARE ANALYSIS OF TOP 5 COMPANIES (2022)
     14.4 REVENUE ANALYSIS: TOP 5 COMPANIES (2018–2022) 
             FIGURE 73 5-YEAR REVENUE ANALYSIS OF TOP 5 PLAYERS IN ITS MARKET, 2018–2022
     14.5 COMPANY EVALUATION QUADRANT 
             14.5.1 STARS
             14.5.2 EMERGING LEADERS
             14.5.3 PERVASIVE PLAYERS
             14.5.4 PARTICIPANTS
                        FIGURE 74 COMPANY EVALUATION QUADRANT, 2022
     14.6 START-UP/SME EVALUATION QUADRANT, 2022 
             14.6.1 COMPETITIVE BENCHMARKING
                        TABLE 213 ITS MARKET: DETAILED LIST OF KEY START-UPS/SME PLAYERS
                        TABLE 214 ITS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (START-UPS/SMES)
             14.6.2 PROGRESSIVE COMPANIES
             14.6.3 RESPONSIVE COMPANIES
             14.6.4 DYNAMIC COMPANIES
             14.6.5 STARTING BLOCKS
                        FIGURE 75 START-UP/SME EVALUATION QUADRANT, 2022
     14.7 COMPANY FOOTPRINT 
             TABLE 215 COMPANY OFFERING FOOTPRINT
             TABLE 216 COMPANY APPLICATION FOOTPRINT
             TABLE 217 COMPANY REGION FOOTPRINT
             TABLE 218 COMPANY OVERALL FOOTPRINT
     14.8 COMPETITIVE SCENARIO AND TRENDS 
             14.8.1 PRODUCT LAUNCHES
                        TABLE 219 PRODUCT LAUNCHES, 2020–2022
             14.8.2 DEALS
                        TABLE 220 DEALS, 2020–2022
             14.8.3 OTHERS
                        TABLE 221 OTHERS, 2020–2022
 
15 COMPANY PROFILES (Page No. - 245)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
     15.1 KEY PLAYERS 
             15.1.1 SIEMENS AG
                        TABLE 222 SIEMENS AG: COMPANY OVERVIEW
                        FIGURE 76 SIEMENS AG: COMPANY SNAPSHOT
                        TABLE 223 SIEMENS AG: DEALS
             15.1.2 HITACHI, LTD.
                        TABLE 224 HITACHI, LTD.: COMPANY OVERVIEW
                        FIGURE 77 HITACHI, LTD.: COMPANY SNAPSHOT
                        TABLE 225 HITACHI, LTD.: DEALS
             15.1.3 CUBIC CORPORATION
                        TABLE 226 CUBIC CORPORATION: COMPANY OVERVIEW
                        TABLE 227 CUBIC CORPORATION: PRODUCT LAUNCHES
                        TABLE 228 CUBIC CORPORATION: DEALS
                        TABLE 229 CUBIC CORPORATION: OTHERS
             15.1.4 CONDUENT INCORPORATED
                        TABLE 230 CONDUENT INCORPORATED: COMPANY OVERVIEW
                        FIGURE 78 CONDUENT INCORPORATED: COMPANY SNAPSHOT
                        TABLE 231 CONDUENT INCORPORATED: DEALS
             15.1.5 KAPSCH TRAFFICCOM AG
                        TABLE 232 KAPSCH TRAFFICCOM AG: COMPANY OVERVIEW
                        FIGURE 79 KAPSCH TRAFFICCOM AG: COMPANY SNAPSHOT
                        TABLE 233 KAPSCH TRAFFICCOM AG: DEALS
             15.1.6 TELEDYNE TECHNOLOGIES INCORPORATED (TELEDYNE FLIR LLC)
                        TABLE 234 TELEDYNE TECHNOLOGIES INCORPORATED (TELEDYNE FLIR LLC): COMPANY OVERVIEW
                        FIGURE 80 TELEDYNE TECHNOLOGIES INCORPORATED: COMPANY SNAPSHOT
                        15.1.6.1 Recent developments
                                     TABLE 235 TELEDYNE TECHNOLOGIES INCORPORATED: PRODUCT LAUNCHES
                                     TABLE 236 TELEDYNE TECHNOLOGIES INCORPORATED: DEALS
                                     TABLE 237 TELEDYNE TECHNOLOGIES INCORPORATED: OTHERS
             15.1.7 DENSO CORPORATION
                        TABLE 238 DENSO CORPORATION: COMPANY OVERVIEW
                        FIGURE 81 DENSO CORPORATION: COMPANY SNAPSHOT
                        TABLE 239 DENSO CORPORATION: DEALS
             15.1.8 INDRA SISTEMAS, S.A.
                        TABLE 240 INDRA SISTEMAS, S.A.: COMPANY OVERVIEW
                        FIGURE 82 INDRA SISTEMAS, S.A.: COMPANY SNAPSHOT
                        TABLE 241 INDRA SISTEMAS, S.A.: PRODUCT LAUNCHES
                        TABLE 242 INDRA SISTEMAS, S.A.: DEALS
             15.1.9 GARMIN LTD.
                        TABLE 243 GARMIN LTD.: COMPANY OVERVIEW
                        FIGURE 83 GARMIN LTD.: COMPANY SNAPSHOT
                        TABLE 244 GARMIN LTD.: PRODUCT LAUNCHES
                        TABLE 245 GARMIN LTD.: DEALS
             15.1.10 TOMTOM INTERNATIONAL BV
                        TABLE 246 TOMTOM INTERNATIONAL BV: COMPANY OVERVIEW
                        FIGURE 84 TOMTOM INTERNATIONAL BV: COMPANY SNAPSHOT
                        TABLE 247 TOMTOM INTERNATIONAL BV: PRODUCT LAUNCHES
                        TABLE 248 TOMTOM INTERNATIONAL BV: DEALS
                        TABLE 249 TOMTOM INTERNATIONAL BV: OTHERS
     15.2 OTHER KEY PLAYERS 
             15.2.1 VERRA MOBILITY CORPORATION
             15.2.2 SWARCO
             15.2.3 ST ENGINEERING
             15.2.4 ITERIS, INC.
             15.2.5 Q-FREE ASA
             15.2.6 SERCO GROUP PLC
             15.2.7 EFKON GMBH
             15.2.8 LANNER ELECTRONICS INC.
             15.2.9 SENSYS GATSO GROUP AB
             15.2.10 TAGMASTER
             15.2.11 RICARDO PLC
             15.2.12 TRANSMAX PTY LTD.
             15.2.13 DAKTRONICS, INC.
             15.2.14 GEOTOLL, INC.
             15.2.15 CELLINT
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
16 APPENDIX (Page No. - 314)
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 CUSTOMIZATION OPTIONS 
     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

In the secondary research process, various secondary sources have been referred to identify and collect information relevant to this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research has been mainly conducted to obtain key information about the industry's supply chain, value chain of the market, the total pool of key players, market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the ITS market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both the demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and Rest of the World (South America, the 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 consists 80% of total primary interviews; however, questionnaires and e-mails have also been used to collect the data.

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

The bottom-up approach has been employed to determine the overall size of the ITS market from the cost incurred by key players and their revenue contribution to the market. The global market size has been validated through primary interviews with industry stakeholders and subject matter experts.

  • Entities in the ITS value chain that influence the entire ITS industry have been identified.
  • Analyzing all major companies offering ITS solutions and related services
  • Estimating the market for ITS by offering, system, and application
  • Tracking the ongoing and upcoming developments in the ITS applications and forecasting the market based on these developments and other critical parameters
  • Undertaking multiple discussions with key opinion leaders to understand the implementation of ITS and their services, which helped analyze the impact of developments undertaken by each major company to increase their share in the ITS market
  • Verifying and crosschecking estimates at every level with key opinion leaders, including chief executive officers (CEOs), directors, and operation managers, and then finally with the domain experts at MarketsandMarkets
  • Studying various paid and unpaid sources of information such as annual reports, press releases, white papers, and databases for the company- and region-specific developments undertaken in the ITS market

Market Size Estimation Methodology: Bottom-up Approach

Intelligent Transportation System Market Size, and Bottom-up Approach

Market Size Estimation Methodology: Top-Down Approach

Intelligent Transportation System Market Size, and Top-Down Approach

In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits obtained from the secondary and primary research processes.

  • Focusing initially on the investments and expenditures undertaken in the ecosystem of ITS; the further split is provided on the basis of new installations, upgrades of ITS products and solutions, and key developments in key market areas
  • Identifying key players in the ITS market based on ITS hardware, services, and software solutions as well as their applications and verifying the findings through secondary research and brief discussions with industry experts.
  • Analyzing revenues, product mix, geographic presence, and key end-use applications of ITS to estimate and arrive at the percentage splits
  • Discussing these splits with industry experts to validate the information and identify key growth pockets across all major segments
  • Breaking down the total market based on verified splits and key growth pockets across all segments

Data Triangulation

After arriving at the overall size of the ITS market through the process explained above, the total market has been split into several segments and sub-segments. Market breakdown and data triangulation procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from the demand and supply sides. The market has also been validated using the top-down and bottom-up approaches.

Report Objectives:

  • To define, describe, segment, and forecast the global intelligent transportation system (ITS) market based on offering, system, application, and geography in terms of value
  • To describe and forecast the ITS market in four key regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
  • To forecast the ITS market for cameras and sensors used for roadways application, in terms of volume
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the ITS market
  • To study the complete value chain of the ITS market and provide detailed information regarding Porter's five forces, technology trends, product pricing trade, use cases, and import and export trends pertaining to the ITS market
  • To provide a detailed impact of the recession on the global ITS market
  • To analyze opportunities in the market for stakeholders by identifying high-growth segments of the ITS ecosystem
  • To strategically profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape of the market
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall market
  • To analyze strategic approaches, such as product launches, contracts, collaborations, partnerships, agreements, expansion, and acquisitions, in the market.

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:

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 2415
Published ON
Feb, 2023
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