Intelligent Transportation System Market

Intelligent Transportation System Market by Offering, System (Advanced Traffic Management Systems, ITS-enabled Transportation Pricing Systems, and Others), Application and Geography (2021-2026)

Report Code: SE 2415 Nov, 2021, by marketsandmarkets.com
Updated date -

[295 Pages Report] The global intelligent transportation system (ITS) market is projected to reach USD 68.0 billion by 2026 from an estimated USD 42.2 billion in 2021, at a CAGR of 10.0% from 2021 to 2026. The growth of the ITS market can be attributed to the high adoption of ecofriendly automobile technology and the increasing importance of environmental conservation.

Intelligent Transportation System Market

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COVID-19 Impact on the Global ITS Market

The outbreak of the COVID-19 pandemic has adversely affected every sector and industry in North America. The region recorded the highest number of cases in the world. The countries in the region faced severe disruptions in the automotive, transportation, retail, agriculture, and construction sectors, leading to complete or partial shutdown of manufacturing units. Thus, the ITS market, too, has been affected by this crisis.

Border closures and lockdowns led to disruptions in the supply chains, whereas social distancing guidelines led to the closure of manufacturing and assembling units in the US and Canada. Due to the shortage of workforce and lay-offs, the ongoing projects related to the transport sector have been delayed. Besides, the ITS ecosystem, which is majorly dependent on the electronics and telecommunication industries, is expected to witness a potential short-term slowdown owing to supply chain disruptions. This may lead to a decline in the deployment of smart transport systems.

Furthermore, the ITS market includes major Tier I and II suppliers such as Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Conduent, Inc. (US), Cubic Corporation (US), and so on. These suppliers have their manufacturing facilities spread across various countries across North America, Europe, APAC, and RoW. COVID-19 has impacted their businesses as well.

Market Dynamics of ITS Market

Driver: Favorable government initiatives for effective traffic management

Governments across the world are adopting ITS to improve road safety and operational performance of the transport system and reduce the impact of transportation on the environment. To implement ITS, substantial funds are required. Countries such as the US, Dubai, and Japan are heavily investing in different projects of ITS. For instance, in 2020, the UK government invested USD 1.9 million in three projects to trial innovative technologies and new ways to improve driving conditions, cut traffic congestion, and reduce time spent in traffic jams. Further, the government hopes that the deployment of next-generation AI-powered intelligent transport systems will provide drivers the confidence to plan their trips without the fear of being stuck in traffic. These systems reduce congestion, delays, and air pollution as well. Innovators in the UK are provided with funds of over USD 368 million to build a cleaner, greener, and sustainable transport network.

Restraint: High installation cost of ITS

For an intelligent transport setup, a sophisticated centralized traffic management center (TMC), which can deal with real-time traffic data and help reduce traffic congestion, is the basic requirement. This management center should be co-located with transportation managers, system operators, dispatchers, and response agencies, leading to the requirement for huge investments.

Further, the implementation of ITS includes CCTV cameras, microwave detectors, dynamic message signboards, advanced traveler information systems, highway advisory radios, mobile data terminals, fleet management systems, and several other systems and components. Mobile data terminals are multifunctional onboard devices that support two-way communication between a vehicle and a control center. Capital costs for mobile data terminals usually range from USD 1,000 to USD 4,000 per unit, with additional installation costs from USD 500 to USD 1,000, according to the US Department of Transportation.

Opportunity: Increasing public-private partnerships

ITS cannot be deployed by a single stakeholder; it requires collaboration among various domains, such as telecom operators, infrastructure providers, manufacturers, service providers, public sector companies, and user groups. Thus, public–private partnerships (PPPs) would be key to the success of ITS.

Many nonprofit organizations such as ITS Canada, ITS America, ITS Thailand, ITS India, and ITS Germany sign strategic partnership agreements with different associations that work on roads and transport projects. In June 2020, Cubic Transportation Systems (CTS), a transportation business division of Cubic Corporation (US), was selected by the Yucatan state government to install advanced traffic management technologies in the city of Merida, Mexico. Cubic partnered with Vixionere SAPI de C.V. (Mexico) to deploy the Trafficware ATMS central transport management platform, controllers, and Transit Signal Priority software, which utilizes and is integrated with Cubic’s NextBus real-time platform, at all intersections included in the project. Cubic will also install the SynchroGreen Adaptive Signal Control module at over 50 intersections.

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 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 the system efficiency.

In 2014, the European Commission introduced a new standard for ITS called EN 302 637 3. This standard defines the Decentralized Environmental Notification (DEN) basic service and supports road hazard warnings. DEN provides information related to a road hazard or an abnormal traffic condition, including its type and position. In the event of a mishap, an alert message is sent to nearby ITS stations via direct V2V or V2I communication to alert drivers regarding a potentially dangerous event. However, this standard is different from the US standard.

European countries, such as France, Spain, and Italy, use DSRC in the ITS, whereas countries in North America, such as the US, use GPS/GSM-based systems. DSRC cannot be included in an integrated technology platform as it would not work with other national transport systems.
These differences in the standards/protocols of different countries create a challenge in designing a centralized ITS infrastructure.

Intelligent Transportation System Ecosystem

Intelligent Transportation System Market Ecosystem

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The software segment is projected to grow at the highest CAGR during the forecast period

Software solutions provide real-time information regarding the vehicle's current position, unplanned changes in routes due to traffic congestion or an accident to the third-party system connected via network solutions. Thus, governments of different countries are implementing various initiatives to support advanced software development. For instance, the US Department of Transportation (USDOT) and the Open-Source Application Development Portal (OSADP) facilitate the advancement of research, development, planning, testing, and deployment of connected vehicle and traveler-related applications and ITS. Owing to this, the software segment of the ITS market is expected to grow at the highest CAGR during the forecast period.

Advanced traffic management systems applications held the largest share of the ITS market in 2020

The advanced traffic management system (ATMS) provides automotive drivers with real-time messaging about traffic or road conditions. The system continuously monitors expressways and highways and provides valuable feedback and information to the central traffic control room, enabling it to take suitable timely actions to control traffic congestion. Moreover, the system enables private concessionaires, highway operators, or government authorities to enhance road safety, improve the traffic flow, increase the efficiency of transportation systems, boost economic productivity, and enhance mobility. Owing to this, the ATMS application held the largest share of the ITS market in 2020.

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

The ITS market in the Asia Pacific is expected to register the highest growth in the ITS market, 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

Key Market Players

Siemens (Germany); Thales Group (France); Kapsch TrafficCom (Austria); Cubic Corporation (US); Conduent, Inc. (US); Garmin Ltd. (US); TomTom International BV (Netherlands); Teledyne FLIR Systems, Inc. (US); Indra Sistemas (Spain); and Denso Corporation (Japan); are some of the key players in the ITS market.

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2026

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD Billion/Million)

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 (Germany); Thales Group (France); Kapsch TrafficCom (Austria); Cubic Corporation (US); Conduent, Inc. (US); Garmin Ltd. (US); TomTom International BV (Netherlands); Teledyne FLIR Systems, Inc. (US); Indra Sistemas (Spain); and Denso Corporation (Japan); are some of the key players in the ITS market.
A total of 25 players are covered.

This research report categorizes the ITS market based on offering, system, application, and geography.

Intelligent Transportation System Market:

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 (Linked Traffic Controllers and Variable Message Signboards)
  • 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 Wheather Information Tracking
  • Container Movement Scheduling
  • Emergency Notification
  • Others

Based on Geography

  • 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 September 2021, Siemens signed a contract with the National Authority for Tunnels (NAT) to deliver a comprehensive rail system that will feature the first-ever high-speed, electrified main, and freight rail line transforming Egypt’s transportation. Siemens Mobility will provide its comprehensive turnkey services to design, install, commission, and maintain the systems for 15 years. The total contract value is approximately USD 4.5 billion, of which Siemens Mobility’s share is around USD 3 billion.
  • In July 2021, Siemens Intelligent Traffic Systems (ITS), a subsidiary of Siemens Mobility, has launched its new brand Yunex Traffic. It will strategically leverage its market-leading position in offering innovative, smart, and comprehensive mobility solutions.
  • In June 2021, Kapsch TrafficCom announced that it had received a project from Plenary Infrastructure Group (Australia) to install a new toll collection system at the Louisiana Highway (LA-1) for the Louisiana Department of Transportation and Development (LADOTD). The project is an amendment to Kapsch’s existing contract with Plenary, where Kapsch is providing an end-to-end all-electronic tolling system and related maintenance services for a major bridge and tunnel replacement in Belle Chasse, Louisiana. 
  • In May 2021, Omaha Metro Transit (US) has awarded Cubic Transportation Systems (CTS) a multi-year contract to deliver its Umo Pass solution. Umo Pass will empower Omaha Metro Transit riders to seamlessly plan and pay for transit journeys through a single fare payment system.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 39)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION AND SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKET COVERED
                    FIGURE 1 MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 PACKAGE SIZE
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 45)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
                    2.1.1.2 List of key secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Primary interviews with experts
                    2.1.2.3 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
                    2.1.3.1 Key industry insights
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE OF KEY PLAYERS
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2 (DEMAND SIZE): BOTTOM-UP APPROACH FOR ESTIMATION OF SIZE OF ITS MARKET
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
                    2.2.1.1 Estimating market size using bottom-up analysis (demand side)
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                    2.2.2.1 Estimating market size using top-down approach (supply side)
    2.3 DATA TRIANGULATION
           FIGURE 7 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
           FIGURE 8 ASSUMPTIONS OF RESEARCH STUDY
    2.5 RISK ASSESSMENT
           TABLE 1 LIMITATIONS & ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 56)
    FIGURE 9 ITS MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS, 2017–2026
    3.1 ITS MARKET: REALISTIC SCENARIO (POST-COVID-19)
    3.2 ITS MARKET: OPTIMISTIC SCENARIO (POST-COVID-19)
    3.3 ITS MARKET: PESSIMISTIC SCENARIO (POST-COVID-19)
           FIGURE 10 COMMERCIAL VEHICLE OPERATIONS SYSTEMS TO REGISTER HIGHEST CAGR IN ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD
           FIGURE 11 INTELLIGENT TRAFFIC CONTROL APPLICATION TO HOLD LARGEST SIZE OF ITS MARKET FOR ROADWAYS IN 2021
           FIGURE 12 SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR IN ITS MARKET FOR RAILWAYS DURING FORECAST PERIOD
           FIGURE 13 AIRCRAFT MANAGEMENT APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR AVIATION IN 2021
           FIGURE 14 FREIGHT ARRIVAL & TRANSIT APPLICATION TO HOLD LARGEST SIZE OF ITS MARKET FOR MARITIME IN 2021
           FIGURE 15 NORTH AMERICA HELD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2020

4 PREMIUM INSIGHTS (Page No. - 62)
    4.1 MAJOR OPPORTUNITIES IN ITS MARKET
          FIGURE 16 APAC IS EXPECTED TO REGISTER HIGHEST CAGR IN ITS MARKET DURING FORECAST PERIOD
    4.2 ITS MARKET FOR ROADWAYS, BY OFFERING
          FIGURE 17 ITS MARKET IN ROADWAYS FOR SOFTWARE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.3 ITS MARKET FOR ROADWAYS IN APAC, BY SYSTEM AND COUNTRY
          FIGURE 18 ADVANCED TRAFFIC MANAGEMENT SYSTEMS AND JAPAN HELD LARGEST SHARES OF ITS MARKET IN APAC FOR ROADWAYS IN 2020
    4.4 ITS MARKET FOR ROADWAYS, BY COUNTRY
          FIGURE 19 US ACCOUNTED FOR LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2020
    4.5 ITS MARKET FOR ROADWAYS, BY APPLICATION
          FIGURE 20 AUTOMOTIVE TELEMATICS TO REGISTER HIGHEST CAGR IN ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 65)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS FOR ITS IN ROADWAYS
           FIGURE 21 GROWING CONCERNS REGARDING PUBLIC SAFETY TO DRIVE MARKET FOR ROADWAYS
           5.2.1 DRIVERS
                    5.2.1.1 Government efforts to ensure road and public safety
                                FIGURE 22 ROAD TRAFFIC DEATH RATES PER 100,000 POPULATION BY WHO, 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 ecofriendly automobile technology
                    5.2.1.5 Rapid development of smart cities globally
                                FIGURE 23 IMPACT ANALYSIS: DRIVERS
           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 24 IMPACT ANALYSIS: RESTRAINTS
           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 25 IMPACT ANALYSIS: OPPORTUNITIES
           5.2.4 CHALLENGES
                    5.2.4.1 Achieving interoperable and standard ITS architecture worldwide
                                FIGURE 26 IMPACT ANALYSIS: CHALLENGE
    5.3 MARKET DYNAMICS FOR ITS IN RAILWAYS
          FIGURE 27 ITS MARKET FOR RAILWAYS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.3.1 DRIVERS
                    5.3.1.1 Increasing demand for security and surveillance
           5.3.2 RESTRAINTS
                    5.3.2.1 Slow infrastructure development in railways
           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 28 ITS MARKET FOR AVIATION: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           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 29 ITS MARKET FOR MARITIME: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           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 30 VALUE CHAIN ANALYSIS: ITS MARKET
    5.7 ECOSYSTEM ANALYSIS
           TABLE 2 ITS MARKET: ECOSYSTEM
    5.8 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 31 ITS MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020
           TABLE 3 ITS MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020
           5.8.1 INTENSITY OF COMPETITIVE RIVALRY
           5.8.2 THREAT OF SUBSTITUTES
           5.8.3 BARGAINING POWER OF BUYERS
           5.8.4 BARGAINING POWER OF SUPPLIERS
           5.8.5 THREAT OF NEW ENTRANTS
    5.9 TECHNOLOGY ANALYSIS
           5.9.1 ADOPTION OF IMAGE PROCESSING SOLUTIONS
           5.9.2 USE OF SMARTPHONES TO FACILITATE VIDEO-BASED TOLL COLLECTION
           5.9.3 INTRODUCTION OF C-ITS/V2X TECHNOLOGIES FOR WIRELESS DATA EXCHANGE
           5.9.4 IMPLEMENTATION OF AUTONOMOUS DRIVING TECHNOLOGY TO REDUCE ACCIDENTS
           5.9.5 CONNECTED CAR TECHNOLOGY FOR CAR-TO-CAR COMMUNICATION
    5.10 TRENDS AND DISRUPTIONS IMPACTING BUSINESSES OF CUSTOMERS
    5.11 CASE STUDY ANALYSIS
           5.11.1 CUBIC CORPORATION PROVIDES INTELLIGENT PASSENGER-ORIENTED DISPLAYS TO GOVIA THAMESLINK RAILWAY TO REDUCE TOUCHPOINTS AND IMPROVE PASSENGER EXPERIENCE
           5.11.2 FREEWI DE LIJN INTRODUCED “TAP & GO” TICKETING SYSTEM TO FLANDERS PUBLIC TRANSPORTATION TO REDUCE TRAFFIC CONGESTION
           5.11.3 SANTIAGO UTILIZES ELECTRONIC TOLLING TECHNOLOGY ON URBAN HIGHWAYS TO GENERATE SIGNIFICANT INFRASTRUCTURE REVENUE WITHOUT IMPEDING TRAFFIC FLOW
           5.11.4 CITY OF BENTONVILLE DEPLOYED MULTIMODAL DETECTION AND TRAFFIC DATA COLLECTION PROGRAM FOR SAFER AND MORE EFFICIENT STREETS
           5.11.5 CUBIC CORPORATION MODERNIZEDNEW YORK TRANSPORTATION NETWORK WITH SINGLE FARE PAYMENT SYSTEM
    5.12 AVERAGE SELLING PRICES (ASP) TREND
           FIGURE 32 AVERAGE PRICES OF SENSORS: 2020 VS. 2026
           FIGURE 33 AVERAGE PRICES OF CAMERAS: 2020 VS. 2026
    5.13 PATENTS ANALYSIS
           TABLE 4 KEY PATENTS IN ITS MARKET
    5.14 TRADE ANALYSIS
           5.14.1 TRADE ANALYSIS FOR VIDEO SURVEILLANCE
                      TABLE 5 TELEVISION CAMERA, DIGITAL CAMERA, AND VIDEO CAMERA RECORDER EXPORTS, BY COUNTRY, 2015–2019 (USD MILLION)
                      TABLE 6 TELEVISION CAMERA, DIGITAL CAMERA, AND VIDEO CAMERA RECORDER IMPORTS, BY COUNTRY, 2015–2019 (USD MILLION)

6 PROTOCOLS FOR INTELLIGENT TRANSPORT SYSTEMS (Page No. - 95)
    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 ITS MARKET FOR ROADWAYS, BY OFFERING (Page No. - 98)
    7.1 INTRODUCTION
          FIGURE 34 ITS MARKET FOR ROADWAYS: BY OFFERING
          FIGURE 35 SOFTWARE OFFERINGS TO REGISTER HIGHEST CAGR IN ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD
          TABLE 7 ITS MARKET FOR ROADWAYS, BY OFFERING, 2017–2020 (USD BILLION)
          TABLE 8 ITS MARKET FOR ROADWAYS, BY OFFERING, 2021–2026 (USD BILLION)
    7.2 HARDWARE
          FIGURE 36 ITS MARKET: HARDWARE OFFERINGS
          TABLE 9 ROADWAYS: ITS MARKET FOR HARDWARE OFFERINGS, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 10 ROADWAYS: ITS MARKET FOR HARDWARE OFFERINGS, BY TYPE, 2021–2026 (USD MILLION)
           7.2.1 INTERFACE BOARDS
                    7.2.1.1 Multifunctional boards
                               7.2.1.1.1 Multifunctional boards serve as interface between various ITS components
                    7.2.1.2 Vehicle detection boards
                               7.2.1.2.1 Vehicle detection boards provide real-time information to traffic control servers
                    7.2.1.3 Communication boards
                               7.2.1.3.1 Market for communication boards is expected to grow at highest CAGR during forecast period
                                              TABLE 11 ROADWAYS: ITS MARKET FOR INTERFACE BOARDS, BY TYPE, 2017–2020 (USD MILLION)
                                              TABLE 12 ROADWAYS: ITS MARKET FOR INTERFACE BOARDS, BY TYPE, 2021–2026 (USD MILLION)
           7.2.2 SENSORS
                    7.2.2.1 Vehicle detection sensors
                               7.2.2.1.1 Increasing demand for vehicle detection sensors in automotive applications to drive sensors market
                    7.2.2.2 Pedestrian presence sensors
                               7.2.2.2.1 Pedestrian sensors help improve pedestrian’s safety in urban areas
                    7.2.2.3 Speed sensors
                               7.2.2.3.1 Speed sensors help reduce vehicle speed during hazardous weather conditions
                                              TABLE 13 ROADWAYS: ITS MARKET FOR SENSORS, BY TYPE, 2017–2020 (USD MILLION)
                                              TABLE 14 ROADWAYS: ITS MARKET FOR SENSORS, BY TYPE, 2021–2026 (USD MILLION)
                                              TABLE 15 ROADWAYS: ITS MARKET FOR SENSORS, BY TYPE, 2017–2020 (MILLION UNITS)
                                              TABLE 16 ROADWAYS: ITS MARKET FOR SENSORS, BY TYPE, 2021–2026 (MILLION UNITS)
           7.2.3 SURVEILLANCE CAMERAS
                    7.2.3.1 Thermal cameras
                               7.2.3.1.1 Thermal cameras are integrated with automobiles and traffic monitoring systems for traffic monitoring
                    7.2.3.2 AID cameras
                               7.2.3.2.1 AID cameras are designed to detect and capture incidents automatically
                                              TABLE 17 ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERAS, BY TYPE, 2017–2020 (USD MILLION)
                                              TABLE 18 ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERAS, BY TYPE, 2021–2026 (USD MILLION)
                                              TABLE 19 ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERAS, BY TYPE, 2017–2020 (MILLION UNITS)
                                              TABLE 20 ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERAS, BY TYPE, 2021–2026 (MILLION UNITS)
           7.2.4 TELECOMMUNICATION NETWORKS
                    7.2.4.1 Fiber optic cables
                               7.2.4.1.1 Increasing demand for fiber optic cables to boost growth of market for telecommunication networks
                    7.2.4.2 Copper lines
                               7.2.4.2.1 Copper lines are used for connecting 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 are widely used wireless media in automobile communication for short-range wireless applications
                                              TABLE 21 ROADWAYS: ITS MARKET FOR TELECOMMUNICATION NETWORKS, BY TYPE, 2017–2020 (USD MILLION)
                                              TABLE 22 ROADWAYS: ITS MARKET FOR TELECOMMUNICATION NETWORKS, BY TYPE, 2021–2026 (USD MILLION)
           7.2.5 MONITORING AND DETECTION SYSTEMS
                    7.2.5.1 Automatic number plate recognition systems
                               7.2.5.1.1 ANPR systems hold larger market share than intelligent traffic controllers
                    7.2.5.2 Intelligent traffic controllers
                               7.2.5.2.1 Intelligent traffic controllers can assess dynamic changes in traffic flow
                                              TABLE 23 ROADWAYS: ITS MARKET FOR MONITORING AND DETECTION SYSTEMS, BY TYPE, 2017–2020 (USD MILLION)
                                              TABLE 24 ROADWAYS: ITS MARKET FOR MONITORING AND DETECTION SYSTEMS, BY TYPE, 2021–2026 (USD MILLION)
           7.2.6 OTHERS
                    7.2.6.1 Linked traffic controllers
                    7.2.6.2 Variable message signboards
                                TABLE 25 ROADWAYS: ITS MARKET FOR OTHER HARDWARE OFFERINGS, BY TYPE, 2017–2020 (USD MILLION)
                                TABLE 26 ROADWAYS: ITS MARKET FOR OTHER HARDWARE OFFERINGS, BY TYPE, 2021–2026 (USD MILLION)
    7.3 SOFTWARE
          FIGURE 37 ITS MARKET: SOFTWARE OFFERINGS
          TABLE 27 ROADWAYS: ITS MARKET FOR SOFTWARE OFFERINGS, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 28 ROADWAYS: ITS MARKET FOR SOFTWARE OFFERINGS, BY TYPE, 2021–2026 (USD MILLION)
           7.3.1 VISUALIZATION SOFTWARE
                    7.3.1.1 Visualization software is widely used in managing traffic control systems
           7.3.2 VIDEO DETECTION MANAGEMENT SOFTWARE
                    7.3.2.1 Video detection management software is graphical user interface for real-time recording and monitoring of events
           7.3.3 TRANSIT MANAGEMENT SOFTWARE
                    7.3.3.1 Transit management software to record highest CAGR during forecast period
           7.3.4 OTHERS
    7.4 SERVICES
          FIGURE 38 ITS MARKET: SERVICE OFFERINGS
          TABLE 29 ROADWAYS: ITS MARKET FOR SERVICE OFFERINGS, BY TYPE, 2017–2020 (USD MILLION)
          TABLE 30 ROADWAYS: ITS MARKET FOR SERVICE OFFERINGS, BY TYPE, 2021–2026 (USD MILLION)
           7.4.1 BUSINESS AND CLOUD SERVICES
                    7.4.1.1 Business and cloud services hold larger market share than support and maintenance services
           7.4.2 SUPPORT AND MAINTENANCE SERVICES
                    7.4.2.1 Support and maintenance services are required for both hardware devices and software

8 ITS MARKET FOR ROADWAYS, BY SYSTEM (Page No. - 115)
    8.1 INTRODUCTION
          FIGURE 39 ITS MARKET FOR ROADWAYS: BY SYSTEM
          FIGURE 40 ADVANCED TRAFFIC MANAGEMENT SYSTEMS TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD
          TABLE 31 ITS MARKET FOR ROADWAYS, BY SYSTEM, 2017–2020 (USD BILLION)
          TABLE 32 ITS MARKET FOR ROADWAYS, BY SYSTEM, 2021–2026 (USD BILLION)
    8.2 ADVANCED TRAFFIC MANAGEMENT SYSTEM (ATMS)
           8.2.1 ATMS SEGMENT CURRENTLY HOLDS LARGEST SHARE OF ITS MARKET
                    TABLE 33 ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEMS, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 34 ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEMS, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 35 ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEMS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 36 ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEMS, BY REGION, 2021–2026 (USD MILLION)
    8.3 ADVANCED TRAVELER INFORMATION SYSTEMS (ATIS)
           8.3.1 VEHICLE-TO-VEHICLE (V2V), VEHICLE-TO-INFRASTRUCTURE (V2I), VEHICLE-TO-EVERYTHING (V2X) COMMUNICATION
                    8.3.1.1 V2V, V2I, and V2X technologies are vital for connected vehicles
                                TABLE 37 ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEMS, BY APPLICATION, 2017–2020 (USD MILLION)
                                TABLE 38 ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEMS, BY APPLICATION, 2021–2026 (USD MILLION)
                                TABLE 39 ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEMS, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 40 ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEMS, BY REGION, 2021–2026 (USD MILLION)
    8.4 ITS-ENABLED TRANSPORTATION PRICING SYSTEMS (ITPS)
           8.4.1 MARKET FOR ITPS IS EXPECTED TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD
                    TABLE 41 ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEMS, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 42 ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEMS, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 43 ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEMS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 44 ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEMS, BY REGION, 2021–2026 (USD MILLION)
    8.5 ADVANCED PUBLIC TRANSPORTATION SYSTEMS (APTS)
           8.5.1 IMPACT OF COVID-19 ON APTS MAY BE GREATER AS COMPARED TO OTHER SYSTEMS
                    TABLE 45 ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEMS, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 46 ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEMS, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 47 ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEMS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 48 ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEMS, BY REGION, 2021–2026 (USD MILLION)
    8.6 COMMERCIAL VEHICLE OPERATIONS (CVO) SYSTEMS
           8.6.1 COMMERCIAL VEHICLE OPERATIONS SYSTEMS EXPECTED TO RECORD HIGHEST CAGR IN ITS MARKET DURING FORECAST PERIOD
                    TABLE 49 ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEMS, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 50 ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEMS, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 51 ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEMS, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 52 ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEMS, BY REGION, 2021–2026 (USD MILLION)

9 ITS MARKET FOR ROADWAYS, BY APPLICATION (Page No. - 127)
    9.1 INTRODUCTION
           FIGURE 41 ITS MARKET FOR ROADWAYS: BY APPLICATION
           FIGURE 42 INTELLIGENT TRAFFIC CONTROL APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2021
           TABLE 53 ITS MARKET FOR ROADWAYS, BY APPLICATION, 2017–2020 (USD BILLION)
           TABLE 54 ITS MARKET FOR ROADWAYS, BY APPLICATION, 2021–2026 (USD BILLION)
    9.2 INTELLIGENT TRAFFIC CONTROL
           FIGURE 43 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL, BY DEVICE TYPE
           9.2.1 TRAFFIC MONITORING SYSTEMS
                    9.2.1.1 Traffic monitoring systems help monitor real-time traffic condition
           9.2.2 TRAFFIC SIGNAL CONTROL SYSTEMS
                    9.2.2.1 Traffic signal control systems are effective measures to address traffic congestion issue in urban areas
           9.2.3 TRAFFIC ENFORCEMENT CAMERAS
                    9.2.3.1 Traffic enforcement cameras help detect traffic violations and security threats
           9.2.4 VARIABLE TRAFFIC MESSAGE SIGNBOARDS
                    9.2.4.1 Variable traffic message signboards provide display critical information about road and traffic conditions to drivers
                                TABLE 55 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY DEVICE TYPE, 2017–2020 (USD MILLION)
                                TABLE 56 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY DEVICE TYPE, 2021–2026 (USD MILLION)
                                TABLE 57 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2017–2020 (USD MILLION)
                                TABLE 58 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2021–2026 (USD MILLION)
                                TABLE 59 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                                TABLE 60 ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.3 COLLISION AVOIDANCE
           9.3.1 INTELLIGENT TRANSPORTATION SYSTEMS WILL BE ADOPTED AT SIGNIFICANT RATE FOR COLLISION AVOIDANCE APPLICATIONS IN COMING YEARS
                    TABLE 61 COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 62 COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 63 ROADWAYS: ITS MARKET FOR COLLISION AVOIDANCE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 64 ROADWAYS: ITS MARKET FOR COLLISION AVOIDANCE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.4 PARKING MANAGEMENT
           9.4.1 PARKING FACILITIES CAN BE MONITORED AND MANAGED EFFICIENTLY USING ELECTRONIC PARKING MANAGEMENT SYSTEMS
                    TABLE 65 ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 66 ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY SYSTEM TYPE, 2021–2026 (USD MILLION)
                    TABLE 67 ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 68 ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.5 PASSENGER INFORMATION MANAGEMENT
           9.5.1 PASSENGER INFORMATION SYSTEMS PROVIDE REAL-TIME DATA ON PASSENGERS BOARDING AND LEAVING AT EVERY STOP
                    TABLE 69 ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 70 ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 71 ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 72 ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.6 TICKETING MANAGEMENT
           9.6.1 INCREASING USE OF E-TICKETING, INTEGRATED PAYMENT SYSTEMS, AND SMARTCARDS IS EXPECTED TO DRIVE ITS MARKET FOR TICKETING MANAGEMENT
                    TABLE 73 ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 74 ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 75 ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 76 ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.7 EMERGENCY VEHICLE NOTIFICATION
           9.7.1 EMERGENCE OF COMMERCIAL VEHICLES IS MAJOR GROWTH DRIVER FOR THIS MARKET
                    TABLE 77 ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 78 ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 79 ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 80 ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.8 AUTOMOTIVE TELEMATICS
           9.8.1 ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 81 ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 82 ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 83 ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 84 ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY REGION, 2021–2026 (USD MILLION)
    9.9 FLEET MANAGEMENT AND ASSET MONITORING
           9.9.1 VEHICLE TRACKING AND DRIVER MANAGEMENT ARE KEY FUNCTIONS OF FLEET MANAGEMENT AND ASSET MONITORING SYSTEMS
                    TABLE 85 ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY SYSTEM, 2017–2020 (USD MILLION)
                    TABLE 86 ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY SYSTEM, 2021–2026 (USD MILLION)
                    TABLE 87 ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 88 ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY REGION, 2021–2026 (USD MILLION)

10 ITS MARKET FOR RAILWAYS, BY APPLICATION (Page No. - 146)
     10.1 INTRODUCTION
             FIGURE 44 ITS MARKET FOR RAILWAYS, BY APPLICATION
             FIGURE 45 SMART TICKETING APPLICATION IN ITS MARKET FOR RAILWAYS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 89 ITS MARKET FOR RAILWAYS, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 90 ITS MARKET FOR RAILWAYS, BY APPLICATION, 2021–2026 (USD MILLION)
     10.2 RAIL-RUNNING OPERATION AND COLLISION AVOIDANCE
             10.2.1 RAIL-RUNNING OPERATION AND COLLISION AVOIDANCE APPLICATION TO CAPTURE LARGEST SHARE OF ITS MARKET FOR RAILWAYS
                        TABLE 91 RAILWAYS: ITS MARKET FOR RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 92 RAILWAYS: ITS MARKET FOR RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     10.3 PASSENGER INFORMATION MANAGEMENT
             10.3.1 PASSENGER INFORMATION MANAGEMENT INCLUDES PROVIDING PRE-TRIP AND REAL-TIME INFORMATION TO PASSENGERS
                        TABLE 93 RAILWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 94 RAILWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     10.4 SMART TICKETING
             10.4.1 SMART TICKETING IS EXPECTED TO EXHIBIT HIGHEST CAGR IN ITS MARKET FOR RAILWAYS DURING FORECAST PERIOD
                        TABLE 95 RAILWAYS: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 96 RAILWAYS: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     10.5 SECURITY & SURVEILLANCE
             10.5.1 VULNERABILITY TO SECURITY THREATS FACILITATES USE OF SECURITY AND SURVEILLANCE SYSTEMS AT RAILWAY STATIONS
                        TABLE 97 RAILWAYS: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 98 RAILWAYS: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     10.6 EMERGENCY NOTIFICATION
             10.6.1 EMERGENCY NOTIFICATION APPLICATION REDUCES PROBABILITY OF RAILWAY ACCIDENTS
                        TABLE 99 RAILWAYS: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 100 RAILWAYS: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     10.7 OTHERS
             TABLE 101 RAILWAYS: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
             TABLE 102 RAILWAYS: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)

11 ITS MARKET FOR AVIATION, BY APPLICATION (Page No. - 156)
     11.1 INTRODUCTION
             FIGURE 46 ITS MARKET FOR AVIATION: BY APPLICATION
             FIGURE 47 SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR IN ITS MARKET DURING FORECAST PERIOD
             TABLE 103 ITS MARKET FOR AVIATION, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 104 ITS MARKET FOR AVIATION, BY APPLICATION, 2021–2026 (USD MILLION)
     11.2 SECURITY & SURVEILLANCE
             11.2.1 SECURITY & SURVEILLANCE HELPS TO AVOID UNETHICAL AND UNLAWFUL ACTIVITIES
                        TABLE 105 AVIATION: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 106 AVIATION: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     11.3 SHUTTLE BUS TRACKING
             11.3.1 INTELLIGENT TRANSPORT SYSTEMS ARE DEPLOYED TO MEET THE NEEDS OF REAL-TIME BUS INFORMATION, CONTROLLING RUN TIME, AND HEADWAY DELAY
                        TABLE 107 AVIATION: ITS MARKET FOR SHUTTLE BUS TRACKING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 108 AVIATION: ITS MARKET FOR SHUTTLE BUS TRACKING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     11.4 TRAVELER INFORMATION MANAGEMENT
             11.4.1 TRAVELER INFORMATION MANAGEMENT SYSTEMS ARE DEPLOYED TO DISPLAY TRANSPORTATION SERVICES AND PROVIDE INFORMATION ON TRAFFIC CONDITION AND FLIGHT STATUS
                        TABLE 109 AVIATION: ITS MARKET FOR TRAVELER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 110 AVIATION: ITS MARKET FOR TRAVELER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     11.5 SMART TICKETING
             11.5.1 SMART TICKETING APPLICATION TO EXHIBIT HIGHEST CAGR IN ITS MARKET FOR AVIATION DURING FORECAST PERIOD
                        TABLE 111 AVIATION: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 112 AVIATION: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     11.6 AIRCRAFT MANAGEMENT
             11.6.1 AIRCRAFT MANAGEMENT HOLDS LARGEST SHARE OF ITS MARKET FOR AVIATION
                        TABLE 113 AVIATION: ITS MARKET FOR AIRCRAFT MANAGEMENT APPLICATION,  BY REGION, 2017–2020 (USD MILLION)
                        TABLE 114 AVIATION: ITS MARKET FOR AIRCRAFT MANAGEMENT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     11.7 EMERGENCY NOTIFICATION
             11.7.1 SURVEILLANCE CAMERAS HELP AIRPORT AUTHORITIES TO IDENTIFY AND RESPOND QUICKLY TO EMERGENCY SITUATIONS
                        TABLE 115 AVIATION: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 116 AVIATION: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     11.8 OTHERS
             TABLE 117 AVIATION: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
             TABLE 118 AVIATION: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)

12 ITS MARKET IN MARITIME, BY APPLICATION (Page No. - 166)
     12.1 INTRODUCTION
             FIGURE 48 ITS MARKET FOR MARITIME: BY APPLICATION
             FIGURE 49 FREIGHT ARRIVAL & TRANSIT APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR MARITIME DURING FORECAST PERIOD
             TABLE 119 ITS MARKET FOR MARITIME, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 120 ITS MARKET FOR MARITIME, BY APPLICATION, 2021–2026 (USD MILLION)
     12.2 FREIGHT ARRIVAL & TRANSIT
             12.2.1 FREIGHT ARRIVAL & TRANSIT APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR MARITIME THROUGHOUT FORECAST PERIOD
                        TABLE 121 MARITIME: ITS MARKET FOR FREIGHT ARRIVAL & TRANSIT APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 122 MARITIME: ITS MARKET FOR FREIGHT ARRIVAL & TRANSIT APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     12.3 REAL-TIME WEATHER INFORMATION TRACKING
             12.3.1 REAL-TIME WEATHER INFORMATION HOLDS SMALL SHARE OF ITS MARKET FOR MARITIME
                        TABLE 123 MARITIME: ITS MARKET FOR REAL-TIME WEATHER INFORMATION TRACKING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 124 MARITIME: ITS MARKET FOR REAL-TIME WEATHER INFORMATION TRACKING APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     12.4 CONTAINER MOVEMENT SCHEDULING
             12.4.1 CONTAINER MOVEMENT SCHEDULING APPLICATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
                        TABLE 125 MARITIME: ITS MARKET FOR CONTAINER MOVEMENT SCHEDULING APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 126 MARITIME: ITS MARKET FOR CONTAINER MOVEMENT SCHEDULING IN APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     12.5 EMERGENCY NOTIFICATION
             12.5.1 INTELLIGENT EMERGENCY NOTIFICATION APPLICATION PLAYS VITAL ROLE IN MONITORING AND REDUCING CHANCES OF MARINE ACCIDENTS
                        TABLE 127 MARITIME: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 128 MARITIME: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2021–2026 (USD MILLION)
     12.6 OTHERS
             TABLE 129 MARITIME: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2017–2020 (USD MILLION)
             TABLE 130 MARITIME: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2026 (USD MILLION)

13 GEOGRAPHIC ANALYSIS (Page No. - 174)
     13.1 INTRODUCTION
             FIGURE 50 ITS MARKET: BY REGION
             TABLE 131 ITS MARKET FOR ROADWAYS, BY REGION, 2017–2020 (USD MILLION)
             TABLE 132 ITS MARKET FOR ROADWAYS, BY REGION, 2021–2026 (USD MILLION)
             TABLE 133 ITS MARKET FOR RAILWAYS, BY REGION, 2017–2020 (USD MILLION)
             TABLE 134 ITS MARKET FOR RAILWAYS, BY REGION, 2021–2026 (USD MILLION)
             TABLE 135 ITS MARKET FOR AVIATION, BY REGION, 2017–2020 (USD MILLION)
             TABLE 136 ITS MARKET FOR AVIATION, BY REGION, 2021–2026 (USD MILLION)
             TABLE 137 ITS MARKET FOR MARITIME, BY REGION, 2017–2020 (USD MILLION)
             TABLE 138 ITS MARKET FOR MARITIME, BY REGION, 2021–2026 (USD MILLION)
     13.2 NORTH AMERICA
             FIGURE 51 ITS MARKET SEGMENTATION: NORTH AMERICA
             FIGURE 52 SNAPSHOT: NORTH AMERICAN ITS MARKET FOR ROADWAYS
             TABLE 139 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 140 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 141 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY SYSTEM, 2017–2020 (USD MILLION)
             TABLE 142 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY SYSTEM, 2021–2026 (USD MILLION)
             TABLE 143 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 144 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
             13.2.1 IMPACT OF COVID-19 ON NORTH AMERICA
                       FIGURE 53 ANALYSIS OF NORTH AMERICAN MARKET: PRE- VS. POST-COVID-19
             13.2.2 US
                        13.2.2.1 US to be major market for ITS in North America
                                      TABLE 145 ITS MARKET FOR ROADWAYS IN US, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 146 ITS MARKET FOR ROADWAYS IN US, BY SYSTEM, 2021–2026 (USD MILLION)
             13.2.3 CANADA
                        13.2.3.1 Canada to hold second position in North American ITS market
                                      TABLE 147 ITS MARKET FOR ROADWAYS IN CANADA, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 148 ITS MARKET FOR ROADWAYS IN CANADA, BY SYSTEM, 2021–2026 (USD MILLION)
             13.2.4 MEXICO
                        13.2.4.1 Mexico to witness significant growth in North America ITS market
                                      TABLE 149 ITS MARKET FOR ROADWAYS IN MEXICO, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 150 ITS MARKET FOR ROADWAYS IN MEXICO, BY SYSTEM, 2021–2026 (USD MILLION)
     13.3 EUROPE
             FIGURE 54 ITS MARKET SEGMENTATION: EUROPE
             FIGURE 55 SNAPSHOT: EUROPEAN ITS MARKET FOR ROADWAYS
             TABLE 151 ITS MARKET FOR ROADWAYS IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 152 ITS MARKET FOR ROADWAYS IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 153 ITS MARKET FOR ROADWAYS IN EUROPE, BY SYSTEM, 2017–2020 (USD MILLION)
             TABLE 154 ITS MARKET FOR ROADWAYS IN EUROPE, BY SYSTEM, 2021–2026 (USD MILLION)
             TABLE 155 ITS MARKET FOR ROADWAYS IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 156 ITS MARKET FOR ROADWAYS IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
             13.3.1 IMPACT OF COVID-19 ON EUROPE
                        FIGURE 56 ANALYSIS OF EUROPEAN MARKET: PRE- VS. POST-COVID-19
             13.3.2 UK
                        13.3.2.1 UK to hold largest share of European ITS market
                                      TABLE 157 ITS MARKET FOR ROADWAYS IN UK, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 158 ITS MARKET FOR ROADWAYS IN UK, BY SYSTEM, 2021–2026 (USD MILLION)
             13.3.3 GERMANY
                        13.3.3.1 Germany to hold second position in European ITS market
                                      TABLE 159 ITS MARKET FOR ROADWAYS IN GERMANY, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 160 ITS MARKET FOR ROADWAYS IN GERMANY, BY SYSTEM, 2021–2026 (USD MILLION)
             13.3.4 FRANCE
                        13.3.4.1 Intelligent transportation system plays a vital role in French Transport Policy
                                      TABLE 161 ITS MARKET FOR ROADWAYS IN FRANCE, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 162 ITS MARKET FOR ROADWAYS IN FRANCE, BY SYSTEM, 2021–2026 (USD MILLION)
             13.3.5 ITALY
                        13.3.5.1 Italy to hold significant share of European ITS market
                                      TABLE 163 ITS MARKET FOR ROADWAYS IN ITALY, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 164 ITS MARKET FOR ROADWAYS IN ITALY, BY SYSTEM, 2021–2026 (USD MILLION)
             13.3.6 SPAIN
                        13.3.6.1 High traffic density in Spain to fuel demand for intelligent transportation systems
                                      TABLE 165 ITS MARKET FOR ROADWAYS IN SPAIN, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 166 ITS MARKET FOR ROADWAYS IN SPAIN, BY SYSTEM, 2021–2026 (USD MILLION)
             13.3.7 BELGIUM
                        13.3.7.1 Developments in transportation sector to drive market growth in Belgium
                                      TABLE 167 ITS MARKET FOR ROADWAYS IN BELGIUM, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 168 ITS MARKET FOR ROADWAYS IN BELGIUM, BY SYSTEM, 2021–2026 (USD MILLION)
             13.3.8 DENMARK
                        13.3.8.1 Technological advancements to drive market growth in Denmark
                                      TABLE 169 ITS MARKET FOR ROADWAYS IN DENMARK, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 170 ITS MARKET FOR ROADWAYS IN DENMARK, BY SYSTEM, 2021–2026 (USD MILLION)
             13.3.9 AUSTRIA
                        13.3.9.1 Well-established transportation sector to boost market growth
                                      TABLE 171 ITS MARKET FOR ROADWAYS IN AUSTRIA, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 172 ITS MARKET FOR ROADWAYS IN AUSTRIA, BY SYSTEM, 2021–2026 (USD MILLION)
             13.3.10 SWEDEN
                        13.3.10.1 Growing usage of public transit systems to increase deployment of ITS
                                      TABLE 173 ITS MARKET FOR ROADWAYS IN SWEDEN, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 174 ITS MARKET FOR ROADWAYS IN SWEDEN, BY SYSTEM, 2021–2026 (USD MILLION)
             13.3.11 REST OF EUROPE
                       TABLE 175 ITS MARKET FOR ROADWAYS IN REST OF EUROPE, BY SYSTEM, 2017–2020 (USD MILLION)
                       TABLE 176 ITS MARKET FOR ROADWAYS IN REST OF EUROPE, BY SYSTEM, 2021–2026 (USD MILLION)
     13.4 APAC
             FIGURE 57 ITS MARKET SEGMENTATION: APAC
             FIGURE 58 SNAPSHOT: APAC MARKET FOR ROADWAYS
             TABLE 177 ITS MARKET FOR ROADWAYS IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 178 ITS MARKET FOR ROADWAYS IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 179 ITS MARKET FOR ROADWAYS IN APAC, BY SYSTEM, 2017–2020 (USD MILLION)
             TABLE 180 ITS MARKET FOR ROADWAYS IN APAC, BY SYSTEM, 2021–2026 (USD MILLION)
             TABLE 181 ITS MARKET FOR ROADWAYS IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 182 ITS MARKET FOR ROADWAYS IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
             13.4.1 IMPACT OF COVID-19 ON APAC
                       FIGURE 59 ANALYSIS OF APAC MARKET: PRE- VS. POST-COVID-19
             13.4.2 CHINA
                        13.4.2.1 China to be major market for ITS in APAC
                                      TABLE 183 ITS MARKET FOR ROADWAYS IN CHINA, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 184 ITS MARKET FOR ROADWAYS IN CHINA, BY SYSTEM, 2021–2026 (USD MILLION)
             13.4.3 JAPAN
                        13.4.3.1 Japan to hold first position in APAC ITS market
                                      TABLE 185 ITS MARKET FOR ROADWAYS IN JAPAN, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 186 ITS MARKET FOR ROADWAYS IN JAPAN, BY SYSTEM, 2021–2026 (USD MILLION)
             13.4.4 SOUTH KOREA
                        13.4.4.1 South Korea to be significant contributor to growth of ITS market in APAC
                                      TABLE 187 ITS MARKET FOR ROADWAYS IN SOUTH KOREA, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 188 ITS MARKET FOR ROADWAYS IN SOUTH KOREA, BY SYSTEM, 2021–2026 (USD MILLION)
             13.4.5 INDIA
                        13.4.5.1 Increasing investments in transportation sector to drive market growth
                                      TABLE 189 ITS MARKET FOR ROADWAYS IN INDIA, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 190 ITS MARKET FOR ROADWAYS IN INDIA, BY SYSTEM, 2021–2026 (USD MILLION)
             13.4.6 AUSTRALIA
                        13.4.6.1 Australia to register highest CAGR in APAC ITS market
                                      TABLE 191 ITS MARKET FOR ROADWAYS IN AUSTRALIA, BY SYSTEM, 2017–2020 (USD MILLION)
                                      TABLE 192 ITS MARKET FOR ROADWAYS IN AUSTRALIA, BY SYSTEM, 2021–2026 (USD MILLION)
             13.4.7 REST OF APAC
                       TABLE 193 ITS MARKET FOR ROADWAYS IN REST OF APAC, BY SYSTEM, 2017–2020 (USD MILLION)
                       TABLE 194 ITS MARKET FOR ROADWAYS IN REST OF APAC, BY SYSTEM, 2021–2026 (USD MILLION)
     13.5 REST OF WORLD (ROW)
             FIGURE 60 ITS MARKET SEGMENTATION: REST OF WORLD
             TABLE 195 ITS MARKET FOR ROADWAYS IN ROW, BY COUNTRY, 2017–2020 (USD MILLION)
             TABLE 196 ITS MARKET FOR ROADWAYS IN ROW, BY COUNTRY, 2021–2026 (USD MILLION)
             TABLE 197 ITS MARKET FOR ROADWAYS IN ROW, BY SYSTEM, 2017–2020 (USD MILLION)
             TABLE 198 ITS MARKET FOR ROADWAYS IN ROW, BY SYSTEM, 2021–2026 (USD MILLION)
             TABLE 199 ITS MARKET FOR ROADWAYS IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 200 ITS MARKET FOR ROADWAYS IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
             13.5.1 IMPACT OF COVID-19 ON ROW
                        FIGURE 61 ANALYSIS OF ROW MARKET: PRE- VS. POST-COVID-19
             13.5.2 SOUTH AMERICA
                        13.5.2.1 South America to be dominant market for ITS in RoW
                                     TABLE 201 ITS MARKET FOR ROADWAYS IN SOUTH AMERICA, BY SYSTEM, 2017–2020 (USD MILLION)
                                     TABLE 202 ITS MARKET FOR ROADWAYS IN SOUTH AMERICA, BY SYSTEM, 2021–2026 (USD MILLION)
             13.5.3 AFRICA
                        13.5.3.1 Traffic congestion and increasing pollution to fuel demand for ITS in Africa
                                     TABLE 203 ITS MARKET FOR ROADWAYS IN AFRICA, BY SYSTEM, 2017–2020 (USD MILLION)
                                     TABLE 204 ITS MARKET FOR ROADWAYS IN AFRICA, BY SYSTEM, 2021–2026 (USD MILLION)
             13.5.4 MIDDLE EAST
                        13.5.4.1 Middle East to record significant growth during forecast period
                                     TABLE 205 ITS MARKET FOR ROADWAYS IN MIDDLE EAST, BY SYSTEM, 2017–2020 (USD MILLION)
                                     TABLE 206 ITS MARKET FOR ROADWAYS IN MIDDLE EAST, BY SYSTEM, 2021–2026 (USD MILLION)

14 COMPETITIVE LANDSCAPE (Page No. - 215)
     14.1 INTRODUCTION
     14.2 KEY STRATEGIES/RIGHT TO WIN
             TABLE 207 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN ITS MARKET
     14.3 REVENUE ANALYSIS OF TOP PLAYERS
             FIGURE 62 TOP PLAYERS IN ITS MARKET, 2016–2020
     14.4 MARKET SHARE ANALYSIS OF KEY PLAYERS IN ITS MARKET IN 2020
             FIGURE 63 MARKET SHARE ANALYSIS OF KEY PLAYERS IN ITS MARKET IN 2020
             TABLE 208 ITS MARKET: DEGREE OF COMPETITION
             TABLE 209 ITS MARKET RANKING ANALYSIS, 2020
     14.5 COMPANY EVALUATION QUADRANT, 2020
             14.5.1 STAR
             14.5.2 EMERGING LEADER
             14.5.3 PERVASIVE
             14.5.4 PARTICIPANT
                       FIGURE 64 ITS MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020
     14.6 ITS MARKET: COMPANY FOOTPRINT
             TABLE 210 APPLICATION: COMPANY FOOTPRINT
             TABLE 211 REGION: COMPANY FOOTPRINT
             14.6.1 COMPANY FOOTPRINT
     14.7 STARTUP/SME EVALUATION QUADRANT, 2020
             14.7.1 PROGRESSIVE COMPANY
             14.7.2 RESPONSIVE COMPANY
             14.7.3 DYNAMIC COMPANY
             14.7.4 STARTING BLOCK
                        FIGURE 65 STARTUP/SME EVALUATION QUADRANT, 2020
     14.8 COMPETITIVE SITUATIONS AND TRENDS
             14.8.1 PRODUCT LAUNCHES
                        TABLE 212 PRODUCT LAUNCHES, 2019–2021
             14.8.2 DEALS
                        TABLE 213 DEALS, 2019–2021

15 COMPANY PROFILE (Page No. - 229)
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     15.1 INTRODUCTION
     15.2 KEY PLAYERS
             15.2.1 SIEMENS
                        TABLE 214 SIEMENS: BUSINESS OVERVIEW
                        FIGURE 66 SIEMENS: COMPANY SNAPSHOT
                        TABLE 215 SIEMENS: PRODUCT LAUNCHES
                        TABLE 216 SIEMENS: DEALS
             15.2.2 THALES GROUP
                        TABLE 217 THALES GROUP: BUSINESS OVERVIEW
                        FIGURE 67 THALES GROUP: COMPANY SNAPSHOT
                        TABLE 218 THALES GROUP: DEALS
             15.2.3 KAPSCH TRAFFICCOM
                        TABLE 219 KAPSCH TRAFFICCOM: BUSINESS OVERVIEW
                        FIGURE 68 KAPSCH TRAFFICCOM: COMPANY SNAPSHOT
                        TABLE 220 KAPSCH TRAFFICCOM: DEALS
             15.2.4 CUBIC CORPORATION
                        TABLE 221 CUBIC CORPORATION: BUSINESS OVERVIEW                       
                        FIGURE 69 CUBIC CORPORATION: COMPANY SNAPSHOT
                        TABLE 222 CUBIC CORPORATION: PRODUCT LAUNCHES
                        TABLE 223 CUBIC CORPORATION: DEALS
             15.2.5 CONDUENT, INC.
                        TABLE 224 CONDUENT, INC.: BUSINESS OVERVIEW
                        FIGURE 70 CONDUENT, INC.: COMPANY SNAPSHOT
                        TABLE 225 CONDUENT, INC.: DEALS
             15.2.6 GARMIN LTD.
                        TABLE 226 GARMIN LTD.: BUSINESS OVERVIEW
                        FIGURE 71 GARMIN LTD.: COMPANY SNAPSHOT
                        TABLE 227 GARMIN LTD.: PRODUCT LAUNCHES
                        TABLE 228 GARMIN LTD.: DEALS
             15.2.7 TOMTOM INTERNATIONAL BV
                        TABLE 229 TOMTOM INTERNATIONAL BV: BUSINESS OVERVIEW
                        FIGURE 72 TOMTOM INTERNATIONAL BV: COMPANY SNAPSHOT
                        TABLE 230 TOMTOM INTERNATIONAL BV: PRODUCT LAUNCHES
                        TABLE 231 TOMTOM INTERNATIONAL BV: DEALS
             15.2.8 TELEDYNE FLIR LLC
                        TABLE 232 TELEDYNE FLIR LLC: BUSINESS OVERVIEW
                        FIGURE 73 TELEDYNE FLIR LLC: COMPANY SNAPSHOT
                        TABLE 233 TELEDYNE FLIR LLC: PRODUCT LAUNCHES
                        TABLE 234 TELEDYNE FLIR LLC: DEALS
             15.2.9 INDRA SISTEMAS, S.A.
                        TABLE 235 INDRA SISTEMAS, S.A.: BUSINESS OVERVIEW
                        FIGURE 74 INDRA SISTEMAS, S.A.: COMPANY SNAPSHOT
                        TABLE 236 INDRA SISTEMAS, S.A.: PRODUCT LAUNCHES
                        TABLE 237 INDRA SISTEMAS, S.A.: DEALS
             15.2.10 DENSO CORPORATION
                        TABLE 238 DENSO CORPORATION: BUSINESS OVERVIEW
                        FIGURE 75 DENSO CORPORATION: COMPANY SNAPSHOT
                        TABLE 239 DENSO CORPORATION: DEALS
     15.3 OTHER KEYS PLAYERS
             15.3.1 Q-FREE ASA
             15.3.2 ITERIS, INC.
             15.3.3 DAKTRONICS
             15.3.4 SENSYS GATSO GROUP AB
             15.3.5 RICARDO
             15.3.6 REDFLEX HOLDINGS
             15.3.7 SWARCO
             15.3.8 TRANSCORE
             15.3.9 EFKON GMBH
             15.3.10 LANNER ELECTRONICS
             15.3.11 RETOOL
             15.3.12 TRANSMAX PTY LTD.
             15.3.13 CITILOG
             15.3.14 TELEGRA
             15.3.15 CELLINT

*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

16 APPENDIX (Page No. - 288)
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS
     16.1 DISCUSSION GUIDE
     16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     16.3 AVAILABLE CUSTOMIZATIONS
     16.4 RELATED REPORTS
     16.5 AUTHOR DETAILS

The study involved four major activities in estimating the size of the intelligent transportation system (ITS) market. Exhaustive secondary research was done to collect information on the market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market’s size. After that, market breakdown and data triangulation were used to determine the market sizes of segments and sub-segments.

Secondary Research

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 implemented to arrive at the overall size of the ITS market from the revenues of the key players in the market. Calculations based on the revenue of the key players identified in the market led to the overall market size.

  • Entities in the ITS value chain that influence the entire ITS industry have been identified.
  • All major companies offering ITS and related services have been analyzed.
  • The market for these ITS technologies, offering, and applications has been estimated. This estimation would help understand the demand generated by companies related to the ITS industry.
  • The developments of ITS by various companies have been tracked, and the ITS market, based on these developments and other critical parameters, has been projected.
  • Multiple discussions with key opinion leaders have been conducted to understand the types of contracts, services, products, and software deployed by players in the ITS market. This would help analyze the breakup of the scope of work carried out by each major ITS company.
  • The market estimates have been arrived at by studying application-specific ITS installations.
  • At every level, the estimate has been verified and cross-checked through discussions with key opinion leaders, which include CEOs, directors, and operations managers, and then finally with the domain experts in MarketsandMarkets.
  • This process also includes the study of various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases.

Intelligent Transportation System Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

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.

  • Initially, the research focuses on the top line investments and expenditures being made in the ecosystems. The further split is provided on the basis of new installations, upgrades of ITS products and solutions, and key developments in key market areas.
  • The information related to market revenue offered by key providers of ITS hardware, services, and software solutions has been built and developed.
  • Multiple on-field discussions with key opinion leaders have been carried out across all major companies involved in developing ITS hardware, service, and software.

The geographic splits have been estimated using secondary sources based on various factors such as the number of players in a specific country and region, types of components, levels of services offered, and types of software implemented.

Intelligent Transportation System Market Size, and Share

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, the data triangulation and market breakdown procedure has been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides. Along with this, the market has been validated using both top-down and bottom-up approaches.

Report Objectives:

  • To define, describe, segment, and forecast the global intelligent transportation system (ITS) market, by 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 Rest of the World (RoW), along with their respective countries, in terms of value
  • To forecast the ITS market for roadways, by offering, for cameras and sensors, in terms of volume
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the ITS market
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall 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 COVID-19 on the global ITS market, market segments, and market players in the 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 strategic approaches such as product launches/developments, contracts/collaborations/agreements/acquisitions.

Available Customizations:

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

  • Detailed analysis and profiling of additional market players based on various blocks of the supply chain
Intelligent Transportation System Market Size,  Share & Growth Report
Report Code
SE 2415
Published ON
Nov, 2021
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