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Pulished Date February, 2020
ID: 9239
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Intelligent Transportation System Market segmentation By Offering (Hardware, Software, Services), By System (Advanced Traffic Management System, Advanced Traveller Information System, ITS-Enabled Transportation Pricing System, Advanced Public Transportation System, Commercial Vehicle Operation), By Application (Fleet Management And Asset Monitoring, Intelligent Traffic Control, Collision Avoidance, Parking Management, Passenger Information Management, Ticketing Management, Emergency Vehicle Notification, Automotive Telematics) - Industry Analysis, Size, Share, Growth, Trends and Forecast 2020-2025.

Pulished: February, 2020
ID: 9239
Pages: 175

Market Overview:

The global intelligent transportation system market is determined to value at US$ 70 Bn by 2027, progressing at a CAGR of over 13% during the evaluated period.

Intelligent Transportation System (ITS) includes the patch up of generally speaking innovative angles, for example, GPS, Carrier Access for Land Mobiles (CALM), Dedicated Short Range Communication (DSRC) and so on. ITS framework comprises both, street transport and a productive metro/underground rail framework. All around, the concerned government divisions comprehend the significance of actualizing a proficient ITS framework, which is a significant driving component for the market development. In this manner, these departments are defining explicit projects and taking activities to actualize the framework.

The intelligent transportation framework market is likely to display a quickened development over the conjecture timetable because of an expansion in the selection of smart transport frameworks to diminish traffic blockage issues and good government activities that will encourage the improvement of smart transport foundation. ITS consolidates different sorts of cutting edge communications and data innovations to frame a system of frameworks that help with overseeing traffic and change the way clients, organizations, and governments manage transportation. It is planned for offering propelled types of assistance to different transportation modes and traffic management arrangements, for example, savvy parking assistance, fleet management, intelligent traffic management, smart ticketing arrangements, traveler data arrangement, security and observation, and mobility services. Different government activities for smart city improvement have likewise set off the selection of solutions to upgrade transport connectivity.

Recent Developments:

  • DENSO will include a space with just 1 lux of light, or supposed "moonlight darkness," in which guests can encounter the exhibition of DENSO image sensors and millimeter wave radars utilizing projections and minicars.
  • Lanner has devoted itself in providing the all-in-one, tough vehicle/rail PC conveyed in different travel bus, fleet truck and rolling stock settings. These rugged PCs are explicitly planned as in-vehicle/rail entryway for armada management, in-vehicle NVR/DVR for portable observation and rail correspondence platform for train control, monitoring and infotainment.
  • To help improve traffic stream, Lanner will exhibit its full intelligent traffic management frameworks and strong in-vehicle processing item line-up. There will be finished scope of rugged IPCs intended for wayside control, high-intermediate portable surveillance, and rolling stock correspondences.

Drivers and Restraints of Intelligent Transportation System Market:

Drivers:

Changing customary urban areas into smart urban communities by conveying cutting edge technologies in all the potential segments, for example, industrial, transport, and medicinal services is fundamentally affecting the global ITS market. In savvy urban communities, giving powerful, minimal effort, and energy proficient vehicle services is a fundamental factor that is probably going to characterize its viability. In this way, the idea of ITSs has been proposed and praised as a creative and promising solution for the up and coming age of transport systems. Moreover, the usage of ITS over the vehicle foundation of a smart city is relied upon to quicken the development and advancement of a locale as it is equipped for dealing with the proficient movement of individuals, products, and services all through the city. ITS related with consistent highlights, for example, public transportation management, accessibility of route data, security and vehicle control, electronic timetable and electronic payment framework and acknowledgment of single toll card, is probably going to drive its development and quicken its adoption all through the gauge time frame.

Restraints:

In any case, the significant limitation for the market growth is the moderate development of infrastructure, particularly in the emerging locales of the world because of the significant expense of establishment. Another key limitation for the boom of the market is the absence of measures and unimportant interoperability between the different methods of transport and advancements.

Market Segmentation:

By Offering:

  • Hardware
  • Software
  • Services  

The hardware intelligent transportation framework market is relied upon to hold a larger part of this market share in 2025. The hardware portion for the most part contains different sensors, indicators, cameras, and telecom systems to assemble data identified with the vehicle and its surroundings. The utilization of IoT sensors and propelled communication advancements empower the real-time assortment and preparing of information to help traffic experts in taking educated choices about dealing with the traffic. The execution of these gadgets to help the shrewd vehicle infrastructure is relied upon to quicken the interest for hardware parts.

By System:

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

In the roadways ITS market, the ATIS section is relied upon to show the most elevated development pace of over 6% from 2019 to 2025. These frameworks give continuous data to travelers with respect to course direction, traffic guideline, security and solutions warning and advisory messages. As these frameworks depend on continuous data to give up-to-date and exact data to suburbanites, the interest for these frameworks will rise.

Deployment of ATMS in urban street systems improves the effectiveness of traffic stream on street. ATMS lessens the weight on transportation specialists and governments by decreasing fundamental ventures required in street network extensions for blockage control. This advantage fills the interest for traffic management arrangements over the world. Aggressive interest for traffic management arrangements is normal in developing nations, for example, India, China, and Brazil, because of quickly developing blockage issue in significant urban communities in these nations.

By Application:

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

An Intelligent traffic control application includes a lot nearer collaboration between all of its segments: drivers, walkers, public transportation, and traffic management frameworks. Versatile signal frameworks, driver warning, course planning, and mechanized vehicles are a portion of the objectives set up to expand the productivity of actual frameworks.

Intelligent Transportation System Market Region wise analysis:

Marked Segmentation based on the region:

  1. North America
    1. U.S
    2. Canada
  2. Europe
    1. Norway
    2. Germany
    3. Sweden
  3. Asia Pacific
    1. China
    2. India
    3. Japan
  4. Latin America
    1. Brazil
    2. Mexico
    3. Argentina
  5. Middle East and Africa

a. Middle East

b. Africa

North America leads the global intelligent transportation framework market. Solid government support, investigation activities, and public private associations planned for improving the transportation network are key components driving the regional intelligent transportation system market.

Key Players of Market:

Some of the major players reported in this market include Affiliated Computer Services, Inc., Denso Corporation, Agero, Inc., Addco LLC, Lanner Electronics, Inc., Nuance Communications, Inc., Ricardo Plc, Sensys Networks, Inc., Telenav, Inc., Efkon AG and Thales Group.

1. Introduction                                

               1.1 Market Definition                    

               1.2 Scope of the report                

               1.3 Study Assumptions                  

               1.4 Base Currency, Base Year and Forecast Periods                         

2. Research Methodology                                          

               2.1 Analysis Design                        

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Data Modelling      

                              2.2.4 Expert Validation  

               2.3 Study Timeline                         

3. Report Overview                                       

               3.1 Executive Summary                

               3.2 Key Inferencees                       

4. Market Dynamics                                     

               4.1 Impact Analysis                        

                              4.1.1 Drivers      

                              4.1.2 Restaints  

                              4.1.3 Opportunities         

               4.2 Regulatory Environment                      

               4.3 Technology Timeline & Recent Trends                           

5. Competitor Benchmarking Analysis                                   

               5.1 Key Player Benchmarking                     

                              5.1.1 Market share analysis        

                              5.1.2 Products/Service   

                              5.1.3 Regional Presence

               5.2 Mergers & Acquistion Landscape                     

               5.3 Joint Ventures & Collaborations                       

6. Market Segmentation                                            

               6.1 Intelligent Transportation System (ITS) Market, By System                    

                              6.1.1 Advanced Traffic Management System       

                              6.1.2 Cooperative Vehicle Systems           

                              6.1.3 Advanced Transportation Pricing Systems  

                              6.1.4 Advanced Public Transportation System     

                              6.1.5 Advanced Traveler Information System       

                              6.1.6 Market Size Estimations & Forecasts (2019-2024)   

                              6.1.7 Y-o-Y Growth Rate Analysis              

                              6.1.8 Market Attractiveness Index           

               6.2 Intelligent Transportation System (ITS) Market, By Application                            

                              6.2.1 Environment Protection    

                              6.2.2 Public Transportation         

                              6.2.3 Traffic Management           

                              6.2.4 Road User Charging            

                              6.2.5 Market Size Estimations & Forecasts (2019-2024)   

                              6.2.6 Y-o-Y Growth Rate Analysis              

                              6.2.7 Market Attractiveness Index           

7. Geographical Landscape                                        

               7.1 Global Identity Governance and Administration Market, by Region                   

               7.2 North America - Market Analysis (2018 - 2024)                          

                              7.2.1 By Country              

                                             7.2.1.1 USA

                                             7.2.1.2 Canada

                              7.2.2 By System

                              7.2.3 By Application        

               7.3 Europe                        

                              7.3.1 By Country              

                                             7.3.1.1 UK

                                             7.3.1.2 France

                                             7.3.1.3 Germany

                                             7.3.1.4 Spain

                                             7.3.1.5 Italy

                                             7.3.1.6 Rest of Europe

                              7.3.2 By System

                              7.3.3 By Application        

               7.4 Asia Pacific                 

                              7.4.1 By Country              

                                             7.4.1.1 China

                                             7.4.1.2 India

                                             7.4.1.3 Japan

                                             7.4.1.4 South Korea

                                             7.4.1.5 South East Asia

                                             7.4.1.6 Australia & NZ

                                             7.4.1.7 Rest of Asia-Pacific

                              7.4.2 By System

                              7.4.3 By Application        

               7.5 Latin America                           

                              7.5.1 By Country              

                                             7.5.1.1 Brazil

                                             7.5.1.2 Argentina

                                             7.5.1.3 Mexico

                                             7.5.1.4 Rest of Latin America

                              7.5.2 By System

                              7.5.3 By Application        

               7.6 Middle East and Africa                         

                              7.6.1 By Country              

                                             7.6.1.1 Middle East

                                             7.6.1.2 Africa

                              7.6.2 By System

                              7.6.3 By Application        

8. Key Player Analysis                                   

               8.1 Denso Corporation                 

                              8.1.1 Business Description           

                              8.1.2 Products/Service   

                              8.1.3 Financials 

                              8.1.4 SWOT Analysis       

                              8.1.5 Recent Developments        

                              8.1.6 Analyst Overview  

               8.2 Kapch TraffiCom                     

               8.3 Bestmile SA               

               8.4 Advantech Co., Ltd                 

               8.5 Clever Devices Ltd                  

               8.6 EFKON AG                  

               8.7 WS Atkins PLC                          

               8.8 ETA Transit Systems               

               8.9 Hitachi Ltd                 

               8.10 Xerox Corporation                

9. Market Outlook & Investment Opportunities                                 

Appendix                                          

               List of Tables                    

               List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of  by propulsion, by charging station, by  power output, by installation along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis, and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Intelligent Transportation System (ITS) Market By Region, From 2020-2025 ( USD Billion )
  2. Global Intelligent Transportation System (ITS) Market By System, From 2020-2025 ( USD Billion )
  3. Global Advanced Traffic Management System Market By Region, From 2020-2025 ( USD Billion )
  4. Global Cooperative Vehicle Systems Market By Region, From 2020-2025 ( USD Billion )
  5. Global Advanced Transportation Pricing Systems Market By Region, From 2020-2025 ( USD Billion )
  6. Global Advanced Public Transportation System Market By Region, From 2020-2025 ( USD Billion )
  7. Global Advanced Traveler Information System Market By Region, From 2020-2025 ( USD Billion )
  8. Global Intelligent Transportation System (ITS) Market By Application, From 2020-2025 ( USD Billion )
  9. Global Environment Protection Market By Region, From 2020-2025 ( USD Billion )
  10. Global Public Transportation Market By Region, From 2020-2025 ( USD Billion )
  11. Global Traffic Management Market By Region, From 2020-2025 ( USD Billion )
  12. Global Road User Charging Market By Region, From 2020-2025 ( USD Billion )

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