Pulished Date February, 2020
ID: 9239
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Intelligent Transportation System (ITS) Market Segmentation by System (Advanced Traffic Management System, Cooperative Vehicle Systems, Advanced Transportation Pricing Systems, Advanced Public Transportation System, and Advanced Traveler Information System), by Application (Environment Protection, Public Transportation, Traffic Management, Road User Charging and Others), and Region - Size, Share, Development, Growth and Demand Forecast to 2025

Pulished: February, 2020
ID: 9239
Pages: 175

Intelligent Transportation System (ITS) Market Overview

The global Intelligent Transportation System (ITS) Market was valued at US$ 22.88 billion in 2019, and it is estimated to reach a valuation of US$ 30.65 billion by the end of 2025, rising at a compound annual growth rate of about 5.11% over the forecast period of 2020 to 2025.

Intelligent transport systems are advanced technologies applied to vehicles, infrastructure and operating systems that make vehicles smart. The demand for these systems is snowballing as this technology is used in a variety of industries other than transport and logistics. 

The global market for these intelligent transportation systems is mainly driven by the expanding adoption of several market giants in the developed economies to improve overall safety and security associated with the vehicles. However, the high initial costs are slightly holding the rapid development in this business expansion.

Intelligent Transportation System (ITS) Market Recent Developments 

In March 2016, the United States Department of Transportation (DOT) selected Siemens to provide the latest vehicle-to-infrastructure (V2I) technology for the connected vehicle pilot project.

In 2017, Huawei launched an intelligent bus transport solution in South Africa. This IoT-enabled service offers benefits such as accurate passenger tracking, video surveillance on the bus, real-time bus data, bus entertainment, and emergency communication services. The company also works with several partners in Africa to improve and promote the use of smart applications.

In October 2016, Denso Corporation, together with GRIDSMART Technologies, a provider of single-camera solutions for traffic management, introduced infrastructure communication between vehicles between the GRIDSMART single-camera intersection management system and its own wireless prototype 5.9GHz.

In January 2017, Los Angeles expanded LA Express Park, powered by an intelligent parking program, to expand LA Park by installing parking sensors. The application minimizes traffic congestion in the city and provides real-time information on the availability of parking spaces.

Intelligent Transportation System (ITS) Market Drivers 

The global intelligent transport systems market is expected to accelerate growth in the projection time as the adoption of smart transport systems increases to reduce traffic congestion problems and favorable government initiatives that promote the development of intelligent transport infrastructure. The need to present real-time traffic information to drivers and passengers is one of the key factors driving the demand. ITS combines several types of advanced communications and information technologies to form a system network that supports traffic management and changes the way users, businesses and governments handle transportation. Its objective is to provide advanced services to various modes of transport and traffic management solutions, such as intelligent parking assistance, vehicle management, smart traffic management, smart ticket issuance solutions, passenger information solutions, security services, and surveillance and mobility. 

Various government initiatives for the development of smart cities have led to the adoption of solutions to improve traffic connectivity. Another factor that drives the growth of the global intelligent transport systems market is the rapid adoption of IoT to transform the transport industry by automating roads, airways, waterways, and rail transport systems and providing better user experience. By adopting IoT solutions for smart cities and transportation, organizations can provide real-time visibility and accurate data to improve efficiency when developing smart cities.

Restraints

However, the main limitation of this market is the slow growth of infrastructure in developing countries around the world, mainly due to high installation costs. Another critical barrier for market growth is the lack of standards and interoperability between various modes of transport and technologies.

Intelligent Transportation System (ITS) Market Segmentation

According to the system, the category of Advanced Traffic Management System (ATMS) dominated the global intelligent transportation systems market. This is mainly due to a greater interest in people who want to minimize pollution levels and traffic congestion. These concerns and actions are likely to drive the demand for ATMS segment during the outlook period.

Of all applications, the environmental category is supposed to grow at the fastest rate in the global intelligent transportation systems market during the prediction period as the demand for ecological protection grows worldwide. Ozone, nitrogen, particles, and sulfur are some of the main substances that cause environmental pollution, which poses severe risks to human and animal health.

Intelligent Transportation System (ITS) Market Regional Analysis

North America intelligent transportation systems market dominates the global business. The Intelligent Transportation Society of America performs a variety of research and development activities in the field of ITS. The organization also actively participates in the construction of ITS to improve the land transportation system in the United States, and the US Department of Transportation works with private and public agencies around the world to encourage deployment and promote innovation to achieve the success of ITS technology. 

Asia Pacific intelligent transportation systems market is another promising area that is likely to witness exponential development in this business in the coming years. The increasing investments in emerging economies like India, China, etc., offers enormous growth potential for the expansion of the ITS market in this area in the forecast period.

Leading Company

Kapch TraffiCom is a leading provider and comprehensive solution for tolls, mobility in smart cities, connected vehicles, traffic management, and traffic safety.

Key Players

Major companies operating in the global Intelligent Transportation System (ITS) market include Bestmile SA, Advantech Co., Ltd., Clever Devices Ltd., EFKON AG, Denso Corporation, WS Atkins PLC, ETA Transit Systems, Hitachi Ltd., GMV Group, Kapch TraffiCom, Transmax Pty Ltd. and Xerox Corporation.

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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