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Press Release:

Global Intelligent Transport Systems Market to Reach US$ 63.8 Billion by 2027, Impelled by Growing Smart City Initiatives

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Intelligent Transport Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global intelligent transport systems market size reached US$ 37.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 63.8 Billion by 2027, exhibiting a growth rate (CAGR) of 9.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

The Intelligent Transport System (ITS) refers to a system that utilizes visual, analytical, control and communication technologies to manage different modes of on-road transportation efficiently. It is not only embedded within a vehicle but also in the infrastructure facilities to enhance on-road safety and achieve traffic efficiency by minimizing traffic problems. It uses various equipment such as ramp meters, electronic toll collectors, traffic light cameras, traffic-signal coordinators, transit signal systems and traveler-information systems.

The increasing number of smart cities, along with unprecedented population growth leading to widespread traffic congestion, are the key factors driving the market growth. The ITS significantly aids in the effective management of on-road traffic through Global Positioning System (GPS), Dedicated Short Range Communication (DSRC) and Carrier Access for Land Mobiles (CALM). Additionally, increasing occurrence of deaths due to road accidents have driven the demand for ITS across the globe. Advanced features such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication is creating a positive outlook for the market. These features provide real-time information to travelers about road conditions and construction zones, along with seat availability and timings of public modes of transport, thus enhancing the overall on-road safety and reducing the chances of fatalities while reducing the travel time. Moreover, increasing focus on research and development (R&D) in both the public and private sectors to incorporate more enhanced features is also contributing to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global intelligent transport systems market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on mode of transport, product, protocol, offering and application.

Breakup by Mode of Transport:

  • Roadways
  • Railways
  • Airways
     

Breakup by Product:

  • Network Management Systems
    • Advanced Traffic Management Systems (ATMS) 
    • Road User Charging, Congestion Charging, etc.
  • Freight and Commercial Systems
  • Public Transport Systems
  • Security and Crime Reduction Systems
  • Automotive and Infotainment Systems
  • Road Safety Systems
  • Communications Systems
     

Breakup by Protocol:

  • Short Range
    • Wave (IEEE 802.11)
    • Wpan (IEEE 802.15) 
  • Long Range
    • Wimax (IEEE 802.11)
    • Ofdm
  • IEEE 1512
  • Traffic Management Data Dictionary (TMDD)
  • Others
     

Breakup by Offering:

  • Hardware 
    • Interface Board
    • Sensor
    • Surveillance Camera
    • Telecommunication Network
    • Monitoring and Detection System
    • Others
  • Software
    • Visualization Software
    • Video Detection Management Software
    • Transit Management System
    • Others
  • Services
    • Business and Cloud Services
    • Support and Maintenance Services
       

Breakup by Application:

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

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Siemens AG, Thales Group, Garmin Ltd., Cubic Corporation, FLIR Systems, Lanner Electronics, DENSO Corporation, International Business Machines (IBM) Corporation, ADDCO Acquisition, LLC, TomTom N.V., Kapsch TrafficCom AG, Iteris, Inc., Q-Free ASA, Efkon GmbH, GeoToll , Inc., ElectricFeel AG, Doublemap, LLC, BestMile Sarl, Aptiv PLC (nuTonomy), etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Mode of Transport, Product, Protocol, Offering, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Siemens AG, Thales Group, Garmin Ltd., Cubic Corporation, FLIR Systems, Lanner Electronics, DENSO Corporation, International Business Machines (IBM) Corporation, ADDCO Acquisition, LLC, TomTom N.V., Kapsch TrafficCom AG, Iteris, Inc., Q-Free ASA, Efkon GmbH, GeoToll , Inc., ElectricFeel AG, Doublemap, LLC, BestMile Sarl and Aptiv PLC (nuTonomy)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Intelligent Transport Systems Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Mode of Transport
    5.5    Market Breakup by Product
    5.6    Market Breakup by Protocol
    5.7    Market Breakup by Offering
    5.8    Market Breakup by Application
    5.9    Market Breakup by Region
    5.10    Market Forecast
6   Market Breakup by Mode of Transport 
    6.1    Roadways 
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Railways 
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Airways 
        6.3.1    Market Trends
        6.3.2    Market Forecast
7   Market Breakup by Product 
    7.1    Network Management Systems 
        7.1.1    Market Trends 
        7.1.2    Market Breakup by Type
                 7.1.2.1   Advanced Traffic Management Systems (ATMS)
                 7.1.2.2   Road User Charging, Congestion Charging, etc.
        7.1.3    Market Forecast 
    7.2    Freight and Commercial Systems 
        7.2.1    Market Trends 
        7.2.2    Market Forecast 
    7.3    Public Transport Systems
        7.3.1    Market Trends 
        7.3.2    Market Forecast 
    7.4    Security and Crime Reduction Systems
        7.4.1    Market Trends 
        7.4.2    Market Forecast 
    7.5    Automotive and Infotainment Systems
        7.5.1    Market Trends 
        7.5.2    Market Forecast 
    7.6    Road Safety Systems
        7.6.1    Market Trends 
        7.6.2    Market Forecast 
    7.7    Communications Systems
        7.7.1    Market Trends 
        7.7.2    Market Forecast 
8   Market Breakup by Protocol 
    8.1    Short Range
        8.1.1    Market Trends 
        8.1.2    Market Breakup by Type
                 8.1.2.1   Wave (IEEE 802.11)
                 8.1.2.2   Wpan (IEEE 802.15)
        8.1.3    Market Forecast 
    8.2    Long Range
        8.2.1    Market Trends 
        8.2.2    Market Breakup by Type
                 8.2.2.1   Wimax (IEEE 802.11)
                 8.2.2.2   Ofdm
        8.2.3    Market Forecast 
    8.3    IEEE 1512
        8.3.1    Market Trends 
        8.3.2    Market Forecast 
    8.4    Traffic Management Data Dictionary (TMDD)
        8.4.1    Market Trends 
        8.4.2    Market Forecast 
    8.5    Others
        8.5.1    Market Trends 
        8.5.2    Market Forecast 
9   Market Breakup by Offering
    9.1    Hardware
        9.1.1    Market Trends 
        9.1.2    Market Breakup by Type
                 9.1.2.1   Interface Board
                 9.1.2.2   Sensor
                 9.1.2.3   Surveillance Camera
                 9.1.2.4   Telecommunication Network
                 9.1.2.5   Monitoring and Detection System
                 9.1.2.6   Others
        9.1.3    Market Forecast 
    9.2    Software
        9.2.1    Market Trends 
        9.2.2    Market Breakup by Type
                 9.2.2.1   Visualization Software
                 9.2.2.2   Video Detection Management Software
                 9.2.2.3   Transit Management System
                 9.2.2.4   Others
        9.2.3    Market Forecast 
    9.3    Services 
        9.3.1    Market Trends 
        9.3.2    Market Breakup by Type
                 9.3.2.1   Business and Cloud Services
                 9.3.2.2   Support and Maintenance Services
        9.3.3    Market Forecast 
10  Market Breakup by Application
    10.1    Fleet Management and Asset Monitoring
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Intelligent Traffic Control
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Collision Avoidance
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Parking Management
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Passenger Information Management
        10.5.1    Market Trends
        10.5.2    Market Forecast
    10.6    Ticketing Management
        10.6.1    Market Trends
        10.6.2    Market Forecast
    10.7    Emergency Vehicle Notification
        10.7.1    Market Trends
        10.7.2    Market Forecast
    10.8    Automotive Telematics
        10.8.1    Market Trends
        10.8.2    Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1    Market Trends
        11.1.2    Market Forecast
    11.2    Asia Pacific
        11.2.1    Market Trends
        11.2.2    Market Forecast
    11.3    Europe
        11.3.1    Market Trends
        11.3.2    Market Forecast
    11.4    Middle East and Africa
        11.4.1    Market Trends
        11.4.2    Market Forecast
    11.5    Latin America
        11.5.1    Market Trends
        11.5.2    Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis
    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Price Analysis
16  Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Siemens AG
        16.3.2    Thales Group
        16.3.3    Garmin Ltd.
        16.3.4    Cubic Corporation 
        16.3.5    FLIR Systems 
        16.3.6    Lanner Electronics
        16.3.7    DENSO Corporation
        16.3.8    International Business Machines (IBM) Corporation
        16.3.9    ADDCO Acquisition, LLC 
        16.3.10     TomTom N.V.
        16.3.11     Kapsch TrafficCom AG
        16.3.12     Iteris, Inc.
        16.3.13     Q-Free ASA
        16.3.14     Efkon GmbH
        16.3.15     GeoToll , Inc.
        16.3.16     ElectricFeel AG
        16.3.17     Doublemap, LLC
        16.3.18     BestMile Sarl
        16.3.19     Aptiv PLC (nuTonomy)

List of Figures

Figure 1: Global: Intelligent Transport Systems Market: Major Drivers and Challenges
Figure 2: Global: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Intelligent Transport Systems Market: Breakup by Mode of Transport (in %), 2021
Figure 4: Global: Intelligent Transport Systems Market: Breakup by Product (in %), 2021
Figure 5: Global: Intelligent Transport Systems Market: Breakup by Protocol (in %), 2021
Figure 6: Global: Intelligent Transport Systems Market: Breakup by Offering (in %), 2021
Figure 7: Global: Intelligent Transport Systems Market: Breakup by Application (in %), 2021
Figure 8: Global: Intelligent Transport Systems Market: Breakup by Region (in %), 2021
Figure 9: Global: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 10: Global: Intelligent Transport Systems Industry: SWOT Analysis
Figure 11: Global: Intelligent Transport Systems Industry: Value Chain Analysis
Figure 12: Global: Intelligent Transport Systems Industry: Porter’s Five Forces Analysis
Figure 13: Global: Intelligent Transport Systems (Roadways) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 14: Global: Intelligent Transport Systems (Roadways) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 15: Global: Intelligent Transport Systems (Railways) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 16: Global: Intelligent Transport Systems (Railways) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 17: Global: Intelligent Transport Systems (Airways) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 18: Global: Intelligent Transport Systems (Airways) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 19: Global: Intelligent Transport Systems (Network Management) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 20: Global: Intelligent Transport Systems (Network Management) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 21: Global: Intelligent Transport Systems (Freight and Commercial) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 22: Global: Intelligent Transport Systems (Freight and Commercial) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 23: Global: Intelligent Transport Systems (Public Transport) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 24: Global: Intelligent Transport Systems (Public Transport) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 25: Global: Intelligent Transport Systems (Security and Crime Reduction) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 26: Global: Intelligent Transport Systems (Security and Crime Reduction) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 27: Global: Intelligent Transport Systems (Automotive and Infotainment) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 28: Global: Intelligent Transport Systems (Automotive and Infotainment) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 29: Global: Intelligent Transport Systems (Road Safety) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 30: Global: Intelligent Transport Systems (Road Safety) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 31: Global: Intelligent Transport Systems (Communications) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 32: Global: Intelligent Transport Systems (Communications) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 33: Global: Intelligent Transport Systems (Short Range) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 34: Global: Intelligent Transport Systems (Short Range) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 35: Global: Intelligent Transport Systems (Long Range) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 36: Global: Intelligent Transport Systems (Long Range) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 37: Global: Intelligent Transport Systems (IEEE 1512) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 38: Global: Intelligent Transport Systems (IEEE 1512) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 39: Global: Intelligent Transport Systems (Traffic Management Data Dictionary) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 40: Global: Intelligent Transport Systems (Traffic Management Data Dictionary) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 41: Global: Intelligent Transport Systems (Other Protocols) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 42: Global: Intelligent Transport Systems (Other Protocols) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 43: Global: Intelligent Transport Systems (Hardware) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 44: Global: Intelligent Transport Systems (Hardware) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 45: Global: Intelligent Transport Systems (Software) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 46: Global: Intelligent Transport Systems (Software) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 47: Global: Intelligent Transport Systems (Services) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 48: Global: Intelligent Transport Systems (Services) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 49: Global: Intelligent Transport Systems (Fleet Management and Asset Monitoring) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 50: Global: Intelligent Transport Systems (Fleet Management and Asset Monitoring) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 51: Global: Intelligent Transport Systems (Intelligent Traffic Control) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 52: Global: Intelligent Transport Systems (Intelligent Traffic Control) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 53: Global: Intelligent Transport Systems (Collision Avoidance) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 54: Global: Intelligent Transport Systems (Collision Avoidance) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 55: Global: Intelligent Transport Systems (Parking Management) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 56: Global: Intelligent Transport Systems (Parking Management) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 57: Global: Intelligent Transport Systems (Passenger Information Management) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 58: Global: Intelligent Transport Systems (Passenger Information Management) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 59: Global: Intelligent Transport Systems (Ticketing Management) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 60: Global: Intelligent Transport Systems (Ticketing Management) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 61: Global: Intelligent Transport Systems (Emergency Vehicle Notification) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 62: Global: Intelligent Transport Systems (Emergency Vehicle Notification) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 63: Global: Intelligent Transport Systems (Automotive Telematics) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 64: Global: Intelligent Transport Systems (Automotive Telematics) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 65: North America: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2016 & 2021
Figure 66: North America: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 67: Asia Pacific: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2016 & 2021
Figure 68: Asia Pacific: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 69: Europe: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2016 & 2021
Figure 70: Europe: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 71: Middle East and Africa: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2016 & 2021
Figure 72: Middle East and Africa: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 73: Latin America: Intelligent Transport Systems Market: Sales Value (in Billion US$), 2016 & 2021
Figure 74: Latin America: Intelligent Transport Systems Market Forecast: Sales Value (in Billion US$), 2022-2027

List of Tables

Table 1: Global: Intelligent Transport Systems Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Intelligent Transport Systems Market Forecast: Breakup by Mode of Transport (in Billion US$), 2022-2027
Table 3: Global: Intelligent Transport Systems Market Forecast: Breakup by Product (in Billion US$), 2022-2027
Table 4: Global: Intelligent Transport Systems Market Forecast: Breakup by Protocol (in Billion US$), 2022-2027
Table 5: Global: Intelligent Transport Systems Market Forecast: Breakup by Offering (in Billion US$), 2022-2027
Table 6: Global: Intelligent Transport Systems Market Forecast: Breakup by Application (in Billion US$), 2022-2027
Table 7: Global: Intelligent Transport Systems Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 8: Global: Intelligent Transport Systems Market Structure
Table 9: Global: Intelligent Transport Systems Market: Key Players


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Key Questions Answered in This Report

The global intelligent transport systems market was valued at US$ 37.1 Billion in 2021.

We expect the global intelligent transport systems market to exhibit a CAGR of 9.4% during 2022-2027.

 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in minimal traffic congestion and unavailability of public modes of transport, thereby negatively impacting the global market for intelligent transport systems.

The rising occurrence of deaths due to road accidents, the growing number of smart city projects, and the increasing demand for effective management of on-road traffic through numerous technologies, such as GPS, DSRC, CALM, etc., are primarily driving the global intelligent transport systems market.

Based on the mode of transport, the global intelligent transport systems market has been segmented into roadways, railways, and airways. Currently, roadways hold the majority of the total market share.

Based on the product, the global intelligent transport systems market can be categorized into network management systems, freight and commercial systems, public transport systems, security and crime reduction systems, automotive and infotainment systems, road safety systems, and communications systems. Among these, network management systems account for the largest market share.

Based on the offering, the global intelligent transport systems market has been divided into hardware, software, and services, where hardware currently exhibits a clear dominance in the market.

Based on the application, the global intelligent transport systems market can be bifurcated into fleet management and asset monitoring, intelligent traffic control, collision avoidance, parking management, passenger information management, ticketing management, emergency vehicle notification, and automotive telematics. Currently, intelligent traffic control holds the majority of the global market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America, where North America currently dominates the global market.

 

Some of the major players in the global intelligent transport systems market include Siemens AG, Thales Group, Garmin Ltd., Cubic Corporation, FLIR Systems, Lanner Electronics, DENSO Corporation, International Business Machines (IBM) Corporation, ADDCO Acquisition, LLC, TomTom N.V., Kapsch TrafficCom AG, Iteris, Inc., Q-Free ASA, Efkon GmbH, GeoToll , Inc., ElectricFeel AG, Doublemap, LLC, BestMile Sarl, Aptiv PLC (nuTonomy), etc.

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