Intelligent Transportation System Market 2027 Growth Trends, Share - Global Analysis and Forecasts

Intelligent Transportation System (ITS) Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by System, Components and Applications

Report Code: TIPTE100000134 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming
Intelligent transportation systems (ITS) is integrated application of information and communication technologies with an aim to provide highly efficient transportation related services and traffic management. In addition, ITS aids in improving the operational efficiency, enhancing road safety, maintaining sustainability of transportation networks and reducing traffic congestion. Various elements such as sensors, telematics, communication devices, and other data analysis applications form the integral components of an intelligent transportation system. Intelligent transportation system can be widely deployed in various applications as it makes use of parking availability system, collision avoidance system, and traffic enforcement camera among others.

The increasing number of vehicles leading to traffic congestion has contributed to the need of intelligent transportation system for advance traffic control measures, thereby, propelling the global ITS market. In addition, the global ITS market is bolstered as various governments across the world are framing specific programs and taking initiatives to implement ITS, owing to an alarming need of deploying an efficient transportation system. For instance, the U.S. Department of Transport (DOT) is focusing extensively upon manufacturing intelligent vehicles and deploying intelligent infrastructure. The U.S. DOT has started a Federal ITS program with an aim to make research initiatives, investigative study and support the deployment of the intelligent system through an organized investment. Furthermore, the implementation of ITS can contribute in significant pollution reduction, thereby, benefiting the environment.

The major factor hindering the global ITS market is the slow growth of intelligent infrastructure owing to high installation cost for monitoring and controlling devices. Another key factor restricting the global ITS market is the lack of standardization and interoperability between different types of transportation and telecom technologies. However, the introduction of smart vehicles enabled with intelligent transportation system is expected to provide better driving experience, and is thus expected to contribute significantly towards the growth of the global ITS market. Another factor analyzed to propel the growth of intelligent transportation systems is public private partnerships (PPP) for advanced traffic management. Also, initiatives such as vehicle to infrastructure (V2I) and vehicle to vehicle (V2V) communication are estimated to be key factors boosting the global intelligent transportation system market.

The intelligent transportation system market has been segmented on the basis of system into advanced traveler information system (ATIS), advanced public transportation system (APTS), advanced traffic management system (ATMS), advanced transportation pricing system (ATPS), commercial vehicle operation (CVO), and ITS-enabled transportation pricing system. Additionally, the intelligent transportation system market has been fragmented based on components such as interface board, sensors, surveillance camera, monitoring & detection systems, telecommunication network, and software among others. In addition, the intelligent transportation system market has been segmented based on applications, namely: traffic signal control system, traffic monitoring system, fleet management & asset monitoring system, parking availability system, traffic enforcement camera, collision avoidance system, and automotive telematics among others.

Geography, the global ITS market has been segmented into five regions as North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). Presently North America, followed by Europe, leads the global ITS market owing to increased investment in ITS solutions from both public and private domains. However, increasing investments to develop infrastructural facilities throughout Asia Pacific (APAC) (especially in nations such as China, Japan, and India) is expected to nurture exponential growth opportunities for the intelligent transportation system market during the forecast period.

Some of the key players operating within the global ITS market include Agero, Inc., Xerox Corporation, Lanner Electronics Incorporated, Nuance Communications, Inc., Denso Corporation, Q-Free ASA, Siemens AG, Hitachi, Ltd., WS Atkins PLC, EFKON AG, Iteris, Inc., Garmin Ltd., Telenav, Inc., TomTom International BV, Kapsch TrafficCom AG, Thales Group, TransCore, LP, Addco LLC, Agero, Inc., Ricardo plc, and Sensys Networks, Inc. among others.
1 Table of Contents
1.1 List of Tables
1.2 List of Figures

2 Introduction
2.1 TIP Research Report Guidance

3 Key Takeaways

4 Intelligent Transport System Market Landscape
4.1 Overview
4.2 Definitions
4.3 Value Chain Analysis

5 Intelligent Transport System Market - Key Industry Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends

6 Intelligent Transport System Market - Five Forces Analysis
6.1 Overview
6.2 Global Intelligent Transport System Market - Five Forces Analysis

7 Global Intelligent Transport System Market Analysis
7.1 Global Sales Revenue and Forecasts to 2027
7.2 Global Intelligent Transport System Market, Competitive Landscape
7.2.1 Market Share or Market Positioning of Key Players, 2014

8 Global Intelligent Transport System Market Revenue and Forecasts to 2027 - Systems
8.1 Overview
8.1.1 Segment Share (%), 2014 & 2025
8.2 Advanced Traveler Information System (ATIS)
8.3 Advanced Public Transportation System (APTS)
8.4 Advanced Traffic Management System (ATMS)
8.5 Advanced Transportation Pricing System (ATPS)
8.6 Commercial Vehicle Operation (CVO)
8.7 ITS-Enabled Transportation Pricing System

9 Global Intelligent Transport System Market Revenue and Forecasts to 2027 - Components
9.1 Overview
9.1.1 Segment Share (%), 2014 & 2025
9.2 Interface Board
9.3 Sensors
9.4 Surveillance Camera
9.5 Monitoring & Detection Systems
9.6 Telecommunication Network
9.7 Others (Software, etc.)

10 Global Intelligent Transport System Market Revenue and Forecasts to 2027 - Applications
10.1 Overview
10.1.1 Segment Share (%), 2014 & 2025
10.2 Traffic Signal Control System
10.3 Traffic Monitoring System
10.4 Fleet Management & Asset Monitoring System
10.5 Parking Availability System
10.6 Traffic Enforcement Camera
10.7 Collision Avoidance System
10.8 Others (Automotive Telematics, etc.)

11 Global Intelligent Transport System Market Revenue and Forecasts to 2027 - Geographical Analysis
11.1 Overview
11.1.1 Segment Share (%), 2014 & 2025
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 France
11.3.2 Germany
11.3.3 Italy
11.3.4 Spain
11.3.5 UK
11.3.6 Rest of Europe
11.4 Asia Pacific (APAC)
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 Rest of APAC
11.5 Middle East & Africa (MEA)
11.5.1 Saudi Arabia
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest of MEA
11.6 South America (SAM)
11.6.1 Brazil
11.6.2 Rest of SAM

12 Global Intelligent Transport System Market, Key Company Profiles
12.1 Agero, Inc.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Financial Overview
12.1.4 SWOT Analysis
12.1.5 Key Developments
12.2 Xerox Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Financial Overview
12.2.4 SWOT Analysis
12.2.5 Key Developments
12.3 Lanner Electronics Incorporated
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Financial Overview
12.3.4 SWOT Analysis
12.3.5 Key Developments
12.4 Nuance Communications, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
12.5 Denso Corporation
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Financial Overview
12.5.4 SWOT Analysis
12.5.5 Key Developments
12.6 Q-Free ASA
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Financial Overview
12.6.4 SWOT Analysis
12.6.5 Key Developments
12.7 Siemens AG
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Financial Overview
12.7.4 SWOT Analysis
12.7.5 Key Developments
12.8 Hitachi, Ltd.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
12.9 WS Atkins PLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Financial Overview
12.9.4 SWOT Analysis
12.9.5 Key Developments
12.10 EFKON AG
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Financial Overview
12.10.4 SWOT Analysis
12.10.5 Key Developments
12.11 Iteris, Inc.
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Financial Overview
12.11.4 SWOT Analysis
12.11.5 Key Developments
12.12 Garmin Ltd.
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Financial Overview
12.12.4 SWOT Analysis
12.12.5 Key Developments
12.13 Telenav, Inc.
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Financial Overview
12.13.4 SWOT Analysis
12.13.5 Key Developments
12.14 TomTom International BV
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Financial Overview
12.14.4 SWOT Analysis
12.14.5 Key Developments
12.15 Kapsch TrafficCom AG
12.15.1 Key Facts
12.15.2 Business Description
12.15.3 Financial Overview
12.15.4 SWOT Analysis
12.15.5 Key Developments
12.16 Thales Group
12.16.1 Key Facts
12.16.2 Business Description
12.16.3 Financial Overview
12.16.4 SWOT Analysis
12.16.5 Key Developments
12.17 TransCore, LP
12.17.1 Key Facts
12.17.2 Business Description
12.17.3 Financial Overview
12.17.4 SWOT Analysis
12.17.5 Key Developments
12.18 Addco LLC
12.18.1 Key Facts
12.18.2 Business Description
12.18.3 Financial Overview
12.18.4 SWOT Analysis
12.18.5 Key Developments
12.19 Agero, Inc.
12.19.1 Key Facts
12.19.2 Business Description
12.19.3 Financial Overview
12.19.4 SWOT Analysis
12.19.5 Key Developments
12.20 Ricardo plc
12.20.1 Key Facts
12.20.2 Business Description
12.20.3 Financial Overview
12.20.4 SWOT Analysis
12.20.5 Key Developments
12.21 Sensys Networks, Inc.
12.21.1 Key Facts
12.21.2 Business Description
12.21.3 Financial Overview
12.21.4 SWOT Analysis
12.21.5 Key Developments
13 Appendix
13.1 About TIP
13.2 Glossary of Terms
13.3 Methodology
13.3.5 Coverage
13.3.6 Secondary Research
13.3.7 Primary Research
13.4 Contact Us
13.5 Disclaimer
Companies Mentioned

- Agero, Inc.
- Xerox Corporation
- Lanner Electronics Incorporated
- Nuance Communications, Inc.
- Denso Corporation
- Q-Free ASA
- Siemens AG
- Hitachi, Ltd.
- WS Atkins PLC
- Iteris, Inc.
- Garmin Ltd.
- Telenav, Inc.
- TomTom International BV
- Kapsch TrafficCom AG
- Thales Group
- TransCore, LP
- Addco LLC
- Ricardo plc
- Sensys Networks, Inc.
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