Intelligent Transportation System Market by Type (Emergency Medical System (EMS), Advanced Traveler Information System (ATIS), Advanced Transportation Pricing System (ATPS), Advanced Traffic Management System (ATMS), Advanced Public Transportation System (APTS)), Application, and Geography - Global Industry Analysis, Opportunities and Forecast up to 2029

Intelligent Transportation System Market Size

The intelligent transportation system market size was valued at $52.57 billion in 2023 and is projected to reach $88.17 billion by 2029, growing at a CAGR of 9.0% from 2023 to 2029.

Intelligent Transportation System Market Overview

An Intelligent Transportation System (ITS) refers to a comprehensive and interconnected framework that integrates advanced technologies and communication systems to enhance the efficiency, safety, and sustainability of transportation networks. ITS encompasses a wide range of applications, including traffic management, vehicle-to-infrastructure communication, real-time data collection and analysis, and automated transportation systems. By leveraging sensors, cameras, and communication devices, ITS enables the seamless flow of information between vehicles, infrastructure, and control centers, facilitating smarter decision-making for optimizing traffic flow, reducing congestion, improving road safety, and minimizing environmental impact. This sophisticated integration of technology aims to create a more intelligent and adaptive transportation ecosystem, ultimately contributing to enhanced mobility and a more sustainable and resilient urban infrastructure.

Market Dynamics:

Growth Drivers

• Increasing demand for cutting-edge transportation infrastructure.
• Growing trend of autonomous vehicles.

Constraints

• High cost of establishing ITS solutions.
• Lack of standardization in the implementation of ITS technologies.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Based on type, the market is bifurcated into the emergency medical system (EMS), advanced traveler information system (ATIS), advanced transportation pricing system (ATPS), advanced traffic management system (ATMS), and advanced public transportation system (APTS).

By application, the market is fragmented into automotive telematics, environment protection, freight management, parking management, public transport, road safety and security, road tolling systems, and traffic management.

List of the Key Players Profiled in the Report Includes:

• Siemens AG
• Kapsch TrafficCom
• TomTom International B.V.
• Cisco Systems, Inc.
• Garmin Ltd.
• Iteris, Inc.
• TransCore LP
• Q-Free ASA
• Cubic Corporation
• EFKON GmbH
• Thales Group

Market by, Geography:

The intelligent transportation system market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.

The report “Global Intelligent Transportation System Market: Industry Analysis, Opportunities and Forecast up to 2029” by Diligence Insights provides a detailed analysis of the present market and future outlook with market estimates and forecasts for all specified segments, encompassing both global and regional perspectives as outlined within the research framework. The study includes historical market data for the years 2021, 2022 and offers revenue estimations for 2023, and project forecasts spanning from 2024 to 2029. It places significant emphasis on the examination of market trends, key industry participants, supply chain developments, technological advancements, pivotal milestones, and prospective strategies. Comprehensive market assessments are carried out across major geographic regions, including North America, Europe, Asia Pacific, South America, and Middle East & Africa. As such, this report constitutes a valuable resource for current industry stakeholders, newcomers to the field, and potential investors.

The study offers an in-depth market analysis, drawing insights from industry experts across the value chain. A special focus has been made on 25 countries, including the United States, Canada, Mexico, the United Kingdom, Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, and South Africa, among others. The market data has been meticulously collected through extensive primary interviews and comprehensive secondary research. Market size determination is rooted in the revenue generated from sales across all the specified segments and sub-segments as defined within the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

What Can be Explored with this Research Report:

• Understand the key trends that will drive the market and the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.

Table Of Content

1 Market Introduction 
 1.1 Market Definition 
 1.2 Research Scope and Segmentation 
 1.3 Stakeholders 
 1.4 List of Abbreviations 
 
2 Executive Summary 
 
3 Research Methodology 
 3.1 Identification of Data 
 3.2 Evaluation of Market Dynamics 
 3.3 Collaboration of Data 
 3.4 Verification and Analysis 
 3.5 Research Approach 
 3.6 Data Sources and Assumptions 
 
4 Market Dynamics 
 4.1 Market Drivers 
 4.2 Market Restraints 
 4.3 Market Opportunities 
 4.4 Market Challenges 
 4.5 Impact of COVID-19 on the Intelligent Transportation System Market 
 
5 Porter's Five Force Analysis 
 5.1 Bargaining Power of Suppliers 
 5.2 Bargaining Power of Buyers 
 5.3 Threat of New Entrants 
 5.4 Threat of Substitutes 
 5.5 Competitive Rivalry in the Market 
 
6 Global Intelligent Transportation System Market by, Type 
 6.1 Overview 
 6.2 Emergency Medical System (EMS) 
 6.3 Advanced Traveler Information System (ATIS) 
 6.4 Advanced Transportation Pricing System (ATPS) 
 6.5 Advanced Traffic Management System (ATMS) 
 6.6 Advanced Public Transportation System (APTS) 
 
7 Global Intelligent Transportation System Market by, Application 
 7.1 Overview 
 7.2 Automotive Telematics 
 7.3 Environment Protection 
 7.4 Freight Management 
 7.5 Parking Management 
 7.6 Public Transport 
 7.7 Road Safety and Security 
 7.8 Road Tolling Systems 
 7.9 Traffic Management 
 
8 Global Intelligent Transportation System Market by, Geography 
 8.1 Overview 
 8.2 North America 
 8.2.1 US
 8.2.2 Canada
 8.2.3 Mexico
 8.3 Europe 
 8.3.1 Germany
 8.3.2 France
 8.3.3 UK
 8.3.4 Italy
 8.3.5 Spain
 8.3.6 Rest of Europe
 8.4 Asia Pacific 
 8.4.1 China
 8.4.2 Japan
 8.4.3 India
 8.4.4 South Korea
 8.4.5 Australia
 8.4.6 New Zealand
 8.4.7 Rest of Asia Pacific
 8.5 South America 
 8.5.1 Brazil
 8.5.2 Argentina
 8.5.3 Chile
 8.5.4 Rest of South America
 8.6 Middle East & Africa 
 8.6.1 UAE
 8.6.2 Saudi Arabia
 8.6.3 Qatar
 8.6.4 Iran
 8.6.5 South Africa
 8.6.6 Rest of Middle East & Africa
 
9 Key Developments 
 
10 Company Profiling 
 10.1 Siemens AG 
 10.1.1 Business Overview
 10.1.2 Product/Service Offering
 10.1.3 Financial Overview
 10.1.4 SWOT Analysis
 10.1.5 Key Activities
 10.2 Kapsch TrafficCom 
 10.3 TomTom International B.V. 
 10.4 Cisco Systems, Inc. 
 10.5 Garmin Ltd. 
 10.6 Iteris, Inc. 
 10.7 TransCore LP 
 10.8 Q-Free ASA 
 10.9 Cubic Corporation 
 10.10 EFKON GmbH 
 10.11 Thales Group