Global Intelligent Transportation System Market Overview
Introduction:
Intelligent transportation system market is combination of electronics, telecommunications and information technology, control systems, and sensors and actuators in order to improve operating capabilities of transportation system and to improve mobility, safety, and efficiency. The Intelligent Transportation System Market accounted for US$ 55.8 billion in 2024 and is estimated to be US$ 122.5 billion by 2034 and is anticipated to register a CAGR of 8.2%.
Global Intelligent Transportation System Market Dynamics
Rising the demand of Intelligent Transportation System
Increasing concerns regarding to public safety, coupled with growing traffic congestion problem are factors driving growth of the intelligent transportation system market. In addition, rising concerns toward protecting environment with eco-friendly automobile technology is expected to fuel growth of the target market in the near future. Furthermore growing investment by governments in development and deployment of intelligent transportation systems is another factor propelling growth of the intelligent transportation system market. However, high capital investments and high installation and maintenance costs are factors that hinder growth of the intelligent transportation system market.
Global Intelligent Transportation System Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
intelligent transportation system market has been segmented on the basis of type, application, and region.
On the basis of type, the target market is divided into advanced traffic management system (ATMS), advanced traveler information system (ATIS), ITS-enable transportation pricing system, advanced public transportation system (APTS), and commercial vehicle operation (CVO). On the basis of application, the intelligent transportation system market is categorized into fleet management and asset monitoring system, collision avoidance system, traffic management, parking management system, ticketing management system, emergency vehicle notification system, and road safety and security.
Regional Insights:
The intelligent transportation system market accounted for US$ 55.8 billion in 2024 and is estimated to be US$ 122.5 billion by 2034 and is anticipated to register a CAGR of 8.2%.On the basis of region, the intelligent transportation system market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
The market in North America is expected to account for major revenue share as compared to that of other regions. This can be attributed to increasing adoption of smart parking management and advanced public transport systems and presence of major market players in countries of the region. Also, the market in Europe is expected to account for second-highest revenue share in the intelligent transportation system market, followed by the market in Asia Pacific. Moreover, the market in Asia Pacific is projected to witness significant growth over the forecast period.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD billion & CAGR from 2024 – 2034 |
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Market Segmentation |
By Types- Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), ITS-Enable Transportation Pricing System, Advanced Public Transportation System (APTS), and Commercial Vehicle Operation (CVO) By Application– Fleet Management and Asset Monitoring System, Collision Avoidance System, Traffic Management, Parking Management System, Ticketing Management System, Emergency Vehicle Notification System, and Road Safety and Security. |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the intelligent transportation system market report based on types, application, and region.
Intelligent Transportation System Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Intelligent Transportation System Market Key Players
The Key players operating in the global intelligent transportation system market includes Thales S.A., Siemens Corporation, Garmin Ltd, Kapsch TrafficCom AG, TomTom N.V., Cubic Corporation, Q-Free ASA, EFKON AG, FLIR Systems, Inc., DENSO Corporation, Hitachi, Ltd., and Nuance Communications Incorporation.
Global Intelligent Transportation System Market Company Profile
- Thales S.A
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Siemens Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Garmin Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Kapsch TrafficCom AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- TomTom N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Cubic Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Q-Free ASA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- EFKON AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- FLIR Systems, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- DENSO Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Hitachi, Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Nuance Communications Incorporation.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
Global Intelligent Transportation System Market Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Recent Approvals
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
- Market Dynamics
- Global Intelligent Transportation System Market, By Type, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 — 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Advanced Traffic Management System (ATMS)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Advanced Traveler Information System (ATIS)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- ITS-Enable Transportation Pricing System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Advanced Public Transportation System (APTS)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Commercial Vehicle Operation (CVO)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Intelligent Transportation System Market, By Application, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 — 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Segment Trends
- Fleet Management and Asset Monitoring System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Collision Avoidance System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Traffic Management
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Parking Management System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Ticketing Management System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Emergency Vehicle Notification System
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Road Safety and Security
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2024 – 2034
- Overview
- Global Intelligent Transportation System Market, By Region, 2024 – 2034, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2024 — 2034
- Y-o-Y Growth Analysis (%), 2024 – 2034
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Germany
- UK
- France
- Russia
- Italy
- Switzerland
- Sweden
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- China
- India
- Australia & New Zealand
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- Brazil
- Mexico
- Argentina and Chile
- Rest of Latin America
- Middle East
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast (US$ Bn), By Type, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Application, 2024 – 2034
- Market Size and Forecast (US$ Bn), By Country, 2024 – 2034
- South Africa
- Central Africa
- North Africa
- Overview
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Thales S.A
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Siemens Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Garmin Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Kapsch TrafficCom AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- TomTom N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Cubic Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Q-Free ASA
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- EFKON AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- FLIR Systems, Inc
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- DENSO Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Hitachi, Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Nuance Communications Incorporation.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Business Strategy
- Thales S.A
- Analyst Views
- Section
- Research Methodology
- About Us
- Contact
FAQs
The Intelligent Transportation System market is segmented into basis of type, application, and region.
The intelligent transportation system market is expected to register moderate growth over the forecast period. This is attributed to increasing concerns regarding to public safety, coupled with growing traffic congestion problem and rising concerns toward protecting environment with eco-friendly automobile technology.
By region, North America internet of things microcontroller market accounted for major revenue share of the global internet of things microcontroller market and is further anticipated to maintain its dominance over the forecast period.
The Key players operating in the Intelligent Transportation System market include Thales S.A., Siemens Corporation, Garmin Ltd, Kapsch TrafficCom AG, KPIT, TomTom N.V., Cubic Corporation, Q-Free ASA, EFKON AG, FLIR Systems, Inc., DENSO Corporation, Hitachi, Ltd., and Nuance Communications Incorporation.