Intelligent Transportation System Market by Type (ATIS, ATMS, ATPS), by Offering (Hardware, Software, Services), by Application (Freight Management, Public Transport), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America) – Global Forecast (2020 to 2027)

Intelligent Transportation System Market - Global Industry Analysis and Forecast 2020 to 2027

Intelligent Transportation System Market: Summary

The Global Intelligent Transportation System Market is projected to reach a value of over USD 48.7 billion by 2027 at a CAGR of around 15%.

The intelligent transportation system refers to an advanced application that helps to provides services to various mode of transport as well as traffic management. Also, it is combinations of leading edge information and communication technologies which is being used in transportation and traffic management system to enhance the efficiency, safety and sustainability of transportation network. Whereas, it is used to improve travel time, speed control, capacity management as well as for incident management.

Hence, the intelligent transportation system is majorly deployed in various applications such as in parking availability system, collision avoidance system, and traffic enforcement camera. These will lead to increase the demand of the market in the forecast period.

Intelligent Transportation System Market

Intelligent Transportation System Market: Drivers & Restraints

Market Driver:

  • Rising Traffic Jam

With the rising traffic jam is witness to boost the growth of the market in the forecast period. Whereas, the deployment of the intelligent transportation system will helps to offers a real time data which is used to improve the traffic jam problem. Also, it helps to provides electronic toll collection, emergency vehicle notification systems, speed alerts, variable speed limits, collision avoidance systems and automated road speed enforcement. Moreover, it also offers ramp metering to control the flow of vehicles which is combining on an expressway and co-ordination of traffic control.

Hence, ITS also helps the drivers to find out the shorter routes and traffic-free routes to enhance the mobility. Also, the collecting of the real-time traffic statistics benefit in controlling traffic signals. These may boost the demand of the intelligent transportation system market in the projected period.

Market Restraints:

  • High Installation Cost

One of the major key concern of the intelligent transportation system market is high costs of installation which may restraining factor for the growth of the market. Whereas, the deployment of the intelligence transportation system contain microwave detectors, dynamic message signs, cameras, highway advisory radio and various other which lead to need a high cost of investment.

Hence, the ongoing covid-19 pandemic also create a major challenges for the market growth as the manufacturing sector are majorly hampered with the lockdown as well as with the shortage of labor and raw material availability. This is projected to delay in ongoing transport project in various extent.

Intelligent Transportation System Market: Key Segments

  • Segmentation based on Type: Advanced Traveller Information Systems (ATIS), Advanced Traffic Management System (ATMS), Advanced Transportation Pricing Systems (ATPS) and Advanced Public Transportation System (APTS).
  • Segmentation based on Offering: Hardware, Software and Services.
  • Segmentation based on Application: Freight Management, Public Transport, Parking Management, Traffic Management, Road Safety and Security, Road Tolling Systems, Environment Protection and Automotive Telematics.
  • Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Intelligent Transportation System Market: Report Scope

The report on the intelligent transportation system market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million)

Segments Included

Type, Offering,  Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Siemens (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • THALES GROUP
  • Kapsch TrafficCom
  • TomTom International BV
  • Cubic Corporation
  • Cisco Systems, Inc.
  • FLIR Systems, Inc.
  • Indra Sistemas SA
  • EFKON GmbH
  • Q-Free ASA
  • Other Key Companies
    • DENSO CORPORATION
    • Iteris, Inc.
    • TransCore
    • Savari, Inc.
    • Lanner

Intelligent Transportation System Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Intelligent Transportation System Market, by Type

  • Advanced Traveller Information Systems (ATIS)
  • Advanced Traffic Management System (ATMS)
  • Advanced Transportation Pricing Systems (ATPS)
  • Advanced Public Transportation System (APTS)

Intelligent Transportation System Market, by Offering

  • Hardware
  • Software
  • Services

Intelligent Transportation System Market, by Application

  • Freight Management
  • Public Transport
  • Parking Management
  • Traffic Management
  • Road Safety and Security
  • Road Tolling Systems
  • Environment Protection
  • Automotive Telematics           

Intelligent Transportation System Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • Taiwan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Intelligent Transportation System Market  Providers
  • Intelligent Transportation System Market  Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Intelligent Transportation System Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE INTELLIGENT TRANSPORTATION SYSTEM MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growing Adoption of Ecofriendly Automobile Technology
      2. Rising Traffic Jam
      3. Growing Adoption of Internet of Thing (IoT)
    3. Restraint
      1. High Installation Cost
      2. Slow Growth of Infrastructure in Developing Countries
    4. Opportunities
      1. Rising Government Investment on Smart City Project
      2. Technological Advancements in Intelligent Transportation Systems
      3. Growing Development of Smart Vehicles
      4. Rising Investment in Railway Infrastructure
 
    1. Challenges
      1. COVID-19 Pandemic
      2. Increased Data Complexity Issues
  1. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  2. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET BY TYPE, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Advanced Traveller Information Systems (ATIS)
    3. Advanced Traffic Management System (ATMS)
    4. Advanced Transportation Pricing Systems (ATPS)
    5. Advanced Public Transportation System (APTS)
  3. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET BY OFFERING, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Hardware
    3. Software
    4. Services
  4. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET BY APPLICATION, Market Size in USD Million (2019-2027)
    1. Introduction
    2. Freight Management
    3. Public Transport
    4. Parking Management
    5. Traffic Management
    6. Road Safety and Security
    7. Road Tolling Systems
    8. Environment Protection
    9. Automotive Telematics
  5. GLOBAL INTELLIGENT TRANSPORTATION SYSTEM MARKET BY REGION, Market Size in USD Million (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    3. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. Taiwan
      5. South Korea
      6. Rest of Asia-Pacific
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  6. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  7. COMPANY PROFILES
    1. Siemens
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. THALES GROUP
    3. Kapsch TrafficCom
    4. TomTom International BV
    5. Cubic Corporation
    6. Cisco Systems, Inc.
    7. FLIR Systems, Inc.
    8. Indra Sistemas SA
    9. EFKON GmbH
    10. Q-Free ASA
    11. Other Key Companies
      1. DENSO CORPORATION
      2. Iteris, Inc.
      3. TransCore
      4. Savari, Inc.
      5. Lanner
  8. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : ICT 0100

Published : September, 2020


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