Market Analysis and Insights: Global Intelligent Transportation System (ITS) Market
An intelligent transportation system (ITS) is an advanced application which, without embodying intelligence as such, aims to provide innovative services relating to different modes of transport and traffic management and enable users to be better informed and make safer, more coordinated, and 'smarter' use of transport networks.
The global Intelligent Transportation System (ITS) market size is projected to reach US$ 1610.8 million by 2028, from US$ 901.4 million in 2021, at a CAGR of 8.2% during 2022-2028.
On the basis of application, the intelligent traffic control application held the largest share in 2017. This involves a much closer interaction between all of its constituents: drivers, pedestrians, public transportation, and traffic management systems. Adaptive signal systems, driver advisory and route planning, and automated vehicles are some of the goals set up to increase the efficiency of actual systems.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Intelligent Transportation System (ITS) market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Intelligent Transportation System (ITS) market in terms of revenue.
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Global Intelligent Transportation System (ITS) Scope and Market Size
Intelligent Transportation System (ITS) market is segmented by players, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Intelligent Transportation System (ITS) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Advanced Traffic Management System
Advanced Traveler Information System
ITS-Enabled Transportation Pricing System
Advanced Public Transportation System
Commercial Vehicle Operation
Segment by Application
Fleet Management and Asset Monitoring
Intelligent Traffic Control
Collision Avoidance
Parking Management
Passenger Information Management
Ticketing Management
Emergency Vehicle Notification
Automotive Telematics
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Thales
Siemens
Garmin
Kapsch Trafficcom
Tomtom International
Cubic
Q-Free
Efkon
Flir Systems
Denso
Geotoll
Electricfeel
Doublemap
Bestmile
Nutonomy