The global Intelligent Transportation System market is one of the fastest-growing markets in the world. The following report contains all the statistics and facts & figures related to the global Intelligent Transportation System market. Their business strategies, sales data, projections, and a host of other important data have been covered for an in-depth outlook. The report also has PEST analysis, SWOT analysis, risk analysis, and regional analysis. ADDCO, Agero Inc., Denso Corporation, EFKON GmbH, Hitachi Ltd., Garmin Ltd., Iteris Inc. and more - all the leading companies operating in the global Intelligent Transportation System market and their business strategies have been profiled in this research report.
Global Intelligent Transportation System Market is valued at approximately USD 26.5 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2020-2027. An intelligent transportation system (ITS) is a sophisticated technology that aims to offer advanced services relating to distinct modes of transport and traffic management solutions, such as smart parking assistance, fleet management, intelligent traffic management, and so on. These systems also enable the customers to be better informed about the traffic management and make safer, and more coordinated use of transport networks. ITS system involves its usage in road transport, as well as an effective metro/underground rail system. ITS entails the restoration of overall technological aspects, such as GPS, Dedicated Short Range Communication (DSRC), Carrier Access for Land Mobiles (CALM), many more. Therefore, this factor is anticipated to accelerate market growth around the world. Furthermore, the increasing number of smart cities projects in the developed & developing nations, along with the rapidly growing number of vehicles on the road are few other factors responsible for the market growth during the forecast period. For instance, as per the government insider, in 2018, there are 1000 smart city pilot projects around the world of which China is to home to 500 smart city pilot projects, covering large as well as small cities. Further, the country has invested USD 46.52 billion in 2017 for the development of pilot projects. This, in turn, is likely to accelerate the usage of intelligent transportation systems around the world. Recently, the COVID-19 is widely spread throughout the world, thus various regional governments are putting temporary restrictions on the movement of goods, services, and people to prevent the spread of novel coronavirus, and thus, causing supply disruptions and shortage of raw material. This is likely to inhibit the production and demand for intelligent transportation systems thereby the market would decline significantly at least in this year. However, the high installation & maintenance cost and increased data complexity issues are the major factors hindering the market growth over the forecast period of 2020-2027.
The regional analysis of the global Intelligent Transportation System market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high adoption of IoT sensors in an extensive range of road transport applications, along with the significant initiatives opt by the market vendors for promoting the use of ITS in the region. Whereas, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rapidly growing digitization in the field of the transportation infrastructure, along with the rise in the number of road crashes or fatalities would create lucrative growth prospects for the Intelligent Transportation System market across the Asia-Pacific region.
Major market players included in this report are:
ADDCO
Agero, Inc.
Denso Corporation
EFKON GmbH
Hitachi, Ltd.
Garmin Ltd.
Iteris, Inc.
Kapsch TrafficCom AG
Lanner Inc.
Nuance Communications
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Advanced Traveller Information System (ATIS)
Advanced Traffic Management Systems (ATMS)
Advanced Public Transportation System (APTS)
Advanced Transportation Pricing Systems (ATPS)
Emergency Management System (EMS)
By Application:
Traffic Management
Road Safety and Security
Public Transport
Environment Protection
Parking Management
Automotive Telematics
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Intelligent Transportation System Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
The market research report paints a clear picture of the global Intelligent Transportation System market by providing you with qualitative research and quantitative research based on which you can assess the market to make entry into the market, make investments, or make reports & presentations. Get in touch with Market Research Port for the most competitively priced report on the global Intelligent Transportation System market.
Chapter 1.Executive Summary
1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1.Intelligent Transportation System Market, by Region, 2018-2027 (USD Billion)
1.2.2.Intelligent Transportation System Market, by Type, 2018-2027 (USD Billion)
1.2.3.Intelligent Transportation System Market, by Application, 2018-2027 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption
Chapter 2.Global Intelligent Transportation System Market Definition and Scope
2.1.Objective of the Study
2.2.Market Definition & Scope
2.2.1.Scope of the Study
2.2.2.Industry Evolution
2.3.Years Considered for the Study
2.4.Currency Conversion Rates
Chapter 3.Global Intelligent Transportation System Market Dynamics
3.1.Intelligent Transportation System Market Impact Analysis (2018-2027)
3.1.1.Market Drivers
3.1.2.Market Challenges
3.1.3.Market Opportunities
Chapter 4.Global Intelligent Transportation System Market Industry Analysis
4.1.Porter’s 5 Force Model
4.1.1.Bargaining Power of Suppliers
4.1.2.Bargaining Power of Buyers
4.1.3.Threat of New Entrants
4.1.4.Threat of Substitutes
4.1.5.Competitive Rivalry
4.1.6.Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2.PEST Analysis
4.2.1.Political
4.2.2.Economical
4.2.3.Social
4.2.4.Technological
4.3.Investment Adoption Model
4.4.Analyst Recommendation & Conclusion
Chapter 5.Global Intelligent Transportation System Market, by Type
5.1.Market Snapshot
5.2.Global Intelligent Transportation System Market by Type, Performance - Potential Analysis
5.3.Global Intelligent Transportation System Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4.Intelligent Transportation System Market, Sub Segment Analysis
5.4.1.Advanced Traveler Information System (ATIS)
5.4.2.Advanced Traffic Management Systems (ATMS)
5.4.3.Advanced Public Transportation System (APTS)
5.4.4.Advanced Transportation Pricing Systems (ATPS)
5.4.5.Emergency Management System (EMS)
Chapter 6.Global Intelligent Transportation System Market, by Application
6.1.Market Snapshot
6.2.Global Intelligent Transportation System Market by Application, Performance - Potential Analysis
6.3.Global Intelligent Transportation System Market Estimates & Forecasts by Application 2017-2027 (USD Billion)
6.4.Intelligent Transportation System Market, Sub Segment Analysis
6.4.1.Traffic Management
6.4.2.Road Safety and Security
6.4.3.Public Transport
6.4.4.Environment Protection
6.4.5.Parking Management
6.4.6.Automotive Telematics
6.4.7.Others
Chapter 7.Global Intelligent Transportation System Market, Regional Analysis
7.1.Intelligent Transportation System Market, Regional Market Snapshot
7.2.North America Intelligent Transportation System Market
7.2.1.U.S. Intelligent Transportation System Market
7.2.1.1.Type breakdown estimates & forecasts, 2017-2027
7.2.1.2.Application breakdown estimates & forecasts, 2017-2027
7.2.2.Canada Intelligent Transportation System Market
7.3.Europe Intelligent Transportation System Market Snapshot
7.3.1.U.K. Intelligent Transportation System Market
7.3.2.Germany Intelligent Transportation System Market
7.3.3.France Intelligent Transportation System Market
7.3.4.Spain Intelligent Transportation System Market
7.3.5.Italy Intelligent Transportation System Market
7.3.6.Rest of Europe Intelligent Transportation System Market
7.4.Asia-Pacific Intelligent Transportation System Market Snapshot
7.4.1.China Intelligent Transportation System Market
7.4.2.India Intelligent Transportation System Market
7.4.3.Japan Intelligent Transportation System Market
7.4.4.Australia Intelligent Transportation System Market
7.4.5.South Korea Intelligent Transportation System Market
7.4.6.Rest of Asia Pacific Intelligent Transportation System Market
7.5.Latin America Intelligent Transportation System Market Snapshot
7.5.1.Brazil Intelligent Transportation System Market
7.5.2.Mexico Intelligent Transportation System Market
7.6.Rest of The World Intelligent Transportation System Market
Chapter 8.Competitive Intelligence
8.1.Top Market Strategies
8.2.Company Profiles
8.2.1.ADDCO
8.2.1.1.Key Information
8.2.1.2.Overview
8.2.1.3.Financial (Subject to Data Availability)
8.2.1.4.Product Summary
8.2.1.5.Recent Developments
8.2.2.Agero, Inc.
8.2.3.Denso Corporation
8.2.4.EFKON GmbH
8.2.5.Hitachi, Ltd.
8.2.6.Garmin Ltd.
8.2.7.Iteris, Inc.
8.2.8.Kapsch TrafficCom AG
8.2.9.Lanner Inc.
8.2.10.Nuance Communications
Chapter 9.Research Process
9.1.Research Process
9.1.1.Data Mining
9.1.2.Analysis
9.1.3.Market Estimation
9.1.4.Validation
9.1.5.Publishing
9.2.Research Attributes
9.3.Research Assumption
