Intelligent Transportation System (ITS) Market
Intelligent Transportation System (ITS) Market by System Type (Advanced Public Transportation System, Advanced Traveler Information System, Advanced Traffic Management System, Commercial Vehicle Operation and ITS Enabled Transportation Pricing System), and by Application - Industry Size, Share, Global Trends, Competitive Analysis and Forecast, 2019 to 2025 Update Available - Forecast 2024-2030
Intelligent Transportation System (ITS) is a software which aids in analyzing, controlling, detecting, and communicating with ground-level transport in order to improve safety, efficiency, and mobility. It includes a broad range of applications that help in sharing and processing information to ease congestion, minimize the impact on the environment and improve traffic management which increases the benefits of business users and the general public. In addition, it is a part of the Internet of Things that includes Vehicle-to-Infrastructure (V2I) and Vehicle-to-Vehicle (V2V) technology which incorporates both wireline and wireless communication-based information. The global ITS market is segmented on the basis of system type, and application. On the basis of system type, the market is sub-segmented into the advanced public transportation system, advanced traveler information system, advanced traffic management system, commercial vehicle operation, and ITS enabled transportation pricing system.
Furthermore, ITS has a significant impact on transportation management such as traffic-signal coordination, traffic light cameras, electronic toll collection, transit signal priority, and traveler information systems. Moreover, growing concerns related to public safety and favorable initiatives taken by the government for effective traffic management are some of the factors which drive the ITS market. However, high costs associated with the installation of ITS is one of the factors which hinders market growth. The global ITS market is further expected to grow attributed to the implementation of various heterogeneous devices such as cameras, intelligent traffic management systems and sensors across the ITS infrastructure.
Geographically, the market is segmented on the basis of major regions including North America, Europe, Asia-pacific and Rest of the world (RoW). North American is expected to have significant market value in the global ITS market due to availability of advanced infrastructure and increasing adoption of IoT sensor in various road transport applications such as smart parking, car navigation, and traffic management. For instance, in January 2017, Los Angeles installed a parking system to expand LA Express Park which is an application powered by the smart parking program to cover the city. This app will help in minimizing city traffic by providing real-time information to drivers about the availability of parking spaces. There are various companies operating in ITS market including FLIR Systems, Inc., Hitachi, Ltd., IBM Corp., Iteris, Inc., Advantech Co., Ltd., AECOM, Clever Devices Ltd., Cubic Corp., and Denso Corp. among others.
Research Methodology
The market study of the global ITS market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include
- Financial reports of companies involved in the market
- Authentic public databases
- Whitepapers, research-papers and news blogs
- Company websites and their product catalog
The report is intended for the ITS solution providers, technology investors, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation
- Global ITS Market Research and Analysis by System Type
- Global ITS Market Research and Analysis by Application
The Report Covers
- Comprehensive research methodology of the global ITS market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Insights about market determinants which are stimulating the global ITS market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Definition
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. AECOM
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Kapsch AG
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Hitachi, Ltd.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. FLIR Systems, Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Cubic Corp.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global ITS Market by System Type
5.1.1. Advanced Public Transportation System
5.1.2. Advanced Traveller Information System
5.1.3. Advanced Traffic Management System
5.1.4. Commercial vehicle Operation
5.1.5. ITS Enabled Transportation Pricing System
5.2. Global ITS Market by Application
5.2.1. Freight Management
5.2.2. Public Transport Management
5.2.3. Automotive Telematics Management
5.2.4. Parking Management
5.2.5. Road Tolling Management
5.2.6. Other (Ticket Management, Emergency vehicle Notification)
6. Regional Analysis
6.1. North America
6.1.1. US
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Advantech Co., Ltd.
7.2. AECOM
7.3. Clever Devices Ltd.
7.4. Cubic Corp.
7.5. Denso Corp.
7.6. Efkon GmbH
7.7. ETA Transit
7.8. FLIR Systems, Inc.
7.9. Hitachi, Ltd.
7.10. IBM Corp.
7.11. Iteris, Inc.
7.12. Kapsch AG
7.13. Kofax, Inc.
7.14. Lanner Electronics, Inc.
7.15. ORTANA
7.16. Ricardo
7.17. Roper Technologies, Inc.
7.18. Siemens AG
7.19. Sumitomo Electric Industries, Ltd.
7.20. TagMaster
7.21. Thales Group
7.22. Tollman International Pvt. Ltd.
7.23. Transmax Pty Ltd.
7.24. Trapeze Group
7.25. VaaaN Infra Pvt. Ltd.
1. GLOBAL ITS MARKET RESEARCH AND ANALYSIS BY SYSTEM TYPE, 2018-2025 ($ MILLION)
2. GLOBAL ADVANCED PUBLIC TRANSPORTATION SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
3. GLOBAL ADVANCED TRAVELLER INFORMATION SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
4. GLOBAL ADVANCED TRAFFIC MANAGEMENT SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
5. GLOBAL COMMERCIAL VEHICLE OPERATION SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
6. GLOBAL ITS ENABLED TRANSPORTATION PRICING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
7. GLOBAL ITS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
8. GLOBAL FREIGHT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
9. GLOBAL PUBLIC TRANSPORT MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
10. GLOBAL AUTOMOTIVE TELEMATICS MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
11. GLOBAL PARKING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
12. GLOBAL ROAD TOLLING MANAGEMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
13. GLOBAL OTHER APPLICATION MARKET RESEARCH AND ANALYSIS BY REGION, 2018-2025 ($ MILLION)
14. GLOBAL ITS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2018-2025 ($ MILLION)
15. NORTH AMERICAN ITS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
16. NORTH AMERICAN ITS MARKET RESEARCH AND ANALYSIS BY SYSTEM TYPE, 2018-2025 ($ MILLION)
17. NORTH AMERICAN ITS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
18. EUROPEAN ITS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
19. EUROPEAN ITS MARKET RESEARCH AND ANALYSIS BY SYSTEM TYPE, 2018-2025 ($ MILLION)
20. EUROPEAN ITS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
21. ASIA-PACIFIC ITS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
22. ASIA-PACIFIC ITS MARKET RESEARCH AND ANALYSIS BY SYSTEM TYPE, 2018-2025 ($ MILLION)
23. ASIA-PACIFIC ITS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
24. REST OF THE WORLD ITS MARKET RESEARCH AND ANALYSIS BY SYSTEM TYPE, 2018-2025 ($ MILLION)
25. REST OF THE WORLD ITS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)
1. GLOBAL ITS MARKET SHARE BY SYSTEM TYPE, 2018 VS 2025 (%)
2. GLOBAL ITS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
3. GLOBAL ITS MARKET SHARE BY GEOGRAPHY, 2018 VS 2025 (%)
4. US ITS MARKET SIZE, 2018-2025 ($ MILLION)
5. CANADA ITS MARKET SIZE, 2018-2025 ($ MILLION)
6. UK ITS MARKET SIZE, 2018-2025 ($ MILLION)
7. FRANCE ITS MARKET SIZE, 2018-2025 ($ MILLION)
8. GERMANY ITS MARKET SIZE, 2018-2025 ($ MILLION)
9. ITALY ITS MARKET SIZE, 2018-2025 ($ MILLION)
10. SPAIN ITS MARKET SIZE, 2018-2025 ($ MILLION)
11. ROE ITS MARKET SIZE, 2018-2025 ($ MILLION)
12. INDIA ITS MARKET SIZE, 2018-2025 ($ MILLION)
13. CHINA ITS MARKET SIZE, 2018-2025 ($ MILLION)
14. JAPAN ITS MARKET SIZE, 2018-2025 ($ MILLION)
15. REST OF ASIA-PACIFIC ITS MARKET SIZE, 2018-2025 ($ MILLION)
16. REST OF THE WORLD ITS MARKET SIZE, 2018-2025 ($ MILLION)
