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Intelligent Transportation Systems (ITS) - Global Market Trajectory & Analytics

  • ID: 338420
  • Report
  • September 2020
  • Region: Global
  • 1019 Pages
  • Global Industry Analysts, Inc
The global market for Intelligent Transportation Systems (ITS) is projected to reach US$50.4 billion by 2025, driven by the growing importance of smart technologies in managing heavy vehicular traffic in densely populated modern cites with road infrastructure creaking under the strain of rapid urbanization and expanding vehicle PARC. The market also stands to benefit from the growing focus shed on ITS, as an important tool to reduce carbon footprint of the transportation industry. With 27% share in global CO2 emissions, transportation remains a major area for reductions. Intelligent Transportation Systems (ITS) through higher efficiency hold the promise to reduce CO2 emissions. Smart traffic lights and optimized traffic flow mean lower emissions due to congestions. Smart and shared mobility results in higher utilization per vehicle and lower volumes of vehicles on road. Automated and connected driving significantly enhances fuel efficiency and reduces tailpipe emissions. Eco-driving support; eco-routing; truck platooning; smart parking, all enabled by ITS have the potential to reduce emissions. Electronic toll collection systems (ETC), a part of ITS, will also help bring in sizable improvements in automotive emissions and fuel consumption. ITS will play a key role in the safety of autonomous vehicles in the coming decade. Several factors will drive artificial intelligence's (AI) adoption in ITS including the ability to solve several challenges that currently elude answers. Smart mobile applications will emerge to revolutionize ITS. 5G will finally provide the building blocks needed to create a reliable vehicular Ad Hoc network and delivery of collaborative vehicular network services.

Growing investments by governments across the world for building smart cities is poised to benefit the market as intelligent transportation network forms the building block of smart city projects. Benefits of ITS enabled well planned and efficiently managed transport network include improved quality of urban life; reduced fuel usage; reduction in travel time; reduced congestion; economic benefits associated with proper movement of people, goods and services; greater adherence and compliance to traffic regulations; effective management of parking spaces; reduced infrastructure damage; improved traffic safety and reduced risk of collisions; improved air quality and reduced emissions; ability to accommodate more motor vehicles per kilometer of road; and ability to provide accurate passenger information in real-time for a more satisfying travel experience. The United States represents the largest market worldwide supported by robust plans for the deployment of ITS enabled electronic toll collection (ETC) systems in the country as a tool for funding transportation projects. China ranks as the fastest growing market led by the country's unwavering focus on developing and modernizing the domestic transportation sector; rapid rise of connected transport and internet-based travel services and the resulting developments in V2V and V2I technologies. The country continues to invest millions of dollars each year in ITS to battle carbon emissions and vehicle population growth.

Competitors identified in this market include, among others:
  • Citilog SA
  • emovis
  • FLIR Systems, Inc.
  • Image Sensing Systems Inc.
  • INIT Innovation in Traffic Systems SE
  • Intelight Inc.
  • ItraMAS Corporation Sdn Bhd
  • Kapsch TrafficCom AG
  • LeddarTech Inc.
  • Q-Free ASA
  • Siemens AG
  • SpeedInfo, Inc.
  • SWARCO TRAFFIC SYSTEMS GmbH
  • TransCore
  • Xerox Corporation
Note: Product cover images may vary from those shown
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Intelligent Transportation Systems (ITS): Product Profile
  • ITS: An Introduction
  • ITS Integration
  • Enabling Technologies
  • Different Phases of ITS Application
  • Segment Overview
  • Advanced Traffic Management Systems (ATMS)
  • Electronic Toll Collection Systems
  • Other Intelligent Transportation Systems
  • Public Vehicle Transportation Management Systems (PVTMS)
  • Commercial Vehicle Operations (CVO) Systems
  • Advanced Vehicle Information Systems (AVIS)
  • Understanding Load Tracking System
  • In Vehicle Intelligent Transportation Systems: A Complimentary Review
  • Passenger Vehicle Applications
  • Commercial Vehicle Applications
  • Adopting Alliance as a Growth Strategy
  • Outlook
  • Intelligent Transportation Systems: Empowering the Real Modern Day Transport Infrastructure
  • Rationale behind Installation of ITS
  • Key ITS Capabilities in a Capsule
  • Enhancing Efficiency & Economy of Transport Systems
  • Ensuring Safety & Security
  • Key Result Areas of ITS in Ensuring Safety
  • Internet, X Ray and DSRC: The Key ITS Enablers
  • A Disparate Market
  • Market Scenario
  • Developed Markets: Traditional Revenue Contributors for ITS Market
  • World ITS Market: Percentage Breakdown of Revenues for Developed and Developing Regions for the Years 2019 & 2025
  • Developing Markets to Turbo Charge Future Growth in the ITS Market
  • World ITS Market: Geographic Regions Ranked by CAGR (Revenues) for 2018-2025
  • Competitive Landscape
  • Transportation Management Systems Market Share Breakdown of Key Players: 2019
  • Transportation Software Global Competitor Market Share Positioning for 2019
  • Select Industry Activities/Developments for 2017-2019
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • Citilog SA (France)
  • Conduent Business Services, LLC (USA)
  • Cubic Corporation (USA)
  • Denso Corporation (Japan)
  • EFKON AG (Austria)
  • emovis (France)
  • FLIR Systems, Inc. (USA)
  • Hitachi Vantara Corporation (USA)
  • IBM Corporation (USA)
  • Image Sensing Systems Inc. (USA)
  • INIT Innovation in Traffic Systems SE (Germany)
  • Intelight Inc. (USA)
  • Iteris, Inc. (USA)
  • ItraMAS Corporation Sdn Bhd (Malaysia)
  • Kapsch TrafficCom AG (Austria)
  • LeddarTech Inc. (Canada)
  • Q-Free ASA (Norway)
  • Sanef ITS Technologies (France)
  • Siemens AG (Germany)
  • SpeedInfo, Inc. (USA)
  • SWARCO AG (Germany)
  • Telenav, Inc. (USA)
  • TransCore Holdings, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • Rapid Urbanization Triggers Growth
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • World Urban Population in Thousands: 1950-2050P
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 2000, 2020 & 2050
  • Continued Rise in Vehicular Traffic and Need to Regulate Traffic Flow: A Business Case for ITS Investments
  • Vehicular Population Worldwide: Number of Vehicles in Millions for Years 2015, 2025 & 2040
  • Growing Number of Road Accidents and Need to Ensure on-Road Safety to Commuters Drives Business Case for ITS
  • Number of Deaths Caused by Road Accidents Worldwide by Region for the Years 2017 & 2030
  • Increasing Number of Mega Cities: A Key Driver
  • Global Distribution of Cities by Type (2015 & 2030): Percentage Breakdown of Number of Cities by Type
  • Global Urban Population Distribution by City Type (2015 & 2030): Percentage Breakdown of Population by Type
  • Growing Smart City Market to Drive Demand for ITS
  • Number of Smart Cities Worldwide (2013-2020)
  • Number of Smart Cities Worldwide by Geographic Region (2025)
  • Capabilities to Improve Logistics Drives Adoption of ITS
  • Major Innovations in Smart Transportation
  • Smart Parking and Traffic Management: The Future of Urban Mobility in Countries across the World
  • Growing Use of IaaS Platform
  • Transformational Role of IoT Expands Application Areas
  • Public-Private Collaborations Support ITS Development
  • Private Sector Purchases Set to Increase
  • Government Policy Vis-à-vis ITS Projects – Critical for ITS Implementations
  • The Secret of Success of ITS Projects Lies in “Concept Selling”
  • Technology Developments Boost Market Prospects for ITS
  • Integration of ITS with Cellular Technology
  • Convergence of ITS With Mobile Communications: A Major Trend
  • Dynamic Roadside Signs for Providing Information about Truck Parking Space Availability
  • Super Intelligent Transport Systems – A New Technology on the Horizon
  • Emerging Technologies Come to the Fore
  • Wireless Communications
  • Floating Cellular Data/ Floating Car Data
  • Video Vehicle Detection
  • Sensing Technologies
  • Inductive Loop Detection
  • Bluetooth Detection
  • Satellite-Based Truck-Tracking System
  • Interoperability Issues Gain Attention
  • Key Objective Areas of the Common Standards
  • Growing Data Volumes to Drive Use of Data Analytics in ITS
  • Tolling as Means to Reduce Road Congestion & Vehicular Pollution Drives Demand for ETC Systems
  • Positive Outlook for ETC Systems Market
  • Growing Popularity of Road User Charging Brightens Market Prospects for ETC
  • Need to Avoid Lengthy Waiting Lines & Environmental Pollution at Toll Plazas to Drive Demand for ETC Systems
  • Innovation & Market Differentiation – Key Determinants for Success of ETC Projects
  • Lower Operational Costs of ETC Systems Enable Increased Acceptance
  • Smart Cards in Demand for ETC Systems
  • Cooperative ITS Promises to Change the Face of Urban Transportation
  • Europe Remains at the Forefront of C-ITS Efforts Worldwide
  • ATMS Witness Greater Adoption in Mega-Cities
  • Regional Differences in ITS Services Adoption Persist: A Note on Evolution
  • Vehicle-to-Everything Gains Notable Attention to Alleviate Traffic Concerns
  • GSMA Issues Guidelines for Spectrum Considerations in ITS
  • Growing Adoption of Road Safety Cameras
  • Key Issues to Reckon with
  • Low Awareness Levels on Benefits of ITS
  • Questions over ITS Interoperability
  • Myths about Red Light Cameras Limits its Adoption
  • Privacy Issues
  • Use of Big Data Applications Raises Privacy Concerns
  • Implications of Open Data in Designing ITS Services
  • Open Data-based Seoul Bus Application
  • Role of Master Plans and Common Standards
  • Using Open/Big Data to Improve ITS Services
  • Protection for ITS Vital to Prevent Cyber Attacks
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Current & Future Analysis for Intelligent Transportation Systems (ITS) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2020 through 2027
  • TABLE 2: World 7-Year Perspective for Intelligent Transportation Systems (ITS) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • TABLE 3: World Current & Future Analysis for ATMS by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2020 through 2027
  • TABLE 4: World 7-Year Perspective for ATMS by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • TABLE 5: World Current & Future Analysis for ETC Systems by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2020 through 2027
  • TABLE 6: World 7-Year Perspective for ETC Systems by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • TABLE 7: World Current & Future Analysis for Other Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2020 through 2027
  • TABLE 8: World 7-Year Perspective for Other Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • The Federal Government & ITS
  • US Federal Government: Primary Supporter of ITS
  • Budgetary Constraints of the Federal Government
  • Equipping Vehicles with Intelligent Vehicle Technology
  • ITS Integration
  • Standardization & Privacy Issues
  • Privacy Issue
  • ITS Application in the US
  • US Intelligent Transportation Systems (ITS) by Application (% Share): 2020 Vs. 2025
  • ITS Application in Rural Areas
  • ITS to the Rescue of Commercial Vehicles
  • Traveler Information
  • Associations, Groups/Bodies & Acts
  • ITSA: Intelligent Transportation Society of America
  • US: Federal Communications Commission (FCC)
  • Intermodal Surface Transportation Efficiency Act
  • Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU)
  • Transportation Equity Act (TEA-21)
  • Transportation Reauthorization Bill
  • SMART Technologies for Communities Act
  • State Agencies Embrace Intelligent Transportation Systems for Traffic Improvement
  • New Cities Eye Better Traffic and Parking Management with ITS
  • Variable Traffic Signs to Enable Smart Traffic Management
  • Tolling As a Strategy to Fund Transport Infrastructure Spending to Benefit the ETC Market
  • Scope for Further Increase in Tolling: To Benefit ETC Systems
  • Central Ohio Transport Authority – ITS Plans and Strategies
  • COTA’s Long-Term ITS Plans
  • E ZPass: A Key ETC System in Use
  • Working of E ZPass System
  • PrePass Plus Implemented in Ohio
  • Key Statistics
  • US Toll Collection by Mode (2011 & 2019): Percentage Breakdown of Toll Collection for Cash, ETC and Others
  • Market Snapshots
  • Market Analytics
  • TABLE 9: USA Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 10: USA 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
CANADA
  • Awakening Governmental Support to ITS Projects
  • Application of Intelligent Transportation Systems for Elderly/Disabled Travelers
  • General Recommendations
  • User Convenience in Public Transport
  • Low-Cost Means for Disabled
  • Market Snapshots
  • Market Analytics
  • TABLE 11: Canada Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 12: Canada 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
JAPAN
  • Background
  • Steps Towards Deployment of ITS
  • Market Snapshots
  • TABLE 13: Japan Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 14: Japan 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
CHINA
  • China Embarks on Significant ITS Deployments
  • Evolving Chinese ITS Sector
  • Advanced and Innovative Systems/Devices Penetrate the Market
  • Opportunities for ETC On the Roll In China
  • Market Snapshots
  • Market Analytics
  • TABLE 15: China Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 16: China 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
EUROPE
  • Market Snapshots
  • Europe Intelligent Transportation Systems (ITS) by Application (% Share): 2020 Vs. 2025
  • ITS Finds Place in the EU’s Multi-Million Euro Trans-European Infrastructure Project
  • Intelligent Transport Solutions for Public Transport
  • Innovative Initiatives Come to the Fore
  • ITS Action Plan (Action Plan for the Deployment of Intelligent Transport Systems)
  • The ITS Directive (2010/40/EU)
  • Ertico
  • EU Embarks on C-ITS
  • Advanced Traffic Management Systems to Tackle Rising Traffic Congestion in Western Europe
  • Tolling: A Key Source of Additional Finances for Governments in Europe
  • Governments’ Concern on Rising Pollution Spurs Use of RUC Systems
  • Telematics-based RUC Systems Draw Attention
  • Market Snapshots
  • Market Analytics
  • TABLE 17: Europe Current & Future Analysis for Intelligent Transportation Systems (ITS) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2020 through 2027
  • TABLE 18: Europe 7-Year Perspective for Intelligent Transportation Systems (ITS) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • TABLE 19: Europe Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 20: Europe 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
FRANCE
  • TABLE 21: France Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 22: France 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
GERMANY
  • TABLE 23: Germany Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 24: Germany 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
ITALY
  • An Insight into ITS Implementation
  • TABLE 25: Italy Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 26: Italy 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
UNITED KINGDOM
  • TABLE 27: UK Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 28: UK 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
REST OF EUROPE
  • Austria: ITS Still in Early Stages
  • Bulgaria: Challenges Abound in ITS Deployment
  • Existing Strengths and Opportunities Augur Well for Future Deployments
  • Greece: Economic Duress Hinders ITS Adoption
  • Strong Experience and Expertise Promise Brighter Future
  • Hungary: ITS Well Entrenched in Transportation Systems, Offers Base for Future Growth
  • Netherlands: Investment Pour in for ITS Market
  • Netherlands Eyes C-ITS Implementation
  • Romania: Yet to Take Off in ITS Implementation
  • Market Snapshots
  • Market Analytics
  • TABLE 29: Rest of Europe Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 30: Rest of Europe 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
ASIA-PACIFIC
  • TABLE 31: Asia-Pacific Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 32: Asia-Pacific 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
REST OF WORLD
  • Asia-Pacific: Rapid Urbanization Creates Need for ITS
  • Lack of Interregional Cooperation in Asia-Pacific: A Hurdle to ITS Adoption
  • Fiber Optic Cables-based Connectivity to Support ITS Services
  • Fostering ITS Experts for Proper Implementation and Operations
  • Need for Global ITS Reference Model and National Master Plans
  • Focus on Public-Private Coordination to Build ITS Capacity
  • Australia: A Well Developed ITS Market
  • ITS Australia
  • SCATS
  • Hong Kong: An Overview of ITS Market
  • History
  • Objectives of ITS Project
  • The Key ITS Solutions
  • India: A Potential Market
  • Government-Backed Projects Promote the Use of ITS
  • Tackling Urban Traffic Woes with ATIS
  • Brazil: Largest Transportation Network in Latin America
  • Market Snapshots
  • The Middle East: Transport Authorities Embrace ITS to Manage Congestion and Reduce Accidents
  • Growing Awareness and Success of Existing Projects to Set Tone for a Brighter Future
  • Road User Charging Abets ITS Projects in the Region
  • ITS Market to Surge in the UAE
  • Market Snapshots
  • Market Analytics
  • TABLE 33: Rest of World Current & Future Analysis for Intelligent Transportation Systems (ITS) by Type - ATMS, ETC Systems and Other Types - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027
  • TABLE 34: Rest of World 7-Year Perspective for Intelligent Transportation Systems (ITS) by Type - Percentage Breakdown of Value Sales for ATMS, ETC Systems and Other Types for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 112
Note: Product cover images may vary from those shown
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