Intelligent Transportation System (ITS) Market Analysis By Type, By Application And Segment Forecasts To 2024

  • ID: 3972828
  • Report
  • 112 pages
  • Grand View Research
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The global intelligent transportation system (ITS) market is expected to reach USD 66.5 billion by 2024. The usage of ITS to reduce road accidents and increase safety is a major driving force for the ITS market.

Demand for Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication in order to enhance road safety is expected to gain momentum over the forecast period. The continuous progression and development have become a crucial need for betterment of road networks in the transportation systems. Enhancement in vehicle transport technology such as blind spot detection and electronic toll collection has continued to redefine the current opportunity and future prospects of sustainable traffic and transport management.

Additionally, congestion cost is a major issue for any nation in terms of fuel consumption and travel time. ITS and connected car technology is transforming mobility and safety on highways by avoiding crashes and reducing fatalities. As a result, there is a strong focus on deployment of advanced traffic systems and reducing the number of road accidents, which can be facilitated through ITS solutions.

Further key findings from the report suggest:

The ATMS is expected to remain the largest segment owing to the rising need to access real-time information captured by cameras and sensors. This system allows transport agencies to enable safe traveling by identifying and responding rapidly to the emergencies with real-time decision support tools.

Traffic management application is expected to grow at a CAGR of 12.1% from 2016 to 2024. Growing needs to minimize traffic congestion and pollution levels are boosting the need for traffic management solutions.

The North America ITS industry is anticipated to reach USD 26.29 billion by 2024. Increased government focus on passenger safety and implementation of traffic management projects and initiatives are propelling the demand for intelligent transportation system.

Asia Pacific is anticipated to be the fastest-growing region, growing at a CAGR of over 15.7% from 2016 to 2024. Increasing deployment of these systems propelled by the robust telecom and IT infrastructure has minimize transport-related issues in economy such as India.

Key players in the intelligent transportation system market include Kapsch TrafficCom AG, Iteris Inc., Thales Group, TomTom NV, Garmin International Inc. and Q-Free ASA. Companies are focusing on providing fully integrated safety solutions to develop technologies in the transportation infrastructure space.
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1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. List of Data Sources
2. Executive Summary
3. Market Snapshot
3.1. ITS - Market snapshot & key buying criteria, 2014 - 2024
4. ITS Industry Outlook
4.1. Market segmentation
4.2. ITS- Market size and growth prospects
4.3. ITS- Value chain analysis
4.3.1. Vendor Landscape
4.4. ITS market dynamics
4.4.1. Market driver analysis
4.4.1.1. Need for road safety
4.4.1.2. Performance enhancement of transportation system
4.4.1.3. Cost-effectiveness
4.4.2. Market restraint analysis
4.4.2.1. Need for interoperability
4.5. Penetration & growth prospect mapping
4.6. Industry analysis - Porter's
4.7. ITS-Key competitor analysis, 2015
4.8. ITS market PESTEL analysis, 2015
5. ITS Product Outlook
5.1. ATIS
5.1.1. Global market estimates and forecasts, 2014 - 2024
5.2. ATMS
5.2.1. Global market estimates and forecasts, 2014 - 2024
5.3. ATPS
5.3.1. Global market estimates and forecasts, 2014 - 2024
5.4. APTS
5.4.1. Global market estimates and forecasts, 2014 - 2024
5.5. Cooperative vehicle systems
5.5.1. Global market estimates and forecasts, 2014 - 2024
6. ITS Application Outlook
6.1. Traffic management
6.1.1. Global market estimates and forecasts, 2014 - 2024
6.2. Road safety and security
6.2.1. Global market estimates and forecasts, 2014 - 2024
6.3. Freight management (commercial)
6.3.1. Global market estimates and forecasts, 2014 - 2024
6.4. Public transport
6.4.1. Global market estimates and forecasts, 2014 - 2024
6.5. Environment protection
6.5.1. Global market estimates and forecasts, 2014 - 2024
6.6. Automotive telematics
6.6.1. Global market estimates and forecasts, 2014 - 2024
6.7. Parking management
6.7.1. Global market estimates and forecasts, 2014 - 2024
6.8. Road user charging
6.8.1. Global market estimates and forecasts, 2014 - 2024
7. ITS Regional Outlook
7.1. North America
7.1.1. ITS market by type, 2014 - 2024
7.1.2. ITS market by application, 2014 - 2024
7.1.3. U.S.
7.1.3.1. ITS market by type, 2014 - 2024
7.1.3.2. ITS market by application, 2014 - 2024
7.1.4. Canada
7.1.4.1. ITS market by type, 2014 - 2024
7.1.4.2. ITS market by application, 2014 - 2024
7.2. Europe
7.2.1. ITS market by type, 2014 - 2024
7.2.2. ITS market by application, 2014 - 2024
7.2.3. Germany
7.2.3.1. ITS market by type, 2014 - 2024
7.2.3.2. ITS market by application, 2014 - 2024
7.2.4. France
7.2.4.1. ITS market by type, 2014 - 2024
7.2.4.2. ITS market by application, 2014 - 2024
7.2.5. Italy
7.2.5.1. ITS market by type, 2014 - 2024
7.2.5.2. ITS market by application, 2014 - 2024
7.2.6. U.K.
7.2.6.1. ITS market by type, 2014 - 2024
7.2.6.2. ITS market by application, 2014 - 2024
7.3. Asia Pacific
7.3.1. ITS market by type, 2014 - 2024
7.3.2. ITS market by application, 2014 - 2024
7.3.3. China
7.3.3.1. ITS market by type, 2014 - 2024
7.3.3.2. ITS market by application, 2014 - 2024
7.3.4. India
7.3.4.1. ITS market by type, 2014 - 2024
7.3.4.2. ITS market by application, 2014 - 2024
7.3.5. Japan
7.3.5.1. ITS market by type, 2014 - 2024
7.3.5.2. ITS market by application, 2014 - 2024
7.4. RoW
7.4.1. ITS market by type, 2014 - 2024
7.4.2. ITS market by application, 2014 - 2024
8. Competitive Landscape
8.1. ADCCO LLC
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Agero Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. DENSO Corporation
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. EFKON AG
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Hitachi Ltd
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Nuance Communications Inc.
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Garmin International Inc.
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Iteris Inc.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Kapsch TrafficCom AG
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Lanner Electronics Inc.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. Q-Free ASA
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. Ricardo PLC
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. Sensys Networks Inc.
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
8.14. Siemens AG
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15. Telenav Inc.
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic Initiatives
8.16. Thales Group
8.16.1. Company Overview
8.16.2. Financial Performance
8.16.3. Product Benchmarking
8.16.4. Strategic Initiatives
8.17. TomTom NV
8.17.1. Company Overview
8.17.2. Financial Performance
8.17.3. Product Benchmarking
8.17.4. Strategic Initiatives
8.18. TransCore Inc.
8.18.1. Company Overview
8.18.2. Financial Performance
8.18.3. Product Benchmarking
8.18.4. Strategic Initiatives
8.19. WS Atkins PLC
8.19.1. Company Overview
8.19.2. Financial Performance
8.19.3. Product Benchmarking
8.19.4. Strategic Initiatives
8.20. Xerox Corporation
8.20.1. Company Overview
8.20.2. Financial Performance
8.20.3. Product Benchmarking
8.20.4. Strategic Initiatives

List of Tables

1. Global ITS market, 2014 - 2024 (USD Million)
2. Global market estimates and forecasts by region, 2014 - 2024 (USD Million)
3. Global market estimates and forecasts by type, 2014 - 2024 (USD Million)
4. Global market estimates and forecasts by application, 2014 - 2024 (USD Million)
5. Global ATIS demand, 2014 - 2024 (USD Million)
6. Global ATIS demand by region, 2014 - 2024 (USD Million)
7. Global ATMS demand, 2014 - 2024 (USD Million)
8. Global ATMS demand by region, 2014 - 2024 (USD Million)
9. Global ATPS demand, 2014 - 2024 (USD Million)
10. Global ATPS demand by region, 2014 - 2024 (USD Million)
11. Global APTS demand, 2014 - 2024 (USD Million)
12. Global APTS demand by region, 2014 - 2024 (USD Million)
13. Global cooperative vehicle systems demand, 2014 - 2024 (USD Million)
14. Global cooperative vehicle systems demand by region, 2014 - 2024 (USD Million)
15. Global traffic management demand, 2014 - 2024 (USD Million)
16. Global traffic management demand by region, 2014 - 2024 (USD Million)
17. Global road safety and security demand, 2014 - 2024 (USD Million)
18. Global road safety and security demand by region, 2014 - 2024 (USD Million)
19. Global freight management demand, 2014 - 2024 (USD Million)
20. Global freight management demand by region, 2014 - 2024 (USD Million)
21. Global public transport demand, 2014 - 2024 (USD Million)
22. Global public transport demand by region, 2014 - 2024 (USD Million)
23. Global environment protection demand, 2014 - 2024 (USD Million)
24. Global environment protection demand by region, 2014 - 2024 (USD Million)
25. Global automotive telematics demand, 2014 - 2024 (USD Million)
26. Global automotive telematics demand by region, 2014 - 2024 (USD Million)
27. Global parking management demand, 2014 - 2024 (USD Million)
28. Global parking management demand by region, 2014 - 2024 (USD Million)
29. Global road user charging demand, 2014 - 2024 (USD Million)
30. Global road user charging demand by region, 2014 - 2024 (USD Million)
31. North America market by type, 2014 - 2024 (USD Million)
32. North America market by application, 2014 - 2024 (USD Million)
33. U.S. market by type, 2014 - 2024 (USD Million)
34. U.S. market by application, 2014 - 2024 (USDMillion)
35. Canada market by type, 2014 - 2024 (USD Million)
36. Canada market by application, 2014 - 2024 (USD Million)
37. Europe market by type, 2014 - 2024 (USD Million)
38. Europe market by application, 2014 - 2024 (USD Million)
39. Germany market by type, 2014 - 2024 (USD Million)
40. Germany market by application, 2014 - 2024 (USD Million)
41. France market by type, 2014 - 2024 (USD Million)
42. France market by application, 2014 - 2024 (USD Million)
43. Italy market by type, 2014 - 2024 (USD Million)
44. Italy market by application, 2014 - 2024 (USD Million)
45. U.K. market by type, 2014 - 2024 (USD Million)
46. U.K market by application, 2014 - 2024 (USD Million)
47. France market by type, 2014 - 2024 (USD Million)
48. France market by application, 2014 - 2024 (USD Million)
49. Asia Pacific market by type, 2014 - 2024 (USD Million)
50. Asia Pacific market by application, 2014 - 2024 (USD Million)
51. China market by type, 2014 - 2024 (USD Million)
52. Chinamarket by application, 2014 - 2024 (USD Million)
53. India market by type, 2014 - 2024 (USD Million)
54. India market by application, 2014 - 2024 (USD Million)
55. Japan market by type, 2014 - 2024 (USD Million)
56. Japan market by application, 2014 - 2024 (USD Million)
57. RoW market by type, 2014 - 2024 (USD Million)
58. RoW market by application, 2014 - 2024 (USD Million)

List of Figures

1. ITS market segmentation
2. Global ITS market, 2015 - 2024 (USD Million)
3. ITS - Value chain analysis
4. ITS - Market dynamics
5. ITS - Porter’s analysis
6. ITS - PESTEL analysis
7. ITS market share by type, 2015 & 2024
8. ITS market share by application, 2015 & 2024
9. ITS market share by region, 2015 & 2024
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