Quick Summary:
In this era of fast-paced technological growth, the Intelligent Transport System (ITS) market is forecasted to experience a significant expansion, powered by increasing traffic congestion, escalating road accidents, and the booming road freight logistics market. Our latest report provides a comprehensive analysis of this market, scrutinizing all relevant parameters for an in-depth outlook.
Defining trends and drivers, the report also examines the ITS market by key applications such as traffic management, toll management, public transport, and more, capturing insights from regions across the globe. It underscores the accelerated adoption of cloud computing in fleet management and the surge in smart city initiatives globally as prime market propellants. Moreover, the detailed vendor analysis serves as a strategic tool for businesses seeking to fortify their market position. The expert assessment ensures up-to-date understanding of the market landscape, offering actionable intelligence to capitalize on growth opportunities that lie ahead.
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The intelligent transport system (ITS) market is poised to grow by $33.39 bn during 2023-2027, accelerating at a CAGR of 8.49% during the forecast period. The report on the intelligent transport system (ITS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing traffic congestion and road accidents, the growing road freight logistics market, and growth in a number of smart connected devices.
The intelligent transport system (ITS) market is segmented as below:
By Application
- Traffic management
- Toll management
- Automotive and infotainment telematics
- Public transport
- Others
By Type
- Advanced traffic management system
- Advanced public transportation system
- Advanced transportation pricing system
- Advanced traveller information system
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the intelligent transport system (its) market covers the following areas:
- Intelligent transport system (ITS) market sizing
- Intelligent transport system (ITS) market forecast
- Intelligent transport system (ITS) market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global intelligent transport system (its) market: 3M Co., Advantech Co. Ltd., AECOM, Atlantia SPA, Axiomtek Co. Ltd., Cubic Corp., Dornier Group GmbH, EFKON GmbH, GMV Innovating Solutions SL, Hitachi Ltd., HNTB Co., HR Green Inc., Indra Sistemas SA, Kapsch TrafficCom AG, Serco Group Plc, SICE TyS, Siemens AG, Stantec Inc., Sumitomo Electric Industries Ltd., Teledyne FLIR LLC, Thales, and Trapeze Software ULC.Commenting on the report, an analyst from the research team said: `The latest trend gaining momentum in the market is increasing adoption of cloud computing for fleet management operations.`
According to the report, one of the major drivers for this market is the increasing traffic congestion and road accidents.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned
A selection of companies mentioned in this report includes:
- 3M Co.
- Advantech Co. Ltd.
- AECOM
- Atlantia SPA
- Axiomtek Co. Ltd.
- Cubic Corp.
- Dornier Group GmbH
- EFKON GmbH
- GMV Innovating Solutions SL
- Hitachi Ltd.
- HNTB Co.
- HR Green Inc.
- Indra Sistemas SA
- Kapsch TrafficCom AG
- Serco Group Plc
- SICE TyS
- Siemens AG
- Stantec Inc.
- Sumitomo Electric Industries Ltd.
- Teledyne FLIR LLC
- Thales
- Trapeze Software ULC
