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Global Intelligent Transport System (ITS) Market (2022-2027) by Offering, Types, Applications, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5585832
  • Report
  • April 2022
  • Region: Global
  • 179 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Advantech
  • Cubic
  • ETA Transit Systems
  • Ortana Elektronik
  • SWARCO
  • TransCore
The Global Intelligent Transport System (ITS) Market is estimated to be USD 37.15 Bn in 2022 and is projected to reach USD 55.07 Bn by 2027, growing at a CAGR of 8.19%.



Market dynamics are forces that impact the prices and behaviors of the Global Intelligent Transport System (ITS) Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Intelligent Transport System (ITS) Market is segmented based on Offering, Types, Applications, and Geography.
  • By Offering, the market is classified into Hardware, Software and Service.
  • By Types, the market is classified into Advanced Traffic Management System, Advanced Traveler Information System, Advanced Public Transportation System, Commercial Vehicle Operation System, Vehicle to Vehicle & Vehicle to Infrastructure, Advanced Transport Pricing System, ITS-Enabled Trasportation Pr.
  • By Applications, the market is classified into Fleet Management and Asset Monitoring, Automotive Telematics, Traffic Monitoring and Management, Collision Avoidance, Parking Monitoring and Management, Passenger Information Management, Ticketing Management, Emergency Vehicle Notification, Intelligent Traffic C .
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Advantech, AECOM, Clever Devices, Conduent, Cubic, Daktronics, DENSO, EFKON, ETA Transit Systems, Garmin, IBM, Indra Sistemas, Ortana Elektronik, Ricardo, Siemens, Sumitomo Electric, SWARCO, Teledyne Technologies, Thales, TomTom International, TransCore, Transmax, VaaaN Infra, Verra Mobility, etc.

Countries Studied

America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Intelligent Transport System (ITS) Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Intelligent Transport System (ITS) Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Intelligent Transport System (ITS) Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Intelligent Transport System (ITS) Market

What is the estimated value of the Global Intelligent Transport System (ITS) Market?

The Global Intelligent Transport System (ITS) Market was estimated to be valued at $37.2 Billion in 2022.

What is the growth rate of the Global Intelligent Transport System (ITS) Market?

The growth rate of the Global Intelligent Transport System (ITS) Market is 8.1%, with an estimated value of $55.1 Billion by 2027.

What is the forecasted size of the Global Intelligent Transport System (ITS) Market?

The Global Intelligent Transport System (ITS) Market is estimated to be worth $55.1 Billion by 2027.

Who are the key companies in the Global Intelligent Transport System (ITS) Market?

Key companies in the Global Intelligent Transport System (ITS) Market include Advantech, AECOM, Clever Devices, Conduent, Cubic, Daktronics, DENSO, EFKON and Garmin.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Advantech
  • Cubic
  • ETA Transit Systems
  • Ortana Elektronik
  • SWARCO
  • TransCore

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Need to Reduce Traffic Congestion
4.1.2 Favorable Government Initiatives for Effective Traffic Management
4.1.3 Digital Revolution in the Automotive and Transportation Industry
4.2 Restraints
4.2.1 High Installation Cost
4.2.2 Slow Growth in Infrastructure Sector
4.3 Opportunities
4.3.1 Rapid Development of Smart Cities
4.3.2 Increasing Public-Private Partnerships
4.3.3 Increasing Focus of Automobile Companies on Designing and Developing Smart Vehicles Compatible with ITS
4.4 Challenges
4.4.1 Lack of Standardization and Security Concerns
4.4.2 Complex Installation and Integration
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Intelligent Transport System (ITS) Market, By Offering
6.1 Introduction
6.2 Hardware
6.2.1 Interface Board
6.2.1.1 a Multifunctional Boards
6.2.1.2 Vehicle Detection Boards
6.2.1.3 Communication Boards
6.2.2 Sensor
6.2.2.1 Vehicle Detection Sensors
6.2.2.2 Pedestrian Presence Sensors
6.2.2.3 Speed Sensors
6.2.3 Surveillance Camera
6.2.3.1 Thermal Cameras
6.2.3.2 AID Cameras
6.2.4 Telecommunication Network
6.2.4.1 Fiber Optic Cables
6.2.4.2 Copper Lines
6.2.4.3 Wireless Media
6.2.5 Monitoring and Detection System
6.2.5.1 Automatic Number Plate Recognition Systems
6.2.5.2 Intelligent Traffic Controllers
6.2.6 Others
6.3 Software
6.3.1.1 Visualization Software
6.3.1.2 Video Detection Management Software
6.3.1.3 Transit Management System
6.3.1.4 Others
6.4 Services
6.4.1 Business and Cloud Services
6.4.2 Support and Maintenance Services
7 Global Intelligent Transport System (ITS) Market, By Types
7.1 Introduction
7.2 Advanced Traffic Management System
7.3 Advanced Traveler Information System
7.4 Advanced Public Transportation System
7.5 Commercial Vehicle Operation System
7.6 Vehicle to Vehicle & Vehicle to Infrastructure
7.7 Advanced Transport Pricing System
7.8 ITS-Enabled Trasportation Pr
8 Global Intelligent Transport System (ITS) Market, By Applications
8.1 Introduction
8.2 Fleet Management and Asset Monitoring
8.3 Automotive Telematics
8.4 Traffic Monitoring and Management
8.5 Collision Avoidance
8.6 Parking Monitoring and Management
8.7 Passenger Information Management
8.8 Ticketing Management
8.9 Emergency Vehicle Notification
8.10 Intelligent Traffic C
9 Americas' Global Intelligent Transport System (ITS) Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas
10 Europe's Global Intelligent Transport System (ITS) Market
10.1 Introduction
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10.15 Switzerland
10.16 United Kingdom
10.17 Rest of Europe
11 Middle East and Africa's Global Intelligent Transport System (ITS) Market
11.1 Introduction
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA
12 APAC's Global Intelligent Transport System (ITS) Market
12.1 Introduction
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia-Pacific
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Advantech
14.2 AECOM
14.3 Clever Devices
14.4 Conduent
14.5 Cubic
14.6 Daktronics
14.7 DENSO
14.8 EFKON
14.9 ETA Transit Systems
14.10 Garmin
14.11 IBM
14.12 Indra Sistemas
14.13 Ortana Elektronik
14.14 Ricardo
14.15 Siemens
14.16 Sumitomo Electric
14.17 SWARCO
14.18 Teledyne Technologies
14.19 Thales
14.20 TomTom International
14.21 TransCore
14.22 Transmax
14.23 VaaaN Infra
14.24 Verra Mobility
15 Appendix
15.1 Questionnaire
Note: Product cover images may vary from those shown
  • Advantech
  • AECOM
  • Clever Devices
  • Conduent
  • Cubic
  • Daktronics
  • DENSO
  • EFKON
  • ETA Transit Systems
  • Garmin
  • IBM
  • Indra Sistemas
  • Ortana Elektronik
  • Ricardo
  • Siemens
  • Sumitomo Electric
  • SWARCO
  • Teledyne Technologies
  • Thales
  • TomTom International
  • TransCore
  • Transmax
  • VaaaN Infra
  • Verra Mobility
Note: Product cover images may vary from those shown