Global IoT in Intelligent Transportation System Market to Reach $483.9 Billion by 2030
The global market for IoT in Intelligent Transportation System estimated at US$113.1 Billion in the year 2022, is projected to reach a revised size of US$483.9 Billion by 2030, growing at a CAGR of 19.9% over the analysis period 2022-2030. Hardware, one of the segments analyzed in the report, is projected to record 21.6% CAGR and reach US$253.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 19% CAGR for the next 8-year period.The U.S. Market is Estimated at $34.6 Billion, While China is Forecast to Grow at 18.8% CAGR
The IoT in Intelligent Transportation System market in the U.S. is estimated at US$34.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$79.8 Billion by the year 2030 trailing a CAGR of 18.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.8% and 17.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.5% CAGR.Select Competitors (Total 13 Featured) -
- Cisco Systems, Inc.
- Cubic Transportation Systems, Inc.
- Garmin Ltd.
- Hitachi Transport System Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Iteris, Inc.
- Microsoft Corporation
- NEC Corporation
- Siemens AG
- Thales Group
- TransCore
- Verizon Telematics
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and the publisher's Research Platform
- Complimentary updates for one year
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Cisco Systems, Inc.
- Cubic Transportation Systems, Inc.
- Garmin Ltd.
- Hitachi Transport System Ltd.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Intel Corporation
- Iteris, Inc.
- Microsoft Corporation
- NEC Corporation
- Siemens AG
- Thales Group
- TransCore
- Verizon Telematics
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 182 |
Published | April 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 113.1 Billion |
Forecasted Market Value ( USD | $ 483.9 Billion |
Compound Annual Growth Rate | 19.9% |
Regions Covered | Global |