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Intelligent Transportation System Market worth $84.77 billion by 2030, growing at a CAGR of 7.78% - Exclusive Report by 360iResearch
Intelligent Transportation System Market | 360iResearch
The Global Intelligent Transportation System Market to grow from USD 50.15 billion in 2023 to USD 84.77 billion by 2030, at a CAGR of 7.78%.
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An intelligent transport system aims to achieve transport efficiency by providing innovative services relating to various modes of transport and traffic management. Intelligent transport systems have become an indispensable component of the concept of smart cities transmuting cities into digital societies, making the lives of citizens easy in every facet. It provides users with prior information about traffic, local convenience, real-time running information, and seat availability, reducing commuters' travel time and enhancing their safety and comfort. The surging adoption of advanced connected and autonomous vehicles with enhanced safety features and tracking capabilities is accelerating the deployment of the intelligent transport system in automobiles. However, the high installation and maintenance cost of these systems may limit their adoption by consumers. Moreover, ongoing advancements and improvements in intelligent transportation systems, along with initiatives implemented by governments worldwide to develop smart infrastructure, are expected to encourage the adoption of smart transportation systems worldwide.
Intelligent transportation systems are highly developing in the Americas owing to the increasing adoption of technologically advanced vehicles and the implementation of cutting-edge technologies to manage the rising traffic concerns. The emphasis of various governments to improve transportation infrastructure is encouraging the adoption of intelligent transportation systems in the APAC region. The increasing demand for advanced technology and rapid expansion of transportation networks are expected to increase the deployment of the intelligent transportation system industry in the APAC region. The surge in the production of autonomous vehicles and government norms for enhancing the safety of vehicles are accelerating the deployment of intelligent transportation systems in automobiles in the EMEA region. Additionally, the ongoing research and integration of breakthrough technologies to improve safety and enhance the operational efficiency of transportation systems are expected to create lucrative opportunities for the growth of the intelligent transportation systems market worldwide.
Market Segmentation & Coverage:
This research report categorizes the Intelligent Transportation System Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Hardware, Services, and Software. The Hardware is further studied across Interface Boards, Monitoring & Detection Systems, Sensors, Surveillance Cameras, and Telecommunication Networks. The Interface Boards is further studied across Communication Boards, Multifunctional Boards, and Vehicle Detection Boards. The Sensors is further studied across Pedestrian Presence Sensors, Speed Sensors, and Vehicle Detection Sensors. The Surveillance Cameras is further studied across AID Cameras and Thermal Cameras. The Telecommunication Networks is further studied across Copper Lines, Fiber Optic Cables, and Wireless Media. The Services is further studied across Business & Cloud Services and Support & Maintenance Services. The Software is further studied across Transit Management Software, Video Detection Management Software, and Visualization Software. The Services is projected to witness significant market share during forecast period.
Based on System, market is studied across Advanced Public Transportation Systems (APTS), Advanced Traffic Management Systems (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Traveler Information Systems (ATIS), and Commercial Vehicle Operation (CVO) Systems. The Advanced Public Transportation Systems (APTS) is projected to witness significant market share during forecast period.
Based on Function, market is studied across Collision Avoidance, Fleet & Asset Management, Intelligent Traffic Control, Parking Management, Passenger Information Management, Security, Surveillance, & Emergency Notification, and Ticketing & Toll Collection. The Passenger Information Management is projected to witness significant market share during forecast period.
Based on Application, market is studied across Aviation, Maritime, Railways, and Roadways. The Aviation is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.44% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Intelligent Transportation System Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Intelligent Transportation System Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Intelligent Transportation System Market, highlighting leading vendors and their innovative profiles. These include AECOM, Agero, Inc., Axiomtek Co., Ltd., Bosch Sicherheitssysteme GmbH, Bridgestone Corporation, Cellint Traffic Solutions Ltd., Conduent Business Services, LLC, Cubic Corporation, Daktronics, Denso Corporation, DIMTS Ltd., EFKON GmbH, European Telecommunications Standards Institute, Garmin Ltd., GMV Innovating Solutions S.L., Hitachi, Ltd., Indra Sistemas, S.A., Intel Corporation, International Business Machines Corporation, Iteris, Inc., Kapsch TrafficCom AG, Lanner Electronics, Inc., Mitsubishi Heavy Industries, Ltd., N-iX Ltd, PTV Planung Transport Verkehr GmbH, Q-Free ASA, Ricardo PLC, Sensys Networks, Inc., Serco Inc., Siemens AG, Singapore Technologies Engineering Ltd, Stantec Inc., SWARCO AG, TagMaster, Teledyne FLIR LLC, TomTom International BV, TransCore by Roper Technologies, Inc., Transmax Pty Ltd., Verra Mobility Corporation, WSP Global Inc., and Xerox Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Intelligent Transportation System Market, by Offering
7. Intelligent Transportation System Market, by System
8. Intelligent Transportation System Market, by Function
9. Intelligent Transportation System Market, by Application
10. Americas Intelligent Transportation System Market
11. Asia-Pacific Intelligent Transportation System Market
12. Europe, Middle East & Africa Intelligent Transportation System Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Intelligent Transportation System Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Intelligent Transportation System Market?
3. What is the competitive strategic window for opportunities in the Intelligent Transportation System Market?
4. What are the technology trends and regulatory frameworks in the Intelligent Transportation System Market?
5. What is the market share of the leading vendors in the Intelligent Transportation System Market?
6. What modes and strategic moves are considered suitable for entering the Intelligent Transportation System Market?
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