Press release
Intelligent Transport System Market: Robust Growth Predicted with CAGR of 10.6% in 2025 and 11.9% in 2029, Driven by Government Initiatives and Technological Advancements
Intelligent Transport System Market
What Is The Projected Market Size Of The Global Intelligent Transport System Market And Its Growth Rate?
• The intelligent transport system market size has been witnessing rapid growth. From $36.34 billion in 2024, it is projected to reach $40.2 billion in 2025, reflecting a CAGR of 10.6%.
• Growth during this period can be attributed to government initiatives, increased safety concerns, environmental sustainability, rising vehicle ownership, and urbanization trends.
• The market size is expected to further expand at a CAGR of 11.9% and reach $63.04 billion by 2029.
• This growth during the forecast period can be credited to the emergence of autonomous vehicles, IoT integration, smart city initiatives, environmental regulations, and public-private partnerships.
What Is Driving The Growth In The Intelligent Transport System Market?
The rising number of road accidents worldwide is serving as a major driver for the growth of the intelligent transport system market. A road accident is a collision involving at least one vehicle on a public road resulting in at least one person being injured or killed. Intelligent Transport System (ITS) applications like traffic signal control systems, speed cameras, and road safety cameras aid in monitoring and enforcing traffic rules, thereby ensuring that drivers adhere to road safety regulations. According to the National Highway Traffic Safety Administration, an estimated 20,175 persons lost their lives in on-road car accidents in the first half of 2022 in the US. This marked a 0.5% increase from 2021. It is evident from this data that the increasing number of road accidents is driving the growth of the intelligent transport system market.
[Request A Free Sample Copy](https://www.thebusinessresearchcompany.com/sample.aspx?id=10213&type=smp)
Who Are the Key Players Driving Intelligent Transport System Market Growth?
• Thales Group
• Siemens AG
• Garmin International Inc.
• Kapsch TrafficCom AG
• TomTom International BV
• Denso Corporation
• Efkon GmbH
• Ricardo plc
• Lanner Inc.
• Q-Free ASA
• TransCore
• Atkins Group
• Iteris Inc.
• Savari Inc.
• Teledyne FLIR LLC
• IBM Corporation
• Addco LLC
• Cubic Corporation
• Alstom SA
• Hitachi Ltd.
• Indra Sistemas S.A.
• Advantech Co. Ltd.
• Nuance Communications Inc.
• Conduent Incorporate
• Cohda Wireless
• Sensys Networks Inc.
• Rapid Flow Technologies Inc.
• Verra Mobility
• Xerox Corporation
What Are The Key Trends In The Intelligent Transport System Market?
• Integration of AI and machine learning
• Connected vehicle technologies
• Electrification and sustainable mobility
• Cybersecurity in transportation
• Data analytics for traffic optimization
What Are The Segments Of The Global Intelligent Transport System Market?
• By Component: Hardware, Software, Services
• By System: Advanced Traffic Management Systems (ATMS), Advanced Traveler Information Systems (ATIS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS), Emergency Medical Systems (EMS)
• By Mode of Transport: Roadways, Railways, Airways
• By Application: Intelligent Traffic Control, Collision Avoidance, Parking Management, Ticketing Management, Automotive Telematics, Fleet Management And Asset Monitoring, Other Applications
Which Region Leads The Intelligent Transport System Market?
North America was the largest region in the intelligent transport system market in 2024. The regions covered in the intelligent transport system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
[Pre-book the Report for Swift Delivery](https://www.thebusinessresearchcompany.com/report/intelligent-transport-system-global-market-report)
What Is Covered In The Intelligent Transport System Market Global Market Report?
- Market Size Analysis: Analyze the Intelligent Transport System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Intelligent Transport System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Intelligent Transport System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Intelligent Transport System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
[Request Customization for this Report](https://www.thebusinessresearchcompany.com/Customise?id=10213&type=smp)
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
The Business Research Company offers comprehensive, data-rich research and insights across 27 industries and 60+ geographies. Our vast database of 1,500,000 datasets, in-depth secondary research, and unique insights from industry leaders empower you with the information you need to stay ahead. Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform that delivers updated forecasts to guide informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Intelligent Transport System Market: Robust Growth Predicted with CAGR of 10.6% in 2025 and 11.9% in 2029, Driven by Government Initiatives and Technological Advancements here
News-ID: 3831681 • Views: …
More Releases from The Business Research Company
Global Double-Sided Masking Tapes Market Expansion at 7.8% CAGR, Valued at $18.4 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Double-Sided Masking Tapes Market Size Forecast for 2025?
The market size of double-sided masking tapes has been experiencing consistent growth in recent years. The market will increase from a figure of $13.01 billion in 2024 to about $13.64 billion in 2025, demonstrating a compound annual growth rate…
Construction Adhesives Market on Path to Hit $18.32 Billion by 2029 at 9% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Construction Adhesives Market Outlook: What Size And CAGR Are Anticipated By 2025?
There has been a robust growth in the size of the construction adhesives market in the recent past. The market that was at $12.06 billion in 2024 is projected to rise to $12.95 billion in 2025, with a…
Future of Chromatography Resins Market: Size, Share & Forecasts to 2029
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Chromatography Resins Market by 2025?
In recent years, the market size of chromatography resins has experienced significant growth. Starting from a value of $2.95 billion in 2024, it is predicted to increase to $3.15 billion in 2025 with a compound annual growth…
Blow-Molded Plastics Industry Set to Achieve $128.73 Billion Milestone by 2029 | …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Blow-Molded Plastics Market Size 2025?
The market size of blow-molded plastics has seen constant enlargement in the previous few years. It is expected to rise from $97.17 billion in 2024 to $99.31 billion in 2025, at a compound annual growth rate (CAGR) of…
More Releases for Transport
Route Runners Auto Transport: Making Open Car Transport Easy
When it comes to shipping a vehicle, choosing the right transport method is key. For many individuals and businesses, open car transport remains the most cost-effective and efficient option. At Route Runners Car Transport Company [http://routerunnersautotransport.com/], customers can count on professional and affordable open car shipping services, backed by years of experience and a strong reputation in the auto transport industry.
Route Runners Car Transport Company is a trusted name offering…
Industry Leader CRC Transport Expands Auto Transport Services Nationwide
CRC Transport strengthens its footprint with expanded vehicle shipping and fleet logistics services, ensuring reliable transport for businesses and individuals.
Image: https://www.globalnewslines.com/uploads/2025/03/66f8b949bd58a433ce3f4cd0883e60c1.jpg
CRC Transport LLC [https://crctransport.us/], a leading provider of auto transport services [https://web.facebook.com/crctransportllc?_rdc=1&_rdr], is expanding operations across the United States to meet growing demand. The company is increasing its capacity to ensure businesses and individuals can access reliable and efficient vehicle transportation solutions.
With over a decade of industry experience, CRC Transport…
Countrywide Auto Transport Houston Launches Innovative Vehicle Transport Service …
Countrywide Auto Transport Houston has launched an innovative vehicle transport service aimed at providing fast, safe, and reliable auto shipping solutions across the U.S. This new service features advanced real-time tracking, nationwide coverage, and full insurance protection for transported vehicles, making it easier for individuals, dealerships, and businesses to ship vehicles with peace of mind.
Houston, TX - September 23, 2024 - Countrywide Auto Transport Houston [https://maps.app.goo.gl/b5yufLqmkrWr4VDp9], a trailblazer in the…
Refrigerated Transport Market Forecast Report by Mode of Transportation (Refrige …
The Refrigerated Transport Market
The global refrigerated transport market is on a trajectory of significant growth, with projections indicating an increase from $17.77 billion in 2023 to $27.07 billion by 2032. This expansion represents a compound annual growth rate (CAGR) of 4.79% from 2024 to 2032. The market's growth is primarily driven by the increasing demand for temperature-controlled logistics in supply chains to maintain the efficacy and shelf life of sensitive…
Countrywide Auto Transport Houston Introduces Innovative Vehicle Transport Solut …
Image: https://www.getnews.info/uploads/be5093d1c5731a7172fd589950dccdc0.png
Houston, TX - July 23, 2024 - Countrywide Auto Transport Houston, a leading player in the auto transport industry, is thrilled to announce the launch of its revolutionary vehicle transport services. This groundbreaking development is set to transform the way vehicles are transported across the nation, reaffirming Countrywide Auto Transport Houston's dedication to innovation and excellence in the auto transport sector.
Revving up the excitement, Countrywide Auto Transport Houston [https://maps.app.goo.gl/GYzGNcorAN4yzpeM6]…
Road Haulage Market SWOT Analysis by Key Players: Kindersly Transport, AM Cargo …
The business of transporting goods and service via roads is called road haulage. Haulage is the process of shifting goods from one place other either vertically or horizontally.
The road haulage market is expected to expand at a notable growth rate during the forecast period owing to the increase in demand for rapid, safe, and efficient ground transportation. Expansion of transportation and automotive industries has propelled the road haulage market. Increase…
