What Is Driving Global Intelligent Transport System Market Growth in 2025: The Role of Role Of Intelligent Transport Systems In Addressing Rising Road Accidents And Driving Market Growth

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Intelligent Transport System Market Size Growth Forecast: What to Expect by 2025?
The market size for the intelligent transport system has seen substantial growth in the past few years. It is projected to expand from $36.34 billion in 2024 to $39.9 billion in 2025, showing a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this historical growth include government initiatives, heightened safety measures, concerns for environmental sustainability, growing vehicle ownership, and urbanization trends.

How Will the Intelligent Transport System Market Size Evolve and Grow by 2029?
It is anticipated that the market size of the intelligent transport system will experience a swift expansion in the coming years. By 2029, it is projected to escalate to $61.79 billion, with a compound annual growth rate (CAGR) of 11.6%. This growth during the period under discussion can be a result of factors such as the advent of autonomous vehicles, the integration of IoT, initiatives towards smart cities, environmental guidelines, and public-private collaborations. Key trends during this forecasted period include the amalgamation of AI and machine learning, technologies related to connected vehicles, electrification along with sustainable mobility, transport cybersecurity, and the use of data analytics for traffic optimization.

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What Drivers Are Propelling the Growth of Intelligent Transport System Market Forward?
The rise in road accidents is anticipated to boost the intelligent transport system market's expansion in the future. An accident is defined as a collision on a public highway involving at least one vehicle, resulting in injury or fatality to at least one individual. Intelligent Transport Systems (ITS) applications such as traffic signal control systems, speed cameras, and road safety cameras play a crucial role in overseeing and enforcing traffic regulations, ensuring that motorists adhere to road safety rules. For example, the National Highway Traffic Safety Administration, a U.S. federal government agency under the Department of Transportation, reported in September 2022 that an estimated 20,175 individuals died in on-road car accidents in the first half of 2022 in the US, marking a 0.5% rise from 2021. The escalating number of road accidents hence serves as a driving force for the growth of the intelligent transport system market.

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Which Emerging Trends Are Transforming the Intelligent Transport System Market in 2025?
Many of the leading firms in the intelligent transport systems sector are introducing novel products, such as the Onboard Driver Assistance and Warning System (ODAWS), to enhance road safety by providing drivers with real-time alerts on highway infrastructure conditions. The Onboard Driver Assistance and Warning System (ODAWS) was created indigenously under the Intelligent Transportation System (ITS) as a part of the InTranSE-II initiative by the Ministry of Electronics and Information Technology (MeitY) within India. For instance, in the year 2022 in the month of April, an Indian government organization, the Ministry of Electronics and Information Technology (MeitY), introduced Intelligent Transportation Systems (ITS) solutions directed towards the improvement of traffic flows. This project necessitated the creation of several sub-modules which include a navigational unit, a console for driver assistance, and a mmWave radar sensor. Some of the indigenous technologies brought forward through this venture comprise of an Onboard Driver Assistance, as well as a Warning System (ODAWS), Bus Signal Priority System, and CoSMiC software. The main goal of ODAWS is to enhance road safety through the provision of real-time alerts to drivers. Furthermore, the Bus Signal Priority System is geared towards improving the operations of typical traffic signal systems to better facilitate public transportation.

What Are the Key Segments in the Intelligent Transport System Market?
The intelligent transport systemmarket covered in this report is segmented -

1) By Component: Hardware, Software, Services
2) 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)
3) By Mode of Transport: Roadways, Railways, Airways
4) By Application: Intelligent Traffic Control, Collision Avoidance, Parking Management, Ticketing Management, Automotive Telematics, Fleet Management And Asset Monitoring, Other Applications

Subsegments:
1) By Hardware: Traffic Sensors, CCTV Cameras, Variable Message Signs (VMS), Communication Equipment, Electronic Toll Collection Systems
2) By Software: Traffic Management Software, Fleet Management Software, Public Transport Management Software, Incident Management Software, Data Analytics Software
3) By Services: Consulting Services, System Integration Services, Maintenance And Support Services, Training And Education Services, Managed Services

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Who Are the Key Players Shaping the Intelligent Transport System Market's Competitive Landscape?
Major companies operating in the intelligent transport system market include 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 Geographic Markets Are Powering Growth in 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.

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