The intelligent transport system (ITS) market is forecasted to grow by USD 47,378.9 mn during 2024-2029, accelerating at a CAGR of 10% during the forecast period. The report on the intelligent transport system (ITS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing traffic congestion and road accidents, growing road freight logistics market, and growth in number of smart connected devices.
Market Scope |
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 8.8% |
CAGR | 10% |
Incremental Value | $47,378.9 mn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's intelligent transport system (ITS) market is segmented as below:
By Application
- Traffic management
- Toll management
- Automotive and infotainment telematics
- Public transport
- Others
By Type
- Advanced traffic management system
- Advanced traveller information system
- Advanced public transportation system
- Advanced transportation pricing system
- Others
By Mode Of Transportation
- Roadway
- Railway
- Airway
- Maritime
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing adoption of cloud computing for fleet management operations as one of the prime reasons driving the intelligent transport system (ITS) market growth during the next few years. Also, increase in number of smart city projects and increased use of meta-intelligence concept in transportation systems will lead to sizable demand in the market.
The report on the intelligent transport system (ITS) market covers the following areas:
- Intelligent Transport System (ITS) Market sizing
- Intelligent Transport System (ITS) Market forecast
- Intelligent Transport System (ITS) Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading intelligent transport system (ITS) market vendors that include 3M Co., Advantech Co. Ltd., AECOM, Airbus SE, Axiomtek Co. Ltd., Cubic Corp., EFKON GmbH, GMV Innovating Solutions SL, Hitachi Ltd., HR Green Inc., Indra Sistemas SA, Iteris Inc., Mundys S.p.A., Serco Group Plc, SICE TyS, Siemens AG, Stantec Inc., Sumitomo Electric Industries Ltd., Teledyne Technologies Inc., and Thales Group. Also, the intelligent transport system (ITS) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Mode of Transportation
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Intelligent Transport System (ITS) Market 2019 - 2023
- Historic Market Size - Data Table on Global Intelligent Transport System (ITS) Market 2019 - 2023 ($ million)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.3 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ million)
- 5.4 Mode of Transportation segment analysis 2019 - 2023
- Historic Market Size - Mode of Transportation Segment 2019 - 2023 ($ million)
- 5.5 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.6 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 The AI impact on Global intelligent transport system (ITS) Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Traffic management - Market size and forecast 2024-2029
- Chart on Traffic management - Market size and forecast 2024-2029 ($ million)
- Data Table on Traffic management - Market size and forecast 2024-2029 ($ million)
- Chart on Traffic management - Year-over-year growth 2024-2029 (%)
- Data Table on Traffic management - Year-over-year growth 2024-2029 (%)
- 8.4 Toll management - Market size and forecast 2024-2029
- Chart on Toll management - Market size and forecast 2024-2029 ($ million)
- Data Table on Toll management - Market size and forecast 2024-2029 ($ million)
- Chart on Toll management - Year-over-year growth 2024-2029 (%)
- Data Table on Toll management - Year-over-year growth 2024-2029 (%)
- 8.5 Automotive and infotainment telematics - Market size and forecast 2024-2029
- Chart on Automotive and infotainment telematics - Market size and forecast 2024-2029 ($ million)
- Data Table on Automotive and infotainment telematics - Market size and forecast 2024-2029 ($ million)
- Chart on Automotive and infotainment telematics - Year-over-year growth 2024-2029 (%)
- Data Table on Automotive and infotainment telematics - Year-over-year growth 2024-2029 (%)
- 8.6 Public transport - Market size and forecast 2024-2029
- Chart on Public transport - Market size and forecast 2024-2029 ($ million)
- Data Table on Public transport - Market size and forecast 2024-2029 ($ million)
- Chart on Public transport - Year-over-year growth 2024-2029 (%)
- Data Table on Public transport - Year-over-year growth 2024-2029 (%)
- 8.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 8.8 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by Type
- 9.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 9.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 9.3 Advanced traffic management system - Market size and forecast 2024-2029
- Chart on Advanced traffic management system - Market size and forecast 2024-2029 ($ million)
- Data Table on Advanced traffic management system - Market size and forecast 2024-2029 ($ million)
- Chart on Advanced traffic management system - Year-over-year growth 2024-2029 (%)
- Data Table on Advanced traffic management system - Year-over-year growth 2024-2029 (%)
- 9.4 Advanced traveller information system - Market size and forecast 2024-2029
- Chart on Advanced traveller information system - Market size and forecast 2024-2029 ($ million)
- Data Table on Advanced traveller information system - Market size and forecast 2024-2029 ($ million)
- Chart on Advanced traveller information system - Year-over-year growth 2024-2029 (%)
- Data Table on Advanced traveller information system - Year-over-year growth 2024-2029 (%)
- 9.5 Advanced public transportation system - Market size and forecast 2024-2029
- Chart on Advanced public transportation system - Market size and forecast 2024-2029 ($ million)
- Data Table on Advanced public transportation system - Market size and forecast 2024-2029 ($ million)
- Chart on Advanced public transportation system - Year-over-year growth 2024-2029 (%)
- Data Table on Advanced public transportation system - Year-over-year growth 2024-2029 (%)
- 9.6 Advanced transportation pricing system - Market size and forecast 2024-2029
- Chart on Advanced transportation pricing system - Market size and forecast 2024-2029 ($ million)
- Data Table on Advanced transportation pricing system - Market size and forecast 2024-2029 ($ million)
- Chart on Advanced transportation pricing system - Year-over-year growth 2024-2029 (%)
- Data Table on Advanced transportation pricing system - Year-over-year growth 2024-2029 (%)
- 9.7 Others - Market size and forecast 2024-2029
- Chart on Others - Market size and forecast 2024-2029 ($ million)
- Data Table on Others - Market size and forecast 2024-2029 ($ million)
- Chart on Others - Year-over-year growth 2024-2029 (%)
- Data Table on Others - Year-over-year growth 2024-2029 (%)
- 9.8 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
10 Market Segmentation by Mode of Transportation
- 10.1 Market segments
- Chart on Mode of Transportation - Market share 2024-2029 (%)
- Data Table on Mode of Transportation - Market share 2024-2029 (%)
- 10.2 Comparison by Mode of Transportation
- Chart on Comparison by Mode of Transportation
- Data Table on Comparison by Mode of Transportation
- 10.3 Roadway - Market size and forecast 2024-2029
- Chart on Roadway - Market size and forecast 2024-2029 ($ million)
- Data Table on Roadway - Market size and forecast 2024-2029 ($ million)
- Chart on Roadway - Year-over-year growth 2024-2029 (%)
- Data Table on Roadway - Year-over-year growth 2024-2029 (%)
- 10.4 Railway - Market size and forecast 2024-2029
- Chart on Railway - Market size and forecast 2024-2029 ($ million)
- Data Table on Railway - Market size and forecast 2024-2029 ($ million)
- Chart on Railway - Year-over-year growth 2024-2029 (%)
- Data Table on Railway - Year-over-year growth 2024-2029 (%)
- 10.5 Airway - Market size and forecast 2024-2029
- Chart on Airway - Market size and forecast 2024-2029 ($ million)
- Data Table on Airway - Market size and forecast 2024-2029 ($ million)
- Chart on Airway - Year-over-year growth 2024-2029 (%)
- Data Table on Airway - Year-over-year growth 2024-2029 (%)
- 10.6 Maritime - Market size and forecast 2024-2029
- Chart on Maritime - Market size and forecast 2024-2029 ($ million)
- Data Table on Maritime - Market size and forecast 2024-2029 ($ million)
- Chart on Maritime - Year-over-year growth 2024-2029 (%)
- Data Table on Maritime - Year-over-year growth 2024-2029 (%)
- 10.7 Market opportunity by Mode of Transportation
- Market opportunity by Mode of Transportation ($ million)
- Data Table on Market opportunity by Mode of Transportation ($ million)
11 Customer Landscape
- 11.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
12 Geographic Landscape
- 12.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
- 12.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 12.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 12.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 12.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 12.6 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 12.7 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 12.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 12.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 12.10 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 12.11 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 12.12 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 12.13 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 12.14 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ million)
- Data Table on Japan - Market size and forecast 2024-2029 ($ million)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 12.15 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 12.16 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 12.17 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ million)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 12.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
13 Drivers, Challenges, and Opportunity/Restraints
- 13.1 Market drivers
- 13.2 Market challenges
- 13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 13.4 Market opportunities/restraints
14 Competitive Landscape
- 14.1 Overview
- 14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 14.3 Landscape disruption
- Overview on factors of disruption
- 14.4 Industry risks
- Impact of key risks on business
15 Competitive Analysis
- 15.1 Companies profiled
- 15.2 Company ranking index
- 15.3 Market positioning of companies
- Matrix on companies position and classification
- 3M Co.
- 3M Co. - Overview
- 3M Co. - Business segments
- 3M Co. - Key news
- 3M Co. - Key offerings
- 3M Co. - Segment focus
- SWOT
- 15.5 Advantech Co. Ltd.
- Advantech Co. Ltd. - Overview
- Advantech Co. Ltd. - Business segments
- Advantech Co. Ltd. - Key news
- Advantech Co. Ltd. - Key offerings
- Advantech Co. Ltd. - Segment focus
- SWOT
- 15.6 Airbus SE
- Airbus SE - Overview
- Airbus SE - Business segments
- Airbus SE - Key news
- Airbus SE - Key offerings
- Airbus SE - Segment focus
- SWOT
- 15.7 Axiomtek Co. Ltd.
- Axiomtek Co. Ltd. - Overview
- Axiomtek Co. Ltd. - Product / Service
- Axiomtek Co. Ltd. - Key offerings
- SWOT
- 15.8 Cubic Corp.
- Cubic Corp. - Overview
- Cubic Corp. - Product / Service
- Cubic Corp. - Key offerings
- SWOT
- 15.9 EFKON GmbH
- EFKON GmbH - Overview
- EFKON GmbH - Product / Service
- EFKON GmbH - Key offerings
- SWOT
- 15.10 Hitachi Ltd.
- Hitachi Ltd. - Overview
- Hitachi Ltd. - Business segments
- Hitachi Ltd. - Key news
- Hitachi Ltd. - Key offerings
- Hitachi Ltd. - Segment focus
- SWOT
- 15.11 Indra Sistemas SA
- Indra Sistemas SA - Overview
- Indra Sistemas SA - Business segments
- Indra Sistemas SA - Key news
- Indra Sistemas SA - Key offerings
- Indra Sistemas SA - Segment focus
- SWOT
- 15.12 Iteris Inc.
- Iteris Inc. - Overview
- Iteris Inc. - Business segments
- Iteris Inc. - Key offerings
- Iteris Inc. - Segment focus
- SWOT
- 15.13 Serco Group Plc
- Serco Group Plc - Overview
- Serco Group Plc - Business segments
- Serco Group Plc - Key offerings
- Serco Group Plc - Segment focus
- SWOT
- 15.14 Siemens AG
- Siemens AG - Overview
- Siemens AG - Business segments
- Siemens AG - Key news
- Siemens AG - Key offerings
- Siemens AG - Segment focus
- SWOT
- 15.15 Stantec Inc.
- Stantec Inc. - Overview
- Stantec Inc. - Business segments
- Stantec Inc. - Key news
- Stantec Inc. - Key offerings
- Stantec Inc. - Segment focus
- SWOT
- 15.16 Sumitomo Electric Industries Ltd.
- Sumitomo Electric Industries Ltd. - Overview
- Sumitomo Electric Industries Ltd. - Business segments
- Sumitomo Electric Industries Ltd. - Key news
- Sumitomo Electric Industries Ltd. - Key offerings
- Sumitomo Electric Industries Ltd. - Segment focus
- SWOT
- 15.17 Teledyne Technologies Inc.
- Teledyne Technologies Inc. - Overview
- Teledyne Technologies Inc. - Business segments
- Teledyne Technologies Inc. - Key news
- Teledyne Technologies Inc. - Key offerings
- Teledyne Technologies Inc. - Segment focus
- SWOT
- 15.18 Thales Group
- Thales Group - Overview
- Thales Group - Business segments
- Thales Group - Key news
- Thales Group - Key offerings
- Thales Group - Segment focus
- SWOT
16 Appendix
- 16.1 Scope of the report
- 16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 16.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 16.4 Research methodology
- 16.5 Data procurement
- 16.6 Data validation
- 16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 16.8 Data synthesis
- 16.9 360 degree market analysis
- 360 degree market analysis
- 16.10 List of abbreviations