Intelligent Transportation System (ITS) Market Size By Application (Road Safety and Security, Traffic Management, Freight Management, Parking Management, Public Transport, Environment Protection, Road User Charging, Automotive Telematics), By Product (ATMS, ATPS, ATIS, APTS, Cooperative vehicle systems),Industry Analysis Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022

Published Date: March 2016 | 112 Pages | Report ID: GMI178 Report Format: PDF

  Request Sample Inquiry Before Buying
Summary Table of Contents Industry Coverage Methodology Request for Customization

Industry Trends

Intelligent Transportation System (ITS) Market size is expected to reach USD 47.5 billion by 2022, growing at a CAGR of over 13% from 2015 to 2022.

U.S. ITS market size by application, 2012-2022 (USD Million)

U.S. ITS market size by application, 2012-2022 (USD Million)

Attributes such as performance enhancement of transportation system along with the need for road safety is expected to drive the industry demand. Numerous initiatives are being undertaken in order to set up advanced traffic management systems and increase awareness regarding the importance of road safety measures.

ATPS market was valued at USD 4.8 billion in 2014 and is likely to be worth USD 13.2 billion by 2022, growing at over 13%. High cost ratio and improved supply chain process offered by deployment of these systems has granted economic benefits in emerging countries including Brazil, India, China, South Africa and Russia. In addition, these assist users in diminishing overall travel time and fuel consumption by avoiding overcrowded routes. Chief manufacturers in emerging and established industries are installing these systems to differentiate their products from competitors.

Developed markets such as North America and Europe have mandated the usage of ESC (electronic stability control) systems, a driver assistance system in commercial as well as passenger vehicles. Proliferating applications of these systems is anticipated to positively impact intelligent transportation system market growth over the several upcoming years. Increasing death rate due to rising road traffic has incurred high cost and is likely to account for around 2% of the country’s gross domestic product (GDP). The impact on economic development is critical in low and middle income economies.

Rising needs for interoperability is projected to hinder the intelligent transportation system market growth over the forecast period. It is a major issue for electronic toll collection systems (ETC), owing to difference in toll collection technologies implementations by operators across the globe. For instance, in Europe, dedicated short range communications (DSRC) and GPS/GSM technology is employed for ETC systems for toll collection on highways. Conversely, this restraint is likely to be diminished by increasing standardization in services as well as the ITS market.

Intelligent Transportation System (ITS) Market, By Product

ATMS market size was valued at over USD 7 billion in 2014 and is likely to reach USD 18.4 billion by 2022. Implementation of these systems aids in detecting weather conditions, avoid accidents and roadway vulnerabilities. The equipment is integrated with the traffic control system that aids in reducing congestion and also ensures effective and efficient use of road space.

APTS systems help in increasing efficiency and also enhance overall safety, with the segment expected to grow at a CAGR of over 13% from 2015 to 2022. Its key applications include bus arrival notification systems, automatic vehicle location system and real-time passenger information systems.

Intelligent Transportation System (ITS) Market, By Application

Various traffic management systems include bridge traffic management systems, ramp metering and vehicle detection systems. They help in enhancing operation performance and also offer reliable road networks.

Road user charging is anticipated to grow at 12% from 2015 to 2022. The segment is expected to dominate the industry owing to development of new technology solutions such as vehicle miles travelled and high-occupancy toll lanes.

Intelligent Transportation System (ITS) Market, By Region

Asia Pacific intelligent transportation system market size is predicted to experience significant growth owing to rising advancements in sensor technologies. This can be credited to significant adoption in countries such as India and China. Latin America ITS market size is estimated to grow at over 13% over the next seven years.

North America ITS market share was valued over USD 7 billion in 2014. Favorable regulatory initiatives paired with promotional activities are likely to spur the demand growth in the region. The European Commission has taken initiatives to make investments such as EasyWay, Galileo and eSafety, which is further expected to stimulate the regional industry growth. Germany ITS market size is forecast to grow at over 11% up to 2022.

Competitive Market Share

The industry is fairly competitive, with the top ten industry participants accounting for major intelligent transportation system market share in 2014. Notable participants include Kapsch TrafficCom, Siemens AG, Hitachi Ltd., Q-Free ASA, SWARCO AG, TomTom NV, Garmin International, Denso, IBM Corp, and Xerox Corp.


What Information does this report contain?

Historical data coverage: 2012 to 2014; Growth Projections: 2015 to 2022.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Why Global Market Insights?

 Comprehensive Research
  • All-inclusive coverage
  • In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
  • Penetrative insights & latest trends
  • Offers holistic understanding of the market
 Data Accuracy & Reliability
  • Unique methodology
  • Iterative in nature to eliminate errors
  • Detailed methodology, scope, assumptions and data sources available for reference
 Post-Sales Support
  • Committed to making a positive difference for our clients
  • Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
  • Every purchase comes with an option to obtain additional information:
    • up to 10% of the original cost
    • 45-minute analyst tele-call to obtain further clarity on the market.
 Security & Confidentiality
  • Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
  • Only PCI-DSS compliant payment methods used for highest level of client data security
This site is protected by Trustwave's Trusted Commerce program Authorize.Net Merchant - Click to Verify

Connect with our sales team

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info. I Agree