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Intelligent Transportation System (ITS) Market Size By Mode of Transport (Roadways [System {Advanced Traffic Management System (ATMS), Advanced Traveler Information System (ATIS), Advanced Transportation Pricing System (ATPS), Advanced Public Transport System (APTS), Advanced Rural Transportation System (ARTS), Commercial Vehicle Operation}, Component {Hardware (Telecommunication Networks, Interface Boards, Sensors, Monitoring and Detection System, Surveillance Camera), Software (Visualization Software, Video Detection Management Software, Transit Management System), Service (Professional Services, Installation, Maintenance and Operation)}, Application {Traffic Management, Road Safety, Freight Management, Parking Management, Road-User Charging/ETC, Telematics}], Railways [Component {Solution (Rail Traffic Management, Asset Management Software, Rail Communication and Networking, Real-time Passenger Information System (Freight Management), Rail Analytics), Service (Professional Services, Installation, Maintenance and Operation)}, Application {Smart Ticketing, Passenger Information Management, Operation and Collision Avoidance, Security, Emergency Notification}], Airways [System {Information Display System, Tracking and Monitoring System, Self-Service Baggage System, Kiosks, Communication and Networking, Smart Gate System}, Application {Security, Smart Ticketing, Bus Tracking, Fleet Management (Aircraft Management), Emergency Notification, Passenger Information}], Marine [System {Maritime Navigation and Information System, Tracking and Monitoring System, Vessel Traffic Management System}, Application {Freight Movement (Container), Security and Emergency Notification, Weather Information, Marine Arrival and Transit}]), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI178
  • Published Date: Jul 2021
  • Report Format: PDF

Industry Trends

Intelligent Transportation System Market size exceeded USD 40 billion in 2020 and is projected to expand at over 9% CAGR from 2021 to 2027. Several government organizations are focusing on improving their transportation infrastructure to ensure overall economic development, which is likely to fuel the industry growth.

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The Russian government is undertaking a USD 87.5 billion modernization plan to modernize the country’s railways, highways, airports, ports, and other transportation infrastructure by 2030. The government allocated another USD 66.6 billion for the Safe and High-Quality Highway project. The project will improve the connectivity of Russian cities and develop strategic road routes.

The coronavirus pandemic hindered the ITS market growth in the first half of 2020 due to lockdowns imposed by government organizations. The industry witnessed a temporary downfall owing to disruptions in the supply chains, hampering the manufacturing and R&D capabilities of companies. New transportation infrastructure development projects observed delays by restrictions imposed on travel. With relaxations in the lockdowns in the second half of 2021, the industry will witness robust growth. Intelligent transportation systems, such as contactless access control and smart ticketing systems, will increasingly be adopted across public transportation terminals in the wake of the pandemic.

The modernizing roadway infrastructure in the U.S. to foster the intelligent transportation system market growth

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The U.S. market revenue is expected to register a growth rate of more than 12% through 2027 on account of the rapidly evolving & developing roadway infrastructure. The American Jobs Plan aims to modernize over 20,000 miles of roads, highways and main streets. It will renovate the most economically vital bridges in the country that require reconstruction.

The Intelligent Transportation Systems Joint Program Office (ITS JPO) within the U.S. Department of Transportation’s (U.S. DOT’s) Research and Innovative Technology Administration conducts research on behalf of the U.S. DOT and all major modes to develop transportation mobility, safety & environmental sustainability. The ITS JPO Strategic Plan 2020 - 2025 will boost the implementation of several modern ICT technologies such as electronic toll collection and traveler information systems.

Government organizations are also focusing on incorporating ITS across public transit terminals to ensure passenger convenience. The U.S. transportation agencies, the Utah Transit Authority (UTA) and Chicago Transit Authority (CTA) have completely operative fare collection systems accepting contactless bank cards at entry and exit points. Similarly, in May 2021, Monterey-Salinas Transit (MST) in partnership with Cybersource, Visa, Caltrans, Littlepay, and SC Soft became the first transportation agency to offer contactless payment option to bus riders in California. The revolutionizing and modernizing roadway infrastructure that adopts intelligent transportation systems will augment the ITS market revenue.

Increasing implementation of intelligent transportation systems across railways in Europe to propel the industry statistics

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The Europe intelligent transportation system market accounted for about 25% of the revenue share in 2020 and is set to witness rapid growth through 2027 led by the government efforts targeted at developing and modernizing new railway infrastructures. In June 2020, the government of Germany announced USD 3 billion package for the public transport sector, as a part of the country-wide recovery program impelled by the ongoing pandemic. Deutsche Bahn is partnering with the German federal government to offer a range of digitalization enhancements across the country’s railway network in 2021.

The Germany railways application is estimated to grow at around 8% CAGR during 2021 to 2027. Several companies operating in the region are focusing on implementing intelligent transportation systems to enhance Germany’s railway network. For instance, in March 2021, Alstom announced that it will install a digital interlocking in Coburg, Germany for DB Netz AG, to support Deutsche Bahn’s Digitale Schiene Deutschland program. Upon installation, the technology will transmit rail control information digitally, improving the line’s passenger capacity while reducing CO2 emissions.

Digitalizing rail interlockings is one of the vital steps in launching European Train Control (ETCS) in Germany. Deutsche Bahn AG plans to digitalize its railway network and interlockings by 2035 to modernize the country’s railway lines.

Introduction of innovative ITS solutions form a key strategy amongst market players

The industry participants are focusing on launching differentiated solutions to solidify their position in the intelligent transportation system market. For example, in March 2021, Thales Group launched new digital railway solutions to improve passenger convenience and operations efficiency for greener mobility. Based on artificial intelligence video analytics, the solution uses the existing CCTV network on stations and onboard trains to offer real-time information on passenger density.

Market leaders are focusing on the advent of 5G to offer solutions that provide real-time information instantaneously with zero delays. Increasing competition among industry players to launch innovative solutions for the development of smart cities will spur the market growth.

Key intelligent transportation system market players include Alstom SA, Cisco Systems Inc., Garmin Limited, Indra Sistemas, S.A, Kapsch Group, Northrop Grumman Corporation, Raytheon Technologies, Siemens AG, and Thales Group.

This intelligent transportation system (ITS) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:
Market, By Mode of Transport

  • Roadways
    • System
      • Advanced Traffic Management System (ATMS)
      • Advanced Traveler Information System (ATIS)
      • Advanced Transportation Pricing System (ATPS)
      • Advanced Public Transport System (APTS)
      • Advanced Rural Transportation System (ARTS)
      • Commercial Vehicle Operation (CVO)
    • Component
      • Hardware
        • Telecommunication networks
        • Interface boards
        • Sensors
        • Monitoring & detection systems
        • Surveillance camera
      • Software
        • Visualization software
        • Video detection management software
        • Transit management system
        • Others
      • Service
        • Professional service
        • Installation, maintenance and operation
    • Application
      • Traffic management
      • Road safety
      • Freight management
      • Parking management
      • Road-user charging/ETC
      • Telematics
  • Railways
    • Component
      • Solution
        • Rail traffic management
        • Asset management software
        • Rail communication & networking
        • Real-time passenger information system (Freight management)
        • Rail analytics
      • Service
        • Professional service
        • Installation, maintenance and operation
    • Application
      • Smart ticketing
      • Passenger information management
      • Operation and collision avoidance
      • Security
      • Emergency notification
      • Others
  • Airways
    • System
      • Information display system
      • Tracking & monitoring system
      • Self-service baggage system
      • Kiosks
      • Communication & networking
      • Smart gate system
      • Others
    • Application
      • Security
      • Smart ticketing
      • Bus tracking
      • Fleet management (aircraft management)
      • Emergency notification
      • Passenger information
      • Others
  • Marine
    • System
      • Maritime navigation and information system
      • Tracking and monitoring system
      • Vessel traffic management system
    • Application
      • Freight movement (container)
      • Security and emergency notification
      • Weather information
      • Marine arrival and transit
      • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Singapore
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Colombia
    • Argentina
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa
    • Israel
Authors: Preeti Wadhwani, Saloni Gankar

Frequently Asked Questions (FAQ) :

Intelligent Transportation System market had recorded over USD 40 billion revenue in 2020 and will grow at a CAGR of over 9% through 2027, says this GMI report.
Intelligent transportation system market in the U.S. will record a CAGR of over 12% through 2027 with the rapidly evolving and developing roadway infrastructure.
Europe intelligent transportation system market had held about 25% revenue share in 2020 on account of the government efforts aimed at the development and modernization of railway infrastructures
Germany intelligent transportation system market will register a CAGR of around 8% through 2027 from railways application with growing focus of companies on implementing smart transportation systems.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 20
  • Tables & Figures: 1018
  • Countries covered: 22
  • Pages: 500
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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