Intelligent Transportation System Market by Offering, System, Function, Application

Description

List of Tables

[187 Pages Report] The Intelligent Transportation System Market size was estimated at USD 50.15 billion in 2023 and expected to reach USD 53.93 billion in 2024, at a CAGR 7.78% to reach USD 84.77 billion by 2030.

An intelligent transport system aims to achieve transport efficiency by providing innovative services relating to various modes of transport and traffic management. Intelligent transport systems have become an indispensable component of the concept of smart cities transmuting cities into digital societies, making the lives of citizens easy in every facet. It provides users with prior information about traffic, local convenience, real-time running information, and seat availability, reducing commuters' travel time and enhancing their safety and comfort. The surging adoption of advanced connected and autonomous vehicles with enhanced safety features and tracking capabilities is accelerating the deployment of the intelligent transport system in automobiles. However, the high installation and maintenance cost of these systems may limit their adoption by consumers. Moreover, ongoing advancements and improvements in intelligent transportation systems, along with initiatives implemented by governments worldwide to develop smart infrastructure, are expected to encourage the adoption of smart transportation systems worldwide.

KEY MARKET STATISTICS
Base Year [2023]	USD 50.15 billion
Estimated Year [2024]	USD 53.93 billion
Forecast Year [2030]	USD 84.77 billion
CAGR (%)	7.78%

Offering: Growing emphasis on creating sustainable and efficient transportation systems

The hardware components are the backbone of any intelligent transport system (ITS), encompassing various traffic detection and surveillance devices, display boards, integration platforms, and communication networks. Hardware comparison should consider manufacturing techniques, durability, maintenance requirements, compatibility, and cost-effectiveness. Hardware offerings include interface boards, monitoring & detection systems, sensors, surveillance cameras, and telecommunication networks. Interface boards are primarily used for connecting multiple devices. They are integral to ITS as they ensure data transfer efficiency but vary in speed, capacity, and compatibility with other components. Interface boards comprise communication boards, multifunctional boards, and vehicle detection boards. Communication boards, crucial for transmitting information between devices, have evolved significantly with the advent of faster, more secure technologies. However, they require continuous upgrades to stay current. Multifunctional boards, known for their versatility, can perform multiple tasks simultaneously. Their performance, flexibility, and scalability make them valuable. Nevertheless, these may need higher power capacity and space. Vehicle detection boards are key in identifying vehicle presence and facilitating traffic control. While they enhance road security, their reliability can be affected by environmental factors. Monitoring and detection systems provide real-time data on traffic conditions. These systems promote efficiency but need robust data management and cybersecurity measures. Sensors, including pedestrian presence, speed, and vehicle detection sensors, provide crucial data to traffic management systems. However, their performance may be influenced by weather conditions.

Pedestrian presence sensors detect pedestrians' movements and locations, ensuring their safety. They can trigger alerts for pedestrian crossing and modify traffic signals accordingly, helping in the smooth flow of both pedestrian and vehicular traffic. Speed sensors measure the speed of approaching vehicles, thereby assisting administrators in traffic regulation. These crucial devices are pivotal in maintaining road safety, enforcing traffic rules, and managing congestion effectively. Vehicle detection sensors detect moving vehicles' presence, size, and speed. They help in dynamic traffic signal control, toll collection, and traffic management during peak hours, enhancing operational efficiency and user satisfaction. Surveillance cameras, such as AID and thermal cameras, act as the eyes of ITS, ensuring safety and smooth traffic flow. However, their effectiveness may be hindered by visibility issues. AID cameras efficiently detect traffic incidents such as collisions or congestion in real-time, allowing quick responses by traffic management authorities. They perform round-the-clock monitoring, contributing to the effective management of road networks. Thermal cameras discern the heat emitted by vehicles, facilitating vehicle detection in challenging weather conditions, low light, or during the night, thereby improving the overall safety of transportation systems. Telecommunication networks, comprising copper lines, fiber optic cables, and wireless media, form the backbone of ITS, ensuring connectivity among various elements. However, their capacity, speed, cost, and susceptibility to interference differ. Copper lines provide a cost-effective voice and data transmission solution over shorter distances. Most commonly used in legacy systems, it is still prevalent in many transportation facilities. Fiber optic cables offer high-speed data transfer over extended distances with minimal loss. They're ideal for modern intelligent transportation systems requiring robust and reliable data communication. Wireless media provides flexible, scalable, and easy-to-install communication solutions. It supports real-time data transmission from multiple devices, such as sensors, surveillance cameras, and traffic management systems.

Service quality in ITS includes efficiency, responsiveness, reliability, safety, and effectiveness of transport management. Key services may include traffic prediction, data collection & analysis, vehicle-to-vehicle communication, and user experience. Comparative assessments should consider effectiveness, user satisfaction, cost, and regional adoption rates. Service in ITS includes business & cloud services and support & maintenance services. The shift towards digitalization has paved the way for business and cloud services in ITS. These services aim to improve the efficiency and scalability of transit systems by providing real-time data storage and access, remote operation capabilities, and advanced analytics. The complexity of ITS requires robust support and maintenance services. Providers are offering round-the-clock technical support, regular system updates, intrusion detection and response, and hardware maintenance to ensure the seamless functioning of the transportation systems.

Software plays a crucial role in the ITS ecosystem by managing data, enabling communication, and automating processes. The software includes transit management software, video detection management software, and visualization software. Transit management software is designed to optimize operations and enhance the passenger experience. It encompasses route planning, schedule management, fare collection, and real-time passenger information systems. Video detection management software is a critical tool within ITS, enhancing traffic surveillance and incident detection. These software systems use video analytics algorithms to detect, count, and classify vehicles and manage dynamic traffic lights based on real-time traffic conditions. Visualization software tools are necessary for the effective decision-making process within the intelligent transportation system. They provide graphical visualization of traffic scenarios, transit routes, and V2X communication, which helps understand traffic flow dynamics and promote safer mobility solutions. Each software has unique features, user experiences, reliability, and compatibility.

System: Rising adoption of commercial vehicle operation (CVO) systems for enhancing the operational efficiency of commercial logistics

Advanced public transportation systems (APTS) enhance public transportation efficiency and safety by leveraging technologies such as geographical information systems (GIS), GPS, and automated vehicle location systems. This system provides real-time passenger information and automated fare collection, enhancing convenience and improving the overall transit experience for the riders. Advanced traffic management systems (ATMS) play a crucial role in intelligent transportation, helping regulate traffic, reduce congestion, and manage incidents on the road. Advanced technologies such as adaptive signal control technologies and video vehicle detection systems assist in vehicle detection surveillance and assist motorists with alternative routes in case of congestion or accidents. Advanced transportation pricing system (ATPS) is a revenue-oriented system aimed at optimizing flow, reducing congestion, and ensuring smoother transportation. It employs road pricing, toll collection, and parking pricing to manage the vehicles, reducing the need for new infrastructure and promoting public transit. Advanced traveler information systems (ATIS) aim to provide accurate, timely, and actionable information to travelers, including data on traffic conditions, transit schedules, route guidance, and roadside services. Information is communicated via pre-trip and en-route modes through variable message signs, highway advisory radios, or personal devices, aiming at improved travel convenience and road usage efficacy. The commercial vehicle operation (CVO) system is specifically tailored to assist commercial vehicle operations, including fleet management, load balancing, oversize/overweight vehicle permitting, and on-board safety inspections. Overall, these systems ensure a comprehensive approach to effective resource and capacity management in transportation, aiming at improved travel experience, safety, and operational efficiency. The systems collectively build a robust and intelligent transportation system by integrating advanced IT and communication systems.

Function: Wider application of intelligent traffic controls for optimal traffic management

Collision avoidance systems utilize advanced technologies that enhance the safety of vehicular transport. They rely on radars, sensors, and cameras to monitor surrounding vehicles and pedestrians, issuing alerts or taking direct control to prevent potential collisions. However, the efficiency of this system depends on integrating other vehicles and systems, which could be a potential setback. Fleet and asset management systems are critical for logistics and transportation companies. They provide real-time tracking, maintenance planning, efficient route planning, and the management of fuel costs. Intelligent traffic controls dynamically respond to varying traffic conditions, optimizing flow and reducing congestion. These systems incorporate sophisticated algorithms, sensors, and machine learning to facilitate optimal traffic management. Parking management systems simplify locating and paying for parking in urban areas. They offer cashless payments, smart allocation of parking spots, and efficient turnover rates. They need help with user privacy concerns and universal integration with varying parking facilities despite their convenience.

Passenger information management systems ensure information regarding the status of public transport is easily accessible to passengers. These systems greatly improve the passenger experience but rely heavily on data accuracy and seamless integration with other transport networks. Intelligent transportation systems providing security, surveillance, and emergency notification features focus on maintaining safety in transportation. They monitor transportation networks for suspicious activities or irregularities and send real-time alerts. E-ticketing and electronic toll collection systems provide increased convenience, removing the need for physical tickets and avoiding traffic congestion at toll booths. They facilitate seamless travel and efficient revenue collection through cashless, automatic fare transactions. Nevertheless, the success of these systems depends on technological infrastructure, user acceptance, and protection against electronic fraud. While each component of the intelligent transportation system offers significant value, concerns surround their implementation, privacy, connectivity, and user acceptance, among others. Balancing convenience and efficiency with these concerns play a key role in the success of ITS implementation.

Application: Significant use of intelligent transportation system to improve flight safety and operational productivity

Intelligent transportation systems (ITS) in the aviation sector contribute significantly to air travel's safety, efficiency, and reliability. These systems include air traffic management (ATM) that facilitates efficient route planning, weather forecasting, and collision avoidance systems. ITS applications in the maritime industry enhance navigational safety and efficiency by implementing the automatic identification system (AIS). AIS integrates GPS, VHF communications, and electronic chart display and information system (ECDIS) to track vessels and avoid collisions. ITS transforms the railway sector by offering real-time monitoring through positive train control (PTC) and advanced traffic management systems technologies. These enable effective rail traffic routing, scheduling, and incident responses. ITS in roadways improves road safety, minimizes traffic congestion, and reduces environmental impact through advanced traffic management systems (ATMS) and intelligent vehicle systems. These systems offer real-time traffic monitoring and facilitate intelligent speed adaptation, lane departure warning, and collision avoidance systems. In conclusion, while implementing ITS across these transportation sectors promises improved safety and efficiency, it also comes with specific challenges.

Regional Insights

Intelligent transportation systems are highly developing in the Americas owing to the increasing adoption of technologically advanced vehicles and the implementation of cutting-edge technologies to manage the rising traffic concerns. The emphasis of various governments to improve transportation infrastructure is encouraging the adoption of intelligent transportation systems in the APAC region. The increasing demand for advanced technology and rapid expansion of transportation networks are expected to increase the deployment of the intelligent transportation system industry in the APAC region. The surge in the production of autonomous vehicles and government norms for enhancing the safety of vehicles are accelerating the deployment of intelligent transportation systems in automobiles in the EMEA region. Additionally, the ongoing research and integration of breakthrough technologies to improve safety and enhance the operational efficiency of transportation systems are expected to create lucrative opportunities for the growth of the intelligent transportation systems market worldwide.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Intelligent Transportation System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Intelligent Transportation System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Intelligent Transportation System Market, highlighting leading vendors and their innovative profiles. These include AECOM, Agero, Inc., Axiomtek Co., Ltd., Bosch Sicherheitssysteme GmbH, Bridgestone Corporation, Cellint Traffic Solutions Ltd., Conduent Business Services, LLC, Cubic Corporation, Daktronics, Denso Corporation, DIMTS Ltd., EFKON GmbH, European Telecommunications Standards Institute, Garmin Ltd., GMV Innovating Solutions S.L., Hitachi, Ltd., Indra Sistemas, S.A., Intel Corporation, International Business Machines Corporation, Iteris, Inc., Kapsch TrafficCom AG, Lanner Electronics, Inc., Mitsubishi Heavy Industries, Ltd., N-iX Ltd, PTV Planung Transport Verkehr GmbH, Q-Free ASA, Ricardo PLC, Sensys Networks, Inc., Serco Inc., Siemens AG, Singapore Technologies Engineering Ltd, Stantec Inc., SWARCO AG, TagMaster, Teledyne FLIR LLC, TomTom International BV, TransCore by Roper Technologies, Inc., Transmax Pty Ltd., Verra Mobility Corporation, WSP Global Inc., and Xerox Corporation.

Market Segmentation & Coverage

This research report categorizes the Intelligent Transportation System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Hardware
  - Interface Boards
    - Communication Boards
    - Multifunctional Boards
    - Vehicle Detection Boards

Monitoring & Detection Systems
Sensors
- Pedestrian Presence Sensors
- Speed Sensors
- Vehicle Detection Sensors

Surveillance Cameras
- AID Cameras
- Thermal Cameras

Telecommunication Networks
- Copper Lines
- Fiber Optic Cables
- Wireless Media

Services
- Business & Cloud Services
- Support & Maintenance Services

Software
- Transit Management Software
- Video Detection Management Software
- Visualization Software

System
- Advanced Public Transportation Systems (APTS)
- Advanced Traffic Management Systems (ATMS)
- Advanced Transportation Pricing System (ATPS)
- Advanced Traveler Information Systems (ATIS)
- Commercial Vehicle Operation (CVO) Systems

Function
- Collision Avoidance
- Fleet & Asset Management
- Intelligent Traffic Control
- Parking Management
- Passenger Information Management
- Security, Surveillance, & Emergency Notification
- Ticketing & Toll Collection

Application
- Aviation
- Maritime
- Railways
- Roadways

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Intelligent Transportation System Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Intelligent Transportation System Market?

3. What are the technology trends and regulatory frameworks in the Intelligent Transportation System Market?

4. What is the market share of the leading vendors in the Intelligent Transportation System Market?

5. Which modes and strategic moves are suitable for entering the Intelligent Transportation System Market?

Product Code: MRR-43127F7279C7

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing adoption of connected and autonomous vehicles worldwide
  - 5.1.1.2. Digital revolution in the automotive and transportation industry and increasing concerns toward public safety
  - 5.1.1.3. Integration of transportation systems with navigation systems coupled with growing traffic congestion problems
- 5.1.2. Restraints
  - 5.1.2.1. High cost of installation and maintenance of intelligent transportation system
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancement in the intelligent transportation system to optimize logistics and supply chain operations
  - 5.1.3.2. Government initiative for the development of smart infrastructure and smart cities
- 5.1.4. Challenges
  - 5.1.4.1. Lack of standardization and security concerns
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Growing emphasis on creating sustainable and efficient transportation systems
- 5.2.2. System: Rising adoption of commercial vehicle operation (CVO) systems for enhancing the operational efficiency of commercial logistics
- 5.2.3. Function: Wider application of intelligent traffic controls for optimal traffic management
- 5.2.4. Application: Significant use of intelligent transportation system to improve flight safety and operational productivity
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Intelligent Transportation System Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Intelligent Transportation System Market, by System

7.1. Introduction
7.2. Advanced Public Transportation Systems (APTS)
7.3. Advanced Traffic Management Systems (ATMS)
7.4. Advanced Transportation Pricing System (ATPS)
7.5. Advanced Traveler Information Systems (ATIS)
7.6. Commercial Vehicle Operation (CVO) Systems

8. Intelligent Transportation System Market, by Function

8.1. Introduction
8.2. Collision Avoidance
8.3. Fleet & Asset Management
8.4. Intelligent Traffic Control
8.5. Parking Management
8.6. Passenger Information Management
8.7. Security, Surveillance, & Emergency Notification
8.8. Ticketing & Toll Collection

9. Intelligent Transportation System Market, by Application

9.1. Introduction
9.2. Aviation
9.3. Maritime
9.4. Railways
9.5. Roadways

10. Americas Intelligent Transportation System Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Intelligent Transportation System Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Intelligent Transportation System Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. SSI and TransCore to Partner on Next-Gen Intelligent Transportation.
- 13.3.2. IDIS Co., Ltd. to acquire Costar Technologies, Inc.
- 13.3.3. Rossi Group Acquires Rybinski Engineering.
- 13.3.4. EbixCash Bags Intelligent Transport Management Contract for Maharashtra.
- 13.3.5. Egypt's Giza Systems Wins Tender for Smart Transportation, Traffic Systems in NAC.
- 13.3.6. Biden Administration Awards USD 49.2 Million for Innovative Technology Grants to Improve Mobility and Travel on America's Highway and Transit Systems.
- 13.3.7. General Motors and Inrix Launch Platform for Smart Road Safety Solutions.
- 13.3.8. Rekor Acquires STS, a Big Deal in Traffic Data Collection.
- 13.3.9. Bowman Expands Transportation Infrastructure Services Through Acquisition of East Coast Firm McMahon Associates, Inc.
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio