Intelligent Transport System (ITS) Market Analysis North America,Europe,APAC,South America,Middle East and Africa - US,China,Japan,Germany,UK - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 105 SKU: IRTNTR41630

Intelligent Transport System (ITS) Market Forecast 2024-2028

The Intelligent Transport System (ITS) Market size is forecast to increase by USD 36.34 billion at a CAGR of 8.55% between 2023 and 2028. The intelligent transport system market is a rapidly growing industry that focuses on integrating advanced technologies into transportation systems for improved efficiency and safety. ITS solutions include traffic management, electronic toll collection, smart parking, and real-time traveler information systems. The growth rate of the market depends on several factors, including increasing traffic congestion and road accidents, the growing road freight logistics market, and growth in several smart connected devices. This market research and growth report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the Size of the Intelligent Transport System (ITS) Market During the Forecast Period?

For More Highlights About this Report, Download Free Sample in a Minute 

Market Segmentation

By Application

The market share growth by the traffic management segment will be significant during the forecast period. These solutions mainly include advanced traffic management systems (ATMS). ATMS solutions are used by government authorities and departments such as municipalities, government agencies, and state and regional governments. Growing congestion worldwide is increasing the demand for ATMS. 

Get a glance at the market contribution of various segments Download the PDF Sample

The Traffic management segment showed a gradual increase in the market share of USD 15.86 billion in 2018. The market players operating in the transportation industry and travel service providers are increasing transportation costs because of the growing congestion. Health concerns regarding rising pollution levels because of traffic congestion and increased consumption of fuel are leading to economic losses. Several initiatives are expected to increase the demand for ITS and hence drive the growth of the market in focus during the forecast period.

By Type

The advanced traffic management system type segment of the global CMP equipment market is expected to grow at a significant rate. These systems ensure traffic safety, traffic flow, and mobility. These also provide real-time data for analysis and allow emergency services and first responders to respond quickly to emergencies. Various countries are making efforts to change their traffic management infrastructure to reduce traffic congestion. The incorporation of telematics solutions in vehicles will improve safety greatly. These services increase driver safety, reduce fuel consumption, improve driver behavior, and enable cost savings. With increased investment and advancements in traffic management infrastructure, the demand these systems is expected to increase and thereby drive the growth of the global market during the forecast period.

Regional Overview

For more insights on the market share of various regions Download the PDF Sample now!

North America is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US is the key contributor to the market in the region. Major factors contributing to the market in the region are the increased adoption of ITS solutions by end-user industries, the shift from conventional transportation systems to intelligent transportation systems, growth in end-user industries, government initiatives for the implementation of ITS solutions, and the rising number of smart cities. In addition, other factors, such as the high socio-economic costs associated with growing traffic congestion, fuel the demand for ITS solutions.

Market Dynamics

Market Driver

The Global Intelligent Transport System (ITS) Market is witnessing substantial growth, driven by the pressing challenges of traffic congestion and road safety. Rapid urbanization and the increasing use of vehicles, particularly in emerging economies like India and China, are exacerbating traffic issues. This surge is mainly attributed to the expanding middle-class population and their rising disposable income, which is fueling automobile sales and urban development.

To address these challenges, government organizations in developing nations are deploying Intelligent Transportation Systems (ITS) solutions. These solutions leverage advanced technology such as sensors, automation, and connectivity to enhance traffic management efficiency. Moreover, the growing concerns over road safety are driving the demand for smart traffic solutions integrated with GPS and advanced data analysis software. Developing countries account for a significant portion of global road accidents, primarily due to inadequate infrastructure and inefficient traffic management systems.

Market Trends

Increased use of the meta-intelligence concept in transport systems is the key trend driving market growth. intelligent transport system (ITS) market players of ITS are incorporating the meta-intelligence concept into ITS to improve business efficiency and achieve business intelligence. They are integrating big data and IoT analytics into ITS to have full visibility over the business process for efficient decision-making. Organizations are looking to integrate sales, marketing, distribution, and customer service units to obtain business intelligence from the ITS network.

Moreover, the vendors operating in the application industry, especially in transportation and logistics, can optimize their processes by knowing the environmental and financial costs of every process. They can maximize the utilization of their facilities and adjust and anticipate capacity constraints by managing inbound and outbound appointments. The integration of meta-intelligence is expected to fuel the demand for ITS during the forecast period. The above-mentioned factors drive the demand for ITS across the world during the forecast period.

Market Restrain

System integration and interoperability issues are the major challenges impeding market growth. Interoperability issues in the existing systems increase complexities and costs related to the deployment of ITS. The existing operational technology system lacks integrational capability and, hence, tends to work in isolation. There is a need for a fully functional digital workflow, which requires effective data sharing between machines and other systems from the various end-users of ITS.

Moreover, interconnection in an existing infrastructure complicates seamless interoperability among disparate systems in an organization. This leads to high replacement costs to achieve alignment with the latest technologies. For ITS to be truly effective and widely accepted across industries, seamless connectivity, and interoperability between products and applications need to be established. Interoperability, thus, hampers the adoption of ITS solutions.

Customer Landscape

This market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Intelligent Transport System (ITS) Market Customer Landscape

Who are the major players in the intelligent transport system market?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

3M Co. - The company offers intelligent transport systems such as 3M Smart Transportation which provides real-time and automated traffic updates, journey time, and live congestion updates for important junctions.

Advantech Co. Ltd. - The company offers intelligent transport systems such as Advantech intelligent transportation systems that enable a range of applications such as traffic flow analysis, smart traffic management, violation detection, and driverless vehicles.

Airbus SE - The company offers an intelligent transport system for digitalization that promises to make the transport sector safer, more efficient, and more environmentally compatible with detailed monitoring and intelligent controlling under the brand Dornier Group.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • AECOM
  • Axiomtek Co. Ltd.
  • Constellation Software Inc.
  • Cubic Corp.
  • EFKON GmbH
  • Garmin Ltd.
  • GMV Innovating Solutions SL
  • Hitachi Ltd.
  • HR Green Inc.
  • Indra Sistemas SA
  • Mundys S.p.A.
  • Serco Group Plc
  • SICE TyS
  • Siemens AG
  • Stantec Inc.
  • Sumitomo Electric Industries Ltd.
  • Teledyne Technologies Inc.
  • Thales Group

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Global Intelligent Transport System (ITS) Market is experiencing rapid development in transportation networks worldwide, with significant growth anticipated in the Asia Pacific region and the UAE. These systems are crucial for enhancing road safety and optimizing roadways and railways. Advanced technologies such as cameras, sensors, and GPS are key components driving automation and data collection for hardware-based solutions. The market offers substantial potential for investments and is witnessing increasing demand for Intelligent Traffic Systems (ITS) and Advanced Traffic Information Systems (ATIS) to address traffic congestion. With the integration of cars into the ITS ecosystem, the global intelligent traffic landscape is evolving rapidly to improve transportation efficiency and safety.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018-2028

  • Application Outlook
    • Traffic management
    • Toll management
    • Automotive and infotainment telematics
    • Public transport
    • Others 
  • Type Outlook
    • Advanced traffic management system
    • Advanced public transportation system
    • Advanced transportation pricing system
    • Advanced traveler information system
    • Others 
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Intelligent Transport System (ITS) Market Scope

Report Coverage

Details

Page number

105

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 8.55%

Market growth 2024-2028

USD 36.34 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

8.39

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., Advantech Co. Ltd., AECOM, Airbus SE, Axiomtek Co. Ltd., Constellation Software Inc., Cubic Corp., EFKON GmbH, Garmin Ltd., GMV Innovating Solutions SL, Hitachi Ltd., HR Green Inc., Indra Sistemas SA, Mundys S.p.A., Serco Group Plc, SICE TyS, Siemens AG, Stantec Inc., Sumitomo Electric Industries Ltd., Teledyne Technologies Inc., and Thales Group

Market dynamics

Market growth and trends, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download PDF Sample

What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
  • Precise estimation of the market  size and its contribution to the market focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Market growth analysis across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Market forecasting of factors that will challenge the growth of market companies 

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global intelligent transport system (ITS) market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global intelligent transport system (its) market 2018 - 2022 ($ billion)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Traffic management - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Traffic management - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Traffic management - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Traffic management - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Traffic management - Year-over-year growth 2023-2028 (%)
    • 6.4 Toll management - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Toll management - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Toll management - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Toll management - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Toll management - Year-over-year growth 2023-2028 (%)
    • 6.5 Automotive and infotainment telematics - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Automotive and infotainment telematics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Automotive and infotainment telematics - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Automotive and infotainment telematics - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Automotive and infotainment telematics - Year-over-year growth 2023-2028 (%)
    • 6.6 Public transport - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Public transport - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 47: Data Table on Public transport - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 48: Chart on Public transport - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Public transport - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ billion)
      • Exhibit 55: Data Table on Market opportunity by Application ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Advanced traffic management system - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Advanced traffic management system - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on Advanced traffic management system - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on Advanced traffic management system - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Advanced traffic management system - Year-over-year growth 2023-2028 (%)
    • 7.4 Advanced public transportation system - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Advanced public transportation system - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Advanced public transportation system - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Advanced public transportation system - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Advanced public transportation system - Year-over-year growth 2023-2028 (%)
    • 7.5 Advanced transportation pricing system - Market size and forecast 2023-2028
      • Exhibit 68: Chart on Advanced transportation pricing system - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 69: Data Table on Advanced transportation pricing system - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 70: Chart on Advanced transportation pricing system - Year-over-year growth 2023-2028 (%)
      • Exhibit 71: Data Table on Advanced transportation pricing system - Year-over-year growth 2023-2028 (%)
    • 7.6 Advanced traveler information system - Market size and forecast 2023-2028
      • Exhibit 72: Chart on Advanced traveler information system - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 73: Data Table on Advanced traveler information system - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 74: Chart on Advanced traveler information system - Year-over-year growth 2023-2028 (%)
      • Exhibit 75: Data Table on Advanced traveler information system - Year-over-year growth 2023-2028 (%)
    • 7.7 Others - Market size and forecast 2023-2028
      • Exhibit 76: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 78: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 79: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.8 Market opportunity by Type
      • Exhibit 80: Market opportunity by Type ($ billion)
      • Exhibit 81: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 82: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 83: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 84: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 85: Chart on Geographic comparison
      • Exhibit 86: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 95: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 99: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 111: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 115: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 116: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 117: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 118: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 119: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 120: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 121: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 122: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 123: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 124: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 125: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 126: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 127: Market opportunity by geography ($ billion)
      • Exhibit 128: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 129: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 130: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 131: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 132: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 133: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 134: Matrix on vendor position and classification
            • 12.3 3M Co.
              • Exhibit 135: 3M Co. - Overview
              • Exhibit 136: 3M Co. - Business segments
              • Exhibit 137: 3M Co. - Key news
              • Exhibit 138: 3M Co. - Key offerings
              • Exhibit 139: 3M Co. - Segment focus
            • 12.4 Advantech Co. Ltd.
              • Exhibit 140: Advantech Co. Ltd. - Overview
              • Exhibit 141: Advantech Co. Ltd. - Business segments
              • Exhibit 142: Advantech Co. Ltd. - Key offerings
              • Exhibit 143: Advantech Co. Ltd. - Segment focus
            • 12.5 Airbus SE
              • Exhibit 144: Airbus SE - Overview
              • Exhibit 145: Airbus SE - Business segments
              • Exhibit 146: Airbus SE - Key news
              • Exhibit 147: Airbus SE - Key offerings
              • Exhibit 148: Airbus SE - Segment focus
            • 12.6 Axiomtek Co. Ltd.
              • Exhibit 149: Axiomtek Co. Ltd. - Overview
              • Exhibit 150: Axiomtek Co. Ltd. - Product / Service
              • Exhibit 151: Axiomtek Co. Ltd. - Key offerings
            • 12.7 Constellation Software Inc.
              • Exhibit 152: Constellation Software Inc. - Overview
              • Exhibit 153: Constellation Software Inc. - Product / Service
              • Exhibit 154: Constellation Software Inc. - Key offerings
            • 12.8 Cubic Corp.
              • Exhibit 155: Cubic Corp. - Overview
              • Exhibit 156: Cubic Corp. - Product / Service
              • Exhibit 157: Cubic Corp. - Key offerings
            • 12.9 EFKON GmbH
              • Exhibit 158: EFKON GmbH - Overview
              • Exhibit 159: EFKON GmbH - Product / Service
              • Exhibit 160: EFKON GmbH - Key offerings
            • 12.10 Hitachi Ltd.
              • Exhibit 161: Hitachi Ltd. - Overview
              • Exhibit 162: Hitachi Ltd. - Business segments
              • Exhibit 163: Hitachi Ltd. - Key news
              • Exhibit 164: Hitachi Ltd. - Key offerings
              • Exhibit 165: Hitachi Ltd. - Segment focus
            • 12.11 Indra Sistemas SA
              • Exhibit 166: Indra Sistemas SA - Overview
              • Exhibit 167: Indra Sistemas SA - Business segments
              • Exhibit 168: Indra Sistemas SA - Key offerings
              • Exhibit 169: Indra Sistemas SA - Segment focus
            • 12.12 Serco Group Plc
              • Exhibit 170: Serco Group Plc - Overview
              • Exhibit 171: Serco Group Plc - Business segments
              • Exhibit 172: Serco Group Plc - Key news
              • Exhibit 173: Serco Group Plc - Key offerings
              • Exhibit 174: Serco Group Plc - Segment focus
            • 12.13 Siemens AG
              • Exhibit 175: Siemens AG - Overview
              • Exhibit 176: Siemens AG - Business segments
              • Exhibit 177: Siemens AG - Key news
              • Exhibit 178: Siemens AG - Key offerings
              • Exhibit 179: Siemens AG - Segment focus
            • 12.14 Stantec Inc.
              • Exhibit 180: Stantec Inc. - Overview
              • Exhibit 181: Stantec Inc. - Business segments
              • Exhibit 182: Stantec Inc. - Key offerings
              • Exhibit 183: Stantec Inc. - Segment focus
            • 12.15 Sumitomo Electric Industries Ltd.
              • Exhibit 184: Sumitomo Electric Industries Ltd. - Overview
              • Exhibit 185: Sumitomo Electric Industries Ltd. - Business segments
              • Exhibit 186: Sumitomo Electric Industries Ltd. - Key news
              • Exhibit 187: Sumitomo Electric Industries Ltd. - Key offerings
              • Exhibit 188: Sumitomo Electric Industries Ltd. - Segment focus
            • 12.16 Teledyne Technologies Inc.
              • Exhibit 189: Teledyne Technologies Inc. - Overview
              • Exhibit 190: Teledyne Technologies Inc. - Business segments
              • Exhibit 191: Teledyne Technologies Inc. - Key news
              • Exhibit 192: Teledyne Technologies Inc. - Key offerings
              • Exhibit 193: Teledyne Technologies Inc. - Segment focus
            • 12.17 Thales Group
              • Exhibit 194: Thales Group - Overview
              • Exhibit 195: Thales Group - Business segments
              • Exhibit 196: Thales Group - Key news
              • Exhibit 197: Thales Group - Key offerings
              • Exhibit 198: Thales Group - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 199: Inclusions checklist
                • Exhibit 200: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 201: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 202: Research methodology
                • Exhibit 203: Validation techniques employed for market sizing
                • Exhibit 204: Information sources
              • 13.5 List of abbreviations
                • Exhibit 205: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              intelligent transport system (its) market market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis