According to the latest report by IMARC Group, titled “Intelligent Transport Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″. the global intelligent transport systems market size exhibited moderate growth during 2015-2020.  Looking forward, IMARC Group expects the global intelligent transport systems market to grow at a CAGR of around 5% during 2021-2026. An intelligent transport system (ITS) refers to an integrated platform that implements various technologies to provide optimum technical equipment for vehicles in order to enable the efficient use of the transportation infrastructure. These systems provide real-time information to road users and operators to improve safety and mobility while reducing the environmental impact of transportation. In recent years, several authorities and operators around the globe have adopted technologies, such as ITS, which allow them to manage transport networks and achieve more sustainable land mobility.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Global Intelligent Transport Systems Market Trends:

ITS provides prior information to passengers and law enforcement agencies about traffic congestion, ongoing road works and the timing of traffic lights. The system also facilitates remote access to pre-paid accounts and electronic payments for buying tickets. This, in turn, reduces the travel time and improves the safety and comfort of commuters. ITS further aids in minimizing traffic congestion, lowering the air pollution level, decreasing accident rates, increasing energy efficiency and enhancing the driving experience. Along with this, the growing number of smart city projects has accelerated the implementation of ITS. For instance, the European Commission’s action plan for the deployment of ITS in Europe aims to make road transportation and its interaction with other transport modes safer and more efficient, secure and environment-friendly. Moreover, the rapid proliferation of the Internet of Things (IoT), big data analytics and mobile technology has provided a positive thrust to the ITS market globally. The data collected via these technologies forms a crucial resource for automotive manufacturers, enabling them to get detailed insights about vehicle performance in different environments.

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Key Market Segmentation:

Competitive Landscape With Key Palyers :

  • Siemens
  • Thales Group
  • Garmin
  • Cubic Corporation
  • FLIR Systems
  • Lanner Electronics
  • Denso Corporation
  • IBM Corporation
  • Addco
  • TomTom
  • Kapsch Trafficcom
  • Iteris
  • Q-Free
  • Efkon
  • GeoToll
  • Electricfeel
  • Doublemap
  • Bestmile
  • Nutonomy

Market Breakup by Mode of Transport:

  • Roadways
  • Railways
  • Airways

Market Breakup by Product:

  • Network Management Systems
      • Advanced Traffic Management Systems (ATMS)
      • Road User Charging, Congestion Charging, etc.
    • Freight and Commercial Systems
    • Public Transport Systems
    • Security and Crime Reduction Systems
    • Automotive and Infotainment Systems
    • Road Safety Systems
    • Communications Systems

Market Breakup by Protocol:

  • Short Range
      • Wave (IEEE 802.11)
      • Wpan (IEEE 802.15)
    • Long Range
        • Wimax (IEEE 802.11)
        • Ofdm
      • IEEE 1512
      • Traffic Management Data Dictionary (TMDD)
      • Others

Market Breakup by Offering:

  • Hardware
      • Interface Board
      • Sensor
      • Surveillance Camera
      • Telecommunication Network
      • Monitoring and Detection System
      • Others
    • Software
        • Visualization Software
        • Video Detection Management Software
        • Transit Management System
        • Others
      • Services
          • Business and Cloud Services
          • Support and Maintenance Services

Market Breakup by Application:

  • Fleet Management and Asset Monitoring
  • Intelligent Traffic Control
  • Collision Avoidance
  • Parking Management
  • Passenger Information Management
  • Ticketing Management
  • Emergency Vehicle Notification
  • Automotive Telematics

Market Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

Key highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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