NEW YORK, Oct. 26, 2022 /PRNewswire/ -- The "Intelligent Transport System (ITS) Market by Application (traffic management, toll management, automotive and infotainment telematics, public transport, and others) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the intelligent transport system (ITS) market size between 2021 and 2026 is USD 38.53 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report
- Market Driver: Increasing traffic congestion and the number of road accidents are driving the intelligent transport system (ITS) market growth. Rapid urbanization and the rising use of automobiles are leading to traffic congestion, especially in developing countries such as India and China. Hence, governments in these developing countries are implementing ITS solutions such as congestion charges, road user charges, and electronic toll collection to control traffic congestion. Such factors will support the ITS market growth during the forecast period.
- Market Challenge: System integration and interoperability issues will challenge the intelligent transport system (ITS) market's growth during the forecast period. Interoperability issues in existing systems increase the complexities and costs related to the deployment of ITS. This leads to high replacement costs to align with the latest technologies. Thus, system integration and interoperability issues may hinder the adoption of ITS solutions.
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By application, the traffic management segment will be a significant contributor to market growth during the forecast period. Traffic management ITS solutions mainly include advanced traffic management systems (ATMS), which are used by government authorities and organizations. Developing countries such as India and China are adopting ITS for traffic management, which is expected to drive the growth of the global intelligent transport system market during the forecast period.
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By geography, North America will be the leading region with 32% of the market's growth during the forecast period. The US is the key country for the intelligent transport system (ITS) market in North America.
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3M Co., Advantech Co. Ltd., Axiomtek Co. Ltd., Cubic Corp., Denso Corp., EFKON GmbH, Hitachi Ltd., Indra Sistemas SA, International Business Machines Corp., Kapsch TrafficCom AG, Lanner Electronics Inc., Neology Inc., Q Free ASA, Robert Bosch GmbH, Roper Technologies Inc., Siemens AG, Teledyne Technologies Inc., Thales Group, The Cross Country Group, and TomTom International BV are some of the key companies in the market. The offerings of a few of these vendors are listed below:
- EFKON GmbH - The company offers intelligent transport systems for electronic enforcement, toll collection, and traffic telematics or in-vehicle applications.
- Kapsch TrafficCom AG - The company offers intelligent transport systems such as Kapsch traffic management solutions for highways, urban areas, bridges, and tunnels.
- Neology Inc. - The company offers intelligent transport systems such as the neology mobility platform.
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Perimeter Intrusion Prevention Systems Market by Product and Geography - Forecast and Analysis 2022-2026: This report extensively covers segmentation by product (surveillance systems, access control systems, and alarms and notification systems) and geography (APAC, North America, South America, MEA, and Europe). 49% of the market's growth will originate from North America during the forecast period. The market share growth by the surveillance systems segment will be significant.
Intelligent Transport System (ITS) Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of almost 9.92% |
Market growth 2022-2026 |
USD 38.53 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.24 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 32% |
Key consumer countries |
US, Japan, China, UK, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3M Co., Advantech Co. Ltd., Axiomtek Co. Ltd., Cubic Corp., Denso Corp., EFKON GmbH, Hitachi Ltd., Indra Sistemas SA, International Business Machines Corp., Kapsch TrafficCom AG, Lanner Electronics Inc., Neology Inc., Q Free ASA, Robert Bosch GmbH, Roper Technologies Inc., Siemens AG, Teledyne Technologies Inc., Thales Group, The Cross Country Group, and TomTom International BV |
Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Traffic management - Market size and forecast 2021-2026
- Exhibit 28: Chart on Traffic management - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Traffic management - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Traffic management - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Traffic management - Year-over-year growth 2021-2026 (%)
- 5.4 Toll management - Market size and forecast 2021-2026
- Exhibit 32: Chart on Toll management - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Toll management - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Toll management - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Toll management - Year-over-year growth 2021-2026 (%)
- 5.5 Automotive and infotainment telematics - Market size and forecast 2021-2026
- Exhibit 36: Chart on Automotive and infotainment telematics - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Automotive and infotainment telematics - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Automotive and infotainment telematics - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Automotive and infotainment telematics - Year-over-year growth 2021-2026 (%)
- 5.6 Public transport - Market size and forecast 2021-2026
- Exhibit 40: Chart on Public transport - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Public transport - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Public transport - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Public transport - Year-over-year growth 2021-2026 (%)
- 5.7 Others - Market size and forecast 2021-2026
- Exhibit 44: Chart on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 45: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 46: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by Application
- Exhibit 48: Market opportunity by Application ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 62: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Japan - Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 82: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 90: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 91: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 92: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 EFKON GmbH
- Exhibit 101: EFKON GmbH - Overview
- Exhibit 102: EFKON GmbH - Product / Service
- Exhibit 103: EFKON GmbH - Key offerings
- 10.4 Hitachi Ltd.
- Exhibit 104: Hitachi Ltd. - Overview
- Exhibit 105: Hitachi Ltd. - Business segments
- Exhibit 106: Hitachi Ltd. - Key news
- Exhibit 107: Hitachi Ltd. - Key offerings
- Exhibit 108: Hitachi Ltd. - Segment focus
- 10.5 Kapsch TrafficCom AG
- Exhibit 109: Kapsch TrafficCom AG - Overview
- Exhibit 110: Kapsch TrafficCom AG - Business segments
- Exhibit 111: Kapsch TrafficCom AG - Key news
- Exhibit 112: Kapsch TrafficCom AG - Key offerings
- Exhibit 113: Kapsch TrafficCom AG - Segment focus
- 10.6 Neology Inc.
- Exhibit 114: Neology Inc. - Overview
- Exhibit 115: Neology Inc. - Product / Service
- Exhibit 116: Neology Inc. - Key offerings
- 10.7 Q Free ASA
- Exhibit 117: Q Free ASA - Overview
- Exhibit 118: Q Free ASA - Business segments
- Exhibit 119: Q Free ASA - Key offerings
- Exhibit 120: Q Free ASA - Segment focus
- 10.8 Robert Bosch GmbH
- Exhibit 121: Robert Bosch GmbH - Overview
- Exhibit 122: Robert Bosch GmbH - Business segments
- Exhibit 123: Robert Bosch GmbH - Key news
- Exhibit 124: Robert Bosch GmbH - Key offerings
- Exhibit 125: Robert Bosch GmbH - Segment focus
- 10.9 Roper Technologies Inc.
- Exhibit 126: Roper Technologies Inc. - Overview
- Exhibit 127: Roper Technologies Inc. - Business segments
- Exhibit 128: Roper Technologies Inc. - Key offerings
- Exhibit 129: Roper Technologies Inc. - Segment focus
- 10.10 Siemens AG
- Exhibit 130: Siemens AG - Overview
- Exhibit 131: Siemens AG - Business segments
- Exhibit 132: Siemens AG - Key news
- Exhibit 133: Siemens AG - Key offerings
- Exhibit 134: Siemens AG - Segment focus
- 10.11 Thales Group
- Exhibit 135: Thales Group - Overview
- Exhibit 136: Thales Group - Business segments
- Exhibit 137: Thales Group - Key offerings
- Exhibit 138: Thales Group - Segment focus
- 10.12 TomTom International BV
- Exhibit 139: TomTom International BV - Overview
- Exhibit 140: TomTom International BV - Business segments
- Exhibit 141: TomTom International BV - Key offerings
- Exhibit 142: TomTom International BV - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 143: Inclusions checklist
- Exhibit 144: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 145: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 146: Research methodology
- Exhibit 147: Validation techniques employed for market sizing
- Exhibit 148: Information sources
- 11.5 List of abbreviations
- Exhibit 149: List of abbreviations
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