Intelligent Transportation System Market (By Type: ATIS, ATPS, ATMS, EMS, and APTS; By Application: Road Safety & Security, Traffic Management, Public Transport, Freight Management, Environment Protection, Parking Management, Automotive Telematics, Road Tolling Systems) - Global Industry Analysis, Size, Share, Growth, Trends Analysis, Regional Outlook and Forecasts, 2023 - 2032


The global intelligent transportation system (ITS) market size surpassed USD 34 billion in 2022 and is projected to hit around USD 65.33 Bn by 2032, expanding at a CAGR of 6.80% during the forecast period from 2023 to 2032. The Asia Pacific intelligent transportation system market size was estimated at USD 21.6 billion in 2022. 

Intelligent Transportation System Market Size 2023 To 2032

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Key Takeaways

  • North America has accounted market share of around 36% in 2022.
  • By Mode of Transportation, the roadway segment accounted for the largest market share of arouund 48% in 2022.
  • The maritime segment is expected to grow at a CAGR of 9.9% over the forecast period 2023 to 2032.
  • By Roadway Offering, the hardware segment has accounted market share of 46% in 2022. However, the services segment is expected to grow at a CAGR of 8.3%.
  • By Roadway System Type, the Advanced Traffic Management System (ATMS) segment has captured market share of 31% in 2022. However, the Advanced Public Transportation System (APTS) segment is poised to grow at a CAGR of 8.8%.
  • By Roadway Application, the traffic management segment has generated market share of 31% in 2022. However, the automotive telematics segment is expected to grow at a CAGR of 8.8% from 2023 to 2032.
  • By Railway Offering, the hardware segment has held market share of around 45.6% in 2022. The services segment is expanding at a CAGR of 9.2% over the forecast period 2023 to 2032.
  • By Railway System Type, the ATMS segment has accounted garnered market share of 27% in 2022. The APTS segment is poised to hit at a CAGR of 9.8% through 2032.
  • By Railway Application, the rail-running operation and collision avoidance segment has accounted market share of 26.5% in 2022. The smart ticketing segment is expected to reach at a CAGR of 9.6% from 2023 to 2032.
  • By Airway Offering, the hardware segment has accounted market share of over 43% in 2022. The services segment is predicted to grow at a CAGR of 11.5% over the forecast period.
  • By Airway System Type, the ATMS segment has accounted market share of 31% in 2022. The Advanced Traveler Information System (ATIS) segment is poised to grow at a CAGR of 11.5% through 2032.
  • By Airway Application, the aircraft traffic management segment has captured market share of 24.6% in 2022. The traveler information management segment is expected to grow at a CAGR of 11.4% from 2023 to 2032.
  • By Maritime Offering, the hardware segment has captured revenue share of around 43% in 2022. The services segment is poised to grow at a CAGR of 10.9% over the forecast period.
  • By Maritime System Type, the ATMS segment has accounted market share of 25% in 2022. The ATIS segment is poised to witness growth at a CAGR of 11.4% through 2032.
  • By Maritime Application, the emergency notification segment has held market share of 24% in 2022. The container movement scheduling segment is expected to reach at a CAGR of 11.2% from 2023 to 2032.

Intelligent Transportation System Market Size in the U.S. 2023 To 2032

The U.S. intelligent transportation system (ITS) market size reached USD 29.69 billion in 2022 and is expected to be worth around USD 13.90 Bn by 2032, growing at a CAGR of 6.80% from 2023 to 2032.

U.S. Intelligent Transportation System Market Size 2023 To 2032

North America is the front-runner in the global intelligent transportation system market capturing nearly 43% of the total market revenue share in year 2022. This is mainly attributed to the significant investment done by the government in the region on research and development. Advancement in communication technology in the U.S. expected to boost the revolution in the transportation industry. Technologies such as advanced driver assistance, adaptive cruise control, parking management, advanced vehicle tracking system, and many others are facilitating drivers, freight operators, transit passengers, and transport authorities for communication between two vehicles.

However, continuous development in the communication sector along with rapid expansion in the transportation sector anticipated to flourish the market growth for intelligent transportation systems in the Asia Pacific region. China, Japan, India, and South Africa are some of the notable countries where intelligent transportation system adoption rate is very fast.

Growth Factors

Increasing adoption of smart transport systems in order to reduce traffic congestion along with favorable government initiatives that support intelligent transport infrastructure cater the growth global intelligent transportation system market. In addition, the rising necessity for obtaining real-time information for improving the traffic management system by sharing required data with drivers and passengers also aid the growth of the ITS market.

Meanwhile, the ageing infrastructure, increasing number of vehicles on road, lack of proper traffic management system are some of the factors that contribute to the spontaneous growth of the market. A need to update the traffic management system has led to the rapid adoption of alternative technologies for managing traffic. Advanced and innovative data analytics technologies help transportation authorities to monitoring the rising traffic issue. This also helps in speedy response to emergencies and accidents with higher efficiency.

The sudden outbreak of COVID-19 has badly impacted several industries including automobile and transportation business too. This has slowed down the rate of automobile production. Further, by the preventive measures adopted by the government of various nations for controlling the spread of the deadly virus public transportation sector have suffered a lot. Thus, the rate of intelligent transportation system estimated to exhibit a decelerating rate during the COVID-19 times.

Intelligent Transportation System Market Scope

Report Highlights Details
Growth Rate from 2023 to 2032 CAGR of 6.80%
Market Size in 2023 USD 36.14 Billion
Market Size by 2032 USD 65.33 Billion
Base Year 2022
Forecast Year 2023 to 2032
Segments Covered Type, Application
Regional Scope North America, Europe, Asia Pacific, Rest of the World
Companies Mentioned Lanner Electronics, Hitachi Ltd., Kapsch TrafficCom, Denso Corporation, TomTom International BV, Siemens AG, Garmin International, Clever Devices Ltd., Nuance Communications

 

Type Insights

Advanced Traffic Management System (ATMS) captured majority of market share nearly 33% in the year 2022. This is mainly because ATMS helps in detecting roadway hazards, dangerous weather condition, picturizes a complete integrated view of the traffic, and accidents. This allows speedy flow of the traffic. Additionally, ATMS also controls the traffic signals that contribute significantly in the congestion and also reduce the travelling time for passengers and drivers.

On the other hand, Advanced Public Transportation System (APTS) anticipated to exhibit the fastest growth over the projected timeframe. Some of the prime factors contributing towards the flourishing growth of the segment are enhanced visibility, rising number of passengers in public transports, increasing investment in real-time security and information system in order to provide real-time status to the drivers.

Application Insights

Traffic management segment captured the largest revenue share of the global intelligent transportation system market around 34% in the year 2022. This is mainly attributed to the benefits offered by the application. Traffic management systems comprises of bridge traffic management systems, vehicle detection system, and ramp metering systems among others. Increasing traffic congestion impact adversely on the development and socio-economic growth of a nation as it resulted in higher fuel consumption, more traffic time, and monetary losses. Henceforth, traffic management systems help governments to reduce financial burden.

On the other hand, automotive telematics anticipated to grow at the highest rate during the upcoming years owing to various regulations pertaining to security and safety of vehicle as well as passengers. Telematics tracking systems include activating and accessing of remote vehicles using radio frequency identification.

Moreover, a surge in the road traffic has significantly triggered the demand for parking management systems. Advanced parking management solution reduces the wastage of time as well as provides high convenience for vehicle owner. Further, the rapid transformation in the city life culture and increasing importance of smart city expected to propel the acceptance of parking management solutions.

Key Companies & Market Share Insights

Intelligent Transportation System Market is consolidated because of the presence of some major market players such as Hitachi Ltd., Siemens AG, Kapsch TrafficCom, and Lanner Electronics among others. These companies are benefited by their diverse product offering and technological advancement in the intelligent transportation systems industry that help them to capture large customer base. In addition, these companies invest significantly in their product enhancement and regional expansion to gain a competitive edge on the global level.

Some of the prominent players in the Intelligent Transportation System Market include:

  • Lanner Electronics
  • Hitachi Ltd.
  • Kapsch TrafficCom
  • Denso Corporation
  • TomTom International BV
  • Siemens AG
  • Garmin International
  • Clever Devices Ltd.
  • Nuance Communications
  • Lanner Electronics
  • Thales Group

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2020 to 2032. For the purpose of this study, Precedence Research has segmented the global Intelligent Transportation System Market report on the basis of type, application, and region:

By Mode of Transportation

  • Roadway
  • Railway
  • Airway

By Maritime Roadway Offering,

  • Hardware
    • Interface Boards
    • Sensors
    • Surveillance Cameras
    • Telecommunication Networks
    • Monitoring and Detection Systems
    • Others
  • Software
    • Visualization Software
    • Video Detection Management Software
    • Transit Management Software
    • Others
  • Services
    • Cloud Services
    • Business Services
    • Professional Services

By Roadway System Type

  • Advanced Traveler Information System (ATIS)
  • Advanced Traffic Management System (ATMS)
  • Advanced Transportation Pricing System (ATPS)
  • Advanced Public Transportation System (APTS)
  • Emergency Medical System (EMS)

By Roadway Application

  • Traffic Management
  • Road Safety and Security
  • Freight Management
  • Public Transport
  • Environment Protection
  • Automotive Telematics
  • Parking Management
  • Road Tolling Systems
  • Others

By Railway Offering

  • Hardware
    • Interface Boards
    • Sensors
    • Surveillance Cameras
    • Telecommunication
    • Networks Monitoring And Detection Systems
    • Others
  • Software
    • Visualization Software
    • Video Detection Management Software
    • Transit Management Software
    • Others
  • Services
    • Cloud Services
    • Business Services
    • Professional Services

By Railway System Type

  • Advanced Traveler Information System (ATIS)
  • Advanced Traffic Management System (ATMS)
  • Advanced Transportation Pricing System (ATPS)
  • Advanced Public Transportation System (APTS)
  • Emergency Medical System (EMS)

By Railway Application

  • Rail-running Operation and Collision Avoidance
  • Passenger Information Management
  • Smart Ticketing
  • Security Surveillance
  • Emergency Notification
  • Others

By Airway Offering

  • Hardware
    • Interface Boards
    • Sensors
    • Surveillance Cameras
    • Telecommunication Networks
    • Monitoring And Detection Systems
    • Others
  • Software
    • Visualization Software
    • Video Detection Management Software
    • Transit Management Software
    • Others
  • Services
    • Cloud Services
    • Business Services
    • Professional Services

By Airway System Type

  • Advanced Traveler Information System (ATIS)
  • Advanced Traffic Management System (ATMS)
  • Advanced Transportation Pricing System (ATPS)
  • Advanced Public Transportation System (APTS)
  • Emergency Medical System (EMS)

By Airway Application

  • Security Surveillance
  • Shuttle Bus Tracking
  • Traveler Information Management
  • Aircraft Traffic Management
  • Smart Ticketing
  • Emergency Notification
  • Others

By Maritime Offering

  • Hardware
    • Interface Boards
    • Sensors
    • Surveillance Cameras
    • Telecommunication Networks
    • Monitoring And Detection Systems
    • Others
  • Software
    • Visualization Software
    • Video Detection Management Software
    • Transit Management Software
    • Others
  • Services
    • Cloud Services
    • Business Services
    • Professional Services

By Maritime System Type

  • Advanced Traveler Information System (ATIS)
  • Advanced Traffic Management System (ATMS)
  • Advanced Transportation Pricing System (ATPS)
  • Advanced Public Transportation System (APTS)
  • Emergency Medical System (EMS)

By Maritime Application

  • Freight Arrival & Transit
  • Real-time Weather Information Tracking
  • Container Movement Scheduling Emergency
  • Notification
  • Others

Regional Outlook

    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Rest of the World

Frequently Asked Questions

How much is the intelligent transportation system market size?
The global intelligent transportation system market size was valued at USD 34 billion in 2022 and is predicted to be worth around US$ 65.33 Bn by 2032.
What is the CAGR of intelligent transportation system market?
The intelligent transportation system market is growing at a CAGR of 6.80% between forecast period 2023 to 2032.
What is intelligent transportation system?
Intelligent transportation system is a combination of various advanced information and communication technologies that helps in managing the traffic as well as changes the way consumers, government, and businesses deal with the transports. It provides various types of services such as fleet management, parking management system, smart ticketing solution, intelligent traffic management, security & surveillance, passenger information solution, and mobility services.
Which region is estimated to exhibit the fastest CAGR in the intelligent transportation system market?
The Asia Pacific estimated to exhibit the fastest CAGR over the forecast period because of rapid transformation in the automotive and transportation sector.
How much was the revenue share of North America region in the intelligent transportation system market?
North America led the global intelligent transportation system market with a revenue share of nearly 41% in the year 2022 due to technological advancement and rapid transformation in the automotive sector.
What is the growth rate of automotive telematics segment in the intelligent transportation system market?
Automotive telematics segment estimated to witness the highest growth rate of nearly 7.3% during the forecast period due to its positive impact on increasing the safety and security of a vehicle.
Which key players are operating in the global intelligent transportation system market?
Some of the key players in the global intelligent transportation system market are Lanner Electronics, Hitachi Ltd., Kapsch TrafficCom, Denso Corporation, TomTom International BV, Siemens AG, Garmin International, Clever Devices Ltd., Nuance Communications, Lanner Electronics, and Thales Group among others.

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