Global Intelligent Transportation Systems (ITS) Strategic Business Report 2024: Market to Reach $52.6 Billion by 2030 - Increasing Number of Mega Cities Favors Future Growth

DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Intelligent Transportation Systems (ITS) - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Intelligent Transportation Systems (ITS) Market to Reach $52.6 Billion by 2030

The global market for Intelligent Transportation Systems (ITS) estimated at US$27.4 Billion in the year 2022, is projected to reach a revised size of US$52.6 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2022-2030.

Advanced Traffic Management System (ATMS), one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$19.1 Billion by the end of the analysis period. Growth in the Advanced Traveler Information System (atis) segment is estimated at 7.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.7 Billion, While China is Forecast to Grow at 12.3% CAGR

The Intelligent Transportation Systems (ITS) market in the U.S. is estimated at US$10.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 7.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR.

What`s New?

• Special discussions on the global economic climate and market sentiment
• Coverage on global competitiveness and key competitor percentage market shares
• Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and research platform
• Complimentary updates for one year
• Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

• From Pandemic to War & Inflation: "Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions"
• Here's How Inflationary Pressures Affect the Economy
• Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
• Although Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should Continue
• Here's What's Causing Inflationary Pressures in the Global Market
• Effect of the Pandemic on Transportation Industry
• COVID-19 Necessitates Profound Changes in Travel Patterns
• Pandemic Holds Hidden Opportunity for Intelligent Transportation System
• Pandemic Creates Need for Resilient Transportation System
• COVID-19 Brings Forth Need for Intelligent Transportation Systems amid Certain Limitations
• Competitive Scenario
• Select Innovations & Advancemets
• Competitive Market Presence - Strong/Active/Niche/Trivial for 162 Players Worldwide in 2023 (E)
• Intelligent Transportation System: A Cornerstone Technology for Smart Transportation
• ITS Empowering the Real Modern Day Transport Infrastructure
• Rationale behind Installation of ITS
• Key ITS Capabilities in a Capsule
• Enhancing Efficiency & Economy of Transport Systems
• Ensuring Safety & Security
• Key Result Areas of ITS in Ensuring Safety
• 'ITS' as a Means for Ensuring Better Environment Quality
• Internet, X Ray and DSRC: The Key ITS Enablers
• Global Market Prospects & Outlook
• Developed Markets: Traditional Revenue Contributors for ITS Market
• Developing Markets to Turbo Charge Future Growth in the ITS Market
• Intelligent Transportation Systems (ITS): An Introduction
• Different Phases of ITS Application
• Broad Classification of Intelligent Transportation Systems
• In Vehicle Intelligent Transportation Systems: A Complimentary Review
• Recent Market Activity
• Select Global Brands

• Market Scenario in a Nutshell
• As a Novel Platform Capable of Enabling Future-Proof Traffic Management, ITS Set to Widen its Addressable Market
• Continued Rise in Vehicular Traffic and Need to Regulate Traffic Flow: A Business Case for ITS Investments
• Growing Number of Road Accidents and Need to Ensure on-Road Safety to Commuters Drives Business Case for ITS
• Focus on Smart Highways and Smart Roads to Enhance ITS Deployments
• Growing Investments in Road Infrastructure Development
• Heightened Focus on Integrating Diverse Technologies Set to Streamline ITS Landscape
• Prevailing Technological Trends Fully Support Deployments of Large-Scale ITS
• Rapid Urbanization Triggers Growth in the ITS Market
• Increasing Number of Mega Cities Favors Future Growth
• Major Global Cities Leading the Way in Deployment of Intelligent Transportation Systems
• Growing Smart City Market to Drive Demand for ITS
• How Intelligent Transportation Systems Benefits Smart Cities?
• Capabilities to Improve Logistics Drives Adoption of ITS
• Growing Emphasis on Smart Transportation Widens Prospects
• Smart Parking Technologies Come to the Fore to Address Parking Related Issues
• Transformational Role of IoT Expands ITS Application Areas
• Advanced In-Vehicle Infotainment Systems Render Support to ITS Networks
• Public-Private Collaborations Support ITS Development
• Government Policy Vis-a-vis ITS Projects: Critical for ITS Implementations
• Private Sector Purchases Set to Increase
• The Secret of Success of ITS Projects Lies in "Concept Selling"
• Rapidly Evolving Role of Cellular Networks in ITS: A Major Ongoing Trend
• 5G to Widen the Role of Cellular Connectivity in ITS Ecosystem
• Dynamic Roadside Signs for Providing Information about Truck Parking Space Availability
• Super Intelligent Transport Systems Emerge to Redefine ITS Concept
• Amalgamation of Technologies Key to Success of ITS
• Technology Developers & Authorities Seek to Bring Forward Interoperability Standards
• Key Objective Areas of the Common Standards
• Automated Electronic Toll Collection Makes its Way into the ITS Domain
• Positive Outlook for ETC Systems Market
• Growing Popularity of Road User Charging Brightens Market Prospects for ETC
• Need to Avoid Lengthy Waiting Lines & Environmental Pollution at Toll Plazas Drives Demand
• Innovation & Market Differentiation - Key Determinants for Success of ETC Projects
• Lower Operational Costs of ETC Systems Enable Increased Acceptance
• Smart Cards in Demand for ETC Systems
• Cooperative ITS Promises to Change the Face of Urban Transportation
• Europe Remains at the Forefront of C-ITS Efforts Worldwide
• V2X Gains Notable Attention to Alleviate Traffic Concerns
• Connected Vehicles Pave the Way for Wider Uptake of V2X Technologies
• V2X Technology Improves Vehicle Telematics
• ATMS Witness Greater Adoption
• GSMA Issues Guidelines for Spectrum Considerations in ITS
• Road Safety Cameras Augment ITS Capabilities
• Role of Master Plans and Common Standards
• Growing Data Volumes to Drive Use of Data Analytics in ITS
• Using Open Data & Big Data to Improve ITS Services
• Implications of Open Data in Designing ITS Services
• Big Data Applications Raise Privacy Concerns in ITS
• Protection for ITS Vital to Prevent Cyber Attacks
• Key Issues to Reckon with
• Potential Risks & Threats to Smart Vehicles and ITS Networks
• Regional Differences in ITS Services Adoption Persist
• Privacy Concerns
• Low Awareness Levels on Benefits of ITS
• Myths about Red Light Cameras Limits its Adoption

FOCUS ON SELECT PLAYERS (Total 162 Featured)

• Cisco Systems, Inc.
• Advantech Co., Ltd.
• Axis Communications AB
• Aselsan A.S.
• Applied Information, Inc.
• Activu Corporation
• Bentley Systems, Inc.
• Cellint Traffic Solutions
• Atkins
• China ITS (Holdings) Co., Ltd.
• Aptiv PLC
• Atlantia SpA
• BestMile SA
• Beijing Wanji Technology
• Busmatick Group

For more information about this report visit https://www.researchandmarkets.com/r/kv9s2

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