Global Intelligent Transportation Systems (ITS) Market to Reach US$36.8 Billion by the Year 2027

Abstract: - Global Intelligent Transportation Systems (ITS) Market to Reach US$36. 8 Billion by the Year 2027. - Amid the COVID-19 crisis, the global market for Intelligent Transportation Systems (ITS) estimated at US$27.

New York, June 23, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Intelligent Transportation Systems (ITS) Industry" - https://www.reportlinker.com/p05379577/?utm_source=GNW
3 Billion in the year 2020, is projected to reach a revised size of US$36.8 Billion by 2027, growing at a CAGR of 4.3% over the analysis period 2020-2027.ATMS, one of the segments analyzed in the report, is projected to grow at a 3.7% CAGR to reach US$14 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the ETC Systems segment is readjusted to a revised 5.1% CAGR for the next 7-year period. This segment currently accounts for a 24% share of the global Intelligent Transportation Systems (ITS) market.

- The U.S. Accounts for Over 29.4% of Global Market Size in 2020, While China is Forecast to Grow at a 4.1% CAGR for the Period of 2020-2027

- The Intelligent Transportation Systems (ITS) market in the U.S. is estimated at US$8 Billion in the year 2020. The country currently accounts for a 29.43% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$6.5 Billion in the year 2027 trailing a CAGR of 4.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR while Rest of European market (as defined in the study) will reach US$6.5 Billion by the year 2027.

- Other Types Segment Corners a 36.3% Share in 2020

- In the global Other Types segment, USA, Canada, Japan, China and Europe will drive the 4.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$8 Billion in the year 2020 will reach a projected size of US$10.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.2 Billion by the year 2027.

- Select Competitors (Total 161 Featured)

• Citilog SA

• emovis

• FLIR Systems, Inc.

• Image Sensing Systems Inc.

• INIT Innovation in Traffic Systems SE

• Intelight Inc.

• ItraMAS Corporation Sdn Bhd

• Kapsch TrafficCom AG

• LeddarTech Inc.

• Q-Free ASA

• Siemens AG

• SpeedInfo, Inc.

• SWARCO TRAFFIC SYSTEMS GmbH

• TransCore

• Xerox Corporation

Read the full report: https://www.reportlinker.com/p05379577/?utm_source=GNW

CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession: 2020
Marked as a Year of Disruption & Transformation
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Effect of the Pandemic on Transportation Industry
COVID-19 Necessitates Profound Changes in Travel Patterns
COVID-19 Holds Hidden Opportunity for Intelligent
Transportation System
Pandemic Creates Need for Resilient Transportation System
COVID-19 Brings Fourth Need for Intelligent Transportation
Systems amid Certain Limitations
Intelligent Transportation Systems (ITS): Product Profile
ITS: An Introduction
ITS Integration
Enabling Technologies
Different Phases of ITS Application
Segment Overview
Advanced Traffic Management Systems (ATMS)
Electronic Toll Collection Systems
Other Intelligent Transportation Systems
Public Vehicle Transportation Management Systems (PVTMS)
Commercial Vehicle Operations (CVO) Systems
Advanced Vehicle Information Systems (AVIS)
Understanding Load Tracking System
In Vehicle Intelligent Transportation Systems: A Complimentary
Review
Passenger Vehicle Applications
Commercial Vehicle Applications
Adopting Alliance as a Growth Strategy
Outlook
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
Internet, X Ray and DSRC: The Key ITS Enablers
A Disparate Market
Market Scenario
Developed Markets: Traditional Revenue Contributors for ITS Market
EXHIBIT 2: World ITS Market: Percentage Breakdown of Revenues
for Developed and Developing Regions for the Years 2021 & 2027
Developing Markets to Turbo Charge Future Growth in the ITS Market
EXHIBIT 3: World ITS Market: Geographic Regions Ranked by CAGR
(Revenues) for 2020-2027
Competitive Landscape
EXHIBIT 4: Transportation Management Systems Market Share
Breakdown of Key Players: 2020E
EXHIBIT 5: Transportation Software Global Competitor Market
Share Positioning for 2020E
Recent Market Activity
Select Innovations & Advancements
Global Brands of Select Region

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
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
EXHIBIT 6: Vehicular Population Worldwide: Number of Vehicles
in Millions for Years 2015, 2025 & 2040
EXHIBIT 7: Breakdown of Annual Hours of Delay Due to Traffic
Congestions in Select Countries & Cities Worldwide
Growing Number of Road Accidents and Need to Ensure on-Road
Safety to Commuters Drives Business Case for ITS
EXHIBIT 8: Number of Deaths Caused by Road Accidents Worldwide
by Region for the Years 2017 & 2030
Focus on Smart Highways and Smart Roads to Enhance ITS Deployments
EXHIBIT 9: The Growing Need to Bridge Infrastructure Gap Which
is the Highest for Roadways Promises Robust Opportunity for
Smart Highways: Global Cumulative Investments in Roadways Vs
Actual Need for the Period 2016-2040 (In US$ Billion)
Growing Investments in Road Infrastructure Development
EXHIBIT 10: Continuous Development of World?s Highways to
Expand Market Opportunities for ITS & Allied Markets: Length
of Road Networks (In 000 Kilometers) in Top 15 Countries
Worldwide for the Year 2018
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
EXHIBIT 11: World Population (in Thousands) by Geographic
Region for the Years 2019, 2030, 2050, 2100
EXHIBIT 12: World Urban Population in Thousands: 1950-2050P
EXHIBIT 13: Degree of Urbanization Worldwide: Urban Population
as a % of Total Population by Geographic Region for the Years
2000, 2020 & 2050
Increasing Number of Mega Cities Favors Future Growth
EXHIBIT 14: Global Distribution of Cities by Type (2015 & 2030
): Percentage Breakdown of Number of Cities by Type
EXHIBIT 15: Global Urban Population Distribution by City Type
(2015 & 2030): Percentage Breakdown of Population by Type
Major Global Cities Leading the Way in Deployment of
Intelligent Transportation Systems
Growing Smart City Market to Drive Demand for ITS
EXHIBIT 16: Number of Smart Cities Worldwide (2013-2020)
EXHIBIT 17: Number of Smart Cities Worldwide by Geographic
Region (2025)
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
EXHIBIT 18: Global Number of IoT Connected Devices (In Billion
Units) for the Years 2016, 2018, 2020, 2022 & 2025
EXHIBIT 19: Global IoT Market (In US$ Billion) by Industry for
the Years 2018 and 2022
Advanced In-Vehicle Infotainment Systems Render Support to ITS
Networks
Public-Private Collaborations Support ITS Development
Government Policy Vis-à-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
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
EXHIBIT 20: Global Connected Vehicle Shipments (In Million
Units) for the Years 2019, 2021 and 2023
V2X Technology Improves Vehicle Telematics
EXHIBIT 21: Global Automotive Telematics Market (In US$
Billion) for the Years 2017, 2019 and 2022
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

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Geographic Region - USA,
Canada, Japan, China, Europe, South Korea and Rest of World
Markets - Independent Analysis of Annual Revenues in US$
Million for Years 2020 through 2027 and % CAGR

Table 2: World 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Geographic Region - Percentage
Breakdown of Value Revenues for USA, Canada, Japan, China,
Europe, South Korea and Rest of World Markets for Years 2020 &
2027

Table 3: World Current & Future Analysis for ATMS by Geographic
Region - USA, Canada, Japan, China, Europe, South Korea and
Rest of World Markets - Independent Analysis of Annual Revenues
in US$ Million for Years 2020 through 2027 and % CAGR

Table 4: World 7-Year Perspective for ATMS by Geographic Region -
Percentage Breakdown of Value Revenues for USA, Canada,
Japan, China, Europe, South Korea and Rest of World for Years
2020 & 2027

Table 5: World Current & Future Analysis for ETC Systems by
Geographic Region - USA, Canada, Japan, China, Europe, South
Korea and Rest of World Markets - Independent Analysis of
Annual Revenues in US$ Million for Years 2020 through 2027 and
% CAGR

Table 6: World 7-Year Perspective for ETC Systems by Geographic
Region - Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, South Korea and Rest of World for
Years 2020 & 2027

Table 7: World Current & Future Analysis for Other Types by
Geographic Region - USA, Canada, Japan, China, Europe, South
Korea and Rest of World Markets - Independent Analysis of
Annual Revenues in US$ Million for Years 2020 through 2027 and
% CAGR

Table 8: World 7-Year Perspective for Other Types by Geographic
Region - Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, South Korea and Rest of World for
Years 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
Impact of COVID-19 on the ITS Market
The Federal Government & ITS
US Federal Government: Primary Supporter of ITS
Equipping Vehicles with Intelligent Vehicle Technology
ITS Integration
Standardization & Privacy Issues
Privacy Issue
ITS Application in the US
EXHIBIT 22: US Intelligent Transportation Systems (ITS) by
Application (% Share): 2020 Vs. 2025
ITS Application in Rural Areas
ITS to the Rescue of Commercial Vehicles
Traveler Information
Associations, Groups/Bodies & Acts
ITSA: Intelligent Transportation Society of America
US: Federal Communications Commission (FCC)
Intermodal Surface Transportation Efficiency Act
Safe, Accountable, Flexible, Efficient Transportation Equity
Act: A Legacy for Users (SAFETEA-LU)
Transportation Equity Act (TEA-21)
Transportation Reauthorization Bill
SMART Technologies for Communities Act
State Agencies Embrace Intelligent Transportation Systems for
Traffic Improvement
New Cities Eye Better Traffic and Parking Management with ITS
Variable Traffic Signs to Enable Smart Traffic Management
Tolling As a Strategy to Fund Transport Infrastructure Spending
to Benefit the ETC Market
Scope for Further Increase in Tolling: To Benefit ETC Systems
Central Ohio Transport Authority - ITS Plans and Strategies
COTA?s Long-Term ITS Plans
E ZPass: A Key ETC System in Use
Working of E ZPass System
PrePass Plus Implemented in Ohio
Key Statistics
EXHIBIT 23: US Toll Collection by Mode (2011, 2019 & 2025):
Percentage Breakdown of Toll Collection for Cash, ETC and
Others
Market Analytics
Table 9: USA Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 10: USA 7-Year Perspective for Intelligent Transportation
Systems (ITS) by Type - Percentage Breakdown of Value Revenues
for ATMS, ETC Systems and Other Types for the Years 2020 & 2027

CANADA
Awakening Governmental Support to ITS Projects
Application of Intelligent Transportation Systems for Elderly/
Disabled Travelers
General Recommendations
User Convenience in Public Transport
Low-Cost Means for Disabled
Market Analytics
Table 11: Canada Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 12: Canada 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

JAPAN
Background
Steps Towards Deployment of ITS
Market Analytics
Table 13: Japan Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 14: Japan 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

CHINA
China Embarks on Significant ITS Deployments
Evolving Chinese ITS Sector
Advanced and Innovative Systems/Devices Penetrate the Market
Opportunities for ETC On the Roll In China
Market Analytics
Table 15: China Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 16: China 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

EUROPE
COVID-19 Derails Momentum in the European ITS Market
ITS Finds Place in the EU?s Multi-Million Euro Trans-European
Infrastructure Project
EXHIBIT 24: Europe Intelligent Transportation Systems (ITS) by
Application (% Share): 2020 Vs. 2025
ITS Action Plan & the 2010 ITS Directive Lay Strong Foundation
for ITS in Europe
Cooperative ITS Set to Widen its Footprint in Europe
Advanced Traffic Management Systems to Tackle Rising Traffic
Congestion in Western Europe
Tolling: A Key Source of Additional Finances for Governments in
Europe
Intelligent Transport Solutions for Public Transport
Europe Emphasizes RUC Amid Rising Concerns over Traffic Pollution
Ertico: Non-Profit Group Supporting ITS Implementation
Market Analytics
Table 17: Europe Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Geographic Region - France,
Germany, Italy, UK, Spain and Rest of Europe Markets -
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 18: Europe 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Geographic Region - Percentage
Breakdown of Value Revenues for France, Germany, Italy, UK,
Spain and Rest of Europe Markets for Years 2020 & 2027

Table 19: Europe Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 20: Europe 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

FRANCE
Table 21: France Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 22: France 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

GERMANY
Table 23: Germany Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 24: Germany 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

ITALY
An Insight into ITS Implementation
Market Analytics
Table 25: Italy Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 26: Italy 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

UNITED KINGDOM
Table 27: UK Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 28: UK 7-Year Perspective for Intelligent Transportation
Systems (ITS) by Type - Percentage Breakdown of Value Revenues
for ATMS, ETC Systems and Other Types for the Years 2020 & 2027

SPAIN
Table 29: Spain Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 30: Spain 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

REST OF EUROPE
Austria: High Attractiveness of New ITS Technologies to Bring
New Opportunities
Bulgaria: Challenges Abound in ITS Deployment
Existing Strengths and Opportunities Augur Well for Future
Deployments
Greece: Economic Duress Hinders ITS Adoption
Strong Experience and Expertise Promise Brighter Future
Hungary: Rising Participation of Public & Private Enterprises
Bodes Well
ITS Well Entrenched in Transportation Systems, Offers Base for
Future Growth
Netherlands: Investment Pour in for ITS Market
Netherlands Eyes C-ITS Implementation
Romania: ITS to Become a Reality by the End of the Decade
Market Analytics
Table 31: Rest of Europe Current & Future Analysis for
Intelligent Transportation Systems (ITS) by Type - ATMS, ETC
Systems and Other Types - Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 32: Rest of Europe 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

SOUTH KOREA
Table 33: South Korea Current & Future Analysis for Intelligent
Transportation Systems (ITS) by Type - ATMS, ETC Systems and
Other Types - Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 34: South Korea 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

REST OF WORLD
Asia-Pacific: Rapid Urbanization Creates Need for ITS
Lack of Interregional Cooperation in Asia-Pacific: A Hurdle to
ITS Adoption
Fiber Optic Cables-based Connectivity to Support ITS Services
Fostering ITS Experts for Proper Implementation and Operations
Need for Global ITS Reference Model and National Master Plans
Focus on Public-Private Coordination to Build ITS Capacity
Australia: A Well Developed ITS Market
ITS Australia
SCATS
Hong Kong: An Overview of ITS Market
History
Objectives of ITS Project
The Key ITS Solutions
India: A Potential Market
Government-Backed Projects Promote the Use of ITS
Tackling Urban Traffic Woes with ATIS
Brazil: Largest Transportation Network in Latin America
Market Snapshots
The Middle East: Transport Authorities Embrace ITS to Manage
Congestion and Reduce Accidents
Growing Awareness and Success of Existing Projects to Set Tone
for a Brighter Future
Road User Charging Abets ITS Projects in the Region
ITS Market to Surge in the UAE
Market Analytics
Table 35: Rest of World Current & Future Analysis for
Intelligent Transportation Systems (ITS) by Type - ATMS, ETC
Systems and Other Types - Independent Analysis of Annual
Revenues in US$ Million for the Years 2020 through 2027 and %
CAGR

Table 36: Rest of World 7-Year Perspective for Intelligent
Transportation Systems (ITS) by Type - Percentage Breakdown of
Value Revenues for ATMS, ETC Systems and Other Types for the
Years 2020 & 2027

IV. COMPETITION
Total Companies Profiled: 161
Read the full report: https://www.reportlinker.com/p05379577/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.

__________________________

CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001