Global Intelligent Transportation Systems (ITS) Market Report 2022: Market to Reach $39.5 Billion by 2026

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Dublin, Aug. 23, 2022 (GLOBE NEWSWIRE) — The report ‘Intelligent Transportation Systems (ITS) – Global Market Trajectory & Analytics’ has been added to from offer.

Global Intelligent Transportation Systems (ITS) Market to Reach $39.5 Billion by 2026

The global intelligent transportation systems market is expected to register healthy growth in the short and long term. The market, estimated at US$27 billion in 2022, is expected to reach US$49.5 billion by 2026, registering a compound annual growth rate (CAGR) of 8.8% over the analysis period.

Using advanced traffic monitoring systems, data is transmitted to relevant authorities to prepare rescue teams in time and to motorists to track possible delays or hazards on the road via VMS (variable message signs), HAR (road radio) or broadcast radio traffic reports.

ITS, which involves the application of information, communication, sensor and control systems to improve the performance of surface transportation systems, can be categorized into areas that address different transportation requirements such as passenger safety, travel, reliability, increased mobility and reduced traffic congestion.

The technology includes traffic light controls, electronic fare payment and constantly updated traveler data in conjunction with multimodal planning data. Superior navigation, communication, operations monitoring, and data collection technologies are applied to improve mobility, safety, and transportation efficiency.

Traveler management systems help reduce congestion on the roads and significantly reduce emergency response times. ITS for transit services help streamline transit, enable transit companies to identify the precise location of vehicles, and ensure the safety of commuters.

The United States is the largest regional market for intelligent transportation systems, accounting for an estimated 39.1% share of the global total. The market, estimated at US$10.5 billion in 2022, is expected to reach US$15.9 billion by the end of the analysis period.

China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 14.2% over the analysis period. The market is expected to grow steadily to become a major regional market for intelligent transportation systems, supported by various factors conducive for healthy growth.

What’s new for 2022?

  • Global competitiveness and percentage market shares of main competitors

  • Market presence in multiple geographies – Strong/Active/Niche/Trivial

  • Peer-to-peer collaborative online interactive updates

  • Access to digital archives

  • Free updates for one year

Main topics covered:




  • Effect of the pandemic on the transportation industry

  • COVID-19 requires profound changes in travel habits

  • COVID-19 offers a hidden opportunity for an intelligent transportation system

  • The pandemic creates a need for a resilient transportation system

  • COVID-19 brings the fourth need for intelligent transport systems amid certain limitations

  • Enabling technologies

  • Different phases of ITS application

  • Segment overview

  • Advanced Traffic Management Systems (ATMS)

  • Electronic toll systems

  • Other intelligent transport systems

  • Public Vehicle Transportation Management Systems (PVTMS)

  • Commercial vehicle operating systems (CVO)

  • Advanced Vehicle Information Systems (AVIS)

  • Understanding the load following system

  • In Intelligent Transportation Systems for Vehicles: A Supplementary Review

  • Passenger vehicle applications

  • Commercial vehicle applications

  • Adopt Alliance as a growth strategy

  • Outlook

  • Intelligent transport system: a fundamental technology for intelligent transport

  • ITS strengthen the real modern transport infrastructure

  • Justification for the installation of the ITS

  • Key ITS capabilities in a capsule

  • Improving the efficiency and economy of transport systems

  • Ensure safety and security

  • Key result areas of ITS to ensure safety

  • Internet, X-rays and DSRC: the main enablers of ITS

  • A disparate market

  • Market scenario

  • Developed Markets: Traditional Revenue Contributors for the ITS Market

  • Developing markets to drive future ITS market growth

  • Intelligent Transportation Systems (ITS) – Percentage of Global Major Competitors Market Share in 2022 (E)

  • Major Players Transportation Management Systems Market Share Breakdown: 2020E

  • Global Transportation Software Competitor Market Share Positioning for 2020E

  • Recent market activity

  • Select Innovations and Progress

  • Global brands from certain regions

  • Competitive Market Presence – Strong/Active/Niche/Trivial for Gamers Worldwide in 2022 (E)

2. FOCUS ON CERTAIN PLAYERS (Total 161 featured):

  • Accenture

  • Citilog SA

  • Conduent Business Services, LLC

  • cubic society

  • Denso Company

  • EFKON S.A.

  • emovis

  • FLIR Systems, Inc.

  • Hitachi Vantara Corporation

  • IBM Corporation

  • Image Sensing Systems Inc.

  • INIT Innovation in SE Traffic Systems

  • Intellight Inc.

  • Iteris, Inc.

  • ItraMAS Corporation Sdn Bhd

  • Kapsch TrafficCom AG

  • LeddarTech Inc.

  • ASA without Q

  • Siemens AG

  • Speed ​​Info, Inc.


  • Telenav, Inc.

  • TransCore Holdings, Inc.


  • As a new platform capable of enabling future-proof traffic management, ITS is poised to expand its addressable market

  • Continued increase in vehicular traffic and the need to regulate traffic flow: A business case for ITS investments

  • Breakdown of annual delay hours due to traffic jams in selected countries and cities around the world

  • The increasing number of road accidents and the need to ensure road safety for commuters drives the business case for ITS

  • Focus on highways and smart roads to improve ITS deployments

  • The growing need to close the infrastructure gap that is greatest for roads promises a robust opportunity for Smart

  • Increasing investments in road infrastructure development

  • Continuous development of global highways to expand market opportunities for ITS and related markets

  • Increased focus on integrating various technologies to streamline the ITS landscape

  • Dominant technology trends fully support large-scale ITS deployments

  • Rapid Urbanization Triggers ITS Market Growth

  • The increase in the number of megacities promotes future growth

  • Major global cities are leading the way in the deployment of intelligent transport systems

  • Smart City Market Growth to Drive ITS Demand

  • Improved Logistics Capabilities Drive ITS Adoption

  • Growing focus on smart transportation broadens prospects

  • Smart parking technologies come to the fore to solve parking problems

  • Transformational Role of IoT Expands ITS Application Areas

  • Advanced in-car infotainment systems support ITS networks

  • Public-private collaborations support ITS development

  • Government policy towards ITS projects: criticism for ITS implementation

  • Private sector purchases are expected to increase

  • The secret of the success of ITS projects lies in the “selling of concepts”

  • Rapidly Changing Role of Cellular Networks in ITS: A Major Ongoing Trend

  • 5G to expand the role of cellular connectivity in the ITS ecosystem

  • Dynamic road signs to provide information on the availability of truck parking spaces

  • Super-intelligent transportation systems emerge to redefine the ITS concept

  • Technology developers and authorities seek to advance interoperability standards

  • Main objective areas of the common standards

  • Automated electronic tolling enters the ITS arena

  • Positive outlook for the ETC systems market

  • Growing popularity of road user pricing sheds light on ETC market outlook

  • The need to avoid long queues and environmental pollution at toll booths is driving demand

  • Innovation and Market Differentiation – Key Determinants of ETC Project Success

  • Reduced operating costs of ETC systems allow for increased acceptance

  • Smart cards in demand for ETC systems

  • Cooperative ITS promise to change the face of urban transport

  • Europe remains at the forefront of C-ITS efforts around the world

  • V2X is gaining notable attention to alleviate traffic issues

  • Connected vehicles pave the way for wider adoption of V2X technologies

  • V2X technology improves vehicle telematics

  • ATMS show greater adoption

  • GSMA publishes guidelines for spectrum considerations in ITS

  • Road Safety Cameras Increase ITS Capabilities

  • Role of master plans and common standards

  • Increase data volumes to drive the use of data analytics in ITS

  • Using open data and big data to improve ITS services

  • Implications of open data in the design of ITS services

  • Big data applications raise privacy concerns in ITS

  • ITS protection is vital to prevent cyberattacks

  • Main issues to consider

  • Potential Risks and Threats to Intelligent Vehicles and ITS Networks

  • Regional differences in the adoption of ITS services persist

  • Privacy issues

  • Low levels of awareness of the benefits of ITS

  • Red Light Camera Myths Limit Its Adoption




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