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
Tuesday, February 27, 2024
DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Intelligent Transportation Systems (ITS) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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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 & Advancements
-- 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 TRENDS & DRIVERS
-- 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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