Intelligent Transportation System Market by Offering (Hardware, Software), System (Advanced Traffic Management System, ITS-enabled Transportation Pricing System), Application (Roadways, Railways, Aviation, Marine) and Region - Global Forecast to 2028
Intelligent Transportation System Market by Offering (Hardware, Software), System (Advanced Traffic Management System, ITS-enabled Transportation Pricing System), Application (Roadways, Railways, Aviation, Marine) and Region - Global Forecast to 2028
Abstract
The global intelligent transportation system (ITS) market is projected to reach USD 67.2 billion by 2028 from an estimated USD 47.8 billion in 2023, at a CAGR of 7.1% from 2023 to 2028Factors such as government efforts to ensure road and public safety, increased need to reduce traffic congestion, favorable government policies for effective traffic management, high adoption of ecofriendly automobile technology, and rapid development of smart cities globally have proved to be the major driving forces for the ITS market for roadways.
Freight arrival & transit segment is expected to lead the maritime application of the ITS market in 2028
The increasing number of freights in sea transport operations has led to complex distribution setups with an increased need for information flow, especially electronic messages among participants in distribution setups. This trend has been an initiative to shape a new intelligent transportation management system (ITS) that provides data and information more effectively to partner companies. ITS help monitor the arrival of freight, loading and unloading of goods, tracking the geographic location of freight, tracing shipment information, and others. Owing to this, the freight arrival & transit segment is expected to lead the maritime application of the ITS market in 2028.
Asia Pacific to account for the highest growth of ITS market during the forecast period
Among all regions, Asia Pacific is expected to register the highest growth in the ITS market during the forecast period. The region houses numerous ITS solution providers, such as Hitachi, Ltd.; DENSO Corporation, ST Engineering, and Lanner Electronics Inc., as well as end users. China, Japan, and South Korea mainly dominate the ITS market for the roadways segment in the region. These countries are densely populated and have a huge demand for vehicles, which leads to urban traffic congestion and an increase in CO2 emissions.
Some of the key companies operating in the ITS market are Siemens AG(Germany), Hitachi, Ltd. (Japan), Conduent Incorporated (US), Cubic Corporation (US), Kapsch TrafficCom AG (Austria), and so on.
Research Coverage:
In this report, the ITS market has been segmented on the basis of Offering; System; By Application – Roadways, Railways, Aviation, Maritime; and Region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the ITS ecosystem.
Key Benefits to Buy the Report:
•This report includes statistics for the ITS market based on Offering, System, By Application – Roadways, Railways, Aviation, Maritime; and Region, along with their respective market sizes.
•Value chain analysis and key industry trends have been provided for the market.
•Major drivers, restraints, opportunities, and challenges for the ITS market have been provided in detail in this report.
•This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as contracts, collaborations, agreements, product launches, acquisitions, expansions, and partnerships.
Content
Table of Contents
1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION39
1.2.1INCLUSIONS AND EXCLUSIONS40
1.3STUDY SCOPE40
FIGURE 1MARKET SEGMENTATION41
1.3.1REGIONAL SCOPE42
1.3.2YEARS CONSIDERED42
1.4CURRENCY CONSIDERED42
1.5UNIT CONSIDERED43
1.6STAKEHOLDERS43
1.7SUMMARY OF CHANGES43
2RESEARCH METHODOLOGY44
2.1RESEARCH DATA44
FIGURE 2ITS MARKET: RESEARCH DESIGN45
2.1.1SECONDARY AND PRIMARY RESEARCH46
2.1.2SECONDARY DATA46
2.1.2.1Secondary sources47
2.1.2.2List of key secondary sources47
2.1.3PRIMARY DATA47
2.1.3.1Primary interviews with experts48
2.1.3.2Breakdown of primary interviews48
2.1.3.3Key data from primary sources49
2.1.3.4Key industry insights49
2.2FACTOR ANALYSIS50
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF ITS SOLUTIONS50
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR SIEMENS AG IN ITS MARKET51
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE): DEMAND FOR ITS IN ROADWAYS APPLICATION52
2.3MARKET SIZE ESTIMATION52
2.3.1BOTTOM-UP APPROACH52
2.3.1.1Approach to obtain market size using bottom-up analysis (demand side)52
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH53
2.3.2TOP-DOWN APPROACH53
2.3.2.1Approach to obtain market size using top-down analysis (supply side)53
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH54
2.3.3MARKET GROWTH PROJECTIONS AND FORECAST ASSUMPTIONS54
TABLE 1MARKET GROWTH PROJECTIONS AND FORECAST ASSUMPTIONS54
2.4MARKET BREAKDOWN AND DATA TRIANGULATION55
FIGURE 8DATA TRIANGULATION55
2.5RESEARCH ASSUMPTIONS56
2.6RESEARCH LIMITATIONS57
2.7RESEARCH RISK ASSESSMENT57
TABLE 2RESEARCH RISK ASSESSMENT57
3EXECUTIVE SUMMARY59
3.1IMPACT OF RECESSION ON INTELLIGENT TRANSPORTATION SYSTEM MARKET60
3.1.1GLOBAL ECONOMY OUTLOOK60
3.1.2PRE-RECESSION60
3.1.3POST-RECESSION60
FIGURE 9GROWTH PROJECTION OF ITS MARKET IN PRE- AND POST-RECESSION SCENARIOS60
FIGURE 10COMMERCIAL VEHICLE OPERATIONS SEGMENT OF ITS MARKET FOR ROADWAYS TO RECORD HIGHEST CAGR FROM 2023 TO 202861
FIGURE 11TICKETING MANAGEMENT SEGMENT TO HAVE LARGEST SHARE OF ITS MARKET FOR ROADWAYS APPLICATION IN 202361
FIGURE 12SMART TICKETING SEGMENT TO RECORD HIGHEST CAGR IN ITS MARKET FOR RAILWAYS APPLICATION DURING FORECAST PERIOD62
FIGURE 13AIRCRAFT MANAGEMENT SEGMENT TO CAPTURE LARGEST SHARE OF ITS MARKET FOR AVIATION APPLICATION IN 202362
FIGURE 14FREIGHT ARRIVAL & TRANSIT SEGMENT TO LEAD MARITIME APPLICATION OF ITS MARKET IN 202863
FIGURE 15ASIA PACIFIC TO BE FASTEST-GROWING ITS MARKET FOR ROADWAYS APPLICATION DURING FORECAST PERIOD64
4PREMIUM INSIGHTS65
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ITS MARKET65
FIGURE 16DIGITAL AND INFRASTRUCTURAL DEVELOPMENTS IN ASIA PACIFIC TO CREATE GROWTH OPPORTUNITIES65
4.2ITS MARKET FOR ROADWAYS, BY OFFERING65
FIGURE 17HARDWARE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD65
4.3ITS MARKET FOR ROADWAYS, BY SYSTEM66
FIGURE 18ADVANCED TRAFFIC MANAGEMENT SYSTEM TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD66
4.4ITS MARKET FOR ROADWAYS, BY REGION66
FIGURE 19NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD66
4.5ITS MARKET FOR ROADWAYS, BY COUNTRY67
FIGURE 20AUSTRALIA TO GROW AT HIGHEST CAGR FOR ROADWAYS APPLICATION DURING FORECAST PERIOD67
4.6ITS MARKET FOR ROADWAYS, BY APPLICATION67
FIGURE 21TICKETING MANAGEMENT TO HOLD LARGEST MARKET SHARE67
4.7ITS MARKET FOR RAILWAYS, BY APPLICATION68
FIGURE 22RAIL-RUNNING OPERATION & COLLISION AVOIDANCE TO LEAD MARKET FROM 2023 TO 202868
4.8ITS MARKET FOR AVIATION, BY APPLICATION68
FIGURE 23AIRCRAFT MANAGEMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD68
4.9ITS MARKET FOR MARITIME, BY APPLICATION69
FIGURE 24SCHEDULING OF CONTAINER MOVEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE69
5MARKET OVERVIEW70
5.1INTRODUCTION70
5.2MARKET DYNAMICS FOR ITS IN ROADWAYS70
FIGURE 25ITS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR ROADWAYS APPLICATION70
5.2.1DRIVERS71
5.2.1.1Government efforts to ensure road and public safety71
FIGURE 26ROAD TRAFFIC DEATH RATES PER 100,000 POPULATION, 201971
5.2.1.2Increased need to reduce traffic congestion72
5.2.1.3Favorable government initiatives for effective traffic management72
5.2.1.4High adoption of eco-friendly automobile technology73
5.2.1.5Rapid development of smart cities globally73
FIGURE 27ITS MARKET: DRIVERS AND IMPACT74
5.2.2RESTRAINTS74
5.2.2.1High installation cost of ITS74
5.2.2.2Stagnation or sluggish growth in infrastructure sector74
FIGURE 28ITS MARKET: RESTRAINTS AND IMPACT75
5.2.3OPPORTUNITIES75
5.2.3.1Increasing focus of automobile companies on designing and developing smart vehicles compatible with ITS75
5.2.3.2Increasing public-private partnerships75
5.2.3.3Growing number of economically and technologically advanced countries76
FIGURE 29ITS MARKET: OPPORTUNITIES AND IMPACT76
5.2.4CHALLENGES77
5.2.4.1Achieving interoperable and standard ITS architecture worldwide77
FIGURE 30ITS MARKET: CHALLENGE AND IMPACT77
5.3MARKET DYNAMICS FOR ITS IN RAILWAYS78
FIGURE 31ITS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES FOR RAILWAYS APPLICATION78
5.3.1DRIVERS78
5.3.1.1Increasing demand for security and surveillance78
5.3.2RESTRAINTS79
5.3.2.1Slow development in railway infrastructure79
5.3.3OPPORTUNITIES79
5.3.3.1Growing focus of OEMs on providing diverse services and solutions to improve railway infrastructure79
5.4MARKET DYNAMICS FOR ITS IN AVIATION80
FIGURE 32ITS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES FOR AVIATION APPLICATION80
5.4.1DRIVERS80
5.4.1.1Growing focus on improving airline operations80
5.4.1.2Increasing importance of environmental conservation81
5.4.2RESTRAINTS81
5.4.2.1Lack of funding and synchronization among agencies81
5.4.3OPPORTUNITIES81
5.4.3.1Industry goals and initiatives to reduce CO2 emissions81
5.5MARKET DYNAMICS FOR ITS IN MARITIME82
FIGURE 33ITS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES FOR MARITIME APPLICATION82
5.5.1DRIVERS82
5.5.1.1Improving maritime logistics infrastructure82
5.5.2RESTRAINTS83
5.5.2.1Poor coordination among OEMs and technology providers and presence of conflicting regulatory policies83
5.5.3OPPORTUNITIES83
5.5.3.1Improving information and communication technologies83
5.6VALUE CHAIN ANALYSIS83
FIGURE 34ITS VALUE CHAIN ANALYSIS84
5.7ECOSYSTEM ANALYSIS85
TABLE 3ITS MARKET: ECOSYSTEM ANALYSIS85
5.8PRICING ANALYSIS86
TABLE 4AVERAGE SELLING PRICES OF ITS HARDWARE, BY TYPE86
FIGURE 35AVERAGE SELLING PRICE TREND FOR SENSORS, 2018–2028 (USD)86
FIGURE 36AVERAGE SELLING PRICE TREND FOR SURVEILLANCE CAMERAS, 2018–2028 (USD)87
5.9TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS87
5.10TECHNOLOGY ANALYSIS88
5.10.1ADOPTION OF IMAGE PROCESSING SOLUTIONS88
5.10.2USE OF SMARTPHONES TO FACILITATE VIDEO-BASED TOLL COLLECTION88
5.10.3INTRODUCTION OF C-ITS/V2X TECHNOLOGIES FOR WIRELESS DATA EXCHANGE88
5.10.4IMPLEMENTATION OF AUTONOMOUS DRIVING TECHNOLOGY TO REDUCE ACCIDENTS89
5.10.5CONNECTED CAR TECHNOLOGY FOR CAR-TO-CAR COMMUNICATION89
5.11PORTER’S FIVE FORCES ANALYSIS90
TABLE 5ITS MARKET: PORTER’S FIVE FORCES ANALYSIS90
FIGURE 37PORTER’S FIVE FORCES ANALYSIS91
5.11.1INTENSITY OF COMPETITIVE RIVALRY91
5.11.2THREAT OF SUBSTITUTES91
5.11.3BARGAINING POWER OF BUYERS92
5.11.4BARGAINING POWER OF SUPPLIERS92
5.11.5THREAT OF NEW ENTRANTS93
5.12CASE STUDY ANALYSIS93
5.12.1CUBIC CORPORATION PROVIDED INTELLIGENT PASSENGER-ORIENTED DISPLAYS TO GOVIA THAMESLINK RAILWAY TO REDUCE TOUCHPOINTS AND IMPROVE PASSENGER EXPERIENCE93
5.12.2FREEWI DE LIJN INTRODUCED “TAP & GO” TICKETING SYSTEM TO FLANDERS PUBLIC TRANSPORTATION TO REDUCE TRAFFIC CONGESTION94
5.12.3SANTIAGO UTILIZED ELECTRONIC TOLLING TECHNOLOGY ON URBAN HIGHWAYS TO GENERATE SIGNIFICANT INFRASTRUCTURE REVENUE WITHOUT IMPEDING TRAFFIC FLOW95
5.12.4CITY OF BENTONVILLE DEPLOYED MULTIMODAL DETECTION AND TRAFFIC DATA COLLECTION PROGRAM FOR SAFER AND MORE EFFICIENT STREETS95
5.12.5CUBIC CORPORATION MODERNIZED NEW YORK TRANSPORTATION NETWORK WITH SINGLE FARE PAYMENT SYSTEM96
5.13TRADE ANALYSIS96
5.13.1IMPORT SCENARIO96
TABLE 6IMPORT DATA, BY COUNTRY, 2017–2021 (USD BILLION)97
FIGURE 38TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS: IMPORT DATA FOR MAJOR COUNTRIES, 2017–202197
5.13.2EXPORT SCENARIO98
TABLE 7EXPORT DATA, BY COUNTRY, 2017–2021 (USD BILLION)98
FIGURE 39TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS: EXPORT DATA FOR MAJOR COUNTRIES, 2017–202198
5.14PATENT ANALYSIS99
TABLE 8KEY PATENTS IN ITS MARKET, 2008-202199
FIGURE 40PATENTS GRANTED WORLDWIDE, 2012–2022100
TABLE 9TOP 20 PATENT OWNERS IN US, 2012–2022100
FIGURE 41TOP 10 PATENT APPLICANTS, 2012–2022101
5.15KEY CONFERENCES AND EVENTS, 2023–2024102
TABLE 10ITS MARKET: KEY CONFERENCES AND EVENTS102
5.16TARIFF ANALYSIS103
5.17STANDARDS AND REGULATORY LANDSCAPE103
5.17.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS103
5.17.1.1North America103
5.17.1.2Europe104
5.17.2STANDARDS105
6PROTOCOLS FOR INTELLIGENT TRANSPORTATION SYSTEMS106
6.1INTRODUCTION106
6.2SHORT RANGE106
6.2.1WAVE (IEEE 802.11)106
6.2.2WPAN (IEEE 802.15)107
6.3LONG RANGE107
6.3.1WIMAX (IEEE 802.11)107
6.3.2OFDM107
6.4IEEE 1512107
6.5TRAFFIC MANAGEMENT DATA DICTIONARY (TMDD)108
6.6OTHERS108
7ITS MARKET FOR ROADWAYS, BY OFFERING109
7.1INTRODUCTION110
FIGURE 42ITS MARKET FOR ROADWAYS: BY OFFERING110
TABLE 11ITS MARKET FOR ROADWAYS, BY OFFERING, 2018–2022 (USD MILLION)110
FIGURE 43SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD111
TABLE 12ITS MARKET FOR ROADWAYS, BY OFFERING, 2023–2028 (USD MILLION)111
7.2HARDWARE112
FIGURE 44ITS MARKET: HARDWARE OFFERINGS112
TABLE 13ROADWAYS: ITS MARKET FOR HARDWARE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)112
TABLE 14ROADWAYS: ITS MARKET FOR HARDWARE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)113
7.2.1INTERFACE BOARD113
7.2.1.1Multifunctional board113
7.2.1.1.1Serves as interface between various ITS components113
7.2.1.2Vehicle detection board113
7.2.1.2.1Provides real-time information to traffic control servers113
7.2.1.3Communication board114
7.2.1.3.1To grow at highest CAGR during forecast period114
TABLE 15ROADWAYS: ITS MARKET FOR INTERFACE BOARD, BY TYPE, 2018–2022 (USD MILLION)114
TABLE 16ROADWAYS: ITS MARKET FOR INTERFACE BOARD, BY TYPE, 2023–2028 (USD MILLION)114
7.2.2SENSOR114
7.2.2.1Vehicle detection sensor114
7.2.2.1.1Helps adjust signal time based on vehicle presence114
7.2.2.2Pedestrian presence sensor115
7.2.2.2.1Helps improve pedestrian safety in urban areas115
7.2.2.3Speed sensor115
7.2.2.3.1Reduces vehicle speed during hazardous weather conditions115
TABLE 17ROADWAYS: ITS MARKET FOR SENSOR, BY TYPE, 2018–2022 (USD MILLION)115
TABLE 18ROADWAYS: ITS MARKET FOR SENSOR, BY TYPE, 2023–2028 (USD MILLION)115
TABLE 19ROADWAYS: ITS MARKET FOR SENSOR, BY TYPE, 2018–2022 (MILLION UNIT)115
TABLE 20ROADWAYS: ITS MARKET FOR SENSOR, BY TYPE, 2023–2028 (MILLION UNIT)116
7.2.3SURVEILLANCE CAMERA116
7.2.3.1Thermal camera116
7.2.3.1.1Integrated with automobiles and traffic monitoring systems116
7.2.3.2AID camera116
7.2.3.2.1Designed to detect and capture incidents automatically116
TABLE 21ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2018–2022 (USD MILLION)116
TABLE 22ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2023–2028 (USD MILLION)117
TABLE 23ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2018–2022 (MILLION UNIT)117
TABLE 24ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2023–2028 (MILLION UNIT)117
7.2.4TELECOMMUNICATION NETWORK117
7.2.4.1Fiber optic cable118
7.2.4.1.1Provides high bandwidth, long-distance transmission, and good signal immunity118
7.2.4.2Copper line118
7.2.4.2.1Used to connect traffic signal transmission devices and video cameras with traffic management centers118
7.2.4.3Wireless media118
7.2.4.3.1ZigBee, Wi-Fi, and Bluetooth widely used for short-range wireless applications118
TABLE 25ROADWAYS: ITS MARKET FOR TELECOMMUNICATION NETWORK, BY TYPE, 2018–2022 (USD MILLION)118
TABLE 26ROADWAYS: ITS MARKET FOR TELECOMMUNICATION NETWORK, BY TYPE, 2023–2028 (USD MILLION)119
7.2.5MONITORING AND DETECTION SYSTEM119
7.2.5.1Automatic number plate recognition system119
7.2.5.1.1Holds larger market share than intelligent traffic controller119
7.2.5.2Intelligent traffic controller119
7.2.5.2.1Can assess dynamic changes in traffic flow119
TABLE 27ROADWAYS: ITS MARKET FOR MONITORING AND DETECTION SYSTEM, BY TYPE, 2018–2022 (USD MILLION)120
TABLE 28ROADWAYS: ITS MARKET FOR MONITORING AND DETECTION SYSTEM, BY TYPE, 2023–2028 (USD MILLION)120
7.2.6OTHERS120
7.2.6.1Linked traffic controller120
7.2.6.2Variable message signboard120
TABLE 29ROADWAYS: ITS MARKET FOR OTHER HARDWARE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)121
TABLE 30ROADWAYS: ITS MARKET FOR OTHER HARDWARE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)121
7.3SOFTWARE121
FIGURE 45ITS MARKET: SOFTWARE OFFERINGS122
TABLE 31ROADWAYS: ITS MARKET FOR SOFTWARE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)122
TABLE 32ROADWAYS: ITS MARKET FOR SOFTWARE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)122
7.3.1VISUALIZATION SOFTWARE123
7.3.1.1Widely used in managing traffic control systems123
7.3.2VIDEO DETECTION MANAGEMENT SOFTWARE123
7.3.2.1Graphical user interface for real-time recording and monitoring of events123
7.3.3TRANSIT MANAGEMENT SOFTWARE123
7.3.3.1To record highest CAGR during forecast period123
7.3.4OTHERS123
7.4SERVICES124
FIGURE 46ITS MARKET: SERVICE OFFERINGS124
TABLE 33ROADWAYS: ITS MARKET FOR SERVICE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)124
TABLE 34ROADWAYS: ITS MARKET FOR SERVICE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)124
7.4.1BUSINESS & CLOUD SERVICE125
7.4.1.1Holds larger market share than support and maintenance service125
7.4.2SUPPORT & MAINTENANCE SERVICE125
7.4.2.1Required for both hardware devices and software125
8ITS MARKET FOR ROADWAYS, BY SYSTEM126
8.1INTRODUCTION127
FIGURE 47ITS MARKET FOR ROADWAYS: BY SYSTEM127
TABLE 35ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)127
FIGURE 48ADVANCED TRAFFIC MANAGEMENT SYSTEM TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD128
TABLE 36ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)128
8.2ADVANCED TRAFFIC MANAGEMENT SYSTEM (ATMS)129
8.2.1HOLDS LARGEST SHARE IN ITS MARKET129
TABLE 37ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)129
TABLE 38ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)130
TABLE 39ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY REGION, 2018–2022 (USD MILLION)130
TABLE 40ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY REGION, 2023–2028 (USD MILLION)130
8.3ADVANCED TRAVELER INFORMATION SYSTEM (ATIS)131
8.3.1VEHICLE-TO-VEHICLE (V2V), VEHICLE-TO-INFRASTRUCTURE (V2I), VEHICLE-TO-EVERYTHING (V2X) COMMUNICATION131
8.3.1.1Vital for connected vehicles131
TABLE 41ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)131
TABLE 42ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)132
TABLE 43ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY REGION, 2018–2022 (USD MILLION)132
FIGURE 49NORTH AMERICA TO HOLD LARGEST SHARE OF ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEMS BETWEEN 2023 AND 2028132
TABLE 44ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY REGION, 2023–2028 (USD MILLION)133
8.4ITS-ENABLED TRANSPORTATION PRICING SYSTEM (ITPS)133
8.4.1TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD133
TABLE 45ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)133
TABLE 46ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)134
TABLE 47ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY REGION, 2018–2022 (USD MILLION)134
TABLE 48ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY REGION, 2023–2028 (USD MILLION)134
8.5ADVANCED PUBLIC TRANSPORTATION SYSTEM (APTS)135
8.5.1ALLOWS PASSENGERS TO ACCESS REAL-TIME INFORMATION ON ARRIVAL AND DEPARTURE OF BUSES135
TABLE 49ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)135
TABLE 50ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)135
TABLE 51ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY REGION, 2018–2022 (USD MILLION)136
TABLE 52ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY REGION, 2023–2028 (USD MILLION)136
8.6COMMERCIAL VEHICLE OPERATIONS (CVO) SYSTEM136
8.6.1TO RECORD HIGHEST CAGR DURING FORECAST PERIOD136
TABLE 53ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)136
TABLE 54ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)137
TABLE 55ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY REGION, 2018–2022 (USD MILLION)137
TABLE 56ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY REGION, 2023–2028 (USD MILLION)137
9ITS MARKET FOR ROADWAYS, BY APPLICATION138
9.1INTRODUCTION139
FIGURE 50ITS MARKET FOR ROADWAYS: BY APPLICATION139
TABLE 57ITS MARKET FOR ROADWAYS, BY APPLICATION, 2018–2022 (USD MILLION)140
FIGURE 51INTELLIGENT TRAFFIC CONTROL APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2022140
TABLE 58ITS MARKET FOR ROADWAYS, BY APPLICATION, 2023–2028 (USD MILLION)141
9.2FLEET MANAGEMENT AND ASSET MONITORING141
9.2.1MINIMIZES RISKS ASSOCIATED WITH VEHICLE INVESTMENT141
TABLE 59ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)142
TABLE 60ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)142
TABLE 61ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY REGION, 2018–2022 (USD MILLION)142
TABLE 62ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY REGION, 2023–2028 (USD MILLION)142
9.3INTELLIGENT TRAFFIC CONTROL143
FIGURE 52ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL, BY SUB-TYPE143
TABLE 63ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY SUB-TYPE, 2018–2022 (USD MILLION)143
TABLE 64ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY SUB-TYPE, 2023–2028 (USD MILLION)144
9.3.1TRAFFIC MONITORING SYSTEM144
9.3.1.1Helps monitor real-time traffic conditions144
9.3.2TRAFFIC SIGNAL CONTROL SYSTEM144
9.3.2.1Effective way to address traffic congestion issues in urban areas144
9.3.3TRAFFIC ENFORCEMENT CAMERA145
9.3.3.1Helps detect traffic violations and security threats145
9.3.4VARIABLE TRAFFIC MESSAGE SIGNBOARD145
9.3.4.1Provides critical information about road and traffic conditions145
TABLE 65INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)145
TABLE 66INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)145
TABLE 67ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY REGION, 2018–2022 (USD MILLION)145
TABLE 68ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY REGION, 2023–2028 (USD MILLION)146
9.4COLLISION AVOIDANCE146
9.4.1OFFERS ELECTRONIC STABILITY CONTROL TECHNOLOGY TO AVOID SINGLE-VEHICLE OR ROLL-OVER CRASHES146
TABLE 69COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)146
TABLE 70COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)146
TABLE 71ROADWAYS: ITS MARKET FOR COLLISION AVOIDANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)147
FIGURE 53ASIA PACIFIC TO RECORD HIGHEST CAGR IN ITS MARKET FOR COLLISION AVOIDANCE APPLICATION BETWEEN 2023 AND 2028147
TABLE 72ROADWAYS: ITS MARKET FOR COLLISION AVOIDANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)147
9.5PARKING MANAGEMENT148
9.5.1FOR EFFICIENT MONITORING OF PARKING FACILITIES148
TABLE 73ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)148
TABLE 74ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)148
TABLE 75ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)149
TABLE 76ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)149
9.6PASSENGER INFORMATION MANAGEMENT149
9.6.1PROVIDES REAL-TIME DATA ON PASSENGERS BOARDING AND LEAVING AT EVERY STOP149
TABLE 77ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)150
TABLE 78ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)150
TABLE 79ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)150
TABLE 80ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)150
9.7TICKETING MANAGEMENT151
9.7.1HELPS TRANSPORTATION HUBS OPTIMIZE THEIR STAFFING ALLOCATION WHEN TICKET VOLUMES ARE HIGH151
TABLE 81ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)151
TABLE 82ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)152
TABLE 83ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)152
FIGURE 54NORTH AMERICA TO HOLD LARGEST SHARE OF ITS MARKET FOR TICKETING APPLICATION IN 2023152
TABLE 84ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)153
9.8EMERGENCY VEHICLE NOTIFICATION153
9.8.1NOTIFIES TRAFFIC ABOUT ARRIVAL OF EMERGENCY VEHICLES153
TABLE 85ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)153
TABLE 86ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)154
TABLE 87ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)154
TABLE 88ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)154
9.9AUTOMOTIVE TELEMATICS154
9.9.1TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD154
TABLE 89ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)155
TABLE 90ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)155
TABLE 91ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY REGION, 2018–2022 (USD MILLION)155
TABLE 92ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY REGION, 2023–2028 (USD MILLION)156
10ITS MARKET FOR RAILWAYS, BY APPLICATION157
10.1INTRODUCTION158
FIGURE 55ITS MARKET FOR RAILWAYS, BY APPLICATION158
TABLE 93ITS MARKET FOR RAILWAYS, BY APPLICATION, 2018–2022 (USD MILLION)159
FIGURE 56SMART TICKETING APPLICATION IN ITS MARKET FOR RAILWAYS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD159
TABLE 94ITS MARKET FOR RAILWAYS, BY APPLICATION, 2023–2028 (USD MILLION)160
10.2RAIL-RUNNING OPERATION & COLLISION AVOIDANCE160
10.2.1TO CAPTURE LARGEST SHARE OF ITS MARKET FOR RAILWAYS160
TABLE 95RAILWAYS: ITS MARKET FOR RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)161
TABLE 96RAILWAYS: ITS MARKET FOR RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)161
10.3PASSENGER INFORMATION MANAGEMENT161
10.3.1PROVIDES PRE-TRIP AND REAL-TIME INFORMATION TO PASSENGERS161
TABLE 97RAILWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)162
TABLE 98RAILWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)162
10.4SMART TICKETING162
10.4.1TO EXHIBIT HIGHEST CAGR IN ITS MARKET FOR RAILWAYS162
TABLE 99RAILWAYS: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2018–2022 (USD MILLION)163
FIGURE 57SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR IN ASIA PACIFIC ITS MARKET FOR RAILWAYS BETWEEN 2023 AND 2028163
TABLE 100RAILWAYS: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2023–2028 (USD MILLION)163
10.5SECURITY & SURVEILLANCE164
10.5.1VULNERABILITY TO SECURITY THREATS FACILITATES USE OF SECURITY AND SURVEILLANCE SYSTEMS AT RAILWAY STATIONS164
TABLE 101RAILWAYS: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)164
TABLE 102RAILWAYS: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)165
10.6EMERGENCY NOTIFICATION165
10.6.1REDUCES PROBABILITY OF RAILWAY ACCIDENTS165
TABLE 103RAILWAYS: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)165
TABLE 104RAILWAYS: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)165
10.7OTHERS166
TABLE 105RAILWAYS: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)166
TABLE 106RAILWAYS: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)166
11ITS MARKET FOR AVIATION, BY APPLICATION167
11.1INTRODUCTION168
FIGURE 58ITS MARKET FOR AVIATION: BY APPLICATION168
TABLE 107ITS MARKET FOR AVIATION, BY APPLICATION, 2018–2022 (USD MILLION)169
FIGURE 59SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR IN ITS MARKET FOR AVIATION DURING FORECAST PERIOD169
TABLE 108ITS MARKET FOR AVIATION, BY APPLICATION, 2023–2028 (USD MILLION)170
11.2SECURITY & SURVEILLANCE170
11.2.1HELPS AVOID UNETHICAL AND UNLAWFUL ACTIVITIES170
TABLE 109AVIATION: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)171
TABLE 110AVIATION: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)171
11.3SHUTTLE BUS TRACKING171
11.3.1DEPLOYED TO OFFER REAL-TIME BUS INFORMATION AND CONTROL RUN TIME AND HEADWAY DELAY171
TABLE 111AVIATION: ITS MARKET FOR SHUTTLE BUS TRACKING APPLICATION, BY REGION, 2018–2022 (USD MILLION)171
TABLE 112AVIATION: ITS MARKET FOR SHUTTLE BUS TRACKING APPLICATION, BY REGION, 2023–2028 (USD MILLION)172
11.4TRAVELER INFORMATION MANAGEMENT172
11.4.1DEPLOYED TO DISPLAY TRANSPORTATION SERVICES AND PROVIDE INFORMATION ON TRAFFIC CONDITIONS AND FLIGHT STATUS172
TABLE 113AVIATION: ITS MARKET FOR TRAVELER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)172
TABLE 114AVIATION: ITS MARKET FOR TRAVELER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)173
11.5SMART TICKETING173
11.5.1TO EXHIBIT HIGHEST CAGR IN ITS MARKET173
TABLE 115AVIATION: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2018–2022 (USD MILLION)173
FIGURE 60ASIA PACIFIC TO RECORD HIGHEST CAGR IN ITS MARKET FOR AVIATION BETWEEN 2023 AND 2028174
TABLE 116AVIATION: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2023–2028 (USD MILLION)174
11.6AIRCRAFT MANAGEMENT175
11.6.1HOLDS LARGEST SHARE OF ITS MARKET175
TABLE 117AVIATION: ITS MARKET FOR AIRCRAFT MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)175
TABLE 118AVIATION: ITS MARKET FOR AIRCRAFT MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)175
11.7EMERGENCY NOTIFICATION176
11.7.1HELPS AIRPORT AUTHORITIES IDENTIFY AND RESPOND QUICKLY TO EMERGENCY SITUATIONS176
TABLE 119AVIATION: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)176
TABLE 120AVIATION: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)176
11.8OTHERS176
TABLE 121AVIATION: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)177
FIGURE 61NORTH AMERICA TO HOLD LARGEST SHARE OF ITS MARKET FOR OTHER APPLICATIONS177
TABLE 122AVIATION: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)177
12ITS MARKET IN MARITIME, BY APPLICATION179
12.1INTRODUCTION180
FIGURE 62ITS MARKET FOR MARITIME: BY APPLICATION180
TABLE 123ITS MARKET FOR MARITIME, BY APPLICATION, 2018–2022 (USD MILLION)180
FIGURE 63FREIGHT ARRIVAL & TRANSIT APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR MARITIME DURING FORECAST PERIOD181
TABLE 124ITS MARKET FOR MARITIME, BY APPLICATION, 2023–2028 (USD MILLION)181
12.2FREIGHT ARRIVAL & TRANSIT182
12.2.1TO HOLD LARGEST SHARE OF ITS MARKET182
TABLE 125MARITIME: ITS MARKET FOR FREIGHT ARRIVAL & TRANSIT APPLICATION, BY REGION, 2018–2022 (USD MILLION)182
TABLE 126MARITIME: ITS MARKET FOR FREIGHT ARRIVAL & TRANSIT APPLICATION, BY REGION, 2023–2028 (USD MILLION)182
12.3REAL-TIME WEATHER INFORMATION TRACKING183
12.3.1HOLDS MINOR SHARE OF ITS MARKET183
TABLE 127MARITIME: ITS MARKET FOR REAL-TIME WEATHER INFORMATION TRACKING APPLICATION, BY REGION, 2018–2022 (USD MILLION)183
TABLE 128MARITIME: ITS MARKET FOR REAL-TIME WEATHER INFORMATION TRACKING APPLICATION, BY REGION, 2023–2028 (USD MILLION)183
12.4CONTAINER MOVEMENT SCHEDULING183
12.4.1TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD183
TABLE 129MARITIME: ITS MARKET FOR CONTAINER MOVEMENT SCHEDULING APPLICATION, BY REGION, 2018–2022 (USD MILLION)184
TABLE 130MARITIME: ITS MARKET FOR CONTAINER MOVEMENT SCHEDULING APPLICATION, BY REGION, 2023–2028 (USD MILLION)184
12.5EMERGENCY NOTIFICATION184
12.5.1PLAYS VITAL ROLE IN MONITORING AND REDUCING CHANCES OF MARINE ACCIDENTS184
TABLE 131MARITIME: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)185
TABLE 132MARITIME: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)185
12.6OTHERS185
TABLE 133MARITIME: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)185
TABLE 134MARITIME: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)186
Freight arrival & transit segment is expected to lead the maritime application of the ITS market in 2028
The increasing number of freights in sea transport operations has led to complex distribution setups with an increased need for information flow, especially electronic messages among participants in distribution setups. This trend has been an initiative to shape a new intelligent transportation management system (ITS) that provides data and information more effectively to partner companies. ITS help monitor the arrival of freight, loading and unloading of goods, tracking the geographic location of freight, tracing shipment information, and others. Owing to this, the freight arrival & transit segment is expected to lead the maritime application of the ITS market in 2028.
Asia Pacific to account for the highest growth of ITS market during the forecast period
Among all regions, Asia Pacific is expected to register the highest growth in the ITS market during the forecast period. The region houses numerous ITS solution providers, such as Hitachi, Ltd.; DENSO Corporation, ST Engineering, and Lanner Electronics Inc., as well as end users. China, Japan, and South Korea mainly dominate the ITS market for the roadways segment in the region. These countries are densely populated and have a huge demand for vehicles, which leads to urban traffic congestion and an increase in CO2 emissions.
Some of the key companies operating in the ITS market are Siemens AG(Germany), Hitachi, Ltd. (Japan), Conduent Incorporated (US), Cubic Corporation (US), Kapsch TrafficCom AG (Austria), and so on.
Research Coverage:
In this report, the ITS market has been segmented on the basis of Offering; System; By Application – Roadways, Railways, Aviation, Maritime; and Region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the ITS ecosystem.
Key Benefits to Buy the Report:
•This report includes statistics for the ITS market based on Offering, System, By Application – Roadways, Railways, Aviation, Maritime; and Region, along with their respective market sizes.
•Value chain analysis and key industry trends have been provided for the market.
•Major drivers, restraints, opportunities, and challenges for the ITS market have been provided in detail in this report.
•This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as contracts, collaborations, agreements, product launches, acquisitions, expansions, and partnerships.
1INTRODUCTION39
1.1STUDY OBJECTIVES39
1.2MARKET DEFINITION39
1.2.1INCLUSIONS AND EXCLUSIONS40
1.3STUDY SCOPE40
FIGURE 1MARKET SEGMENTATION41
1.3.1REGIONAL SCOPE42
1.3.2YEARS CONSIDERED42
1.4CURRENCY CONSIDERED42
1.5UNIT CONSIDERED43
1.6STAKEHOLDERS43
1.7SUMMARY OF CHANGES43
2RESEARCH METHODOLOGY44
2.1RESEARCH DATA44
FIGURE 2ITS MARKET: RESEARCH DESIGN45
2.1.1SECONDARY AND PRIMARY RESEARCH46
2.1.2SECONDARY DATA46
2.1.2.1Secondary sources47
2.1.2.2List of key secondary sources47
2.1.3PRIMARY DATA47
2.1.3.1Primary interviews with experts48
2.1.3.2Breakdown of primary interviews48
2.1.3.3Key data from primary sources49
2.1.3.4Key industry insights49
2.2FACTOR ANALYSIS50
FIGURE 3MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): REVENUES GENERATED BY COMPANIES FROM SALES OF ITS SOLUTIONS50
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 – TOP-DOWN (SUPPLY SIDE): ILLUSTRATION OF REVENUE ESTIMATIONS FOR SIEMENS AG IN ITS MARKET51
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND SIDE): DEMAND FOR ITS IN ROADWAYS APPLICATION52
2.3MARKET SIZE ESTIMATION52
2.3.1BOTTOM-UP APPROACH52
2.3.1.1Approach to obtain market size using bottom-up analysis (demand side)52
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH53
2.3.2TOP-DOWN APPROACH53
2.3.2.1Approach to obtain market size using top-down analysis (supply side)53
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH54
2.3.3MARKET GROWTH PROJECTIONS AND FORECAST ASSUMPTIONS54
TABLE 1MARKET GROWTH PROJECTIONS AND FORECAST ASSUMPTIONS54
2.4MARKET BREAKDOWN AND DATA TRIANGULATION55
FIGURE 8DATA TRIANGULATION55
2.5RESEARCH ASSUMPTIONS56
2.6RESEARCH LIMITATIONS57
2.7RESEARCH RISK ASSESSMENT57
TABLE 2RESEARCH RISK ASSESSMENT57
3EXECUTIVE SUMMARY59
3.1IMPACT OF RECESSION ON INTELLIGENT TRANSPORTATION SYSTEM MARKET60
3.1.1GLOBAL ECONOMY OUTLOOK60
3.1.2PRE-RECESSION60
3.1.3POST-RECESSION60
FIGURE 9GROWTH PROJECTION OF ITS MARKET IN PRE- AND POST-RECESSION SCENARIOS60
FIGURE 10COMMERCIAL VEHICLE OPERATIONS SEGMENT OF ITS MARKET FOR ROADWAYS TO RECORD HIGHEST CAGR FROM 2023 TO 202861
FIGURE 11TICKETING MANAGEMENT SEGMENT TO HAVE LARGEST SHARE OF ITS MARKET FOR ROADWAYS APPLICATION IN 202361
FIGURE 12SMART TICKETING SEGMENT TO RECORD HIGHEST CAGR IN ITS MARKET FOR RAILWAYS APPLICATION DURING FORECAST PERIOD62
FIGURE 13AIRCRAFT MANAGEMENT SEGMENT TO CAPTURE LARGEST SHARE OF ITS MARKET FOR AVIATION APPLICATION IN 202362
FIGURE 14FREIGHT ARRIVAL & TRANSIT SEGMENT TO LEAD MARITIME APPLICATION OF ITS MARKET IN 202863
FIGURE 15ASIA PACIFIC TO BE FASTEST-GROWING ITS MARKET FOR ROADWAYS APPLICATION DURING FORECAST PERIOD64
4PREMIUM INSIGHTS65
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ITS MARKET65
FIGURE 16DIGITAL AND INFRASTRUCTURAL DEVELOPMENTS IN ASIA PACIFIC TO CREATE GROWTH OPPORTUNITIES65
4.2ITS MARKET FOR ROADWAYS, BY OFFERING65
FIGURE 17HARDWARE SEGMENT TO LEAD MARKET DURING FORECAST PERIOD65
4.3ITS MARKET FOR ROADWAYS, BY SYSTEM66
FIGURE 18ADVANCED TRAFFIC MANAGEMENT SYSTEM TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD66
4.4ITS MARKET FOR ROADWAYS, BY REGION66
FIGURE 19NORTH AMERICA TO LEAD MARKET DURING FORECAST PERIOD66
4.5ITS MARKET FOR ROADWAYS, BY COUNTRY67
FIGURE 20AUSTRALIA TO GROW AT HIGHEST CAGR FOR ROADWAYS APPLICATION DURING FORECAST PERIOD67
4.6ITS MARKET FOR ROADWAYS, BY APPLICATION67
FIGURE 21TICKETING MANAGEMENT TO HOLD LARGEST MARKET SHARE67
4.7ITS MARKET FOR RAILWAYS, BY APPLICATION68
FIGURE 22RAIL-RUNNING OPERATION & COLLISION AVOIDANCE TO LEAD MARKET FROM 2023 TO 202868
4.8ITS MARKET FOR AVIATION, BY APPLICATION68
FIGURE 23AIRCRAFT MANAGEMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD68
4.9ITS MARKET FOR MARITIME, BY APPLICATION69
FIGURE 24SCHEDULING OF CONTAINER MOVEMENT SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE69
5MARKET OVERVIEW70
5.1INTRODUCTION70
5.2MARKET DYNAMICS FOR ITS IN ROADWAYS70
FIGURE 25ITS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR ROADWAYS APPLICATION70
5.2.1DRIVERS71
5.2.1.1Government efforts to ensure road and public safety71
FIGURE 26ROAD TRAFFIC DEATH RATES PER 100,000 POPULATION, 201971
5.2.1.2Increased need to reduce traffic congestion72
5.2.1.3Favorable government initiatives for effective traffic management72
5.2.1.4High adoption of eco-friendly automobile technology73
5.2.1.5Rapid development of smart cities globally73
FIGURE 27ITS MARKET: DRIVERS AND IMPACT74
5.2.2RESTRAINTS74
5.2.2.1High installation cost of ITS74
5.2.2.2Stagnation or sluggish growth in infrastructure sector74
FIGURE 28ITS MARKET: RESTRAINTS AND IMPACT75
5.2.3OPPORTUNITIES75
5.2.3.1Increasing focus of automobile companies on designing and developing smart vehicles compatible with ITS75
5.2.3.2Increasing public-private partnerships75
5.2.3.3Growing number of economically and technologically advanced countries76
FIGURE 29ITS MARKET: OPPORTUNITIES AND IMPACT76
5.2.4CHALLENGES77
5.2.4.1Achieving interoperable and standard ITS architecture worldwide77
FIGURE 30ITS MARKET: CHALLENGE AND IMPACT77
5.3MARKET DYNAMICS FOR ITS IN RAILWAYS78
FIGURE 31ITS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES FOR RAILWAYS APPLICATION78
5.3.1DRIVERS78
5.3.1.1Increasing demand for security and surveillance78
5.3.2RESTRAINTS79
5.3.2.1Slow development in railway infrastructure79
5.3.3OPPORTUNITIES79
5.3.3.1Growing focus of OEMs on providing diverse services and solutions to improve railway infrastructure79
5.4MARKET DYNAMICS FOR ITS IN AVIATION80
FIGURE 32ITS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES FOR AVIATION APPLICATION80
5.4.1DRIVERS80
5.4.1.1Growing focus on improving airline operations80
5.4.1.2Increasing importance of environmental conservation81
5.4.2RESTRAINTS81
5.4.2.1Lack of funding and synchronization among agencies81
5.4.3OPPORTUNITIES81
5.4.3.1Industry goals and initiatives to reduce CO2 emissions81
5.5MARKET DYNAMICS FOR ITS IN MARITIME82
FIGURE 33ITS MARKET: DRIVERS, RESTRAINTS, AND OPPORTUNITIES FOR MARITIME APPLICATION82
5.5.1DRIVERS82
5.5.1.1Improving maritime logistics infrastructure82
5.5.2RESTRAINTS83
5.5.2.1Poor coordination among OEMs and technology providers and presence of conflicting regulatory policies83
5.5.3OPPORTUNITIES83
5.5.3.1Improving information and communication technologies83
5.6VALUE CHAIN ANALYSIS83
FIGURE 34ITS VALUE CHAIN ANALYSIS84
5.7ECOSYSTEM ANALYSIS85
TABLE 3ITS MARKET: ECOSYSTEM ANALYSIS85
5.8PRICING ANALYSIS86
TABLE 4AVERAGE SELLING PRICES OF ITS HARDWARE, BY TYPE86
FIGURE 35AVERAGE SELLING PRICE TREND FOR SENSORS, 2018–2028 (USD)86
FIGURE 36AVERAGE SELLING PRICE TREND FOR SURVEILLANCE CAMERAS, 2018–2028 (USD)87
5.9TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS87
5.10TECHNOLOGY ANALYSIS88
5.10.1ADOPTION OF IMAGE PROCESSING SOLUTIONS88
5.10.2USE OF SMARTPHONES TO FACILITATE VIDEO-BASED TOLL COLLECTION88
5.10.3INTRODUCTION OF C-ITS/V2X TECHNOLOGIES FOR WIRELESS DATA EXCHANGE88
5.10.4IMPLEMENTATION OF AUTONOMOUS DRIVING TECHNOLOGY TO REDUCE ACCIDENTS89
5.10.5CONNECTED CAR TECHNOLOGY FOR CAR-TO-CAR COMMUNICATION89
5.11PORTER’S FIVE FORCES ANALYSIS90
TABLE 5ITS MARKET: PORTER’S FIVE FORCES ANALYSIS90
FIGURE 37PORTER’S FIVE FORCES ANALYSIS91
5.11.1INTENSITY OF COMPETITIVE RIVALRY91
5.11.2THREAT OF SUBSTITUTES91
5.11.3BARGAINING POWER OF BUYERS92
5.11.4BARGAINING POWER OF SUPPLIERS92
5.11.5THREAT OF NEW ENTRANTS93
5.12CASE STUDY ANALYSIS93
5.12.1CUBIC CORPORATION PROVIDED INTELLIGENT PASSENGER-ORIENTED DISPLAYS TO GOVIA THAMESLINK RAILWAY TO REDUCE TOUCHPOINTS AND IMPROVE PASSENGER EXPERIENCE93
5.12.2FREEWI DE LIJN INTRODUCED “TAP & GO” TICKETING SYSTEM TO FLANDERS PUBLIC TRANSPORTATION TO REDUCE TRAFFIC CONGESTION94
5.12.3SANTIAGO UTILIZED ELECTRONIC TOLLING TECHNOLOGY ON URBAN HIGHWAYS TO GENERATE SIGNIFICANT INFRASTRUCTURE REVENUE WITHOUT IMPEDING TRAFFIC FLOW95
5.12.4CITY OF BENTONVILLE DEPLOYED MULTIMODAL DETECTION AND TRAFFIC DATA COLLECTION PROGRAM FOR SAFER AND MORE EFFICIENT STREETS95
5.12.5CUBIC CORPORATION MODERNIZED NEW YORK TRANSPORTATION NETWORK WITH SINGLE FARE PAYMENT SYSTEM96
5.13TRADE ANALYSIS96
5.13.1IMPORT SCENARIO96
TABLE 6IMPORT DATA, BY COUNTRY, 2017–2021 (USD BILLION)97
FIGURE 38TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS: IMPORT DATA FOR MAJOR COUNTRIES, 2017–202197
5.13.2EXPORT SCENARIO98
TABLE 7EXPORT DATA, BY COUNTRY, 2017–2021 (USD BILLION)98
FIGURE 39TELEVISION CAMERAS, DIGITAL CAMERAS, AND VIDEO CAMERA RECORDERS: EXPORT DATA FOR MAJOR COUNTRIES, 2017–202198
5.14PATENT ANALYSIS99
TABLE 8KEY PATENTS IN ITS MARKET, 2008-202199
FIGURE 40PATENTS GRANTED WORLDWIDE, 2012–2022100
TABLE 9TOP 20 PATENT OWNERS IN US, 2012–2022100
FIGURE 41TOP 10 PATENT APPLICANTS, 2012–2022101
5.15KEY CONFERENCES AND EVENTS, 2023–2024102
TABLE 10ITS MARKET: KEY CONFERENCES AND EVENTS102
5.16TARIFF ANALYSIS103
5.17STANDARDS AND REGULATORY LANDSCAPE103
5.17.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS103
5.17.1.1North America103
5.17.1.2Europe104
5.17.2STANDARDS105
6PROTOCOLS FOR INTELLIGENT TRANSPORTATION SYSTEMS106
6.1INTRODUCTION106
6.2SHORT RANGE106
6.2.1WAVE (IEEE 802.11)106
6.2.2WPAN (IEEE 802.15)107
6.3LONG RANGE107
6.3.1WIMAX (IEEE 802.11)107
6.3.2OFDM107
6.4IEEE 1512107
6.5TRAFFIC MANAGEMENT DATA DICTIONARY (TMDD)108
6.6OTHERS108
7ITS MARKET FOR ROADWAYS, BY OFFERING109
7.1INTRODUCTION110
FIGURE 42ITS MARKET FOR ROADWAYS: BY OFFERING110
TABLE 11ITS MARKET FOR ROADWAYS, BY OFFERING, 2018–2022 (USD MILLION)110
FIGURE 43SOFTWARE SEGMENT TO REGISTER HIGHEST CAGR IN ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD111
TABLE 12ITS MARKET FOR ROADWAYS, BY OFFERING, 2023–2028 (USD MILLION)111
7.2HARDWARE112
FIGURE 44ITS MARKET: HARDWARE OFFERINGS112
TABLE 13ROADWAYS: ITS MARKET FOR HARDWARE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)112
TABLE 14ROADWAYS: ITS MARKET FOR HARDWARE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)113
7.2.1INTERFACE BOARD113
7.2.1.1Multifunctional board113
7.2.1.1.1Serves as interface between various ITS components113
7.2.1.2Vehicle detection board113
7.2.1.2.1Provides real-time information to traffic control servers113
7.2.1.3Communication board114
7.2.1.3.1To grow at highest CAGR during forecast period114
TABLE 15ROADWAYS: ITS MARKET FOR INTERFACE BOARD, BY TYPE, 2018–2022 (USD MILLION)114
TABLE 16ROADWAYS: ITS MARKET FOR INTERFACE BOARD, BY TYPE, 2023–2028 (USD MILLION)114
7.2.2SENSOR114
7.2.2.1Vehicle detection sensor114
7.2.2.1.1Helps adjust signal time based on vehicle presence114
7.2.2.2Pedestrian presence sensor115
7.2.2.2.1Helps improve pedestrian safety in urban areas115
7.2.2.3Speed sensor115
7.2.2.3.1Reduces vehicle speed during hazardous weather conditions115
TABLE 17ROADWAYS: ITS MARKET FOR SENSOR, BY TYPE, 2018–2022 (USD MILLION)115
TABLE 18ROADWAYS: ITS MARKET FOR SENSOR, BY TYPE, 2023–2028 (USD MILLION)115
TABLE 19ROADWAYS: ITS MARKET FOR SENSOR, BY TYPE, 2018–2022 (MILLION UNIT)115
TABLE 20ROADWAYS: ITS MARKET FOR SENSOR, BY TYPE, 2023–2028 (MILLION UNIT)116
7.2.3SURVEILLANCE CAMERA116
7.2.3.1Thermal camera116
7.2.3.1.1Integrated with automobiles and traffic monitoring systems116
7.2.3.2AID camera116
7.2.3.2.1Designed to detect and capture incidents automatically116
TABLE 21ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2018–2022 (USD MILLION)116
TABLE 22ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2023–2028 (USD MILLION)117
TABLE 23ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2018–2022 (MILLION UNIT)117
TABLE 24ROADWAYS: ITS MARKET FOR SURVEILLANCE CAMERA, BY TYPE, 2023–2028 (MILLION UNIT)117
7.2.4TELECOMMUNICATION NETWORK117
7.2.4.1Fiber optic cable118
7.2.4.1.1Provides high bandwidth, long-distance transmission, and good signal immunity118
7.2.4.2Copper line118
7.2.4.2.1Used to connect traffic signal transmission devices and video cameras with traffic management centers118
7.2.4.3Wireless media118
7.2.4.3.1ZigBee, Wi-Fi, and Bluetooth widely used for short-range wireless applications118
TABLE 25ROADWAYS: ITS MARKET FOR TELECOMMUNICATION NETWORK, BY TYPE, 2018–2022 (USD MILLION)118
TABLE 26ROADWAYS: ITS MARKET FOR TELECOMMUNICATION NETWORK, BY TYPE, 2023–2028 (USD MILLION)119
7.2.5MONITORING AND DETECTION SYSTEM119
7.2.5.1Automatic number plate recognition system119
7.2.5.1.1Holds larger market share than intelligent traffic controller119
7.2.5.2Intelligent traffic controller119
7.2.5.2.1Can assess dynamic changes in traffic flow119
TABLE 27ROADWAYS: ITS MARKET FOR MONITORING AND DETECTION SYSTEM, BY TYPE, 2018–2022 (USD MILLION)120
TABLE 28ROADWAYS: ITS MARKET FOR MONITORING AND DETECTION SYSTEM, BY TYPE, 2023–2028 (USD MILLION)120
7.2.6OTHERS120
7.2.6.1Linked traffic controller120
7.2.6.2Variable message signboard120
TABLE 29ROADWAYS: ITS MARKET FOR OTHER HARDWARE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)121
TABLE 30ROADWAYS: ITS MARKET FOR OTHER HARDWARE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)121
7.3SOFTWARE121
FIGURE 45ITS MARKET: SOFTWARE OFFERINGS122
TABLE 31ROADWAYS: ITS MARKET FOR SOFTWARE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)122
TABLE 32ROADWAYS: ITS MARKET FOR SOFTWARE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)122
7.3.1VISUALIZATION SOFTWARE123
7.3.1.1Widely used in managing traffic control systems123
7.3.2VIDEO DETECTION MANAGEMENT SOFTWARE123
7.3.2.1Graphical user interface for real-time recording and monitoring of events123
7.3.3TRANSIT MANAGEMENT SOFTWARE123
7.3.3.1To record highest CAGR during forecast period123
7.3.4OTHERS123
7.4SERVICES124
FIGURE 46ITS MARKET: SERVICE OFFERINGS124
TABLE 33ROADWAYS: ITS MARKET FOR SERVICE OFFERINGS, BY TYPE, 2018–2022 (USD MILLION)124
TABLE 34ROADWAYS: ITS MARKET FOR SERVICE OFFERINGS, BY TYPE, 2023–2028 (USD MILLION)124
7.4.1BUSINESS & CLOUD SERVICE125
7.4.1.1Holds larger market share than support and maintenance service125
7.4.2SUPPORT & MAINTENANCE SERVICE125
7.4.2.1Required for both hardware devices and software125
8ITS MARKET FOR ROADWAYS, BY SYSTEM126
8.1INTRODUCTION127
FIGURE 47ITS MARKET FOR ROADWAYS: BY SYSTEM127
TABLE 35ITS MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)127
FIGURE 48ADVANCED TRAFFIC MANAGEMENT SYSTEM TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD128
TABLE 36ITS MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)128
8.2ADVANCED TRAFFIC MANAGEMENT SYSTEM (ATMS)129
8.2.1HOLDS LARGEST SHARE IN ITS MARKET129
TABLE 37ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)129
TABLE 38ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)130
TABLE 39ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY REGION, 2018–2022 (USD MILLION)130
TABLE 40ROADWAYS: ITS MARKET FOR ADVANCED TRAFFIC MANAGEMENT SYSTEM, BY REGION, 2023–2028 (USD MILLION)130
8.3ADVANCED TRAVELER INFORMATION SYSTEM (ATIS)131
8.3.1VEHICLE-TO-VEHICLE (V2V), VEHICLE-TO-INFRASTRUCTURE (V2I), VEHICLE-TO-EVERYTHING (V2X) COMMUNICATION131
8.3.1.1Vital for connected vehicles131
TABLE 41ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)131
TABLE 42ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)132
TABLE 43ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY REGION, 2018–2022 (USD MILLION)132
FIGURE 49NORTH AMERICA TO HOLD LARGEST SHARE OF ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEMS BETWEEN 2023 AND 2028132
TABLE 44ROADWAYS: ITS MARKET FOR ADVANCED TRAVELER INFORMATION SYSTEM, BY REGION, 2023–2028 (USD MILLION)133
8.4ITS-ENABLED TRANSPORTATION PRICING SYSTEM (ITPS)133
8.4.1TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD133
TABLE 45ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)133
TABLE 46ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)134
TABLE 47ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY REGION, 2018–2022 (USD MILLION)134
TABLE 48ROADWAYS: ITS MARKET FOR ITS-ENABLED TRANSPORTATION PRICING SYSTEM, BY REGION, 2023–2028 (USD MILLION)134
8.5ADVANCED PUBLIC TRANSPORTATION SYSTEM (APTS)135
8.5.1ALLOWS PASSENGERS TO ACCESS REAL-TIME INFORMATION ON ARRIVAL AND DEPARTURE OF BUSES135
TABLE 49ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)135
TABLE 50ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)135
TABLE 51ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY REGION, 2018–2022 (USD MILLION)136
TABLE 52ROADWAYS: ITS MARKET FOR ADVANCED PUBLIC TRANSPORTATION SYSTEM, BY REGION, 2023–2028 (USD MILLION)136
8.6COMMERCIAL VEHICLE OPERATIONS (CVO) SYSTEM136
8.6.1TO RECORD HIGHEST CAGR DURING FORECAST PERIOD136
TABLE 53ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY APPLICATION, 2018–2022 (USD MILLION)136
TABLE 54ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY APPLICATION, 2023–2028 (USD MILLION)137
TABLE 55ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY REGION, 2018–2022 (USD MILLION)137
TABLE 56ROADWAYS: ITS MARKET FOR COMMERCIAL VEHICLE OPERATIONS SYSTEM, BY REGION, 2023–2028 (USD MILLION)137
9ITS MARKET FOR ROADWAYS, BY APPLICATION138
9.1INTRODUCTION139
FIGURE 50ITS MARKET FOR ROADWAYS: BY APPLICATION139
TABLE 57ITS MARKET FOR ROADWAYS, BY APPLICATION, 2018–2022 (USD MILLION)140
FIGURE 51INTELLIGENT TRAFFIC CONTROL APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2022140
TABLE 58ITS MARKET FOR ROADWAYS, BY APPLICATION, 2023–2028 (USD MILLION)141
9.2FLEET MANAGEMENT AND ASSET MONITORING141
9.2.1MINIMIZES RISKS ASSOCIATED WITH VEHICLE INVESTMENT141
TABLE 59ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)142
TABLE 60ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)142
TABLE 61ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY REGION, 2018–2022 (USD MILLION)142
TABLE 62ROADWAYS: ITS MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING APPLICATION, BY REGION, 2023–2028 (USD MILLION)142
9.3INTELLIGENT TRAFFIC CONTROL143
FIGURE 52ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL, BY SUB-TYPE143
TABLE 63ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY SUB-TYPE, 2018–2022 (USD MILLION)143
TABLE 64ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY SUB-TYPE, 2023–2028 (USD MILLION)144
9.3.1TRAFFIC MONITORING SYSTEM144
9.3.1.1Helps monitor real-time traffic conditions144
9.3.2TRAFFIC SIGNAL CONTROL SYSTEM144
9.3.2.1Effective way to address traffic congestion issues in urban areas144
9.3.3TRAFFIC ENFORCEMENT CAMERA145
9.3.3.1Helps detect traffic violations and security threats145
9.3.4VARIABLE TRAFFIC MESSAGE SIGNBOARD145
9.3.4.1Provides critical information about road and traffic conditions145
TABLE 65INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)145
TABLE 66INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)145
TABLE 67ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY REGION, 2018–2022 (USD MILLION)145
TABLE 68ROADWAYS: ITS MARKET FOR INTELLIGENT TRAFFIC CONTROL APPLICATION, BY REGION, 2023–2028 (USD MILLION)146
9.4COLLISION AVOIDANCE146
9.4.1OFFERS ELECTRONIC STABILITY CONTROL TECHNOLOGY TO AVOID SINGLE-VEHICLE OR ROLL-OVER CRASHES146
TABLE 69COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM, 2018–2022 (USD MILLION)146
TABLE 70COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM, 2023–2028 (USD MILLION)146
TABLE 71ROADWAYS: ITS MARKET FOR COLLISION AVOIDANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)147
FIGURE 53ASIA PACIFIC TO RECORD HIGHEST CAGR IN ITS MARKET FOR COLLISION AVOIDANCE APPLICATION BETWEEN 2023 AND 2028147
TABLE 72ROADWAYS: ITS MARKET FOR COLLISION AVOIDANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)147
9.5PARKING MANAGEMENT148
9.5.1FOR EFFICIENT MONITORING OF PARKING FACILITIES148
TABLE 73ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)148
TABLE 74ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)148
TABLE 75ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)149
TABLE 76ROADWAYS: ITS MARKET FOR PARKING MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)149
9.6PASSENGER INFORMATION MANAGEMENT149
9.6.1PROVIDES REAL-TIME DATA ON PASSENGERS BOARDING AND LEAVING AT EVERY STOP149
TABLE 77ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)150
TABLE 78ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)150
TABLE 79ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)150
TABLE 80ROADWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)150
9.7TICKETING MANAGEMENT151
9.7.1HELPS TRANSPORTATION HUBS OPTIMIZE THEIR STAFFING ALLOCATION WHEN TICKET VOLUMES ARE HIGH151
TABLE 81ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)151
TABLE 82ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)152
TABLE 83ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)152
FIGURE 54NORTH AMERICA TO HOLD LARGEST SHARE OF ITS MARKET FOR TICKETING APPLICATION IN 2023152
TABLE 84ROADWAYS: ITS MARKET FOR TICKETING MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)153
9.8EMERGENCY VEHICLE NOTIFICATION153
9.8.1NOTIFIES TRAFFIC ABOUT ARRIVAL OF EMERGENCY VEHICLES153
TABLE 85ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)153
TABLE 86ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)154
TABLE 87ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)154
TABLE 88ROADWAYS: ITS MARKET FOR EMERGENCY VEHICLE NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)154
9.9AUTOMOTIVE TELEMATICS154
9.9.1TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD154
TABLE 89ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY SYSTEM, 2018–2022 (USD MILLION)155
TABLE 90ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY SYSTEM, 2023–2028 (USD MILLION)155
TABLE 91ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY REGION, 2018–2022 (USD MILLION)155
TABLE 92ROADWAYS: ITS MARKET FOR AUTOMOTIVE TELEMATICS APPLICATION, BY REGION, 2023–2028 (USD MILLION)156
10ITS MARKET FOR RAILWAYS, BY APPLICATION157
10.1INTRODUCTION158
FIGURE 55ITS MARKET FOR RAILWAYS, BY APPLICATION158
TABLE 93ITS MARKET FOR RAILWAYS, BY APPLICATION, 2018–2022 (USD MILLION)159
FIGURE 56SMART TICKETING APPLICATION IN ITS MARKET FOR RAILWAYS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD159
TABLE 94ITS MARKET FOR RAILWAYS, BY APPLICATION, 2023–2028 (USD MILLION)160
10.2RAIL-RUNNING OPERATION & COLLISION AVOIDANCE160
10.2.1TO CAPTURE LARGEST SHARE OF ITS MARKET FOR RAILWAYS160
TABLE 95RAILWAYS: ITS MARKET FOR RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)161
TABLE 96RAILWAYS: ITS MARKET FOR RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)161
10.3PASSENGER INFORMATION MANAGEMENT161
10.3.1PROVIDES PRE-TRIP AND REAL-TIME INFORMATION TO PASSENGERS161
TABLE 97RAILWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)162
TABLE 98RAILWAYS: ITS MARKET FOR PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)162
10.4SMART TICKETING162
10.4.1TO EXHIBIT HIGHEST CAGR IN ITS MARKET FOR RAILWAYS162
TABLE 99RAILWAYS: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2018–2022 (USD MILLION)163
FIGURE 57SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR IN ASIA PACIFIC ITS MARKET FOR RAILWAYS BETWEEN 2023 AND 2028163
TABLE 100RAILWAYS: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2023–2028 (USD MILLION)163
10.5SECURITY & SURVEILLANCE164
10.5.1VULNERABILITY TO SECURITY THREATS FACILITATES USE OF SECURITY AND SURVEILLANCE SYSTEMS AT RAILWAY STATIONS164
TABLE 101RAILWAYS: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)164
TABLE 102RAILWAYS: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)165
10.6EMERGENCY NOTIFICATION165
10.6.1REDUCES PROBABILITY OF RAILWAY ACCIDENTS165
TABLE 103RAILWAYS: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)165
TABLE 104RAILWAYS: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)165
10.7OTHERS166
TABLE 105RAILWAYS: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)166
TABLE 106RAILWAYS: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)166
11ITS MARKET FOR AVIATION, BY APPLICATION167
11.1INTRODUCTION168
FIGURE 58ITS MARKET FOR AVIATION: BY APPLICATION168
TABLE 107ITS MARKET FOR AVIATION, BY APPLICATION, 2018–2022 (USD MILLION)169
FIGURE 59SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR IN ITS MARKET FOR AVIATION DURING FORECAST PERIOD169
TABLE 108ITS MARKET FOR AVIATION, BY APPLICATION, 2023–2028 (USD MILLION)170
11.2SECURITY & SURVEILLANCE170
11.2.1HELPS AVOID UNETHICAL AND UNLAWFUL ACTIVITIES170
TABLE 109AVIATION: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2018–2022 (USD MILLION)171
TABLE 110AVIATION: ITS MARKET FOR SECURITY & SURVEILLANCE APPLICATION, BY REGION, 2023–2028 (USD MILLION)171
11.3SHUTTLE BUS TRACKING171
11.3.1DEPLOYED TO OFFER REAL-TIME BUS INFORMATION AND CONTROL RUN TIME AND HEADWAY DELAY171
TABLE 111AVIATION: ITS MARKET FOR SHUTTLE BUS TRACKING APPLICATION, BY REGION, 2018–2022 (USD MILLION)171
TABLE 112AVIATION: ITS MARKET FOR SHUTTLE BUS TRACKING APPLICATION, BY REGION, 2023–2028 (USD MILLION)172
11.4TRAVELER INFORMATION MANAGEMENT172
11.4.1DEPLOYED TO DISPLAY TRANSPORTATION SERVICES AND PROVIDE INFORMATION ON TRAFFIC CONDITIONS AND FLIGHT STATUS172
TABLE 113AVIATION: ITS MARKET FOR TRAVELER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)172
TABLE 114AVIATION: ITS MARKET FOR TRAVELER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)173
11.5SMART TICKETING173
11.5.1TO EXHIBIT HIGHEST CAGR IN ITS MARKET173
TABLE 115AVIATION: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2018–2022 (USD MILLION)173
FIGURE 60ASIA PACIFIC TO RECORD HIGHEST CAGR IN ITS MARKET FOR AVIATION BETWEEN 2023 AND 2028174
TABLE 116AVIATION: ITS MARKET FOR SMART TICKETING APPLICATION, BY REGION, 2023–2028 (USD MILLION)174
11.6AIRCRAFT MANAGEMENT175
11.6.1HOLDS LARGEST SHARE OF ITS MARKET175
TABLE 117AVIATION: ITS MARKET FOR AIRCRAFT MANAGEMENT APPLICATION, BY REGION, 2018–2022 (USD MILLION)175
TABLE 118AVIATION: ITS MARKET FOR AIRCRAFT MANAGEMENT APPLICATION, BY REGION, 2023–2028 (USD MILLION)175
11.7EMERGENCY NOTIFICATION176
11.7.1HELPS AIRPORT AUTHORITIES IDENTIFY AND RESPOND QUICKLY TO EMERGENCY SITUATIONS176
TABLE 119AVIATION: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)176
TABLE 120AVIATION: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)176
11.8OTHERS176
TABLE 121AVIATION: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)177
FIGURE 61NORTH AMERICA TO HOLD LARGEST SHARE OF ITS MARKET FOR OTHER APPLICATIONS177
TABLE 122AVIATION: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)177
12ITS MARKET IN MARITIME, BY APPLICATION179
12.1INTRODUCTION180
FIGURE 62ITS MARKET FOR MARITIME: BY APPLICATION180
TABLE 123ITS MARKET FOR MARITIME, BY APPLICATION, 2018–2022 (USD MILLION)180
FIGURE 63FREIGHT ARRIVAL & TRANSIT APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR MARITIME DURING FORECAST PERIOD181
TABLE 124ITS MARKET FOR MARITIME, BY APPLICATION, 2023–2028 (USD MILLION)181
12.2FREIGHT ARRIVAL & TRANSIT182
12.2.1TO HOLD LARGEST SHARE OF ITS MARKET182
TABLE 125MARITIME: ITS MARKET FOR FREIGHT ARRIVAL & TRANSIT APPLICATION, BY REGION, 2018–2022 (USD MILLION)182
TABLE 126MARITIME: ITS MARKET FOR FREIGHT ARRIVAL & TRANSIT APPLICATION, BY REGION, 2023–2028 (USD MILLION)182
12.3REAL-TIME WEATHER INFORMATION TRACKING183
12.3.1HOLDS MINOR SHARE OF ITS MARKET183
TABLE 127MARITIME: ITS MARKET FOR REAL-TIME WEATHER INFORMATION TRACKING APPLICATION, BY REGION, 2018–2022 (USD MILLION)183
TABLE 128MARITIME: ITS MARKET FOR REAL-TIME WEATHER INFORMATION TRACKING APPLICATION, BY REGION, 2023–2028 (USD MILLION)183
12.4CONTAINER MOVEMENT SCHEDULING183
12.4.1TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD183
TABLE 129MARITIME: ITS MARKET FOR CONTAINER MOVEMENT SCHEDULING APPLICATION, BY REGION, 2018–2022 (USD MILLION)184
TABLE 130MARITIME: ITS MARKET FOR CONTAINER MOVEMENT SCHEDULING APPLICATION, BY REGION, 2023–2028 (USD MILLION)184
12.5EMERGENCY NOTIFICATION184
12.5.1PLAYS VITAL ROLE IN MONITORING AND REDUCING CHANCES OF MARINE ACCIDENTS184
TABLE 131MARITIME: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2018–2022 (USD MILLION)185
TABLE 132MARITIME: ITS MARKET FOR EMERGENCY NOTIFICATION APPLICATION, BY REGION, 2023–2028 (USD MILLION)185
12.6OTHERS185
TABLE 133MARITIME: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)185
TABLE 134MARITIME: ITS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)186
Related Report
