Outlook on the Intelligent Transportation Systems and Services Global Market to 2030

DUBLIN, Sept. 28, 2022 /PRNewswire/ — The “Intelligent Transportation Systems And Services (Itss) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030” report has been added to  ResearchAndMarkets.com’s providing.

The world clever transportation techniques and providers (ITSS) market is probably going to cross US$ 127.5 Bn by 2030, rising at a CAGR of 6.0% via the forecast interval 2022 to 2030.

The marketplace for clever transportation techniques and providers is rising steadily with rising want to cut back visitors congestions significantly in metropolitan cities throughout the world. In addition, clever transportation techniques provide advantages such lowered gasoline consumption, travelling delays and surroundings safety.

Rising consciousness about the advantages of this expertise is anticipated to spur the demand for ITSS significantly in rising markets. This is anticipated to encourage gamers throughout the worth chain of this trade to introduce modern applied sciences to keep their footholds on this potential trade. 

Intelligent transportation techniques and providers (ITSS) are used for a number of purposes which embody highway visitors administration, environment friendly public transport amenities, freight administration, highway security, surroundings safety, automotive telematics, parking administration, digital toll assortment and car security and safety.

Road visitors administration is the largest utility phase in the general Intelligent transportation techniques and providers (ITSS) market and accounted for the largest income share in 2021. With rising inhabitants, variety of car and restricted scope for highway growth metropolitan cities throughout the world are repeatedly dealing with congestion issues.

In order to cut back congestion, metropolitan cities are anticipated to make investments vital quantity upfront visitors administration options to cut back congestion issues. Moreover, the public transport phase is anticipated to be the most engaging phase as public transport authorities are investing vital quantity in superior transportation and associated options for extra environment friendly providers examine to personal transportation amenities.

In addition, surroundings safety and automotive telematics purposes are one other engaging market segments for clever transportation techniques and providers (ITSS) distributors. Stringent emission management and highway security regulation in developed and growing markets are anticipated to affect the demand for surroundings safety, visitors administration and highway security options in these markets.

Developed markets equivalent to the U.S, UK and Singapore have launched stringent highway charging insurance policies to cut back congestion on main roads throughout peak instances. Some different international locations significantly in Asia Pacific and Europe are anticipated to introduce such visitors management insurance policies to cut back congestion in peak hours which is anticipated to spur the demand for highway charging techniques in these international locations.

Advanced public transportation techniques are anticipated to see a profitable development via the forecast interval 2022 – 2030 This is especially due to growing set up of automotive telematics techniques, digital fare fee techniques and dynamic signal boards so as to enhance the public confidence for public transports amenities over personal transport. Advanced visitors administration techniques accounted for the largest income share in 2021 and is anticipated to stay the dominant phase over the forecast interval with rising want to cut back congestion significantly developed and rising economies throughout the world.

Advanced car info techniques are one other engaging market phase on this market with rising demand for infotainment and navigation gadgets from each car producers and personal car homeowners in aftermarket. The marketplace for highway pricing system in developed economies is comparatively mature and anticipated to develop with new freeway and expressway tasks. However, the marketplace for digital toll assortment (ETC) system is rising quickly in rising markets equivalent to China, Russia, Brazil India, and South Africa owing to new freeway tasks in these international locations.

There are two forms of cooperative car techniques.

• Vehicle to Infrastructure (V2I): Enables communication between car and highway facet infrastructure.
• Vehicle to Vehicle (V2V): Enables communication between two autos.

Cooperative car techniques are mostly used to present dynamic visitors info to driver and enhance driver’s security.

The world clever transportation techniques and providers market is split into 4 regional markets i.e. Europe, North America, Asia Pacific and Rest of the World. North America was the largest regional market in 2021. The U.S. authorities and visitors authorities in the nation are investing vital quantity to cut back congestion and introducing obligatory rules to cut back accidents which additional anticipated to affect the development of ITSS market in the U.S. Canada and Mexico are additionally introducing U.S. transportation requirements to enhance effectivity of their transportation networks.

Asia Pacific is the anticipated to be the quickest rising regional market. This development is primarily attributed to rising adoption of clever transportation techniques significantly in China, Australia and India. Rising variety of car registrations per 12 months and restricted area for highway growth are two main components forcing India and China to spend money on the highway transportation enchancment packages.

In Europe, EU7 international locations (UK, Germany, Spain, Italy, France, Netherlands and Belgium) accounted for the largest market share in the general Europe ITSS market. In Europe, CIS (Commonwealth of Independent States) area is anticipated to observe the quickest development throughout the forecast interval 2022& 2030. This development is primarily attributed to introduction of latest funding program for deployment of clever transportation techniques significantly in Russia.

Russia trying to enhance effectivity of the present transportation community and cut back congestion in the nation. In the remainder of the world ITSS market, South America is the largest market and Africa is anticipated to be the quickest rising area with rising deployment of ITSS in South Africa to assist its financial development.
With rising revenue alternatives, the world inhabitants in city areas is growing quickly and it’s predicted that greater than 75% of the world inhabitants will dwell in metropolitan cities throughout the world. Rising inhabitants and growing variety of autos in these cities will pressure authorities and visitors authorities to deploy advance visitors administration options for higher visitors administration. Japan, U.S., Singapore, UK and Germany signify matured markets for ITS.

Most of the ITS applied sciences are first developed, examined and applied in these international locations. North America and Europe have made obligatory to set up Electronic Stability Control (ESC) system in each business and passenger automobiles from 2011. ESC is a driver help system and permits drivers to keep away from accidents precipitated due to skidding.

Several international locations have noticed a large enchancment in the efficiency of transportation community operations after deploying clever transportation techniques and providers (ITSS) by enhancing the effectivity of their present transportation networks, cut back gasoline consumption and the variety of highway accidents. ITSS is gaining reputation in rising markets equivalent to South Korea, China, Brazil, India, Russia, Australia and many different international locations throughout the world with the rising consciousness about the advantages of those applied sciences.

Key questions answered on this report

• What are the key micro and macro environmental components which might be impacting the development of Intelligent Transportation Systems And Services (Itss) market?
• What are the key funding pockets with respect to product segments and geographies presently and throughout the forecast interval?
• Estimated forecast and market projections up to 2030.
• Which phase accounts for the quickest CAGR throughout the forecast interval?
• Which market phase holds a bigger market share and why?
• Are low and middle-income economies investing in the Intelligent Transportation Systems And Services (ITSS) market?
• Which is the largest regional marketplace for Intelligent Transportation Systems And Services (ITSS) market?
• What are the market traits and dynamics in rising markets equivalent to Asia Pacific, Latin America, and Middle East – Africa?
• Which are the key traits driving Intelligent Transportation Systems And Services (ITSS) market development?
• Who are the key opponents and what are their key methods to improve their market presence in the Intelligent Transportation Systems And Services (ITSS) market worldwide?

Key Topics Covered:

1. Preface

2. Executive Summary

3. Intelligent Transportation Systems And Services (Itss) Market: Business Outlook & Market Dynamics
3.1. Introduction
3.2. Global Intelligent Transportation Systems And Services (Itss) Market Value, 2020 – 2030, (US$ Billion)
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Restraints
3.3.3. Key Challenges
3.3.4. Key Opportunities
3.4. Impact Analysis of Drivers and Restraints
3.5. See-Saw Analysis
3.6. Porter’s Five Force Model
3.6.1. Supplier Power
3.6.2. Buyer Power
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTEL Analysis
3.7.1. Political Landscape
3.7.2. Economic Landscape
3.7.3. Technology Landscape
3.7.4. Legal Landscape
3.7.5. Social Landscape
3.8. Heptalysis Analysis
3.9. Critical Investigation of Business Problems Through Five Whys Root Cause Analysis & Relevant Solutions

4. Intelligent Transportation Systems And Services (Itss) Market: By System Type, 2020-2030, USD (Billion)
4.1. Market Overview
4.2. Growth & Revenue Analysis: 2021 Versus 2030
4.3. Market Segmentation
4.3.1. Traveller Information Systems
4.3.2. Transportation Management Systems
4.3.3. Road Pricing Systems
4.3.4. Public Transportation Systems
4.3.5. Cooperative Vehicle

5. Intelligent Transportation Systems And Services (Itss) Market: By Application, 2020-2030, USD (Billion)
5.1. Market Overview
5.2. Growth & Revenue Analysis: 2021 Versus 2030
5.3. Market Segmentation
5.3.1. Traffic Management
5.3.2. Road Safety and Surveillance
5.3.3. Freight Management
5.3.4. Public Transport
5.3.5. Environment Protection
5.3.6. Automotive Telematics
5.3.7. Parking Management
5.3.8. Road User Charging

6. Intelligent Transportation Systems And Services (Itss) Market: By Component, 2020-2030, USD (Billion)
6.1. Market Overview
6.2. Growth & Revenue Analysis: 2021 Versus 2030
6.3. Market Segmentation
6.3.1. Hardware
6.3.2. Services

7. North America Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

8. UK and European Union Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

9. Asia Pacific Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

10. Latin America Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

11. Middle East and Africa Intelligent Transportation Systems And Services (Itss) Market, 2020-2030, USD (Billion)

12. Company Profile
12.1. Garmin Ltd
12.1.1. Company Overview
12.1.2. Financial Performance
12.1.3. Product Portfolio
12.1.4. Strategic Initiatives
12.2. Cobra Electronics Corporation
12.2.1. Company Overview
12.2.2. Financial Performance
12.2.3. Product Portfolio
12.2.4. Strategic Initiatives
12.3. DENSO Corporation
12.3.1. Company Overview
12.3.2. Financial Performance
12.3.3. Product Portfolio
12.3.4. Strategic Initiatives
12.4. Xerox Corporation
12.4.1. Company Overview
12.4.2. Financial Performance
12.4.3. Product Portfolio
12.4.4. Strategic Initiatives
12.5. SWARCO AG
12.5.1. Company Overview
12.5.2. Financial Performance
12.5.3. Product Portfolio
12.5.4. Strategic Initiatives
12.6. Siemens AG
12.6.1. Company Overview
12.6.2. Financial Performance
12.6.3. Product Portfolio
12.6.4. Strategic Initiatives
12.7. Hitachi Ltd
12.7.1. Company Overview
12.7.2. Financial Performance
12.7.3. Product Portfolio
12.7.4. Strategic Initiatives
12.8. Kapsch TrafficCom
12.8.1. Company Overview
12.8.2. Financial Performance
12.8.3. Product Portfolio
12.8.4. Strategic Initiatives
12.9. Q-Free ASA
12.9.1. Company Overview
12.9.2. Financial Performance
12.9.3. Product Portfolio
12.9.4. Strategic Initiatives
12.10. TomTom NV
12.10.1. Company Overview
12.10.2. Financial Performance
12.10.3. Product Portfolio
12.10.4. Strategic Initiatives

For extra details about this report go to https://www.researchandmarkets.com/r/8c658v

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]
 
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
 
U.S. Fax: 646-607-1907
Fax (exterior U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

SOURCE Research and Markets