The global intelligent transport systems market exhibited moderate growth during 2015-2020. The Intelligent Transport System (ITS) refers to a system that utilizes visual, analytical, control and communication technologies to manage different modes of on-road transportation efficiently. It is not only embedded within a vehicle but also in the infrastructure facilities to enhance on-road safety and achieve traffic efficiency by minimizing traffic problems. It uses various equipment such as ramp meters, electronic toll collectors, traffic light cameras, traffic-signal coordinators, transit signal systems and traveler-information systems.

The increasing number of smart cities, along with unprecedented population growth leading to widespread traffic congestion, are the key factors driving the market growth. The ITS significantly aids in the effective management of on-road traffic through Global Positioning System (GPS), Dedicated Short Range Communication (DSRC) and Carrier Access for Land Mobiles (CALM). Additionally, increasing occurrence of deaths due to road accidents have driven the demand for ITS across the globe. Advanced features such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication is creating a positive outlook for the market. These features provide real-time information to travelers about road conditions and construction zones, along with seat availability and timings of public modes of transport, thus enhancing the overall on-road safety and reducing the chances of fatalities while reducing the travel time. Moreover, increasing focus on research and development (R&D) in both the public and private sectors to incorporate more enhanced features is also contributing to the market growth. Looking forward, IMARC Group expects the global intelligent transport systems market to grow at a CAGR of around 5% during 2021-2026.

Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Mode of Transport:

Market Breakup by Product:
Network Management Systems
Advanced Traffic Management Systems (ATMS)
Road User Charging, Congestion Charging, etc.
Freight and Commercial Systems
Public Transport Systems
Security and Crime Reduction Systems
Automotive and Infotainment Systems
Road Safety Systems
Communications Systems

Market Breakup by Protocol:
Short Range
Wave (IEEE 802.11)
Wpan (IEEE 802.15)
Long Range
Wimax (IEEE 802.11)
IEEE 1512
Traffic Management Data Dictionary (TMDD)

Market Breakup by Offering:
Interface Board
Surveillance Camera
Telecommunication Network
Monitoring and Detection System
Visualization Software
Video Detection Management Software
Transit Management System
Business and Cloud Services
Support and Maintenance Services

Market Breakup by Application:
Fleet Management and Asset Monitoring
Intelligent Traffic Control
Collision Avoidance
Parking Management
Passenger Information Management
Ticketing Management
Emergency Vehicle Notification
Automotive Telematics

Market Breakup by Region:
North America
Asia Pacific
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Siemens, Thales Group, Garmin, Cubic Corporation, FLIR Systems, Lanner Electronics, Denso Corporation, IBM Corporation, Addco, TomTom, Kapsch Trafficcom, Iteris, Q-Free, Efkon, GeoToll, Electricfeel, Doublemap, Bestmile, Nutonomy, etc.