What is the current Intelligent Transport Systems Market size?

The Intelligent Transport Systems Market is projected to register a CAGR of 5.11% during the forecast period (2024-2029) Read More

Who are the key players in Intelligent Transport Systems Market?

Siemens AG, Thales Group, IBM Corporation, Cubic Corporation and Denso Corporation are the major companies operating in the Intelligent Transport Systems Market. Read More

Which is the fastest growing region in Intelligent Transport Systems Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Intelligent Transport Systems Market?

In 2024, the North America accounts for the largest market share in Intelligent Transport Systems Market. Read More

What years does this Intelligent Transport Systems Market cover?

The report covers the Intelligent Transport Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Intelligent Transport Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Intelligent Transport Systems Market Trends

Statistics for the 2023 & 2024 Intelligent Transport Systems market trends, created by Mordor Intelligence™ Industry Reports. Intelligent Transport Systems trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Intelligent Transport Systems Industry

This section covers the major market trends shaping the Intelligent Transport Systems Market according to our research experts:

Applications in Roadways are Becoming very Popular

Roadways is the fastest-growing sector in the intelligent transport systems market. The increasing number of commercial fleets all over the world due to the increasing e-commerce activities and manufacturing activities is encouraging many logistics players to deploy proper asset monitoring and management systems.
Companies, like GE Capital and AT&T have adopted telematics fleet solutions for continuous monitoring of fleet and real-time location status, which helps these companies schedule trips that would reduce the cost of maintenance and increase the driver’s productivity.
Countries like the United States, Germany, and India, have increased their investments in the intelligent transport systems and have established laws that make telematics installations mandatory in many of the vehicle segment. The major concern for road safety, as these countries face high accident mortality rates, is driving the growth of the ITS market.

Intelligent Transport System Market Forecast

Understand The Key Trends Shaping This Market

Download PDF

North America Holds the Largest Market Share

North America is the most advanced market for ITS. The region is equipped with several ITS systems in place, in order to manage the increasing traffic and public transportation system.
The region is witnessing exponential growth in the sales of commercial drones, along with countries like the United States imposing strong laws on drone pilots and registrations. Hence it is expected to create a huge demand for ITS systems in the airways sector over the forecast period.
In the case of passenger and commercial road vehicles, North America has a strong demand for dedicated short-range communication devices that prevent traffic jams, which is ultimately driving the demand for ITS systems in the region.