Intelligent Transportation System Market Growth, Key Trends & Factor Driving Industry till 2030

Global Intelligent Transportation System Market Analysis

MarkNtel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Global Intelligent Transportation System market. The research report on the Intelligent Transportation System Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

The report further comprises, “Global Intelligent Transportation System Market size was valued at around USD 48.88 billion in 2024 and is projected to reach USD 66.19 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2025-30.

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Global Intelligent Transportation System Market Challenge:

High Investments Related to Intelligent Transport System Installation - The ITS heavily depends on numerous high-tech devices, software, and systems, making transforming traffic management into intelligent transportation systems rather expensive. Thus, the high cost associated with integrating and installing ITS could hamper the market expansion in the forthcoming years. Moreover, the maintenance costs and the high budget required for assistance through such technology are over the top for developing economies hindering industrial ascension.

Global Intelligent Transportation System Market Segment Geography [2025-2030]

The Intelligent Transportation System market is segmented into significant segments based on Geography.

-By Component

Hardware- Market Size Forecast 2020-2030, USD Million
Software- Market Size Forecast 2020-2030, USD Million
Services- Market Size Forecast 2020-2030, USD Million

-By Type

Advanced Public Transportation System (APTS) - Market Size Forecast 2020-2030, USD Million
Advanced Traffic Management System (ATMS) - Market Size Forecast 2020-2030, USD Million
Advanced Traveler Information System (ATIS) - Market Size Forecast 2020-2030, USD Million
Advanced Transport Pricing System (ATPS) - Market Size Forecast 2020-2030, USD Million
Advanced Rural Transportation System (ARTS) - Market Size Forecast 2020-2030, USD Million
Commercial Vehicle Operation (CVO) - Market Size Forecast 2020-2030, USD Million
Others (Emergency Vehicle Priority (EVP) Systems, Intelligent Parking Management System, etc.) - Market Size Forecast 2020-2030, USD Million

-By Application

Roadways - Market Size Forecast 2020-2030, USD Million
Railways- Market Size Forecast 2020-2030, USD Million
Airways- Market Size Forecast 2020-2030, USD Million
Maritime- Market Size Forecast 2020-2030, USD Million

-By Deployment

Cloud- Market Size Forecast 2020-2030, USD Million
On-Premise- Market Size Forecast 2020-2030, USD Million

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Geographical Analysis

-By Region

North America
South America
Europe
The Middle East Africa
Asia-Pacific

Top Companies Essentially Working in Intelligent Transportation System Market

Denso Corporation
Iteris
Lanner Electronics
Agero
EFKON
Cisco
Flir System
Siemens
TransCore
Citilog
Hitachi, Ltd
Garmin Ltd
Sensys Networks, Inc.
Kapsch TrafficCom AG
IBI Group
Others

Frequently Asked Questions (FAQs)-

What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
What are the trends influencing the current scenario of the market?
What leading factors would propel and impede the industry across the geography?
How has the industry been evolving in terms of geography Intelligent Transportation System adoption?
How has the competition been shaping up across the geography?

Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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