The Intelligent Transport System Global Market Report 2023, provides comprehensive information on the intelligent transport system market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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As per The Business Research Company’s Intelligent Transport System Global Market Report 2023, the global intelligent transport system market size is expected to grow from $29.58 billion in 2022 to $33.18 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global intelligent transport system market size is expected to reach $50.23 billion in 2027 at a CAGR of 10.9%.
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Technological advancements are a key trend gaining popularity in the intelligent transport systems market. Companies operating in the intelligent transport systems market are adopting new technologies to sustain their position in the market. For instance, in November 2021, The City of Vienna government and Kapsch TrafficCom, an Austria-based provider of transportation solutions for sustainable mobility, launched Traffic Management 2.0. for smart transportation management and traffic management. Traffic Management 2.0 solution helps to improve the traffic conditions and thus the CO2 balance saving up to 15% of emissions thereby improving air quality.
The intelligent transport system market is segmented:
1) By Component: Hardware, Software, Services
2) By System: Advanced Traffic Management Systems (ATMS), Advanced Traveler Information Systems (ATIS), Advanced Transportation Pricing Systems (ATPS), Advanced Public Transportation Systems (APTS), Emergency Medical Systems (EMS)
3) By Mode of Transport: Roadways, Railways, Airways
4) By Application: Intelligent Traffic Control, Collision Avoidance, Parking Management, Ticketing Management, Automotive Telematics, Fleet Management And Asset Monitoring, Other Applications
North America was the largest region in the intelligent transport system market in 2022.
The table of contents in TBRC’s intelligent transport system market report includes:
1. Executive Summary
2. Intelligent Transport System Market Characteristics
3. Intelligent Transport System Market Trends And Strategies
4. Intelligent Transport System Market – Macro Economic Scenario
5. Intelligent Transport System Market Size And Growth
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26. Africa Intelligent Transport System Market
27. Intelligent Transport System Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Intelligent Transport System Market
29. Intelligent Transport System Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Thales
- Siemens
- Garmin Ltd
- Kapsch TrafficCom AG
- Tomtom International BV
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