The Global Intelligent Transportation System Components 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. According to MarkNtel Advisors Study.
Global Intelligent Transportation System Components Market Driver:
Ever-Growing Need to Reduce Traffic Congestion – The increasing traffic congestion due to the rising number of vehicle purchases resulting from enhanced living standards & disposable income is pushing the demand for a smart transportation system. Thus, the traffic issues like congestion and many private vehicles on the road incompatible with traditional infrastructural designs and traffic systems are driving the market. Additionally, it provides limitless solutions to traffic and road issues by assisting drivers and passengers, reducing accident chances by delivering advanced and fast suggestions, and leading the traffic by calculating numerous dimensions from vehicles to infrastructures. Therefore, the industry is expected to expand exponentially, further enhancing the Global Intelligent Transportation System Market size.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Intelligent Transportation System Components Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Component
- Hardware- Market Size & Forecast 2020-2030, USD Million
- Sensors- Market Size & Forecast 2020-2030, USD Million
- Interface Boards- Market Size & Forecast 2020-2030, USD Million
- Surveillance Cameras- Market Size & Forecast 2020-2030, USD Million
- Monitoring & Detection System- Market Size & Forecast 2020-2030, USD Million
- Telecommunication Network- Market Size & Forecast 2020-2030, USD Million
- Others (Electronic Toll Collection (ETC) Systems, Variable Message Signs (VMS), etc.) – Market Size & Forecast 2020-2030, USD Million
- Software- Market Size & Forecast 2020-2030, USD Million
- Visualization Software- Market Size & Forecast 2020-2030, USD Million
- Transit Management System- Market Size & Forecast 2020-2030, USD Million
- Video Detection Management Software- Market Size & Forecast 2020-2030, USD Million
- Others (Fleet Management Software, Smart Parking Software, etc.) – Market Size & Forecast 2020-2030, USD Million
- Services- Market Size & Forecast 2020-2030, USD Million
- Professional- Market Size & Forecast 2020-2030, USD Million
- Managed- Market Size & Forecast 2020-2030, USD Million
- Hardware- 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
- Intelligent Traffic Control- Market Size & Forecast 2020-2030, USD Million
- Traffic Monitoring Systems- Market Size & Forecast 2020-2030, USD Million
- Traffic Signal Control Systems- Market Size & Forecast 2020-2030, USD Million
- Traffic Enforcement Cameras- Market Size & Forecast 2020-2030, USD Million
- Variable Traffic Message Signboards- Market Size & Forecast 2020-2030, USD Million
- Collision Avoidance- Market Size & Forecast 2020-2030, USD Million
- Parking Management- Market Size & Forecast 2020-2030, USD Million
- Passenger Information Management- Market Size & Forecast 2020-2030, USD Million
- Ticketing Management- Market Size & Forecast 2020-2030, USD Million
- Emergency Vehicle Notification- Market Size & Forecast 2020-2030, USD Million
- Automotive Telematics- Market Size & Forecast 2020-2030, USD Million
- Fleet Management and Asset Monitoring- Market Size & Forecast 2020-2030, USD Million
- Intelligent Traffic Control- Market Size & Forecast 2020-2030, USD Million
- Railways- Market Size & Forecast 2020-2030, USD Million
- Rail-running Operation and Collision Avoidance- Market Size & Forecast 2020-2030, USD Million
- Passenger Information Management- Market Size & Forecast 2020-2030, USD Million
- Smart Ticketing- Market Size & Forecast 2020-2030, USD Million
- Security & Surveillance- Market Size & Forecast 2020-2030, USD Million
- Emergency Notification- Market Size & Forecast 2020-2030, USD Million
- Others (Railway Traffic Management, Predictive Maintenance, etc.) – Market Size & Forecast 2020-2030, USD Million
- Airways- Market Size & Forecast 2020-2030, USD Million
- Security & Surveillance- Market Size & Forecast 2020-2030, USD Million
- Traveler Information Management- Market Size & Forecast 2020-2030, USD Million
- Smart Ticketing- Market Size & Forecast 2020-2030, USD Million
- Aircraft Management- Market Size & Forecast 2020-2030, USD Million
- Emergency Notification- Market Size & Forecast 2020-2030, USD Million
- Others (Flight Planning and Optimization, Aircraft Diagnostics and Health Monitoring, etc.) – Market Size & Forecast 2020-2030, USD Million
- Maritime- Market Size & Forecast 2020-2030, USD Million
- Freight Arrival & Transit- Market Size & Forecast 2020-2030, USD Million
- Real-time Weather Information Tracking- Market Size & Forecast 2020-2030, USD Million
- Container Movement Scheduling- Market Size & Forecast 2020-2030, USD Million
- Emergency Notification- Market Size & Forecast 2020-2030, USD Million
- Others (Marine Traffic Analytics, Maritime Security, etc.) – Market Size & Forecast 2020-2030, USD Million
- Roadways – 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
- By End User
- Traffic Management
- Freight Management
- Road Tolling System
- Road Safety and Security
- Public Transport
- Environment Protection
- Parking Management
- Others (Automotive Telematics, etc.)
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 are looking forward to strengthening their market positions.
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Global Intelligent Transportation System Components Industry Recent Development:
In April 2023, Siemens unveiled a digital model of next-generation FREYR Battery factories developed using NVIDIA technology at the Hannover Messe 2023 trade show.
In March 2023, Denso Corporation and Toyota Motor Corporation signed an agreement with Electron, an Israel-headquartered wireless charging development company, to jointly develop an advanced wireless vehicle kit (vehicle receiver) and promote wireless technology.
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