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The Intelligent Roadways Transportation System Market size was recorded at USD 23.89 billion in 2023 and is expected to reach USD 47.43 billion by 2032, growing at a CAGR of 8.05 % over the forecast period of 2024-2032.
The increasing number of on-road accidents and vehicle failures has boosted the need for an intelligent transportation system market. The number of fatalities from motor vehicle crashes in 2023 was estimated by the U.S. Government to be 41,000, a 3.5% reduction from 2022. Furthermore, the United States government has allocated around USD 68.9 billion towards the restoration of roads and highways, as well as the enhancement of safety protocols, under the Federal Aid-Highway Program. As like same, according to the new Indian Budget 2024, the amount of INR 26,000 crore is allocated to roads and maintenance, a way towards the development of the transportation system.
To improve driver experience in various ways, the intelligent transportation system market has implemented advanced communication and information technology in traffic and transportation system operations. The integration of advanced transportation systems in every form of transportation that uses intelligent communication technologies such as GPS, Internal sensors, speed management systems, eco approach, and other Computer-based technology to operate vehicles comes under this market, to reduce on-road accidents and others like air and water traffic. For Instance, Parsons, in January 2024, launched the Freight Intelligent Transportation System (FITS) in Oakland port, for the 24*7 maintenance of FITS applications and devices along the port side.
The other factors that are likely to boost the intelligent transportation system market growth will be more cars on the roads, degrading infrastructure, and poor traffic data handling. Consequently, there will be a surging need for intelligent traffic management systems to regulate the traffic on the roads, as well as in the cities. From public to commercial organizations, various efforts are being initiated to develop smart systems, and the trend indicates how technology will shape the ITS market. For Instance, The U.S. Department of Transportation has launched many programs such as strengthening mobility and revolutionizing Transportation Grant programs to provide grants to public sectors for the improvement of smart transportation systems.
The Traffic Management Center (TMC) in the ITS setup can handle real-time data and help cars discover alternate routes to lessen traffic congestion. This TMC solution consists of several systems and components, including sensors, vehicle probes, navigation systems, and video surveillance systems. For Instance, famous competitors of the automotive like Tesla, Toyota, Porsche, and Volkswagen have launched car models integrated with advanced GPS systems, EV and sustainable energy, traffic management systems, etc. which makes them different from others.
Market Dynamics
Drivers
The government is taking the initiative of improving the ITS to reduce road accidents and maintain the timing of traffic signals.
Increasing the need to manage the flow of traffic in cities and highways.
The Global Intelligent Transportation System Market is expected to benefit from the increasing demand for advanced intelligent transportation solutions in light of expanded rail networks worldwide trying to meet stated public transit demands, this year. ITS operators focus on moving railway transports, through collaborative partnering with technology vendors. For example, transportation with freight railroad company CSX Corporation worked alongside Siemens AG (a digital technology & automation business) and utilized TPS to HQ railway traffic across 20,000 miles of all tracks in North America by October 2023. You have a Live Optimization Solution-OptRail-R for your rail traffic network and you will integrate the Control guide Core Dispatch System (ticketing-CDS)
Restraints
Limit the adoption of technology due to financial crises in some developing economies.
The use of an advanced data monitoring system has raised the threat of cybercrime and data breaches.
By Roadways System Type
In this segmentation, the Advance Traffic Management System (ATMS) segment led the market with more than 35% of the market share in 2023. The rising concern about urban mobility has boosted the market demand for advanced traffic management systems, through Artificial Intelligence (AI), the Internet of Things (IoT), and big data analytics. The automotive sector is expanding forward in the direction of launching new models integrated with GPS, AI-integrated monitoring systems to manage traffic, and 5G & V2X (Vehicle to Everything) which has reduced the accident rate. For Instance, Toyota has made the largest market in car manufacturing with its advanced and efficient traveling experience and customer satisfaction, by delivering more than 1.5 Million vehicles in 2023.
North America holds the dominant position in the Intelligent Transportation System market with more than 34% of the market share in 2023, the largest worldwide market for intelligent transportation systems. The area is home to key international market participants and has access to several technologies for the creation and application of cutting-edge technologies, such as machine learning, big data, and cloud computing, to manage the growing traffic and public transit system.
The focus of various governments on improving the transportation infrastructure is driving the implementation of intelligent transportation systems. In the United States and Canada, several public-private cooperation projects to implement intelligent transportation systems are emerging in New York, Toronto, Vancouver, Los Angeles, and Chicago. These projects create high demand for short-range communication links between vehicles and roadside units that help relieve traffic congestion, driving the market in the region.
The Asia-Pacific region is envisaged to be the fastest-growing market for intelligent transportation systems. Increasing demand for advanced technologies and exponential network expansion are likely to expand the intelligent transportation system market in this region. In nations like China, India, and Japan, the economic gains resulting from the implementation of the intelligent transportation system stand out in particular. By decreasing total fuel usage and assisting in avoiding congested routes, these devices help vehicle owners save money and cut down on travel time. As a result, several automakers in both emerging and industrialized nations are actively incorporating similar systems into their next models.
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The major players are Kapsch TrafficCom, Agero, Inc., Iteris Inc., DENSO CORPORATION, EFKON GmbH, Garmin Ltd., Thales Group, Xerox Corporation, Recardo, Sensys Networks Inc., Telenav Inc., Lanner, Hitachi Ltd., Nuance Communications, Inc., Q-Free ASA, Siemens AG, TomTom International BV, TransCore., and others in final report.
The 360Pass digital transportation app will be expanded, according to a July 2023 announcement from Hitachi Rail, a division of Hitachi, Ltd. In light of these developments, Hitachi Rail and the local transit authority of Genoa, California, inked a new contract for Hitachi Rail to link the 360-pass digital transport app to the city's whole public transportation system, which serves 3,500,000 yearly visitors and 600,000 residents.
The Italian city of Vicenza will see a new High Speed/Capacity (HS/C) line designed and implemented by Hitachi Rail, a branch of Hitachi, Ltd., which announced in August 2023 that it had won a contract worth USD 1.96 billion.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 28.39 billion |
| Market Size by 2032 | US$ 47.43 Billion |
| CAGR | CAGR of 8.05 % From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Roadways system Type • By Offering |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe [Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Kapsch TrafficCom, Agero, Inc., Iteris Inc., DENSO CORPORATION, EFKON GmbH, Garmin Ltd., Thales Group, Xerox Corporation, Recardo, Sensys Networks Inc., Telenav Inc., Lanner, Hitachi Ltd., Nuance Communications, Inc., Q-Free ASA, Siemens AG, TomTom International BV, TransCore. |
| Key Drivers | • The government is taking the initiative of improving the ITS to reduce road accidents and maintain the timing of traffic signals. • Increasing the need to manage the flow of traffic in cities and highways. |
| RESTRAINTS | • Limit the adoption of technology due to financial crises in some developing economies. • The use of an advanced data monitoring system has raised the threat of cybercrime and data breaches. |
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Intelligent Roadways Transportation System Market Segmentation, By Roadways System Type
7.1 Introduction
7.2 Advanced Traveler Information System (ATIS)
7.3 Advanced Traffic Management System (ATMS)
7.4 Advanced Transportation Pricing System (ATPS)
7.5 Advanced Public Transportation System (APTS)
7.6 Emergency Medical System (EMS)
8. Intelligent Roadways Transportation System Market Segmentation, By Application
8.1 Introduction
8.2 Traffic Management
8.3 Road Safety and Security
8.4 Freight Management
8.5 Public Transport
8.6 Environment Protection
8.7 Automotive Telematics
8.8 Parking Management
8.9 Road Tolling Systems
9. Regional Analysis
9.1 Introduction
9.2 North America
9.2.1 Trend Analysis
9.2.2 North America Intelligent Roadways Transportation System Market by Country
9.2.3 North America Intelligent Roadways Transportation System Market By Roadways System Type
9.2.4 North America Intelligent Roadways Transportation System Market By Application
9.2.5 USA
9.2.5.1 USA Intelligent Roadways Transportation System Market By Roadways System Type
9.2.5.2 USA Intelligent Roadways Transportation System Market By Application
9.2.6 Canada
9.2.6.1 Canada Intelligent Roadways Transportation System Market By Roadways System Type
9.2.6.2 Canada Intelligent Roadways Transportation System Market By Application
9.2.7 Mexico
9.2.7.1 Mexico Intelligent Roadways Transportation System Market By Roadways System Type
9.2.7.2 Mexico Intelligent Roadways Transportation System Market By Application
9.3 Europe
9.3.1 Trend Analysis
9.3.2 Eastern Europe
9.3.2.1 Eastern Europe Intelligent Roadways Transportation System Market by Country
9.3.2.2 Eastern Europe Intelligent Roadways Transportation System Market By Roadways System Type
9.3.2.3 Eastern Europe Intelligent Roadways Transportation System Market By Application
9.3.2.4 Poland
9.3.2.4.1 Poland Intelligent Roadways Transportation System Market By Roadways System Type
9.3.2.4.2 Poland Intelligent Roadways Transportation System Market By Application
9.3.2.5 Romania
9.3.2.5.1 Romania Intelligent Roadways Transportation System Market By Roadways System Type
9.3.2.5.2 Romania Intelligent Roadways Transportation System Market By Application
9.3.2.6 Hungary
9.3.2.6.1 Hungary Intelligent Roadways Transportation System Market By Roadways System Type
9.3.2.6.2 Hungary Intelligent Roadways Transportation System Market By Application
9.3.2.7 turkey
9.3.2.7.1 Turkey Intelligent Roadways Transportation System Market By Roadways System Type
9.3.2.7.2 Turkey Intelligent Roadways Transportation System Market By Application
9.3.2.8 Rest of Eastern Europe
9.3.2.8.1 Rest of Eastern Europe Intelligent Roadways Transportation System Market By Roadways System Type
9.3.2.8.2 Rest of Eastern Europe Intelligent Roadways Transportation System Market By Application
9.3.3 Western Europe
9.3.3.1 Western Europe Intelligent Roadways Transportation System Market by Country
9.3.3.2 Western Europe Intelligent Roadways Transportation System Market By Roadways System Type
9.3.3.3 Western Europe Intelligent Roadways Transportation System Market By Application
9.3.3.4 Germany
9.3.3.4.1 Germany Intelligent Roadways Transportation System Market By Roadways System Type
9.3.3.4.2 Germany Intelligent Roadways Transportation System Market By Application
9.3.3.5 France
9.3.3.5.1 France Intelligent Roadways Transportation System Market By Roadways System Type
9.3.3.5.2 France Intelligent Roadways Transportation System Market By Application
9.3.3.6 UK
9.3.3.6.1 UK Intelligent Roadways Transportation System Market By Roadways System Type
9.3.3.6.2 UK Intelligent Roadways Transportation System Market By Application
9.3.3.7 Italy
9.3.3.7.1 Italy Intelligent Roadways Transportation System Market By Roadways System Type
9.3.3.7.2 Italy Intelligent Roadways Transportation System Market By Application
9.3.3.8 Spain
9.3.3.8.1 Spain Intelligent Roadways Transportation System Market By Roadways System Type
9.3.3.8.2 Spain Intelligent Roadways Transportation System Market By Application
9.3.3.9 Netherlands
9.3.3.9.1 Netherlands Intelligent Roadways Transportation System Market By Roadways System Type
9.3.3.9.2 Netherlands Intelligent Roadways Transportation System Market By Application
9.3.3.10 Switzerland
9.3.3.10.1 Switzerland Intelligent Roadways Transportation System Market By Roadways System Type
9.3.3.10.2 Switzerland Intelligent Roadways Transportation System Market By Application
9.3.3.11 Austria
9.3.3.11.1 Austria Intelligent Roadways Transportation System Market By Roadways System Type
9.3.3.11.2 Austria Intelligent Roadways Transportation System Market By Application
9.3.3.12 Rest of Western Europe
9.3.3.12.1 Rest of Western Europe Intelligent Roadways Transportation System Market By Roadways System Type
9.3.2.12.2 Rest of Western Europe Intelligent Roadways Transportation System Market By Application
9.4 Asia-Pacific
9.4.1 Trend Analysis
9.4.2 Asia Pacific Intelligent Roadways Transportation System Market by Country
9.4.3 Asia Pacific Intelligent Roadways Transportation System Market By Roadways System Type
9.4.4 Asia Pacific Intelligent Roadways Transportation System Market By Application
9.4.5 China
9.4.5.1 China Intelligent Roadways Transportation System Market By Roadways System Type
9.4.5.2 China Intelligent Roadways Transportation System Market By Application
9.4.6 India
9.4.6.1 India Intelligent Roadways Transportation System Market By Roadways System Type
9.4.6.2 India Intelligent Roadways Transportation System Market By Application
9.4.7 japan
9.4.7.1 Japan Intelligent Roadways Transportation System Market By Roadways System Type
9.4.7.2 Japan Intelligent Roadways Transportation System Market By Application
9.4.8 South Korea
9.4.8.1 South Korea Intelligent Roadways Transportation System Market By Roadways System Type
9.4.8.2 South Korea Intelligent Roadways Transportation System Market By Application
9.4.9 Vietnam
9.4.9.1 Vietnam Intelligent Roadways Transportation System Market By Roadways System Type
9.4.9.2 Vietnam Intelligent Roadways Transportation System Market By Application
9.4.10 Singapore
9.4.10.1 Singapore Intelligent Roadways Transportation System Market By Roadways System Type
9.4.10.2 Singapore Intelligent Roadways Transportation System Market By Application
9.4.11 Australia
9.4.11.1 Australia Intelligent Roadways Transportation System Market By Roadways System Type
9.4.11.2 Australia Intelligent Roadways Transportation System Market By Application
9.4.12 Rest of Asia-Pacific
9.4.12.1 Rest of Asia-Pacific Intelligent Roadways Transportation System Market By Roadways System Type
9.4.12.2 Rest of Asia-Pacific Intelligent Roadways Transportation System Market By Application
9.5 Middle East & Africa
9.5.1 Trend Analysis
9.5.2 Middle East
9.5.2.1 Middle East Intelligent Roadways Transportation System Market by Country
9.5.2.2 Middle East Intelligent Roadways Transportation System Market By Roadways System Type
9.5.2.3 Middle East Intelligent Roadways Transportation System Market By Application
9.5.2.4 UAE
9.5.2.4.1 UAE Intelligent Roadways Transportation System Market By Roadways System Type
9.5.2.4.2 UAE Intelligent Roadways Transportation System Market By Application
9.5.2.5 Egypt
9.5.2.5.1 Egypt Intelligent Roadways Transportation System Market By Roadways System Type
9.5.2.5.2 Egypt Intelligent Roadways Transportation System Market By Application
9.5.2.6 Saudi Arabia
9.5.2.6.1 Saudi Arabia Intelligent Roadways Transportation System Market By Roadways System Type
9.5.2.6.2 Saudi Arabia Intelligent Roadways Transportation System Market By Application
9.5.2.7 Qatar
9.5.2.7.1 Qatar Intelligent Roadways Transportation System Market By Roadways System Type
9.5.2.7.2 Qatar Intelligent Roadways Transportation System Market By Application
9.5.2.8 Rest of Middle East
9.5.2.8.1 Rest of Middle East Intelligent Roadways Transportation System Market By Roadways System Type
9.5.2.8.2 Rest of Middle East Intelligent Roadways Transportation System Market By Application
9.5.3 Africa
9.5.3.1 Africa Intelligent Roadways Transportation System Market by Country
9.5.3.2 Africa Intelligent Roadways Transportation System Market By Roadways System Type
9.5.3.3 Africa Intelligent Roadways Transportation System Market By Application
9.5.2.4 Nigeria
9.5.2.4.1 Nigeria Intelligent Roadways Transportation System Market By Roadways System Type
9.5.2.4.2 Nigeria Intelligent Roadways Transportation System Market By Application
9.5.2.5 South Africa
9.5.2.5.1 South Africa Intelligent Roadways Transportation System Market By Roadways System Type
9.5.2.5.2 South Africa Intelligent Roadways Transportation System Market By Application
9.5.2.6 Rest of Africa
9.5.2.6.1 Rest of Africa Intelligent Roadways Transportation System Market By Roadways System Type
9.5.2.6.2 Rest of Africa Intelligent Roadways Transportation System Market By Application
9.6 Latin America
9.6.1 Trend Analysis
9.6.2 Latin America Intelligent Roadways Transportation System Market by Country
9.6.3 Latin America Intelligent Roadways Transportation System Market By Roadways System Type
9.6.4 Latin America Intelligent Roadways Transportation System Market By Application
9.6.5 brazil
9.6.5.1 Brazil Intelligent Roadways Transportation System Market By Roadways System Type
9.6.5.2 Brazil Intelligent Roadways Transportation System Market By Application
9.6.6 Argentina
9.6.6.1 Argentina Intelligent Roadways Transportation System Market By Roadways System Type
9.6.6.2 Argentina Intelligent Roadways Transportation System Market By Application
9.6.7 Colombia
9.6.7.1 Colombia Intelligent Roadways Transportation System Market By Roadways System Type
9.6.7.2 Colombia Intelligent Roadways Transportation System Market By Application
9.6.8 Rest of Latin America
9.6.8.1 Rest of Latin America Intelligent Roadways Transportation System Market By Roadways System Type
9.6.8.2 Rest of Latin America Intelligent Roadways Transportation System Market By Application
10. Company Profiles
10.1 Kapsch TrafficCom
10.1.1 Company Overview
10.1.2 Financial
10.1.3 Products/ Services Offered
10.1.4 The SNS View
10.2 Agero, Inc.
10.2.1 Company Overview
10.2.2 Financial
10.2.3 Products/ Services Offered
10.2.4 The SNS View
10.3 Iteris Inc.
10.3.1 Company Overview
10.3.2 Financial
10.3.3 Products/ Services Offered
10.3.4 The SNS View
10.4 DENSO CORPORATION
10.4.1 Company Overview
10.4.2 Financial
10.4.3 Products/ Services Offered
10.4.4 The SNS View
10.5 EFKON GmbH
10.5.1 Company Overview
10.5.2 Financial
10.5.3 Products/ Services Offered
10.5.4 The SNS View
10.6 Garmin Ltd.
10.6.1 Company Overview
10.6.2 Financial
10.6.3 Products/ Services Offered
10.6.4 The SNS View
10.7 Thales Group
10.7.1 Company Overview
10.7.2 Financial
10.7.3 Products/ Services Offered
10.7.4 The SNS View
10.8 Recardo
10.8.1 Company Overview
10.8.2 Financial
10.8.3 Products/ Services Offered
10.8.4 The SNS View
10.9 Xerox Corporation
10.9.1 Company Overview
10.9.2 Financial
10.9.3 Products/ Services Offered
10.9.4 The SNS View
10.10 Sensys Networks Inc.
10.10.1 Company Overview
10.10.2 Financial
10.10.3 Products/ Services Offered
10.10.4 The SNS View
11. Competitive Landscape
11.1 Competitive Benchmarking
11.2 Market Share Analysis
11.3 Recent Developments
11.3.1 Industry News
11.3.2 Company News
11.3.3 Mergers & Acquisitions
12. USE Cases and Best Practices
13. Conclusion
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Key Segments:
By Type
Advanced Traveler Information System (ATIS)
Advanced Traffic Management System (ATMS)
Advanced Transportation Pricing System (ATPS)
Advanced Public Transportation System (APTS)
Emergency Medical System (EMS)
By Application
Traffic Management
Road Safety and Security
Freight Management
Public Transport
Environment Protection
Automotive Telematics
Parking Management
Road Tolling Systems
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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