Market Overview

Global Intelligent Transport Systems Market to 2023 by Component, Mode of Transport, Application and Region -


The "Global
Intelligent Transport Systems Market - Segmented by Component (Hardware,
Software, and Services), Mode of Transport (Roadways, Railways, Airways,
and Maritime), Application, and Region - Growth, Trends, and Forecast
(2018 - 2023)"
report has been added to's

Intelligent Transport Systems Market was valued at USD 20.47 billion in
2017 and is expected to reach a value of USD 27.8 billion by 2023 at a
CAGR of 5.02% over the forecast period (2018-2023).

The advancements in IoT has affected all the industries including the
automotive and transportation sector. Automotive and transportation is
one of the significant sources of demand to IoT solutions all over the
world. In recent years, applications of IoT in automotive and
transportation sector has given rise to Intelligent Transport Systems
(ITS) enabling advanced security, infotainment and communication
solutions in cars, jets, containerships, drones and even rail cars.

Stringent laws over road safety and transportation all over the world
have led to rapid adoption of intelligent transport systems in many
public sector applications such as traffic management, public transport
management, and monitoring, etc. With the growing trend of smart cities
all over the globe, intelligent transport systems are increasingly
becoming famous in traffic and other public-sector applications and are
expected to gain extreme levels of penetration, especially in the Asia
Pacific region.

Key Findings

  • North America to Present New Opportunities
  • Applications in Roadways are Increasingly Becoming Popular

Key Developments in the Market

  • July 2017 - IBM announced the launch of two new security testing
    practice areas focused on automotive security, and the Internet of
    Things (IoT). The new services will be delivered via an elite team of
    IBM X-Force Red researchers focused on testing backend processes,
    apps, and physical hardware used to control access and management of
    smart systems

Companies Featured

  • Siemens AG
  • Thales Group
  • IBM Corporation
  • Garmin International Inc.
  • Addco LLC
  • TomTom NV
  • Cubic Corporation
  • Flir Systems
  • Lanner Electronics Inc.
  • Deso Corporation

Key Topics Covered

1. Introduction

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Intelligent Transport Systems Market Segmentation

6. Competitive Intelligence

7. Investment Analysis

8. Future of Intelligent Transport Systems Market

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