Intelligent Transportation System Market Share, Size, Analysis, Report and Forecast 2023-28

The recently published report on the Global Intelligent Transportation System Market Analysis, Share, Size, Growth, Trends and Report 2023 by MarkNtel Advisors provides valuable insights into the changing dynamics of the market. The report comprehensively examines the factors driving growth, as well as the challenges, restraints, opportunities, trends, and developments influencing the industry.

The primary objective of this report is to enlighten stakeholders about the market’s fluctuations, equipping them with the necessary information to make informed decisions regarding strategic investments and future participation. The study incorporates data from historical years (2018-2021), using 2022 as the base year, and offers a detailed industry outlook during the forecast period (2023-2028).

“In case you missed it, we are currently revising our reports. Click on the below to get the most latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

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According to the report, the Intelligent Transportation System Market is expected to experience a notable growth rate of approximately 8.5% CAGR between 2023 and 2028. To present a comprehensive overview of the industry, the analysts at MarkNtel Advisors provide unbiased, accurate, and reliable insights. Their research findings are presented using graphs, tables, and explanations to facilitate a better understanding of the market.

The investigation covers various aspects, including market attractiveness, key players and their strategies, the most and least lucrative segments, as well as growth environment and demand analysis across different regions. To gain a deeper understanding of the factors influencing the industry’s growth trajectory, the researchers employ tools such as Porter’s Five Forces Model.

Intelligent Transportation System Market Segmentation Analysis

The report highlights the highly fragmented nature of the Intelligent Transportation System Market, examining the factors influencing the growth or decline of each segment. It provides detailed and accurate data on the actual size and volume of the market across different geographical locations.

-By Component

  • Hardware
  • Software
  • Services

-By Type

  • Advanced Public Transportation System (APTS)
  • Advanced Traffic Management System (ATMS)
  • Advanced Traveler Information System (ATIS)
  • Advanced Transport Pricing System (ATPS)
  • Its-Enabled Transportation Pricing System (ITPS)
  • Others

-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 Mode of Transport

  • Roadways
  • Airways
  • Railways
  • Maritime

-By Deployment

  • Cloud
  • On-Premise

Gographical Coverage

The Intelligent Transportation System Market spans various regions and countries, including:

-By Region

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Impact of Covid-19 on Intelligent Transportation System Market

The Covid-19 pandemic in 2020 had a profound impact on the Intelligent Transportation System Market. This section of the report delves into the changing landscape of the industry amidst regulatory shifts during the crisis. It provides insights into key parameters such as changes in purchase patterns and demand rates among end-users across different geographies, influencing market growth. Additionally, the section highlights the challenges faced by leading players in meeting customer demand with limited resources, as well as their strategies to sustain business operations during the pandemic. The data presented in this section is based on rigorous interactions with industry experts to capture the ground reality and monitor the rapidly changing dynamics.

Competitive Landscape

The research study offers an unbiased and straightforward investigation of the leading players operating in the Intelligent Transportation System Market. It includes comprehensive company profiling, covering aspects such as business strategy, overview, and financial performance. Furthermore, the analysts highlight the key product/service offerings, performance indicators, recent developments, and geographic presence of the following leading companies in the industry:

  • Denso Corporation
  • Iteris
  • Lanner Electronics
  • Agero
  • Cisco
  • Flir System
  • Siemens
  • TransCore
  • Citilog


MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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