Intelligent Transportation System Market Report 2030: Analysis, Trends, & Forecast

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Intelligent Transportation System Market Research Report: Forecast (2025-2030). This report provides a detailed assessment of the Intelligent Transportation System Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

Historical Years: 2020-23
Base Years: 2024
Forecast year - 2025-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, 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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Intelligent Transportation System Market Outlook

According to the report, The Global Intelligent Transportation System 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. The market growth is aided by the surging need for an advanced traffic management solution to reduce the increasing traffic congestion & the incompatibility of old infrastructure and traditional traffic management systems with a heightened number of vehicles on the road. Moreover, the ever-rising figures of vehicles & increasing single-passenger four-wheeler vehicle figures due to hiker car purchases owing to high living standards and surging disposable income are raising the demand for the market.

The growth of the market is projected to be driven primarily by massive investments by the US government in expansions of industries like construction, transportation, corporate, & hospitality, among others. Consequently, the demand for facility management services is on an unprecedented rise to improve the overall operational efficiency & productivity of businesses with increased cost-effectiveness.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

Intelligent Transportation System Market Drivers:

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.

View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/global-intelligent-transportation-system-market.html (Explore in-depth analyses, technological trends, and investment patterns.)

Intelligent Transportation System Market Trends:

Integration of AI & Other Cutting-edge Technologies into ITS - The advancement and modification in cutting-edge technologies like AI and VR and their integration in numerous sectors are also on the rise pushing industrial acceleration. Thus, the high scope of advancement in ITS through the integration of Artificial Intelligence and VR-like technology is extending the market expansion. As it aids the driver and other users by providing a heads-up display, visualization, smart suggestions, and fast solution during congested issues, they are likely to add to the market value. For instance,

In May 2021, Intel collaborated with L&T, a technology-based service, to develop an AI-based smart parking guidance solution installed in outdoor public areas such as stadiums and shopping malls to provide real-time occupancy through surveillance and video analytics.

Intelligent Transportation System Market Segmentation

The study categorizes the Intelligent Transportation System Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Component

Hardware

Sensors
Interface Boards
Surveillance Cameras
Monitoring & Detection System
Telecommunication Network
Others (Electronic Toll Collection (ETC) Systems, Variable Message Signs (VMS), etc.)

Software

Visualization Software
Transit Management System
Video Detection Management Software
Others (Fleet Management Software, Smart Parking Software, etc.)

Services

Professional
Managed

By Type

Advanced Public Transportation System (APTS)
Advanced Traffic Management System (ATMS)
Advanced Traveler Information System (ATIS)
Advanced Transport Pricing System (ATPS)
Advanced Rural Transportation System (ARTS)
Commercial Vehicle Operation (CVO)
Others (Emergency Vehicle Priority (EVP) Systems, Intelligent Parking Management System, etc.)

By Application

Roadways

Intelligent Traffic Control

Traffic Monitoring Systems
Traffic Signal Control Systems
Traffic Enforcement Cameras
Variable Traffic Message Signboards

Collision Avoidance
Parking Management
Passenger Information Management
Ticketing Management
Emergency Vehicle Notification
Automotive Telematics
Fleet Management and Asset Monitoring

Railways

Rail-running Operation and Collision Avoidance
Passenger Information Management
Smart Ticketing
Security & Surveillance
Emergency Notification
Others (Railway Traffic Management, Predictive Maintenance, etc.)

Airways

Security & Surveillance
Traveler Information Management
Smart Ticketing
Aircraft Management
Emergency Notification
Others (Flight Planning and Optimization, Aircraft Diagnostics and Health Monitoring, etc.)

Maritime

Freight Arrival & Transit
Real-time Weather Information Tracking
Container Movement Scheduling
Emergency Notification
Others (Marine Traffic Analytics, Maritime Security, etc.)

By Deployment

Cloud
On-Premise

By End User

Traffic Management
Freight Management
Road Tolling System
Road Safety and Security
Public Transport
Environment Protection
Parking Management
Others (Automotive Telematics, etc.)

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

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

Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/global-intelligent-transportation-system-market.html Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Intelligent Transportation System Market Worldwide: Players, Analysis & Future Outlook

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, and Others are the top players in the market.

Key Highlights of the Report

Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/global-intelligent-transportation-system-market.html

Frequently Asked Questions (FAQ)

1 .What is the projected growth rate of the Intelligent Transportation System Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Intelligent Transportation System Market?
4. Who are the prominent players in the Intelligent Transportation System Market?
5. How is the competition structured in this market?
6. How can I access the full report?

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