# Intelligent Transport Systems (ITS) Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2027
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-10-12
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Global Intelligent Transport Systems Market Forecast &
Meta Description: Unlock valuable insights on the global intelligent transport systems market, with detailed forecasts, trends, and key drivers impacting the industry. Request a
URL: https://financedigest.com/intelligent-transport-systems-its-market-2021-by-global-key-players-types-applications-countries-industry-size-and-forecast-to-2027html

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According to a recently published report by Future Market Insights titled **“Intelligent Transport Systems (ITS) Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027),”** the global **[intelligent transportation systems (ITS) market](https://www.futuremarketinsights.com/reports/intelligent-transportation-system-its-market)** is expected to be valued at US$ 21,481.4 Mn in 2017, and is projected to reach US$ 70,798.4 Mn by 2027 end, expanding at CAGR of 12.7% throughout the assessed period. The primary factors which are driving this market are growing inclination towards better transport infrastructure and increase in spending on intelligent transportation system.

Global intelligent transport systems market size is expected to be valued at US$ 21,481.4 Mn in 2017, and is projected to reach US$ 70,798.4 Mn by 2027 end, expanding at CAGR of 12.7% throughout the assessed period.

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**Global Intelligent Transport Systems Market: Drivers**

- Focus on reducing vehicular pollution
- Increase in government collaborations for effective traffic management
- Growing requirement for advanced traffic congestion solutions
- Growing innovations in products to amplify the demand of ITS products
- Keeping a check on high [emission vehicles](https://www.financedigest.com/eu-proposes-tighter-vehicle-pollution-emission-standards.html "EU proposes tighter vehicle pollution emission standards")
- Increasing demand for advanced solutions to reduce road accidents
- Traffic law enforcement
- Rapid urbanization and [government’s increasing spending](https://www.financedigest.com/european-governments-spend-half-a-trillion-euros-on-energy-crisis-report-2.html "European governments spend half a trillion euros on energy crisis – report") on smart city projects
- Government [funding for proper transport plans](https://www.financedigest.com/uk-drops-plan-to-tax-sovereign-wealth-funds.html "UK drops plan to tax sovereign wealth funds")

[![intelligent transport systems market](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/intelligent-transport-systems-market-1736837658949-compressed.jpg)](https://www.futuremarketinsights.com/reports/intelligent-transportation-system-its-market)

**[Global Intelligent](https://www.financedigest.com/artificial-intelligence-goes-global-demand-for-ai-reaches-four-continents-in-three-months-new-figures-from-synechron-show.html "Artificial Intelligence goes global: demand for AI reaches four continents in three months, new figures from Synechron show") Transport Systems Market: Forecast by Region**

This [market research](https://www.financedigest.com/targeted-therapeutics-market-research-key-players-industry-overview-and-forecast-2031.html " Targeted Therapeutics Market Research Key Players, Industry Overview, and Forecast 2031") company has included ASEAN region along with APEJ, Japan, North America, Latin America, Eastern Europe, Western Europe, Japan and MEA. In APEJ, the collision avoidance system segment is a [key application](https://www.financedigest.com/automotive-floor-mats-market-key-players-industry-overview-applications-and-analysis-2029.html "Automotive Floor Mats Market Key Players, Industry Overview, Applications and Analysis 2029") segment, which is expected to showcase a high CAGR during the forecast period. In APEJ, the intelligent urban traffic management system [application segment is expected to reflect high market](https://www.financedigest.com/3d-nand-flash-memory-market-2021-development-status-competition-analysis-type-and-application-2025.html "3D NAND Flash Memory Market 2021 Development Status, Competition Analysis, Type and Application 2025") share.

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**[Global Intelligent Transport Systems Market:](https://www.financedigest.com/refrigeration-compressor-market-one-the-most-booming-industry-in-upcoming-years-due-to-global-demand-in-industry-by-2027.html "Refrigeration Compressor Market| One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2027") Forecast by Component**

On the basis of component, the [global intelligent transport systems market](https://www.financedigest.com/global-precision-components-and-tooling-systems-market-assessment-and-key-insights-analyzed-till-2027.html "Global Precision Components And Tooling Systems Market Assessment and Key Insights Analyzed Till 2027") is segmented into hardware, software and service. After studying the entire market it has been witnessed that in terms of value, the software segment is expected to [increase at a relatively higher CAGR during the forecast period](https://www.financedigest.com/europe-wood-pellet-heating-systems-market-is-estimated-to-increase-at-a-cagr-of-3-during-the-forecast-period-of-2019-2029.html "Europe Wood Pellet Heating Systems Market is estimated to increase at a CAGR of ~3% during the forecast period of 2019-2029"). This segment is expected to register [moderate Y-o-Y growth rate throughout the forecast](https://www.financedigest.com/morgan-stanley-others-now-forecast-4-peak-for-key-ecb-rate.html "Morgan Stanley, others now forecast 4% peak for key ECB rate") period. In terms of value, this segment is expected to expand at a CAGR of 13.0% during the forecast period. The hardware segment on the other hand is expected to exhibit a high [market attractiveness index over the forecast](https://www.financedigest.com/oral-clinical-nutrition-supplements-market-size-forecast-to-reach-us-7-7-bn-by-2032fmi.html "Oral Clinical Nutrition Supplements Market Size Forecast to Reach US$ 7.7 Bn by 2032|FMI") period. In 2017, the hardware segment is estimated to be valued at US$ 10,396.3 Mn, and is expected to witness steady growth in terms of [revenue throughout the forecast](https://www.financedigest.com/shopifys-revenue-forecast-fails-to-impress-shares-fall.html "Shopify’s revenue forecast fails to impress, shares fall") period.

**Global Intelligent Transport [Systems Market:](https://www.financedigest.com/spray-booth-ventilation-system-market-2022-scope-of-current-and-future-industry-2028.html "Spray Booth Ventilation System Market 2022 | Scope of Current and Future Industry 2028") Forecast by Application**

On the basis of application, global market for intelligent transport systems market is segmented into intelligent urban traffic [management](https://www.financedigest.com/why-a-rules-management-system-can-untie-financial-services-hands.html "Why a rules management system can untie financial services’ hands") systems, highway traffic management, intelligent car parking management systems (smart parking), fleet management and asset monitoring, collision avoidance systems, advanced traveler information systems, and congestion/road charging solutions. The collision avoidance system segment is [expected to showcase a high CAGR during the forecast period](https://www.financedigest.com/wood-preservative-coatings-market-expected-at-a-cagr-of-6-2-us-125-bn-during-the-forecast-period-2017-2027.html "Wood Preservative Coatings Market   expected at a CAGR of ~ 6.2% & US$ 125 Bn during the forecast period 2017–2027"). In terms of attractiveness index, highway traffic management segment is expected to witness a high [market attractiveness index over the forecast](https://www.financedigest.com/genitourinary-prosthetics-market-industry-insight-and-growth-strategy-by-business-players-and-forecast-to-2027.html "Genitourinary Prosthetics Market Industry Insight and Growth Strategy by Business Players and Forecast To 2027") period. In terms of value, intelligent urban traffic management system segment was valued US$ 5,037.5 Mn in the year 2017, expanding at a robust CAGR of 9.4%.

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**[Global Intelligent Transport Systems Market:](https://www.financedigest.com/refrigeration-compressor-market-one-the-most-booming-industry-in-upcoming-years-due-to-global-demand-in-industry-by-2027-2.html "Refrigeration Compressor Market| One the Most Booming Industry in Upcoming Years Due to Global Demand in Industry by 2027") Competitive Landscape**

Thales Group Ad, Siemens AG, Garmin Ltd., Kapsch Trafficcom, Tomtom International BV, Q-Free ASA, Denso Corporation, Atkins Group, Iteris, Inc., Ricardo PLC, Efkon AG., Savari Inc., Transcore, Lp, and Lanner Electronics Inc are some of the key [leaders operating in the global intelligent transport](https://www.financedigest.com/leaders-recognise-the-importance-of-green-transport-at-cop27-but-we-need-data.html "Leaders recognise the importance of green transport at COP27, but we need data") systems market.

**Table Of Content:**

1\. Executive Summary

2\. Market Introduction

3\. Market View Point

4\. Global [Market Analysis 2012–2016 and Forecast](https://www.financedigest.com/22-dimethylbutyryl-chloride-market-by-technology-application-geography-analysis-forecast-to-2029.html "2,2-Dimethylbutyryl chloride Market By Technology, Application & Geography – Analysis & Forecast To 2029") 2017–2027

5\. North America Intelligent Transportation System (ITS) [Market Analysis 2012–2016 and Forecast](https://www.financedigest.com/malic-acid-market-2022-key-players-swot-analysis-key-indicators-and-forecast-to-2025.html "Malic Acid Market 2022 Key Players, SWOT Analysis, Key Indicators and Forecast to 2025") 2017–2027

6\. Western Europe Intelligent Transportation System (ITS) [Market Analysis 2012–2016 and Forecast](https://www.financedigest.com/phosphatidylserine-market-industry-research-segmentation-key-players-analysis-and-forecast-to-2032.html "Phosphatidylserine Market Industry Research, Segmentation, Key Players Analysis and Forecast to 2032") 2017–2027

7\. Eastern Europe Intelligent Transportation System (ITS) [Market Analysis 2012–2016 and Forecast](https://www.financedigest.com/therapeutic-robots-market-2022-industry-research-segmentation-key-players-analysis-and-forecast-to-2029.html "Therapeutic Robots Market 2022 Industry Research, Segmentation, Key Players Analysis and Forecast to 2029") 2017–2027

8\. Latin America Intelligent Transportation System (ITS) Market Analysis 2012–2016 and Forecast 2017–2027

9\. Asia Pacific Excluding Japan (APEJ) Intelligent Transportation System (ITS) Market Analysis 2012–2016 and Forecast 2017–2027

10\. ASEAN Intelligent Transportation System (ITS) Market Analysis 2012–2016 and Forecast 2017–2027

The post [Intelligent Transport Systems (ITS) Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2027](https://industrynewsanalysis.com/intelligent-transport-systems-its-market-2021-by-global-key-players-types-applications-countries-industry-size-and-forecast-to-2027/) appeared first on [Industry News Analsis](https://industrynewsanalysis.com).


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