Intelligent Transportation System Market Emerging Trends By Technology Advancements, Application | Growth Dynamics To 2025

The Asia Pacific region is projected to hold the second largest share of the global intelligent transportation system market over the forecast period. Major economies in the region, such as China, Japan, and India, are investing significantly in creating megacities and modernizing their transportation networks to facilitate enhanced trade exchanges. Also, government initiatives in the region for issuing stringent emission norms to combat rising levels of air pollution are expected to contribute to market growth over the forecast timeline.

Airways ITS Market

  • System
    • Information Display System
    • Tracking and Monitoring System
    • Self-service Baggage System
    • Kiosks
    • Communication and Networking
    • Smart Gate System
  • Application
    • Security
    • Smart Ticketing
    • Bus Tracking
    • Fleet Management (aircraft management)
    • Emergency Notification
    • Passenger Information

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In the airways intelligent transportation system market, communication and networking systems are projected to exhibit excellent growth between 2019 and 2025 at a CAGR of over 7%. With increasing air traffic levels and rising demand from passengers for in-flight communication systems such as Wi-Fi access, airlines are exploring innovative methodologies for improving communication and the network infrastructure. With companies investing heavily in improving network connectivity with airborne aircraft, avoiding congestion is becoming much easier with the use of modern communication and networking systems.

Industry Growth drivers:

  1. Growing adoption of automotive IoT
  2. Need for efficient traffic control
  3. Rapid urbanization and government investment in smart transportation
  4. Increasing investment in railway infrastructure
  5. Health, safety, and environmental benefits
  6. Rapidly increasing vehicle demand and production

Maritime ITS Market

  • System
    • Maritime Navigation and Information system
    • Tracking and Monitoring System
    • Vessel Traffic Management System
  • Application
    • Freight Movement (Container)
    •  Security and Emergency Notification
    • Weather Information
    • Marine arrival and Transit

Maritime intelligent transportation system market, the weather information market is expected to register accelerated growth over the forecast timeline. Good weather forecasting helps ships and their crew with effective navigation and taking informed decisions to reduce risks due to unexpected weather shifts. A bad weather can cause maritime vessels to run aground, capsize, or to collide with other ships and objects. Efficient weather information and forecasting measures ensure that such mishaps are prevented by taking timely precautionary measures.

Railways ITS Market

  • Component
    • Solution
      • Rail Traffic Management
      • Asset Management Software
      • Rail Communication and Networking
      • Real-time Passenger Information System (Freight management)
      • Rail Analytics
    • Service
      • Professional services
      • Installation, maintenance and operation
  • Application
    • Smart Ticketing
    • Passenger Information Management
    • Operation and Collision Avoidance
    • Security
    • Emergency Notification

Rail traffic management solutions dominated the railway intelligent transportation system market in 2018 due to the growing emphasis on optimizing rail movement of international trade routes as well as increasing focus on enhancing railway safety infrastructure. The major features of railway traffic management systems include real-time traffic planning, route scheduling, power supply & infrastructure, operation information for passengers & the staff, and maintenance support. These solutions automatically control and set routes for trains and establish route control in events operational disruption.

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Operation and collision avoidance application is projected to hold a dominant share of over 30% in the railway intelligent transportation system market by 2025. Taking precautionary measures to prevent collisions can aid in mitigating the risk of jumping signals and over-speeding by loco pilots of trains that may lead to accidents. Passenger and freight collisions result in huge economic losses and fatalities every year. Most incidents happen due to human errors. By deploying automated collision avoidance technologies, such incidents can be effectively avoided saving numerous lives.

Roadways ITS Market

  • System
    • Advanced Traffic Management System (ATMS)
    • Advanced Traveler Information System (ATIS)
    • Advanced Transportation Pricing System (ATPS)
    • Advanced Public Transportation system (APTS)
    • Advanced Rural Transportation System (ARTS)
    • Commercial Vehicle Operation
  • Component
    • Hardware
      • Telecommunication Networks
      • Interface Boards
      •  Sensors
      • Monitoring and Detection System
      • Surveillance Camera
    • Software
      • Visualization Software
      • Video Detection Management Software
      • Transit Management System
    • Service
      • Professional services
      • Installation, Maintenance and Operation
  • Application
    • Traffic Management
    • Road Safety
    • Freight Management
    • Parking Management
    • Road-user Charging
    • Telematics
    • Public Transport
    • Environment Protection

In the roadways intelligent transportation system market, Advanced Traffic Management Systems (ATMS) held a majority share of over 34% in 2018 due to the growing demand for reducing traffic congestion in urban areas by enhancing an effective utilization of the prevailing infrastructure. These systems acquire real-time information from roadside traffic sensors and aid in developing effective traffic management strategies. Also, the development of adaptive traffic control solutions is improving the efficiency of these systems leading to the growing adoption of ATMS around the world.

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Some of the key vendors operating in the intelligent transportation system market include Advantech Co., Ltd., Bestmile SA, Clever Devices Ltd., Denso Corporation, EFKON AG, ETA Transit Systems, GMV Group, Hitachi, Ltd., Kapsch Trafficcom, Lanner Electronics, Moxa Inc., Nuance Communications, PTV Group, Q-Free ASA, Rhythm Engineering, Telegroup, Thales Group, TomTom N.V., Transmax Pty Ltd., Trapeze Group, WS Atkins PLC, and Xerox Corporation.