U.S. Intelligent Transportation System Market Growth, Size, Trends, Demand and Future Outlook
United States Intelligent Transportation System Market Size- By Mode of Transport, By Type, By Deployment Mode- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: AMIN24131 | Pages: 1 - 107 | Formats*: |
| Category : Automotive & Transportation | |||
United States Intelligent Transportation System Market Introduction and Overview
According to SPER Market Research, the United States Intelligent Transportation System Market is estimated to reach USD 14.83 billion by 2033 with a CAGR 9.11%.
The report includes an in-depth analysis of the United States Intelligent Transportation System Market, including market size and trends, product mix, distribution channels, and supplier analysis. The term "intelligent transport systems" describes the cutting-edge technology being used in infrastructure, operating systems, and automobiles to give them intelligence. The demand for ITS systems is rising quickly as these technologies are being applied in more areas beyond only transportation and logistics.
- Siemens Intelligent Traffic Systems (ITS), a division of Siemens Mobility, announced the launch of its new brand Yunex Traffic in July 2021. Utilizing its dominant market position, innovative, astute, and all-encompassing mobility solutions will be provided.
- Plenary Infrastructure Group (Australia) awarded Kapsch TrafficCom the contract in June 2021 to implement a new toll collecting system on the Louisiana Highway (LA-1) for the Louisiana Department of Transportation and Development (LADOTD).
Market Opportunities and Challenges
Opportunities: The market for intelligent transportation systems is growing and developing mostly due to government efforts and restrictions. Governments worldwide, particularly in the US, are becoming more concerned about road safety and vehicle theft. Applications for roadways are becoming more and more common. Furthermore, the market for intelligent transport systems is expanding quickest in the roads sector. The proliferation of commercial fleets worldwide, resulting from heightened e-commerce and industrial endeavors, is incentivizing several logistics enterprises to implement appropriate asset monitoring and management system.
Challenges: Financial Crises Will Restrict Technology Adoption in Certain Emerging Economies. Global financial crises that are still running strong could somewhat impede market expansion. The government must make proactive investments in the development and deployment of such sophisticated systems. Many countries have seen a significant uptick in financial crises as a result of the COVID-19 epidemic, which could impede market expansion.
Market Competitive Landscape
The Intelligent Transportation System is fairly fragmented in United States. Some of the market players are Cubic Corporation, Denso Corporation, EFKON, FLIR Systems, Garmin, Kapsch TrafficCom, Q-Free, Siemens, Thales Group, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Mode of Transport, By Type, By Deployment Mode |
| Regions covered | Eastern, Western, Northern, Southern |
| Companies Covered | Cubic Corporation, Denso Corporation, EFKON, FLIR Systems, Garmin, Kapsch TrafficCom, Q-Free, Siemens, Thales Group, Others |
COVID-19 Impact on United States Intelligent Transportation System Market
The impact of Covid-19 is hindering growth through ongoing projects slowing down and mobility restrictions. A number of transit authorities experienced significant financial setbacks in 2020 as a result of the COVID-19-related lockdown and economic crisis. Market instability, supply chain disruption, company declines, and growing fear among particular client segments are all consequences of the COVID-19 pandemic.
Key Target Audience:
- Automotive Manufacturers
- Government Agencies
- Infrastructure Developers
- Technology Providers
- Traffic Management Authorities
- Transportation Authorities
- Urban Planners
Our in-depth analysis of the United States Intelligent Transportation System Market includes the following segments:
| By Mode of Transport: |
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| By Type: |
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| By Deployment Mode: |
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Key Topics Covered in the Report:
- United States Intelligent Transportation System Market Size (FY’2024-FY’2033)
- Overview of United States Intelligent Transportation System Market
- Segmentation of United States Intelligent Transportation System Market By Mode of Transport (Roadways, Railway, Airways.)
- Segmentation of United States Intelligent Transportation System Market By Type {Advanced Traffic Management System (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Others}
- Segmentation of United States Intelligent Transportation System Market By Deployment Mode (On-Premise, Cloud)
- Expansion Analysis of United States Intelligent Transportation System Market
- Problems and Obstacles in United States Intelligent Transportation System Market
- Competitive Landscape in the United States Intelligent Transportation System Market
- Impact of COVID-19 and Demonetization on United States Intelligent Transportation System Market
- Details on Current Investment in United States Intelligent Transportation System Market
- Competitive Analysis of United States Intelligent Transportation System Market
- Prominent Players in the United States Intelligent Transportation System Market
- SWOT Analysis of United States Intelligent Transportation System Market
- United States Intelligent Transportation System Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the United States Intelligent Transportation System Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Intelligent Transportation System Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Intelligent Transportation System Market
7. United States Intelligent Transportation System Market, By Mode of Transport (USD Million) 2020-2033
7.1. United States Intelligent Transportation System Market Size, Share and Forecast, By Mode of Transport, 2020-20267.2. United States Intelligent Transportation System Market Size, Share and Forecast, By Mode of Transport, 2027-20337.3. Roadways7.4. Railway7.5. Airways
8. United States Intelligent Transportation System Market, By Type (USD Million) 2020-2033
8.1. United States Intelligent Transportation System Market Size, Share and Forecast, By Type, 2020-20268.2. United States Intelligent Transportation System Market Size, Share and Forecast, By Type, 2027-20338.3. Advanced Traffic Management System (ATMS)8.4. Advanced Transportation Pricing System (ATPS)8.5. Advanced Traveler Information System (ATIS)8.6. Advanced Public Transportation System (APTS)8.7. Others
9. United States Intelligent Transportation System Market, By Deployment Mode (USD Million) 2020-2033
9.1. United States Intelligent Transportation System Market Size, Share and Forecast, By Deployment Mode, 2020-20269.2. United States Intelligent Transportation System Market Size, Share and Forecast, By Deployment Mode, 2027-20339.3. On-Premise9.4. Cloud
10. United States Intelligent Transportation System Market Forecast, 2020-2033 (USD Million)
10.1. United States Intelligent Transportation System Market Size and Market Share
11. United States Intelligent Transportation System Market, By Region, 2020-2033 (USD Million)
11.1. United States Intelligent Transportation System Market Size and Market Share By Region (2020-2026)11.2. United States Intelligent Transportation System Market Size and Market Share By Region (2027-2033)11.3. Eastern11.4. Western11.5. Northern11.6. Southern
12. Company Profile
12.1. Cubic Corporation12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Denso Corporation12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. EFKON12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. FLIR Systems12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Garmin12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Kapsch TrafficCom12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. Q-Free12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Siemens12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Thales Group12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
United States Intelligent Transportation System Market is projected to reach USD 14.83 billion by 2033, growing at a CAGR of 9.11% during the forecast period.
United States Intelligent Transportation System Market size from 2022. The Market is expected to reach USD14.83 billion by 2033, at a CAGR of 9.11% during the forecast period.
United States Intelligent Transportation System Market CAGR of 9.11% during the forecast period.
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United States Intelligent Transportation System Market size is 14.83 billion from 2024 to 2033.
United States Intelligent Transportation System Market Segment is covered By Mode of Transport, By Type, By Deployment Mode
The North America anticipated to have the highest market share in the United States Intelligent Transportation System Market.
"The key players in the market include Companies Covered Cubic Corporation, Denso Corporation, EFKON, FLIR Systems, Garmin, Kapsch TrafficCom, Q-Free, Siemens, Thales Group, Others
."
The demand for ITS systems is rising quickly as these technologies are being applied in more areas beyond only transportation and logistics.
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