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Intelligent Transportation System (ITS) Market Share

Report ID: GMI178
Published Date: Sep 2023
Report Format: PDF

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Intelligent Transportation System Market Share

Some of the major companies operating in the intelligent transportation system market are

Alstom SA
Cisco Systems Inc.
Garmin Ltd.
Indra Sistemas S.A.
Kapsch Group
Northrop Grumman Corporation
Raytheon Technologies
Siemens AG
Thales Group

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of intelligent transportation system reached USD 43.7 billion in 2022 and is set to register a CAGR of 8.8% between 2023 and 2032, owing to the government funding and PPP models.

The passenger information management segment held over 27% of the market share in 2022, as these systems play a pivotal role in modernization by providing real-time, accurate information about routes, schedules, delays, and service changes.

North America market with a share of over 25% in 2022, owing to the escalating traffic congestion, particularly in its densely populated urban centers.

Alstom SA, Cisco Systems Inc., Garmin Ltd., Indra Sistemas, S.A., Kapsch Group, Northrop Grumman Corporation, Raytheon Technologies, Siemens AG, and Thales Group.