Report Highlights
The global market for intelligent transportation system (ITS) devices was valued at $41.9 billion in 2013 and $52.3 billion in 2014. This market should reach $111.8 billion by 2019, with a compound annual growth rate (CAGR) of 16.4% from 2014 to 2019.
Report Includes
- An overview of the global market for intelligent transportation systems (ITS) and related technologies and applications.
- Analyses of global market trends, with data from 2012 through 2014, and projections of CAGRs through 2019.
- Analysis of intelligent transportation system devices by functional category, application, vehicle type, geography, and other factors.
- Examination of crucial innovative breakthroughs as well as a detailed patent analysis.
- Comprehensive profiles of major players in the ITS industry.
Report Scope
The report presents the forecasts for ITS device markets for the years 2014 through 2019 on a volume and value basis. The report also presents the size of the chipset market for various wireless waveforms employed in ITS devices.
The report restricts itself to the devices used on the vehicle side and does not cover the market for ITS infrastructure.
This report does not include:
- Railroads.
- Two–wheeled vehicles, such as motorcycles and mopeds.
The geographic scope of this report is the global market.
The Summary chapter presents a regional breakdown of the value size of ITS device markets.
The Overview chapter analyzes the overall drivers for the ITS market. As wireless waveforms play a major role in furthering ITS, this section analyzes the following waveform categories:
- Cellular waveforms.
- Bluetooth.
- RFID, ZigBee, NFC, DSRC and other waveforms.
- GPS.
- Wi–Fi.
The chapter titled Principal Categories in ITS identifies and analyzes the drivers, challenges, and market sizes for the following principal ITS categories:
- Safety and risk management.
- Vehicle telematics.
- Fleet-management and asset-monitoring.
- Navigation and location–based services.
The chapter entitled Individual ITS Applications covers the prominent individual applications that constitute ITS categories. The following applications are covered with respect to their market sizes (wherever applicable), implementation methodology, and case studies:
- Hands–free and voice–activated phones.
- Anti–skidding control systems and electronic stability control.
- Collision avoidance systems.
- Distracted and drowsy driving detector systems.
- Pedestrian–protector systems.
- Automated cruise control systems.
- Advanced parking tools.
- Contactless toll payments.
- In–vehicle wireless access systems.
- Vehicle health monitors.
- M2M systems.
- Stolen vehicle tracking.
- Vehicle tracking and identification systems.
- Intelligent traffic signals.
- Weighing stations.
- In–vehicle navigation systems.
- In–vehicle emergency call systems.
- GIS.
- Emergency warning systems.
- Accident location identification systems.
- Road weather information systems (RWIS).
It should be noted that not every application has been assessed for market size. The market size forecasts have been derived only for those applications that have in–vehicle components. The forecasts for these applications focus solely on the in–vehicle components. Specifically, only the following applications are considered for market size analysis:
- Safety and risk management: Hands–free and voice–activated phones, anti–skidding control systems and electronic stability control, collision avoidance systems, distracted and drowsy driving detector systems, pedestrian protector systems.
- Vehicle telematics: Automated cruise control systems, advanced parking tools, contactless toll payments, in–vehicle wireless access systems.
- Fleet-management and asset-monitoring: Vehicle health monitors, M2M systems, stolen vehicle tracking.
- Navigation and location–based services: In–vehicle navigation systems, in–vehicle emergency call systems.
The Market Dynamics chapter covers the regional analysis and stakeholder scenario. The following regions are considered:
- North America (NA).
- Europe, Middle East, Africa (EMEA).
- Asia–Pacific (APAC).
- Caribbean and Latin America (CALA).
The section on patents analyzes innovative activities that impact ITS. Patents are classified based on the ITS applications and the categories they support. They are also broken down based on timing, assignee countries, and assignee organizations.
Analyst Credentials
Shalini R. has extensive experience analyzing and evaluating advanced information technology, including telecom and optical networks. She holds a Bachelor of Engineering degree in electronics and telecommunications from Kumaraguru College of Technology in Coimbatore, India, as well as a Master of Science degree in telecommunications and software engineering from the Illinois Institute of Technology in Chicago.
Report Highlights
-
BCC Research forecasts strong growth for the intelligent transportation systems (ITS) device market. The worldwide market is valued at $24 billion in 2010 and is expected to increase at a 22.2% compound annual growth rate (CAGR) during the forecast period to reach a value of $65 billion in 2015.
-
The Asia-Pacific (APAC) region, endowed with a favorable manufacturing climate and above-average innovation skills, will consolidate its position as the powerhouse of the ITS market. This region is valued at nearly $9.5 billion in 2010 and is expected to increase at a 24% compound annual growth rate (CAGR) to reach nearly $28 billion in 2015.
-
The fastest-growing market will be the Caribbean and Latin America (CALA) region for the sheer gap that exists between the latent demand and supply. This region is valued at nearly $2.3 billion in 2010 and is expected to reach $7.3 billion in 2015, a compound annual growth rate (CAGR) of 26.4%.
Related Reports
Global Markets for Mobile Positioning Technology: Commercial, Military, Homeland Defense
The global market for mobile location technologies reached $22.5 billion in 2010 and is expected to reach $25.1 billion in 2011. It will further grow to $36.3 billion in 2016 for a compound annual growth rate (CAGR) of 7.6% between 2011 and 2016.
Recent Reports
Pharmacy Automation: Technologies and Global Markets
The global market for pharmacy automation is estimated to increase from $7.8 billion in 2023 to reach $12.7 billion by 2028, at a compound annual growth rate (CAGR) of 10.2% from 2023 through 2028.
Temperature Sensors: Global Markets
The global market for temperature sensors is expected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028.
Analytical Laboratory Instruments Manufacturing: Global Markets
The global market for analytical laboratory instruments is estimated to increase from $60.9 billion in 2023 to reach $82.5 billion by 2028, at a compound annual growth rate (CAGR) of 6.3% from 2023 through 2028.
Autonomous Trucks: Global Markets
The global market for autonomous trucks is expected to grow from $3.3 billion in 2023 to over $6.9 billion by the end of 2028, at a compound annual growth rate (CAGR) of 16.2% during the forecast period of 2023-2028.
Biosensors and Nanosensors: Global Markets and Technologies
The global market for biosensors and nanosensors is expected to grow from $30.6 billion in 2023 to $43.5 billion by 2028, at a compound annual growth rate (CAGR) of 7.3% from 2023 to 2028.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
ESG Trends in Chemical Industry
This report focuses on the ESG trends in the chemical industry and evaluates the ESG implementation including current and future potential. The report utilizes various databases, including sustainability reports, annual reports, and other indicators used to develop the current market. The study provides detailed information on the main factors influencing ESG growth in the chemical industry. It enables the reader to understand the industry in general while also providing insight into the inter-relationship between ESG and the sustainable chemical industry. The report describes market growth, developing trends, industry leaders, and applications of ESG implementation in the chemical industry.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Smartphone-Based Patient Monitoring: Global Market
The global smartphone-based patient monitoring market should reach $21.5 billion by 2027 from $6.8 billion in 2022 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2022 to 2027.
Seawater and Brackish Water Desalination
The global market for seawater and brackish water desalination is estimated to increase from $14.7 billion in 2022 to $21.7 billion by 2027, at a compound annual growth rate (CAGR) of 8.1% from 2022 through 2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More