Global Intelligent Transportation System Market Size, Trends & Growth Opportunity and By Type (Advanced Traffic Management System, Advanced Traveler Information System, Advanced Public Transportation System, and Others), By Offering (Hardware, Software, and Services), By Protocol (Short Range, Long Range, IEEE, Traffic Management Data Dictionary, and Others), By Application (Traffic Management, Freight Management, Public Transport, Road Safety and Security, Automotive, Telematics, and Others), By Region and Forecast till 2027.
Global Intelligent Transportation System Market 
Global Intelligent Transportation System Market is expected to grow from US$ 22.89 Billion in 2021 to US$ 40.80 Billion by 2027; it is estimated to grow at a CAGR of 10.11% from 2021 to 2027.
Intelligent transportation system is type of integrated application of communication and information technologies which provide highly efficient transportation related services. This system has various advantages such as operational efficiency, maintaining sustainability of transportation network, enhancing road safety, and reducing traffic congestion.
Market Drivers
Increase in adoption of smart transport systems to reduce traffic congestion problems and favorable government initiatives are the key driving factors which are expected to boost global intelligent transportation system market growth. Furthermore, increase in number of vehicles on road, aging infrastructure, and lack of traffic data management will have the positive impact on market growth. Moreover, growing adoption of IoT to transform the transportation industry through automating airways, roadway, and railway transportation system and offer better user experience which is expected to propel the market growth during this forecast period.
Market Restraints
However, slow infrastructure growth is the major restraining factor which is expected to hamper the global intelligent transportation system market growth. Also, high cost on installation and lack of standards will affect the market growth.
Market Segmentation
Segmentation By Type: Global Intelligent Transportation System Market is segmented into type such as Advanced Traffic Management System, Advanced Traveler Information System, Advanced Public Transportation System, and Others, 
Segmentation By Offering: On the basis of offering Global Intelligent Transportation System Market is divided into Hardware, Software, and Services.
Segmentation By Protocol: Global Intelligent Transportation System Market is segmented on the basis of protocol into Short Range, Long Range, IEEE, Traffic Management Data Dictionary, and Others. 
Segmentation By Application: Global Intelligent Transportation System Market is segmented into application such as Traffic Management, Freight Management, Public Transport, Road Safety and Security, Automotive, Telematics, and Others.
Segmentation By Region: Global Intelligent Transportation System Market is segmented on the basis of Region into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Agero, Inc.; DENSO CORPORATION; EFKON GmbH; Hitachi, Ltd.; Garmin Ltd.; Thales Group; Xerox Corporation; Recardo; Sensys Networks, Inc.; Telenav, Inc.; Iteris, Inc.; Kapsch TrafficCom; Lanner; Nuance Communications, Inc.; Q-Free ASA; Siemens AG; TomTom International BV; TransCore.
Industrial Development 
• The HERE Technologies' corridor travel time Application Program Interface (API) was integrated by Siemens Mobility, a Siemens AG subsidiary, in April 2021 to offer a time-as-a-service (JTaaS) solution to help the British public authorities relieve traffic congestion. With the integration, Siemens Mobility will be able to provide the option for the public and traffic authorities in the UK to track travel times without the use of extra hardware like Wi-Fi sensors and ANPR cameras with Bluetooth.
• In order to provide navigation and location-based services for SIAC's internal combustion engine (ICE) vehicles and battery-powered electric vehicles, Telenav, Inc. teamed with an automobile company SAIC in March 2021. (BEV). The solution meets the needs of both BEV and ICE in countries with left- and right-hand driving, and it also offers a seamless onboard navigation experience that is optimised to give end users the most recent maps and online content with the least amount of mobile data usage, generating significant opportunities for the ITS market.
Market Taxonomy
By Type
• Advanced Traffic Management System
• Advanced Traveler Information System
• Advanced Public Transportation System
• Others
By Offering
• Hardware
• Software
• Services
By Protocol
• Short Range
• Long Range
• IEEE
• Traffic Management Data Dictionary
• Others
By Application
• Traffic Management
• Freight Management
• Public Transport
• Road Safety and Security
• Automotive
• Telematics
• Others
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Intelligent Transportation System Market?
• What will be the growth rate from 2021 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?

Global Intelligent Transportation System Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Intelligent Transportation System Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Intelligent Transportation System Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global Intelligent Transportation System Market Share Analysis, By Type 
5.3 Global Intelligent Transportation System Market Size and Forecast, By Type
5.3.1 Advanced Traffic Management System
5.3.2 Advanced Traveller Information System
5.3.3Advanced Public Transportation System
5.3.4Others
6 Global Intelligent Transportation System Market, By Offering
6.1 Y-o-Y Growth Comparison, By Offering
6.2 Global Intelligent Transportation System Market Share Analysis, By Offering
6.3 Global Intelligent Transportation System Market Size and Forecast, By Offering
6.3.1Hardware
6.3.2 Software
6.3.3 Services
7 Global Intelligent Transportation System Market, By Protocol
7.1 Y-o-Y Growth Comparison, By Protocol
7.2 Global Intelligent Transportation System Market Share Analysis, By Protocol
7.3 Global Intelligent Transportation System Market Size and Forecast, By Protocol
7.3.1 Short Range 
7.3.2 Long Range
7.3.3 IEEE
7.3.4 Traffic Management Data Dictionary
7.3.5 Others
8 Global Intelligent Transportation System Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Intelligent Transportation System Market Share Analysis, By Application
8.3 Global Intelligent Transportation System Market Size and Forecast, By Application
8.3.1 Traffic Management
8.3.2 Freight Management
8.3.3 Public Transport
8.3.4 Road Safety & Security
8.3.5Automotive
8.3.6Telematics
8.3.7Others
9 Global Intelligent Transportation System Market, By Region
9.1 Global Intelligent Transportation System Market Share Analysis, By Region
9.2 Global Intelligent Transportation System Market Share Analysis, By Region
9.3 Global Intelligent Transportation System Market Size and Forecast, By Region
10 North America Intelligent Transportation System Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 North America Intelligent Transportation System Market Share Analysis, By Type
10.3 North America Intelligent Transportation System Market Size and Forecast, By Offering
10.4 North America Intelligent Transportation System Market Size and Forecast, By Protocol
10.5 North America Intelligent Transportation System Market Size and Forecast, By Application
10.6 North America Intelligent Transportation System Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Intelligent Transportation System Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Europe Intelligent Transportation System Market Share Analysis, By Type 
11.3 Europe Intelligent Transportation System Market Size and Forecast, By Offering 
11.4 Europe Intelligent Transportation System Market Size and Forecast, By Protocol
11.5 Europe Intelligent Transportation System Market Size and Forecast, By Application
11.6 Europe Intelligent Transportation System Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.64. Rest of Europe
12 Asia Pacific Intelligent Transportation System Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Asia Pacific Intelligent Transportation System Market Share Analysis, By Type 
12.3 Asia Pacific Intelligent Transportation System Market Size and Forecast, By Offering  
12.4 Asia Pacific Intelligent Transportation System Market Size and Forecast, By Protocol
12.5 Asia Pacific Intelligent Transportation System Market Size and Forecast, By Application
12.6 Asia Pacific Intelligent Transportation System Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Intelligent Transportation System Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Latin America Intelligent Transportation System Market Share Analysis, By Type 
13.3 Latin America Intelligent Transportation System Market Size and Forecast, By Offering 
13.4 Latin America Intelligent Transportation System Market Size and Forecast, By Protocol
13.5 Latin America Intelligent Transportation System Market Size and Forecast, By Application
13.6 Latin America Intelligent Transportation System Market Size and Forecast, By Country
14 Middle East Intelligent Transportation System Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Middle East Intelligent Transportation System Market Share Analysis, By Type 
14.3 Middle East Intelligent Transportation System Market Size and Forecast, By Offering 
14.4 Middle East Intelligent Transportation System Market Size and Forecast, By Protocol
14.5 Middle East Intelligent Transportation System Market Size and Forecast, By Application
14.6 Middle East Intelligent Transportation System Market Size and Forecast, By Country
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Agero, Inc. 
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 DENSO CORPORATION
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 EFKON GmbH
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Hitachi Ltd
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Garmin Ltd.
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Thales Group
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Xerox Corporation
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies 
16.8 Recardo
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
16.8.4 Business Segment & Geographic Overview
16.8.5 Key Market Developments
16.8.6 Key Strategies 
16.9 Sensys Networks, Inc 
16.9.1 Overview
16.9.2 Offerings
16.9.3 Key Financials
16.9.4 Business Segment & Geographic Overview
16.9.5 Key Market Developments
16.9.6 Key Strategies 
16.10 TransCore
16.10.1 Overview
16.10.2 Offerings
16.10.3 Key Financials
16.10.4 Business Segment & Geographic Overview
16.10.5 Key Market Developments
16.9.6 Key Strategies