The global intelligent transportation system market size was US$ 15.1 billion in 2021. The global intelligent transportation market is forecast to grow to US$ 49.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 14.9% during the forecast period from 2022 to 2030.

Factors Influencing the Market
The global intelligent transportation system market is primarily driven by the rising demand for traffic control solutions. Further, growing awareness related to smart vehicles with advanced telecommunications technology will also benefit the global intelligent transportation system market.
The rising demand for better safety and surveillance features will contribute to the growth of the intelligent transportation system market during the study period. In addition to that, the rapidly rising number of vehicles on road will also upsurge the demand for the intelligent transportation system in the coming years.
Other factors like aging infrastructure and shortage of traffic data management will accelerate the growth of the intelligent transportation system market. In addition to that, the eminent need to utilize innovative and advanced data analytics technologies aimed at addressing issues related to growing traffic will also benefit the intelligent transportation system market during the study period.

COVID-19 Impact Analysis
The COVID-19 pandemic has negatively affected the global intelligent transportation system market, as several major system manufacturers suspended their operations for a significant time. It is majorly attributed to the supply chain disruptions and the shortage of components. However, the existing ITS solutions were used throughout the pandemic, which has been beneficial for the global market. Moreover, the demand for intelligent transportation systems is growing at the same pace as the governments have lifted restrictions. Further, growing efforts to develop superior infrastructure will also contribute to the growth of the intelligent transportation system market during the forecast period.

Regional Analysis
North America is forecast to hold the largest share in the global intelligent transportation system market as the region is steadily developing into a technology hub. Further, the rising implementation of the latest, advanced technologies, including cloud computing, machine learning, IoT, big data, etc., will contribute to the growth of this market.
This regional intelligent transportation system market is also driven by the strong emphasis of various governments on enhancing transportation infrastructure.
The Asia-Pacific intelligent transportation system market is forecast to register a substantial growth rate due to a wide range of economic benefits in developing countries like India, China, and Japan, combined with the growing efforts by government bodies.

Competitors in the Market
Addco
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
Other Prominent Players

Market Segmentation
The global intelligent transportation system market segmentation focuses on Type, Application, and Region.
Type Outlook
Advanced Traveler Information System (ATIS)
Advanced Traffic Management System (ATMS)
Advanced Transportation Pricing System (ATPS)
Advanced Public Transportation System (APTS)
Emergency Medical System (EMS)
Application Outlook
Traffic Management
Road Safety and Security
Freight Management
Public Transport
Environment Protection
Automotive Telematics
Parking Management
Road Tolling Systems
By Region
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America