1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 DEFINITION AND SCOPE 28
1.2.1 INCLUSIONS AND EXCLUSIONS 29
1.3 STUDY SCOPE 30
1.3.1 MARKETS COVERED 30
FIGURE 1 MARKET SEGMENTATION 30
1.3.2 YEARS CONSIDERED 31
1.4 CURRENCY 31
1.5 PACKAGE SIZE 31
1.6 MARKET STAKEHOLDERS 31

2 RESEARCH METHODOLOGY 32
2.1 RESEARCH DATA 32
FIGURE 2 RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Secondary sources 34
2.1.2 PRIMARY DATA 34
2.1.2.1 Key data from primary sources 35
2.1.2.2 Breakdown of primaries 35
2.1.3 SECONDARY AND PRIMARY RESEARCH 36
2.1.3.1 Key industry insights 37
2.2 MARKET SIZE ESTIMATION 37
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 1 (SUPPLY SIDE): REVENUE OF MARKET PLAYERS 37
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY—APPROACH 2 (DEMAND SIZE): BOTTOM-UP MARKET ESTIMATION FOR ITS MARKET FOR ROADWAYS 38
2.2.1 BOTTOM-UP APPROACH 38
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 38
2.2.1.1 Approach for estimating the market size by bottom-up analysis (demand side) 39
2.2.2 TOP-DOWN APPROACH 39
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 39
2.2.2.1 Approach for estimating the market size by top-down approach (supply side) 39
2.3 DATA TRIANGULATION 40
FIGURE 7 DATA TRIANGULATION 40
2.4 RESEARCH ASSUMPTIONS 41
FIGURE 8 ASSUMPTIONS OF RESEARCH STUDY 41

3 EXECUTIVE SUMMARY 42
FIGURE 9 ITS MARKET: OPTIMISTIC, REALISTIC, AND PESSIMISTIC SCENARIO ANALYSIS, 2017–2025 43
3.1 ITS MARKET: REALISTIC SCENARIO (POST-COVID-19) 43
3.2 ITS MARKET: OPTIMISTIC SCENARIO (POST-COVID-19) 43
3.3 ITS MARKET: PESSIMISTIC SCENARIO (POST-COVID-19) 44
FIGURE 10 COMMERCIAL VEHICLE OPERATION IN ITS MARKET FOR ROADWAYS IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 44
FIGURE 11 INTELLIGENT TRAFFIC CONTROL APPLICATION TO HOLD LARGEST SIZE OF ITS MARKET FOR ROADWAYS IN 2020 45
FIGURE 12 SMART TICKETING IS EXPECTED TO RECORD HIGHEST CAGR IN ITS MARKET FOR RAILWAYS DURING FORECAST PERIOD 45
FIGURE 13 AIRCRAFT MANAGEMENT IS EXPECTED TO HOLD LARGEST SHARE OF ITS MARKET FOR AVIATION IN 2020 46
FIGURE 14 FREIGHT ARRIVAL & TRANSIT IS EXPECTED TO HOLD HIGHEST SHARE OF ITS MARKET FOR MARITIME IN 2020 46
FIGURE 15 NORTH AMERICA HELD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2019 47

4 PREMIUM INSIGHTS 48
4.1 MAJOR OPPORTUNITIES IN ITS MARKET 48
FIGURE 16 APAC IS EXPECTED TO REGISTER HIGHEST CAGR IN ITS MARKET DURING FORECAST PERIOD 48
4.2 ITS MARKET FOR ROADWAYS, BY OFFERING 48
FIGURE 17 ITS MARKET IN ROADWAYS FOR SOFTWARE TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 48
4.3 ITS MARKET FOR ROADWAYS IN APAC, BY SYSTEM AND COUNTRY 49
FIGURE 18 ADVANCED TRAFFIC MANAGEMENT SYSTEM HELD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN APAC IN 2019 49
4.4 ITS MARKET FOR ROADWAYS, BY COUNTRY 49
FIGURE 19 US DOMINATED ITS MARKET FOR ROADWAYS IN 2019 49
4.5 ITS MARKET FOR ROADWAYS, BY APPLICATION 50
FIGURE 20 MARKET FOR FLEET MANAGEMENT AND ASSET MONITORING IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 50

5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS FOR ITS IN ROADWAYS 51
FIGURE 21 INCREASING CONCERN TOWARD PUBLIC SAFETY TO DRIVE MARKET FOR ROADWAYS 51
5.2.1 DRIVERS 52
5.2.1.1 Increasing concerns toward public safety 52
FIGURE 22 ROAD TRAFFIC DEATH RATES PER 100,000 POPULATION BY WHO, 2016 52
5.2.1.2 Growing traffic congestion 53
5.2.1.3 Rising favorable government initiatives for effective traffic management 53
5.2.1.4 Increasing adoption of ecofriendly automobile technology 54
5.2.1.5 Development of smart cities globally 54
FIGURE 23 IMPACT ANALYSIS: DRIVERS 54
5.2.2 RESTRAINTS 55
5.2.2.1 Expensive ITS installation 55
5.2.2.2 Slow-growing infrastructure sector 55
FIGURE 24 IMPACT ANALYSIS: RESTRAINTS 55
5.2.3 OPPORTUNITIES 56
5.2.3.1 Designing and developing smart vehicles compatible with ITS 56
5.2.3.2 Increasing public–private partnerships (PPPs) 56
5.2.3.3 Growing number of economically and technologically advanced countries 56
FIGURE 25 IMPACT ANALYSIS: OPPORTUNITIES 57
5.2.4 CHALLENGES 57
5.2.4.1 Achieving interoperable and standard ITS architecture worldwide 57
FIGURE 26 IMPACT ANALYSIS: CHALLENGE 58
5.3 MARKET DYNAMICS FOR ITS IN RAILWAYS 58
FIGURE 27 INCREASING CONCERNS FOR SECURITY AND SURVEILLANCE MAY LEAD TO MARKET GROWTH FOR RAILWAYS 58
5.3.1 DRIVERS 58
5.3.1.1 Increasing concerns for security and surveillance 58
5.3.2 RESTRAINTS 59
5.3.2.1 Relatively slow-growing railway infrastructure 59
5.3.3 OPPORTUNITIES 59
5.3.3.1 Availability of diverse services and solutions 59
5.4 MARKET DYNAMICS FOR ITS IN AVIATION 60
FIGURE 28 GROWING FOCUS ON EFFICIENT AIRLINE OPERATIONS LIKELY TO ENHANCE MARKET GROWTH FOR AVIATION 60
5.4.1 DRIVERS 60
5.4.1.1 Growing focus on efficient airline operations 60
5.4.1.2 Increasing concerns for conservation of environment 60
5.4.2 RESTRAINTS 61
5.4.2.1 Lack of funding and synchronization among agencies 61
5.4.3 OPPORTUNITIES 61
5.4.3.1 Industry goals and initiatives taken to reduce CO2 emission 61
5.5 MARKET DYNAMICS FOR ITS IN MARITIME 62
FIGURE 29 IMPROVING MARITIME LOGISTICS INFRASTRUCTURE CREATES DEMAND FOR ITS IN MARITIME 62
5.5.1 DRIVERS 62
5.5.1.1 Improving maritime logistics infrastructure 62
5.5.2 RESTRAINTS 63
5.5.2.1 Insufficient coordination among authorities and differing legislation 63
5.5.3 OPPORTUNITIES 63
5.5.3.1 Enhancement of information and communication technologies 63
5.6 VALUE CHAIN ANALYSIS 63
FIGURE 30 VALUE CHAIN ANALYSIS: ITS MARKET 64
5.7 IMPACT OF COVID-19 65
5.7.1 IMPACT ON ONGOING PROJECTS (OVERVIEW) 65
5.7.2 IMPACT DUE TO DEPENDENCY ON 5G INFRASTRUCTURE 65
5.7.3 IMPACT ON CONTACTLESS AND DIGITAL PAYMENT SYSTEM 65

6 ITS MARKET, BY PROTOCOL 66
6.1 INTRODUCTION 66
6.2 SHORT RANGE 66
6.2.1 WAVE (IEEE 802.11) 66
6.2.2 WPAN (IEEE 802.15) 67
6.3 LONG RANGE 67
6.3.1 WIMAX (IEEE 802.11) 67
6.3.2 OFDM 67
6.3.3 IEEE 1512 67
6.4 TRAFFIC MANAGEMENT DATA DICTIONARY (TMDD) 68
6.5 OTHERS 68

7 ITS MARKET FOR ROADWAYS, BY OFFERING 69
7.1 INTRODUCTION 70
FIGURE 31 ITS MARKET FOR ROADWAYS: BY OFFERING 70
FIGURE 32 ITS MARKET FOR SOFTWARE IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 70
TABLE 1 ITS MARKET FOR ROADWAYS, BY OFFERING, 2017–2025 (USD BILLION) 71
7.2 HARDWARE 71
FIGURE 33 ITS MARKET: HARDWARE COMPONENTS 71
FIGURE 34 ANALYSIS OF HARDWARE SEGMENT: PRE- VS POST-COVID-19 72
TABLE 2 ITS MARKET FOR HARDWARE IN ROADWAYS, BY COMPONENT,
2017–2025 (USD MILLION) 72
7.2.1 INTERFACE BOARDS 72
7.2.1.1 Multifunctional board 72
7.2.1.2 Vehicle detection board 73
7.2.1.3 Communication board 73
TABLE 3 ITS MARKET FOR INTERFACE BOARD IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (USD MILLION) 73
7.2.2 SENSOR 73
7.2.2.1 Vehicle detection sensor 73
7.2.2.2 Pedestrian presence sensor 73
7.2.2.3 Speed sensor 73
TABLE 4 ITS MARKET FOR SENSORS IN ROADWAYS, BY SUB-COMPONENT,
2017–2025 (USD MILLION) 74
TABLE 5 ITS MARKET FOR SENSORS IN ROADWAYS, BY SUB-COMPONENT,
2017–2025 (MILLION UNITS) 74
7.2.3 SURVEILLANCE CAMERA 74
7.2.3.1 Thermal camera 74
7.2.3.2 AID camera 74
TABLE 6 ITS MARKET FOR SURVEILLANCE CAMERAS IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (USD MILLION) 75
TABLE 7 ITS MARKET FOR SURVEILLANCE CAMERAS IN ROADWAYS, BY SUB-COMPONENT, 2017–2025 (MILLION UNITS) 75
7.2.4 TELECOMMUNICATION NETWORK 75
7.2.4.1 Fiber optics 75
7.2.4.2 Copper line 75
7.2.4.3 Wireless media 76
TABLE 8 ITS MARKET FOR TELE-COMMUNICATION NETWORKS IN ROADWAYS,
BY SUB-COMPONENT, 2017–2025 (USD MILLION) 76
7.2.5 MONITORING AND DETECTION SYSTEM 76
7.2.5.1 Automatic number plate detection 76
7.2.5.2 Intelligent traffic controller 76
TABLE 9 ITS MARKET FOR MONITORING AND DETECTION SYSTEM IN ROADWAYS,
BY SUB-COMPONENT, 2017–2025 (USD MILLION) 77
7.2.6 OTHERS 77
7.2.6.1 Linked traffic controller 77
7.2.6.2 Variable message sign 77
TABLE 10 ITS MARKET FOR OTHER HARDWARE COMPONENT IN ROADWAYS,
BY SUB-COMPONENT, 2017–2025 (USD MILLION) 77
7.3 SOFTWARE 78
FIGURE 35 ITS MARKET: SOFTWARE COMPONENTS 78
TABLE 11 ITS MARKET FOR SOFTWARE IN ROADWAYS, BY COMPONENT,
2017–2025 (USD MILLION) 78
7.3.1 VISUALIZATION SOFTWARE 79
7.3.2 VIDEO DETECTION MANAGEMENT SOFTWARE 79
7.3.3 TRANSIT MANAGEMENT SYSTEM 79
7.3.4 OTHERS 79
7.4 SERVICES 79
FIGURE 36 ITS MARKET: SERVICES 79
TABLE 12 ITS MARKET IN ROADWAYS, BY SERVICE, 2017–2025 (USD MILLION) 80
7.4.1 BUSINESS AND CLOUD SERVICES 80
7.4.2 SUPPORT AND MAINTENANCE SERVICES 80
7.5 IMPACT OF COVID-19 ON ROADWAYS OFFERINGS 80

8 ITS MARKET IN ROADWAYS, BY SYSTEM 81
8.1 INTRODUCTION 82
FIGURE 37 ITS MARKET FOR ROADWAYS: BY SYSTEM 82
FIGURE 38 ADVANCED TRAFFIC MANAGEMENT SYSTEM SEGMENT TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS DURING FORECAST PERIOD 82
TABLE 13 ITS MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD BILLION) 83
8.2 ADVANCED TRAFFIC MANAGEMENT SYSTEM (ATMS) 83
8.2.1 ATMS SEGMENT CURRENTLY HOLDS LARGEST SHARE OF ITS MARKET 83
TABLE 14 ADVANCED TRAFFIC MANAGEMENT SYSTEM MARKET FOR ROADWAYS,
BY APPLICATION, 2017–2025 (USD MILLION) 84
TABLE 15 ADVANCED TRAFFIC MANAGEMENT SYSTEM MARKET FOR ROADWAYS,
BY REGION, 2017–2025 (USD MILLION) 84
FIGURE 39 ANALYSIS OF ATMS SEGMENT: PRE- VS POST-COVID-19 85
8.3 ADVANCED TRAVELER INFORMATION SYSTEM (ATIS) 85
8.3.1 VEHICLE-TO-VEHICLE (V2V), VEHICLE-TO-INFRASTRUCTURE (V2I), VEHICLE-TO-EVERYTHING (V2X) COMMUNICATION 85
8.3.1.1 V2V, V2I, and V2X technologies play a vital role when it comes to connected car concept 85
TABLE 16 ADVANCED TRAVELER INFORMATION SYSTEM MARKET FOR ROADWAYS,
BY APPLICATION, 2017–2025 (USD MILLION) 86
TABLE 17 ADVANCED TRAVELER INFORMATION SYSTEM MARKET FOR ROADWAYS,
BY REGION, 2017–2025 (USD MILLION) 86
8.4 ITS-ENABLED TRANSPORTATION PRICING SYSTEM (ITPS) 87
8.4.1 ITPS IS EXPECTED TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD 87
TABLE 18 ITS-ENABLED TRANSPORTATION PRICING SYSTEM MARKET FOR ROADWAYS, BY APPLICATION, 2017–2025 (USD MILLION) 87
TABLE 19 ITS-ENABLED TRANSPORTATION PRICING SYSTEM MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION) 87
FIGURE 40 ANALYSIS OF ITPS SEGMENT: PRE- VS POST-COVID-19 88
8.5 ADVANCED PUBLIC TRANSPORTATION SYSTEM (APTS) 88
8.5.1 IMPACT OF COVID-19 ON APTS MAY BE GREATER AS COMPARED TO OTHER SYSTEMS 88
TABLE 20 ADVANCED PUBLIC TRANSPORTATION SYSTEM MARKET FOR ROADWAYS,
BY APPLICATION, 2017–2025 (USD MILLION) 89
TABLE 21 ADVANCED PUBLIC TRANSPORTATION SYSTEM MARKET FOR ROADWAYS,
BY REGION, 2017–2025 (USD MILLION) 89
8.6 COMMERCIAL VEHICLE OPERATION (CVO) 89
8.6.1 CVO IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 89
TABLE 22 COMMERCIAL VEHICLE OPERATION MARKET FOR ROADWAYS, BY APPLICATION, 2017–2025 (USD MILLION) 90
TABLE 23 COMMERCIAL VEHICLE OPERATION MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION) 90
8.7 IMPACT OF COVID-19 ON ROADWAY SYSTEMS 90

9 ITS MARKET FOR ROADWAYS, BY APPLICATION 91
9.1 INTRODUCTION 92
FIGURE 41 ITS MARKET FOR ROADWAYS: BY APPLICATION 92
FIGURE 42 INTELLIGENT TRAFFIC CONTROL APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET FOR ROADWAYS IN 2020 92
TABLE 24 ITS MARKET FOR ROADWAYS, BY APPLICATION, 2017–2025 (USD BILLION) 93
9.2 FLEET MANAGEMENT AND ASSET MONITORING 93
9.2.1 VEHICLE TRACKING THROUGH GPS IS ONE OF THE KEY FEATURES IN THIS APPLICATION 93
TABLE 25 FLEET MANAGEMENT AND ASSET MONITORING MARKET FOR ROADWAYS,
BY SYSTEM, 2017–2025 (USD MILLION) 94
TABLE 26 FLEET MANAGEMENT AND ASSET MONITORING MARKET FOR ROADWAYS,
BY REGION, 2017–2025 (USD MILLION) 94
FIGURE 43 ANALYSIS OF FLEET MANAGEMENT AND ASSET MONITORING SEGMENT:
PRE- VS POST-COVID-19 94
9.3 INTELLIGENT TRAFFIC CONTROL 95
FIGURE 44 TYPES OF INTELLIGENT TRAFFIC CONTROL 95
9.3.1 TRAFFIC MONITORING 95
9.3.1.1 Traffic monitoring system helps to monitor real-time traffic 95
9.3.2 TRAFFIC SIGNAL CONTROL 95
9.3.2.1 Traffic signal control system serves as an effective measure for relieving urban traffic congestion 95
9.3.3 TRAFFIC ENFORCEMENT CAMERAS 95
9.3.3.1 Traffic enforcement cameras help to monitor violation of traffic laws 95
9.3.4 VARIABLE TRAFFIC MESSAGE SIGN 96
9.3.4.1 Variable traffic message sign is an electronic and intelligent display panel for road traffic management 96
TABLE 27 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SUB-SYSTEM, 2017–2025 (USD MILLION) 96
TABLE 28 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION) 96
TABLE 29 INTELLIGENT TRAFFIC CONTROL MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION) 96
9.4 COLLISION AVOIDANCE 97
9.4.1 COLLISION AVOIDANCE IS A SMALL MARKET BUT TO GROW SIGNIFICANTLY DURING FORECAST PERIOD 97
TABLE 30 COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY SYSTEM,
2017–2025 (USD MILLION) 97
TABLE 31 COLLISION AVOIDANCE MARKET FOR ROADWAYS, BY REGION,
2017–2025 (USD MILLION) 97
9.5 PARKING MANAGEMENT 98
9.5.1 PARKING MANAGEMENT SYSTEM PROVIDES ELECTRONIC MONITORING AND MANAGEMENT OF PARKING FACILITIES 98
TABLE 32 PARKING MANAGEMENT MARKET FOR ROADWAYS, BY SYSTEM,
2017–2025 (USD MILLION) 98
TABLE 33 PARKING MANAGEMENT MARKET FOR ROADWAYS, BY REGION,
2017–2025 (USD MILLION) 99
FIGURE 45 ANALYSIS OF PARKING MANAGEMENT SEGMENT: PRE- VS POST-COVID-19 99
9.6 PASSENGER INFORMATION MANAGEMENT 99
9.6.1 INCREASING DEMAND FOR INTERACTIVE DISPLAYS TO DRIVE THE MARKET FOR PASSENGER INFORMATION MANAGEMENT 99
TABLE 34 PASSENGER INFORMATION MANAGEMENT MARKET FOR ROADWAYS,
BY SYSTEM, 2017–2025 (USD MILLION) 100
TABLE 35 PASSENGER INFORMATION MANAGEMENT MARKET FOR ROADWAYS,
BY REGION, 2017–2025 (USD MILLION) 100
9.7 TICKETING MANAGEMENT 100
9.7.1 INCREASING USAGE OF E-TICKETING, INTEGRATED PAYMENT SYSTEMS, AND SMARTCARDS IS EXPECTED TO DRIVE MARKET FOR TICKETING MANAGEMENT 100
TABLE 36 TICKETING MANAGEMENT MARKET FOR ROADWAYS, BY SYSTEM,
2017–2025 (USD MILLION) 101
TABLE 37 TICKETING MANAGEMENT MARKET FOR ROADWAYS, BY REGION,
2017–2025 (USD MILLION) 101
FIGURE 46 ANALYSIS OF TICKETING MANAGEMENT SEGMENT: PRE- VS POST-COVID-19 101
9.8 EMERGENCY VEHICLE NOTIFICATION 102
9.8.1 EMERGENCE OF COMMERCIAL VEHICLES IS MAJOR GROWTH DRIVER FOR THIS MARKET 102
TABLE 38 EMERGENCY VEHICLE NOTIFICATION MARKET FOR ROADWAYS, BY SYSTEM, 2017–2025 (USD MILLION) 102
TABLE 39 EMERGENCY VEHICLE NOTIFICATION MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD MILLION) 102
9.9 AUTOMOTIVE TELEMATICS 103
9.9.1 AUTOMOTIVE TELEMATICS IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 103
TABLE 40 AUTOMOTIVE TELEMATICS MARKET FOR ROADWAYS, BY SYSTEM,
2017–2025 (USD MILLION) 103
TABLE 41 AUTOMOTIVE TELEMATICS MARKET FOR ROADWAYS, BY REGION,
2017–2025 (USD MILLION) 103
9.10 IMPACT OF COVID-19 ON ROADWAYS APPLICATIONS 104

10 ITS MARKET FOR RAILWAYS, BY APPLICATION 105
10.1 INTRODUCTION 106
FIGURE 47 ITS MARKET FOR RAILWAYS, BY APPLICATION 106
FIGURE 48 ITS MARKET FOR SMART TICKETING APPLICATION IN RAILWAYS IS EXPECTED TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 106
TABLE 42 ITS MARKET FOR RAILWAYS, BY APPLICATION, 2017–2025 (USD BILLION) 107
10.2 RAIL-RUNNING OPERATION AND COLLISION AVOIDANCE 107
10.2.1 RAIL-RUNNING OPERATION AND COLLISION AVOIDANCE TO HOLD LARGEST SHARE OF ITS MARKET FOR RAILWAYS 107
TABLE 43 ITS MARKET FOR RAILWAYS IN RAIL-RUNNING OPERATION & COLLISION AVOIDANCE APPLICATION, BY REGION, 2017–2025 (USD MILLION) 108
FIGURE 49 ANALYSIS OF RAIL-RUNNING OPERATION & COLLISION AVOIDANCE SEGMENT: PRE- VS POST-COVID-19 108
10.3 PASSENGER INFORMATION MANAGEMENT 108
10.3.1 PASSENGER INFORMATION MANAGEMENT SERVES AS A TOOL TO PROVIDE PRE-TRIP AND REAL-TIME INFORMATION 108
TABLE 44 ITS MARKET FOR RAILWAYS IN PASSENGER INFORMATION MANAGEMENT APPLICATION, BY REGION, 2017–2025 (USD MILLION) 109
10.4 SMART TICKETING 109
10.4.1 SMART TICKETING IS EXPECTED TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 109
TABLE 45 ITS MARKET FOR RAILWAYS IN SMART TICKETING APPLICATION, BY REGION, 2017–2025 (USD MILLION) 109
FIGURE 50 ANALYSIS OF SMART TICKETING SEGMENT: PRE- VS POST-COVID-19 110
10.5 SECURITY AND SURVEILLANCE 110
10.5.1 VULNERABILITY TO SECURITY THREATS HAS INCREASED NEED FOR SECURITY AND SURVEILLANCE IN RAILWAYS 110
TABLE 46 ITS MARKET FOR RAILWAYS IN SECURITY & SURVEILLANCE APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 111
10.6 EMERGENCY NOTIFICATION 111
10.6.1 EMERGENCY NOTIFICATION PLAYS A KEY ROLE IN HELPING REDUCE CHANCES OF ACCIDENTS IN RAILWAYS 111
TABLE 47 ITS MARKET FOR RAILWAYS IN EMERGENCY NOTIFICATION APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 111
10.7 OTHERS 112
TABLE 48 ITS MARKET FOR RAILWAYS IN OTHERS APPLICATIONS, BY REGION,
2017–2025 (USD MILLION) 112
10.8 IMPACT OF COVID-19 ON RAILWAYS APPLICATIONS 112

11 ITS MARKET FOR AVIATION, BY APPLICATION 113
11.1 INTRODUCTION 114
FIGURE 51 ITS MARKET FOR AVIATION: BY APPLICATION 114
FIGURE 52 ITS MARKET FOR SMART TICKETING APPLICATION TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 114
TABLE 49 ITS MARKET FOR AVIATION, BY APPLICATION, 2017–2025 (USD MILLION) 115
11.2 SECURITY AND SURVEILLANCE 115
11.2.1 SECURITY AND SURVEILLANCE HELPS TO AVOID UNETHICAL AND UNLAWFUL ACTIVITIES 115
TABLE 50 ITS MARKET FOR AVIATION IN SECURITY & SURVEILLANCE APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 116
FIGURE 53 ANALYSIS OF SECURITY & SURVEILLANCE SEGMENT: PRE- VS POST-COVID-19 116
11.3 SHUTTLE BUS TRACKING 117
11.3.1 SHUTTLE BUS TRACKING IS CURRENTLY HAVING LESS FOCUS AS COMPARED TO OTHER AVIATION APPLICATIONS 117
TABLE 51 ITS MARKET FOR AVIATION IN SHUTTLE BUS TRACKING APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 117
11.4 TRAVELER INFORMATION 117
11.4.1 INCREASING DEMAND FOR INTERACTIVE DISPLAYS TO DRIVE MARKET FOR TRAVELLER INFORMATION 117
TABLE 52 ITS MARKET FOR AVIATION IN TRAVELER INFORMATION APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 117
11.5 SMART TICKETING 118
11.5.1 SMART TICKETING APPLICATION TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD 118
TABLE 53 ITS MARKET FOR AVIATION IN SMART TICKETING APPLICATION, BY REGION, 2017–2025 (USD MILLION) 118
11.6 AIRCRAFT MANAGEMENT 118
11.6.1 AIRCRAFT MANAGEMENT HOLDS LARGEST SHARE OF ITS MARKET FOR AVIATION 118
TABLE 54 ITS MARKET FOR AVIATION IN AIRCRAFT MANAGEMENT APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 119
FIGURE 54 ANALYSIS OF AIRCRAFT MANAGEMENT SEGMENT: PRE- VS POST-COVID-19 119
11.7 EMERGENCY NOTIFICATION 119
11.7.1 DEPLOYMENT OF SURVEILLANCE CAMERAS IS EXPECTED TO DRIVE MARKET FOR EMERGENCY NOTIFICATION 119
TABLE 55 ITS MARKET FOR AVIATION IN EMERGENCY NOTIFICATION APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 120
11.8 OTHERS 120
TABLE 56 ITS MARKET FOR AVIATION IN OTHER APPLICATIONS, BY REGION,
2017–2025 (USD MILLION) 120
11.9 IMPACT OF COVID-19 ON AVIATION APPLICATIONS 120

12 ITS MARKET IN MARITIME, BY APPLICATION 121
12.1 INTRODUCTION 122
FIGURE 55 ITS MARKET FOR MARITIME: BY APPLICATION 122
FIGURE 56 FREIGHT ARRIVAL & TRANSIT APPLICATION SEGMENT TO HOLD LARGEST SHARE OF ITS MARKET FOR MARITIME DURING FORECAST PERIOD 122
TABLE 57 ITS MARKET FOR MARITIME, BY APPLICATION, 2017–2025 (USD MILLION) 122
12.2 FREIGHT ARRIVAL & TRANSIT 123
12.2.1 FREIGHT ARRIVAL & TRANSIT APPLICATION TO HOLD LARGEST SHARE OF ITS MARKET IN MARITIME 123
TABLE 58 ITS MARKET FOR MARITIME IN FREIGHT ARRIVAL & TRANSIT APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 123
FIGURE 57 ANALYSIS OF FREIGHT ARRIVAL & TRANSIT SEGMENT: PRE- VS POST-COVID-19 124
12.3 REAL-TIME WEATHER INFORMATION 124
12.3.1 REAL-TIME WEATHER INFORMATION HOLDS LESS SHARE OF ITS MARKET FOR MARITIME 124
TABLE 59 ITS MARKET FOR MARITIME IN REAL-TIME WEATHER INFORMATION APPLICATION, BY REGION, 2017–2025 (USD MILLION) 124
12.4 SCHEDULING OF CONTAINER MOVEMENT 125
12.4.1 SCHEDULING OF CONTAINER MOVEMENT APPLICATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 125
TABLE 60 ITS MARKET FOR MARITIME IN SCHEDULING OF CONTAINER MOVEMENT APPLICATION, BY REGION, 2017–2025 (USD MILLION) 125
FIGURE 58 ANALYSIS OF SCHEDULING OF CONTAINER MOVEMENT SEGMENT: PRE- VS POST-COVID-19 125
12.5 EMERGENCY NOTIFICATION 126
12.5.1 EMERGENCY NOTIFICATION APPLICATION PLAYS A VITAL ROLE IN MONITORING AND REDUCING CHANCES OF MARINE ACCIDENTS 126
TABLE 61 ITS MARKET FOR MARITIME IN EMERGENCY NOTIFICATION APPLICATION,
BY REGION, 2017–2025 (USD MILLION) 126
12.6 OTHERS 126
TABLE 62 ITS MARKET FOR MARITIME IN OTHER APPLICATIONS, BY REGION,
2017–2025 (USD MILLION) 126
12.7 IMPACT OF COVID-19 ON MARITIME APPLICATIONS 127

13 GEOGRAPHIC ANALYSIS 128
13.1 INTRODUCTION 129
FIGURE 59 ITS MARKET: BY REGION 129
TABLE 63 ITS MARKET FOR ROADWAYS, BY REGION, 2017–2025 (USD BILLION) 129
TABLE 64 ITS MARKET FOR RAILWAYS, BY REGION, 2017–2025 (USD BILLION) 130
TABLE 65 ITS MARKET FOR AVIATION, BY REGION, 2017–2025 (USD MILLION) 130
TABLE 66 ITS MARKET FOR MARITIME, BY REGION, 2017–2025 (USD MILLION) 130
13.2 NORTH AMERICA 131
FIGURE 60 ITS MARKET SEGMENTATION: NORTH AMERICA 131
FIGURE 61 MARKET SNAPSHOT FOR ROADWAYS IN NORTH AMERICA 132
TABLE 67 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY COUNTRY,
2017–2025 (USD MILLION) 132
TABLE 68 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY SYSTEM,
2017–2025 (USD MILLION) 133
TABLE 69 ITS MARKET FOR ROADWAYS IN NORTH AMERICA, BY APPLICATION,
2017–2025 (USD MILLION) 133
13.2.1 IMPACT OF COVID-19 ON NORTH AMERICA 134
FIGURE 62 ANALYSIS OF MARKET FOR NORTH AMERICA: PRE- VS POST-COVID-19 134
13.2.2 US 135
13.2.2.1 US is currently holding first rank in ITS market in North America 135
TABLE 70 ITS MARKET FOR ROADWAYS IN THE US, BY SYSTEM,
2017–2025 (USD MILLION) 135
13.2.3 CANADA 136
13.2.3.1 Canada is holding second rank in ITS ecosystem in North America 136
TABLE 71 ITS MARKET FOR ROADWAYS IN CANADA, BY SYSTEM,
2017–2025 (USD MILLION) 136
13.2.4 MEXICO 136
13.2.4.1 Mexico is witnessing significant growth in North America ITS market 136
TABLE 72 ITS MARKET FOR ROADWAYS IN MEXICO, BY SYSTEM,
2017–2025 (USD MILLION) 137
13.3 EUROPE 137
FIGURE 63 ITS MARKET SEGMENTATION: EUROPE 137
FIGURE 64 MARKET SNAPSHOT FOR ROADWAYS IN EUROPE 138
TABLE 73 I ITS MARKET FOR ROADWAYS IN EUROPE, BY COUNTRY,
2017–2025 (USD MILLION) 138
TABLE 74 ITS MARKET FOR ROADWAYS IN EUROPE, BY SYSTEM,
2017–2025 (USD MILLION) 139
TABLE 75 ITS MARKET FOR ROADWAYS IN EUROPE, BY APPLICATION,
2017–2025 (USD MILLION) 139
13.3.1 IMPACT OF COVID-19 ON EUROPE 140
FIGURE 65 ANALYSIS OF MARKET FOR EUROPE: PRE- VS POST-COVID-19 140
13.3.2 UK 141
13.3.2.1 UK holds largest share of ITS market in Europe 141
TABLE 76 ITS MARKET FOR ROADWAYS IN UK, BY SYSTEM, 2017–2025 (USD MILLION) 141
13.3.3 GERMANY 141
13.3.3.1 Germany holds second position in ITS market in Europe 141
TABLE 77 ITS MARKET FOR ROADWAYS IN GERMANY, BY SYSTEM,
2017–2025 (USD MILLION) 142
13.3.4 FRANCE 142
13.3.4.1 ITS plays a vital role in the French Transport Policy 142
TABLE 78 ITS MARKET FOR ROADWAYS IN FRANCE, BY SYSTEM,
2017–2025 (USD MILLION) 143
13.3.5 ITALY 143
13.3.5.1 Italy to hold significant market share in ITS ecosystem 143
TABLE 79 ITS MARKET FOR ROADWAYS IN ITALY, BY SYSTEM,
2017–2025 (USD MILLION) 143
13.3.6 SPAIN 144
13.3.6.1 High traffic density in Spain to drive the market growth 144
TABLE 80 ITS MARKET FOR ROADWAYS IN SPAIN, BY SYSTEM,
2017–2025 (USD MILLION) 144
13.3.7 BELGIUM 144
13.3.7.1 Developments in the transport sector to drive ITS market in Belgium 144
TABLE 81 ITS MARKET FOR ROADWAYS IN BELGIUM, BY SYSTEM,
2017–2025 (USD MILLION) 145
13.3.8 DENMARK 145
13.3.8.1 Innovation in technology to drive ITS market in Denmark 145
TABLE 82 ITS MARKET FOR ROADWAYS IN DENMARK, BY SYSTEM,
2017–2025 (USD MILLION) 145
13.3.9 AUSTRIA 146
13.3.9.1 Well-established transport sector to boost the market growth 146
TABLE 83 ITS MARKET FOR ROADWAYS IN AUSTRIA, BY SYSTEM,
2017–2025 (USD MILLION) 146
13.3.10 SWEDEN 147
13.3.10.1 Frequent usage of public transit systems to boost the deployment of ITS 147
TABLE 84 ITS MARKET FOR ROADWAYS IN SWEDEN, BY SYSTEM,
2017–2025 (USD MILLION) 147
13.3.11 REST OF EUROPE 147
TABLE 85 ITS MARKET FOR ROADWAYS IN REST OF EUROPE, BY SYSTEM,
2017–2025 (USD MILLION) 147
13.4 APAC 148
FIGURE 66 ITS MARKET SEGMENTATION: APAC 148
FIGURE 67 MARKET SNAPSHOT FOR ROADWAYS IN APAC 149
TABLE 86 ITS MARKET FOR ROADWAYS IN APAC, BY COUNTRY,
2017–2025 (USD MILLION) 149
TABLE 87 ITS MARKET FOR ROADWAYS IN APAC, BY SYSTEM,
2017–2025 (USD MILLION) 150
TABLE 88 ITS MARKET FOR ROADWAYS IN APAC, BY APPLICATION,
2017–2025 (USD MILLION) 150
13.4.1 IMPACT OF COVID-19 ON APAC 151
FIGURE 68 ANALYSIS OF MARKET FOR APAC: PRE- VS POST-COVID-19 151
13.4.2 CHINA 152
13.4.2.1 China is one of major markets for ITS in APAC 152
TABLE 89 ITS MARKET FOR ROADWAYS IN CHINA, BY SYSTEM,
2017–2025 (USD MILLION) 152
13.4.3 JAPAN 152
13.4.3.1 Japan is holding first rank in ITS market in APAC 152
TABLE 90 ITS MARKET FOR ROADWAYS IN JAPAN, BY SYSTEM,
2017–2025 (USD MILLION) 153
13.4.4 SOUTH KOREA 153
13.4.4.1 South Korea is a significant contributor to ITS market in APAC 153
TABLE 91 ITS MARKET FOR ROADWAYS IN SOUTH KOREA, BY SYSTEM,
2017–2025 (USD MILLION) 153
13.4.5 INDIA 154
13.4.5.1 India is in a nascent stage in ITS deployment in APAC 154
TABLE 92 ITS MARKET FOR ROADWAYS IN INDIA, BY SYSTEM,
2017–2025 (USD MILLION) 154
13.4.6 AUSTRALIA 154
13.4.6.1 Australia is expected to register highest CAGR in APAC ITS market 154
TABLE 93 ITS MARKET FOR ROADWAYS IN AUSTRALIA, BY SYSTEM,
2017–2025 (USD MILLION) 155
13.4.7 REST OF APAC 155
TABLE 94 ITS MARKET FOR ROADWAYS IN REST OF APAC, BY SYSTEM,
2017–2025 (USD MILLION) 155
13.5 REST OF WORLD (ROW) 156
FIGURE 69 ITS MARKET SEGMENTATION: REST OF WORLD 156
FIGURE 70 MARKET SNAPSHOT FOR ROADWAYS IN ROW 156
TABLE 95 ITS MARKET FOR ROADWAYS IN ROW, BY COUNTRY,
2017–2025 (USD MILLION) 156
TABLE 96 ITS MARKET FOR ROADWAYS IN ROW, BY SYSTEM,
2017–2025 (USD MILLION) 157
TABLE 97 ITS MARKET FOR ROADWAYS IN ROW, BY APPLICATION,
2017–2025 (USD MILLION) 157
13.5.1 IMPACT OF COVID-19 ON ROW 157
FIGURE 71 ANALYSIS OF MARKET FOR ROW: PRE- VS POST-COVID-19 158
13.5.2 SOUTH AMERICA 158
13.5.2.1 South America is dominating the ITS market in RoW 158
TABLE 98 ITS MARKET FOR ROADWAYS IN SOUTH AMERICA, BY SYSTEM,
2017–2025 (USD MILLION) 159
13.5.3 AFRICA 159
13.5.3.1 Traffic congestion and increasing pollution to drive the growth of ITS market in Africa 159
TABLE 99 ITS MARKET FOR ROADWAYS IN AFRICA, BY SYSTEM,
2017–2025 (USD MILLION) 159
13.5.4 MIDDLE EAST 160
13.5.4.1 Middle East to record significant growth during forecast period 160
TABLE 100 ITS MARKET FOR ROADWAYS IN MIDDLE EAST, BY SYSTEM,
2017–2025 (USD MILLION) 160

14 COMPETITIVE LANDSCAPE 161
14.1 INTRODUCTION 161
FIGURE 72 ITS MARKET: KEY GROWTH STRATEGY ADOPTED BY COMPANIES FROM 2017 T0 2020 161
14.2 RANKING ANALYSIS OF KEY PLAYERS IN ITS MARKET 162
FIGURE 73 ITS MARKET: RANKING OF KEY COMPANIES 162
14.3 COMPETITIVE SITUATIONS AND TRENDS 163
14.3.1 NEW PRODUCT LAUNCHES 163
TABLE 101 NEW PRODUCT LAUNCHES, 2019–2020 163
14.3.2 CONTRACTS, COLLABORATIONS, AND PARTNERSHIPS 164
TABLE 102 CONTRACTS, COLLABORATIONS, AND PARTNERSHIP, 2019–2020 164
14.3.3 ACQUISITIONS 165
TABLE 103 ACQUISITIONS, 2018–2020 165
14.4 COMPETITIVE LEADERSHIP MAPPING, 2019 166
14.4.1 VISIONARY LEADERS 166
14.4.2 DYNAMIC DIFFERENTIATORS 166
14.4.3 INNOVATORS 166
14.4.4 EMERGING COMPANIES 166
FIGURE 74 ITS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019 167

15 COMPANY PROFILE 168
15.1 INTRODUCTION 168
(Business Overview, Products/solutions/services offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View)*

15.2 KEY PLAYERS 169
15.2.1 THALES GROUP 169
FIGURE 75 THALES GROUP: COMPANY SNAPSHOT 169
15.2.2 SIEMENS 174
FIGURE 76 SIEMENS: COMPANY SNAPSHOT 174
15.2.3 KAPSCH TRAFFICCOM 178
FIGURE 77 KAPSCH TRAFFICCOM: COMPANY SNAPSHOT 178
15.2.4 GARMIN 182
FIGURE 78 GARMIN: COMPANY SNAPSHOT 182
15.2.5 TOMTOM INTERNATIONAL BV 186
FIGURE 79 TOMTOM INTERNATIONAL BV: COMPANY SNAPSHOT 186
15.2.6 CUBIC CORPORATION 190
FIGURE 80 CUBIC CORPORATION: COMPANY SNAPSHOT 190
15.2.7 CISCO SYSTEMS 193
FIGURE 81 CISCO SYSTEMS: COMPANY SNAPSHOT 193
15.2.8 FLIR SYSTEMS, INC. 195
FIGURE 82 FLIR SYSTEMS, INC.: COMPANY SNAPSHOT 195
15.2.9 INDRA SISTEMAS, S.A. 198
FIGURE 83 INDRA SISTEMAS, S.A.: COMPANY SNAPSHOT 198
15.2.10 EFKON GMBH 201
15.3 RIGHT TO WIN 203
15.4 OTHER IMPORTANT PLAYERS 204
15.4.1 Q-FREE 204
15.4.2 DENSO CORPORATION 204
15.4.3 ITERIS 205
15.4.4 TRANSCORE 206
15.4.5 SAVARI 207
15.4.6 RICARDO 208
15.4.7 LANNER ELECTRONICS 208
15.4.8 GEOTOLL 209
15.4.9 CITILOG 209
15.4.10 CELLINT 209
*Details Business Overview, Products/solutions/services offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

16 APPENDIX 210
16.1 DISCUSSION GUIDE 210
16.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 214
16.3 AVAILABLE CUSTOMIZATIONS 216
16.4 RELATED REPORTS 216
16.5 AUTHOR DETAILS 217