Market Analysis Insights Intelligent Transportation System (ITS) Market is expected to grow globally with an estimated CAGR of 7.40% to reach USD 51.41 billion by 2028. The factors such as increasing concerns related to public safety, growing traffic congestion problem, and increasing favorable initiatives taken by the government for effective traffic management have proved to be the major driving forces for ITS market. The need for presenting real-time traffic information to drivers and passengers is one of the key factors driving the demand for ITS. Market Segment The Market is segmented based on Type • Advanced Traveler Information Systems (ATIS) • Advanced Transportation Management Systems (ATMS) • Advanced Transportation Pricing Systems (APTS) • Advanced Public Transportation Systems (APTS) • Cooperative Vehicle Systems (CVO) • Advanced Rural Transportation System (ARTS) • Automatic Number Plate Recognition Systems (ANPR) The Market is segmented based on Protocol • Short Range o Wave (IEEE 802.11) o Wpan (IEEE 802.15) • Long Range o Wimax (IEEE 802.11) o Ofdm • IEEE 1512 • Traffic Management Data Dictionary (TMDD) • Others The Market is segmented based on Offering • Hardware o Interface Board ? Vehicle Detection Board ? Multifunctional Board ? Communication Board o Sensor ? Vehicle Detection Sensor ? Pedestrian Presence Sensor ? Speed Sensor o Surveillance Camera ? Thermal camera ? Aid Camera o Telecommunication Network ? Fiber Optics ? Copper Line ? Wireless Media o Monitoring and Detection System ? Automatic Number Plate Detection ? Intelligent Traffic Controller o Others ? Linked Traffic Controller ? Variable Message Sign ? Intelligent Traffic Controller • Software o Visualization Software o Video Detection Management Software o Transit Management System o Others • Services o Business and Cloud Services o Support and Maintenance Services The Market is segmented based on Application • Traffic Management • Road Safety & Surveillance • Freight Management • Public Transport • Environment Protection • Automotive Telematics • Parking Management • Road Tolling System The above segmentation is covered for all countries and regions listed below • North and South America o U.S. o Canada o Mexico o Brazil o Rest of Americas • Europe o Germany o France o U.K. o Italy o Spain o Rest of Europe • Asia Pacific o China o Japan o India o Australia o Rest of APAC • Middle East and Africa Vendor Landscape Competitive Research The major players in the global intelligent transportation system (ITS) market are Siemens AG, Kapsch TrafficCom, and Hitachi Ltd., Denso Corporation, Efkon Ag, Garmin International, and Lanner Electronics, Xerox Corporation, WS Atkins PLC, TransCore, LP, TomTom NV, Thales Group, Telenav, Inc., Siemens AG, Sensys Networks Incorporation, Ricardo PLC, Q-Free ASA, Nuance Communications, Inc., Lanner Electronics, Inc., Kapsch TrafficCom AG, Garmin International, Inc., and Iteris, Inc.