Roadways & Railways Intelligent Transport Systems Market was valued at USD 25 Billion in 2022 and is projected to reach USD 40 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The global market for Roadways & Railways Intelligent Transport Systems (ITS) was valued at approximately USD 42.5 billion in 2022, with an anticipated compound annual growth rate (CAGR) of 8.4% from 2023 to 2028. This growth is driven by increasing investments in smart infrastructure, the rising demand for efficient transportation solutions, and advancements in communication technologies. The roadways segment holds a significant share of the market due to the widespread adoption of traffic management systems, whereas the railways segment is experiencing substantial growth due to the modernization of rail networks and the integration of automation technologies.
Opportunity analysis reveals a burgeoning potential in emerging markets, particularly in Asia-Pacific and Latin America, where rapid urbanization and infrastructure development are propelling demand for intelligent transport solutions. Additionally, the growing emphasis on sustainable transportation and smart city initiatives provides further growth prospects. The integration of AI and machine learning technologies into ITS is expected to enhance system efficiencies and create new market opportunities, driving innovation and expanding the overall market landscape.
Get an In-Depth Research Analysis of the Global Roadways & Railways Intelligent Transport Systems Market Size And Forecast [2025-2032]
Siemens AG
Cisco Systems
Inc
ZTE Corporation
IBM
Microsoft
Intel Corporation
Oracle
Computer Science Corporation
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Roadways & Railways Intelligent Transport Systems Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Roadways & Railways Intelligent Transport Systems Market
Roadways
Railways
Based on Types the Market is categorized into Below types that held the largest Roadways & Railways Intelligent Transport Systems market share In 2023.
Advanced Traveler Information Systems (ATIS)
Railways Intelligent Transport Systems (ITS)
Advanced Public Transportation Systems (APTS)
Cooperative Vehicle Systems
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Roadways & Railways Intelligent Transport Systems Market Research Analysis
1. Introduction of the Global Roadways & Railways Intelligent Transport Systems Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Roadways & Railways Intelligent Transport Systems Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Roadways & Railways Intelligent Transport Systems Market, By Type
6. Global Roadways & Railways Intelligent Transport Systems Market, By Application
7. Global Roadways & Railways Intelligent Transport Systems Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Roadways & Railways Intelligent Transport Systems Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/