Intelligent Transportation System Market Size, Share & Trends Analysis growing at a CAGR of 9.2% from 2025 to 2030
The global intelligent transportation system market size was estimated at USD 54.48 billion in 2024 and is expected to grow at a CAGR of 9.2% from 2025 to 2030. Growing demand for traffic control solutions & smart vehicles, the improved safety and monitoring offered by License Plate Recognition (LPRs), modern cameras, and the emergence of smart cities, are contributing to the growth.
Key Highlights:
- North America Intelligent Transportation System (ITS) market held the majority revenue share of over 35.2% in 2024.
- International express delivery in North America is driven by B2C and B2B flows across U.S.-Canada and U.S.-Mexico corridors, along with global trade links to Asia and Europe..
- Based on mode of transportation, the roadway segment accounted for the largest revenue share of 39.4% in 2024.
- Based on roadway offering, the hardware segment accounted for the largest revenue share in 2024.
- Based on roadway system type, the advanced traffic management system (ATMS) segment accounted for the largest revenue share in 2024.
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Intelligent Transportation System (ITS) provides traffic management solutions that enable enhanced road safety, traffic flow, and mobility, creating a positive market outlook.
The growing number of vehicles, boats, planes & rails, aging infrastructure, and a looming lack of traffic data management are some of the other factors anticipated to contribute to the ITS market’s growth. As a result, the rising need for traffic management solutions across various transport modes such as airways, maritime, roadways & railways has triggered the need for advanced traffic management solutions. The implementation of smart technologies and several efforts have been taken by both public and private organizations, by varying measures, demonstrating that the role of technology will help in the intelligent transportation system market growth.
Expanding rail networks across the globe to address the rising need for efficient public transportation networks is creating robust opportunities for the intelligent transportation system market. The players operating in the ITS market focus on enhancing transportation through the railway network by establishing strategic partnerships with technology providers. For instance, in October 2023, freight railroad company CSX Corporation collaborated with digital technology & automation company Siemens AG for railway traffic optimization across more than 20,000 miles of track in North America using Siemens AG’s TPS.live, rail traffic network optimization solution, and Controlguide Core Dispatch System (CDS).
