Asia Pacific Intelligent Transportation System Market Size & Outlook
Asia Pacific intelligent transportation system market, 2018-2030 (US$M)
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Asia Pacific intelligent transportation system market highlights
- The Asia Pacific intelligent transportation system market generated a revenue of USD 12,278.8 million in 2023.
- The market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, roadway was the largest revenue generating transportation mode in 2023.
- Airway is the most lucrative transportation mode segment registering the fastest growth during the forecast period.
- Country-wise, Vietnam is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 12,278.8 million |
| Market revenue in 2030 | USD 24,009.0 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Roadway |
| Fastest growing segment | Airway |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Roadway, Railway, Airway, Maritime |
| Key market players worldwide | Advantech, Iridium Communications Inc, Alstom SA, Cubic Corporation, Hitachi Ltd, Indra Sistemas SA ADR, Iteris Inc, Kapsch Group, Kongsberg Gruppen ASA, L3Harris Technologies Inc, Brunswick Corp, NEC Corp, Siemens AG, Spire Global Inc Ordinary Shares - Class A, Teledyne Technologies Inc, Thales, Transcore, Wabtec |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.2% of the global intelligent transportation system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 24,009.0 million by 2030.
Key Regions: U.S. , UK , Australia , Indonesia , Malaysia
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Intelligent Transportation System Market Scope
Intelligent Transportation System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific intelligent transportation system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to intelligent transportation system market will help companies and investors design strategic landscapes.
Roadway was the largest segment with a revenue share of 40.6% in 2023. Horizon Databook has segmented the Asia Pacific intelligent transportation system market based on roadway, railway, airway, maritime covering the revenue growth of each sub-segment from 2018 to 2030.
The stringent emission norms, rising demand for electric vehicles and charging infrastructure, and supportive government policies are driving the growth of the intelligent transportation market in the region.
Furthermore, rising pollution levels and the adverse effects of greenhouse gas emissions on the environment have propelled the demand for environmentally friendly vehicles in the region.
Governments of various countries in the region have announced various tax exemptions and subsidies on the purchase of electric buses, scooters, and cars to promote technologically advanced and green transportation.
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Target buyers of Asia Pacific intelligent transportation system market databook
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Our clientele includes a mix of intelligent transportation system market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific intelligent transportation system market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific intelligent transportation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific intelligent transportation system market size, by country, 2018-2030 (US$M)
Asia Pacific Intelligent Transportation System Market Outlook Share, 2023 & 2030 (US$M)
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