Canada Intelligent Transportation System Market Size & Outlook
Canada intelligent transportation system market, 2018-2030 (US$M)
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Canada intelligent transportation system market highlights
- The Canada intelligent transportation system market generated a revenue of USD 4,963.4 million in 2023 and is expected to reach USD 8,926.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.7% 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.
Intelligent transportation system market data book summary
| Market revenue in 2023 | USD 4,963.4 million |
| Market revenue in 2030 | USD 8,926.5 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Roadway |
| Fastest growing segment | Airway |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 9.8% of the global intelligent transportation system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. intelligent transportation system market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 8,926.5 million by 2030.
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Intelligent Transportation System Market Scope
Intelligent Transportation System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 49.78% in 2023. Horizon Databook has segmented the Canada intelligent transportation system market based on roadway, railway, airway, maritime covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing smart infrastructure in Canada has elevated the demand for intelligent transportation systems in the country under the Canada Strategic Plan 2020-25 initiative. Based on the Smart City Intelligent Transportation System (ITS) program, Canada will supply and integrate intelligent transportation systems for municipalities and agencies across the country.
Furthermore, Canada is undertaking a series of strategic initiatives to strengthen its transportation and infrastructure systems, which is also expected to propel the growth of the Canadian intelligent transportation system market over the forecast period.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Canada intelligent transportation system market , including forecasts for subscribers. This country databook contains high-level insights into Canada intelligent transportation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada intelligent transportation system market size, by transportation mode, 2018-2030 (US$M)
Canada Intelligent Transportation System Market Outlook Share, 2023 & 2030 (US$M)
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