Europe Intelligent Transportation System Market Size & Outlook
Europe intelligent transportation system market, 2018-2030 (US$M)
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Europe intelligent transportation system market highlights
- The Europe intelligent transportation system market generated a revenue of USD 13,337.8 million in 2023.
- The market is expected to grow at a CAGR of 8% from 2024 to 2030.
- In terms of segment, roadway was the largest revenue generating transportation mode in 2023.
- Maritime is the most lucrative transportation mode segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 13,337.8 million |
| Market revenue in 2030 | USD 22,815.1 million |
| Growth rate | 8% (CAGR from 2023 to 2030) |
| Largest segment | Roadway |
| Fastest growing segment | Maritime |
| 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, Europe region accounted for 26.3% 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.
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Intelligent Transportation System Market Scope
Intelligent Transportation System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 43.23% in 2023. Horizon Databook has segmented the Europe intelligent transportation system market based on roadway, railway, airway, maritime covering the revenue growth of each sub-segment from 2018 to 2030.
The region is experiencing a significant challenge in terms of traffic congestion, leading to higher traffic volumes, longer commuting times, and waste of energy and non-renewable resources. In response, governments and transportation authorities are shifting to ITS technologies to optimize traffic flow, reduce congestion, and modernize existing infrastructure.
For instance, in June 2021, Hitachi Europe, a subsidiary of Hitachi, Ltd., and Shenzhen Bus Group, the largest new energy public transportation group, announced the integration of their expertise to help European bus operators and municipalities in electrifying their bus fleets (in more than 10,000 vehicles).
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 Europe intelligent transportation system market , including forecasts for subscribers. This continent databook contains high-level insights into Europe intelligent transportation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe intelligent transportation system market size, by country, 2018-2030 (US$M)
Europe Intelligent Transportation System Market Outlook Share, 2023 & 2030 (US$M)
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