Mexico Intelligent Transportation System Market Size & Outlook
Mexico intelligent transportation system market, 2018-2030 (US$M)
Related Markets
Mexico intelligent transportation system market highlights
- The Mexico intelligent transportation system market generated a revenue of USD 647.7 million in 2023 and is expected to reach USD 1,092.5 million by 2030.
- The Mexico market is expected to grow at a CAGR of 7.8% 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.
Intelligent transportation system market data book summary
| Market revenue in 2023 | USD 647.7 million |
| Market revenue in 2030 | USD 1,092.5 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Roadway |
| Fastest growing segment | Maritime |
| 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, Mexico accounted for 1.3% 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 Latin America, Mexico intelligent transportation system market is projected to lead the regional market in terms of revenue in 2030.
- Colombia is the fastest growing regional market in Latin America and is projected to reach USD 668.9 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Intelligent Transportation System Market Scope
Intelligent Transportation System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 45.08% in 2023. Horizon Databook has segmented the Mexico intelligent transportation system market based on roadway, railway, airway, maritime covering the revenue growth of each sub-segment from 2018 to 2030.
The growing population base, coupled with migration from rural areas to cities, has increased the demand for efficient transportation systems. Intelligent transportation systems offer a way to manage growing vehicles, travelers, and pollution.
Rapid innovations and digitization make it highly sophisticated and convenient to manage and share real-time traffic updates, make informed decisions, understand traffic patterns, and estimate the pollution levels in cities and towns.
For instance, in July 2023, Iteris, Inc. revealed that it was chosen to upgrade the public transportation system in Merida, a city in Mexico. This initiative is part of a project to modernize intelligent transportation systems funded by the United States Trade and Development Agency (USTDA).
Reasons to subscribe to Mexico intelligent transportation system market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Mexico intelligent transportation system market databook
-
Our clientele includes a mix of intelligent transportation system market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 country-level data and insights on the Mexico intelligent transportation system market , including forecasts for subscribers. This country databook contains high-level insights into Mexico intelligent transportation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico intelligent transportation system market size, by transportation mode, 2018-2030 (US$M)
Mexico Intelligent Transportation System Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
