U.S. Intelligent Transportation System Market Size & Outlook
U.S. intelligent transportation system market, 2018-2030 (US$M)
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U.S. intelligent transportation system market highlights
- The U.S. intelligent transportation system market generated a revenue of USD 13,224.2 million in 2023 and is expected to reach USD 21,149.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.9% 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 13,224.2 million |
| Market revenue in 2030 | USD 21,149.2 million |
| Growth rate | 6.9% (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, U.S. accounted for 26.1% 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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U.S. 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 45.83% in 2023. Horizon Databook has segmented the U.S. intelligent transportation system market based on roadway, railway, airway, maritime covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. Intelligent Transportation System (ITS) market has experienced significant growth in recent years, driven by the increasing need for efficient and sustainable transportation solutions. With the growing urban populations in cities, the demand for smart transportation systems that can alleviate congestion and improve traffic flow has increased sharply.
Thus, ITS technologies, such as real-time traffic monitoring, adaptive traffic signal control, and intelligent route planning, are gaining constant attraction in the U.S. for managing traffic congestion and optimizing the existing transportation infrastructure.
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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 U.S. intelligent transportation system market , including forecasts for subscribers. This country databook contains high-level insights into U.S. intelligent transportation system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. intelligent transportation system market size, by transportation mode, 2018-2030 (US$M)
U.S. Intelligent Transportation System Market Outlook Share, 2023 & 2030 (US$M)
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