Intelligent transport system market seen topping $69B by 2030

The Business Research Company says the global intelligent transport system market is set to surpass $69 billion by 2030 as cities, transit systems and freight networks lean harder on connected infrastructure. Asia-Pacific is forecast to lead growth, while hardware remains the largest segment and the market stays highly fragmented.

Why it matters: - Intelligent transport systems are becoming a core part of urban mobility, freight movement and road safety as cities face more congestion and transportation demand. - The market’s growth signals more spending on connected infrastructure, real-time traffic tools and digital transit systems worldwide. - The forecast matters for governments, transit operators, logistics companies and technology suppliers building smart mobility networks.

What happened: - The Business Research Company released its Intelligent Transport System Global Market Report 2026 – Market Size, Trends, And Forecast 2026-2035. - The report projects the global ITS market will exceed $69 billion by 2030. - The report says the market will grow at a 11% compound annual growth rate through 2030. - The report places the broader information technology market at $13,788 billion by 2030. - Asia-Pacific is forecast to reach $26 billion in ITS revenue by 2030, up from $13 billion in 2025. - The United States market is projected to reach $19 billion by 2030, up from $12 billion in 2025.

The details: - Urbanization is a major growth driver as larger city populations add pressure to road networks and increase demand for traffic monitoring, adaptive signals, congestion tools and route optimization. - Public transportation usage is lifting demand for better scheduling, routing, fleet coordination and real-time passenger information. - E-commerce growth is increasing demand for logistics and freight tools, including live vehicle tracking, dynamic routing and fleet management. - The report says the hardware, software and services segments together will add more than $28 billion in value by 2030. - Hardware is forecast to add $14 billion between 2025 and 2030. - Software is forecast to add $10 billion over the same period. - Services are forecast to add $4 billion over the same period. - Hardware is expected to hold the largest share of the market at 52% in 2030, equal to $36 billion. - Hardware growth is tied to roadside sensors, surveillance cameras, signal control devices, vehicle and incident detection systems, intelligent parking, electronic tolling and connected roadway communications equipment. - The market spans advanced traffic management systems, advanced traveler information systems, advanced transportation pricing systems, advanced public transportation systems and emergency medical systems. - Core transport modes covered in the report are roadways, railways and airways. - Applications include traffic control, collision avoidance, parking and ticketing management, automotive telematics, fleet management and asset monitoring. - Real-time vehicle tracking is improving traffic management, operational efficiency and vehicle location accuracy. - In September 2024, Puducherry Road Transport Corporation deployed an ITS system with real-time bus tracking and automated ticketing. - The deployment was designed to optimize routes, improve passenger service and speed emergency response using GPS tracking and live data analytics. - The report says the top 10 ITS companies held only 15% of revenue in 2025. - Siemens AG held the largest share at 3% in 2025, followed by Thales Group at 3%. - Hitachi Ltd. and Alstom SA each held 2%. - IBM Corporation, NEC Corporation and Denso Corporation each held about 1%. - Indra Sistemas S.A., Kapsch TrafficCom AG and Airbus SE each held nearly 0.4%. - Siemens AG’s mobility and smart infrastructure business provides traffic management systems, connected mobility solutions, railway automation and digital transportation platforms.

Between the lines: - The market remains fragmented because transport infrastructure is complex, regulation is heavy and software-connectivity requirements are high. - The report suggests scale alone is not enough; suppliers need partnerships, global infrastructure reach and constant product development to defend share. - Asia-Pacific’s faster growth reflects a heavier push into smart mobility, 5G-enabled vehicle communication, tolling systems and traffic management. - The U.S. growth outlook points to continued investment in smart highways, predictive traffic systems, autonomous vehicle support and logistics optimization. - The report’s company lists also show how broad the ITS ecosystem is, spanning chipmakers, distributors and end users across transportation and industrial tech.

What's next: - The report expects continued investment in cooperative intelligent transport systems, multimodal platforms, V2X infrastructure, predictive maintenance, transport asset management and mobility-as-a-service. - Market leaders are focusing on connected mobility platforms, smarter transportation monitoring, broader smart mobility infrastructure and AI-enabled analytics. - Future competition will likely hinge on regional expansion, infrastructure partnerships and the ability to integrate hardware, software and services into one platform. - The 2026 report adds market attractiveness scoring, TAM analysis, company scoring matrices, Excel forecasting dashboards, hotspot infographics and updated graphics. - More information is available in the full report and the sample request.

The bottom line: - Intelligent transport systems are moving from niche infrastructure to a mainstream city and logistics investment theme, with hardware still dominant and Asia-Pacific setting the pace for growth.