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Global Intelligent Transportation Systems (ITS) Strategic Business Report 2024: Market to Reach $52.6 Billion by 2030 – Increasing Number of Mega Cities Favors Future Growth

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DUBLIN, Feb. 19, 2024 /PRNewswire/ — The “Intelligent Transportation Systems (ITS) – Global Strategic Business Report” report has been added to  ResearchAndMarkets.com’s offering.

Global Intelligent Transportation Systems (ITS) Market to Reach $52.6 Billion by 2030

The global market for Intelligent Transportation Systems (ITS) estimated at US$27.4 Billion in the year 2022, is projected to reach a revised size of US$52.6 Billion by 2030, growing at a CAGR of 8.5% over the analysis period 2022-2030.

Advanced Traffic Management System (ATMS), one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$19.1 Billion by the end of the analysis period. Growth in the Advanced Traveler Information System (atis) segment is estimated at 7.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.7 Billion, While China is Forecast to Grow at 12.3% CAGR

The Intelligent Transportation Systems (ITS) market in the U.S. is estimated at US$10.7 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$6.2 Billion by the year 2030 trailing a CAGR of 12.3% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.3% and 7.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.7% CAGR.

What`s New?

Special discussions on the global economic climate and market sentimentCoverage on global competitiveness and key competitor percentage market sharesMarket presence analysis across multiple geographies – Strong/Active/Niche/TrivialOnline interactive peer-to-peer collaborative bespoke updatesAccess to digital archives and research platformComplimentary updates for one yearAccess to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

MARKET OVERVIEW

From Pandemic to War & Inflation: “Gloomy Outlook for 2023 Despite Signs of Easing Inflationary Conditions”Here’s How Inflationary Pressures Affect the EconomyRussia-Ukraine War, the Primary Culprit Responsible for the HardshipsAlthough Past Peak in 2023, Efforts to Solve the Inflation Puzzle Should ContinueHere’s What’s Causing Inflationary Pressures in the Global MarketEffect of the Pandemic on Transportation IndustryCOVID-19 Necessitates Profound Changes in Travel PatternsPandemic Holds Hidden Opportunity for Intelligent Transportation SystemPandemic Creates Need for Resilient Transportation SystemCOVID-19 Brings Forth Need for Intelligent Transportation Systems amid Certain LimitationsCompetitive ScenarioSelect Innovations & AdvancementsCompetitive Market Presence – Strong/Active/Niche/Trivial for 162 Players Worldwide in 2023 (E)Intelligent Transportation System: A Cornerstone Technology for Smart TransportationITS Empowering the Real Modern Day Transport InfrastructureRationale behind Installation of ITSKey ITS Capabilities in a CapsuleEnhancing Efficiency & Economy of Transport SystemsEnsuring Safety & SecurityKey Result Areas of ITS in Ensuring Safety’ITS’ as a Means for Ensuring Better Environment QualityInternet, X Ray and DSRC: The Key ITS EnablersGlobal Market Prospects & OutlookDeveloped Markets: Traditional Revenue Contributors for ITS MarketDeveloping Markets to Turbo Charge Future Growth in the ITS MarketIntelligent Transportation Systems (ITS): An IntroductionDifferent Phases of ITS ApplicationBroad Classification of Intelligent Transportation SystemsIn Vehicle Intelligent Transportation Systems: A Complimentary ReviewRecent Market ActivitySelect Global Brands

MARKET TRENDS & DRIVERS

Market Scenario in a NutshellAs a Novel Platform Capable of Enabling Future-Proof Traffic Management, ITS Set to Widen its Addressable MarketContinued Rise in Vehicular Traffic and Need to Regulate Traffic Flow: A Business Case for ITS InvestmentsGrowing Number of Road Accidents and Need to Ensure on-Road Safety to Commuters Drives Business Case for ITSFocus on Smart Highways and Smart Roads to Enhance ITS DeploymentsGrowing Investments in Road Infrastructure DevelopmentHeightened Focus on Integrating Diverse Technologies Set to Streamline ITS LandscapePrevailing Technological Trends Fully Support Deployments of Large-Scale ITSRapid Urbanization Triggers Growth in the ITS MarketIncreasing Number of Mega Cities Favors Future GrowthMajor Global Cities Leading the Way in Deployment of Intelligent Transportation SystemsGrowing Smart City Market to Drive Demand for ITSHow Intelligent Transportation Systems Benefits Smart Cities?Capabilities to Improve Logistics Drives Adoption of ITSGrowing Emphasis on Smart Transportation Widens ProspectsSmart Parking Technologies Come to the Fore to Address Parking Related IssuesTransformational Role of IoT Expands ITS Application AreasAdvanced In-Vehicle Infotainment Systems Render Support to ITS NetworksPublic-Private Collaborations Support ITS DevelopmentGovernment Policy Vis-a-vis ITS Projects: Critical for ITS ImplementationsPrivate Sector Purchases Set to IncreaseThe Secret of Success of ITS Projects Lies in “Concept Selling”Rapidly Evolving Role of Cellular Networks in ITS: A Major Ongoing Trend5G to Widen the Role of Cellular Connectivity in ITS EcosystemDynamic Roadside Signs for Providing Information about Truck Parking Space AvailabilitySuper Intelligent Transport Systems Emerge to Redefine ITS ConceptAmalgamation of Technologies Key to Success of ITSTechnology Developers & Authorities Seek to Bring Forward Interoperability StandardsKey Objective Areas of the Common StandardsAutomated Electronic Toll Collection Makes its Way into the ITS DomainPositive Outlook for ETC Systems MarketGrowing Popularity of Road User Charging Brightens Market Prospects for ETCNeed to Avoid Lengthy Waiting Lines & Environmental Pollution at Toll Plazas Drives DemandInnovation & Market Differentiation – Key Determinants for Success of ETC ProjectsLower Operational Costs of ETC Systems Enable Increased AcceptanceSmart Cards in Demand for ETC SystemsCooperative ITS Promises to Change the Face of Urban TransportationEurope Remains at the Forefront of C-ITS Efforts WorldwideV2X Gains Notable Attention to Alleviate Traffic ConcernsConnected Vehicles Pave the Way for Wider Uptake of V2X TechnologiesV2X Technology Improves Vehicle TelematicsATMS Witness Greater AdoptionGSMA Issues Guidelines for Spectrum Considerations in ITSRoad Safety Cameras Augment ITS CapabilitiesRole of Master Plans and Common StandardsGrowing Data Volumes to Drive Use of Data Analytics in ITSUsing Open Data & Big Data to Improve ITS ServicesImplications of Open Data in Designing ITS ServicesBig Data Applications Raise Privacy Concerns in ITSProtection for ITS Vital to Prevent Cyber AttacksKey Issues to Reckon withPotential Risks & Threats to Smart Vehicles and ITS NetworksRegional Differences in ITS Services Adoption PersistPrivacy ConcernsLow Awareness Levels on Benefits of ITSMyths about Red Light Cameras Limits its Adoption

FOCUS ON SELECT PLAYERS (Total 162 Featured)

Cisco Systems, Inc.Advantech Co., Ltd.Axis Communications ABAselsan A.S.Applied Information, Inc.Activu CorporationBentley Systems, Inc.Cellint Traffic SolutionsAtkinsChina ITS (Holdings) Co., Ltd.Aptiv PLCAtlantia SpABestMile SABeijing Wanji TechnologyBusmatick Group

For more information about this report visit https://www.researchandmarkets.com/r/kv9s2

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

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Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

on

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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