Spain Intelligent Transportation System Market Overview, 2029

Over the last decade, the Spanish Intelligent Transportation Systems (ITS) market has steadily grown. Initially focused on traffic management and traveller information systems, it has recently expanded to include a wider range of solutions. These developments include linked and self-driving vehicles (CAVs), advanced traffic management systems (ATMS), and intelligent ticketing systems. Reflecting Spain's dedication to sustainability and efficiency in the transportation sector, the industry has seen an increase in demand for environmentally friendly solutions such as smart traffic management and electric vehicle charging infrastructure. This tendency is exacerbated by increased urbanisation and the resulting increase in traffic congestion, necessitating the development of innovative solutions to improve traffic flow and safety. In recent years , significant advances have emphasised Spain's commitment to upgrading ITS technologies. In 2021, the Spanish government invested in 5G technology to enable connected automobiles. In 2022, Barcelona launched a pioneering pilot project utilising autonomous shuttle buses, reflecting the city's proactive approach to embracing cutting-edge transportation options. Furthermore, in 2023, Madrid announced ambitious plans to construct a large-scale electric vehicle charging network integrated with intelligent traffic management systems, demonstrating Spain's comprehensive approach to fostering sustainable mobility infrastructures. According to the research report "Spain Intelligent Transport System Market Overview, 2029," published by Bonafide Research, the Spain Intelligent Transport System market is projected to grow with more than 9% CAGR from 2023 to 2029. Opportunities in the Spanish ITS (Intelligent Transport Systems) sector are booming, driven by a growing emphasis on smart city programs and major upcoming events such as the Intelligent Transport Systems World Congress 2024 in Barcelona. These characteristics are expected to generate additional investment and promote innovation in the sector. Notably, trade data show a significant increase in both import and export operations for ITS components, highlighting Spain's growing involvement in the global ITS sector. Despite overall growth, drivers navigating the Spanish ITS landscape have many challenges. The most notable of them is the poor penetration of ITS infrastructure, particularly in rural and suburban areas where implementations frequently lag behind large cities such as Barcelona and Madrid. Furthermore, issues about data privacy in ITS solutions must be addressed in order to get widespread public acceptability. Furthermore, establishing seamless interoperability across different ITS components acquired from diverse manufacturers remains a constant challenge, affecting the overall efficacy and efficiency of these systems. Pricing in the Spanish ITS market varies depending on the specific solution offered. However, as the market matures and economies of scale take effect, the Average Selling Price (ASP) is expected to fall.

Comvision offers an Advanced/Highway Traffic Management System (ATMS/HTMS), a comprehensive solution leveraging cutting-edge technologies to optimise traffic flow on highways, alleviate congestion, monitor incidents, and enhance driver safety. Advanced Traveler Information Systems (ATIS) gather, analyse, and present information to aid travellers in navigating from their origin to destination. Advanced Public Transportation Systems (APTS) encompass advanced navigation and communication technologies enhancing safety, reliability, and convenience in public transportation, providing timely transit information to passengers through Information and Communication Technology (ICT) solutions. Emergency Medical Services (EMS) deliver emergency medical care to individuals with severe illnesses or injuries, commonly referred to as ambulance or paramedic services. Commercial Vehicle Operations (CVO) deploy Intelligent Transportation Systems (ITS) in trucking operations, managing freight and passenger transport and regulatory activities. Automatic Number Plate Recognition (ANPR) utilises computer vision and image processing to automatically scan and identify vehicle licence plates, employing optical character recognition (OCR) and video analytics for data capture. Modes of transportation include roadways, railways, airways, and marine routes, each presenting unique challenges and opportunities for ITS implementation. Components of ITS encompass hardware, software, and services, essential for the seamless integration and operation of intelligent transportation solutions across diverse infrastructures and environments. The Spanish government is aggressively promoting ITS development through programs established in the National Strategy for Intelligent Mobility (ENVI). This strategy outlines a variety of actions and investments aimed at increasing the adoption of intelligent transportation systems throughout the country. Furthermore, the impact of EU laws cannot be overstated, since they not only require specific safety features but also push for interoperability standards, influencing the overall trajectory of the Spanish ITS market. Spain's manufacturing base, particularly in the automotive and electronics industries, provides a solid foundation for the development of Intelligent Transport Systems (ITS) hardware. With proven competencies in these industries, Spain may use readily available resources to produce a variety of ITS components. Despite its benefits, there may still be a need for imported specialty components to suit specific requirements in ITS hardware production processes. In comparison to other European countries, Spain's ITS market is in a moderate state of development. While Germany and France have had more substantial deployments of ITS infrastructure and solutions, Spain is quickly catching up. This achievement is mostly the result of collaborative efforts by the government and business sector, who have invested in initiatives to improve transportation infrastructure throughout the country. Despite starting from behind, Spain's proactive strategy indicates that it has the capacity to close the gap with its regional peers in the near future. The government, industry associations, and individual enterprises all aggressively promote and market ITS in Spain. These organisations hold conferences, exhibitions, and focused marketing initiatives to increase awareness of ITS solutions, attract investment, and demonstrate the real benefits of implementing intelligent transportation systems. Through these initiatives, stakeholders hope to create a conducive climate for the expansion of ITS adoption across many sectors and areas in Spain. The COVID-19 epidemic initially posed issues for Spain's ITS business, disrupting the worldwide supply chain and delaying ongoing projects. However, the pandemic also acted as a catalyst, emphasising the crucial importance of efficient and resilient transportation infrastructure. As a result, there has been a renewed emphasis on ITS as a critical instrument for recovering and future-proofing transportation infrastructure. This shift in viewpoint has resulted in increasing attention and investment in ITS solutions, enabling Spain to emerge stronger from the pandemic's challenges. Considered in this report • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Prashant Tiwari

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Aspects covered in this report • Intelligent Transportation market Outlook with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Type • Advanced Traffic Management Systems (ATMS) • Advanced Traveller Information Systems (ATIS) • Advanced Transportation Pricing Systems (ATPS) • Advanced Public Transportation Systems (APTS) • Emergency Medical Systems (EMS) • Commercial Vehicle Operation (CVO) • Automatic Number Plate Recognition (ANPR) By Mode of Transportation • Roadways (Traffic management, Road safety, Parking management, Freight management, Automotive Telematics, Others (Ticketing Management, Emergency Vehicle Notification, Environment Protection, etc.) • Railways (Rail-running Operation and Collision Avoidance, Passenger Information Management, Smart Ticketing, Security Surveillance, Emergency Notification, Others) • Airways (Security & Surveillance, Shuttle Bus Tracking, Traveller Information Management, Smart Ticketing, Aircraft Management, Emergency Notification, Others) • Marine (Freight Arrival & Transit, Real-time Weather Information Tracking, Container Movement Scheduling, Emergency Notification, Others)

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By Component • Hardware (Interface Boards, Sensors, Surveillance Cameras, Telecommunication Networks, Monitoring and Detection Systems, Others (Linked traffic controller & Variable message signboard)) • Software (Visualization Software, Video Detection Management Software, Transit Management Software, Others) • Services (Business and Cloud Services and Support and Maintenance Services) The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Intelligent Transportation industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.