Japan Intelligent Transportation System (ITS) Market Size, Share, and COVID-19 Impact, By Type (Advanced Traveler Information System (ATIS), Advanced Traffic Management System (ATMS), Advanced Public Transportation System (APTS), Advanced Transportation Pricing System (ATPS)), By Application (Traffic Monitoring, Collision Avoidance Systems, Fleet Management & Asset Monitoring, Traffic Signal Control Systems, Parking Availability Systems, Variable Traffic Message Signs, Traffic Enforcement Cameras), By Mode of Transport (Roadways, Railways, Airways) and Japan Intelligent Transportation System Market Insights Forecasts to 2030

Industry: Automotive & Transportation

RELEASE DATE Feb 2023

REPORT ID SI1515

PAGES 201

REPORT FORMAT

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Description Methodology

Market Overview

Japan, with a population density that ranks nearly 11th in the world and accounts for 1.6 percent of the global total, has a long-standing interest in developing intelligent transportation systems (ITS) to address traffic problems and other transportation issues. However, Japanese officials have recently begun to take a broader look at ITS. Intelligent Transportation Systems (ITS) are a critical component in the development of a Japanese advanced information and telecommunications society.

In Japan, technology such as Vehicle Information and Communication Systems (VICS) is being developed to make the ITS concept a success. Electronic Toll Collection (ETC) technology will be deployed immediately.

Through the efforts of MPT, NPA, and MOC, the Vehicle Information and Communications System (VICS) was introduced in Japan before any other country. VICS uses FM multiplex broadcasting, radiowaves, and optical beacons to provide drivers with real-time traffic information such as traffic jams. VICS offers the extra advantage of enabling the usage of variable driving patterns, depending on constantly changing traffic conditions, in contrast to standard car navigation systems, which are restricted to guiding routes to destinations exclusively. Also, toll roads cover approximately 8,530 kilometers in Japan. Collaborative research between the public and private sectors is currently underway to develop an automatic toll collection system that will be used on all toll roads in Japan.

Report Coverage

This research report categorizes Japan's Intelligent Transportation System (ITS) Market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan Intelligent Transportation System (ITS) Market. Recent market developments and competitive strategies such as market expansion, product launch, and development, partnership, merger, and acquisition have all been included to depict the market's competitive landscape. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Japan Intelligent Transportation System (ITS) Market.

Driving Factors

Several of the aspects that are expected to boost the expansion of the Japanese ITS market are the increasing number of automobiles on the road, failing infrastructure, and a lack of traffic data management. Technology will certainly play a significant role in determining the future of the intelligent transportation system industry from the application of smart technologies and various initiatives taken by both public and commercial entities.

Japan furthermore strives to improve safety, comfort, and the environment by employing the most appropriate traffic management techniques, such as signal controls, traffic information to in-vehicle units, priority to public transit vehicles, dynamic route guidance systems, commercial vehicle monitoring, better detour information, and signal control to reduce traffic pollution.

Restraining Factors

Whereas, Japan is having difficulty implementing this cutting-edge, real-time traffic management technology because it frequently necessitates the restructuring of existing infrastructure. Transportation authorities may need to improve existing infrastructure to facilitate efficient deployment and administration of sophisticated technology, going to slow Japan's ITS market growth in the region.

COVID 19 Impacts

The COVID-19 pandemic has hampered 2020 implementation projects as well as new ITS demand and installations. Although, the ITS industry asserted a substantial rise in mid-2021 as a result of increased government investment in infrastructure development activities to help the pandemic-affected economic growth.

Market Segment

In 2022, the advanced traffic management system segment is witnessing a higher growth rate over the forecast period.

Based on the type, the Japan Intelligent Transportation System (ITS) Market is segmented into advanced traveler information systems, advanced traffic management systems, advanced public transportation systems, and advanced transportation pricing systems. The advanced traffic management system segment is expected to grow at a faster rate during the forecast period. For several years, advanced traffic management system control systems have been used in Japan to address issues caused by heavy traffic flow. Currently, Japan aims to improve safety, comfort, and the environment by employing the best traffic management techniques.

In 2021, the automatic toll collection system segment is witnessing significant CAGR growth over the forecast period.

On the basis of application, the Japan Intelligent Transportation System (ITS) Market is segmented into traffic monitoring, collision avoidance systems, fleet management & asset monitoring, traffic signal control systems, parking availability systems, variable traffic message signs, traffic enforcement cameras, and other applications. Among these, the automatic toll collection system is witnessing significant CAGR growth over the forecast period. Public and private organizations are currently working together on research to develop an automatic toll collection system that will be used on all toll roads in Japan. The Ministry of Construction, four associated state enterprises, and 21 private companies collaborated on this project.

In 2022, the roadways segment is dominating the market with the largest market share of 60% over the forecast period.

According to the mode of transport, The Japan Intelligent Transportation System (ITS) Market is divided into roadways, railways, and airways. The roadways segment dominates the market with a 60% market share over the forecast period. Many logistics firms are being prompted to implement suitable asset monitoring and management systems by the rising number of commercial fleets in Japan as a result of the country's expanding industrial and e-commerce sectors. As a result of Japan's high accident death rates, the ITS market is expanding due to the widespread concern for road safety.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan Intelligent Transportation System (ITS) Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

ITS JAPAN
HITACHI LTD.
PANASONIC
IWASAKI ELECTRIC
Nippon Koei Co. Ltd.
DENSO CORPORATION
OKI ELECTRIC INDUSTRY CO., LTD.
KANAGAWA PREFECTURAL POLICE
JAPAN HIGHWAY PUBLIC CORPORATION
METROPOLITAN EXPRESSWAY PUBLIC CORPORATION
JAPAN AUTOMOBILE MANUFACTURERS ASSOCIATION, INC.

Key Target Audience

Market Players
Investors
End-users
Government Authorities
Consulting and Research Firm
Venture capitalists
Value-Added Resellers (VARs)

Recent Developments

In November 2022, Ferroviaria Italiana (RFI) signed a Framework Agreement contract with Hitachi Rail Limited to develop and implement the ERTMS digital signaling on 1,885 kilometers of the Italian rail network.

In January 2021, to create sensing and perception, Denso Corporation worked with Aeva, a producer of LiDAR and perception systems for autonomous vehicles. According to the agreement, the two businesses will produce Frequency Modulated Continuous Wave (FMCW) LiDAR that might be used to measure vehicle speed and brightness.

In January 2020, The Denso Corporation and Qualcomm Technologies are working together to create the next-generation cockpit system. This system is likely to improve the usability of in-car infotainment products.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the Japan Intelligent Transportation System (ITS) Market based on the below-mentioned segments:

Japan Intelligent Transportation System (ITS) Market, By Type