'Intelligent Transportation Systems' Overview of Market Growth and Forecast from 2020-2027

 The global Intelligent Transportation System (ITS) Market is expected to reach USD 48.17 Billion by 2027, according to a new report by Emergen Research.

The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for an intelligent transportation system.

Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally.The latest research report by Emergen Research, named ‘Global Intelligent Transportation System Market - Forecast to 2027’, entails a comprehensive review of the global Intelligent Transportation System market’s present and future trends.

The study also includes significant information pertinent to the Intelligent Transportation System industry, particularly the current COVID-19 scenario.To learn more details about the Global Intelligent Transportation System Market report, visit @ https://www.emergenresearch.com/industry-report/intelligent-transportation-system-marketMarket Drivers:The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years.

The report studies the extensive business expansion plans and advancements in R activities and product portfolio.

The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market.

OverviewIntelligent Transportation System Market is expanding at a consistent pace globally.

The importance of ITS systems is bound to be very high in economically developing and backward regions as they have amplified levels of traffic volumes which need to be managed effectively to empower growth of these regions.

The drivers that are fuelling growth of the ITS sector are rising traffic congestions, renewed focus on road safety, urban planning challenges and shift of the freight industry to an organized sector.

Lack of awareness about the benefits of ITS especially in developing countries and limited research related to the sector may create limitations for ITS sector’s growth.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2076Latest Industry News:Dec 2017 Continental and Avis Budget Group announced recently that they're testing an entirely keyless rental-car system.

Currently, the pilot program is limited to a single market -- the Kansas City area in USA but is likely to roll out to additional markets in the future if the trial goes according to plan.

This particular Continental's intelligent transportation systems offering relies on Continental's Key-as-a-Service technology, which doesn't require any change to the circuitry or the underpinnings of the car itself.Dec 2017 An intelligent transport system is set to be rolled out in Nairobi which will drastically reduce the traffic jams in the city.

The report includes basic information along with advanced market statistics of the global Intelligent Transportation System (ITS) market.

Accurate information about the market dynamics along with future growth prospects are analyzed in the report.

Data experts analyze the market information and come up with detailed insights revealing operating margins, competitive landscape, key industry trends and the factors impacting the global Intelligent Transportation System (ITS) market.

Different strategies undertaken by market players in order to get a competitive advantage over their competitors and increase their global market reach are also studied comprehensively in the report.The chapter on market dynamics includes market drivers, restraints, and opportunities which help familiarize with market potential and upcoming opportunities.

The chapter on key insights includes emerging trends from major countries, latest technological advancement, regulatory landscape, SWOT analysis, and porters five forces analysis.

The chapter on competitive analysis includes profiling of leading companies in the global market to map the leading companies and their focus of interest in the market.For More Enquiry and Discount related quarries: https://www.datalibraryresearch.com/enquiry/intelligent-transportation-system-its-market-1961SegmentationThe global Intelligent Transportation System (ITS) market has been segmented on the basis of production, region, market share and so on.

Intelligent Transportation System Market – OverviewIntelligent Transportation System Market is expanding at a consistent pace globally.

The importance of ITS systems is bound to be very high in economically developing and backward regions as they have amplified levels of traffic volumes which need to be managed effectively to empower growth of these regions.

The drivers that are fuelling growth of the ITS sector are rising traffic congestions, renewed focus on road safety, urban planning challenges and shift of the freight industry to an organized sector.

Lack of awareness about the benefits of ITS especially in developing countries and limited research related to the sector may create limitations for ITS sector’s growth.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2076Latest Industry News:Dec 2017 Continental and Avis Budget Group announced recently that they’re testing an entirely keyless rental-car system.

This particular Continental’s intelligent transportation systems offering relies on Continental’s Key-as-a-Service technology, which doesn’t require any change to the circuitry or the underpinnings of the car itself.Dec 2017 An intelligent transport system is set to be rolled out in Nairobi which will drastically reduce the traffic jams in the city.

The London-based start-up has already deployed 2,500 sensors across 50 square miles of Milton Keynes with a larger roll-out expected over the coming years.Dec 2017 City planners in Bhubaneswar, India have submitted a proposal to the Centre in order to achieve considerable targets in public transport alternatives and ensure cleaner and greener environment.

Intelligent Transportation System MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Intelligent Transportation System Market.

The growth sectors of the Intelligent Transportation System Market are identified with precision for a better growth perspective.The global intelligent transportation system market is accelerating mainly due to the growing concerns for safety and the demand for the smart systems that can ease the traffic congestions.

by 2023 registering approximately 12.21% CAGR between 2016 and 2022.Lately, intelligent transportation systems have started gaining attention attributing to the concerns associated with the traffic management which is deteriorating with each day passing by, demanding adept and appropriate systems to handle the traffic scenarios efficiently and automatically.

And, as the demand augments, along with it vibrates the ITS market gaining further traction.Besides, the technological advancements transpired in the field of ITS coupled with the demand for more efficient, responsive, and unconventional safety systems are fostering the market growth, allowing accessibility and availability of the variety of automatic devices and the automatic traffic handling tools.

Also, substantial investments made by market key players into R activities are supporting the market growth of the intelligent transportation system.On the other hand, factors such as high initial investment associated with the ITS and the lack of proper infrastructure that is required for implementation of ITSs is inhibiting the growth in developing and underdeveloped economies, further restricting the growth of the global intelligent transportation system market.Intelligent Transportation System Market - Competitive LandscapeCompetitive by nature, the market is expected to witness an intensifying competition as more entrants get attracted to the market.

Intelligent Transportation System Market   - SegmentationMRFR has segmented the analysis into four key dynamics;By Product : Advanced Transportation Management Systems (ATMS), and Advanced Public Transportation Systems (APTS) among others.By Application : Automotive Telematics, Traffic Management, and Collision Avoidance System among others.

Intelligent Airways Transportation MarketThe sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Intelligent Airways Transportation Market.

The growth sectors of the Intelligent Airways Transportation Market are identified with precision for a better growth perspective.Rapid technological advancement is resulting in continuous upgrading of airport equipment to facilitate safety and efficiency of the airways.

Market Research Future (MRFR) has published a report asserting that the global intelligent airways transportation system market is marked to expand remarkably at a CAGR of 11.5% during the forecast period of 2016-2022 and reach the valuation of USD 21.5 Bn by the end of 2022 from USD 11.18 Bn in 2016.Market Drivers and Restraints:Increasing adoption of advanced technology and rapid development in artificial intelligence technology are majorly aiding in air traffic organization by maintaining the critical elements of airways transportation systems.

Increasing aircraft fleets and air traffic are inducing high demand for advanced management solutions that provide real-time data, which in turn is propelling the growth of the global intelligent airways transportation system market.Implementation of intelligent airways transportation system to enhance customer experience and security by making the travel more personalized and for timely managing of services are propelling the growth of the global intelligent airways transportation system market.

The features of intelligent airways transportation system that aid in simplifying the complexities regarding the working of airports and airways are inducing demand for advanced solutions, resulting in the expansion of the global intelligent airways transportation system market.

However, high cost of upgrades and lack of resources are some of the primary factors that are likely to restrain the growth of the global intelligent airways transportation system market during the forecast period.Market Segmentation:The global intelligent airways transportation system market has been segmented on the basis of component, deployment and technology.

The global Intelligent Transportation System (ITS) Market is expected to reach USD 48.17 Billion by 2027, according to a new report by Emergen Research.

The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for an intelligent transportation system.

Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally.The Global Intelligent Transportation System Market research study published by Emergen Research is an extensive collection of insightful information about the Intelligent Transportation System industry.

The Intelligent Transportation System market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.Get a sample of the report @https://www.emergenresearch.com/request-sample/106 Market Dynamics:The report offers insightful information about the market dynamics of the Intelligent Transportation System market.

The rise in the number of commercial and manufacturing activities will encourage market players to deploy proper asset management and monitoring systems.The advanced traffic management system held the largest market share in the ITS market.

This is due to the growing traffic congestion on roads and an increase in the affordability of vehicles.

May 09, 2019: The global intelligent transportation system (ITS) market is expected to reach USD 66.5 billion by 2024, according to a new report by Grand View Research, Inc.The usage of ITS to reduce road accidents and increase safety is a major driving force for the ITS market.Demand for Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) communication in order to enhance road safety is expected to gain momentum over the forecast period.The continuous progression and development have become a crucial need for betterment of road networks in the transportation systems.

Enhancement in vehicle transport technology such as blind spot detection and electronic toll collection has continued to redefine the current opportunity and future prospects of sustainable traffic and transport management.Download sample Copy of This Report at: https://www.radiantinsights.com/research/intelligent-transportation-system-its-market-analysis-and-segment-forecasts-to-2020/request-sample Additionally, congestion cost is a major issue for any nation in terms of fuel consumption and travel time.

ITS and connected car technology is transforming mobility and safety on highways by avoiding crashes and reducing fatalities.

As a result, there is a strong focus on deployment of advanced traffic systems and reducing the number of road accidents, which can be facilitated through ITS solutions.Further key findings from the report suggest:The ATMS is expected to remain the largest segment owing to the rising need to access real-time information captured by cameras and sensors.This system allows transport agencies to enable safe traveling by identifying and responding rapidly to the emergencies with real-time decision support tools.View summary of this report @ https://www.radiantinsights.com/research/intelligent-transportation-system-its-market-analysis-and-segment-forecasts-to-2020 Traffic management application is expected to grow at a CAGR of 12.1% from 2016 to 2024.Growing needs to minimize traffic congestion and pollution levels are boosting the need for traffic management solutions.The North America ITS industry is anticipated to reach USD 26.29 billion by 2024.

Increased government focus on passenger safety and implementation of traffic management projects and initiatives are propelling the demand for intelligent transportation system.Asia Pacific is anticipated to be the fastest-growing region, growing at a CAGR of over 15.7% from 2016 to 2024.

Increasing deployment of these systems propelled by the robust telecom and IT infrastructure has minimize transport-related issues in economy such as India.Key players in the intelligent transportation system market include Kapsch TrafficCom AG, Iteris Inc., Thales Group, TomTom NV, Garmin International Inc. and Q-Free ASA.