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 report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period. 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-market
Market 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&D 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. The rising demand for the Intelligent Transportation System products is expected to drive the demand for Intelligent Transportation System, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.
Key Highlights From The Report
- Roadways are considered the fastest-growing segment in the intelligent transport 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. The availability of favorable deals by the automotive manufacturers and changing lifestyle will lead to traffic congestion. This is expected to foster the segment’s demand.
- The growth in demand for driving assistance and the automatic driving system will support the demand for automotive telematics. Moreover, factors such as the need to reduce traffic on roads and an increase in government funding will propel the demand.
To get a sample copy of the Global Intelligent Transportation System Market report, visit @ https://www.emergenresearch.com/request-sample/106
Top competitors of the Intelligent Transportation System Market profiled in the report include:
- Key participants include Thales Group, Garmin, Siemens, Tomtom International BV, Flir Systems, Inc., Q-Free, Cisco Systems, Efkon GMBH, Indra Sistemas, S.A., and Denso Corporation, among others.
Highlights of the TOC:
- Report Overview
1.1 Research Scope
1.2 Key Intelligent Transportation System market segments
1.3 Major players
1.4 Market analysis by product
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Intelligent Transportation System market size
2.2 Latest Intelligent Transportation System market trends
2.3 Key growth trends - Competitive Landscape
3.1 Global Intelligent Transportation System market key players
3.2 Global Intelligent Transportation System size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Intelligent Transportation System market
3.5 Mergers, acquisitions, joint ventures, and strategic alliances
Key Objectives of the Report:
- Analysis and estimation of the Intelligent Transportation System market size and share for the projected period of 2020-2027
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Intelligent Transportation System market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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