The Global Intelligent Transportation System Market Report, with its deep industry analysis of the market, estimates the market size bifurcated into segments and regions. The Intelligent Transportation System market share and growth, trends estimated at the end of 2027 give a fair idea of the new opportunities coming up in the market. The detailed key player's profile and market share analysis give a better understanding of the competitors and their business strategies.
- Base Year: 2020
- Estimated Year: 2021
- Forecast Till: 2027
The report classifies the market into different segments based on type and product. These segments are studied in detail, incorporating the market estimates and forecasts at regional and country levels. The segment analysis is helpful in understanding the growth areas and potential opportunities of the market.
Get | Download FREE Sample Report of Global Intelligent Transportation System Market @ https://www.decisiondatabases.com/contact/download-sample-8800
A special section is dedicated to the analysis of the impact of the COVID-19 pandemic on the growth of the Intelligent Transportation System market. The impact is closely studied in terms of production, import, export, and supply.
The report covers the complete competitive landscape of the Worldwide Intelligent Transportation System market with company profiles of key players such as:
- Denso Corporation
- EFKON AG
- Garmin Ltd.
- Kapsch Trafficcom
- Nuance Communications
- Q-Free ASA
- Savari Inc.
- Thales Group
- TomTom International BV
- Transcore Inc.
Want to add more Company Profiles to the Report? Write your Customized Requirements to us @ https://www.decisiondatabases.com/contact/get-custom-research-8800
Intelligent Transportation System Market Analysis by System:
- Advanced Traffic Management System (ATMS)
- Advanced Traveler Information System (ATIS)
- Vehicle to Vehicle (V2V) and Vehicle to Infrastructure (V2I) Communication
- ITS-Enabled Transportation Pricing System
- Advanced Public Transportation System (APTS)
- Commercial Vehicle Operation (CVO)
Intelligent Transportation System Market Analysis by Component:
- Interface Board
- Multifunctional Board
- Vehicle Detection Board
- Communication Board
- Sensor
- Vehicle Detection Sensor
- Pedestrian Presence Sensor
- Speed Sensor
- Software
- Visualization Software
- Video Detection Management Software
- Transit Management System
- Others (Algorithms)
- Surveillance Camera
- Thermal Camera
- AID Camera
- Telecommunication Network
- Fiber Optic
- Copper Lines
- Wireless (Zigbee, Wi-Fi, Bluetooth)
- Monitoring and Detection System
- Automatic Number Plate Recognition
- Intelligent Traffic Controller
- Others
Intelligent Transportation System Market Analysis by Applications:
- Fleet Management and Asset Monitoring
- Traffic Monitoring System
- Traffic Signal Control System
- Collision Avoidance System
- Variable Traffic Message Sign
- Parking Availability System
- Traffic Enforcement Camera
- Automotive Telematics
Intelligent Transportation System Market Analysis by Geography:
- North America (USA, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, South-East Asia, Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, Peru, Chile, Rest of Latin America)
- The Middle East and Africa (Saudi Arabia, UAE, Israel, South Africa, Rest of the Middle East and Africa)
Key questions answered in the report:
- What is the expected growth of the Intelligent Transportation System market between 2022 to 2027?
- Which application and type segment holds the maximum share in the Global Intelligent Transportation System market?
- Which regional Intelligent Transportation System market shows the highest growth CAGR between 2022 to 2027?
- What are the opportunities and challenges currently faced by the Intelligent Transportation System market?
- Who are the leading market players and what are their Strengths, Weakness, Opportunities, and Threats (SWOT)?
- What business strategies are the competitors considering to stay in the Intelligent Transportation System market?
Purchase the Complete Global Intelligent Transportation System Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-8800
About Us:
DecisionDatabases.com is a global business research report provider, enriching decision-makers, and strategists with qualitative statistics. DecisionDatabases.com is proficient in providing syndicated research reports, customized research reports, company profiles, and industry databases across multiple domains. Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors. We provide intellectual, precise, and meaningful data at a lightning speed.
For more details:
DecisionDatabases.com
E-Mail: [email protected]
Phone: +91 90 28 057900
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 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.
Global Intelligent Transportation System Market Research Report: Information by Product Application (Automotive Telematics, Traffic Management, Collision Avoidance System, Road User Charging, Road Safety and Security, Traffic Signal Control, Freight Management (Commercial), Parking Management, Public Transport, Environment Protection and Traffic Enforcement Camera), Component and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025Intelligent Transportation System MarketGlobal Intelligent Transportation System Market is expected to reach US $42.6 billion in the year 2022.
Intelligent transport systems (ITS) include traffic and congestion monitoring and management systems, with an integration of traffic control centers.
Access control and route guidance systems offer a range of benefits for a city.Goods delivery companies often introduce ITS because they can optimize trips with the combination of global positioning system (GPS) technologies and existing logistics programs.
Such traffic management and control systems have significant efficiency benefits for both public and private transport.
It is expected that the market will grow at CAGR of 12.2% during the forecast period and expected to reach market size of US ~42.6 billion by the end of forecast period.Access Report Details @Intelligent Transportation System Market by Type, Growth and Forecast – 2024 | MRFRIntelligent Transportation System Market is expected to register a CAGR of 11.6% over the precast…Read on marketresearchfuture.comKey Players:Roper Technologies, Inc.(U.S.), Hitachi Ltd. (Japan), Siemens AG (Germany), Thales Group (France), Xerox Corporation (U.S.), BRISA (Portugal), Kapsch Trafficcom (Austria), Q Free (Norway), EFKON AG (Austria), Lanner Electronics Inc.(Taiwan), Denso Corporation (Japan), TomTom International BV (Netherlands), Savari Inc.(U.S.), Nuance Communications Inc.(U.S.), Garmin Ltd.(Switzerland).Market Research Analysis:Market Research Future Analysis shows that Intelligent Transportation System Market has huge opportunities in the upcoming future.
Advanced Public Transportation Systems (APTS) is also expected to witness rapid growth during the forecast period.
Intelligent Transportation System MarketThe 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.
Simultaneously, rising government initiatives such as increasing number of infrastructure development projects and smart road and highway projects escalate the market growth on the global platform.Acknowledging the exponential accruals and demand the market is enjoying currently; Market Research Future in its recently published study report asserts that the global intelligent transportation system market will accrue up to USD 42.67 Bn.
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.
For instance: travel information helps travelers to avoid jamming, promoting a better use of existing road capacity and subsequently improving traffic conditions.Intelligent Transportation System helps the driver to detect and avoid dangerous driving situations.
This system is used for improving the enforcement on roads and highways.
