The Intelligent Transportation Systems Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Intelligent Transportation Systems Global Market Report 2024, The intelligent transportation systems market size has grown strongly in recent years. It will grow from $32.33 billion in 2023 to $35.52 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to traffic congestion mitigation, safety improvement measures, environmental sustainability goals, emergency response and incident management, public transportation integration, efficiency in freight and logistics, traffic signal control optimization..
The intelligent transportation systems market size is expected to see rapid growth in the next few years. It will grow to $52.23 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to rapid growth of connected vehicles, smart infrastructure investments, data analytics for traffic prediction, dynamic road pricing systems, focus on last-mile connectivity, smart mobility as a service (maas), urban air mobility integration.. Major trends in the forecast period include iot integration, advanced driver assistance systems (adas), smart parking solutions, cybersecurity measures, augmented reality (ar) in navigation, 5g connectivity, blockchain for transportation security, public-private partnerships..
An increasing number of road fatalities is expected to propel the intelligent transportation systems market. A road fatality is defined as any person killed instantly or dying within 30 days as a result of a road injury or accident. An intelligent transportation system is a system that assists drivers in avoiding accidents by detecting surrounding automobiles, motorcycles, and pedestrians and adjusting driving speed and distance from other vehicles. Additionally, rising road traffic congestion has also favored the demand for intelligent transportation systems. For instance, in August 2022, according to a report published by the National Highway Traffic Safety Administration (NHTSA), a US-based agency for the Department of Transportation, in the first quarter of 2022, 9,560 persons were killed in road accidents, this indicates a 7% increase over the 8,935 fatalities predicted for the same period in 2021. Therefore, the increasing number of road fatalities will drive the market for intelligent transportation systems.
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The intelligent transportation systems market covered in this report is segmented –
1) By Offering: Hardware, Software, Services
2) By System: Advanced Traffic Management System, Cooperative Vehicle System, Advanced Public Transportation System, Advanced Traveler Information System, Advanced Transportation Pricing Systems
3) By Application: Roadways, Aviation, Railways, Maritime
Top Major Players
Denso Corporation
EFKON GmbH
Garmin Ltd.
Thales Group
Kapsch TrafficCom AG
Product innovations have emerged as key trends gaining popularity in the intelligent transportation systems market. Major companies operating in the market are developing innovative products such as integrating the internet of things (IoT), communication technologies, precise sensors, and artificial intelligence (AI) into new products to sustain their position in the market. For instance, in January 2021, Cubic Corporation, American public transportation, and defense corporation announced the launch of UMO. UMO is a completely integrated set of platforms for customers, transit operators, and mobility service providers that helps the business expand its modern transportation technology offering. It is a versatile product suite that allows users to pay fares, plan trips across public and private modes, get points for taking public transportation, and access real-time information to enhance their mobility experience.
The intelligent transportation systems market report table of contents includes:
1. Executive Summary
2. Intelligent Transportation Systems Market Characteristics
3. Intelligent Transportation Systems Market Trends And Strategies
4. Intelligent Transportation Systems Market - Macro Economic Scenario
5. Global Intelligent Transportation Systems Market Size and Growth
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31. Global Intelligent Transportation Systems Market Competitive Benchmarking
32. Global Intelligent Transportation Systems Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Intelligent Transportation Systems Market
34. Intelligent Transportation Systems Market Future Outlook and Potential Analysis
35. Appendix
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Latest Report Published on Intelligent Transportation Systems Market - Industry Segment by growth, Applications, by Type, Regional Outlook, Demand, Share & Revenue by Manufacturers, Company Profiles, Growth Forecasts – 2025.” This Intelligent Transportation Systems Market is Segmented in two kinds based on the sort of materials and end-clients.
It has worldwide market canvassed in every one of the areas, running to that crucial market, key patterns and division investigation are covered all through Intelligent Transportation Systems market report.As far as the competitive scale is concerned, the report also enlists the information regarding the Intelligent Transportation Systems market growth tactics undertaken by the industry players, such as expansion strategies and mergers and acquisitions.
This report discusses the key drivers influencing Intelligent Transportation Systems market growth, opportunities, the challenges and the risks faced by key players and the market.Ask for Free Descriptive PDF Brochure @ https://www.crystalmarketresearch.com/report-sample/AT127858Report Scope:The study includes the profiles of key players in the Intelligent Transportation Systems market with a significant global and regional presence.
The Intelligent Transportation Systems market competition by Top Manufacturers Covers:Lanner Electronics IncKapsch TrafficCom AGIteris IncGarmin International IncHitachi LtdEFKON AGDENSO CorporationAgero IncADCCO LLCSiemens AGIntelligent Transportation Systems MarketContinue...Key Businesses Segmentation:Intelligent Transportation Systems Market, By Type, Estimates and Forecast (2016-2027)ATISATPSATMSEMSAPTSIntelligent Transportation Systems Market, By Application, Estimates and Forecast (2016-2027)Electricity Generation Traffic ManagementRoad Tolling SystemRoad Safety and SecurityParking ManagementPublic TransportEnvironment ProtectionOthersIntelligent Transportation Systems MarketThe market study by Region:North America Region (U.S, Canada, Mexico);Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe);Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific);South America Region (Brazil, Argentina, Columbia, Rest of South America);The Middle East and Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA);For better understanding - Feel Free to inquire more about 'Intelligent Transportation Systems market' @ https://www.crystalmarketresearch.com/send-an-enquiry/AT127858Following are Chapters to display the Global Intelligent Transportation Systems market:-Section 1: Represents Definition, Specifications, and Classification, Applications of Intelligent Transportation Systems, Market Segment by RegionsSection 2: To break down the Suppliers and Raw Material, Intelligent Transportation Systems Manufacturing Process, Industry Chain Structure, Manufacturing Cost StructureSection 3: To determine the Manufacturing Plants and Technical Data Analysis of Intelligent Transportation Systems, Capacity, and Commercial Production Date, R Status, Manufacturing Plants Distribution, Raw Materials Sources Analysis and Technology SourceSection 4: To demonstrate the Overall Intelligent Transportation Systems Market Analysis, Sales Analysis (Company Segment), Capacity Analysis (Company Segment), Sales Price Analysis (Company Segment)Section 5 and 6: To demonstrate the Regional Market Analysis that incorporates North America, Europe, China and Japan, Intelligent Transportation Systems Segment Market Analysis (by Type)Section 7 and 8: To break down the Segment Market Analysis (by Application) Major Manufacturers Analysis of the Intelligent Transportation Systems.Section 9: Intelligent Transportation Systems Market Trend Analysis, Regional Market Trend, Market Trend by Product Type, Market Trends by Application.Section 10: Regional Marketing Type Analysis, Supply Chain Analysis, International Trade Type Analysis by Intelligent Transportation Systems Market.Section 11: To investigate the Consumers Analysis, SWOT analysis of the Global Intelligent Transportation Systems Market.Section 12, 13, 14 and 15: To depict Intelligent Transportation Systems deals channel, wholesalers, brokers, merchants, Conclusion and Research Findings, index and information source.Grab Full Report here @ https://www.crystalmarketresearch.com/checkout/AT127858Delivery Timeline 24-48 hoursContacts Us:Crystal Market Researchwww.crystalmarketresearch.comSherry | APAC Marketing Division: Level 23-1, Premier Suite, Mont Kiara, 50480 Kuala Lumpur, MalaysiaE-mail: [email protected] | Ph: +1-888-213-4282
The new research report titled "Intelligent Transportation System Market, Global Industry Analysis, and Forecast to 2027" gives a detailed analysis and future forecasts of the market.
The report highlights the significant players, including market size, share, and demand, development.
This report further covers the latest trends, technological advancements, and growth opportunities.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the intelligent transportation system market include Affiliated Computer Services, Inc., Denso Corporation, Agero, Inc., Addco Llc, Lanner Electronics, Inc., Nuance Communications, Inc., Ricardo Plc, Sensys Networks, Inc., Telenav, Inc., Efkon AG and Thales Group.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Intelligent Transportation System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/intelligent-transportation-system-market/download-sampleMarket DynamicsThe increasing number of mega cities, the population growth and recent government initiatives on transport and traffic management, are the important driving factor for the market growth.
The intelligent transportation system market is expected to accelerate growth over the forecast timeline due to an increase in the adoption of smart transport systems by people to reduce traffic jamming problems and favorable government initiatives on smart transport infrastructure.
