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 Report published by Emergen Research is furnished with the latest information about product specifications and portfolio, technological advancement, product type, and manufacturing. Major factors such as revenue, costs, and gross margin are taken into consideration while formulating this report. The report provides extensive data concerning the key market players along with their SWOT analysis, financial standing, technological and product development, and recent strategic business expansion plans.
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Global Intelligent Transportation System Market – Overview:
The latest market intelligence report, titled ‘Global Intelligent Transportation System Market’, is intended to provide the target audience with the necessary information about the global Intelligent Transportation System industry. The report comprises a detailed analysis of the vital elements of the Intelligent Transportation System market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects.
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.
Competitive Landscape:
The key players in the market are adopting various strategies such as mergers and acquisitions, product launches, partnerships, collaborations and brand promotions to retain their market position and enhance their product base. The report also sheds light on the market players in the global Intelligent Transportation System Market with important details about each market player such as its global position, financial standing, production and manufacturing capacity, license agreement, and business expansion plans.
Key Companies in the market 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.
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The primary aim of the report is to offer precise information to the readers and investor and help them invest after understanding the market dynamics at glance. The report offers in depth information about the competitive landscape of the global Intelligent Transportation System Market with extensive profiling of each market player with its global position, financial standing, business expansion plans, and license agreement.
Regional Analysis:
The report sheds light on the region expected to dominate the Intelligent Transportation System market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Intelligent Transportation System market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.
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For the purpose of this report, Emergen Research has segmented into the global Intelligent Transportation System (ITS) Market on the basis of mode of transport, system, application, and region:
- Mode of Transport Outlook (Revenue, USD Billion; 2017-2027)
- Roadways
- Airways
- Railways
- Systems Outlook (Revenue, USD Billion; 2017-2027)
- Advanced Traveler Information System
- Advanced Public Transportation System
- Advanced Traffic Management System
- ITS-Enabled Transportation Pricing System
- Commercial Vehicle Operation
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Intelligent Traffic Control
- Parking Management
- Fleet Management and Asset Monitoring
- Collision Avoidance
- Passenger Information Management
- Emergency Vehicle Notification
- Ticketing Management
- Automotive Telematics
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Table of Content
Chapter 1. Methodology & Sources
1.1. Intelligent Transportation System Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Intelligent Transportation System Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Intelligent Transportation System Market Segmentation & Impact Analysis
4.1. Intelligent Transportation System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Intelligent Transportation System Market indicators analysis
4.2.2. Intelligent Transportation System Market drivers analysis
Key Questions Answered in the Report:
- What is the growth rate of the Intelligent Transportation System market? What is the anticipated market valuation of Intelligent Transportation System industry by 2028?
- What are the key growth driving and restraining factors of the Intelligent Transportation System market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Intelligent Transportation System industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Continued…
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.
