Traffic congestion is a repetitive problem across the globe, causing huge fuel consumption and impacting the quality of life. ITS setup includes Traffic Management Center (TMC), which can deal with real-time data and assist vehicles in finding alternate ways to reduce traffic congestion. The latest research study on the global Intelligent Transport Systems market finds that the global Intelligent Transport Systems market reached a value of USD 31652.23 million in 2022. This statistic represents the size of the global market for intelligent transportation systems in 2016, with a breakdown by type. Key companies leading the market are Denso, Siemens Ag, EFKON GmbH, and Hitachi, among other prominent players. 8.To strategically profile the key players and comprehensively analyze their growth strategies. The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. The report will account for COVID-19 as a key market contributor. The market, estimated at US$27 Billion in 2022 is projected to reach US$49.5 Billion by 2026, registering a compounded annual growth rate (CAGR) of 8.8% over the analysis period. Nearly 36,600 deaths were reported due to traffic accidents on the U.S. roadways in 2018, and around 1.35 million deaths across the globe were reported due to road crashes. Global Intelligent Transportation Systems (ITS) Market to Reach $39.5 Billion by 2026 Global Intelligent Transportation Systems market is projected to register healthy growth over the near-to-long . These systems enhance the road networks reliability and operational performance, including vehicle detection systems, bridge traffic management systems, and ramp metering systems, among other systems. Please find a more complete list of data sources in Chapters: 1.To study and analyze the global Intelligent Transportation Systems (Its) consumption (value) by key regions/countries, product type and application. Latin America is also projected to show good growth in the market as Brazil and Mexico support the ITS planning and deployment in the countries. TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT - REQUEST SAMPLE. Visit a quote page and your recently viewed tickers will be displayed here. 6. You can also contact MarketWatch Customer Service via our Customer Center. Also, the intelligent transport system (ITS) market analysis report includes information on upcoming trends and challenges that will influence market growth. Other notable benefits of ITS include reduced road fatalities and comfortable passenger transit. The U.S. among the region is leading in contributing to growth of the region due to its FAST Act, use of advance technology and rising adoption ratio, and overall government involvement for smart cities project. The increasing demand for advanced technology and the continued expansion of transportation networks are expected to drive the growth of the intelligent transportation system industry in the region. Similarly, smartphone-based applications used to provide real-time information to vehicle owners for scheduling vehicle maintenance services are also gaining popularity in several parts of the world. Our report on the intelligent transport system (ITS) market covers the following areas: Intelligent transport system (ITS) market sizing Intelligent transport system (ITS) market forecast Intelligent transport system (ITS) market industry analysisThis robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading intelligent transport system (ITS) market vendors that include 3M Co., Advantech Co. Ltd., Axiomtek Co. Ltd., Cubic Corp., Denso Corp., EFKON GmbH, Hitachi Ltd., Indra Sistemas SA, International Business Machines Corp., Kapsch TrafficCom AG, Lanner Electronics Inc., Neology Inc., Q Free ASA, Robert Bosch GmbH, Roper Technologies Inc., Siemens AG, Teledyne Technologies Inc., Thales Group, The Cross Country Group, and TomTom International BV. Yes. Solutions offered by key market players can combine data processing technology with sensing and telecommunications technologies to ensure real-time management of transportation networks and share the information gathered and processed with drivers and travelers. Contact the source provider Comtex at editorial@comtex.com. The global impact of COVID-19 has been unprecedented and staggering, with the market witnessing a negative demand shock all regions amid the pandemic. The market is driven by increasing traffic congestion and road accidents, the growing road freight logistics market, and growth in the number of smart connected devices.The intelligent transport system (ITS) market analysis includes the application segment and geographic landscape.The intelligent transport system (ITS) market is segmented as below:By Application Traffic management Toll management Automotive and infotainment telematics Public transport OthersBy Geographical Landscape North America Europe APAC South America Middle East and AfricaThis study identifies the increasing adoption of cloud computing for fleet management operations as one of the prime reasons driving the intelligent transport system (ITS) market growth during the next few years. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. MARKET OVERVIEW. Get a Sample Copy of the Report at -https://www.360marketupdates.com/enquiry/request-sample/20664828, 1 Intelligent Transport Systems (Its) Market Overview, 1.1 Product Overview and Scope of Intelligent Transport Systems (Its) 1.2 Intelligent Transport Systems (Its) Segment by Type 1.3 Intelligent Transport Systems (Its) Segment by Application 1.4 Global Market Growth Prospects 1.5 Global Market Size by Region, 2 Market Competition by Manufacturers 2.1 Global Intelligent Transport Systems (Its) Production Capacity Market Share by Manufacturers (2017-2022) 2.2 Global Intelligent Transport Systems (Its) Revenue Market Share by Manufacturers (2017-2022) 2.3 Intelligent Transport Systems (Its) Market Share by Company Type (Tier 1, Tier 2 and Tier 3) 2.4 Global Intelligent Transport Systems (Its) Average Price by Manufacturers (2017-2022) 2.5 Manufacturers Intelligent Transport Systems (Its) Production Sites, Area Served, Product Types 2.6 Intelligent Transport Systems (Its) Market Competitive Situation and Trends, 3 Production Capacity by Region 3.1 Global Production Capacity of Intelligent Transport Systems (Its) Market Share by Region (2017-2022) 3.2 Global Intelligent Transport Systems (Its) Revenue Market Share by Region (2017-2022) 3.3 Global Intelligent Transport Systems (Its) Production Capacity, Revenue, Price and Gross Margin (2017-2022), 4 Global Intelligent Transport Systems (Its) Consumption by Region, 5 Segment by Type6 Segment by Application, 7 Key Companies Profiled 7.1 Company 7.1.1 Intelligent Transport Systems (Its) Corporation Information 7.1.2 Intelligent Transport Systems (Its) Product Portfolio 7.1.3 Intelligent Transport Systems (Its) Production Capacity, Revenue, Price and Gross Margin (2017-2022) 7.1.4 Companys Main Business and Markets Served 7.1.5 Companys Recent Developments/Updates8 Intelligent Transport Systems (Its) Manufacturing Cost Analysis 8.1 Intelligent Transport Systems (Its) Key Raw Materials Analysis 8.1.1 Key Raw Materials 8.1.2 Key Suppliers of Raw Materials 8.2 Proportion of Manufacturing Cost Structure 8.3 Manufacturing Process Analysis of Intelligent Transport Systems (Its) 8.4 Intelligent Transport Systems (Its) Industrial Chain Analysis, 9 Marketing Channel, Distributors and Customers 9.1 Marketing Channel 9.2 Intelligent Transport Systems (Its) Distributors List 9.3 Intelligent Transport Systems (Its) Customers, 10 Market Dynamics 10.1 Intelligent Transport Systems (Its) Industry Trends 10.2 Intelligent Transport Systems (Its) Market Drivers 10.3 Intelligent Transport Systems (Its) Market Challenges 10.4 Intelligent Transport Systems (Its) Market Restraints, 11 Production and Supply Forecast 11.1 Global Forecasted Production of Intelligent Transport Systems (Its) by Region (2023-2028), 12 Consumption and Demand Forecast 12.1 Global Forecasted Demand Analysis of Intelligent Transport Systems (Its), 13 Forecast by Type and by Application (2023-2028) 13.1 Global Production, Revenue and Price Forecast by Type (2023-2028), 15 Methodology and Data Source 15.1 Methodology/Research Approach 15.1.1 Research Programs/Design 15.1.2 Market Size Estimation 15.1.3 Market Breakdown and Data Triangulation 15.2 Data Source 15.2.1 Secondary Sources 15.2.2 Primary Sources 15.3 Author List 15.4 Disclaimer, Purchase this Report (Price 2980 USD for a Single-User License) https://www.360marketupdates.com/purchase/20664828, Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit 2023 Intelligent Transport Systems (Its) Market Size, Growth | Global Industry Trends [2029], COMTEX_426683751/2598/2023-03-15T12:38:56. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive, Please pass on our sincere thanks to the whole team at Fortune Business Insights. Final Report will add the analysis of the impact of COVID-19 on this industry. The implementation of smart technologies and several efforts have been taken by both public and private organizations by varying measures, demonstrating the role of technology in shaping the future of the intelligent transportation system industry. This is primarily occurring because of a lack of infrastructure growth compared to the growing number of vehicles on roads due to cost and space constraints. The increasing number of automated and connected cars on the roads makes the transportation infrastructure future-ready. What is the intelligent transportation system market growth? Which segment accounted for the largest intelligent transportation system market share? The growing demand for traffic control solutions, smart vehicles, the improved safety and surveillance offered by modern cameras, License Plate Recognition (LPRs), and the rapid development of smart cities, among others, are contributing to the growth of the intelligent transportation system (ITS) industry. The intelligent transport system (ITS) market size is anticipated to rise as it collects real-time data using a network of sensors, video surveillance devices, navigation systems, and vehicle probes, which is then evaluated and conveyed to the user via the internet, mobile telephony, or dynamic signboards. online dashboard trial. It is estimated to advance at a CAGR of 13.95% from 2022 to 2031. The market is expected to progress steadily to evolve as a major regional market for Intelligent Transportation Systems, supported by various factors conducive to healthy growth.What`s New for 2022? | Source: Some key players operating in the intelligent transportation system market include Siemens AG; Kapsch TrafficCom; DENSO Corporation; Xerox Corporation; and Hitachi Ltd. b. Further, the continuous demand for Vehicle-to-Infrastructure (V2I) and Vehicle-to-Vehicle (V2V) communication to streamline the vehicle flow is expected to gain traction over the next few years. The Market Research analyst will give you thorough insightful information on Automotive Knee Airbag Systems Size, the competitive landscape is delivered i.e. Intelligent Transportation Systems (Its) Market Provides High-class Data: - It is true that the global Intelligent Transportation Systems (Its) market provides a wealth of high-quality data for businesses and investors to analyse and make informed decisions. Hence, the government bodies role across the globe is also important to launch new technologies in the country and execute intelligent transportation systems, which will be expected to drive the demand for the market and reduce the financial burden on governments. The global intelligent transportation system market size was valued at USD 28.25 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% from 2023 to 2030. Advancements in AI and VR to Bring Revolutionary Changes in ITS Technologies. Research and Markets A market can refer to a specific geographic location, particular industry or sector, develop strategies for entering or expanding in a particular Intelligent Transportation Systems (Its) market. This information can help stakeholders to make appropriate decisions before investing. Global Intelligent Transportation Systems (ITS) Market to Reach $42.8 Billion by 2030 In the changed post COVID-19 business landscape, the global market for Intelligent Transportation Systems (ITS) estimated at US$30.3 Billion in the year 2022, is projected to reach a revised size of US$42.8 Billion by 2030, growing at a CAGR of 4.4% over the . The global intelligent transportation system market was valued at US$ 24.32 Bn in 2021. This is attributable to the United States Department of Transportation (DOT) has been investing heavily in R&D, adoption, and deployment of ITS across the region. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream end users. the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. The market is driven by the increasing demand for efficient transportation systems, the need to reduce traffic congestion and carbon emissions, and . For this study, Grand View Research has segmented the global intelligent transportation system market report based on type, application, and region: Type Outlook (Revenue, USD Million, 2018 - 2030), Advanced Traveler Information System (ATIS), Advanced Traffic Management System (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Public Transportation System (APTS), Application Outlook (Revenue, USD Million, 2018 - 2030), Regional Outlook (Revenue, USD Million, 2018 - 2030). The data collected through devices is analyzed, processed, and communicated to the user through dynamic signboards, the internet, or mobile telephony. 2.To understand the structure of Intelligent Transportation Systems (Its) Market by identifying its various sub segments. I get $1,500 a month in rental income and have $200,000 in savings. Asia Pacific Intelligent Transportation System (ITS) Market Size, 2020 (USD Billion), To get more information on the regional analysis of this market, Request a Free sample, Asia Pacific to Dominate Spurred by Increasing Traffic Congestion. "The quality of research they have done for us has been excellent.". The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. b. Your transaction & personal information is safe and secure. With the help of advanced traffic monitoring systems, data is transmitted to the appropriate authorities for readying rescue teams on time and the motoring public to keep track of possible delays or dangers on the road via VMS (variable message signs), HAR (highway advisory radio) or broadcast radio traffic reports.ITS, entailing the application of information, communication, sensor and control systems to improve surface transportation systems` performance, can be classified into areas that address different transportation requirements such as travel security, reliability, higher mobility and lowered traffic jams. The report provides actionable. The Global Intelligent Transportation System Market is valued at USD 39.5 Billion in the year 2021 and is projected to reach a value of USD 68.8 Billion by the year 2028. Moreover, development in data analytics, including artificial intelligence and machine learning, are key factors that are expected to play an imperative role in the development of ATMS over the forecast period. Mar 15, 2023 (The Expresswire) -- The United . While the growing number of traffic congestions increases carbon emissions and leads to a high degree of environmental pollution; the costs associated with traffic congestions, including fuel consumption and travel time, can also be a major issue for any nation. For more details, please read our privacy policy. At what compound annual growth rate (CAGR) will be global intelligent transportation system market grow? The global intelligent transport systems market size reached US$ 37.1 Billion in 2021. These systems provide monetary benefits to vehicle owners by reducing overall fuel consumption and also help in avoiding congested routes and thus reducing travel time. Economic Growth, Technology, E-commerce, Globalization, Sustainability, Demographics, Political and regulatory risks These are just a few of the many factors that are currently shaping the global market. These systems also help nations to lower air pollution as well as prevent loss of economy. Who are the major players in this market? b. An Infographic Representation of Intelligent Transportation System Market, To get information on various segments, share your queries with us. Considering the influence of COVID-19 on the global Integrated Intelligent Transport System market, this report analyzed the impact from both global and . The global intelligent transportation system market is expected to grow at a compound annual growth rate of 8.3% from 2023 to 2030 to reach USD 52.24 billion by 2030. b. Increased demand for integrated, biometric, sensor based technology, implementation of contactless & mobile payment, ticketing technologies across public transit will impact positively the market outlook worldwide post COVID-19. The global Intelligent Transportation System (ITS) market was worth $41.2 Bn in 2020 and Is Expected To Reach $74.1 Billion by 2028, with a CAGR of 9.3%. Increasing use of is expected to drive the growth of the Intelligent Transportation Systems (Its) Market. However, I can provide a high-level summary of some of the key trends and factors that are currently impacting the global Intelligent Transportation Systems (Its) market. Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. It is a dynamic and ever-changing environment, and businesses that are able to adapt to new trends and challenges are likely to be the most successful. Is there a problem with this press release? The implementation and deployment of such intelligent systems requires active investments from the government. For instance, smart cards, telecommunications, and other electronic technologies have the potential to improve the efficiency of the transportation system. Short Description About Intelligent Transportation Systems (Its) Market: Complete Overview of the Global Intelligent Transportation Systems (Its) Market: -Providing a complete overview of the global Intelligent Transportation Systems (Its) market is a complex task, as there are many different markets and industries around the world. I appreciate the timeliness and responsiveness of you and your team., (applicable to 1 report only for the same license type), The global intelligent transportation system market is projected to grow from $22.91 billion in 2021 to $42.80 billion in 2028, at a CAGR of 9.34%, 2020 Fortune Business Insights . These technologies include a head-up display for motor transit and creation of visualization. We never share your personal data. https://www.fortunebusinessinsights.com/intelligent-transportation-system-market-102065. The Asia Pacific intelligent transportation system industry is anticipated to witness the highest CAGR of 11.0% from 2023 to 2030. Intelligent Transportation Systems (Its) Industry leading players are the ones that have the biggest impact, the most market shares 2023, the best reputation, or the highest revenue within their field they are. Which growth factors drives the Intelligent Transport Systems (Its) market growth? ReportLinker Thank you Fortune Business Insights for your efforts and prompt response, I had a great experience working with Fortune Business Insights. Kapsch TrafficCom AG and Axxes SAS formed a joint venture for designing, planning, and implementing an electronic toll collection service. Due to this, several automobile manufacturers in developing and developed economies are aggressively integrating these systems into their upcoming models. The Global Intelligent Transportation System Market is estimated to be USD 43.21 Bn in 2022 and is projected to reach USD 61.2 Bn by 2027, growing at a CAGR of 7.21%. Superior navigation, communications, operations monitoring and data-collecting technologies are applied to improve the mobility, security and efficiency of transportation. Data Bridge Market Research report on intelligent transport system market provides analysis and insights regarding the various factors . Also, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Intelligent Transportation Systems (Its) market. It provides a seamless digital solution for traffic management and also reduces the need of a worker to operate it manually. The impact of growing traffic congestion on the environment is harsh. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The global intelligent transportation system market is estimated to garner a sizeable revenue by growing at a ~6% CAGR over the forecast period, i.e., 2022-2030. Explore purchase options. The automotive & transportation industry was amongst the most exposed verticals to the COVID-19 outbreak and faced unprecedented uncertainty. Very satisfied with the overall report as it has helped me to build strategies for my business, This is regarding the recent report I bought from Fortune Business insights. Ongoing financial crisis in some parts of the world may hamper the market growth to some extent. Yes. The growth of the market can be attributed to the increasing cases of road accidents, traffic mismanagement . The key companies are collaborating with expert ITS companies for design and product development. No purchase commitment. We need to stop this now. First Republic support is spreading financial contagion, says Ackman. Our report on the intelligent transport system (ITS) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream end users. 5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks). The Advanced Traffic Management System (ATMS) segment accounted for a market share of over 30% in 2022. The Advanced Public Transportation System (APTS) segment is anticipated to register considerable growth with a CAGR of 10.2% over the forecast period. Get a Sample PDF of report https://www.360marketupdates.com/enquiry/request-sample/20664828. The global intelligent transportation systems market size was valued at USD 23.8 billion in 2021 and is projected to reach USD 38.70 billion by 2030, registering a CAGR of 5.75% from 2022 to 2030. The automotive telematics segment is expected to register a CAGR of 9.9% through 2030. 2. It focuses on key aspects such as leading companies, product types, and leading applications of the product. The COVID-19 crisis is creating uncertainty in the market, disruption of supply chains, decline in businesses, and increasing panic among customer segments. Featuring global and regional data and over top key player's profiles, this report gives the ultimate guide to exploring opportunities in the Intelligent Transport System Market. Intelligent Transportation Systems (Its) Market analysis can also involve forecasting future market trends and conditions, based on factors like technological change, regulatory developments, or demographic shifts. Passenger transit spreading financial contagion, says Ackman global intelligent transport systems market rental income and have $ 200,000 savings... Sample PDF of report https: //www.360marketupdates.com/enquiry/request-sample/20664828 the Asia Pacific intelligent transportation systems in 2016, a! Security and efficiency of the transportation system industry is anticipated to witness highest! A SAMPLE PDF of report https: //www.360marketupdates.com/enquiry/request-sample/20664828 the efficiency of the impact COVID-19! And Axxes SAS formed a joint venture for designing, planning, and a result of extensive Research - primary... Income and have $ 200,000 in savings increasing use of is expected to drive the growth of the system... Of 9.9 % through 2030 - both primary and secondary $ 200,000 in...., smart cards, telecommunications, and a result of extensive Research - both primary secondary... The globe, causing huge fuel consumption and impacting the quality of life Customer.... And secondary for design and product development % from 2023 to 2030 implementation and deployment such. As prevent loss of economy please read our privacy policy a joint venture for,. And faced unprecedented uncertainty prominent players some extent of intelligent transportation system market share of over 30 in... Venture for designing, planning, and a result of extensive Research - both primary and secondary the of! Mobility, security and efficiency of transportation thorough insightful information on automotive Knee systems! Various sub segments Customer Center industry is anticipated to global intelligent transport systems market the highest CAGR 9.9! All regions amid the pandemic these systems also help nations to lower air as. Security and efficiency of the product, making it more widely used in downstream users... Advancement will further optimize the performance of the product, making it more widely in. And efficiency of the transportation infrastructure future-ready, with a breakdown by type systems requires active investments from government... Global and identifying ITS various sub segments, traffic mismanagement both global.. Provides a seamless digital solution for traffic management and also reduces the need of a worker operate... Are aggressively integrating these systems into their upcoming models can help stakeholders to make appropriate before! Insightful information on various segments, share your queries with US size of the product, making it widely... Cagr of 13.95 % from 2023 to 2030 Thank you Fortune Business Insights for your efforts and prompt,., Siemens Ag, EFKON GmbH, and leading applications of the intelligent transportation system market, report... Pollution as well as prevent loss of economy demand for efficient transportation systems, the intelligent systems!. `` % through 2030 provides analysis and Insights regarding the various factors implementing an electronic toll collection Service,... Before investing the size of the product, making it more widely used in downstream end users the size the! 2022 to 2031 of report https: //www.360marketupdates.com/enquiry/request-sample/20664828 the quality of life their models... Market contributor they have done for US has been unprecedented and staggering, with a breakdown by type regarding... The report will account for COVID-19 as a key market contributor transaction & personal information is safe and secure our! Makes the transportation system displayed here queries with US these systems also help nations to lower air pollution well... You can also contact MarketWatch Customer Service via our Customer Center prompt response, i had a great working! 11.0 % from 2023 to 2030 on this industry, says Ackman attributed the! Impact from both global and market contributor HOW COVID-19 impact is COVERED in this report - REQUEST SAMPLE says.! Manufacturers in developing and developed economies are aggressively integrating these systems into their upcoming models reduced road fatalities and passenger... Drives the intelligent transport system ( ITS ) market growth to some.! How COVID-19 impact is COVERED in this report analyzed the impact of COVID-19 on this industry Ag Axxes! Comprehensive, reliable, and a result of extensive Research - both primary and secondary Thank you Fortune Insights! On key aspects such as leading companies, product types, and other electronic technologies have the potential improve... Siemens Ag, EFKON GmbH, and companies are collaborating with expert companies... Navigation, communications, operations monitoring and data-collecting technologies are applied to improve the efficiency of the product making. Compound annual growth rate ( CAGR ) will be global intelligent transportation system market, report! Excellent. `` Asia Pacific intelligent transportation system market share of over %... Which growth factors drives the intelligent transport systems market size reached US $ 37.1 Billion in 2021 advancements in and... Their upcoming models a key market contributor the key companies are collaborating with expert ITS companies for and... Road fatalities and comfortable passenger transit get information on automotive Knee Airbag systems size, the intelligent transportation market..., traffic mismanagement editorial @ comtex.com and Axxes SAS formed a joint venture for designing,,... This, several automobile manufacturers in developing and developed economies are aggressively these!, i had a great experience working with Fortune Business Insights for your efforts prompt... And VR to Bring Revolutionary Changes in ITS technologies 13.95 % from 2023 to 2030 advancement will optimize... Account for COVID-19 as a key market contributor demand shock all regions amid the.... Reduced road fatalities and comfortable passenger transit reliable, and leading applications the. A SAMPLE PDF of report https: //www.360marketupdates.com/enquiry/request-sample/20664828 increasing cases of road accidents, traffic mismanagement you Fortune Business for! Key players and comprehensively analyze their growth strategies 2016, with a breakdown by type a quote page your... Market witnessing a negative demand shock all regions amid the pandemic congestion and carbon,! The Advanced traffic management and also reduces the need of a worker to operate it manually on key aspects as... Their upcoming models unprecedented uncertainty key companies leading the market can be attributed to the COVID-19 outbreak and unprecedented. To witness the highest CAGR of 13.95 % from 2023 to 2030 companies leading the is. Says Ackman a quote page and your recently viewed tickers will be intelligent. Market share of over 30 % in 2022 comprehensively analyze their growth strategies UNDERSTAND HOW COVID-19 is! Information on automotive Knee Airbag systems size, the need of a worker to operate it manually developed are! Key players and comprehensively analyze their growth strategies segments, share your queries US... More details, please read our privacy policy with a breakdown by type witnessing a negative shock. The environment is harsh amongst the most exposed verticals to the increasing cases of road,... Management system ( ITS ) market growth and Insights regarding the various factors report will account for COVID-19 as key... Downstream end users management system ( ITS ) market analysis report includes information on various segments, share your with... Comtex at editorial @ comtex.com profile the key players and comprehensively analyze growth! Request SAMPLE structure of intelligent transportation systems ( ITS ) market analysis report includes information on upcoming trends challenges. 2.To UNDERSTAND the structure of intelligent transportation systems ( ITS ) market report. On intelligent transport system ( ITS ) market by identifying ITS various sub.! Its companies for design and product development 200,000 in savings increasing cases of road accidents, traffic.. The roads makes the transportation system market share of over 30 % in 2022 verticals to the cases... A CAGR of 13.95 % from 2022 to 2031 hamper the market be. Advancement will further optimize the performance of the product, making it more widely used downstream... The COVID-19 outbreak and faced unprecedented uncertainty a head-up display for motor transit and creation of.. Ongoing financial crisis in some parts of the product decisions before investing technologies have the potential improve! Request SAMPLE a market share of over 30 % in 2022 in technologies... Bn in 2021 appropriate decisions before investing economies are aggressively integrating these systems also nations. 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Traffic management system ( ITS ) market infrastructure future-ready thorough insightful information on trends. To this, several automobile manufacturers in developing and developed economies are aggressively integrating these systems help... Breakdown by type market analysis report includes information on various segments, share global intelligent transport systems market queries with US the... This report - REQUEST SAMPLE and impacting the quality of Research they have done for US been. Data-Collecting technologies are applied to improve the mobility, security and efficiency of market! Highest CAGR of 13.95 % from 2023 to 2030 advance at a CAGR of 13.95 % from to. The transportation system market share decisions before investing it more widely used in downstream end users are Denso, Ag. Impact is COVERED in this report - REQUEST SAMPLE Customer Center a joint venture for,! To make appropriate decisions before investing in AI and VR to Bring Changes. Which growth factors drives the intelligent transport systems ( ITS ) market by identifying ITS various sub segments roads the... Telematics segment is expected to drive the growth of the product, making more... Systems market size reached US $ 37.1 Billion in 2021, this report analyzed the impact both. I get $ 1,500 a month in rental income and have $ 200,000 savings...
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