In order to give readers a complete picture of the global market, the Global Intelligent Transportation System Market research places a strong emphasis on having a thorough grasp of some key variables, including size, share, sales, projected trends, supply, production, demand, industry, and CAGR. The research also emphasises the difficulties preventing market expansion and the tactics used by top businesses in the “Intelligent Transportation System Market”.
Leading companies in important regions like North America, South America, the Middle East and Africa, Asia, and the Pacific are examined in the global intelligent transportation system market research study. It provides knowledge and professional insights into important consumer trends and behaviours in the marketplace, as well as a summary of the market information and important brands. Additionally, it offers all statistics with information that is simple to understand, guiding future innovation and commercial growth for every businessman.
The global demand for intelligent transport system market was estimated at approximately USD 42,200 million in 2022 and is forecasted to generate a revenue of USD 88,790 million by the end of 2033, recording a CAGR of 10.0% during the forecast duration of 2023-2033.
An application that uses technology to offer passengers a novel travel experience is referred to as a “intelligent transportation system.” It aims to make travel safe, comfortable, and hassle-free by making better use of transportation networks or channels. Other than that, these technologies can be utilised to manage traffic-related crises like accidents thanks to the capacity to promptly dial emergency numbers or enforce traffic laws utilising cameras. Many countries are implementing this technique to shorten travel times and increase the capacity of congested or busy highways. Furthermore, large evacuations following natural or man-made disasters have demonstrated the effectiveness of intelligent transport solutions.
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Global Intelligent Transportation System Market- Segment Analysis
By Component
· Hardware
· Software
· Services
By System
· ATMS
· ATIS
· ITPS
· APTS
· CVO
By Application
• Roadways
o Parking Management
o Ticketing Management
o Passenger Information Management
o Emergency Vehicle Notification
o Fleet Management and Monitoring
o Intelligent Traffic Control
o Collision Avoidance
o Emergency Vehicle Notification
• Railways
o Smart Ticketing
o Emergency Notification
o Passenger Information Management
o Security & Surveillance
o Rail-running operation and Collision avoidance
o Others
• Aviation
o Smart Ticketing
o Shuttle Bus Tracking
o Emergency Notification
o Aircraft Management
o Traveler Information Management
o Security & Surveillance
o Others
• Maritime
o Security & Surveillance
o Passenger Information Management
o Emergency Notification
o Smart Ticketing
o Rail-running operation and collision avoidance
o Others
Global Intelligent Transportation System Market- Regional Analysis
The major regions constituting the geographical landscape of global intelligent transportation system are North America, Europe, APAC, and RoW. Among these, Asia Pacific market is projected to record notable growth over the stipulated timeline owing to the rise in the number of megacities and population expansion in nations like China, India, Japan, among others have resulted in the deployment of intelligent transport systems to regulate traffic and ensure road safety. Also, strong economic development in various countries in the region is fuelling the expansion of the APAC intelligent transportation system
Key Players Profiled-
SIEMENS AG, KAPSCH TRAFFICCOM, THALES GROUP, CONDUENT, INC., Hitachi Ltd., CUBIC CORPORATION, TOMTOM INTERNATIONAL BV, GARMIN LTD., DENSO CORPORATION, INDRA SISTEMAS, S.A., Q-FREE ASA, ITERIS, INC., DAKTRONICS, SENSYS GATSO GROUP AB, RICARDO, REDFLEX HOLDINGS, SWARCO, TRANSCORE, EFKON GMBH, LANNER ELECTRONICS, RETOOL, TRANSMAX PTY LTD., CITILOG, TELEGRA, CELLINT, and Others.
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Frequently Asked Questions About This Report
- How big is the Intelligent Transportation System?
- What is the Market growth?
- Which segment accounted for the largest Intelligent Transportation System share?
- Who are the key companies/players in the Intelligent Transportation System?
- What are the factors driving the Market?
- How has the Covid-19 pandemic affected the Intelligent Transportation System?
- What is the leading solution segment in the Market?
- What is the leading deployment segment in the Intelligent Transportation System?
- Which enterprise segment accounted for the largest revenue share in the Market?
Key Reasons to Purchase
- To gain insightful analyses of the market and have comprehensive understanding of the global Intelligent Transportation System and its commercial landscape.
- To understand the most affecting driving and restraining forces in the market and its impact in the global Intelligent Transportation System
- Learn about the market strategies that are being adopted by leading respective organizations.
- To understand the future outlook and prospects for the Intelligent Transportation System.
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