Market Overview
Market Research Future (MRFR) reveals multiple causes that are likely to
support the Intelligent Transportation System Market 2021 in the years to come. The expansion of intelligent transportation
system market is likely at 9.31% CAGR in the analysis period 2021 to 2030. By
2030, the intelligent transportation system market is expected to garner USD
42.67 Bn. A comprehensive analysis for intelligent transportation system market
dynamics in COVID 19 is elaborated in the report. The gradual adoption of
intelligent transportation system across the information and communications
technology sector can prompt the expansion of the Intelligent Transportation
System (ITS) Market in the years to come. The rise in number of cars and
other types of transportation has triggered the need for advanced commute
solutions. The increase in the need for effective traffic management by
increasing value of time can contribute to the ITS market rise. The
introduction of intelligent transportation system solution for e-commerce can
promote the market in years to come.
Intelligent Transportation System Market – Segments
The segment assessment of the Global Intelligent Transportation System
Market is done by component, products, and application.
The Product based segments of the global intelligent transportation
system market are Advanced Public Transportation Systems (APTS) and Advanced
Transportation Management Systems (ATMS).
The Application based segments of the intelligent transportation system
market are Traffic Management and Collision Avoidance System, and Automotive
Telematics.
The Component based segments are Software, Sensor, Surveillance Camera,
Monitoring, and Interface Board.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/2076
Intelligent Transportation System Market -
Regional Analysis
Trends of the intelligent transportation
system market is studied across North America, South America, EU, Asia Pacific,
and the ROW. North America intelligent transport system market is
expected to secure the largest share in the years to come. The intelligent
transportation system market in EU is expected to thrive at 12.83% CAGR in the
review period. In Asia Pacific, the intelligent transportation system market
value can escalate from USD 5.65 billion to USD 12.10 billion from 2016 to
2022. The market in ROW is anticipated to rise at 8.67% CAGR in forecast
period.
The regions that are developing economically
have high demand for ITS systems. The increased adoption of intelligent
transportation systems in these regions can contribute significantly to the
rise of the market in these regions. The high importance of ITS systems across
booming sectors in different regions can impact the rise of the market in these
regions. In APAC, the need to effectively manage traffic congestions can impel
the expansion of the intelligent market in the years ahead. The rise in focus on
road safety and challenges in urban planning are supporting the adoption of
intelligent transportation, especially in densely populated regions of APAC.
This can support the expansion of the intelligent transport market in the years
ahead. The growing dynamics of commute industry across organized sector can
support the expansion of the intelligent transport system market in the years
ahead. In Europe, followed by North America, the ITS market are observed to
gain high profits in the years ahead. The increased awareness about benefits of
ITS can support the regional expansion of the market in approaching
years.
Key Players
The key players of Intelligent Transportation
System are Roper Industries, Inc. (U.S), Hitachi Ltd. (Japan), Siemens AG
(Germany), Thales S.A. (France), Xerox Corporation (U.S.), BRISA (Portugal),
Kapsch AG (Austria) ¸Q-Free ASA (Norway), Efkon AG (Austria), Lanner
Electronics Inc. (Taiwan). Some of the other key players are Denso Corporation
(Japan), TomTom International BV (Netherlands), Savari Inc. (U.S.), Nuance
Communications Inc. (U.S), Garmin Ltd. (Switzerland) and others.
Browse Complete Report Here:
https://www.marketresearchfuture.com/reports/intelligent-transportation-system-market-2076
About
Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel
the complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide
the optimum quality market research and intelligence services to our clients.
Our market research studies by products, services, technologies, applications,
end users, and market players for global, regional, and country level market
segments, enable our clients to see more, know more, and do more, which help to
answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats
Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Comments
Post a Comment