Intelligent Transportation System Market Outlook, Industry Demand and Supply, Key Prospects, Pricing Strategies, Forecast and Top Manufacturers Analysis Report

Intelligent Transportation System Market
Intelligent Transportation System Market

Increasing traffic and growing population in urban areas, and the rise in the adoption of smart cities are key factors contributing to the high growth of the Intelligent Transportation System.

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 Intelligent Transportation System report also offers a thorough analysis of the key market drivers and restraints that play a vital role in influencing the growth of the industry. The report considers the currently unfolding coronavirus pandemic as one of the key influencing factors.

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Global Intelligent Transportation System Market: Competitive Outlook

With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner. Alongside describing the vast competitive landscape of the Intelligent Transportation System market, the report estimates the CAGR for the market during the projected timeframe.

Key participants 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.

The findings of the Intelligent Transportation System report explain various aspects of the market, such as market status, developmental prospects, key regional segments, renowned market players, product offerings, end-use industries.

The pandemic has impacted the market significantly by disrupting the global supply chains and demands of the industry. Moreover, the trends have changed as the world continues to grapple and adjust to the changing scenario. The report covers the impact analysis of the COVID-19 pandemic on the Intelligent Transportation System market and its crucial segments. Additionally, it offers a comprehensive current and future assessment of the impact of the pandemic.

The formulation of this report has been done through thorough primary and secondary research to offer a better understanding of the market size, market share, scope, challenges, trends, and growth prospects among the industry. The report mainly focuses on the key market regions where the market is spread, including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report further focuses on the key segments of the market, such as product types, application spectrum, technology, end-user industries, among others.

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The latest research report specializes in the in-depth analysis of the macroeconomic and microeconomic factors affecting the global Intelligent Transportation System market development. The report also concentrates on the regulatory framework that is shaping the future of the global market. New and existing pricing structures, emerging application areas, and upcoming investment opportunities have also been detailed in the report. The report encapsulates the significant effects of the coronavirus pandemic on the Intelligent Transportation System industry and its key segments. The study, therefore, inspects the grave impact of the pandemic on this industry vertical, its leading players, distribution channels, supply chains, and the overall economic landscape.

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

The report has been specially curated to offer a deep understanding of the competitive terrain of the Intelligent Transportation System global market, highlighting the leading market rivals, their market positions, product portfolios, gross revenue shares, profit margins, pricing analysis, sales network & distribution channels, and financial standing.

The report aims to answer the most common queries related to the global Intelligent Transportation System market:

  • What is the scope of innovation in the current market landscape?
  • What are the current trends dictating global market growth?
  • What is the projected value of the market in 2027?
  • Which regional market is expected to witness the highest CAGR during the forecast period?

The individual in-depth study of the prominent players of the market offers insights into their market position, geographical presence, production and manufacturing capacity, gross margin, revenue generation, and business expansion strategies. The report also offers strategic recommendations to the new players entering the market and gives them insights into how to tackle the entry-level barriers. The recommendations for the established players allows them to fortify their position in the market.

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Thank you for reading our report. Kindly get in touch with us to know more about the report or to receive a customized copy of it. Our team will ensure the report is tailored according to your needs.

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