Intelligent Transportation System Market, Geographic Region Segment Outlook, Trending Technologies, Developments, Key Players and End-use Industry to 2030


 

 

 

 

Market Scenario:

The Global Intelligence Transportation System Market Size is expected to reach USD 54.59 Billion with a CAGR growth of 9.31% during the forecast period. 

 

An intelligent transportation system is a form of ground transportation application that uses communication, analysis, sensing, and control technologies to improve efficiency, mobility, and safety. The intelligent transportation system market is expected to increase in response to rising demands for improved road security, government efforts, and growing concern over various traffic congestions. Another factor driving the growth of the intelligent transportation system market is the transition of the freight industry from the unorganized to the organized sector.

 

However, the lack of appropriate infrastructure for the implementation of the intelligent transportation system market in various underdeveloped and developing countries, as well as high expenses for the security of the intelligent transportation system market revenue, are factors that will limit the market's growth over the forecast period. In addition, the growing requirement for successful deployment of connected opening doors technology in automobiles is propelling revenue growth in the intelligent transportation system market. Furthermore, the growing need for intelligent transportation systems is expected to drive significant growth in a variety of wireless applications and devices, providing a significant opportunity for key players in the global intelligent transportation system market.

 

Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2076

Segmentation:

Based on the Component, the market is segmented into Surveillance Cameras (Thermal Camera, AID cameras), Software (Visualization software, Transit management software, Video detection management, and Others), Detection and monitoring system (Automation recognition of number plate and Intelligent traffic controller), Sensor (Pedestrian presence sensor, Vehicle detection sensor, Speed sensor), Telecommunication Network (Copper Lines, Fiber optics, Wireless).

 

Based on the Application, the market is segmented into Traffic management, Road user charging, Traffic signal control, Parking management, Environment protection, Automotive Telematics, Traffic enforcement camera, Collision advance system, Road security, and safety

Commercial freight management, Public transport

 

Based on the Country/Region, the market is segmented into Europe, Africa, the Middle East, North America, South America, and the Asia Pacific.

 

Based on the Product, the market is segmented into APTS or Advanced Public Transportation Systems, ATIS or Advanced traveler information Systems, ATMS or Advanced Transportation Management Systems, ATPS or Advanced Transportation Pricing Systems

 

Competitive Outlook:

The major key players in the market are Hitachi Ltd (Japan), Siemens AG (Germany), Thales Group (France), Xerox Corporation (US), BRISA (Portugal), Kapsch Trafficcom (Austria), Q Free (Norway), Efkon AG (Austria), Roper Technologies, Inc. (US), Lanner Electronics Inc. (Taiwan), TomTom International BV (Netherlands), Denso Corporation (Japan), Savari Inc. (US), Nuance Communication Inc. (US) and Garmin Ltd (US).

Regional Analysis:

North America in the intelligent transportation system market is predicted to experience the fastest rise in industry trends. The great level of deployment of trends in this region is the reason for such rapid expansion of ITS. The United States dominates the North American ITS market since it is the most technologically advanced country. In addition, Europe is the second-fastest-growing region in the market. In addition, because of increased concerns about various traffic congestions, the Asia Pacific region is predicted to be another market for the fast-growing market size. In addition, the need to reduce injuries and improve facilities is propelling the intelligent transportation system market in countries such as India, Australia, China, Singapore, and Japan.

 

Table of Contents:

1          Executive Summary

2          Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

Continued….

Browse Full Report Details @  https://www.marketresearchfuture.com/reports/intelligent-transportation-system-market-2076

**Trending Report**

Antivirus Software Market

 

Digital Business Card Market

 

Voice Assistant Market

 

Quantum Computing Market

 

 

 

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

 

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

Popular posts from this blog

Identity as a Service Market Segments, Reliable, Efficiently Demand, Demand Status and Explosive Factors Forecast 2027, Market Research Future

Image
    Market Synopsis Market Research Future (MRFR) conducted study on the Identity as a Service Market Segments 2020 and detailed insights into the effect of COVID pandemic on the market in the report. According to MRFR analysis, the identity as a service (IDaaS) market can rise at 18.4% CAGR across the forecast period. By 2027, the identity as a service (IDaaS) market value can cross USD 10 Bn.  The growing deployment of IDaaS on largely accepted cloud platform can boost the expansion of the IDaaS market across the review period. The increase in the adoption of SaaS-based IAM offerings that allow organizations to use single sign-on (SSO) via OpenID Connect (OIDC) or Security Assertion Markup Language (SAML) for the authentication and access controls to provide secured access to enterprises' SaaS applications can promote the expansion of the world market of IDaaS.  The growing need to curb on-site infrastructure that can support a wide range of integration options can boo
Read more

Marketing Attribution Software Market Analysis, Reliable, Efficiently Opportunity, Key Vendors Trends, Opportunity and Forecast 2027, Market Research Future

Image
Market Synopsis The analysis conducted by the data experts of Market Research Future Reports informs that the Marketing Attribution Software Market Analysis is speculated to display a promising CAGR of 15.3% during the assessment period. The increasing demand for optimizing the marketing expenditure of organizations is the most significant factor influencing the global marketing attribution software market 2020. Besides, the increasing adoption of developed technologies like AI is estimated to be a substantial element driving the global market. Moreover, the need for tracking customer behaviour for targeted marketing initiatives is another significant factor leading to market growth. In addition, the software also provides insights to review ROI and gives details with respect to the lead generation. Therefore, demand is estimated to increase swiftly during the review period. However, the security threats related to sensitive data of the organizations is estimated to be a major hin
Read more

Blockchain As a Service Industry, Increase Lack Of Expertise CAGR And Forecasts To 2027 Market Research Future

Image
    Market Scenario: Market Research Future (MRFR), in its latest report on the global market for blockchain-as-a-service (BaaS) 2020, reveals factors that govern the market. The increase in the adoption of Blockchain-as-a-Service can support the expansion of the market across the analysis period. As per MRFR data, the expansion of the blockchain-as-a-service market is likely to be at 70.63% CAGR across the study period 2018–2024. The blockchain-as-a-service market value can touch USD 18,981.66 Million by 2024.  The increase in the application of Blockchain as a Service Industry solutions for financial service, banking, and insurance enterprises can bolster the expansion of the market across the analysis period. Moreover, the rise in the adoption of e-commerce organizations, retail and government entities can drive the market growth. The rise in the demand to implement BaaS solutions in supply chain management for various industries can also promote the expansion of the mark
Read more