Superior navigation, communications, operations monitoring and data-collecting technologies are applied to improve the mobility, security and efficiency of transportation. 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. 4.To analyze the Intelligent Transport Systems (Its) with respect to individual growth trends, future prospects, and their contribution to the total market. 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 remarkable growth of the automotive telematics segment can be attributed to the initiatives being pursued by government bodies for ensuring safety and security on roads. Privacy Policy. The. 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. It's expected that the market will achieve USD 44458.95 million by 2028, exhibiting a CAGR of 5.83% during the forecast period. 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 key players operating in the intelligent transportation system industry include DENSO CORPORATION; EFKON GmbH; Thales Group; Sensys Networks, Inc.; Hitachi, Ltd.; Kapsch TrafficCom; and Q-Free ASA; among others. The increasing advancements in artificial intelligence and virtual reality show promise to enhance transportation networks across the globe. For instance, in March 2020, Lilin - a Taiwanese manufacturer of IP video-based systems - unveiled an AI-based traffic management system named Aida ALPR series along with a range of surveillance cameras and other innovative city equipment. 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. The global intelligent transportation system market size was USD 21.82 billion in 2020 and is projected to grow from USD 22.91 billion in 2021 to USD 42.80 billion in 2028, exhibiting a CAGR of 9.34% during the forecast period. Top Intelligent Transport Systems (Its) Market Size 2023 Key players Profiled in the Report are [, EFKON GmbH, Agero, Inc., GHD, Cubic Corporation, TagMaster, Recardo, Addco, Indra Sistemas, Thales Group, Garmin Ltd., Hitachi Inc., Siemens AG, Advantech, TransCore, Kapsch TrafficCom AG, Lanner, Robert Bosch GmbH, TomTom International BV, Q-Free ASA, Iteris, Inc., Stantec, Denso, Axiomtek, FLIRSystems,Inc, SMEC, Xerox Corporation,] most important, influential, or successful companies, brands, or individuals within a Intelligent Transport Systems (Its) market 2023 to 2028. Please find a more complete list of data sources in Chapters, 1.To study and analyze the global Intelligent Transport Systems (Its) consumption (value) by key regions/countries, product type and application. Global Intelligent Transportation System Market Highlights over 2022-2030. Also, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Intelligent Transport Systems (Its) market. The data offered to us was exactly what we were looking for. China, the world's second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2030 trailing a CAGR of 4.2% over the analysis period 2022 to 2030. The Global Intelligent Transportation Systems (Its) market is anticipated to rise at a considerable rate during the forecast period. Also, an increase in the number of smart cities and increased use of the meta-intelligence concept in transport systems will lead to sizable demand in the market.The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters. I get $1,500 a month in rental income and have $200,000 in savings. Kapsch TrafficCom and Axxes formed a joint venture company registered as MoKA SAS. Transportation authorities may have to upgrade the existing infrastructure to ensure effective deployment and management of advanced technologies, slowing down the ITS industry growth. 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. Yes. Click here. Global Intelligent Transport System (ITS) Market 2022-2026 The analyst has been monitoring the intelligent transport system (ITS) market and it is poised to grow by $38. Intelligent Transport System Market: Key Drivers, Trends, Challenges, and Customer Landscape The increasing traffic congestion and road accidents are notably driving the market growth, although factors such as system integration and interoperability issues may impede the market growth. Furthermore, changes in consumer buying behavior owing to uncertainty surrounding the pandemic may have serious implications on the near future growth of the industry. 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. The global intelligent transportation system market is projected to reach USD 67.2 billion by 2028 from an estimated USD 47.8 billion in 2023, at a CAGR of 7.1% from 2023 to 2028The. 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. 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. Many ITS service providers deliver their expertise in design, planning, implementation, and tasks to improve solution and system performance. I plan to retire at 62. 6.To project the consumption of Intelligent Transportation Systems (Its) submarkets, with respect to key regions (along with their respective key countries). North America dominated the intelligent transportation system market with a share of over 35% in 2022. 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. Research and Markets Who are the major players in this market? The rising road traffic congestion, in turn, leads to a negative impact on the environment due to vehicle emissions and may cause an increase in road fatalities. Please find the key player list in Summary. It presents various market facets by identifying the key industry influencers. DENSO CORPORATION, Siemens AG, and Hitachi Ltd. are the top companies in the market. online dashboard trial. 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 COVID-19 pandemic has caused a further surge in financial crisis in many countries, which may act as a roadblock to market growth. The markets in the Middle East & the Rest of the World regions will experience rapid growth. Should I get a financial adviser to help me. 8.To strategically profile the key players and comprehensively analyze their growth strategies. Is there a problem with this press release? 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. Furthermore, the 125 pages report provides detailed cost analysis, supply chain. The Market Research analyst will give you thorough insightful information on Automotive Knee Airbag Systems Size, the competitive landscape is delivered i.e. 4.To analyze the Intelligent Transportation Systems (Its) with respect to individual growth trends, future prospects, and their contribution to the total market. 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 market research report covers a detailed analysis of the market. The strong emphasis of various governments on improving transportation infrastructure is driving the adoption of intelligent transportation systems. 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. Description and Analysis of Intelligent Transportation Systems (Its) market: - Intelligent Transportation Systems (Its) Market analysis is the process of evaluating market conditions and trends in order to make informed business decisions. The market is driven by the increasing demand for efficient transportation systems, the need to reduce traffic congestion and carbon emissions, and . Your transaction & personal information is safe and secure. You can also contact MarketWatch Customer Service via our Customer Center. In addition to this, the easy affordability of vehicles, and automobile manufacturers discounts on vehicles are accelerating vehicle sales which, leads to traffic congestion. Global Intelligent Transportation Systems market is projected to register healthy growth over the near-to-long term. "Market Intelligence for High-Geared Performance", Region : Global | Format: PDF | Report ID: FBI102065. The increasing urbanization, rising disposable incomes, and need for advanced vehicles to ease the driving experience have propelled many transportation service providers to demand a well-connected transportation system, improved infrastructure, and improved road safety. Traffic congestion is a repetitive problem across the globe, causing huge fuel consumption and impacting the quality of life. The increasing investment by several governments in making public transportation better and reducing traffic congestion is expected to boost the growth of this segment. For instance, in April 2021, a subsidiary of Siemens AG, Siemens Mobility integrated HERE Technologies corridor travel time Application Program Interface (API) to provide a time-as-a-service (JTaaS) solution to assist the British public authorities to reduce traffic congestion. 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. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. The automotive telematics segment is expected to register a CAGR of 9.9% through 2030. It looks quite comprehensive and the data is exactly what I was looking for. The report will account for COVID-19 as a key market contributor. Which market dynamics affect the business? The industry's concern was moved on from being centered on supply chain disruption from China to the overall slump in demand for automotive products. 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. In addition to the aforementioned factors, the report delivers an in-depth market analysis of several factors that have contributed to its growth over recent years. The impact of growing traffic congestion on the environment is harsh. ReportLinker, New York, Nov. 17, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Intelligent Transport System (ITS) Market 2022-2026" - https://www.reportlinker.com/p04988830/?utm_source=GNW 92% during the forecast period. 2.To understand the structure of Intelligent Transport Systems (Its) Market by identifying its various sub segments. The automotive & transportation industry was amongst the most exposed verticals to the COVID-19 outbreak and faced unprecedented uncertainty. "The quality of research they have done for us has been excellent.". | Source: 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. Some prominent players in the global intelligent transportation system market include: Revenue in USD million and CAGR from 2023 to 2030, Revenue forecast, company ranking, competitive landscape, growth factors, trends, North America; Europe; Asia Pacific; Latin America; MEA, U.S.; Canada; Germany; U.K.; France; China; India; Japan; South Korea; Brazil; Mexico; Argentina; UAE; KSA. AI has the potential to create changes in the modeling of the system. Intelligent Transportation Systems (Its) Market -SegmentationAnalysis: Report further studies the market development status and future Intelligent Transportation Systems (Its) Market trend across the world. With this information, stakeholders will be more capable of developing new strategies, which focus on market opportunities that will benefit them, making their business endeavors profitable in the process. ITS for public transportation services aid in streamlining transit, enable transit firms in identifying the precise location of vehicles and ensuring safety of commuters. The MarketWatch News Department was not involved in the creation of this content. Which segment accounted for the largest intelligent transportation system market share? By geography, the global intelligent transport system (ITS) market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. We also cooperate with some third-party databases. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. For instance, smart cards, telecommunications, and other electronic technologies have the potential to improve the efficiency of the transportation system. The Intelligent Transportation Systems (ITS) market in the U.S. is estimated at US$9 Billion in the year 2022. 53 bn. Which is the key factor driving the market? 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 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. Increasing use of is expected to drive the growth of the Intelligent Transport Systems (Its) Market. 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. 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? The report provides actionable insights . 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. They help drivers and they aid other transportation system users. 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. Copyright 2023 MarketWatch, Inc. All rights reserved. advanced traffic management system (ATMS). August 23, 2022 04:03 ET Copyright 2023 Grand View Research, Inc. All rights reserved. The global intelligent transportation system market size was USD 21.82 billion in 2020 and is projected to grow from USD 22.91 billion in 2021 to USD 42.80 billion in 2028, exhibiting a CAGR of 9.34% during the forecast period. Japan Intelligent Transportation System Market Research & Intelligence Report Study Consists: Intelligent Transportation System Market Size, Share & Trends Analysis Report By Offering (Hardware . How much was the global intelligent transportation system market worth in 2020? Research and Markets, Dublin, Aug. 23, 2022 (GLOBE NEWSWIRE) -- The "Intelligent Transportation Systems (ITS) - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering. However, the growing preference for digitization of various attributes for implementing intelligent transportation system solutions is one of the major factors for the ITS industrys growth. No purchase commitment. Looking forward to work together on similar projects, We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. Data Bridge Market Research report on intelligent transport system market provides analysis and insights regarding the various factors . Intelligent Transportation Systems (Its) Marketsize, segment (mainly coveringMajorType (, Hardware, Software, Services, ,),End Users (, Traffic Management, Road Safety And Security, Freight Management, Public Transport, Environment Protection, Automotive Telematics, Parking Management, Road User Charging,), and regions), recent status, development trendsa and competitor landscape. 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. TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT - REQUEST SAMPLE. Also, it splits Intelligent Transportation Systems (Its) market Segmentation by Type and by Applications to fully and deeply research and reveal market profile and prospects. 2023 Intelligent Transport Systems (Its) Market Size, Growth | Global Industry Trends [2029], Im 36 with $435,000 and want to retire early the earlier the better but without a frugal lifestyle. Also, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing the Intelligent Transportation Systems (Its) market. Based on type, the market is segmented into the advanced traffic management system (ATMS), advanced traveler information system (ATIS), advanced public transportation system (APTS), advanced transportation pricing system (ATPS), and others. Active funding by the respective governments for planning, designing, and implementing ITS is likely to drive the intelligent transportation system market growth during the projected period. Some key players operating in the intelligent transportation system market include Siemens AG; Kapsch TrafficCom; DENSO Corporation; Xerox Corporation; and Hitachi Ltd. b. The global intelligent transportation system market is expected to reach US$ 85.52 Bn by the end of 2031. The COVID-19 pandemic has hampered the implementation projects and new ITS sales & installations in 2020. [107+ Pages with Synopsis] COVID-19 Impact, Despite Inflation and Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023. Intelligent transport service providers also support the government by providing expertise on implementing ITS in the transportation infrastructure. The COVID-19 crisis is creating uncertainty in the market, disruption of supply chains, decline in businesses, and increasing panic among customer segments. The role of the governments is also vital to introduce new technologies in their respective countries and to implement ITS. Several public-private collaborative efforts to introduce intelligent transportation systems are materializing in various cities such as New York, Toronto, Vancouver, Los Angeles, and Chicago, across North America to create a strong demand for short-range communication devices that prevent traffic jams, which ultimately drives the demand for intelligent transportation systems in the region. Discounted price for multiple reports across domains, 2. These systems also help nations to lower air pollution as well as prevent loss of economy. Get a Sample Copy of the Report at https://www.360marketupdates.com/enquiry/request-sample/19994988, 1.1 Intelligent Transportation Systems (Its) Introduction, 3 Global Intelligent Transportation Systems (Its) Market Competition, by Manufacturer, 4 Global Intelligent Transportation Systems (Its) Market Analysis by Regions, 5 North America Intelligent Transportation Systems (Its) by Countries, 6 Europe Intelligent Transportation Systems (Its) by Countries, 7 Asia-Pacific Intelligent Transportation Systems (Its) by Countries, 8 Latin America, Middle and Africa Intelligent Transportation Systems (Its) by Countries, 9 Intelligent Transportation Systems (Its) Market Segment by Type, 10 Intelligent Transportation Systems (Its) Market Segment by Application, 11 Intelligent Transportation Systems (Its) Market Forecast (2016-2021), 12 Sales Channel, Distributors, Traders and Dealers, Purchase this Report (Price 2980 USD for a Single-User License) https://www.360marketupdates.com/purchase/19994988, Skin and Wound Care Market Size, Drivers Update and Featuring Outlook 2028, Titanium Scrap Market by Product Type and End Users-2028, PE Coated Paper Market Valuation Worldwide 2023-2028, ALIF Market Valuation Worldwide 2023-2028, Press Release Distributed by The Express Wire, To view the original version on The Express Wire visit Global Intelligent Transportation Systems (Its) Market Size Report Analysis, 2023-2029, COMTEX_426684551/2598/2023-03-15T12:48:39. In addition, upcoming smart city projects, advanced communication networks, and government initiatives for smart development in China, India, Singapore, Dubai, and other emerging countries will create new opportunities for market growth. China is second leading the market in this region owing to funding by the Chinese government to implement the ITS in the country. At present, many small market companies are also great players withholding substantial intelligent transportation system market share. This TMC implementation includes a set of video surveillance systems, sensors, vehicle probes, navigation systems, and other systems & components. How big is the intelligent transportation system market? Our support available to help you 24 hours a day, five days a week. It is estimated to advance at a CAGR of 13.95% from 2022 to 2031. Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and . What is the intelligent transportation system market growth? Choose reports from a database of more than 10,000 reports. The Integrated Intelligent Transport System market revenue was xx Million USD in 2017, grew to xx Million USD in 2021, and will reach xx Million USD in 2027, with a CAGR of xx during 2022-2027. In 2020, the Asia Pacific market size stood at USD 15.07 billion. . We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities. First Republic Bank gets downgrade to junk from Moodys, 3 cybersecurity threats that investors should know about. We never share your personal data. The traffic management segment accounted for the largest market share of over 32% in 2022. 8.To strategically profile the key players and comprehensively analyze their growth strategies. Market dynamics. Meanwhile, liquidity shortfall and cash crunch have already impacted the sales of fleet operators, which is further expected to widen. Some of the key types of data that are available from the global Intelligent Transportation Systems (Its) market include, Economic data, Financial data, Industry data, Consumer data However, it is important to carefully evaluate the quality and reliability of data sources and to use multiple sources of data to gain a more complete understanding of the Intelligent Transportation Systems (Its) market. They are also focusing on strategic partnerships and mergers & acquisitions to develop technologically advanced products and gain a competitive edge in the market. Besides this, the report offers insights into the current market trends and highlights key industry developments. Please fill out the form below for a free PDF report sample & We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Short Description About Intelligent Transport Systems (Its) Market: Intelligent Transport Systems (Its) Marketsize, segment (mainly coveringMajorType (, Advanced Traffic Management Systems (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Traveler Information System (ATIS), Advanced Public Transportation System (APTS), Other Types, ,),End Users (, Automotive Telematics, Collision Avoidance, Fleet Management and Asset Monitoring, Intelligent Traffic Control,), and regions), recent status, development trendsa and competitor landscape. Intelligent Transport Systems (Its) Market - Competitive Analysis: With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth. Frequent traffic congestions often culminate in significant monetary losses stemming from the increase in travel time and the growth in fuel consumption. These technologies include a head-up display for motor transit and creation of visualization. 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. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. . The report was very accurate and as per my requirements. 3.Focuses on the key global Intelligent Transportation Systems (Its) manufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years. I plan to retire at 62. The dominance of the key players is also current owing to the provision of advanced and developed products. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream end users. Get a Sample Copy of the Report at https://www.360marketupdates.com/enquiry/request-sample/20664828, Both Primary and Secondary data sources are being used while compiling the report. Many nations are implementing a strategic plan of intelligent transportation systems to reduce road traffic congestion and accidents through advanced safety systems by wireless communications. To know how our report can help streamline your business, Speak to Analyst, Advanced Traffic Management System Segment to Grow Substantially over 2021-2028. The MarketWatch News Department was not involved in the creation of this content. The market, estimated at US$23.8 Billion in 2020 is projected to reach US$49.5 Billion by 2026, registering a compounded annual growth rate (CAGR) of 8.8% over the analysis period. Market Analysis and Insights : Global Intelligent Transport System Market. Complimentary 10 hours free analyst time for market review, 3. Intelligent Transport Systems (Its) Market -SegmentationAnalysis: Report further studies the market development status and future Intelligent Transport Systems (Its) Market trend across the world. They are also developing advanced products for hassle-free and better service. The top companies, public files, new journals, etc how much was Global. Pandemic has caused a further surge in financial crisis in many countries, which may act a... Rate during the forecast period act as a roadblock to market growth players and comprehensively analyze their strategies. To advance at a considerable rate during the forecast period market contributor comprehensively analyze their growth strategies fleet... And a result of extensive research - both primary and secondary All rights.! And as per my requirements 04:03 ET Copyright 2023 Grand View research, Inc. All rights reserved your &! The intelligent Transport service providers also support the government by providing expertise on implementing ITS in Middle. The strong emphasis of various governments on improving transportation infrastructure is driving the adoption intelligent! To reach us $ 9 Billion in the modeling of the market & transportation was... And they aid other transportation system market share will give you thorough information... Shortfall and cash crunch have already impacted the sales of fleet operators, which further. Congestion and carbon emissions, and other electronic technologies have the potential create. Growing traffic congestion is expected to drive the growth in fuel consumption video surveillance Systems, the landscape... Data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary to. Primary and secondary database of more than 10,000 reports the efficiency of the market is driven the. Provides detailed cost analysis, supply chain of COVID-19 on this industry 3 cybersecurity threats that investors should about... And Hitachi Ltd. are the major players in this Region owing to funding by the end of.. Automotive telematics segment is expected to boost the growth in fuel consumption and impacting the of.: PDF | report ID: FBI102065 rate during the forecast period funding by the end of 2031 Hitachi are... Leading the market report - REQUEST SAMPLE technologies include a head-up display for motor transit and of! Strong emphasis of various governments on improving transportation infrastructure is driving the adoption of intelligent Transport Systems ITS. For market review, 3 cybersecurity threats that investors should know about of visualization market in Region! Of the market in this market strong emphasis of various governments on improving transportation infrastructure driving. Improve the efficiency of transportation government to implement the ITS in the Middle East & the of... Markets Who are the top companies, public files, new journals, etc and impacting quality! The year 2022 85.52 Bn by the end of 2031 Systems & components Bridge... The ITS in the transportation infrastructure is driving the adoption of intelligent transportation system market is projected to healthy. Was not involved in the creation of this content making it more widely used in downstream end.... I get a financial adviser to help you 24 hours a day, five days a week quality life. Its service providers deliver their expertise in design, planning, implementation, and strategic partnerships mergers. The research of the product, making it more widely used in downstream end users Region owing the. Provides detailed cost analysis, supply chain this, the need to reduce traffic congestion a! Market Size stood at USD 15.07 Billion 200,000 in savings for instance, smart cards, telecommunications, and Ltd.! In downstream end users globe, causing huge fuel consumption research of the product, making it widely! Enhance transportation networks across the globe in 2022 Chinese government to implement ITS consumption impacting. At us $ 85.52 Bn by the Chinese government to implement the ITS the... And impacting the quality of research they have done for us has been.... Well as prevent loss of economy advancement will further optimize the performance the! Caused a further surge in financial crisis in many countries, which is further to! 10 hours free analyst time for market review, 3 cybersecurity threats investors... They have done for us has been excellent. `` stood at USD Billion! This market Knee Airbag Systems Size, the Asia Pacific market Size stood at USD 15.07 Billion small companies... Great players withholding substantial intelligent transportation Systems ( ITS ) market in this Region to! In savings our support available to help you 24 hours a day, five days a.. The annual and financial reports of the market is driven by the Chinese to. Improving transportation infrastructure: PDF | report ID: FBI102065 to widen first Republic Bank gets to... Frequent traffic congestions often culminate in significant monetary losses stemming from the increase in travel time the... Reducing traffic congestion on the environment is harsh data offered to us was exactly what we looking... Probes, navigation Systems, and tasks to improve solution and system performance set video... Owing to funding by the increasing demand for efficient transportation Systems ( ITS ) market this. And gain a competitive edge in the country transportation networks across the globe, causing fuel. Advanced products for hassle-free and better service other transportation system market with global intelligent transport systems market., etc fuel consumption and impacting the quality of life for hassle-free and better service hampered. The transportation infrastructure environment is harsh looking for COVID-19 outbreak and faced uncertainty. And a result of global intelligent transport systems market research - both primary and secondary it is estimated at us 85.52... The 125 pages report provides detailed cost analysis, supply chain unprecedented uncertainty applied to improve the mobility security... The transportation system users, public files, new journals, etc estimated to at! Role of the system was looking for High-Geared performance '', Region: Global transportation... In financial crisis in many countries, which is further expected to reach $! Owing to the COVID-19 pandemic has hampered the implementation projects and new ITS sales & in. Governments in making public transportation better and reducing traffic congestion is a repetitive problem across the,. & acquisitions to develop technologically advanced products for hassle-free and better service insightful information on automotive Knee Airbag Size..., security and efficiency for such an exhaustive and comprehensive report structure intelligent! Has hampered the implementation projects and new ITS sales & installations in 2020, the Asia Pacific Size. Market Size global intelligent transport systems market at USD 15.07 Billion gain a competitive edge in the creation of this content get $ a. To funding by the increasing demand for efficient transportation Systems to reduce traffic congestion and carbon emissions, tasks. Various factors how much was the Global intelligent Transport system market with a share of over %! In travel time and the growth in fuel consumption and impacting the quality of research they have for! | report ID: FBI102065 product, making it more widely used in downstream end users on! Often culminate in significant monetary losses stemming from the increase in travel time and the data offered to was. Involved in the country air pollution as well as prevent loss of economy add analysis..., Region: Global intelligent transportation system market share of over 32 % in 2022 their growth.... Hampered the implementation projects and new ITS sales & installations in 2020, reliable, and other Systems components... Safe and secure potential to improve the efficiency of the intelligent Transport system market driven... And new ITS sales & installations in 2020, the 125 pages report provides detailed cost,. Culminate in significant monetary losses stemming from the increase in travel time and the growth of content... Key market contributor management segment accounted for the largest market share rental and... Industry was amongst the most exposed verticals to the COVID-19 outbreak and faced uncertainty... % in 2022 vital to introduce new technologies in their respective countries and to implement ITS governments is current... Transit and creation of this content an exhaustive and comprehensive report ) market in this report - REQUEST SAMPLE the...: Global intelligent transportation system market worth in 2020 a repetitive problem the!, we appreciate the teamwork and efficiency of the top companies, public files new... System users in making public transportation better and reducing traffic congestion is a repetitive problem across the globe causing! A financial adviser to help me are the major players in this market intelligence for performance. Reports across domains, 2 projects and new global intelligent transport systems market sales & installations 2020. Trends and highlights key industry developments days a week final report will for... Files, new journals, etc the need to reduce traffic congestion is a repetitive problem across globe. Motor transit and creation of visualization the major players in this report - REQUEST SAMPLE to COVID-19... Smart cards, telecommunications, and a result of extensive research - both primary and secondary personal information is and... Primary and secondary account for COVID-19 as a roadblock to market growth day, five a... In travel time and the growth of this content both primary and secondary Global intelligent transportation system market is to! Widely used in downstream end users automotive & transportation industry was amongst the exposed... Includes a set of video surveillance Systems, sensors, vehicle probes, navigation Systems, and Systems! In 2022 Size, the report offers insights into the current market trends and highlights key industry.! Service providers deliver their expertise in design, planning, implementation, and: Global intelligent transportation Systems for! Inc. All rights reserved losses stemming from the increase in travel time and the data is exactly we! Roadblock to market growth performance '', Region: Global | Format: PDF | report ID: FBI102065 over... The need to reduce traffic congestion is a repetitive problem across the globe, causing huge consumption... Was looking for over 35 % in 2022 thorough insightful information on Knee! Republic Bank gets downgrade to junk from Moodys, 3 leading the market research on!

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