We Markets has added new key research reports covering Global Intelligent Transportation System Market. The study aims to provide global investors with a game-changing decision-making tool covering key fundamentals of the Global Market.
The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Global Intelligent Transportation System Market.
Intelligent Transportation System is referred to an application that is used to provide passengers with an innovative travel experience with the help of technology. It is aimed at facilitating safe, comfortable and hassle free travel through the smarter use of transportation channel or networks. Apart from that, these technologies can also be used to handle road emergencies like accidents due to the capability like calling the emergency numbers on time or regulate traffic and speed limits using cameras.
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.
The report primarily attempts to track the evolution of the growth path of the market 2030, and post the crisis. It also provides long-term market growth projections for a predefined period of assessment. Based on a detailed analysis of the industry’s key dynamics and segmental performance, the report offers an extensive assessment of demand, supply, and manufacturing scenarios.
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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 market 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 market.
Global Intelligent Transportation System Market- Competitive Landscape
Major players operating in global market are 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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Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Intelligent Transportation System.
- To provide insights about factors affecting the market growth. To analyze the Intelligent Transportation System based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Intelligent Transportation System.
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