Stratview Research delivers key insights on the global Intelligent transportation system Market. According to Stratview Research, the market is segmented, By Type (Advanced Traveler Information System (ATIS), Advanced Traffic Management System (ATMS), Advanced Transportation Pricing System (ATPS), Advanced Public Transportation System (APTS), Emergency Medical System (EMS)), By Mode of Transport (Roadways, Railways, Airways), and Rest of the World [Brazil, Argentina, and Others]).

Market Insights

The report suggests that the overall Intelligent transportation system Market was valued to grow from USD 27.8 billion in 2020 to USD 41.8 billion by 2026 at a CAGR of over 7.2% during the forecast period.

Market Segments' Analysis

Application Trends

The market has been classified into traffic management, road safety and security, freight management, public transport, environment protection, automotive telematics, parking management, and road tolling systems. Under these, the traffic management segment held a significant market share in 2020. 

Regional Trends

The North America held the highest market share of more than 40% in 2020 and is projected to grow at a healthy CAGR in the coming years. 

Key Players

The following are some of the key players in the Intelligent transportation system Market:

• TomTom NV (Netherlands)
• Cubic Corporation (US)
• FLIR Systems (US)
• Lanner Electronics Inc. (Taiwan)
• Denso Corporation (Japan).

FREQUENTLY ASKED QUESTIONS

The report answers several questions related to the market. The user can get to know the answers to the following questions…

-          What is the global demand for Intelligent transportation system Market in terms of revenue?

-          Which are the prominent players in the market?

-          At what CAGR is the market projected to grow within the forecast period?

-          What are the driving factors fuelling the growth of the market?

-          Which region accounted for the largest share in the market?

-          How did the Covid19 impacted the market?

-          How long will it take to recover from the Covid impact?

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