Intelligent Transportation System (ITS) market research report makes available the market insights about the business scenario with which better business strategies can be built to thrive in this industry. According to this market report, global market is supposed to witness a moderately higher growth rate during the forecast period. This renovation will mainly take place due to the actions of key players or brands like developments, product launches, joint ventures, mergers and acquisitions. This also leads to change the view of the global face of this industry. The data of this Intelligent Transportation System (ITS) report is represented with the tables, charts and graphs for better understanding.
In this market research report, a market study and overview is carried out by taking into account market drivers, market restraints, opportunities and challenges for a particular business. Geographical scope of the products is also taken into consideration methodically for the major global areas such as Asia, North America, South America, and Africa. This helps delineate strategies for the product distribution in those areas. Intelligent Transportation System (ITS) market report estimates the size of the market with respect to the information on key retailer revenues, development of the industry by upstream and downstream, industry progress, key companies, key developments, along with market segments and application. This superior Intelligent Transportation System (ITS) market report is presented with a full devotion and dedication to the clients that extend their reach to success.
Data Bridge Market Research analyses that the intelligent transportation system (ITS) market, valued at USD 28.25 billion in 2022, will reach USD 59.12 billion by 2030, growing at a CAGR of 9.67% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Driver:
Growing urbanization and population drive the market growth
The growing urbanization and population in cities have resulted in significant challenges such as traffic congestion, road accidents, and pollution. ITS solutions utilize technologies like real-time traffic monitoring, adaptive signal control, and smart routing algorithms to address these issues and optimize traffic flow and reduce congestion. Moreover, ITS promotes road safety through systems like intelligent speed control, collision avoidance, and driver assistance systems. By improving traffic management and enhancing road safety, ITS helps alleviate the negative impacts of urbanization, leading to more efficient transportation, reduced accidents, and decreased pollution levels in cities.
Some key players mentioned in the report are:
Thales (France), Siemens (Germany), Cubic Transportation Systems, Inc (U.S.), EFKON GmbH (Austria), TomTom International BV (Netherlands), Teledyne FLIR LLC (U.S.), GeoToll, Inc. (U.S.), Electricfeel (Switzerland), DENSO CORPORATION (Japan), Iteris, Inc. (U.S.), Ricardo (U.K.), TransCore (U.S.), Lanner (Taiwan), Agero, Inc. (U.S.), LOGISTEED, Ltd (Japan), Sensys Networks, Inc. (U.S.), Conduent Business Services, LLC (U.S.), Advantech Co., Ltd. (Taiwan), Clever Devices Ltd (U.S.), ETA Transit Systems, Inc. (U.S.), GMV Innovating Solutions S.L. (Spain), Moxa Inc. (Taiwan), RHYTHM ENGINEERING (U.S.), Telegroup (Serbia), Transmax Pty Ltd. (Australia), Trapeze Software ULC (Canada), 3M (U.S.)
Key Insights that Study is going to provide:
- The 360-degree Intelligent Transportation System (ITS) overview based on a global and regional level
- Market Share & Sales Revenue by Key Players & Emerging Regional Players
- A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
- May vary depending upon availability and feasibility of data with respect to Industry targeted
- Patent Analysis** No of patents / Trademark filed in recent years.
- A complete and useful guide for new market aspirants
- Forecast information will drive strategic, innovative and profitable business plans and SWOT analysis of players will pave the way for growth opportunities, risk analysis, investment feasibility and recommendations
- Various Intelligent Transportation System (ITS) industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
Key Market Segmentation:
Thales (France), Siemens (Germany), Cubic Transportation Systems, Inc (U.S.), EFKON GmbH (Austria), TomTom International BV (Netherlands), Teledyne FLIR LLC (U.S.), GeoToll, Inc. (U.S.), Electricfeel (Switzerland), DENSO CORPORATION (Japan), Iteris, Inc. (U.S.), Ricardo (U.K.), TransCore (U.S.), Lanner (Taiwan), Agero, Inc. (U.S.), LOGISTEED, Ltd (Japan), Sensys Networks, Inc. (U.S.), Conduent Business Services, LLC (U.S.), Advantech Co., Ltd. (Taiwan), Clever Devices Ltd (U.S.), ETA Transit Systems, Inc. (U.S.), GMV Innovating Solutions S.L. (Spain), Moxa Inc. (Taiwan), RHYTHM ENGINEERING (U.S.), Telegroup (Serbia), Transmax Pty Ltd. (Australia), Trapeze Software ULC (Canada), 3M (U.S.)
The countries covered in the Global Intelligent Transportation System (ITS) Market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer Landscape
Geographic Landscape
Key leading countries
Vendor Landscape
Vendor Analysis
Appendix
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