The global Intelligent Transportation System (ITS) Market is expected to reach USD 48.17 Billion by 2027, according to a new report by Emergen Research. The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for an intelligent transportation system. Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally.
The Global Intelligent Transportation System Market research report is a detailed document outlining the recent advancements and developments in the Intelligent Transportation System business sphere considering 2019 as the base year and 2020-2027 as the forecast timeline. The report offers valuable insights into the market size, market share, sales channel and distribution network, segmentation of the market, demands, and trends, and growth prospects. The report also studies the growth of the market on a global and regional scale.
To know more about the report, visit @https://www.emergenresearch.com/industry-report/intelligent-transportation-system-market
The report studies the impact of the COVID-19 pandemic on the Intelligent Transportation System market and its crucial segments. The supply chain disruptions and economic instability have negatively impacted the growth of the market in several key regions. The report offers an in-depth analysis of the market size, market share, and market growth and its estimation through the forecast years on the basis of the COVID-19 crisis. The report examines the recent COVID-19 crisis and its impact on the global market. The report explores the present and future impact of the pandemic and provides an insight into the post-pandemic market scenario.
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The report further divides the Intelligent Transportation System market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Intelligent Transportation System market.
Key companies profiled in the report include:
Thales Group, Garmin, Siemens, Tomtom International BV, Flir Systems, Inc., Q-Free, Cisco Systems, Efkon GMBH, Indra Sistemas, S.A., and Denso Corporation, among others.
For the purpose of this report, Emergen Research has segmented into the global Intelligent Transportation System (ITS) Market on the basis of mode of transport, system, application, and region:
Mode of Transport Outlook (Revenue, USD Billion; 2017-2027)
Roadways
Airways
Railways
Systems Outlook (Revenue, USD Billion; 2017-2027)
Advanced Traveler Information System
Advanced Public Transportation System
Advanced Traffic Management System
ITS-Enabled Transportation Pricing System
Commercial Vehicle Operation
Application Outlook (Revenue, USD Billion; 2017-2027)
Intelligent Traffic Control
Parking Management
Fleet Management and Asset Monitoring
Collision Avoidance
Passenger Information Management
Emergency Vehicle Notification
Ticketing Management
Automotive Telematics
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Intelligent Transportation System market?
What are the key product types and applications of the Intelligent Transportation System industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Intelligent Transportation System market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Intelligent Transportation System Market by 2027?
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