Disclaimer: This is a user generated content submitted by a member of the WriteUpCafe Community. The views and writings here reflect that of the author and not of WriteUpCafe. If you have any complaints regarding this post kindly report it to us.

Market Scenario:

The Global Intelligence Transportation System Market Size is expected to reach USD 54.59 Billion with a CAGR growth of 9.31% during the forecast period. 


An intelligent transportation system is a form of ground transportation application that uses communication, analysis, sensing, and control technologies to improve efficiency, mobility, and safety. The intelligent transportation system market is expected to increase in response to rising demands for improved road security, government efforts, and growing concern over various traffic congestions. Another factor driving the growth of the intelligent transportation system market is the transition of the freight industry from the unorganized to the organized sector.


However, the lack of appropriate infrastructure for the implementation of the intelligent transportation system market in various underdeveloped and developing countries, as well as high expenses for the security of the intelligent transportation system market revenue, are factors that will limit the market's growth over the forecast period. In addition, the growing requirement for successful deployment of connected opening doors technology in automobiles is propelling revenue growth in the intelligent transportation system market. Furthermore, the growing need for intelligent transportation systems is expected to drive significant growth in a variety of wireless applications and devices, providing a significant opportunity for key players in the global intelligent transportation system market.


Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/2076


Based on the Component, the market is segmented into Surveillance Cameras (Thermal Camera, AID cameras), Software (Visualization software, Transit management software, Video detection management, and Others), Detection and monitoring system (Automation recognition of number plate and Intelligent traffic controller), Sensor (Pedestrian presence sensor, Vehicle detection sensor, Speed sensor), Telecommunication Network (Copper Lines, Fiber optics, Wireless).


Based on the Application, the market is segmented into Traffic management, Road user charging, Traffic signal control, Parking management, Environment protection, Automotive Telematics, Traffic enforcement camera, Collision advance system, Road security, and safety

Commercial freight management, Public transport


Based on the Country/Region, the market is segmented into Europe, Africa, the Middle East, North America, South America, and the Asia Pacific.


Based on the Product, the market is segmented into APTS or Advanced Public Transportation Systems, ATIS or Advanced traveler information Systems, ATMS or Advanced Transportation Management Systems, ATPS or Advanced Transportation Pricing Systems


Competitive Outlook:

The major key players in the market are Hitachi Ltd (Japan), Siemens AG (Germany), Thales Group (France), Xerox Corporation (US), BRISA (Portugal), Kapsch Trafficcom (Austria), Q Free (Norway), Efkon AG (Austria), Roper Technologies, Inc. (US), Lanner Electronics Inc. (Taiwan), TomTom International BV (Netherlands), Denso Corporation (Japan), Savari Inc. (US), Nuance Communication Inc. (US) and Garmin Ltd (US).

Regional Analysis:

North America in the intelligent transportation system market is predicted to experience the fastest rise in industry trends. The great level of deployment of trends in this region is the reason for such rapid expansion of ITS. The United States dominates the North American ITS market since it is the most technologically advanced country. In addition, Europe is the second-fastest-growing region in the market. In addition, because of increased concerns about various traffic congestions, the Asia Pacific region is predicted to be another market for the fast-growing market size. In addition, the need to reduce injuries and improve facilities is propelling the intelligent transportation system market in countries such as India, Australia, China, Singapore, and Japan.


Table of Contents:

1          Executive Summary

2          Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure


Browse Full Report Details @  https://www.marketresearchfuture.com/reports/intelligent-transportation-system-market-2076

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.



Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com





Do you like pranali004's articles? Follow on social!


Welcome to WriteUpCafe Community

Join our community to engage with fellow bloggers and increase the visibility of your blog.
Join WriteUpCafe