The global intelligent transport system market is anticipated to grow at a CAGR of 5.6% during the forecast period (2022-2028). An intelligent transportation system is defined as an advanced application that enables to provide innovative services relating to different modes of transport and traffic management and enable users to be better informed and make safer, more coordinated, and smarter usage of transport networks. The market growth is majorly attributable to the increasing demand for smart vehicles integrated with the latest telecommunications technology as well as technical upgradation in its infrastructure such as such as blind-spot detection and electronic toll collection, and the improved safety and surveillance offered by modern cameras and license plate recognitions (LPRs). In addition to this, market growth is also attributed to the constantly rising demand for traffic control solutions.
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Scope of the Intelligent Transport System Report
The research study analyzes the Intelligent Transport System industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Intelligent Transport System Market Segmentation:
By Mode of Transport
- Roadways
- Railways
- Airways
By Deployment Mode
- Cloud
- On-Premise
By Type
- Advanced Traffic Management System (ATMS)
- Advanced Transportation Pricing System (ATPS)
- Advanced Traveler Information System (ATIS)
- Advanced Public Transportation System (APTS)
- Others
Some key players operating in the market include IBM Corp., Siemens AG, and Denso Corp., among others.
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Intelligent Transport System Market Report
- What was the Intelligent Transport System Market size in 2021 and 2027; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Intelligent Transport System Market during the forecast period (2022-2028)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
- Which manufacturer/vendor/players in the Intelligent Transport System Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Intelligent Transport System market.
- The market share of the Intelligent Transport System market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Intelligent Transport System market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Intelligent Transport System market.
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