The intelligent transportation system (ITS) market is expected to reach USD 68.0 billion by 2028 from USD 42.2 billion estimated in 2021, at a CAGR of 10% from 2022 to 2028. The growing number of megacities and population growth in developed and developing countries have increased the importance of implementing an intelligent transportation system (its). Its system constitutes road transport and an efficient Metropolitan / underground rail system. Its involves the renewal of general technological aspects such as GPS, Carrier Access for terrestrial mobiles (CALM), dedicated short-range communication (DSRC) etc. Globally, relevant government departments understand the importance of implementing an efficient ITS system, which is an important driver for market growth.
A full report of Intelligent Transportation System (ITS) Market is available at:https://orionmarketreports.com/intelligent-transportation-system-its-market/20690/
Company Profile
- Denso Corporation
- Agero, Inc.
- Addco Llc
- Lanner Electronics
- Nuance Communications
- Ricardo Plc
- Sensys Networks
- Telenav, Inc.
- Efkon AG
Market Segmentation
By Application
- Traffic Monitoring
- Collision Avoidance Systems
- Fleet Management & Asset Monitoring
- Traffic Signal Control Systems
- Parking Availability Systems
- Variable Traffic Message Signs
- Traffic Enforcement Cameras
By System
- Advanced Traveler Information System
- Vehicle-to-Vehicle Interaction and Vehicle-to-Infrastructure Interaction
- Advanced Traffic Management System
- Advanced Public Transportation System (APTS)
- Commercial Vehicle Operation
- ITS ‐ Enabled Transportation Pricing System
Scope of the Report
The research study analyzes the Intelligent Transportation System (ITS) Market 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
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 Transportation System (ITS) Market Report
- What was the Intelligent Transportation System (ITS) Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Intelligent Transportation System (ITS) 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 Transportation System (ITS) Market was the market leader in 2021?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
Key Benefits of Buying the Intelligent Transportation System (ITS) Market Report:
- Comprehensive analysis of the changing competitive landscape.
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies.
- The report offers an 8-year forecast and assessment of the Intelligent Transportation System (ITS)
- Helps in understanding the key product segments and their estimated growth rate.
- In-depth analysis of market drivers, restraints, trends, and opportunities.
- Comprehensive regional analysis of the Intelligent Transportation System (ITS)
- Extensive profiling of the key stakeholders of the business sphere.
- Detailed analysis of the factors influencing the growth of the Intelligent Transportation System (ITS) Market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Intelligent Transportation System (ITS) market.
- The market share of the Intelligent Transportation System (ITS) 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 Transportation System (ITS) market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Intelligent Transportation System (ITS) market.
About Us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
Media Contact:
Company Name: Orion Market Reports
Contact Person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
