The recent report on “Global Intelligent Transportation System Market” offered by We Markets, comprises of a comprehensive investigation into the geographical landscape, industry size along with the revenue estimation of the business. Additionally, the report also highlights the challenges impeding market growth and expansion strategies employed by leading companies in the “Intelligent Transportation System Market”.
Intelligent Transportation System is referred to an application that is used to provide passengers with an innovative travel experience with the help of technology. It is aimed at facilitating safe, comfortable and hassle free travel through the smarter use of transportation channel or networks. Apart from that, these technologies can also be used to handle road emergencies like accidents due to the capability like calling the emergency numbers on time or regulate traffic and speed limits using cameras. This system is being adopted in several nations in order to reduce journey time and increasing the capacity of crowded or busy roads. Furthermore, intelligent transport technologies have also shown efficacy during mass evacuations in case of natural or man- made disasters.
The global demand for intelligent transport system market was estimated at approximately USD 42,200 million in 2022 and is forecasted to generate a revenue of USD 88,790 million by the end of 2033, recording a CAGR of 10.0% during the forecast duration of 2023-2033.
An exhaustive competition analysis that covers insightful data on industry leaders is intended to help potential market entrants and existing players in competition with the right direction to arrive at their decisions. Market structure analysis discusses in detail Intelligent Transportation System Industry companies with their profiles, revenue shares in market, comprehensive portfolio of their offerings, networking and distribution strategies, regional market footprints, and much more.
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Global Intelligent Transportation System Market- Segment Analysis
By Component
Hardware
Software
Services
By System
ATMS
ATIS
ITPS
APTS
CVO
By Application
Roadways
o Parking Management
o Ticketing Management
o Passenger Information Management
o Emergency Vehicle Notification
o Fleet Management and Monitoring
o Intelligent Traffic Control
o Collision Avoidance
o Emergency Vehicle Notification
Railways
o Smart Ticketing
o Emergency Notification
o Passenger Information Management
o Security & Surveillance
o Rail-running operation and Collision avoidance
o Others
Aviation
o Smart Ticketing
o Shuttle Bus Tracking
o Emergency Notification
o Aircraft Management
o Traveler Information Management
o Security & Surveillance
o Others
Maritime
o Security & Surveillance
o Passenger Information Management
o Emergency Notification
o Smart Ticketing
o Rail-running operation and collision avoidance
o Others
Global Intelligent Transportation System Market- Competitive Landscape
Major players operating in global intelligent transportation system market are SIEMENS AG, KAPSCH TRAFFICCOM, THALES GROUP, CONDUENT, INC., Hitachi Ltd., CUBIC CORPORATION, TOMTOM INTERNATIONAL BV, GARMIN LTD., DENSO CORPORATION, INDRA SISTEMAS, S.A., Q-FREE ASA, ITERIS, INC., DAKTRONICS, SENSYS GATSO GROUP AB, RICARDO, REDFLEX HOLDINGS, SWARCO, TRANSCORE, EFKON GMBH, LANNER ELECTRONICS, RETOOL, TRANSMAX PTY LTD., CITILOG, TELEGRA, CELLINT, and Others.
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Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Intelligent Transportation System.
- To provide insights about factors affecting the market growth. To analyze the Intelligent Transportation System based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Intelligent Transportation System.
