**Embracing Lucrative Opportunities: The Booming Intelligent Transportation Systems Market**
In a recent groundbreaking report, titled “Intelligent Transportation Systems Market Analysis and Forecast from 2023 to 2031,” industry experts shed light on the impressive growth trajectory and immense potential of the keyword market. This thriving sector has become a hotspot for savvy investors and stakeholders looking to capitalize on its rapid expansion.
The report leaves no stone unturned in its comprehensive analysis, delving into a wide range of factors that drive the market’s impressive growth. It meticulously segments the market based on Regions, Country, Company, and other key segments, providing invaluable insights for businesses seeking to make informed decisions and gain a competitive edge.
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An intelligent transportation system (ITS) is a combination of leading-edge information and communication technologies used in transportation and traffic management systems to improve the safety, efficiency, and sustainability of transportation networks, to reduce traffic congestion and to enhance drivers’ experiences.
According to market research study published by Report Ocean, the market size of the global intelligent transportation systems sector is expected to rise by USD 13 billion with a CAGR of 6.2% by the end of 2028.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global intelligent transportation systems market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the intelligent transportation systems industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the offering, system, application, and region. The global market for intelligent transportation systems can be segmented by offering: hardware, software, services. Intelligent transportation systems market is further segmented by system: advanced public transportation system (APTS), advanced traffic management system (ATMS), advanced transportation pricing system (ATPS), advanced traveler information system (ATIS), others. According to the research, the ATMS segment had the largest share in the global intelligent transportation systems market. Based on application, the intelligent transportation systems market is segmented into: freight management, parking management, road safety, toll management, traffic management. On the basis of region, the intelligent transportation systems market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). Globally, North America made up the largest share of the intelligent transportation systems market.
By offering:
hardware
software
services
By system:
advanced public transportation system (APTS)
advanced traffic management system (ATMS)
advanced transportation pricing system (ATPS)
advanced traveler information system (ATIS)
others
By application:
freight management
parking management
road safety
toll management
traffic management
By region:
Asia Pacific
Europe
North America
Rest of the World (RoW)
The hardware market is further segmented into interface boards, monitoring and detection system, sensors, surveillance camera, telecommunication networks. The telecommunication networks segment is estimated to account for the largest share of the global intelligent transportation systems market.
The report explores the recent developments and profiles of key vendors in the Global Intelligent Transportation Systems Market, including Agero, Inc., Citilog SA, Conduent, Inc., Cubic Corporation, Denso Corporation, EFKON GmbH, Garmin Ltd., Hitachi, Ltd., Indra Sistemas, S.A., Iteris, Inc., Kapsch TrafficCom AG, Q-Free ASA, Siemens AG, Swarco Holding, Teledyne FLIR LLC, Telenav, Inc., Thales SA, Tomtom International B.V., TransCore, Inc., Transmax Pty Ltd., among others.
Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.
Scope of the Report
To analyze and forecast the market size of the global intelligent transportation systems market.
To classify and forecast the global intelligent transportation systems market based on offering, system, application, region.
To identify drivers and challenges for the global intelligent transportation systems market.
To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global intelligent transportation systems market.
To identify and analyze the profile of leading players operating in the global intelligent transportation systems market.
Why Choose This Report
Gain a reliable outlook of the global intelligent transportation systems market forecasts from 2022 to 2028 across scenarios.
Identify growth segments for investment.
Stay ahead of competitors through company profiles and market data.
The market estimate for ease of analysis across scenarios in Excel format.
Strategy consulting and research support for three months.
Print authentication provided for the single-user license.
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Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Reasons to Purchase this Report:
Strategic Direction: This research report provides insightful analysis and strategic advice for senior executives, decision-makers, professionals, sales managers, and other market stakeholders working in this space. It aids in decision-making and offers strategic recommendations for product advancements.
Comprehensive Analysis: Both economic and non-economic aspects are taken into account in the report’s thorough qualitative and quantitative analysis of the market. For a complete knowledge of market dynamics, it contains a segment breakdown with market evaluations expressed in terms of value (USD Billion) for each segment.
Growth Opportunities: The research highlights the geographies and market categories predicted to expand at the highest rates, potentially positioning them to dominate their respective markets. It offers a thorough examination of consumption trends in various geographic areas and highlights the variables affecting regional market trends.
Competitive Landscape: The competitive landscape section lists the top market rivals and discusses current business expansions, collaborations, product launches, and acquisitions. This data makes it easier to evaluate significant players’ market positions.
Detailed Company Profiles: These include their company description, insights, product benchmarking, and SWOT analysis, providing a thorough picture of the major market participants. Stakeholders are able to assess the advantages and disadvantages of the leading market players due to these profiles.
Future Market Outlook: The study presents recent trends, growth prospects, drivers, challenges, and restraints in both emerging and developed regions. It also includes current and future market outlooks. It gives stakeholders knowledge of potential industry trends and aids in their prediction of upcoming market dynamics.
Industry Analysis: Using Porter’s Five Forces Analysis, the research provides a comprehensive analysis of the industry, looking at factors such as the bargaining power of customers and suppliers, rivalry among businesses, the threat of alternative products, and the threat of new entrants. This research helps to comprehend how fiercely the market is competitive.
Value Chain Insights: Through a thorough examination of the value chain, the research offers insightful information about the market. This aids stakeholders in comprehending the main processes and actors involved in the creation and supply of the good or service.
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