U.S (New York)– Report Ocean is the ultimate intelligence source on “Intelligent Transportation Systems (ITS) Market“. Our report analyzes the market’s response to recent disruptions like the Russia-Ukraine war and Covid-19, offering qualitative insights through frameworks like Porters’ and PESTLE analysis, SOWT analysis. With detailed segmentation and market size data across categories, product types, applications, and geographies, our report covers key issues, trends, drivers, restraints, challenges, competitive landscape, and recent events such as M&A activities’
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.
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A release on June 8th, 2022, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2022.In April 2022, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2022, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID-19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2022 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on industries. resulting in a large market for Intelligent Transportation Systems (ITS) Market.
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.
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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.
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.
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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.
Study Objectives:
- Conduct SWOT analysis to assess market competition among global manufacturers.
- Define, describe, and forecast the market by type, application, and region.
- Evaluate global and regional market potential, advantages, opportunities, challenges, constraints, and risks.
- Determine the driving and limiting factors for market growth.
- Identify high-growth categories for stakeholder analysis of market potential.
- Analyze growth trends and market contribution of each submarket strategically.
- Examine competitive developments such as expansions, agreements, new product launches, and acquisitions.
- Create detailed growth profiles of key players and analyze their expansion plans.
Research Methodology:
- Outline research goals, questions, and hypotheses.
- Describe the research design, approach, data collection methods, and sampling strategy.
- Explain data collection procedures, including primary and secondary sources, instruments, and cleaning processes.
- Discuss data analysis methods, such as statistical tests and qualitative coding.
- Address study limitations, biases, sources of error, and data constraints.
- Consider ethical considerations, including informed consent, participant confidentiality, and minimizing harm.
Report Scope:
- Provide comprehensive market segmentation and revenue approximations across verticals and regions.
- Highlight key market drivers, restraints, challenges, and opportunities for stakeholders.
- Improve stakeholders’ understanding of competitors and enhance their business position.
- Include competitor ecosystem, new product development, agreements, and acquisitions in the competitive landscape section.
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