| The global Intelligent Transportation System (ITS) Market is expected to reach USD 48.17 Billion by 2027, according to a new report by Emergen Research. The increasing number of on-road vehicles and inefficient existing transport infrastructure will encourage the need for an intelligent transportation system. Actions by the government towards establishing a more reliable infrastructure and running the transport system easily are anticipated to grow the market globally.
The Global Intelligent Transportation System Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2020-2027. The report studies the historical data of the Intelligent Transportation System market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Intelligent Transportation System industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Intelligent Transportation System market.
To know more about the report, visit @https://www.emergenresearch.com/industry-report/intelligent-transportation-system-market
The Global Intelligent Transportation System Market research study published by Emergen Research is an extensive collection of insightful information about the Intelligent Transportation System industry. The report covers the Intelligent Transportation System Market segmentation along with a detailed outline of the Intelligent Transportation System market size with regards to volume and valuation. The report provides comprehensive coverage of the Intelligent Transportation System market scenario for the current period and forecast timeline of 2020-2027. The Intelligent Transportation System market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions.
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The key companies studied in the report are:
Thales Group, Garmin, Siemens, Tomtom International BV, Flir Systems, Inc., Q-Free, Cisco Systems, Efkon GMBH, Indra Sistemas, S.A., and Denso Corporation, among others.
For the purpose of this report, Emergen Research has segmented into the global Intelligent Transportation System (ITS) Market on the basis of mode of transport, system, application, and region:
• Mode of Transport Outlook (Revenue, USD Billion; 2017-2027)
o Roadways
o Airways
o Railways
• Systems Outlook (Revenue, USD Billion; 2017-2027)
o Advanced Traveler Information System
o Advanced Public Transportation System
o Advanced Traffic Management System
o ITS-Enabled Transportation Pricing System
o Commercial Vehicle Operation
• Application Outlook (Revenue, USD Billion; 2017-2027)
o Intelligent Traffic Control
o Parking Management
o Fleet Management and Asset Monitoring
o Collision Avoidance
o Passenger Information Management
o Emergency Vehicle Notification
o Ticketing Management
o Automotive Telematics
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
The report addresses the following key points:
The report estimates the expected market size from 2020-2027
The report provides a forecast of market drivers, restraints, and future opportunities for the Intelligent Transportation System market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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