Intelligent Transportation System Market Trend, Share, Demand, Growth Rate and Opportunity Assessment till 2027

 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.

Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. 

Top competitors of the Intelligent Transportation System Market profiled in the report include:

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.

Get a sample of the report @https://www.emergenresearch.com/request-sample/106

The Global Intelligent Transportation System Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market. The report sheds light on the mergers and acquisitions, collaborations, joint ventures, brand promotions and product launches, agreements and partnerships, and corporate and government deals. The comprehensive analysis of the competitive landscape offers the readers a deeper understanding about the competitors.

To know more about the report, visit @https://www.emergenresearch.com/industry-report/intelligent-transportation-system-market

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)

  • Roadways
  • Airways
  • Railways

Systems Outlook (Revenue, USD Billion; 2017-2027)

  • Advanced Traveler Information System
  • Advanced Public Transportation System
  • Advanced Traffic Management System
  • ITS-Enabled Transportation Pricing System
  • Commercial Vehicle Operation

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Intelligent Traffic Control
  • Parking Management
  • Fleet Management and Asset Monitoring
  • Collision Avoidance
  • Passenger Information Management
  • Emergency Vehicle Notification
  • Ticketing Management
  • Automotive Telematics
Regional Analysis of the Intelligent Transportation System Market:

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Key Objectives of the Report:

  • Analysis and estimation of the Intelligent Transportation System market size and share for the projected period of 2020-2027
  • Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
  • Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Intelligent Transportation System market
  • Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
  • Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

Market Overview:

The research report on the Intelligent Transportation System market is formulated through extensive primary and secondary research along with qualitative and quantitative analysis of vital aspects of the market. The insightful data is further validated and verified by the industry professionals. The report strives to offer deeper insights into the overall market scenario of the Intelligent Transportation System business sphere.

Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.

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