MarkNtel Advisors, a leading market research firm, has showed its latest study titled “Intelligent Transportation System Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into the Intelligent Transportation System Market: 2023-2028
The Intelligent Transportation System Market size is estimated to grow at a CAGR of around 8.5% during the forecast period, i.e., 2023-28.
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What are the primary factors driving the growth of the Intelligent Transportation System Market?
Key Driver: Ever-Growing Need to Reduce Traffic Congestion
The increasing traffic congestion due to the rising number of vehicle purchases resulting from enhanced living standards & disposable income is pushing the demand for a smart transportation system. Thus, the traffic issues like congestion and many private vehicles on the road incompatible with traditional infrastructural designs and traffic systems are driving the market. Additionally, it provides limitless solutions to traffic and road issues by assisting drivers and passengers, reducing accident chances by delivering advanced and fast suggestions, and leading the traffic by calculating numerous dimensions from vehicles to infrastructures. Therefore, the industry is expected to expand exponentially, further enhancing the Global Intelligent Transportation System Market size.
Intelligent Transportation System Market Segmentation:
The Intelligent Transportation System Market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
By Component
-Hardware
–Sensor
–Interface Boards
–Surveillance Camera
–Monitoring & Detection System
–Telecommunication Network
–Others
-Software
–Visualization Software
–Transit Management System
–Video Detection Management Software
–Others
-Services
–Professional
–Managed
By Type
-Advanced Public Transportation System (APTS)
-Advanced Traffic Management System (ATMS)
-Advanced Traveler Information System (ATIS)
-Advanced Transport Pricing System (ATPS)
-Its-Enabled Transportation Pricing System (ITPS)
-Others
- Amongst all, Advanced Traffic Management System (ATMS) is expected to garner the largest market share in the forecasting period.
By End User
-Traffic Management
-Freight Management
-Road Tolling System
-Road Safety and Security
-Public Transport
-Environment Protection
-Parking Management
-Others (Automotive Telematics, etc.)
By Mode of Transport
-Roadways
-Airways
-Railways
-Maritime
By Deployment
-Cloud
-On-Premise
Geographical Analysis into the Intelligent Transportation System Market:
- North America: US, Canada, Mexico
- Europe: Germany, The UK, France, Spain, Italy, Rest of Europe
- Asia-Pacific: China, Japan, South Korea, Australia, Rest of Asia-Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, South Africa, Rest of MEA
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/global-intelligent-transportation-system-market.html
Competitive Landscape and Intelligent Transportation System Market Share Analysis:
The competitive landscape of the Intelligent Transportation System Market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
Denso Corporation, Iteris, Lanner Electronics, Agero, EFKON, Cisco, Flir System, Siemens, TransCore, Citilog.
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the Intelligent Transportation System Market growth?
- How is the Intelligent Transportation System Market expected to grow over the next five years?
- What are the key insights into the current trends in the Intelligent Transportation System Market?
- What is the current size of the Intelligent Transportation System Market, and how is it projected to change in the future?
- What is the future outlook for the Intelligent Transportation System Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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