In-depth details on the reasons that propelled industry growth, past, present, and future market trends, and other pertinent information are all included in the global analysis of Intelligent Transport Systems. Industry consultants and analysts have included a thorough discussion and analysis of each major player’s diverse product portfolios and competitive vendor landscapes, which are dispersed across various global markets, in order to give readers a complete picture of the global Intelligent Transport System market. In the paper study, the PESTEL and SWOT analyses of the sector are also examined. A market attractiveness assessment is used in the research to determine the overall attractiveness, growth rate, and market size of each market category.
Fact.MR researchers have emphasised the strengths, weaknesses, potential, assets, and skills of market participants for intelligent transportation systems. Another exciting research issue is how goods and services provided by Intelligent Transport Systems are distributed among various firms. The market for intelligent transportation systems is anticipated to generate US$26.47 billion in revenue in 2022 and US$53.06 billion by 2032, growing at a notable CAGR of 7.2% over that time.
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Key Segments Covered
Intelligent Transport System Market by Product Offering :
- Intelligent Transport Hardware
- Intelligent Transport Software
- Intelligent Transport Services
Intelligent Transport System Market by System :
- Advanced Traffic Management Systems (ATMS)
- Advanced Traveler Information Systems (ATIS)
- Advanced Transportation Pricing Systems (ATPS)
- Advanced Public Transportation Systems (APTS)
- Emergency Medical Systems (EMS)
Intelligent Transport System Market by Application :
- Intelligent Traffic Control
- Collision Avoidance
- Parking Management
- Ticketing Management
- Automotive Telematics
- Fleet Management & Asset Monitoring
Intelligent Transport System Market by Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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The business strategies of each market participant are in-depthly analysed in the Intelligent Transport System Market Report, including mergers, the introduction of new products, joint ventures, and collaborations.
The global market for skin-adhesive products has been negatively impacted by the current COVID-19 outbreak. Production has been significantly delayed as a result of the temporary suspension of manufacturing activities in all of the major manufacturing hubs. Covid-19 has an impact on customer demand and purchasing power as well. Given that the anticipated length of the closure, it is exceedingly difficult to predict when and how the market for Intelligent Transport Systems will reopen. It is anticipated that Cov-19 will have a significant impact on the analysis of Intelligent Transport Systems.
Key Companies Profiled
- Thales Group
- Siemens AG
- Garmin Ltd.
- Efkon AG
- Lanner Electronics Inc.
- Kapsch Trafficcom
- Ricardo Plc
- Tomtom International BV
- Iteris Inc.
- Q-Free ASA
- Atkins Group
- Denso Corporation
The report on the global market for Intelligent Transport Systems contains a wide range of data, including the following:
Consumption habits of people around the world are evolving.
The global market for intelligent transportation systems has a wide range of obstacles, opportunities, and drivers.
Every market participant needs new revenue sources in an increasing globe.
Participant profiles and the level of competition among the leading companies in the industry
Disruptive technologies and business strategies that consider the effects of COVID-19 on the market and how the pandemic might affect the future expansion of the Intelligent Transport System.
To analyse the revenue and projected future growth of the Intelligent Transport System market, geographic segmentation are employed.
The market for intelligent transportation systems has expanded significantly during the past year.
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