Intelligent Transportation Systems Market - Massive Growth Ahead
Global Intelligent Transportation Systems Market, Intelligent Transportation Systems Market Demand, Intelligent Transportation Systems Market Trends, Intelligent Transportation Systems Market Analysis, Intelligent Transportation Systems Market Growth, Intelligent Transportation Systems Market Share, Intelligent Transportation Systems Market Forecast, Intelligent Transportation Systems Market Challenges
Advance Market Analytics released a new market study on Global Intelligent Transportation Systems Market Research report which presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates for Global Intelligent Transportation Systems Forecast till 2032*.
The development of smart cities globally will help to boost the global Intelligent Transportation Systems market in the forecasted period. Intelligent transportation systems have garnered immense popularity over the past couple of decades, due to considerable advancements in information technology, the onset of cost-effective smart devices, and giant strides taken by sensing technologies. The necessity for presenting real-time traffic information of different regions to passengers and drivers is one of the significant factors driving the demand for intelligent transportation systems across the world. Furthermore, in 2020, the Intelligent Transportation Systems market will be hindered owing to the COVID-19 crisis, which has impacted demand, interrupted production, and disrupted the supply chain. So, numerous key players are going through flat or lower unit sales. Though, with economic stimulus packages declared by many nations such as Japan, the U.S., China, France, Italy, India, U.K., and Germany, is expected to generate great opportunities for transportation infrastructure development
Key Players included in the Research Coverage of Intelligent Transportation Systems Market are Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Garmin (United States), TomTom International BV (Netherlands), Cubic Corporation (United States), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc.(United States), Indra Sistemas (Spain),
What's Trending in Market: Rising favorable government initiatives for effective traffic management
High adoption of ecofriendly automobile technology
Challenges: Achieving interoperable and standard ITS architecture worldwide
Opportunities: Designing and developing smart vehicles compatible with ITS
The growing number of economically and technologically advanced countries
Market Growth Drivers: Growing concerns toward public safety
Increasing traffic congestion
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The Global Intelligent Transportation Systems Market segments and Market Data Break Down by Application (Fleet Management and Asset Monitoring, Intelligent Traffic Control, Collision Avoidance, Parking Management, Passenger Information Management, Ticketing Management, Emergency Vehicle Notification, Automotive Telematics), Vehicle Type (Emergency vehicle, Commercial vehicle, Transit vehicle, Maintenance and Construction vehicle), System (Advanced Traffic Management System, Advanced Traveler Information System, ITS-Enabled Transportation Pricing System, Advanced Public Transportation System, Commercial Vehicle Operation), Offerings (Hardware, Software, Services)
What are the market factors that are explained in the «Keyword» Market report?
– Key Strategic Developments: Strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors.
– Key Market Features: Including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin.
– Analytical Tools: The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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To comprehend Global Intelligent Transportation Systems market dynamics in the world mainly, the worldwide Intelligent Transportation Systems market is analyzed across major global regions. AMA also provides customized specific regional and country-level reports for the following areas.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia and Brazil.
• Middle East & Africa: Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and South Africa.
• Europe: United Kingdom, France, Italy, Germany, Spain, Belgium, Netherlands and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Malaysia, Singapore, and Australia.
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