Intelligent Transportation System Market size was US$ 46.44 Bn in 2022 and is expected to reach US$ 90.50 Bn by 2029, at a CAGR of 10% during the forecast period.
Market Overview:
For the global industry's Intelligent Transportation System market analysis, a research team did thorough primary and secondary research. Secondary research was carried out to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.
Market Scope:
Several methods for determining market value and market growth rate have been developed. Maximize research crew gathered market information and data from a variety of sources to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic data.
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Segmentation:
by Offering
1. Hardware
2. Software
3. Services
by System
1. Advanced Traveler Information System
2. Vehicle-to-Vehicle Interaction and Vehicle-to-Infrastructure Interaction
3. Advanced Traffic Management System
4. Advanced Public Transportation System (APTS)
5. Commercial Vehicle Operation
6. ITS ‐ Enabled Transportation Pricing System
by Type
1. ATIS
2. ATMS
3. ATPS
4. APTS
5. EMS
by Application
1 Fleet Management and Asset Monitoring
2. Intelligent Traffic Control
3. Collision Avoidance
4. Parking Management
5. Passenger Information Management
6. Ticketing Management
7. Emergency Vehicle Notification
8. Automotive Telematics
Key Players: The key players are
1. Affiliated Computer Services, Inc.
2. Denso Corporation
3. Agero, Inc.
4. Addco Llc
5. Lanner Electronics, Inc.
6. Nuance Communications, Inc.
7. Ricardo Plc
8. Sensys Networks, Inc.
9. Telenav, Inc.
10. Efkon AG
11. Thales Group.
12. Advantech Co., Ltd.
13. Bestmile SA
14. Clever Devices Ltd.
15. ETA Transit Systems
16. GMV Group
17. Hitachi, Ltd.
18. Kapsch Trafficcom
19. Lanner Electronics
20. Moxa Inc.
21. Xerox Corporation
22. Q-Free ASA
23. Siemens AG
24. WS Atkins PLC
25. Iteris, Inc.
Regional Analysis:
A country-level study of the Intelligent Transportation System Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Intelligent Transportation System Market study.
Key Questions Answered in the Intelligent Transportation System Market Report are:
- Which are the major players in the Intelligent Transportation System market?
- What key trends are likely to emerge in the Intelligent Transportation System market in the coming years?
- What will be the Intelligent Transportation System market size by 2029?
- Which company held the largest share in the Intelligent Transportation System market?
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