+15% CAGR Growth To Be Achieved By Smart Transportation System Market Through 2023 Report Studied Focusing On Top Companies Like Affiliated Computer Services, Denso Corporation, Agero, Addco Llc, Lanner Electronics, Nuance Communications, Ricardo Plc, Sen

Smart transport or intelligent transport system is an advanced transportation infrastructure that aims to provide innovative services for traffic and transport management systems. This transport also enables various users to be more coordinated, better informed, and make safer and smarter use of transport networks. Smart transportation is applicable in parking management & guidance, passenger information, and traffic management.

Research N Reports Analyst Predicts “The Smart Transportation System market is expected to grow at CAGR of +15% During Forecast Period.

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Top Companies Studied In this Research:
Affiliated Computer Services, Denso Corporation, Agero, Addco Llc, Lanner Electronics, Nuance Communications, Ricardo Plc, Sensys Networks, Telenav

Smart transportation utilizes information systems and artificial intelligence to efficiently manage and coordinate transportation systems. The application of smart traffic network to ensure the safety of the driver to know the traffic information to better adjust the travel population. As the number of vehicles increases, traffic congestion increases and demand for smart traffic increases. Moreover, the demand for smart cities is another key factor responsible for this growing demand.

The main issues affecting most cities around the world are high quality services and lack of safe public transport, road safety issues, inadequate capacity for public transport, lack of traffic management, road overcrowding, theft, poor road conditions, And so on. Optional (including pedestrian access).
The system is expected to address the challenges of huge megacities in both developing and developing countries and help maintain a smooth traffic flow, safety and environmentally friendly and sustainable urban environment.

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The report analyzes the entire demand and supply chain in the global Smart Transportation System market and studies the various components. The effect of Porter’s five forces on the growth of the market has been also analyzed in the report. Referring to case studies, the report traces the historical development of the market. The demand for each of the product types has been assessed in the report.

Regional Outlook:

North America accounted for more than 20% of global sales in 2017. As government investment in transportation infrastructure increases, regional growth is expected to accelerate over the next few years.
The Asia Pacific market is expected to grow at its fastest rate during the forecast period due to several government initiatives. Growth rates in China, India, Korea and Japan are relatively high. The Indian government 's plan to build 100 smart cities is expected to open a new path for industry players.

Table of Contents
Global Smart Transportation System Market Research Report.
Chapter 1 Smart Transportation System Market Overview
Chapter 2 Global Economic Impact
Chapter 3 Competition by Manufacturer
Chapter 4 Production, Revenue (Value) by Region
Chapter 5 Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Production, Revenue (Value), Price Trend by Type
Chapter 7 Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Market Forecast
Continued…

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