Intelligent Transportation Systems Market is expected to grow at a CAGR of 6.7% over the period 2018-2023| Major Players - TRANSCORE INC, KAPSCH TRAFFICCOM AG, EFKON AG, Q-FREE, THALES GROUP amongst others

Market Analysis:

The term, 'Intelligent Transportation Systems' was coined over two decades ago to designate applications of information and communication technologies to the operational management of transportation networks. The improved supply chain management and the initiatives taken by the government are the key drivers, which are making the intelligent transportation systems market to grow lucratively.

Detailed Sample Copy of Updated Analysis @ https://marketprognosis.com/sample-request/15813
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”

The rapidly expanding telematics and vehicle infotainment industry, coupled with continued explosive growth of the commercial connected vehicle will see the emergence of new data streams, provided by the auto industry, and openly accessible to the developer community. The open data streams will facilitate the development of additional applications and services and represents the industry’s first extensive, real-time and anonymized data set, which is sourced from the traditional passenger vehicles. The major objective of the intelligent transport system market is to reduce traffic congestion, pollution level, and to control the number of road accidents. The Intelligent Transportation Systems market growth is currently being hindered by the lack of inter-operability and standardization.

Request Discount on this report @ https://marketprognosis.com/discount-request/15813
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”

Market Segments:
Intelligent Transportation Systems Market is segmented by:
1. Application: Torso Curtain Airbags, Head Curtain Airbags, Combo Curtain Airbags
2. End-User: OEM, Aftermarket
3. Vehicle Type: Hatchbacks and Sedans, SUV and Crossovers, Premium Vehicles, Commercial Vehicles
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

The major reasons behind the increase in traffic congestion are the growth in the number of vehicles on the roads, increase in population and migration of the rural areas to the metropolitan cities.

Enquiry before Buying @ https://marketprognosis.com/enquiry/15813
Note: “If this link doesn’t work in Internet Explorer, kindly try pasting it in other browsers.”

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

This release was published on openPR.