Intelligent Transportation Systems (ITS) Market - How COVID19 impacting on the Information Technology Industry?

United States,Washington: The Global Intelligent Transportation Systems (ITS) Market, By Type (ATIS, ATMS, ATPS, APTS and Cooperative systems), By Application (Traffic management, Road safety and surveillance, Freight management, Public transport, Environment protection, Automotive telematics, Parking management and Road user charging), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Global Forecast to 2027, is expected to be valued at US$ 74.3 billion by 2027, exhibiting a CAGR of 11.9% during the forecast period (2020-2027), as highlighted in a report published by Coherent Market Insights.

Global Intelligent Transportation Systems (ITS) Market and Competitive Analysis

Know your current market situation! Not only a vital element for brand new products but also for current products given the ever-changing market dynamics. The study allows marketers to remain involved with current consumer trends and segments where they'll face a rapid market share drop. Discover who you actually compete against within the marketplace, with Market Share Analysis know market position, to push Share and Segmented Revenue of Intelligent Transportation Systems (ITS) Market

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

The Leading Key Players during this Industry: Siemens AG, TomTom NV, Hitachi Ltd, Thales Group, WS Atkins PLC, Telenav, Inc., Nuance Communications Incorporation, Kapsch TrafficCom AG, EFKON AG, Iteris, Inc., and Garmin International Inc.

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1) What all companies are currently profiled in the report?

The report Contain the Major Key Players currently profiled in this market.

** List of companies mentioned may vary in the final report subject to Name Change / Merger etc.

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Yes, we can add or profile new company as per client need in the report. Final confirmation to be provided by the research team depending upon the difficulty of the survey.

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Research and development activities by market players

Major players in the market are focused on research and development activities, in order to enhance the market presence. For instance, in March 2013, Hitachi Ltd introduced a tiny self-driving car i.e. ROPITS (Robot for Personal Intelligent Transportation System). This car is specially designed to offer to pick and drop facilities for growing number of elderly citizens and for physically disabled people. In July 2011, Nuance Communications Inc. launched the Natural Language Understanding (NLU) Interactive Voice Response (IVR) system for US Airways in order to deliver a fast and personalized travelling experience

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Coherent Market Insights: The research report on Intelligent Transportation Systems (ITS) is a deep analysis of the market. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Experts have studied the historical data and compared it with the changing market situations. The report covers all the necessary information required by new entrants as well as the existing players to gain deeper insight.

This release was published on openPR.