Intelligent Transportation System Market Study An Emerging Hint Of Opportunity with top players Siemens AG, TomTom NV, Hitachi Ltd, Thales Group, WS Atkins PLC, Telenav, Inc., Nuance Communications Incorporation, Kapsch TrafficCom

United States,Washington: Intelligent transportation systems (ITS) are a combination of leading-edge information and communication technologies used in traffic and transportation management systems. It is used to improve the efficiency, safety, and sustainability of transportation networks to reduce traffic congestion and enhance drivers’ experience. It involves a wide range of applications including traffic management, ease congestion, minimizes environmental impact, and also increase the benefits of transportation to commercial users. Advancements in wireless technologies to share real-time information are playing an important role in the effective development and deployment of connected vehicle systems. Wireless technologies such as DSRC, 3G, and 4G mobile networks ensure multi-modal data transmission and improve the interoperability of transportation networks.

The global intelligent transportation systems (ITS) market is estimated to account for US$ 74.3 Bn in terms of value by the end of 2027.

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

North America held dominant position in the global intelligent transportation systems (ITS) market in 2019, accounting for 40.2% share in terms of value, followed by APAC and Europe respectively.

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

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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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This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Intelligent Transportation Systems (ITS) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.

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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.

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