How Intelligent Transportation Systems (ITS) Market Major Role for Global Development and Manufacturing Process 2021-2027

Intelligent Transportation Systems (ITS) Market Perspective 2021

𝗥𝗲𝗽𝗼𝗿𝘁 𝗣𝗮𝗴𝗲𝘀: [135 Pages]

The smart navigation system is an advanced system, whose main purpose is to provide new services related to various modes of travel and traffic management and allow users to have the right information. It also provides secure, more connected, and smarter security networks. Advances in wireless technology to share real-time data play an important role in the development and effective use of connected car systems. Wireless technologies such as DSRC, 3G, and 4G mobile networks ensure data transfer with multiple channels and improve the interoperability of transport networks. at the end of 2027.

𝗚𝗼 𝗳𝗼𝗿 𝗺𝗼𝗿𝗲 𝗱𝗲𝘁𝗮𝗶𝗹 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 𝗮𝗯𝗼𝘂𝘁 Intelligent Transportation Systems (ITS) Market
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High traffic congestion due to the increasing number of vehicles has contributed to the need for improved public vehicle management systems. The development of emergency services and vehicle management empowers authorities to respond quickly to accidents and emergencies with efficiency. The use of these systems reduces travel time and increases efficiency in traffic management. The use of public transportation, such as buses and trains, leads to reduced emissions and pollutants. In addition, traffic congestion can be mitigated by installing end-to-end traffic management systems using advanced techniques such as cloud computing and data analytics. Data collected from sensors such as sensors, video cameras, and embedded road-mounted systems can be used to analyze and control real-time traffic in cities. Companies in the ITS market are doing research and development activities to use data analytics and cloud to reduce traffic congestion, improve traffic flow in various cities, reduce idle time, and improve fuel economy.

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𝗙𝗿𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 (𝗙𝗔𝗤) :

𝗪𝗵𝗮𝘁 𝗶𝘀 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝘀𝗶𝘇𝗲, 𝘀𝗵𝗮𝗿𝗲 𝗼𝗳 Intelligent Transportation Systems (ITS) ?

𝗬𝗲𝘀, The global intelligent transportation systems (ITS) market was valued at US$ 30.1 Bn in 2019 and is forecast to reach a value of US$ 74.3 Bn by 2027 at a CAGR of 11.9% between 2020 and 2027.

𝗪𝗵𝗼 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀/𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 Intelligent Transportation Systems (ITS)?

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Companies Covered as part of this study include: 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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