Intelligent Transportation System Market Opportunities, Challenges, Key Players, Trend and Forecast by 2027 | Key Players are Cubic Corporation, Cisco Systems, Flir Systems, Inc., Indra Sistemas, S.A., Efkon Gmbh

Global Intelligent Transportation System Market is valued approximately at USD 17.9 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 15.3% over the forecast period 2021-2027. The Intelligent Transportation System research study provides a brief review of the setting, production, factors, competition, and recent strategic measures. It includes a demand forecast, a detailed list of assumptions and methods, historical data, and projections, as well as a detailed list of assumptions and methodologies. The research examines the market's financial environment to assess the local and global market competition. The analysis emphasizes the potential for growth in the worldwide Intelligent Transportation System industry throughout the anticipated period.

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Market Segmentation
The Intelligent Transportation System market is divided into three categories: type, supplier, and application, providing for a better knowledge of market size, climate, growth, and development. Graphs, charts, and records make up the segmentation. The global Intelligent Transportation System market study also offers in-depth insights into the target market's product category and is based on an organization's many objectives, such as product sub-segments, manufacturing amount, product definition, the requirement for raw material, and financial data.

Intelligent Transportation System Market Segmentation:
By offering:
Hardware
Software
Services

By System:
Advanced Traffic Management System
Advanced Traveler Information System
ITS-Enabled Transportation Pricing System
Advanced Public Transportation System
Commercial Vehicle Operation

By Application:
Fleet Management and Asset Monitoring
Intelligent Traffic Control
Collision Avoidance
Parking Management
Others

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The Major Market Players are:
Thales Group
Siemens
Kapsch Trafficcom
Garmin
Tomtom International Bv
Cubic Corporation
Cisco Systems
Flir Systems, Inc.
Indra Sistemas, S.A.
Efkon Gmbh

Regional Analysis
The report's assessment and interpretation of the Intelligent Transportation System sector is increasingly reliant on regional research. The leading companies in the sector are analyzed using secondary and primary sources, and their market revenue is determined, therefore this report covers specific critical competencies. The study looks at and analyses a number of elements that influence regional growth, such as the region's fiscal, cultural, social, technical, and political condition. The worldwide and territorial globalization of various Intelligent Transportation System transactions is discussed in this chapter. Similarly, this study delivers a reliable volume study by country and a regional-by-region industry share analysis.

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