Intelligent Transportation Systems Market Next Big Thing | Major Giants: Thales Group, Siemens, Kapsch TrafficCom

Latest Study on Industrial Growth of Worldwide Intelligent Transportation Systems Market 2021-2027. A detailed study accumulated to offer Latest insights about acute features of the Worldwide Intelligent Transportation Systems market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

The Major Players Covered in Intelligent Transportation Systems Market Report: Thales Group (France), Siemens (Germany), Kapsch TrafficCom (Austria), Garmin (United States), TomTom International BV (Netherlands), Cubic Corporation (United States), Q-Free ASA (Norway), EFKON GmbH (Austria), FLIR Systems, Inc.(United States), Indra Sistemas (Spain),

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The newly added research report on the Intelligent Transportation Systems market is a complete guide to understand various factors that play a crucial role in growth progression. The report is designed to aid the investment decisions and motivate crucial investment discretion for new businesses looking out for seamless market penetration.

Definition:
The development of smart cities globally will help to boost the global Intelligent Transportation Systems market in the forecasted period. Intelligent transportation systems have garnered immense popularity over the past couple of decades, due to considerable advancements in information technology, the onset of cost-effective smart devices, and giant strides taken by sensing technologies. The necessity for presenting real-time traffic information of different regions to passengers and drivers is one of the significant factors driving the demand for intelligent transportation systems across the world. Furthermore, in 2020, the Intelligent Transportation Systems market will be hindered owing to the COVID-19 crisis, which has impacted demand, interrupted production, and disrupted the supply chain. So, numerous key players are going through flat or lower unit sales. Though, with economic stimulus packages declared by many nations such as Japan, the U.S., China, France, Italy, India, U.K., and Germany, is expected to generate great opportunities for transportation infrastructure development

Market Trends:
• Rising favorable government initiatives for effective traffic management
• High adoption of ecofriendly automobile technology

Opportunities:
• Designing and developing smart vehicles compatible with ITS
• The growing number of economically and technologically advanced countries

Market Drivers:
• Growing concerns toward public safety
• Increasing traffic congestion

Challenges:
• Achieving interoperable and standard ITS architecture worldwide

The titled segments and sub-section of the Intelligent Transportation Systems market are illuminated below: by Application (Fleet Management and Asset Monitoring, Intelligent Traffic Control, Collision Avoidance, Parking Management, Passenger Information Management, Ticketing Management, Emergency Vehicle Notification, Automotive Telematics), Vehicle Type (Emergency vehicle, Commercial vehicle, Transit vehicle, Maintenance and Construction vehicle), System (Advanced Traffic Management System, Advanced Traveler Information System, ITS-Enabled Transportation Pricing System, Advanced Public Transportation System, Commercial Vehicle Operation), Offerings (Hardware, Software, Services)

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Regional Analysis for Worldwide Intelligent Transportation Systems Market:
• APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)

Furthermore, the years considered for the study are as follows:
Historical year – 2015-2020
Base year – 2020
Forecast period** – 2021 to 2027 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.

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Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Intelligent Transportation Systems Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Intelligent Transportation Systems Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

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Extract from Table of Content:
Chapter 01 – Executive Summary
Chapter 02 – Market Overview
Chapter 03 – Key Success Factors
Chapter 04 – Covid-19 Crisis Analysis on Global Intelligent Transportation Systems Market
Chapter 05 – Global Intelligent Transportation Systems Market - Pricing Analysis
Chapter 06 – Global Intelligent Transportation Systems Market Background
Chapter 07 -- Global Intelligent Transportation Systems Market Segmentation
Chapter 08 – Key and Emerging Countries Analysis in Global Intelligent Transportation Systems Market
Chapter 09 – Global Intelligent Transportation Systems Market Structure Analysis
Chapter 10 – Global Intelligent Transportation Systems Market Competitive Analysis
Chapter 11 – Assumptions and Acronyms
Chapter 12 – Research Methodology

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