Intelligent Transportation System Market Sto reach USD 48.5 Billion at 15.3% CAGR; Rising Air Pollution Worldwide to Augment Growth: Flir Systems, Inc., Indra Sistemas, S.A., Efkon Gmbh

Global Intelligent Transportation System Market to reach USD 48.5 Billion by 2027. 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.

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The global Intelligent Transportation System Market report is one of the most helpful resources for business leaders seeking guidance on transforming their companies. This transformation depends on these opportunities to gain insights. This report also provides an estimate of market size and revenue forecast in US dollars. Research into Intelligent Transportation System Market trends is also beneficial to understanding future trends. Furthermore, the study will help companies considering entering the global Intelligent Transportation System Market to make efficient business decisions, which will provide momentum for their companies and businesses as a whole.

There is a comprehensive analysis of the factors affecting the Intelligent Transportation System Market in this report. In essence, they determine the direction of the market by identifying trends, restraints, and drivers. The report also examines restraints in detail, contrasting them with drivers and highlighting their potential in strategic planning. The expanding market offers numerous opportunities for deriving lucrative business opportunities despite its rapid growth. Taking these factors into account is essential in different strategies for capturing lucrative opportunities. The study also included an expert's opinion to provide a deeper understanding.

Covid-19 Impact on the Global Intelligent Transportation System Market

• Coronavirus (Covid-19) and its impact on Intelligent Transportation System Market appear in market reports.

• In response to the Covid-19 outbreak in December 2019, the virus has spread in a number of countries around the world, which has prompted the WHO to declare a public health emergency. Coronavirus has already begun to wreak havoc on the global market and the industry will be severely affected.

• The effects of this crisis have been many, including travel bans and quarantines, flight cancellations, indoor event restrictions, restaurant, and business closures, emergency declarations in many countries, falling business confidence, stock market volatility, escalating panic among residents, and an uncertain future.

Regional Analysis of the Intelligent Transportation System Market

The report covers the following regions: North America, Asia Pacific, Europe, Middle East, and Africa, and South America. Additionally, the study includes country-specific analyses of 25+ leading countries, such as the US, Germany, UK, Japan, China, India, UAE, South Korea, South Africa, and Brazil. This segmentation provides regional and country-level information about the market, highlighting the market dynamics by various segments described in the report.

Key Players in the Intelligent Transportation System Market

This study analyzes several prominent competitors in the Intelligent Transportation System Market are:

Thales Group
Siemens
Kapsch Trafficcom
Garmin
Tomtom International Bv
Cubic Corporation
Cisco Systems
Flir Systems, Inc.
Indra Sistemas, S.A.
Efkon Gmbh

Market Segment Analysis of the Intelligent Transportation System Market

The global Intelligent Transportation System Market segmentation focuses on:

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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