Intelligent Transport Systems Market 2021 - 2027: Current and Future Opportunities for Key Players, With Covid-19 Impact Analysis: Redflex Holdings Limited, THALES Company, Garmin International Inc., BAE SYSTEMS PLC Company

The research report covers information on market size, drivers, opportunities, restraints along with the key manufacturers operating the global Intelligent Transport Systems market. This research report provides a complete package of crystallized information including detailed analysis on value, volume, company level, and regional level. While maintaining a global perspective, the research report provides information on historical data and potential scenarios.

Geographically, the global Intelligent Transport Systems market focuses heavily on the number and revenue analysis of regions. It also provides quantitative and qualitative information that provides easy analysis of past, present, and future market scenarios.

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The Major Players Profiled in this report include Redflex Holdings Limited, THALES Company, Garmin International Inc., BAE SYSTEMS PLC Company, NORTHROP GRUMMAN CORPORATION, Kapsch Trafficcom AG., WS ATKINS PLC, Q-free ASA, BT Signaal, WSP Parsons Brinckerhoff, TomTom International BV, Transcore Inc., Denso Corporation, Savari Inc, CISCO SYSTEMS, INC., MOUCHEL GROUP PLC, EFKON AG, Nuance Communication Inc.

The significant increase in the number of vehicles each year is among the major reasons for greenhouse gas emissions. The deployment of ITS can help reduce the emission of greenhouse gases. In addition, it can deliver environmental benefits by reducing traffic congestion. "Eco-driving" is an ITS-enabled application, wherein vehicles provide instructions to motorists on ways to achieve fuel-efficient speeds across all driving situations, thereby regulating the driving behavior to benefit the environment.

An increasing number of megacities and the growing population in developed and developing countries has increased the need for ITS. ITS involves the revamp of overall technological aspects such as GPS, carrier access for land mobiles, and dedicated short-range communication (DSRC). The ITS market in APAC is growing rapidly because of the demand in countries such as China, Japan, Australia, and the Rest of APAC. Various countries in APAC, such as Japan, China, and Australia, have started recognizing ITS as a solution to curb issues such as traffic congestion, air pollution, and greenhouse gas emissions. The market in APAC has high growth potential. The demand for ITS in APAC is significantly driven by the strong economic growth, rise in population, and rapid urbanization. Formulating standards is a challenge as it requires a vast knowledge of technical aspects, coordination among stakeholders, and a vision to attain different objectives by such standards. Implementation of an international standardization process such as ISO also helps countries build national standards in an effective and fair manner.

The largest market size of advanced traffic management systems is attributed to the increasing traffic congestion on roads across the world. In addition, the increasing affordability of vehicles, due to the availability of favorable deals offered by automobiles manufacturers, is also propelling the traffic congestion problem. To address this concern, it is expected that advanced traffic management systems will be deployed significantly across all the regions to help countries grow efficiently.

This report offers a complete analysis of the market segmentation and the growth factors influencing the market. It also provides value chain analysis, cost structure, and Porter 5 analysis that gives you an easy outlook on the market. This research report covers quite a bit of the complex calculations involved in predicting the outcome of a business taking into account past and present performance.

This detailed research study of the Intelligent Transport Systems Market specializes in facts and figures about the business operations and some implied visions in terms of the growth prospects of the market. Additionally, the research report offers an in-depth study of the segmentation of the global Intelligent Transport Systems market based on type, product category, application, etc.

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Key highlights of this research report:

• Overview of the key market segments that are propelling or hindering the market growth
• Provides a 360-degree overview of the competitive landscape.
• It helps you make informed business decisions.
• It provides a detailed analysis of recent trends, tools, and technological advances.
• Competitive Dynamics Assessment
• Different sales methodologies to help increase business revenue
• Regional analysis of various market segments and sub-segments
• Demand-Supply Chain Analysis of Global Intelligent Transport Systems Market
• Different approaches to exploring global opportunities and identifying potential customers around the world
The cost analysis of the Global Intelligent Transport Systems Market has been performed taking into account manufacturing costs, labor costs, and raw materials as well as market concentration, vendors, and price trends. Other factors such as supply chains, downstream buyers, and sourcing strategies were evaluated to provide a complete and in-depth view of the market. Report buyers will be exposed to research on market positioning taking into account factors such as target audience, brand strategy, and pricing strategy.

Key questions answered in the report include:

• What will the market size and growth rate be by the end of the forecast period?
• What are the key Intelligent Transport Systems market trends influencing the growth of the market?
• What are the potential growth opportunities and threats faced by the major competitors in the market?
• What are the key outcomes of Porter's five forces analysis and the SWOT analysis of key players operating in the global Intelligent Transport Systems market?
• The report provides all information pertaining to the industry overview, analysis, and revenue of this market.
• What are the market opportunities and threats faced by the vendors in the global Intelligent Transport Systems market?
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