Intelligent Transport Systems Market 2021 Comprehensive Insights and Developments- Siemens AG, Thales Group, IBM Corporation, Garmin International Inc, Addco LLC

The Intelligent Transport Systems Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The intelligent transport systems market was valued at USD 22.88 billion in 2019, and is expected to reach a value of USD 30.65 billion by 2025, at a CAGR of 5.11% over the forecast period (2020- 2025).

Inquire for free Sample Copy of this Report: (flat 25% off)

https://www.marketinsightsreports.com/reports/01091745199/intelligent-transport-systems-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=S48

Competitive Landscape:

Top Companies: Siemens AG, Thales Group, IBM Corporation, Garmin International Inc, Addco LLC, TomTom NV, Cubic Corporation, FLIR Systems, Lanner Electronics Inc., Denso Corporation

Market Overview:

- Intelligent transport systems refer to the advanced technologies that are being applied to vehicles, infrastructure, and operating systems, which make the vehicles intelligent. As ITS technologies are being used in various industries beyond transportation and logistics, the demand for such systems is increasing rapidly.
- Government regulations and initiatives are the most important drivers for the growth and development of the intelligent transportation system market. With growing road safety concerns and increasing vehicle theft, governments across the world, especially in the United States, Europe, China, and Brazil among others are mandating the installation of factory-fitted telematics and safety devices in vehicles.

Scope of the Report

Intelligent transportation system (ITS) is the application of sensing, analysis, control, and communications technologies in transportation in order to improve safety, mobility, and efficiency. They can be applied to different modes of transport like roadways, railways, airways.

Industry News and Updates:

- January 2019 - The Department for Infrastructure (DfI) in Northern Ireland awarded Siemens a four-year contract. The contract covers both the maintenance and development of the existing traffic management systems, which are largely located in Belfast.

Key Market Trends:

- North America is the most advanced market for ITS. The region is equipped with several ITS systems in place, in order to manage the increasing traffic and public transportation system.
- The region is witnessing exponential growth in the sales of commercial drones, along with countries like the United States imposing strong laws on drone pilots and registrations. Hence it is expected to create a huge demand for ITS systems in the airways sector over the forecast period.
- In the case of passenger and commercial road vehicles, North America has a strong demand for dedicated short-range communication devices that prevent traffic jams, which is ultimately driving the demand for ITS systems in the region.

Browse full Report Description And TOC:

https://www.marketinsightsreports.com/reports/01091745199/intelligent-transport-systems-market-growth-trends-and-forecast-2020-2025?Mode=S48

What are the market influences that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Intelligent Transport Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format
- 3 months of analyst support

Purchase full Report @:

https://www.marketinsightsreports.com/report/purchase/01091745199?mode=su?Mode=S48

We Also Offer Customization on report based on specific client Requirement:

– Free country Level analysis for any 5 countries of your choice.

– Free Competitive analysis of any 5 key market players.

– Free 40 analyst hours to cover any other data point.

Contact Us:
Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.