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Intelligent Transportation Systems (ITS) Market Continue to Rise the Growth Opportunities at a CAGR of 11.9% by 2027

12-28-2021 11:36 AM CET | IT, New Media & Software

Press release from: Coherent Market Insights

global intelligent transportation systems (ITS) market

global intelligent transportation systems (ITS) market

The global intelligent transportation systems (ITS) market was valued at US$ 30.1 Bn in 2019 and is forecast to reach a value of US$ 74.3 Bn by 2027 at a CAGR of 11.9% between 2020 and 2027.

Wireless technologies used in ITS systems are developing constantly to improve the reliability and interoperability of transportation networks. Both short distance and long-distance wireless communication technologies are advancing rapidly to support current and future applications of ITS. These wireless communication technologies have a wide range of applications in ITS including electronic toll charging (ETC), vehicle navigation systems, and other advanced traveler information systems. Recently, 5.9 MHz DSRC was introduced to improve the performance of toll systems at highway tolls. Europe has also approved this technology for ETC on highways. Continuous development and standardization of the DSRC technology are expected to increase its applications in the field of V2X communication systems to reduce accidents and improve road safety. Communication Air Interface Long and Medium (CALM) range also has a huge potential as it provides continuous wireless communication between roadside infrastructure and vehicles.

๐‘ท๐’“๐’๐’‡๐’Š๐’๐’Š๐’๐’ˆ ๐‘ฒ๐’†๐’š ๐‘ช๐’๐’Ž๐’‘๐’‚๐’๐’Š๐’†๐’”:=
โžผ Siemens AG,
โžผ TomTom NV,
โžผ Hitachi Ltd,
โžผ Thales Group,
โžผ WS Atkins PLC,
โžผ Telenav, Inc.,
โžผ Nuance Communications Incorporation,
โžผ Kapsch TrafficCom AG,
โžผ EFKON AG, Iteris, Inc.,
โžผ Garmin International Inc.

๐—ก๐—ฒ๐˜„ ๐—ฌ๐—ฒ๐—ฎ๐—ฟ ๐—ฆ๐—ฎ๐—น๐—ฒ | ๐—š๐—ฒ๐˜ ๐—˜๐—ป๐—ผ๐—ฟ๐—บ๐—ผ๐˜‚๐˜€ ๐——๐—ถ๐˜€๐—ฐ๐—ผ๐˜‚๐—ป๐˜ ๐—จ๐—ฝ ๐˜๐—ผ ๐Ÿด๐Ÿฌ% ๐๐ฎ๐ฒ ๐๐จ๐ฐ @
https://www.coherentmarketinsights.com/insight/buy-now/4174

๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:=
โžผ In-depth analysis of the market insightful information
โžผ Strategic initiatives focusing on the leading vendors.
โžผ Detailed SWOT analysis & PEST analysis of the market.
โžผ Crucial facts & figures about dominant regions
โžผ Trending factors influencing the market in the geographical regions.
โžผ Opportunities and threats faced by the existing vendors in Global Market.

๐“๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐€๐ง๐ฌ๐ฐ๐ž๐ซ๐ฌ ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ:-
โ–บ What is the market size and forecast of the Global Intelligent Transportation Systems (ITS) Market?
โ–บ What are the inhibiting factors and impact of COVID-19 shaping the Global Intelligent Transportation Systems (ITS) Market during the forecast period?
โ–บ Which are the products/segments/applications/areas to invest in over the forecast period in the Global Intelligent Transportation Systems (ITS) Market?
โ–บ What is the competitive strategic window for opportunities in the Global Intelligent Transportation Systems (ITS) Market?
โ–บ What are the technology trends and regulatory frameworks in the Global Intelligent Transportation Systems (ITS) Market?
โ–บ What is the market share of the leading vendors in the Global Intelligent Transportation Systems (ITS) Market?
โ–บ What modes and strategic moves are considered suitable for entering the Global Intelligent Transportation Systems (ITS) Market?

๐—–๐—ผ๐—ป๐˜๐—ฎ๐—ฐ๐˜ ๐—จ๐˜€:-
Mr. Shah
Coherent Market Insights
Email: sales@coherentmarketinsights.com

๐—”๐—ฏ๐—ผ๐˜‚๐˜ ๐—จ๐˜€:-
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are also committed to playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients. We create value for clients through our highly reliable and accurate reports.

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